ETENRU
RegisteredHarju County
Registry code
11420082
VAT number
EE101210443
Address
Harju maakond, Tallinn, Haabersti linnaosa, Humala tn 2, 10617
Registered
06.09.2007 · 19 yrs
Activity
Logging 02201
Additional activities
Freight transport by road
Capital
28 070 €
Email
i•••@g•••.comLog in to see
Phone
+372 •• ••••Log in to see
Website
https://www.graanulinvest.com
Business Register 05.10.2026
Negatiivne omakapital, madal likviidsus ja raha alla kuu kulude
Sales revenue2,8 m €-10%2025 annual report
Profit-411 k €2025 annual report
Employees17Tax Board 2026 Q2
Average gross salary5 304 €estimate, Tax Board 2026 Q2
Labour taxes per quarter138 k €Tax Board 2026 Q2
Cash157 k €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months3,6 m €+13%Tax Board, last 4 quarters
State taxes 12 months745 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 1,1 mln €
801 k870 k798 k708 k777 k799 k888 k1,1 M
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
BB
Modest, higher risk
55 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 05.10.2026 · open data
Quick check
  • No tax debt
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingBB since 26.09.2026
In tax debt0 days since 26.09.2026
Revenue 12 months▲ 13% vs a year earlier
Notification when something changes

Data

Board and owners

3 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Jaano Haidla12 companiesno tax debtPersonal ID ↗23.07.2019
Rain Silivask11 companiesno tax debtPersonal ID ↗18.02.2008
Other persons 1
Nasdaq CSD SE1983 companies155 with tax debt40 bankruptShare register keeperPersonal ID ↗28.09.2017
Beneficial owners 6
Andres Rätsepp10 companiesno tax debtÕigus nimetada või tagasi kutsuda enamikku tegevjuhtkonnast või kõrgema juhtorga05.01.2022
Bradley Regal FiersteinÕigus nimetada või tagasi kutsuda enamikku tegevjuhtkonnast või kõrgema juhtorga05.01.2022
Claudiu Hortumember of the senior management body, i.e. management or supervisory board member26.02.2025
Efisio Follesamember of the senior management body, i.e. management or supervisory board member10.02.2023
Fabien Morellimember of the senior management body, i.e. management or supervisory board member04.03.2024
Waleed Elgoharymember of the senior management body, i.e. management or supervisory board member01.09.2025

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue21,5%
Labour taxes / revenue12,4%
Revenue per employee per month21 778 €
Gross salary (estimate)5 304 €
Net salary (estimate)4 142 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q21 110 687 €▲ 57%137 948 €238 513 €17
2026 Q1888 451 €▲ 11%93 965 €176 499 €20
2025 Q4799 091 €▼ 8%99 193 €172 674 €18
2025 Q3777 215 €▼ 3%88 189 €157 497 €19
2025 Q2707 554 €▲ 19%90 032 €124 879 €19
2025 Q1797 709 €▼ 10%92 379 €152 071 €18
2024 Q4869 666 €▼ 12%89 072 €162 351 €19
2024 Q3801 485 €▼ 51%86 246 €170 114 €19
2024 Q2595 904 €▼ 0%78 400 €129 360 €19
2024 Q1881 911 €▼ 10%86 201 €144 692 €20
2023 Q4984 809 €▲ 8%81 832 €146 968 €20
2023 Q31 646 611 €▲ 30%84 792 €105 962 €18
Show full history (18 quarters)
2023 Q2598 073 €▼ 30%76 854 €126 890 €20
2023 Q1978 275 €▲ 6%84 813 €141 472 €20
2022 Q4912 921 €78 816 €116 605 €20
2022 Q31 268 418 €79 270 €160 204 €19
2022 Q2860 025 €73 398 €142 772 €19
2022 Q1926 950 €77 141 €169 478 €21

Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0

Annual reports

5 yr
Build report

20252024202320222021
Sales revenue2,8 m €▼ 10%3,1 m €▲ 4%3,0 m €▼ 13%3,4 m €▲ 21%2,8 m €
Profit-411 k €▼ 34%-307 k €▼ into loss48 265 €▼ 50%95 722 €▲ into profit-256 k €
Profit margin-14,9%-10,0%1,6%2,8%-9,1%
Retained earnings-759 k €▼ 68%-453 k €▲ 10%-501 k €▲ 16%-597 k €▼ 75%-340 k €
Cash157 k €▼ 29%221 k €▼ 19%273 k €▲ 301%68 121 €▼ 55%153 k €
Current assets356 k €▼ 12%402 k €▼ 32%595 k €▲ 45%410 k €▲ 21%339 k €
Fixed assets2,4 m €▲ 70%1,4 m €▼ 28%2,0 m €▲ 5%1,9 m €▼ 24%2,4 m €
Assets2,7 m €▲ 52%1,8 m €▼ 29%2,6 m €▲ 12%2,3 m €▼ 18%2,8 m €
Current liabilities916 k €▲ 68%546 k €▼ 29%772 k €▲ 5%734 k €▼ 18%892 k €
Long-term liabilities1,8 m €▲ 35%1,4 m €▼ 14%1,6 m €▲ 14%1,4 m €▼ 24%1,8 m €
Total liabilities2,7 m €▲ 45%1,9 m €▼ 19%2,3 m €▲ 11%2,1 m €▼ 22%2,7 m €
Equity-2 162 €▲ 98%-91 335 €▼ into loss215 k €▲ 29%167 k €▲ 134%71 345 €
Labour costs840 k €0%841 k €▲ 7%789 k €▲ 5%749 k €▼ 19%925 k €
Employees18▼ 5%190%19▼ 5%20▼ 5%21
Filed29.06.202618.06.202529.05.202430.06.202327.06.2022
ReportPDF ↓PDF ↓PDF ↓PDF ↓PDF ↓

▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0

Revenue by activity

2025
ActivityEMTAKSales revenueOsa
Logging main activity022011 518 503 €55%
Freight transport by road494111 245 942 €45%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

Loading properties…

Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Debts and court cases

clean
No tax debt · Tax Board 05.10.2026

Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.

Enforcement, payment orders and notices

clean

Official Announcements contain no enforcement, payment order or tax authority notices about the company.

Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.

State: transactions, tenders, grants

526 € makseid

Transactions with state institutions

2026526 €

Largest payers

AS Eesti Raudtee526 €
All payments by month
MonthPayerTypeFieldAmount
07.2026AS Eesti RaudteeOperating costsRail transport526 €

Riigi Tugiteenuste Keskus, Saldo makseandmikud

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

60
AS AlexelaNasdaq CSD SE555,0 m €BBEricsson Eesti AktsiaseltsNasdaq CSD SE416,6 m €AAAS SEB PankNasdaq CSD SE405,8 m €AAAktsiaselts METAPRINTNasdaq CSD SE85,8 m €AAAAS HANZA Mechanics TartuNasdaq CSD SE81,5 m €AAAERGO Insurance SENasdaq CSD SE80,6 m €AAAElke Tallinn ASNasdaq CSD SE62,0 m €AAAaktsiaselts ESTIKO - PLASTARNasdaq CSD SE48,2 m €AAAStockmann AktsiaseltsNasdaq CSD SE42,3 m €AAaktsiaselts PINUSNasdaq CSD SE29,6 m €AAAAktsiaselts BalbiinoNasdaq CSD SE29,5 m €AAAAktsiaselts Magnum VeterinaariaNasdaq CSD SE28,6 m €BBAktsiaselts KROONINGNasdaq CSD SE27,1 m €BInterchemie Werken De Adelaar Eesti aktsiaseltsNasdaq CSD SE25,5 m €BBBSchneider Electric Eesti ASNasdaq CSD SE24,9 m €BAktsiaselts TopautoNasdaq CSD SE21,6 m €AAAktsiaselts Lincona KonsultNasdaq CSD SE19,2 m €AAAAS All Media EestiNasdaq CSD SE17,2 m €AAAktsiaselts PAFERNasdaq CSD SE15,1 m €AAABaltyre Eesti ASNasdaq CSD SE14,8 m €AAAaktsiaselts PristisNasdaq CSD SE13,5 m €AAAAktsiaselts Viru ElektrikaubandusNasdaq CSD SE10,6 m €AAAktsiaselts STANDARDNasdaq CSD SE10,6 m €AAS Eesti LeivatööstusNasdaq CSD SE10,3 m €Aaktsiaselts LTTNasdaq CSD SE10,2 m €AAAMotoral Eesti AktsiaseltsNasdaq CSD SE8,6 m €AAktsiaselts Silmani ElekterNasdaq CSD SE8,0 m €Aaktsiaselts HALS TRADING - TNasdaq CSD SE6,8 m €Aaktsiaselts "Rauameister"Nasdaq CSD SE6,8 m €AAAktsiaselts "Erimell"Nasdaq CSD SE6,4 m €AAAAktsiaselts Taastusravikeskus ViikingNasdaq CSD SE5,8 m €AAAAktsiaselts Loo ElekterNasdaq CSD SE5,5 m €AAAaktsiaselts IKODORNasdaq CSD SE4,9 m €AAAktsiaselts ANTAARESNasdaq CSD SE4,7 m €AACaverion Eesti ASNasdaq CSD SE4,6 m €AAktsiaselts Kiviõli KaubahoovNasdaq CSD SE4,4 m €AAAktsiaselts Metsaküla PiimNasdaq CSD SE3,9 m €AAAaktsiaselts VÕRU VESINasdaq CSD SE3,4 m €AAAaktsiaselts TAUF-AUTONasdaq CSD SE2,9 m €AAAaktsiaselts CISTANasdaq CSD SE2,6 m €AAAPRIMULATOR EESTI AktsiaseltsNasdaq CSD SE2,2 m €AAARTT AktsiaseltsNasdaq CSD SE2,1 m €AAAAS Remedium Kalamaja ApteekNasdaq CSD SE1,7 m €AAaktsiaselts ESTIKONasdaq CSD SE1,6 m €AAAAktsiaselts Ekspress GruppNasdaq CSD SE1,4 m €AALEKON PROPERTY ASNasdaq CSD SE1,2 m €AAAAktsiaselts FotoluksNasdaq CSD SE1,1 m €BBBAktsiaselts LAVEXNasdaq CSD SE692 k €CAktsiaselts Peipsi KalameesNasdaq CSD SE498 k €AAAktsiaselts MihkliNasdaq CSD SE475 k €AAAS Tolaram InvestmentsNasdaq CSD SE380 k €AAAktsiaselts Projekt ENasdaq CSD SE198 k €AAAktsiaselts YearNasdaq CSD SE132 k €CRaisio Eesti AktsiaseltsNasdaq CSD SE120 k €ADeden-Invest AktsiaseltsNasdaq CSD SE51 638 €AKatus ASNasdaq CSD SE13 588 €Aaktsiaselts FaabulaNasdaq CSD SE0 €BBBAktsiaselts TalveaedNasdaq CSD SE · Likvideerimisel0 €CAktsiaselts SpratfilNasdaq CSD SE · Bankrupt0 €CAktsiaselts RoolidNasdaq CSD SE0 €

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Logging

20
#CompanyRevenue
1Osaühing Aarman Puit22,4 m €
2AS Roger Puit18,5 m €
3OÜ Artiston17,6 m €
4Osaühing KARO METS16,8 m €
5AS A&P Mets16,5 m €
6Timberston OÜ14,7 m €
7Expertline OÜ11,7 m €
8AS Lemeks Sadamad9,7 m €
9Murati Puit OÜ8,6 m €
10Lumbar OÜ8,2 m €
11Eesti Maavara OÜ6,5 m €
12OÜ Voore Mets6,3 m €
13Laikum OÜ6,2 m €
14osaühing "VILKEST"5,0 m €
15OÜ AP Kinnistud4,7 m €
16Osaühing Starforest4,5 m €
17Multiland OÜ4,5 m €
18Dalgas AS3,8 m €
19OÜ Belforest Trade3,7 m €
20Rakvere Metsaühistu3,3 m €

Graanul Hake AS: place 25 /512

Similar size: Osaühing RAVILTOS, Osaühing Rainert RL, METSATERVENDUSE OSAÜHING, OÜ Pajaka Puit, Osaühing Pärna Metsad, aktsiaselts Lemeks Tartu, Palumetsa OÜ, Osaühing Sakala Põldur, Osaühing Robin Wood Trading

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Tegevusload

8 records

Activity licences (MTR and environmental)

FieldLicence numberValid from
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK07294418.08.2023 kuni 21.08.2029
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK07294518.08.2023 kuni 21.08.2029
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK05511418.09.2019 kuni 21.08.2029
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK05511518.09.2019 kuni 21.08.2029
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK05481123.08.2019 kuni 21.08.2029
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK05481223.08.2019 kuni 21.08.2029
Ühenduse tegevusloa kinnitatud ärakiri (veosevedu)RVSK05481323.08.2019 kuni 21.08.2029
VeoseveduRVTL00564622.08.2019 kuni 21.08.2029

History and notices

27
DateTypeContent
03.06.2025EntryAmendment entry
12.01.2024EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
30.11.2021EntryKommertspandi kustutamiskanne
30.11.2021Administrative orderKommertspandi kustutamiskanne
23.07.2019EntryAmendment entry
12.03.2018EntryKommertspandi muutmiskanne
17.01.2018EntryAmendment entry
30.11.2017EntryAmendment entry
20.10.2017EntryAmendment entry
09.10.2017Order to remedy deficienciesAmendment entry
28.09.2017EntryAmendment entry
31.08.2016EntryAmendment entry
11.11.2015EntryAmendment entry
23.09.2015Hoiatusmäärus sundlõpetamiseks: ebapiisav netovara
11.09.2015EntryAmendment entry
06.07.2015EntryKommertspandi muutmiskanne
30.05.2014EntryKommertspandi muutmiskanne
21.01.2014EntryAmendment entry
09.01.2014Order to remedy deficienciesAmendment entry
30.07.2013EntryKommertspandi avamiskanne
28.06.2011EntryMuutmiskanne ÄS § 525 lg 2 alusel
05.01.2011EntryAmendment entry
31.12.2010Order to remedy deficienciesAmendment entry
13.10.2008EntryAmendment entry
15.08.2008EntryAmendment entry
18.02.2008EntryAmendment entry
06.09.2007EntryFirst entry