Forest Reserves OÜ

Registered
11603960Private limited company (OÜ)Founded 2009

Key figures

6 472 003 €+52,0%
Revenue 2025
+8,4%
Average annual growth 2019–2025
05 m10 m15 m2019202020212022202320242025

Ratios

2025

Summary: Forest Reserves OÜ

What kind of company is it?

Forest Reserves OÜ (registry code 11603960) is a private limited company (OÜ). The company was entered in the Commercial Register in 2009 and has been registered for 17 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is support services to forestry (EMTAK 02401). The company is registered for VAT (VAT number EE101331746).

How is the company doing financially?

Revenue in financial year 2025 was 6 472 003 €, up 52,0% on the previous year (4 258 011 €). From 2019 to 2025, revenue grew by an average of 8,4% per year. Net profit for financial year 2025 was 944 028 € (14,6% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 3 employees (4 a year earlier). Revenue per employee was 2 157 334 €. At the end of financial year 2025, total assets were 16 446 229 € and equity 8 610 139 € (52,4% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 914 792 €, up 63,5% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 22 848 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 3460 € per month.

Who runs the company and who owns it?

The company has one management board member. The sole owner of the company is 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 02.07.2026. 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 2026914 792 €422 848 €
Q2 2026583 013 €417 881 €
Q1 2026301 987 €420 658 €
Q4 2025659 275 €419 460 €
Q3 2025559 389 €429 966 €
Q2 2025349 251 €421 621 €
Q1 2025−90 512 €423 452 €

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

Dividends

calculated
2025

Distributed as dividends 513 000 € (6% of distributable profit).

History
2025513 000 €
2024 ~694 943 €
2023504 839 €
2022460 752 €
2021 ~1 229 904 €
20200 €
Summary of financial statements2021–2025
20212022202320242025
Sales revenue13 319 8709 089 5604 657 2374 258 0116 472 003
Net profit2 182 8744 338 619705 632−766 453944 028
Retained earnings3 299 7065 021 8288 855 6088 866 2977 586 844
Total assets15 304 37519 754 45720 663 68019 023 00216 446 229
Total liabilities9 742 52810 314 74311 023 17310 843 8917 836 090
Total equity5 561 8479 439 7149 640 5078 179 1118 610 139
Employees65543
Average gross salary (monthly)———36684472
Calculated dividend1 229 904460 752504 839694 943513 000

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 note7 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
Filed late: 2023, 2024, 2025
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

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100%Forest Reserves OÜ2Jevgeni Smirnov
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

33 records

State aid and de minimis aid in total 38 357 € (2014–2025). Largest grantors: SA Keskkonnainvesteeringute Keskus (38 357 €).

Show all aid records (33)
2025100 €
20241874 €
20233378 €
20223879 €
20213094 €
20203053 €
20194322 €
20183304 €
GrantorPurposeAmountDate
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine100 €07.05.2025
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine100 €15.05.2024
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1774 €21.03.2024
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1401 €25.10.2023
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine242 €05.04.2023
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1735 €16.03.2023
SA Keskkonnainvesteeringute KeskusVäljaspool Natura 2000 võrgustiku ala asuvate erametsaalade looduskaitseliste piirangute hüvitamise toetus617 €10.11.2022
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1258 €07.10.2022
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine100 €29.04.2022
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine269 €31.03.2022
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1635 €16.03.2022
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1538 €08.10.2021
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1279 €17.03.2021
SA Keskkonnainvesteeringute KeskusErametsaomanike nõustamine80 €12.03.2021
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine197 €11.03.2021
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1119 €20.10.2020
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine1172 €03.04.2020
SA Keskkonnainvesteeringute KeskusMetsa uuendamine762 €26.03.2020
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1296 €17.10.2019
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine1266 €03.04.2019
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1761 €27.03.2019
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1555 €31.10.2018
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine1452 €04.04.2018
SA Keskkonnainvesteeringute KeskusMetsa uuendamine298 €20.03.2018
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1102 €09.11.2017
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine2795 €30.03.2017
SA Keskkonnainvesteeringute KeskusMetsa uuendamine3203 €27.03.2017
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1504 €03.11.2016
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine351 €04.04.2016
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1700 €24.03.2016
SA Keskkonnainvesteeringute KeskusMetsa uuendamine1610 €11.11.2015
SA Keskkonnainvesteeringute KeskusMetsa inventeerimine ja metsamajandamiskava koostamine2544 €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

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

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