FORWEX ESTONIA OÜRegistered
Key figures
424 903 €−20,9%
Revenue 2025
+5,7%
Average annual growth 2019–2025
Ratios
2025−13,8%
Profit margin
−10,4%
EBITDA margin
92,4%
Equity ratio
14×
Current ratio
−10,1%
Return on equity
2590 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 115 848 € | 2 | 8370 € |
| Q1 2026 | 61 146 € | 2 | 8805 € |
| Q4 2025 | 206 966 € | 2 | 7592 € |
| Q3 2025 | 180 470 € | 2 | 7675 € |
| Q2 2025 | 110 958 € | 2 | 7810 € |
| Q1 2025 | 148 627 € | 2 | 9460 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 15 000 € (2% of distributable profit).
History
202515 000 €
20240 €
20230 €
202230 000 €
202127 500 €
202042 000 €
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 | 408 184 | 708 855 | 564 184 | 519 741 | 625 913 | 487 882 | 373 013 |
| Total non-current assets | — | — | 9515 | 113 384 | 165 535 | 270 878 | 257 688 |
| Total assets | 408 184 | 708 855 | 573 699 | 633 125 | 791 448 | 758 760 | 630 701 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 233 634 | 249 428 | 61 002 | 31 020 | 62 418 | 75 728 | 25 805 |
| Non-current liabilities | — | — | — | — | 31 069 | 26 798 | 22 226 |
| Total liabilities | 233 634 | 249 428 | 61 002 | 31 020 | 93 487 | 102 526 | 48 031 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 120 061 | 130 050 | 429 427 | 480 197 | 599 605 | 695 461 | 638 734 |
| Profit for the year | 51 989 | 326 877 | 80 770 | 119 408 | 95 856 | −41 727 | −58 564 |
| Total equity | 174 550 | 459 427 | 512 697 | 602 105 | 697 961 | 656 234 | 582 670 |
| Income statement | |||||||
| Sales revenue | 304 492 | 1 365 676 | 2 248 042 | 2 416 828 | 915 973 | 537 256 | 424 903 |
| Operating profit | 60 216 | 338 108 | 84 566 | 127 979 | 95 060 | −44 133 | −58 320 |
| EBITDA | — | — | 84 724 | 128 189 | 106 352 | −30 432 | −44 122 |
| Profit before income tax | 59 145 | 336 861 | 84 844 | 126 917 | 95 856 | −41 727 | −54 333 |
| Profit for the reporting year | 51 989 | 326 877 | 80 770 | 119 408 | 95 856 | −41 727 | −58 564 |
| Labour costs | 0 | 7980 | 87 722 | 81 206 | 86 654 | 63 049 | 73 653 |
| Depreciation of non-current assets | — | — | 158 | 210 | 11 292 | 13 701 | 14 198 |
| Other indicators | |||||||
| Employees | 0 | 2 | 2 | 2 | 2 | 2 | 2 |
| Calculated dividend | — | 42 000 | 27 500 | 30 000 | 0 | 0 | 15 000 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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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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