Grovewood Construction OÜ

Active Registry code 16912269 OÜ Tartu linn Registered 1 Feb 2024
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Grovewood Construction OÜ is a OÜ based in Tartu linn, registry code 16912269, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €56 755 with 2 employees.

Turnover
56 755 €
↑ 365.2% vs Q2 2026
State taxes
2 000 €
↑ 8.6% vs Q2 2026
Labour taxes
1 627 €
↑ 11.1% vs Q2 2026
Employees
2
±0 vs Q2 2026

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

Position in the industry Construction of residential and non-residential buildings · EMTAK 41

  • Turnover · Q3 2026 56 755 €
    industry median 25 252 € · companies in the industry: 4 696
  • Labour taxes per employee 814 €
    industry median 1 211 € · companies in the industry: 4 133
  • Revenue · 2025 35 210 €
    industry median 38 239 € · companies in the industry: 6 999
  • Net profit margin · 2025 21.4 %
    industry median 3.5 % · companies in the industry: 5 561

Taxes and turnover

Q1 2024 – Q3 2026
Turnover, € Q3 2026: 56 755 € · +365.2% vs Q2 2026 · industry median 25 252 € · above 68% of the industry
020 00040 00060 000Q1 2024 Company: 2 605 € Industry median: 19 618 €Q1·24Q2 2024 Company: 12 721 € Industry median: 21 373 €Q3 2024 Company: 12 016 € Industry median: 26 160 €Q3·24Q4 2024 Company: 0 € Industry median: 25 496 €Q1 2025 Company: 0 € Industry median: 19 568 €Q1·25Q2 2025 Company: 8 997 € Industry median: 22 577 €Q3 2025 Company: 14 457 € Industry median: 25 533 €Q3·25Q4 2025 Company: 15 386 € Industry median: 25 721 €Q1 2026 Company: 12 300 € Industry median: 20 483 €Q1·26Q2 2026 Company: 12 200 € Industry median: 22 672 €Q3 2026 Company: 56 755 € Industry median: 25 252 €Q3·26020 00040 00060 000Q4 2024 Company: 0 € Industry median: 25 496 €Q1 2025 Company: 0 € Industry median: 19 568 €Q1·25Q2 2025 Company: 8 997 € Industry median: 22 577 €Q3 2025 Company: 14 457 € Industry median: 25 533 €Q3·25Q4 2025 Company: 15 386 € Industry median: 25 721 €Q1 2026 Company: 12 300 € Industry median: 20 483 €Q1·26Q2 2026 Company: 12 200 € Industry median: 22 672 €Q3 2026 Company: 56 755 € Industry median: 25 252 €Q3·26
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 814 € · +11.1% vs Q2 2026 · industry median 1 211 € · above 24% of the industry
05001 0001 500Q1 2024 Company: 0 € Industry median: 1 097 €Q1·24Q2 2024 Company: 110 € Industry median: 1 083 €Q3 2024 Company: 871 € Industry median: 1 142 €Q3·24Q4 2024 Company: — Industry median: 1 179 €Q1 2025 Company: 194 € Industry median: 1 188 €Q1·25Q2 2025 Company: 0 € Industry median: 1 149 €Q3 2025 Company: 388 € Industry median: 1 208 €Q3·25Q4 2025 Company: 0 € Industry median: 1 254 €Q1 2026 Company: 326 € Industry median: 1 183 €Q1·26Q2 2026 Company: 732 € Industry median: 1 166 €Q3 2026 Company: 814 € Industry median: 1 211 €Q3·2605001 0001 500Q4 2024 Company: — Industry median: 1 179 €Q1 2025 Company: 194 € Industry median: 1 188 €Q1·25Q2 2025 Company: 0 € Industry median: 1 149 €Q3 2025 Company: 388 € Industry median: 1 208 €Q3·25Q4 2025 Company: 0 € Industry median: 1 254 €Q1 2026 Company: 326 € Industry median: 1 183 €Q1·26Q2 2026 Company: 732 € Industry median: 1 166 €Q3 2026 Company: 814 € Industry median: 1 211 €Q3·26
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 2 · +0.0% vs Q2 2026
0123Q1 2024 Company: 3Q1·24Q2 2024 Company: 3Q3 2024 Company: 1Q3·24Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 1Q1 2026 Company: 2Q1·26Q2 2026 Company: 2Q3 2026 Company: 2Q3·260.00.51.01.52.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: 1Q3·25Q4 2025 Company: 1Q1 2026 Company: 2Q1·26Q2 2026 Company: 2Q3 2026 Company: 2Q3·26
State taxes, € Q3 2026: 2 000 € · +8.6% vs Q2 2026
05001 0001 5002 0002 500Q1 2024 Company: 51 €Q1·24Q2 2024 Company: 470 €Q3 2024 Company: 1 286 €Q3·24Q4 2024 Company: —Q1 2025 Company: 171 €Q1·25Q2 2025 Company: 499 €Q3 2025 Company: 2 256 €Q3·25Q4 2025 Company: 1 116 €Q1 2026 Company: 1 013 €Q1·26Q2 2026 Company: 1 841 €Q3 2026 Company: 2 000 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: —Q1 2025 Company: 171 €Q1·25Q2 2025 Company: 499 €Q3 2025 Company: 2 256 €Q3·25Q4 2025 Company: 1 116 €Q1 2026 Company: 1 013 €Q1·26Q2 2026 Company: 1 841 €Q3 2026 Company: 2 000 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 56 755 2 000 1 627 2
Q2 2026 12 200 1 841 1 464 2
Q1 2026 12 300 1 013 651 2
Q4 2025 15 386 1 116 — 1
Q3 2025 14 457 2 256 388 1
Q2 2025 8 997 499 — 1
Q1 2025 — 171 194 1
Q4 2024 — — — 1
Q3 2024 12 016 1 286 871 1
Q2 2024 12 721 470 329 3
Q1 2024 2 605 51 — 3
Labour taxes per employee per month
271 €
Turnover per employee in the quarter
28 378 €

Q3 2026 · calculated from EMTA data

Financials by year

2024 – 2025
Revenue, € 2025: 35 210 € · +28.8% vs 2024 · industry median 38 239 € · above 48% of the industry
010 00020 00030 00040 0002024 Company: 27 342 € Industry median: 37 693 €20242025 Company: 35 210 € Industry median: 38 239 €2025010 00020 00030 00040 0002024 Company: 27 342 € Industry median: 37 693 €2025 Company: 35 210 € Industry median: 38 239 €2025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: 7 518 € · +291.0% vs 2024 · industry median 411 € · above 72% of the industry
-5 000-2 50002 5005 0007 50010 0002024 Company: -3 937 € Industry median: 108 €20242025 Company: 7 518 € Industry median: 411 €2025-5 000-2 50002 5005 0007 50010 0002024 Company: -3 937 € Industry median: 108 €2025 Company: 7 518 € Industry median: 411 €2025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 21.4 % · +35.8 pp vs the year before · industry median 3.5 % · above 80% of the industry
-20-1001020302024 Company: -14.4 % Industry median: 2.8 %20242025 Company: 21.4 % Industry median: 3.5 %2025-20-1001020302024 Company: -14.4 % Industry median: 2.8 %2025 Company: 21.4 % Industry median: 3.5 %2025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2025: 11 266 € · −16.0% vs 2024
05 00010 00015 0002024 Company: 13 417 €20242025 Company: 11 266 €202505 00010 00015 0002024 Company: 13 417 €2025 Company: 11 266 €2025
Equity, € 2025: 3 581 € · +191.0% vs 2024
-4 000-2 00002 0004 0002024 Company: -3 937 €20242025 Company: 3 581 €2025-4 000-2 00002 0004 0002024 Company: -3 937 €2025 Company: 3 581 €2025
Employees 2025: 1 · +0.0% vs 2024 · industry median 2 · above 5% of the industry
0.00.51.01.52.02024 Company: 1 Industry median: 220242025 Company: 1 Industry median: 220250.00.51.01.52.02024 Company: 1 Industry median: 22025 Company: 1 Industry median: 22025
  • Company
  • Industry median

Industry: Construction of residential and non-residential buildings (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 35 210 7 518 1 507 11 266 3 581 1
2024 27 342 -3 937 3 594 13 417 -3 937 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
21.4 %
Net profit / revenue
Return on equity (ROE)
209.9 %
Net profit / equity
Return on assets (ROA)
66.7 %
Net profit / assets
Equity ratio
31.8 %
Equity / assets
Debt ratio
68.2 %
Liabilities / assets
Current ratio
1.43
Current assets / current liabilities
Revenue per employee
35 210 €
Revenue / average full-time employees
Labour cost per employee per month
126 €
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 26 Jun 2026 Company’s own e-Äriregister
2024 1 Feb 2024 – 31 Dec 2024 29 Jun 2025 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)

  • 41001Construction of residential and non-residential buildings Main

Rulings 3

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50247221 / 3
4 Aug 2026
 Amendment entry In force
4 Aug 2026
 PDF
Ä 50247221 / 2
19 Aug 2024
 Amendment entry In force
19 Aug 2024
 PDF
Ä 50247221
1 Feb 2024
 First entry In force
1 Feb 2024
 PDF

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