project spruce OÜ

Active Registry code 16237158 OÜ Angerja küla Registered 24 May 2021

project spruce OÜ is a OÜ based in Angerja küla, registry code 16237158, status: active. Main activity: Business and other management consultancy activities. According to EMTA, turnover for Q3 2026 was €181 791 with 5 employees.

Turnover

181 791 €

↑ 28 084.7% vs Q2 2026

State taxes

77 321 €

↑ 11.5% vs Q2 2026

Labour taxes

81 184 €

↑ 8.5% vs Q2 2026

Employees

−4 vs Q2 2026

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

Position in the industry Activities of head offices and management consultancy · EMTAK 70

Turnover · Q3 2026 181 791 €

above 95% of companies

industry median 13 705 € · companies in the industry: 4 338
Labour taxes per employee 16 237 €

above 98% of companies

industry median 1 649 € · companies in the industry: 1 689
Revenue · 2025 6 936 €

above 45% of companies

industry median 10 800 € · companies in the industry: 9 687
Net profit margin · 2025 -31 757.3 %

above 2% of companies

industry median 22.0 % · companies in the industry: 6 494

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 181 791 € · +28 084.7% vs Q2 2026 · industry median 13 705 € · above 95% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 16 237 € · +95.2% vs Q2 2026 · industry median 1 649 € · above 98% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 5 · −44.4% vs Q2 2026

State taxes, € thousand Q3 2026: 77 321 € · +11.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	181 791	77 321	81 184	5
Q2 2026	645	69 336	74 856	9
Q1 2026	—	93 689	100 814	9
Q4 2025	—	93 710	101 167	10
Q3 2025	—	106 518	115 234	11
Q2 2025	28 642	102 956	111 467	12
Q1 2025	55 595	77 753	82 964	13
Q4 2024	—	55 843	58 989	11
Q3 2024	—	49 886	53 024	7
Q2 2024	—	32 065	26 919	7
Q1 2024	—	14 553	15 478	1
Q4 2023	—	14 808	15 765	2
Q3 2023	—	18 054	19 134	2
Q2 2023	—	11 438	12 379	2
Q1 2023	—	3 169	3 467	3
Q4 2022	—	613	682	1
Q3 2022	—	—	—	1

Labour taxes per employee per month

5 412 €

Turnover per employee in the quarter

36 358 €

Q3 2026 · calculated from EMTA data

Financials by year

2021 – 2025

Revenue, € 2025: 6 936 € · industry median 10 800 € · above 45% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -2 202 685 € · −30.4% vs 2024 · industry median 284 € · above 2% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -31 757.3 % · industry median 22.0 % · above 2% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 1 219 763 € · +39.7% vs 2024

Equity, € thousand 2025: 1 075 733 € · +38.2% vs 2024

Employees 2025: 12 · +33.3% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Activities of head offices and management consultancy (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	6 936	-2 202 685	990 892	1 219 763	1 075 733	12
2024	0	-1 689 510	476 978	873 360	778 304	9
2023	0	-503 333	136 714	2 489 754	2 467 814	3
2022	17 280	10 825	0	574 785	13 325	1
2021	0	0	—	3 300	2 500	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

-31 757.3 %

Net profit / revenue

Return on equity (ROE)

-204.8 %

Net profit / equity

Return on assets (ROA)

-180.6 %

Net profit / assets

Equity ratio

88.2 %

Equity / assets

Debt ratio

11.8 %

Liabilities / assets

Current ratio

8.15

Current assets / current liabilities

Revenue per employee

578 €

Revenue / average full-time employees

Labour cost per employee per month

6 881 €

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	25 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	26 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	4 Oct 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	26 Jun 2023	Company’s own	e-Äriregister
2021	24 May 2021 – 31 Dec 2021	17 Nov 2022	Company’s own	e-Äriregister

Board

Jaan Sepping
Board member · since 22 Nov 2021

Right of representation

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

Owners

OÜ Sepping
Legal person · 16726785 · 2 500 €

75.27%
Combiwood Grupp OÜ
Legal person · 16122573 · 255 €

7.69%
Combiwood Invest OÜ
Legal person · 10979054 · 74 €

2.23%
Hakera OÜ
Legal person · 10944133 · 48 €

1.44%
Osaühing Trailborg
Legal person · 10746516 · 48 €

1.44%
OÜ Claribel
Legal person · 10891626 · 48 €

1.44%
OÜ Woodsmart
Legal person · 10891649 · 48 €

1.44%
Portrait OÜ
Legal person · 10451695 · 48 €

1.44%
Nils Johan Arvid Ekstrand
Natural person · 20 €

0.61%
Metsamaahalduse Aktsiaselts
Legal person · 10052156 · 19 €

0.56%
MySpedition OÜ
Legal person · 12042239 · 18 €

0.54%
Argent Metsad OÜ
Legal person · 14358544 · 17 €

0.50%
OÜ Boskewood
Legal person · 11319041 · 15 €

0.46%
Eremka OÜ
Legal person · 10898261 · 15 €

0.45%
Relaskoop OÜ
Legal person · 12520532 · 14 €

0.42%
AS A&P Mets
Legal person · 10321314 · 11 €

0.33%
RothCap Investments OÜ
Legal person · 12709643 · 11 €

0.33%
Martin Kiik
Natural person · 11 €

0.33%
OÜ Estonian Business School Group
Legal person · 10348773 · 10 €

0.30%
Argent Grupp OÜ
Legal person · 11918480 · 9 €

0.28%
Paralos Geo OÜ
Legal person · 14643836 · 8 €

0.25%
Thomas Wagner
Natural person · 8 €

0.25%
OÜ Meiekapital
Legal person · 14606798 · 8 €

0.25%
ABrokers OÜ
Legal person · 12280424 · 6 €

0.19%
Maalaane Osaühing
Legal person · 14939301 · 6 €

0.19%
AS WOODWELL
Legal person · 10151987 · 6 €

0.18%
Ando Eelmaa Kaubad
Legal person · 10040650 · 6 €

0.17%
Marko Capital OÜ
Legal person · 14307363 · 6 €

0.17%
Metsaliit OÜ
Legal person · 12219904 · 6 €

0.17%
Oakenyield OÜ
Legal person · 14568141 · 6 €

0.17%
OÜ Nendum
Legal person · 12087437 · 6 €

0.17%
Hansa Management OÜ
Legal person · 11508799 · 4 €

0.13%
HRHolding OÜ
Legal person · 14515280 · 4 €

0.12%
Birdson Invest OÜ
Legal person · 14711093 · 2 €

0.06%

Owner in

Maa Restoration OÜ
100%

Beneficial owners

Jaan Sepping
Member of a senior management body (management or supervisory board) · since 5 Jul 2024

Founders and other persons

OÜ E&M
Founder · 2 500 € · 18 May 2021

shared board members, owners or beneficial owners

Activities (EMTAK)

70201Business and other management consultancy activities Main

Rulings 23

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50174277 / 12 25 Sep 2026	Amendment entry		In force 25 Sep 2026	PDF
Ä 50174277 / M11 24 Sep 2026	Ruling to eliminate deficiencies	24 Oct 2026	Deficiencies eliminated 25 Sep 2026	PDF
Ä 50174277 / 11 26 Nov 2025	Amendment entry		In force 26 Nov 2025	PDF
Ä 50174277 / M10 20 Nov 2025	Ruling to eliminate deficiencies	11 Dec 2025	Deficiencies eliminated 26 Nov 2025	PDF
Ä 50174277 / 10 26 Jun 2025	Amendment entry		In force 26 Jun 2025	PDF
Ä 50174277 / 9 22 May 2025	Amendment entry		In force 22 May 2025	PDF
Ä 50174277 / M9 16 Apr 2025	Demand to pay the state fee	2 May 2025	Deficiencies eliminated 17 Apr 2025	PDF
Ä 50174277 / 8 14 Apr 2025	Amendment entry		In force 14 Apr 2025	PDF
Ä 50174277 / 7 31 Mar 2025	Entry refused		In force 18 Apr 2025	PDF
Ä 50174277 / 6 20 Mar 2025	Entry made by the register on its own initiative		In force 20 Mar 2025	PDF
Ä 50174277 / M8 28 Feb 2025	Procedural ruling		In force 28 Feb 2025	PDF
Ä 50174277 / 5 17 Dec 2024	Entry refused: deficiencies not eliminated		In force 3 Jan 2025	PDF
Ä 50174277 / M7 29 Nov 2024	Ruling to eliminate deficiencies	24 Dec 2024	In force 28 Dec 2024	PDF
Ä 50174277 / M6 29 Nov 2024	Ruling to eliminate deficiencies	14 Dec 2024	In force 17 Dec 2024	PDF
Ä 50174277 / M5 1 Oct 2024	Fine for not filing the report	19 Oct 2024	In force 20 Oct 2024	PDF
Ä 50174277 / M4 17 Jul 2024	Warning of a fine: annual report not filed	16 Aug 2024	In force 17 Jul 2024	PDF
Ä 50174277 / 4 15 Jul 2024	Amendment entry		In force 15 Jul 2024	PDF
Ä 50174277 / M3 19 Jun 2024	Ruling to eliminate deficiencies	11 Jul 2024	In force 9 Jul 2024	PDF
Ä 50174277 / M2 20 May 2024	Ruling to eliminate deficiencies	20 Jun 2024	In force 6 Jun 2024	PDF
Ä 50174277 / 3 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 50174277 / 2 22 Nov 2021	Amendment entry		In force 22 Nov 2021	PDF
Ä 50174277 24 May 2021	First entry		In force 24 May 2021	PDF
Ä 50174277 / M1 19 May 2021	Ruling to eliminate deficiencies	8 Jun 2021	Deficiencies eliminated 21 May 2021	PDF

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

project spruce OÜ

Position in the industry Activities of head offices and management consultancy · EMTAK 70

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 23