Velve MT OÜ
RegisteredKey figures
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2025Summary: Velve MT OÜ
What kind of company is it?
Velve MT OÜ (registry code 12558546) is a private limited company (OÜ). The company was entered in the Commercial Register in 2013 and has been registered for 13 years. Registered location: Peetri alevik, Rae vald, Harju maakond. According to the latest annual report, the main activity is agency services for wholesale of timber and building materials (EMTAK 46131). The company is registered for VAT (VAT number EE101674610).
How is the company doing financially?
Revenue in financial year 2025 was 2 249 411 €, up 12,5% on the previous year (1 998 923 €). From 2019 to 2025, revenue grew by an average of 12,8% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 41 842 € (1,9% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 3 employees. Revenue per employee was 749 804 €. At the end of financial year 2025, total assets were 783 009 € and equity 476 887 € (60,9% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 1 079 605 €, up 48,4% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 29 182 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4360 € per month.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is SIA "Velve M.S. Tehnologijas".
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 12.05.2026. 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 | 1 079 605 € | 4 | 29 182 € |
| Q2 2026 | 1 110 146 € | 4 | 29 419 € |
| Q1 2026 | 735 728 € | 4 | 29 632 € |
| Q4 2025 | 669 063 € | 4 | 21 829 € |
| Q3 2025 | 727 665 € | 3 | 21 389 € |
| Q2 2025 | 651 807 € | 3 | 22 863 € |
| Q1 2025 | 387 563 € | 4 | 18 593 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 22 564 € (5% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 1 444 975 | 1 619 983 | 1 740 726 | 1 998 923 | 2 249 411 |
| Net profit | 182 851 | 33 519 | 118 777 | 87 782 | 41 842 |
| Retained earnings | 232 179 | 415 030 | 448 549 | 367 327 | 432 545 |
| Total assets | 673 330 | 768 832 | 662 586 | 797 108 | 783 009 |
| Total liabilities | 255 800 | 317 783 | 92 760 | 339 499 | 306 122 |
| Total equity | 417 530 | 451 049 | 569 826 | 457 609 | 476 887 |
| Employees | 3 | 3 | 3 | 3 | 3 |
| Average gross salary (monthly) | 2735 | 3120 | 3155 | 3526 | 4433 |
| Calculated dividend | 0 | 0 | 0 | 199 999 | 22 564 |
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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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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