Mortec OÜ

Active Registry code 10566139 OÜ Tartu linn Registered 2 Sep 1999
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Mortec OÜ is a OÜ based in Tartu linn, registry code 10566139, status: active. Main activity: Silviculture and other forestry activities. According to EMTA, turnover for Q3 2026 was €17 266 with employees.

Turnover
17 266 €
↑ 31.0% vs Q2 2026
State taxes
2 705 €
↑ 394.5% vs Q2 2026
Labour taxes
0 €
Employees
—

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Forestry and logging · EMTAK 02

  • Turnover · Q3 2026 17 266 €
    industry median 14 400 € · companies in the industry: 1 834
  • Revenue · 2025 219 128 €
    industry median 29 224 € · companies in the industry: 2 730
  • Net profit margin · 2025 26.5 %
    industry median 4.9 % · companies in the industry: 2 137

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 17 266 € · +31.0% vs Q2 2026 · industry median 14 400 € · above 55% of the industry
050100150200Q4 2023 Company: 30 372 € Industry median: 18 002 €Q4·23Q1 2024 Company: 184 472 € Industry median: 20 304 €Q2 2024 Company: 152 927 € Industry median: 19 485 €Q2·24Q3 2024 Company: 105 010 € Industry median: 15 991 €Q4 2024 Company: 20 157 € Industry median: 20 393 €Q4·24Q1 2025 Company: 66 085 € Industry median: 19 023 €Q2 2025 Company: 124 936 € Industry median: 19 272 €Q2·25Q3 2025 Company: 6 691 € Industry median: 14 822 €Q4 2025 Company: 13 756 € Industry median: 18 964 €Q4·25Q1 2026 Company: 85 587 € Industry median: 17 087 €Q2 2026 Company: 13 178 € Industry median: 18 725 €Q2·26Q3 2026 Company: 17 266 € Industry median: 14 400 €Q3·260255075100125Q4 2024 Company: 20 157 € Industry median: 20 393 €Q1 2025 Company: 66 085 € Industry median: 19 023 €Q1·25Q2 2025 Company: 124 936 € Industry median: 19 272 €Q3 2025 Company: 6 691 € Industry median: 14 822 €Q3·25Q4 2025 Company: 13 756 € Industry median: 18 964 €Q1 2026 Company: 85 587 € Industry median: 17 087 €Q1·26Q2 2026 Company: 13 178 € Industry median: 18 725 €Q3 2026 Company: 17 266 € Industry median: 14 400 €Q3·26
  • Company
  • Industry median

Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.

State taxes, € Q3 2026: 2 705 € · +394.5% vs Q2 2026
010 00020 00030 00040 000Q4 2023 Company: 8 630 €Q4·23Q1 2024 Company: 35 599 €Q2 2024 Company: 26 481 €Q2·24Q3 2024 Company: 21 117 €Q4 2024 Company: 9 106 €Q4·24Q1 2025 Company: 18 735 €Q2 2025 Company: 17 891 €Q2·25Q3 2025 Company: —Q4 2025 Company: 8 384 €Q4·25Q1 2026 Company: 25 329 €Q2 2026 Company: 547 €Q2·26Q3 2026 Company: 2 705 €Q3·26010 00020 00030 000Q4 2024 Company: 9 106 €Q1 2025 Company: 18 735 €Q1·25Q2 2025 Company: 17 891 €Q3 2025 Company: —Q3·25Q4 2025 Company: 8 384 €Q1 2026 Company: 25 329 €Q1·26Q2 2026 Company: 547 €Q3 2026 Company: 2 705 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 17 266 2 705 — —
Q2 2026 13 178 547 — —
Q1 2026 85 587 25 329 — —
Q4 2025 13 756 8 384 — —
Q3 2025 6 691 — — —
Q2 2025 124 936 17 891 — —
Q1 2025 66 085 18 735 — —
Q4 2024 20 157 9 106 — —
Q3 2024 105 010 21 117 — —
Q2 2024 152 927 26 481 — —
Q1 2024 184 472 35 599 — —
Q4 2023 30 372 8 630 — —
Q3 2023 71 311 11 926 — —
Q2 2023 104 874 19 476 — —
Q1 2023 36 970 8 991 — —
Q4 2022 77 613 19 820 — —
Q3 2022 64 805 12 311 — —
Q2 2022 75 191 9 560 — —
Q1 2022 15 822 8 687 — —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 219 128 € · −49.2% vs 2024 · industry median 29 224 € · above 83% of the industry
01002003004005002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 96 242 € Industry median: 26 014 €20192020 Company: 260 838 € Industry median: 20 720 €20202021 Company: 146 802 € Industry median: 23 073 €20212022 Company: 236 207 € Industry median: 30 000 €20222023 Company: 264 206 € Industry median: 26 753 €20232024 Company: 431 573 € Industry median: 26 865 €20242025 Company: 219 128 € Industry median: 29 224 €202501002003004005002018 Company: — Industry median: —2019 Company: 96 242 € Industry median: 26 014 €20192020 Company: 260 838 € Industry median: 20 720 €2021 Company: 146 802 € Industry median: 23 073 €20212022 Company: 236 207 € Industry median: 30 000 €2023 Company: 264 206 € Industry median: 26 753 €20232024 Company: 431 573 € Industry median: 26 865 €2025 Company: 219 128 € Industry median: 29 224 €2025
  • Company
  • Industry median

Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 57 997 € · +236.3% vs 2024 · industry median 275 € · above 91% of the industry
-1 00001 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 438 281 € Industry median: 1 201 €20192020 Company: 1 431 035 € Industry median: 519 €20202021 Company: 3 060 355 € Industry median: 841 €20212022 Company: 2 880 076 € Industry median: 1 888 €20222023 Company: 248 127 € Industry median: 626 €20232024 Company: -42 550 € Industry median: 488 €20242025 Company: 57 997 € Industry median: 275 €2025-1 00001 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 438 281 € Industry median: 1 201 €20192020 Company: 1 431 035 € Industry median: 519 €2021 Company: 3 060 355 € Industry median: 841 €20212022 Company: 2 880 076 € Industry median: 1 888 €2023 Company: 248 127 € Industry median: 626 €20232024 Company: -42 550 € Industry median: 488 €2025 Company: 57 997 € Industry median: 275 €2025
  • Company
  • Industry median

Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 26.5 % · +36.3 pp vs the year before · industry median 4.9 % · above 76% of the industry
-50005001 0001 5002 0002 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 455.4 % Industry median: 8.6 %20192020 Company: 548.6 % Industry median: 6.8 %20202021 Company: 2 084.7 % Industry median: 8.1 %20212022 Company: 1 219.3 % Industry median: 11.3 %20222023 Company: 93.9 % Industry median: 6.9 %20232024 Company: -9.9 % Industry median: 6.0 %20242025 Company: 26.5 % Industry median: 4.9 %2025-50005001 0001 5002 0002 5002018 Company: — Industry median: —2019 Company: 455.4 % Industry median: 8.6 %20192020 Company: 548.6 % Industry median: 6.8 %2021 Company: 2 084.7 % Industry median: 8.1 %20212022 Company: 1 219.3 % Industry median: 11.3 %2023 Company: 93.9 % Industry median: 6.9 %20232024 Company: -9.9 % Industry median: 6.0 %2025 Company: 26.5 % Industry median: 4.9 %2025
  • Company
  • Industry median

Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 13 395 487 € · +0.5% vs 2024
05 00010 00015 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 6 556 920 €20192020 Company: 7 998 576 €20202021 Company: 11 051 703 €20212022 Company: 13 937 393 €20222023 Company: 13 381 955 €20232024 Company: 13 335 111 €20242025 Company: 13 395 487 €202505 00010 00015 0002018 Company: —2019 Company: 6 556 920 €20192020 Company: 7 998 576 €2021 Company: 11 051 703 €20212022 Company: 13 937 393 €2023 Company: 13 381 955 €20232024 Company: 13 335 111 €2025 Company: 13 395 487 €2025
Equity, € thousand 2025: 13 386 411 € · +0.4% vs 2024
05 00010 00015 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 6 551 371 €20192020 Company: 7 982 406 €20202021 Company: 11 042 761 €20212022 Company: 13 922 837 €20222023 Company: 13 370 964 €20232024 Company: 13 328 414 €20242025 Company: 13 386 411 €202505 00010 00015 0002018 Company: —2019 Company: 6 551 371 €20192020 Company: 7 982 406 €2021 Company: 11 042 761 €20212022 Company: 13 922 837 €2023 Company: 13 370 964 €20232024 Company: 13 328 414 €2025 Company: 13 386 411 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 120182019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02018 Company: 0 Industry median: 12019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 Industry median: 12025
  • Company
  • Industry median

Industry: Forestry and logging (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Assets, € Equity, € Employees
2025 219 128 57 997 13 395 487 13 386 411 0
2024 431 573 -42 550 13 335 111 13 328 414 0
2023 264 206 248 127 13 381 955 13 370 964 0
2022 236 207 2 880 076 13 937 393 13 922 837 0
2021 146 802 3 060 355 11 051 703 11 042 761 0
2020 260 838 1 431 035 7 998 576 7 982 406 0
2019 96 242 438 281 6 556 920 6 551 371 0
2018 — — — — 0
2017 — — — — 0
2016 — — — — 0
2015 — — — — 0
2014 — — — — 0
2013 — — — — 0
2012 — — — — 0
2011 — — — — 0
2010 — — — — 0
2009 — — — — 0
2008 — — — — 0
2007 — — — — 0
2006 — — — — 0
2005 — — — — 0
2004 — — — — 0
2003 — — — — 0
2002 — — — — 0
2001 — — — — 0
2000 — — — — 0

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin
26.5 %
Net profit / revenue
Return on equity (ROE)
0.4 %
Net profit / equity
Return on assets (ROA)
0.4 %
Net profit / assets
Equity ratio
99.9 %
Equity / assets
Debt ratio
0.1 %
Liabilities / assets
Current ratio
49.06
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jan 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 4 Feb 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jan 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 31 Jan 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 4 Feb 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 2 Feb 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 5 Mar 2020 Company’s own · audited e-Äriregister

Board

Right of representation

Any member of the management board may represent the private limited company in all transactions.

Owners

  • INTERNATIONAL FORESTRY INVESTMENTS ApS
    Legal person · 925 564 €

Beneficial owners

  • Kasper Thordahl Kronborg
    Member of a senior management body (management or supervisory board) · DNK · since 1 Apr 2026

Founders and other persons

  • Peeter Järve
    Founder · 40 000 € · 2 Sep 1999
  • Vello Mettis
    Audit firm · 10 Feb 2017
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 02101Silviculture and other forestry activities Main
  • 02401Support services to forestry
  • 68201Rental and operating of own or leased real estate
Rulings
Number, date Title Deadline State Document
Ä 20016069 / 21
10 Mar 2026
Amendment entry In force
10 Mar 2026
PDF
Ä 20016069 / M2
3 Mar 2026
Ruling to eliminate deficiencies 25 Mar 2026 Deficiencies eliminated
10 Mar 2026
PDF
Ä 20016069 / 20
2 Mar 2026
Amendment under Code of Civil Procedure § 595¹ (1) In force
2 Mar 2026
PDF
Ä 20016069 / M1
27 Feb 2026
Ruling to eliminate deficiencies 14 Mar 2026 Deficiencies eliminated
2 Mar 2026
PDF
Ä 20016069 / 19
20 May 2024
Amendment entry In force
20 May 2024
PDF
Ä 20016069 / 18
4 Dec 2023
Amendment entry In force
4 Dec 2023
PDF
Ä 20016069 / 17
13 Sep 2023
Amendment entry In force
13 Sep 2023
PDF
Ä 20016069 / 16
22 Aug 2023
Entry refused In force
7 Sep 2023
PDF
Ä 20016069 / 15
16 Aug 2023
Amendment entry In force
16 Aug 2023
PDF
Ä 20016069 / 14
12 Dec 2019
Amendment entry In force
12 Dec 2019
PDF
Ä 20016069 / 13
21 Aug 2019
Amendment under Commercial Code § 525 (2) In force
21 Aug 2019
PDF
Ä 20016069 / 12
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 20016069 / 11
19 Dec 2017
Amendment entry In force
19 Dec 2017
PDF
Ä 20016069 / 10
3 Dec 2017
Amendment entry In force
3 Dec 2017
PDF
Ä 20016069 / 9
14 Feb 2017
Amendment entry In force
14 Feb 2017
PDF
Ä 16069 / 8
10 Sep 2009
Amendment entry In force
10 Sep 2009
PDF
Ä 16069 / 7
9 Jul 2009
Amendment entry In force
9 Jul 2009
PDF
Ä 16069 / 6
3 Dec 2008
Deletion of activities from the registry card In force
19 Dec 2008
PDF
Ä 16069 / 5
24 Jan 2005
Amendment entry In force PDF
Ä 16069 / 4
2 Aug 2004
Amendment entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data