GM THERMOWOOD OÜ
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2025Summary: GM THERMOWOOD OÜ
What kind of company is it?
GM THERMOWOOD OÜ (registry code 14863928) is a private limited company (OÜ). The company was entered in the Commercial Register in 2019 and has been registered for 6 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is renting and leasing of other machinery, equipment and tangible goods n.e.c. (EMTAK 77399). The company is registered for VAT (VAT number EE102246474).
How is the company doing financially?
Revenue in financial year 2025 was 265 721 €, up 34,5% on the previous year (197 501 €). From 2020 to 2025, revenue grew by an average of 12,3% per year. Financial year 2025 ended with a loss of 53 712 €. The company was profitable in 4 of the 6 published financial years. In financial year 2025 the company had 4 employees (0 a year earlier). Revenue per employee was 66 430 €. At the end of financial year 2025, total assets were 476 667 € and equity 434 276 € (91,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 15 124 €, down 71,3% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 6058 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1930 € per month.
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 14.08.2026. 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 | 15 124 € | 2 | 6058 € |
| Q2 2026 | 69 760 € | 4 | 5291 € |
| Q1 2026 | 55 786 € | 4 | 5309 € |
| Q4 2025 | 49 482 € | 4 | 5329 € |
| Q3 2025 | 52 686 € | 4 | 6080 € |
| Q2 2025 | 82 180 € | 5 | 683 € |
| Q1 2025 | 81 826 € | 4 | 481 € |
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 197 006 | 182 550 | 855 727 | 197 501 | 265 721 |
| Net profit | 161 183 | 119 937 | 125 481 | −52 570 | −53 712 |
| Retained earnings | 131 457 | 292 640 | 412 577 | 538 058 | 485 488 |
| Total assets | 416 547 | 535 113 | 543 558 | 528 245 | 476 667 |
| Total liabilities | 121 407 | 120 036 | 3000 | 40 257 | 42 391 |
| Total equity | 295 140 | 415 077 | 540 558 | 487 988 | 434 276 |
| Employees | 0 | 0 | 0 | 0 | 4 |
| Average gross salary (monthly) | — | — | — | — | 546 |
| Calculated dividend | 0 | 0 | 0 | 0 | 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 obligations1 note6 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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