ETENRU
RegisteredTartu County
Registry code
11540946
VAT number
EE101271602
Address
Tartu maakond, Tartu linn, Tartu linn, Vanemuise tn 21a, 51014
Registered
04.12.2008 · 17 yrs
Activity
Wholesale of wood, construction materials and sanitary equipment 46831
Additional activities
Holiday and other short-stay accommodation
Capital
2 556 €
Email
m•••@f•••.eeLog in to see
Phone
+372 •• ••••Log in to see
Website
www.forestextartu.ee from email
Business Register 05.10.2026
Sales revenue14,7 m €-14%2025 annual report
Profit42 636 €2025 annual report
Employees4Tax Board 2026 Q2
Average gross salary2 083 €estimate, Tax Board 2026 Q2
Labour taxes per quarter12 751 €Tax Board 2026 Q2
Cash1 006 €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months15,5 m €-25%Tax Board, last 4 quarters
State taxes 12 months784 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 3,8 mln €
4,8 M4,6 M6,1 M5,1 M2,5 M3,8 M5,5 M3,8 M
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
AAA
Excellent, very low risk
96 / 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
RatingAA → A → AAA
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 25% vs a year earlier
Notification when something changes
Add the rating badge to your website

The badge code is available to this company's verified account: verification uses a code we send to the company email in the Business Register. The badge updates itself and cannot be bought. Read more

Data

Board and owners

1 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Margus Kasemets2 companiesno tax debtPersonal ID ↗22.02.2011
Shareholders 1
Margus Kasemets100,0% 2 556 €02.09.2023
Beneficial owners 1
Margus Kasemets2 companiesno tax debtdirect holding19.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue6,7%
Labour taxes / revenue0,3%
Revenue per employee per month314 770 €
Gross salary (estimate)2 083 €
Net salary (estimate)1 721 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q23 777 243 €▼ 26%12 751 €252 226 €4
2026 Q15 457 711 €▼ 11%16 704 €245 936 €4
2025 Q43 788 543 €▼ 18%13 297 €206 417 €4
2025 Q32 462 226 €▼ 49%19 019 €79 763 €4
2025 Q25 110 867 €▼ 7%15 380 €282 194 €4
2025 Q16 143 555 €▲ 19%22 442 €222 628 €5
2024 Q44 593 588 €▲ 19%15 262 €93 747 €6
2024 Q34 801 063 €▲ 58%19 988 €298 417 €5
2024 Q25 469 534 €▼ 6%15 487 €364 787 €5
2024 Q15 148 678 €▼ 28%18 801 €203 834 €5
2023 Q43 862 342 €▼ 48%15 505 €144 290 €5
2023 Q33 047 635 €▼ 28%17 551 €157 012 €5
Show full history (18 quarters)
2023 Q25 844 751 €▲ 25%12 857 €302 184 €5
2023 Q17 148 948 €▲ 58%19 600 €237 214 €5
2022 Q47 460 818 €14 443 €263 431 €5
2022 Q34 251 937 €13 518 €101 106 €5
2022 Q24 668 515 €13 136 €189 763 €5
2022 Q14 533 982 €17 544 €237 043 €5

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 revenue14,7 m €▼ 14%17,1 m €▲ 8%15,8 m €▼ 23%20,4 m €▲ 78%11,4 m €
Profit42 636 €▼ 72%150 k €▲ 883%15 303 €▼ 97%520 k €▲ 451%94 294 €
Profit margin0,3%0,9%0,1%2,5%0,8%
Retained earnings1,1 m €▲ 12%1,0 m €▼ 3%1,0 m €▲ 84%571 k €▲ 15%498 k €
Cash1 006 €▼ 98%52 788 €▲ 266%14 405 €▲ 133%6 180 €▲ 51%4 095 €
Current assets1,4 m €▼ 27%1,9 m €▲ 11%1,7 m €▼ 37%2,8 m €▲ 65%1,7 m €
Fixed assets834 k €▲ 18%704 k €▼ 17%849 k €▲ 69%501 k €▼ 13%573 k €
Assets2,2 m €▼ 15%2,6 m €▲ 2%2,6 m €▼ 21%3,3 m €▲ 46%2,2 m €
Current liabilities1,1 m €▼ 27%1,5 m €▼ 2%1,5 m €▼ 31%2,2 m €▲ 42%1,5 m €
Long-term liabilities15 648 €▼ 37%24 811 €▼ 26%33 454 €0 €▼ 100%117 k €
Total liabilities1,1 m €▼ 28%1,5 m €▼ 3%1,5 m €▼ 30%2,2 m €▲ 32%1,6 m €
Equity1,2 m €▲ 1%1,2 m €▲ 9%1,1 m €▼ 2%1,1 m €▲ 84%596 k €
Labour costs-158 k €▲ 5%-167 k €▼ 5%-159 k €▼ 15%-138 k €▼ 18%-117 k €
Employees4▼ 20%5▼ 38%8▲ 100%40%4
Filed13.05.202626.05.202517.06.202405.06.202323.05.2022
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
Wholesale of wood, construction materials and sanitary equipment main activity4683114 701 394 €100%
Holiday and other short-stay accommodation552051 470 €0%

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

none

No transactions with state agencies, procurement contracts or grants found

RTK Saldo, Riigihangete register, RTK toetatud projektid

Holdings in other companies

1
CompanyCodeHoldingSinceRevenue
Forestex OÜ11896488100,0%02.09.20231 605 €

Business Register

Companies linked via the board

1

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Puidu ja puidu esmatöötlustoodete hulgimüük

20

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

Pandid, domeenid

3 records

Commercial pledges

NumberPandipidajaAmountSince
2Swedbank AS75 000 €13.07.2015
1Swedbank AS195 000 €05.12.2013

Domains

DomainSource
forestextartu.eeemail

History and notices

15
DateTypeContent
02.09.2023EntryAmendment entry
14.04.2022EntryKommertspandi muutmiskanne
14.04.2022EntryKommertspandi muutmiskanne
19.01.2018EntryAmendment entry
23.12.2017EntryAmendment entry
04.12.2017EntryAmendment entry
13.07.2015EntryKommertspandi muutmiskanne
13.07.2015EntryKommertspandi avamiskanne
12.07.2015Order to remedy deficienciesKommertspandi avamiskanne
05.12.2013EntryKommertspandi avamiskanne
26.11.2013Order to remedy deficienciesKommertspandi avamiskanne
21.10.2011EntryAmendment entry
17.10.2011Order to remedy deficienciesAmendment entry
22.02.2011Kandemäärus muu kohtulahendi täitmiseksAmendment entry
04.12.2008EntryFirst entry