Wellmax Baltic OÜ

Active Registry code 11403020 OÜ Kurtna küla Registered 12 Jul 2007
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Wellmax Baltic OÜ is a OÜ based in Kurtna küla, registry code 11403020, status: active. Main activity: Sawmilling and planing of wood. According to EMTA, turnover for Q3 2026 was €283 544 with 3 employees.

Turnover
283 544 €
↑ 30.2% vs Q2 2026
State taxes
11 060 €
↓ 28.0% vs Q2 2026
Labour taxes
8 147 €
↓ 47.6% vs Q2 2026
Employees
3
−5 vs Q2 2026

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

Position in the industry Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · EMTAK 16

  • Turnover · Q3 2026 283 544 €
    industry median 42 609 € · companies in the industry: 968
  • Labour taxes per employee 2 716 €
    industry median 1 604 € · companies in the industry: 774
  • Revenue · 2025 778 790 €
    industry median 44 569 € · companies in the industry: 1 338
  • Net profit margin · 2025 -9.1 %
    industry median 2.0 % · companies in the industry: 1 072

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 283 544 € · +30.2% vs Q2 2026 · industry median 42 609 € · above 77% of the industry
0200400600800Q4 2023 Company: 485 493 € Industry median: 43 427 €Q4·23Q1 2024 Company: 251 255 € Industry median: 39 178 €Q2 2024 Company: 689 982 € Industry median: 42 653 €Q2·24Q3 2024 Company: 448 280 € Industry median: 38 674 €Q4 2024 Company: 153 422 € Industry median: 45 211 €Q4·24Q1 2025 Company: 153 991 € Industry median: 37 584 €Q2 2025 Company: 369 616 € Industry median: 43 322 €Q2·25Q3 2025 Company: 236 573 € Industry median: 41 462 €Q4 2025 Company: 187 925 € Industry median: 42 366 €Q4·25Q1 2026 Company: 192 716 € Industry median: 42 117 €Q2 2026 Company: 217 857 € Industry median: 49 062 €Q2·26Q3 2026 Company: 283 544 € Industry median: 42 609 €Q3·260100200300400Q4 2024 Company: 153 422 € Industry median: 45 211 €Q1 2025 Company: 153 991 € Industry median: 37 584 €Q1·25Q2 2025 Company: 369 616 € Industry median: 43 322 €Q3 2025 Company: 236 573 € Industry median: 41 462 €Q3·25Q4 2025 Company: 187 925 € Industry median: 42 366 €Q1 2026 Company: 192 716 € Industry median: 42 117 €Q1·26Q2 2026 Company: 217 857 € Industry median: 49 062 €Q3 2026 Company: 283 544 € Industry median: 42 609 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 716 € · +39.7% vs Q2 2026 · industry median 1 604 € · above 75% of the industry
01 0002 0003 000Q4 2023 Company: 1 733 € Industry median: 1 444 €Q4·23Q1 2024 Company: 1 067 € Industry median: 1 344 €Q2 2024 Company: 1 065 € Industry median: 1 393 €Q2·24Q3 2024 Company: 1 241 € Industry median: 1 466 €Q4 2024 Company: 1 210 € Industry median: 1 526 €Q4·24Q1 2025 Company: 1 303 € Industry median: 1 531 €Q2 2025 Company: 1 477 € Industry median: 1 528 €Q2·25Q3 2025 Company: 1 473 € Industry median: 1 626 €Q4 2025 Company: 1 848 € Industry median: 1 635 €Q4·25Q1 2026 Company: 1 948 € Industry median: 1 561 €Q2 2026 Company: 1 944 € Industry median: 1 556 €Q2·26Q3 2026 Company: 2 716 € Industry median: 1 604 €Q3·2601 0002 0003 000Q4 2024 Company: 1 210 € Industry median: 1 526 €Q1 2025 Company: 1 303 € Industry median: 1 531 €Q1·25Q2 2025 Company: 1 477 € Industry median: 1 528 €Q3 2025 Company: 1 473 € Industry median: 1 626 €Q3·25Q4 2025 Company: 1 848 € Industry median: 1 635 €Q1 2026 Company: 1 948 € Industry median: 1 561 €Q1·26Q2 2026 Company: 1 944 € Industry median: 1 556 €Q3 2026 Company: 2 716 € Industry median: 1 604 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 3 · −62.5% vs Q2 2026
0246810Q4 2023 Company: 7Q4·23Q1 2024 Company: 8Q2 2024 Company: 9Q2·24Q3 2024 Company: 9Q4 2024 Company: 9Q4·24Q1 2025 Company: 8Q2 2025 Company: 7Q2·25Q3 2025 Company: 8Q4 2025 Company: 8Q4·25Q1 2026 Company: 8Q2 2026 Company: 8Q2·26Q3 2026 Company: 3Q3·260246810Q4 2024 Company: 9Q1 2025 Company: 8Q1·25Q2 2025 Company: 7Q3 2025 Company: 8Q3·25Q4 2025 Company: 8Q1 2026 Company: 8Q1·26Q2 2026 Company: 8Q3 2026 Company: 3Q3·26
State taxes, € Q3 2026: 11 060 € · −28.0% vs Q2 2026
010 00020 00030 00040 000Q4 2023 Company: 19 652 €Q4·23Q1 2024 Company: 8 892 €Q2 2024 Company: 39 857 €Q2·24Q3 2024 Company: 20 644 €Q4 2024 Company: 9 572 €Q4·24Q1 2025 Company: 11 251 €Q2 2025 Company: 10 435 €Q2·25Q3 2025 Company: 8 829 €Q4 2025 Company: 27 806 €Q4·25Q1 2026 Company: 5 467 €Q2 2026 Company: 15 369 €Q2·26Q3 2026 Company: 11 060 €Q3·26010 00020 00030 000Q4 2024 Company: 9 572 €Q1 2025 Company: 11 251 €Q1·25Q2 2025 Company: 10 435 €Q3 2025 Company: 8 829 €Q3·25Q4 2025 Company: 27 806 €Q1 2026 Company: 5 467 €Q1·26Q2 2026 Company: 15 369 €Q3 2026 Company: 11 060 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 283 544 11 060 8 147 3
Q2 2026 217 857 15 369 15 550 8
Q1 2026 192 716 5 467 15 581 8
Q4 2025 187 925 27 806 14 783 8
Q3 2025 236 573 8 829 11 784 8
Q2 2025 369 616 10 435 10 336 7
Q1 2025 153 991 11 251 10 426 8
Q4 2024 153 422 9 572 10 892 9
Q3 2024 448 280 20 644 11 171 9
Q2 2024 689 982 39 857 9 582 9
Q1 2024 251 255 8 892 8 538 8
Q4 2023 485 493 19 652 12 128 7
Q3 2023 326 038 46 706 14 227 8
Q2 2023 439 830 49 847 13 231 10
Q1 2023 603 176 20 172 13 382 9
Q4 2022 457 282 2 349 13 472 10
Q3 2022 680 460 62 132 20 808 12
Q2 2022 1 927 479 20 844 22 714 16
Q1 2022 1 659 004 29 091 19 792 16
Labour taxes per employee per month
905 €
Turnover per employee in the quarter
94 515 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 778 790 € · −28.0% vs 2024 · industry median 44 569 € · above 80% of the industry
02 0004 0006 0008 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 3 014 213 € Industry median: 60 904 €20192020 Company: 4 949 174 € Industry median: 53 378 €20202021 Company: 6 153 773 € Industry median: 56 581 €20212022 Company: 4 164 731 € Industry median: 60 349 €20222023 Company: 1 229 104 € Industry median: 46 749 €20232024 Company: 1 081 506 € Industry median: 39 981 €20242025 Company: 778 790 € Industry median: 44 569 €202502 0004 0006 0008 0002018 Company: — Industry median: —2019 Company: 3 014 213 € Industry median: 60 904 €20192020 Company: 4 949 174 € Industry median: 53 378 €2021 Company: 6 153 773 € Industry median: 56 581 €20212022 Company: 4 164 731 € Industry median: 60 349 €2023 Company: 1 229 104 € Industry median: 46 749 €20232024 Company: 1 081 506 € Industry median: 39 981 €2025 Company: 778 790 € Industry median: 44 569 €2025
  • Company
  • Industry median

Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -70 694 € · −66.2% vs 2024 · industry median 162 € · above 2% of the industry
-10001002003004002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 102 033 € Industry median: 1 078 €20192020 Company: 285 309 € Industry median: 611 €20202021 Company: 392 184 € Industry median: 1 731 €20212022 Company: 220 616 € Industry median: 1 354 €20222023 Company: 64 420 € Industry median: 156 €20232024 Company: -42 527 € Industry median: 21 €20242025 Company: -70 694 € Industry median: 162 €2025-10001002003004002018 Company: — Industry median: —2019 Company: 102 033 € Industry median: 1 078 €20192020 Company: 285 309 € Industry median: 611 €2021 Company: 392 184 € Industry median: 1 731 €20212022 Company: 220 616 € Industry median: 1 354 €2023 Company: 64 420 € Industry median: 156 €20232024 Company: -42 527 € Industry median: 21 €2025 Company: -70 694 € Industry median: 162 €2025
  • Company
  • Industry median

Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -9.1 % · −5.1 pp vs the year before · industry median 2.0 % · above 20% of the industry
-10-505102016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 3.4 % Industry median: 3.8 %20192020 Company: 5.8 % Industry median: 3.5 %20202021 Company: 6.4 % Industry median: 5.3 %20212022 Company: 5.3 % Industry median: 5.2 %20222023 Company: 5.2 % Industry median: 2.4 %20232024 Company: -3.9 % Industry median: 1.6 %20242025 Company: -9.1 % Industry median: 2.0 %2025-10-505102018 Company: — Industry median: —2019 Company: 3.4 % Industry median: 3.8 %20192020 Company: 5.8 % Industry median: 3.5 %2021 Company: 6.4 % Industry median: 5.3 %20212022 Company: 5.3 % Industry median: 5.2 %2023 Company: 5.2 % Industry median: 2.4 %20232024 Company: -3.9 % Industry median: 1.6 %2025 Company: -9.1 % Industry median: 2.0 %2025
  • Company
  • Industry median

Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 1 563 761 € · −6.4% vs 2024
01 0002 0003 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 1 430 552 €20192020 Company: 1 524 225 €20202021 Company: 2 885 243 €20212022 Company: 2 275 607 €20222023 Company: 2 007 437 €20232024 Company: 1 671 227 €20242025 Company: 1 563 761 €202501 0002 0003 0002018 Company: —2019 Company: 1 430 552 €20192020 Company: 1 524 225 €2021 Company: 2 885 243 €20212022 Company: 2 275 607 €2023 Company: 2 007 437 €20232024 Company: 1 671 227 €2025 Company: 1 563 761 €2025
Equity, € thousand 2025: 976 507 € · −6.8% vs 2024
02505007501 0001 2502016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 541 473 €20192020 Company: 756 200 €20202021 Company: 1 044 785 €20212022 Company: 1 116 759 €20222023 Company: 1 089 727 €20232024 Company: 1 047 201 €20242025 Company: 976 507 €202502505007501 0001 2502018 Company: —2019 Company: 541 473 €20192020 Company: 756 200 €2021 Company: 1 044 785 €20212022 Company: 1 116 759 €2023 Company: 1 089 727 €20232024 Company: 1 047 201 €2025 Company: 976 507 €2025
Employees 2025: 7 · +16.7% vs 2024 · industry median 3 · above 65% of the industry
035810132016 Company: 9 Industry median: —20162017 Company: 11 Industry median: —20172018 Company: 11 Industry median: 420182019 Company: 10 Industry median: 420192020 Company: 11 Industry median: 420202021 Company: 12 Industry median: 420212022 Company: 12 Industry median: 420222023 Company: 7 Industry median: 320232024 Company: 6 Industry median: 320242025 Company: 7 Industry median: 32025035810132018 Company: 11 Industry median: 42019 Company: 10 Industry median: 420192020 Company: 11 Industry median: 42021 Company: 12 Industry median: 420212022 Company: 12 Industry median: 42023 Company: 7 Industry median: 320232024 Company: 6 Industry median: 32025 Company: 7 Industry median: 32025
  • Company
  • Industry median

Industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (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 778 790 -70 694 137 297 1 563 761 976 507 7
2024 1 081 506 -42 527 127 083 1 671 227 1 047 201 6
2023 1 229 104 64 420 133 286 2 007 437 1 089 727 7
2022 4 164 731 220 616 198 817 2 275 607 1 116 759 12
2021 6 153 773 392 184 203 516 2 885 243 1 044 785 12
2020 4 949 174 285 309 137 514 1 524 225 756 200 11
2019 3 014 213 102 033 132 756 1 430 552 541 473 10
2018 — — — — — 11
2017 — — — — — 11
2016 — — — — — 9
2015 — — — — — 8
2014 — — — — — 8
2013 — — — — — 4
2012 — — — — — 2
2011 — — — — — 2
2010 — — — — — 1
2009 — — — — — 1
2008 — — — — — 1

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
-9.1 %
Net profit / revenue
Return on equity (ROE)
-7.2 %
Net profit / equity
Return on assets (ROA)
-4.5 %
Net profit / assets
Equity ratio
62.4 %
Equity / assets
Debt ratio
37.6 %
Liabilities / assets
Current ratio
1.37
Current assets / current liabilities
Revenue per employee
111 256 €
Revenue / average full-time employees
Labour cost per employee per month
1 634 €
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 30 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 7 May 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 8 May 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 21 Apr 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 8 Mar 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 12 Feb 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 3 Mar 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
4 495 000 € Luminor Bank AS 27 Dec 2017 – in force
3 155 000 € Luminor Bank AS 7 Nov 2016 – in force
2 165 000 € Luminor Bank AS 4 Feb 2016 – in force
1 30 000 € Luminor Bank AS 20 Mar 2013 – in force

Board

Right of representation

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

Owners

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 16111Sawmilling and planing of wood Main
  • 46901Non-specialised wholesale trade
Rulings
Number, date Title Deadline State Document
Ä 30034737 / 19
14 Feb 2025
Amendment entry In force
14 Feb 2025
PDF
Ä 30034737 / 18
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 30034737 / 17
3 Dec 2021
Amendment entry In force
3 Dec 2021
PDF
Ä 30034737 / M6
2 Sep 2019
Ruling to eliminate deficiencies 22 Sep 2019 Deficiencies eliminated
2 Sep 2019
PDF
Ä 30034737 / 16
2 Sep 2019
Amendment entry In force
2 Sep 2019
PDF
Ä 30034737 / 15
6 May 2019
Amendment entry In force
6 May 2019
PDF
Ä 30034737 / M5
3 May 2019
Ruling to eliminate deficiencies 13 May 2019 Deficiencies eliminated
6 May 2019
PDF
Ä 30034737 / 14
13 Feb 2018
Amendment entry In force
13 Feb 2018
PDF
Ä 30034737 / 13
19 Jan 2018
Amendment entry In force
19 Jan 2018
PDF
K 30034737 / 12
8 Jan 2018
Commercial pledge amended In force
8 Jan 2018
PDF
K 30034737 / M4
27 Dec 2017
Ruling to eliminate deficiencies 6 Jan 2018 Deficiencies eliminated
28 Dec 2017
PDF
K 30034737 / 11
27 Dec 2017
Commercial pledge entered In force
27 Dec 2017
PDF
Ä 30034737 / 10
4 Dec 2017
Amendment entry In force
4 Dec 2017
PDF
K 30034737 / 9
7 Nov 2016
Commercial pledge entered In force
7 Nov 2016
PDF
K 30034737 / 8
4 Feb 2016
Commercial pledge entered In force
4 Feb 2016
PDF
K 30034737 / 7
28 May 2014
Commercial pledge amended In force
28 May 2014
PDF
Ä 30034737 / 6
9 Oct 2013
Amendment entry In force
9 Oct 2013
PDF
Ä 30034737 / M3
2 Oct 2013
Ruling to eliminate deficiencies 1 Nov 2013 Deficiencies eliminated
8 Oct 2013
PDF
K 30034737 / 5
20 Mar 2013
Commercial pledge entered In force
20 Mar 2013
PDF
K 30034737 / M2
11 Mar 2013
Ruling to eliminate deficiencies 10 Apr 2013 In force
11 Mar 2013
PDF
Ä 30034737 / 4
5 Oct 2012
Amendment entry In force
5 Oct 2012
PDF
Ä 30034737 / M1
4 Oct 2012
Ruling to eliminate deficiencies In force
4 Oct 2012
PDF
Ä 30034737 / 3
13 Sep 2010
Amendment entry In force
13 Sep 2010
PDF
Ä 34737 / 2
25 Aug 2009
Amendment entry In force
25 Aug 2009
PDF
Ä 110488 / 3
2 Jan 2008
Registry card closed after a change of district In force
2 Jan 2008
PDF
Ä 34737
21 Dec 2007
Registry card opened in the department of the new seat In force
21 Dec 2007
PDF
Ä 110488 / 2
19 Dec 2007
Note In force
19 Dec 2007
PDF
Ä 110488
12 Jul 2007
First entry In force
12 Jul 2007
PDF

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