Westwood Energy OÜ
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2025Summary: Westwood Energy OÜ
What kind of company is it?
Westwood Energy OÜ (registry code 16595194) is a private limited company (OÜ). The company was entered in the Commercial Register in 2022 and has been registered for 4 years. Registered location: Kuremaa alevik, Jõgeva vald, Jõgeva 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 EE102546501).
How is the company doing financially?
Revenue in financial year 2025 was 4 065 778 €, up 1774% on the previous year (216 903 €). From 2022/23 to 2025, revenue grew by an average of 259% per year. Net profit for financial year 2025 was 529 399 € (13,0% of revenue). The company was profitable in 1 of the 3 published financial years. In financial year 2025 the company had 1 employees (0 a year earlier). Revenue per employee was 4 065 778 €. At the end of financial year 2025, total assets were 992 683 € and equity 486 828 € (49,0% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 343 748 €. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 22 719 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4520 € per month.
Who runs the company and who owns it?
The management board has 2 members. The sole owner of the company is Westwood Group OÜ.
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 12.06.2026. 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 343 748 € | 3 | 22 719 € |
| Q2 2026 | 525 € | 3 | 12 310 € |
| Q1 2026 | 0 € | 2 | 7771 € |
| Q4 2025 | 0 € | 1 | 0 € |
| Q3 2025 | 0 € | — | 0 € |
| Q2 2025 | 0 € | — | 0 € |
| Q1 2025 | 31 337 € | — | 0 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2023–2025
| 2022/23 | 2024 | 2025 | |
|---|---|---|---|
| Sales revenue | 314 619 | 216 903 | 4 065 778 |
| Net profit | −26 770 | −18 301 | 529 399 |
| Retained earnings | — | −26 770 | −45 071 |
| Total assets | 83 454 | 71 649 | 992 683 |
| Total liabilities | 107 724 | 114 220 | 505 855 |
| Total equity | −24 270 | −42 571 | 486 828 |
| Employees | 0 | 0 | 1 |
| Average gross salary (monthly) | — | — | 780 |
| Calculated dividend | — | 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 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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