IWF Baltic OÜ

Active Registry code 16887643 OÜ Keila linn Registered 29 Dec 2023
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IWF Baltic OÜ is a OÜ based in Keila linn, registry code 16887643, status: active. Main activity: Temporary employment agency activities. According to EMTA, turnover for Q3 2026 was €57 650 with 12 employees.

Turnover
57 650 €
↓ 5.3% vs Q2 2026
State taxes
26 916 €
↓ 5.5% vs Q2 2026
Labour taxes
15 269 €
↓ 1.8% vs Q2 2026
Employees
12
−1 vs Q2 2026

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

Position in the industry Employment activities · EMTAK 78

  • Turnover · Q3 2026 57 650 €
    industry median 32 553 € · companies in the industry: 715
  • Labour taxes per employee 1 272 €
    industry median 1 477 € · companies in the industry: 653
  • Revenue · 2025 308 029 €
    industry median 38 312 € · companies in the industry: 1 162
  • Net profit margin · 2025 11.0 %
    industry median 4.7 % · companies in the industry: 914

Taxes and turnover

Q1 2024 – Q3 2026
Turnover, € thousand Q3 2026: 57 650 € · −5.3% vs Q2 2026 · industry median 32 553 € · above 60% of the industry
050100150200Q1 2024 Company: — Industry median: 32 430 €Q1·24Q2 2024 Company: 177 419 € Industry median: 35 403 €Q3 2024 Company: 114 718 € Industry median: 41 747 €Q3·24Q4 2024 Company: 100 733 € Industry median: 36 918 €Q1 2025 Company: 82 200 € Industry median: 32 743 €Q1·25Q2 2025 Company: 91 520 € Industry median: 33 250 €Q3 2025 Company: 69 150 € Industry median: 34 657 €Q3·25Q4 2025 Company: 64 759 € Industry median: 35 558 €Q1 2026 Company: 56 640 € Industry median: 34 485 €Q1·26Q2 2026 Company: 60 905 € Industry median: 31 429 €Q3 2026 Company: 57 650 € Industry median: 32 553 €Q3·260255075100125Q4 2024 Company: 100 733 € Industry median: 36 918 €Q1 2025 Company: 82 200 € Industry median: 32 743 €Q1·25Q2 2025 Company: 91 520 € Industry median: 33 250 €Q3 2025 Company: 69 150 € Industry median: 34 657 €Q3·25Q4 2025 Company: 64 759 € Industry median: 35 558 €Q1 2026 Company: 56 640 € Industry median: 34 485 €Q1·26Q2 2026 Company: 60 905 € Industry median: 31 429 €Q3 2026 Company: 57 650 € Industry median: 32 553 €Q3·26
  • Company
  • Industry median

Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 1 272 € · +6.4% vs Q2 2026 · industry median 1 477 € · above 40% of the industry
05001 0001 5002 0002 500Q1 2024 Company: 425 € Industry median: 1 294 €Q1·24Q2 2024 Company: 1 512 € Industry median: 1 368 €Q3 2024 Company: 2 173 € Industry median: 1 353 €Q3·24Q4 2024 Company: 1 585 € Industry median: 1 536 €Q1 2025 Company: 1 517 € Industry median: 1 405 €Q1·25Q2 2025 Company: 1 737 € Industry median: 1 388 €Q3 2025 Company: 1 178 € Industry median: 1 492 €Q3·25Q4 2025 Company: 1 246 € Industry median: 1 530 €Q1 2026 Company: 1 051 € Industry median: 1 483 €Q1·26Q2 2026 Company: 1 196 € Industry median: 1 408 €Q3 2026 Company: 1 272 € Industry median: 1 477 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 585 € Industry median: 1 536 €Q1 2025 Company: 1 517 € Industry median: 1 405 €Q1·25Q2 2025 Company: 1 737 € Industry median: 1 388 €Q3 2025 Company: 1 178 € Industry median: 1 492 €Q3·25Q4 2025 Company: 1 246 € Industry median: 1 530 €Q1 2026 Company: 1 051 € Industry median: 1 483 €Q1·26Q2 2026 Company: 1 196 € Industry median: 1 408 €Q3 2026 Company: 1 272 € Industry median: 1 477 €Q3·26
  • Company
  • Industry median

Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 12 · −7.7% vs Q2 2026
010203040Q1 2024 Company: 36Q1·24Q2 2024 Company: 33Q3 2024 Company: 20Q3·24Q4 2024 Company: 19Q1 2025 Company: 19Q1·25Q2 2025 Company: 14Q3 2025 Company: 14Q3·25Q4 2025 Company: 12Q1 2026 Company: 13Q1·26Q2 2026 Company: 13Q3 2026 Company: 12Q3·2605101520Q4 2024 Company: 19Q1 2025 Company: 19Q1·25Q2 2025 Company: 14Q3 2025 Company: 14Q3·25Q4 2025 Company: 12Q1 2026 Company: 13Q1·26Q2 2026 Company: 13Q3 2026 Company: 12Q3·26
State taxes, € Q3 2026: 26 916 € · −5.5% vs Q2 2026
020 00040 00060 00080 000100 000Q1 2024 Company: 13 977 €Q1·24Q2 2024 Company: 84 587 €Q3 2024 Company: 64 833 €Q3·24Q4 2024 Company: 49 472 €Q1 2025 Company: 44 320 €Q1·25Q2 2025 Company: 42 161 €Q3 2025 Company: 30 675 €Q3·25Q4 2025 Company: 28 930 €Q1 2026 Company: 25 531 €Q1·26Q2 2026 Company: 28 471 €Q3 2026 Company: 26 916 €Q3·26010 00020 00030 00040 00050 000Q4 2024 Company: 49 472 €Q1 2025 Company: 44 320 €Q1·25Q2 2025 Company: 42 161 €Q3 2025 Company: 30 675 €Q3·25Q4 2025 Company: 28 930 €Q1 2026 Company: 25 531 €Q1·26Q2 2026 Company: 28 471 €Q3 2026 Company: 26 916 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 57 650 26 916 15 269 12
Q2 2026 60 905 28 471 15 551 13
Q1 2026 56 640 25 531 13 661 13
Q4 2025 64 759 28 930 14 957 12
Q3 2025 69 150 30 675 16 485 14
Q2 2025 91 520 42 161 24 324 14
Q1 2025 82 200 44 320 28 831 19
Q4 2024 100 733 49 472 30 115 19
Q3 2024 114 718 64 833 43 464 20
Q2 2024 177 419 84 587 49 904 33
Q1 2024 — 13 977 15 301 36
Labour taxes per employee per month
424 €
Turnover per employee in the quarter
4 804 €

Q3 2026 · calculated from EMTA data

Financials by year

2024 – 2025
Revenue, € thousand 2025: 308 029 € · −32.0% vs 2024 · industry median 38 312 € · above 79% of the industry
01002003004005002024 Company: 452 671 € Industry median: 39 360 €20242025 Company: 308 029 € Industry median: 38 312 €202501002003004005002024 Company: 452 671 € Industry median: 39 360 €2025 Company: 308 029 € Industry median: 38 312 €2025
  • Company
  • Industry median

Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 33 756 € · +331.2% vs 2024 · industry median 720 € · above 86% of the industry
-20 000-10 000010 00020 00030 00040 0002024 Company: -14 603 € Industry median: 394 €20242025 Company: 33 756 € Industry median: 720 €2025-20 000-10 000010 00020 00030 00040 0002024 Company: -14 603 € Industry median: 394 €2025 Company: 33 756 € Industry median: 720 €2025
  • Company
  • Industry median

Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 11.0 % · +14.2 pp vs the year before · industry median 4.7 % · above 64% of the industry
-50510152024 Company: -3.2 % Industry median: 5.0 %20242025 Company: 11.0 % Industry median: 4.7 %2025-50510152024 Company: -3.2 % Industry median: 5.0 %2025 Company: 11.0 % Industry median: 4.7 %2025
  • Company
  • Industry median

Industry: Employment activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2025: 88 036 € · +29.9% vs 2024
020 00040 00060 00080 000100 0002024 Company: 67 795 €20242025 Company: 88 036 €2025020 00040 00060 00080 000100 0002024 Company: 67 795 €2025 Company: 88 036 €2025
Equity, € 2025: 19 153 € · +4 724.4% vs 2024
05 00010 00015 00020 0002024 Company: 397 €20242025 Company: 19 153 €202505 00010 00015 00020 0002024 Company: 397 €2025 Company: 19 153 €2025
Employees 2025: 15 · −48.3% vs 2024 · industry median 2 · above 82% of the industry
01020302024 Company: 29 Industry median: 220242025 Company: 15 Industry median: 2202501020302024 Company: 29 Industry median: 22025 Company: 15 Industry median: 22025
  • Company
  • Industry median

Industry: Employment activities (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 308 029 33 756 228 050 88 036 19 153 15
2024 452 671 -14 603 464 903 67 795 397 29

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
11.0 %
Net profit / revenue
Return on equity (ROE)
176.2 %
Net profit / equity
Return on assets (ROA)
38.3 %
Net profit / assets
Equity ratio
21.8 %
Equity / assets
Debt ratio
78.2 %
Liabilities / assets
Current ratio
3.69
Current assets / current liabilities
Revenue per employee
20 535 €
Revenue / average full-time employees
Labour cost per employee per month
1 267 €
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 27 Feb 2026 Company’s own e-Äriregister
2024 29 Dec 2023 – 31 Dec 2024 16 Feb 2026 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

  • Magnus Salumaa
    Member of a senior management body (management or supervisory board) · since 29 Dec 2023
  • Norman Vilipus
    Member of a senior management body (management or supervisory board) · since 29 Dec 2023

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 78201Temporary employment agency activities Main
Rulings
Number, date Title Deadline State Document
Ä 50244592
29 Dec 2023
First entry In force
29 Dec 2023
PDF

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