ForestWay OÜ

Registered
14523782Private limited company (OÜ)Founded 2018

Key figures

5 572 934 €−15,4%
Revenue 2025
−3,5%
Average annual change 2018/19–2025
02,5 m5 m7,5 m10 m2018/19202020212022202320242025

Ratios

2025

Summary: ForestWay OÜ

What kind of company is it?

ForestWay OÜ (registry code 14523782) is a private limited company (OÜ). The company was entered in the Commercial Register in 2018 and has been registered for 8 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is wholesale of wood and primary wood products (EMTAK 46831). The company is registered for VAT (VAT number EE102091661).

How is the company doing financially?

Revenue in financial year 2025 was 5 572 934 €, down 15,4% on the previous year (6 585 796 €). From 2018/19 to 2025, revenue declined by an average of 3,5% per year. Net profit for financial year 2025 was 35 999 € (0,6% of revenue). The company was profitable in 4 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 2 369 012 € and equity 2 113 518 € (89,2% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 787 €, down 99,9% on the same quarter a year earlier.

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 25.06.2026. 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 2026787 €—0 €
Q2 202618 295 €—0 €
Q1 2026201 987 €——
Q4 2025792 641 €—0 €
Q3 2025788 976 €—0 €
Q2 2025344 321 €——
Q1 2025745 045 €—0 €

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

Summary of financial statements2021–2025
20212022202320242025
Sales revenue8 698 8338 011 1295 525 7066 585 7965 572 934
Net profit−8549591 4801 527 886−67 72035 999
Retained earnings34 42225 873617 3532 145 2402 077 519
Total assets2 165 4251 058 9302 162 0802 127 8202 369 012
Total liabilities2 139 552441 57716 84150 300255 494
Total equity25 873617 3532 145 2392 077 5202 113 518
Employees00000
Calculated dividend00000

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: 2024
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
100%ForestWay OÜIbrahim Elshal
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll
Annual reportsPDF, XBRL

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

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