HS Forest OÜ

Active Registry code 16654844 OÜ Tartu linn Registered 17 Jan 2023
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HS Forest OÜ is a OÜ based in Tartu linn, registry code 16654844, status: active. Main activity: Silviculture and other forestry activities. According to EMTA, turnover for Q3 2026 was €81 441 with 7 employees.

Turnover
81 441 €
↓ 1.5% vs Q2 2026
State taxes
25 087 €
↓ 31.7% vs Q2 2026
Labour taxes
11 453 €
↓ 18.4% vs Q2 2026
Employees
7
−1 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 81 441 €
    industry median 14 400 € · companies in the industry: 1 834
  • Labour taxes per employee 1 636 €
    industry median 1 226 € · companies in the industry: 1 276
  • Revenue · 2025 293 517 €
    industry median 29 224 € · companies in the industry: 2 730
  • Net profit margin · 2025 19.4 %
    industry median 4.9 % · companies in the industry: 2 137

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 81 441 € · −1.5% vs Q2 2026 · industry median 14 400 € · above 81% of the industry
020 00040 00060 00080 000100 000Q4 2023 Company: 59 713 € Industry median: 18 002 €Q4·23Q1 2024 Company: 49 126 € Industry median: 20 304 €Q2 2024 Company: 88 392 € Industry median: 19 485 €Q2·24Q3 2024 Company: 60 682 € Industry median: 15 991 €Q4 2024 Company: 63 774 € Industry median: 20 393 €Q4·24Q1 2025 Company: 48 436 € Industry median: 19 023 €Q2 2025 Company: 69 921 € Industry median: 19 272 €Q2·25Q3 2025 Company: 84 300 € Industry median: 14 822 €Q4 2025 Company: 85 649 € Industry median: 18 964 €Q4·25Q1 2026 Company: 66 454 € Industry median: 17 087 €Q2 2026 Company: 82 694 € Industry median: 18 725 €Q2·26Q3 2026 Company: 81 441 € Industry median: 14 400 €Q3·26020 00040 00060 00080 000100 000Q4 2024 Company: 63 774 € Industry median: 20 393 €Q1 2025 Company: 48 436 € Industry median: 19 023 €Q1·25Q2 2025 Company: 69 921 € Industry median: 19 272 €Q3 2025 Company: 84 300 € Industry median: 14 822 €Q3·25Q4 2025 Company: 85 649 € Industry median: 18 964 €Q1 2026 Company: 66 454 € Industry median: 17 087 €Q1·26Q2 2026 Company: 82 694 € Industry median: 18 725 €Q3 2026 Company: 81 441 € 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.

Labour taxes per employee, € Q3 2026: 1 636 € · −6.7% vs Q2 2026 · industry median 1 226 € · above 65% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 1 467 € Industry median: 1 083 €Q4·23Q1 2024 Company: 1 747 € Industry median: 1 091 €Q2 2024 Company: 1 582 € Industry median: 1 128 €Q2·24Q3 2024 Company: 2 103 € Industry median: 1 119 €Q4 2024 Company: 1 981 € Industry median: 1 188 €Q4·24Q1 2025 Company: 2 029 € Industry median: 1 209 €Q2 2025 Company: 1 201 € Industry median: 1 257 €Q2·25Q3 2025 Company: 2 079 € Industry median: 1 175 €Q4 2025 Company: 2 147 € Industry median: 1 287 €Q4·25Q1 2026 Company: 1 925 € Industry median: 1 232 €Q2 2026 Company: 1 754 € Industry median: 1 221 €Q2·26Q3 2026 Company: 1 636 € Industry median: 1 226 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 981 € Industry median: 1 188 €Q1 2025 Company: 2 029 € Industry median: 1 209 €Q1·25Q2 2025 Company: 1 201 € Industry median: 1 257 €Q3 2025 Company: 2 079 € Industry median: 1 175 €Q3·25Q4 2025 Company: 2 147 € Industry median: 1 287 €Q1 2026 Company: 1 925 € Industry median: 1 232 €Q1·26Q2 2026 Company: 1 754 € Industry median: 1 221 €Q3 2026 Company: 1 636 € Industry median: 1 226 €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.

Employees Q3 2026: 7 · −12.5% vs Q2 2026
03581013Q4 2023 Company: 6Q4·23Q1 2024 Company: 6Q2 2024 Company: 8Q2·24Q3 2024 Company: 6Q4 2024 Company: 6Q4·24Q1 2025 Company: 6Q2 2025 Company: 11Q2·25Q3 2025 Company: 8Q4 2025 Company: 7Q4·25Q1 2026 Company: 7Q2 2026 Company: 8Q2·26Q3 2026 Company: 7Q3·2603581013Q4 2024 Company: 6Q1 2025 Company: 6Q1·25Q2 2025 Company: 11Q3 2025 Company: 8Q3·25Q4 2025 Company: 7Q1 2026 Company: 7Q1·26Q2 2026 Company: 8Q3 2026 Company: 7Q3·26
State taxes, € Q3 2026: 25 087 € · −31.7% vs Q2 2026
010 00020 00030 00040 00050 000Q4 2023 Company: 18 272 €Q4·23Q1 2024 Company: 17 897 €Q2 2024 Company: 37 667 €Q2·24Q3 2024 Company: 29 194 €Q4 2024 Company: 23 373 €Q4·24Q1 2025 Company: 20 448 €Q2 2025 Company: 40 015 €Q2·25Q3 2025 Company: 30 375 €Q4 2025 Company: 36 606 €Q4·25Q1 2026 Company: 24 618 €Q2 2026 Company: 36 724 €Q2·26Q3 2026 Company: 25 087 €Q3·26010 00020 00030 00040 00050 000Q4 2024 Company: 23 373 €Q1 2025 Company: 20 448 €Q1·25Q2 2025 Company: 40 015 €Q3 2025 Company: 30 375 €Q3·25Q4 2025 Company: 36 606 €Q1 2026 Company: 24 618 €Q1·26Q2 2026 Company: 36 724 €Q3 2026 Company: 25 087 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 81 441 25 087 11 453 7
Q2 2026 82 694 36 724 14 032 8
Q1 2026 66 454 24 618 13 475 7
Q4 2025 85 649 36 606 15 031 7
Q3 2025 84 300 30 375 16 628 8
Q2 2025 69 921 40 015 13 216 11
Q1 2025 48 436 20 448 12 173 6
Q4 2024 63 774 23 373 11 884 6
Q3 2024 60 682 29 194 12 619 6
Q2 2024 88 392 37 667 12 657 8
Q1 2024 49 126 17 897 10 480 6
Q4 2023 59 713 18 272 8 804 6
Q3 2023 46 828 16 461 8 874 5
Q2 2023 42 213 11 047 4 133 5
Q1 2023 — — — 2
Labour taxes per employee per month
545 €
Turnover per employee in the quarter
11 634 €

Q3 2026 · calculated from EMTA data

Financials by year

2023 – 2025
Revenue, € thousand 2025: 293 517 € · +9.1% vs 2024 · industry median 29 224 € · above 86% of the industry
01002003002023 Company: 175 083 € Industry median: 26 753 €20232024 Company: 269 095 € Industry median: 26 865 €20242025 Company: 293 517 € Industry median: 29 224 €202501002003002023 Company: 175 083 € Industry median: 26 753 €20232024 Company: 269 095 € Industry median: 26 865 €2025 Company: 293 517 € 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, € 2025: 56 953 € · −26.7% vs 2024 · industry median 275 € · above 91% of the industry
020 00040 00060 00080 0002023 Company: 60 347 € Industry median: 626 €20232024 Company: 77 679 € Industry median: 488 €20242025 Company: 56 953 € Industry median: 275 €2025020 00040 00060 00080 0002023 Company: 60 347 € Industry median: 626 €20232024 Company: 77 679 € Industry median: 488 €2025 Company: 56 953 € 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: 19.4 % · −9.5 pp vs the year before · industry median 4.9 % · above 70% of the industry
0102030402023 Company: 34.5 % Industry median: 6.9 %20232024 Company: 28.9 % Industry median: 6.0 %20242025 Company: 19.4 % Industry median: 4.9 %20250102030402023 Company: 34.5 % Industry median: 6.9 %20232024 Company: 28.9 % Industry median: 6.0 %2025 Company: 19.4 % 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: 89 995 € · −13.3% vs 2024
02550751001252023 Company: 81 309 €20232024 Company: 103 842 €20242025 Company: 89 995 €202502550751001252023 Company: 81 309 €20232024 Company: 103 842 €2025 Company: 89 995 €2025
Equity, € 2025: 66 979 € · −20.3% vs 2024
020 00040 00060 00080 000100 0002023 Company: 66 347 €20232024 Company: 84 026 €20242025 Company: 66 979 €2025020 00040 00060 00080 000100 0002023 Company: 66 347 €20232024 Company: 84 026 €2025 Company: 66 979 €2025
Employees 2025: 7 · +16.7% vs 2024 · industry median 1 · above 91% of the industry
024682023 Company: 4 Industry median: 120232024 Company: 6 Industry median: 120242025 Company: 7 Industry median: 12025024682023 Company: 4 Industry median: 120232024 Company: 6 Industry median: 12025 Company: 7 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, € Labour costs, € Assets, € Equity, € Employees
2025 293 517 56 953 148 521 89 995 66 979 7
2024 269 095 77 679 128 611 103 842 84 026 6
2023 175 083 60 347 78 501 81 309 66 347 4

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
19.4 %
Net profit / revenue
Return on equity (ROE)
85.0 %
Net profit / equity
Return on assets (ROA)
63.3 %
Net profit / assets
Equity ratio
74.4 %
Equity / assets
Debt ratio
25.6 %
Liabilities / assets
Current ratio
3.27
Current assets / current liabilities
Revenue per employee
41 931 €
Revenue / average full-time employees
Labour cost per employee per month
1 768 €
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 4 Mar 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 7 Mar 2025 Company’s own e-Äriregister
2023 17 Jan 2023 – 31 Dec 2023 28 Feb 2024 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 02101Silviculture and other forestry activities Main
Rulings
Number, date Title Deadline State Document
Ä 50218461 / 5
30 Jan 2024
Amendment entry In force
30 Jan 2024
PDF
Ä 50218461 / M3
17 Jan 2024
Ruling to eliminate deficiencies 1 Feb 2024 Deficiencies eliminated
29 Jan 2024
PDF
Ä 50218461 / M2
8 Jan 2024
Ruling to eliminate deficiencies 23 Jan 2024 Deficiencies eliminated
16 Jan 2024
PDF
Ä 50218461 / 4
21 Dec 2023
Amendment entry In force
21 Dec 2023
PDF
Ä 50218461 / 3
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50218461 / 2
14 Feb 2023
Amendment entry In force
14 Feb 2023
PDF
Ä 50218461
17 Jan 2023
First entry In force
17 Jan 2023
PDF
Ä 50218461 / M1
3 Jan 2023
Ruling to eliminate deficiencies 17 Jan 2023 Deficiencies eliminated
17 Jan 2023
PDF

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