Wellmax Baltic OÜ
RegisteredKey figures
Ratios
2025Summary: Wellmax Baltic OÜ
What kind of company is it?
Wellmax Baltic OÜ (registry code 11403020) is a private limited company (OÜ). The company was entered in the Commercial Register in 2007 and has been registered for 19 years. Registered location: Kurtna küla, Alutaguse vald, Ida-Viru maakond. According to the latest annual report, the main activity is sawing and planing of wood (EMTAK 16111). The company is registered for VAT (VAT number EE101160506).
How is the company doing financially?
Revenue in financial year 2025 was 778 790 €, down 28,0% on the previous year (1 081 506 €). From 2019 to 2025, revenue declined by an average of 20,2% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 70 694 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 7 employees (6 a year earlier). Revenue per employee was 111 256 €. At the end of financial year 2025, total assets were 1 563 761 € and equity 976 507 € (62,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 283 544 €, up 19,9% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 8147 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1750 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 3 owners. The largest stake (50%) is held by a private individual.
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 30.06.2026. 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 283 544 € | 3 | 8147 € |
| Q2 2026 | 217 857 € | 8 | 15 550 € |
| Q1 2026 | 192 716 € | 8 | 15 581 € |
| Q4 2025 | 187 925 € | 8 | 14 783 € |
| Q3 2025 | 236 573 € | 8 | 11 784 € |
| Q2 2025 | 369 616 € | 7 | 10 336 € |
| Q1 2025 | 153 991 € | 8 | 10 426 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 6 153 773 | 4 164 731 | 1 229 104 | 1 081 506 | 778 790 |
| Net profit | 392 184 | 220 616 | 64 420 | −42 527 | −70 694 |
| Retained earnings | 598 356 | 841 898 | 971 062 | 1 035 483 | 992 956 |
| Total assets | 2 885 243 | 2 275 607 | 2 007 437 | 1 671 227 | 1 563 761 |
| Total liabilities | 1 840 458 | 1 158 848 | 917 710 | 624 026 | 587 254 |
| Total equity | 1 044 785 | 1 116 759 | 1 089 727 | 1 047 201 | 976 507 |
| Employees | 12 | 12 | 7 | 6 | 7 |
| Average gross salary (monthly) | 1056 | 1032 | 1186 | 1319 | 1222 |
| Calculated dividend | 103 599 | 148 642 | 91 452 | 0 | 0 |
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 obligations1 issue1 for information6 clear
Data from public registers, not a credit rating.
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State aid and grants
21 recordsState aid and de minimis aid in total 412 813 € (2017–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (299 513 €), Põllumajanduse Registrite ja Informatsiooni Amet (47 878 €), Elering AS (37 435 €), Maaelu Edendamise SA (15 056 €).
Show all aid records (21)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Maaelu Edendamise SA | Muu · Guarantee | 2358 €* | 14.07.2026 |
| Põllumajanduse Registrite ja Informatsiooni Amet | Investeeringud | 47 878 € | 15.09.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 8532 € | 16.04.2024 |
| Maaelu Edendamise SA | Muu · Guarantee | 4855 €* | 22.02.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 11 761 € | 02.02.2024 |
| Maaelu Edendamise SA | Muu · Guarantee | 2890 €* | 23.03.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 12 360 € | 20.03.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 1100 € | 28.07.2022 |
| Maaelu Edendamise SA | Muu · Guarantee | 3468 €* | 05.07.2022 |
| Maaelu Edendamise SA | Investeeringud · Guarantee | 252 €* | 19.01.2022 |
| Eesti Töötukassa | Palgatoetus VTA | 2165 € | 07.07.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 625 € | 22.03.2021 |
| Eesti Töötukassa | Palgatoetus VTA | 3285 € | 20.11.2020 |
| Elering AS | Muu | 37 100 € | 29.05.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.3 "Laenude subsideeritud intressimäärana antav abi" · Soft loan | 260 000 € | 21.05.2020 |
| Elering AS | Muu | 335 € | 30.04.2020 |
| Eesti Töötukassa | Palgatoetus VTA | 3314 € | 16.01.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 0 € | 12.11.2019 |
| Eesti Töötukassa | Palgatoetus VTA | 3542 € | 29.08.2017 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 5760 € | 16.03.2017 |
| Maaelu Edendamise SA | Muu · Guarantee | 1233 €* | 14.02.2017 |
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
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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