Baltic Forest Master OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 109 550 € | 1 | 427 € |
| Q2 2026 | 311 934 € | 1 | 338 € |
| Q1 2026 | 96 480 € | 1 | 98 € |
| Q4 2025 | 265 437 € | — | 0 € |
| Q3 2025 | 40 127 € | — | 0 € |
| Q2 2025 | 309 504 € | — | 0 € |
| Q1 2025 | 222 433 € | — | 0 € |
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.
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 | 12 859 | 11 978 | 12 629 | 38 494 | 69 283 | 67 116 | 109 321 |
| Total non-current assets | 0 | 0 | 0 | 37 967 | 75 807 | 114 456 | 84 404 |
| Total assets | 12 859 | 11 978 | 12 629 | 76 461 | 145 090 | 181 572 | 193 725 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 0 | 60 | 66 | 26 238 | 56 701 | 55 221 | 15 652 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 0 | 60 | 66 | 26 238 | 56 701 | 55 221 | 15 652 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 8062 | 10 359 | 9418 | 10 063 | 47 723 | 65 888 | 123 851 |
| Profit for the year | 2297 | −941 | 645 | 37 660 | 38 166 | 57 963 | 51 722 |
| Total equity | 12 859 | 11 918 | 12 563 | 50 223 | 88 389 | 126 351 | 178 073 |
| Income statement | |||||||
| Sales revenue | 2342 | 45 149 | 109 803 | 397 158 | 989 713 | 834 295 | 776 281 |
| Operating profit | 2308 | −941 | 645 | 37 515 | 38 118 | 62 803 | 51 336 |
| EBITDA | — | — | — | 41 715 | 53 309 | 84 087 | 75 822 |
| Profit before income tax | 2297 | −941 | 645 | 37 660 | 38 166 | 62 963 | 51 722 |
| Profit for the reporting year | 2297 | −941 | 645 | 37 660 | 38 166 | 57 963 | 51 722 |
| Labour costs | 0 | 0 | 0 | 2347 | 0 | 0 | 0 |
| Depreciation of non-current assets | — | — | — | 4200 | 15 191 | 21 284 | 24 486 |
| Other indicators | |||||||
| Employees | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 20 001 | 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 obligationsAll clear
Data from public registers, not a credit rating.
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Public procurement
5 contractsPublic contracts won worth 20 790 € from 1 contracting authorities (21.02.2024–23.12.2025). Plus 3 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Võsasaetööd Kagu metsakasvatuse piirkonnas 2026-2027 · Põhja - Põlvamaa | Riigimetsa Majandamise Keskus | up to 659 178 € | 23.12.2025 |
| Istutustööd Kagu piirkonnas 2024 · Põhja - Põlvamaa | Riigimetsa Majandamise Keskus | up to 51 975 € | 21.02.2024 |
| Istutustööd Kagu piirkonnas 2024 · Edela - Tartumaa | Riigimetsa Majandamise Keskus | up to 31 185 € | 21.02.2024 |
| Istutustööd Kagu piirkonnas 2024 · Edela - Tartumaa | Riigimetsa Majandamise Keskus | up to 10 395 € | 21.02.2024 |
| Istutustööd Kagu piirkonnas 2024 · Loode- Tartumaa | Riigimetsa Majandamise Keskus | 20 790 € | 21.02.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Baltic Forest Master OÜ
Overview
Baltic Forest Master OÜ (registry code 12192424) is a private limited company (OÜ). The company was entered in the Commercial Register in 2011 and has been registered for 14 years. Registered location: Vilusi küla, Mustvee vald, Jõgeva 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 EE101499057).
Financial results
Revenue in financial year 2025 was 776 281 €, down 7,0% on the previous year (834 295 €). From 2019 to 2025, revenue grew by an average of 163% per year. Net profit for financial year 2025 was 51 722 € (6,7% 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 193 725 € and equity 178 073 € (91,9% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 109 550 €, up 173% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 427 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 450 € per month.
Management and owners
The company has one management board member. The sole owner of the company is 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 06.02.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.