MFO OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 5 633 082 € | 8 | 45 088 € |
| Q2 2026 | 6 718 288 € | 8 | 42 910 € |
| Q1 2026 | 6 866 257 € | 8 | 66 383 € |
| Q4 2025 | 7 543 660 € | 8 | 49 620 € |
| Q3 2025 | 6 904 872 € | 8 | 45 622 € |
| Q2 2025 | 9 967 038 € | 7 | 46 619 € |
| Q1 2025 | 7 805 096 € | 8 | 48 651 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 100 000 € (1% of distributable profit).
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 5 047 130 | 6 311 699 | 4 507 945 | 5 025 468 | 10 138 920 | 8 491 909 | 8 498 916 |
| Total non-current assets | 1 198 339 | 1 292 903 | 2 337 879 | 2 804 647 | 3 282 798 | 3 918 691 | 4 327 722 |
| Total assets | 6 245 469 | 7 604 602 | 6 845 824 | 7 830 115 | 13 421 718 | 12 410 600 | 12 826 638 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 2 640 225 | 3 400 947 | 2 069 206 | 1 489 449 | 5 334 560 | 4 068 657 | 4 172 051 |
| Non-current liabilities | 97 725 | 66 122 | 60 750 | 114 593 | 92 382 | 181 714 | 181 471 |
| Total liabilities | 2 737 950 | 3 467 069 | 2 129 956 | 1 604 042 | 5 426 942 | 4 250 371 | 4 353 522 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 2 815 540 | 3 452 659 | 4 081 451 | 4 559 702 | 6 117 515 | 7 895 502 | 8 057 729 |
| Profit for the year | 689 479 | 682 374 | 631 917 | 1 663 871 | 1 874 761 | 262 227 | 412 887 |
| Total equity | 3 507 519 | 4 137 533 | 4 715 868 | 6 226 073 | 7 994 776 | 8 160 229 | 8 473 116 |
| Income statement | |||||||
| Sales revenue | 16 623 660 | 11 155 422 | 15 939 723 | 18 001 629 | 18 783 816 | 16 565 689 | 17 860 564 |
| Operating profit | 752 948 | 777 004 | 727 632 | 1 768 942 | 2 084 142 | 492 657 | 568 214 |
| EBITDA | 843 847 | 886 373 | 847 185 | 1 948 713 | 2 288 243 | 747 256 | 825 982 |
| Profit before income tax | 700 817 | 692 524 | 640 850 | 1 697 720 | 1 893 729 | 277 981 | 441 092 |
| Profit for the reporting year | 689 479 | 682 374 | 631 917 | 1 663 871 | 1 874 761 | 262 227 | 412 887 |
| Labour costs | 96 708 | 198 945 | 229 951 | 250 254 | 340 242 | 354 574 | 473 587 |
| Depreciation of non-current assets | 90 899 | 109 369 | 119 553 | 179 771 | 204 101 | 254 599 | 257 768 |
| Other indicators | |||||||
| Employees | 4 | 5 | 5 | 6 | 6 | 7 | 8 |
| Calculated dividend | — | 52 360 | 53 582 | 153 666 | 106 058 | 96 774 | 100 000 |
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 obligationsAll clear
Data from public registers, not a credit rating.
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Public procurement
3 contractsPublic contracts won worth 215 238 € from 1 contracting authorities (10.11.2023–14.06.2024).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Harvesteri ja forvarderi hooajaline rentimine 2024-2028 · Forvarder | Luua Metsanduskool | 77 440 € | 14.06.2024 |
| Harvesteri ja forvarderi hooajaline rentimine 2024-2028 · Harvester | Luua Metsanduskool | 92 448 € | 14.06.2024 |
| Metsamasina- ja metsaväljaveo autojuhiõppe simulaatorid · Metsamasina simulaator | Luua Metsanduskool | 45 350 € | 10.11.2023 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: MFO OÜ
Overview
MFO OÜ (registry code 12129578) is a private limited company (OÜ). The company was entered in the Commercial Register in 2011 and has been registered for 15 years. Registered location: Vilusi küla, Mustvee vald, Jõgeva maakond. According to the latest annual report, the main activity is non-specialised wholesale agency services (EMTAK 46191). The company is registered for VAT (VAT number EE101497680).
Financial results
Revenue in financial year 2025 was 17 860 564 €, up 7,8% on the previous year (16 565 689 €). From 2019 to 2025, revenue grew by an average of 1,2% per year. Net profit for financial year 2025 was 412 887 € (2,3% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 8 employees (7 a year earlier). Revenue per employee was 2 232 571 €. At the end of financial year 2025, total assets were 12 826 638 € and equity 8 473 116 € (66,1% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 5 633 082 €, down 18,4% on the same quarter a year earlier. The company had 8 employees in that quarter. Labour taxes paid in the quarter: 45 088 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 3420 € per month.
Management and owners
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
Data sources and freshness
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 04.02.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (2549003HSOW9S5YO0283) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.