Muhu Varahalduse OÜ

Active Registry code 11321368 OÜ Koguva küla Registered 4 Dec 2006

Muhu Varahalduse OÜ is a OÜ based in Koguva küla, registry code 11321368, status: active. Main activity: Logging. According to EMTA, turnover for Q3 2026 was €96 885 with 6 employees.

Turnover

96 885 €

↓ 51.9% vs Q2 2026

State taxes

14 675 €

↓ 13.6% vs Q2 2026

Labour taxes

13 675 €

↑ 26.0% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Forestry and logging · EMTAK 02

Turnover · Q3 2026 96 885 €

above 84% of companies

industry median 14 400 € · companies in the industry: 1 834
Labour taxes per employee 2 279 €

above 78% of companies

industry median 1 226 € · companies in the industry: 1 276
Revenue · 2025 752 488 €

above 93% of companies

industry median 29 224 € · companies in the industry: 2 730
Net profit margin · 2025 4.7 %

above 49% of companies

industry median 4.9 % · companies in the industry: 2 137

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 96 885 € · −51.9% vs Q2 2026 · industry median 14 400 € · above 84% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 2 279 € · +26.0% vs Q2 2026 · industry median 1 226 € · above 78% of the industry

Company
Industry median

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

Employees Q3 2026: 6 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 14 675 € · −13.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	96 885	14 675	13 675	6
Q2 2026	201 224	16 987	10 856	6
Q1 2026	417 546	44 594	10 119	5
Q4 2025	225 672	30 479	11 049	5
Q3 2025	183 474	22 611	11 410	5
Q2 2025	164 032	34 494	9 837	5
Q1 2025	120 684	32 223	11 891	5
Q4 2024	180 747	35 361	14 560	5
Q3 2024	135 597	23 663	9 124	6
Q2 2024	81 055	25 949	12 280	7
Q1 2024	111 251	21 125	14 681	7
Q4 2023	126 179	28 096	13 889	8
Q3 2023	163 531	40 050	17 780	8
Q2 2023	109 590	19 236	13 691	9
Q1 2023	153 852	20 365	14 056	9
Q4 2022	315 750	34 255	15 015	11
Q3 2022	178 793	30 904	14 564	10
Q2 2022	155 735	30 159	10 980	10
Q1 2022	82 423	16 453	10 225	10

Labour taxes per employee per month

760 €

Turnover per employee in the quarter

16 148 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 752 488 € · +56.2% vs 2024 · industry median 29 224 € · above 93% of the industry

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, € 2025: 35 414 € · −23.6% vs 2024 · industry median 275 € · above 87% of the industry

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: 4.7 % · −4.9 pp vs the year before · industry median 4.9 % · above 49% of the industry

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: 766 334 € · −0.4% vs 2024

Equity, € thousand 2025: 408 026 € · +9.5% vs 2024

Employees 2025: 5 · −28.6% vs 2024 · industry median 1 · above 88% of the industry

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, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	752 488	35 414	101 040	766 334	408 026	5
2024	481 710	46 327	123 747	769 322	372 612	7
2023	562 708	-37 545	156 726	778 670	326 285	9
2022	623 978	15 618	149 287	825 736	363 830	8
2021	459 180	17 102	120 362	848 933	348 212	8
2020	471 792	90 947	105 736	648 721	331 110	9
2019	532 478	29 969	128 698	609 007	240 163	9
2018	—	—	—	—	—	7
2017	—	—	—	—	—	6
2016	—	—	—	—	—	5
2015	—	—	—	—	—	5
2014	—	—	—	—	—	3
2013	—	—	—	—	—	3
2012	—	—	—	—	—	4
2011	—	—	—	—	—	3
2010	—	—	—	—	—	1
2009	—	—	—	—	—	0
2007	—	—	—	—	—	0
2006	—	—	—	—	—	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

4.7 %

Net profit / revenue

Return on equity (ROE)

8.7 %

Net profit / equity

Return on assets (ROA)

4.6 %

Net profit / assets

Equity ratio

53.2 %

Equity / assets

Debt ratio

46.8 %

Liabilities / assets

Current ratio

1.25

Current assets / current liabilities

Revenue per employee

150 498 €

Revenue / average full-time employees

Labour cost per employee per month

1 684 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	8 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	26 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	12 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	14 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	3 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Erkki Noor
Board member · since 4 Dec 2006

Right of representation

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

Owners

Erkki Noor
Natural person · 2 556 €

100%

Beneficial owners

Erkki Noor
Direct ownership · since 14 Sep 2018

Founders and other persons

Erkki Noor
Founder · 40 000 € · 13 Nov 2006

shared board members, owners or beneficial owners

Activities (EMTAK)

02201Logging Main
08122Manufacture of crushed stone
41001Construction of residential and non-residential buildings
42111Construction of roads and motorways
77321Rental and leasing of construction and civil engineering machinery and equipment
81301Landscape service activities

Rulings 7

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 30032578 / 7 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 30032578 / 6 2 Jul 2018	Amendment entry	In force 2 Jul 2018	PDF
Ä 30032578 / 5 14 Feb 2018	Amendment entry	In force 14 Feb 2018	PDF
Ä 30032578 / 4 19 Jan 2018	Amendment entry	In force 19 Jan 2018	PDF
Ä 30032578 / 3 19 Dec 2011	Amendment entry	In force 19 Dec 2011	PDF
Ä 32578 / 2 3 Dec 2008	Deletion of activities from the registry card	In force 3 Dec 2008	PDF
Ä 32578 4 Dec 2006	First entry	In force 4 Dec 2006	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Muhu Varahalduse OÜ

Position in the industry Forestry and logging · EMTAK 02

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 7