Mortec OÜ

Registered
10566139Private limited company (OÜ)Founded 1999

Key figures

219 128 €−49,2%
Revenue 2025
+14,7%
Average annual growth 2019–2025
0200 k400 k600 k2019202020212022202320242025

Ratios

2025

Summary: Mortec OÜ

What kind of company is it?

Mortec OÜ (registry code 10566139) is a private limited company (OÜ). The company was entered in the Commercial Register in 1999 and has been registered for 27 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is silviculture and other forestry activities (EMTAK 02101). The company is registered for VAT (VAT number EE100561012).

How is the company doing financially?

Revenue in financial year 2025 was 219 128 €, down 49,2% on the previous year (431 573 €). From 2019 to 2025, revenue grew by an average of 14,7% per year. Net profit for financial year 2025 was 57 997 € (26,5% of revenue). The company was profitable in 6 of the 7 published financial years. According to the report, the company had no employees in financial year 2025. At the end of financial year 2025, total assets were 13 395 487 € and equity 13 386 411 € (99,9% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 17 266 €, up 158% on the same quarter a year earlier.

Who runs the company and who owns it?

The management board has 2 members. The sole owner of the company is INTERNATIONAL FORESTRY INVESTMENTS ApS.

Where does the data come from and how fresh is it?

Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 30.01.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 202617 266 €—0 €
Q2 202613 178 €—0 €
Q1 202685 587 €—0 €
Q4 202513 756 €—0 €
Q3 20256691 €——
Q2 2025124 936 €—0 €
Q1 202566 085 €—0 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Dividends

calculated
2025

No dividends were distributed.

History
dividend other equity decrease
20250 €
20240 €
20230 €+800 000 € other
20220 €
20210 €
20200 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue146 807236 207264 206431 573219 128
Net profit3 060 3552 880 076248 127−42 55057 997
Retained earnings5 468 1738 528 52811 411 16011 659 28711 616 737
Total assets11 051 70313 937 39313 381 95513 335 11113 395 487
Total liabilities894214 55610 99166979076
Total equity11 042 76113 922 83713 370 96413 328 41413 386 411
Employees00000
Calculated dividend00000

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Risks and obligationsAll clear
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
All on time
Business Register · 2023–2025
Auditor's opinion
Unqualified
Business Register · 2025 annual report
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

Click a node to see its other connections.

100%Mortec OÜINTERNATIONAL FORESTR…Kasper Thordahl Kronb…9REDA VELDE
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

38 records

State aid and de minimis aid in total 58 619 € (2014–2026). Largest grantors: SA Keskkonnainvesteeringute Keskus (58 619 €).

Show all aid records (38)
20269435 €
202511 366 €
20246756 €
20232223 €
20224483 €
20219342 €
20202084 €
20193352 €
GrantorPurposeAmountDate
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1272 €30.09.2026
SA Keskkonnainvesteeringute KeskusMetsa uuendamine2930 €19.03.2026
SA Keskkonnainvesteeringute KeskusMetsamaaparandustööd4765 €25.02.2026
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine468 €11.02.2026
SA Keskkonnainvesteeringute KeskusMetsa uuendamine7001 €27.10.2025
SA Keskkonnainvesteeringute KeskusMetsa uuendamine259 €08.04.2025
SA Keskkonnainvesteeringute KeskusMetsa uuendamine4107 €26.03.2025
SA Keskkonnainvesteeringute KeskusMetsamaaparandustööd4071 €28.11.2024
SA Keskkonnainvesteeringute KeskusMetsa uuendamine2376 €14.10.2024
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine309 €04.04.2024
SA Keskkonnainvesteeringute KeskusMetsa uuendamine760 €25.10.2023
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine242 €05.04.2023
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1221 €16.03.2023
SA Keskkonnainvesteeringute KeskusVäljaspool Natura 2000 võrgustiku ala asuvate erametsaalade looduskaitseliste piirangute hüvitamise toetus2479 €10.11.2022
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine100 €02.05.2022
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine269 €31.03.2022
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1635 €16.03.2022
SA Keskkonnainvesteeringute KeskusMetsamaaparandustööd6248 €21.12.2021
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1538 €08.10.2021
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine80 €07.04.2021
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1279 €17.03.2021
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine197 €11.03.2021
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1119 €19.10.2020
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine965 €03.04.2020
SA Keskkonnainvesteeringute KeskusMetsamaaparandustööd598 €29.11.2019
SA Keskkonnainvesteeringute KeskusMetsa uuendamine442 €17.10.2019
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine1266 €03.04.2019
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1046 €27.03.2019
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1555 €31.10.2018
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine1981 €04.04.2018
SA Keskkonnainvesteeringute KeskusMetsa uuendamine378 €20.03.2018
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1415 €09.11.2017
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine1053 €30.03.2017
SA Keskkonnainvesteeringute KeskusMetsa uuendamine499 €27.03.2017
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine351 €04.04.2016
SA Keskkonnainvesteeringute KeskusMetsa uuendamine499 €29.03.2016
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine1304 €04.06.2015
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine544 €10.09.2014

Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗

Annual reportsPDF, XBRL

Loading list of reports…

Source: e-Business Register (RIK). Files open/download directly from the official register.

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Same address

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