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Metsamaahalduse Aktsiaselts

Legal form:

Public limited company

Registry code:

10052156

VAT no.:

EE100129069

Fiscal-year period:

01.01 - 31.12

Established:

21.06.1996 (30)

Former business names:

aktsiaselts Metsamaahalduse AS

Capital:

95 913,90 EUR

Address:

Tartu tn 4a, Viljandi linn, Viljandi maakond, 71004

Status:

Registered

E-arvete vastuvõtmine:

Telema

Contacts

Email:

metsamaahaldus@vestman.ee

Phone:

+372 4333427

Website:

www.vestman.ee

Industries

AGRICULTURE, FORESTRY AND FISHING
Forestry and logging
0220 - Logging
REAL ESTATE ACTIVITIES
Real estate activities
Real estate activities and development of real estate projects
68111 - Buying and selling of own real estate
68201 - Renting and operating of own or leased real estate

VAT liability

	Start	End
EE100129069	01.10.1996

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	26.05.2026	Valid
2024	01.01.2024 - 31.12.2024	28.06.2025	Valid
2023	01.01.2023 - 31.12.2023	27.06.2024	Valid
2022	01.01.2022 - 31.12.2022	08.06.2023	Valid
2021	01.01.2021 - 31.12.2021	28.06.2022	Valid
2020	01.01.2020 - 31.12.2020	27.05.2021	Valid
2019	01.01.2019 - 31.12.2019	08.06.2020	Valid
2018	01.01.2018 - 31.12.2018	14.06.2019	Valid
2017	01.01.2017 - 31.12.2017	18.06.2018	Valid
2016	01.01.2016 - 31.12.2016	06.06.2017	Valid
2015	01.01.2015 - 31.12.2015	14.06.2016	Valid
2014	01.01.2014 - 31.12.2014	04.06.2015	Valid
2013	01.01.2013 - 31.12.2013	18.06.2014	Valid
2012	01.01.2012 - 31.12.2012	10.06.2013	Valid
2011	01.01.2011 - 31.12.2011	29.05.2012	Valid
2010	01.01.2010 - 31.12.2010	02.06.2011	Valid
2009	01.01.2009 - 31.12.2009	30.06.2010	Valid
2008	01.01.2008 - 31.12.2008	30.06.2009	Valid
2007	01.01.2007 - 31.12.2007	20.06.2008	Valid
2006	01.01.2006 - 31.12.2006	27.06.2007	Valid
2005	01.01.2005 - 31.12.2005	30.06.2006	Valid
2004	01.01.2004 - 31.12.2004	30.06.2005	Valid
2003	01.01.2003 - 31.12.2003	30.06.2004	Valid
2002	01.01.2002 - 31.12.2002	30.06.2003	Valid
2001	01.01.2001 - 31.12.2001	11.07.2002	Valid
2000	01.01.2000 - 31.12.2000	01.08.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 23.07.2026.

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	127 192 €	39 644 €	1 345 082 €38.8%	7
2026 Q1	441 069 €	53 334 €	2 198 147 €104.5%	7
Kokku 2026:	568 261 €	92 978 €	3 543 229 €
2025 Q4	181 467 €	31 396 €	1 074 978 €11.8%	7
2025 Q3	96 174 €	36 482 €	961 661 €58.6%	7
2025 Q2	299 204 €	42 394 €	2 325 498 €32.3%	7
2025 Q1	259 134 €	41 865 €	1 757 578 €3.8%	8
Kokku 2025:	835 979 €	152 137 €	6 119 715 €23.6%
2024 Q4	203 611 €	28 948 €	1 827 704 €9.1%	8
2024 Q3	258 553 €	33 165 €	2 010 062 €16.4%	8
2024 Q2	215 179 €	27 087 €	1 726 972 €29.3%	8
2024 Q1	254 733 €	19 882 €	2 443 540 €40.4%	9
Kokku 2024:	932 076 €	109 082 €	8 008 278 €13.9%
2023 Q4	109 882 €	12 388 €	1 740 674 €2.6%	3
2023 Q3	145 394 €	16 065 €	1 697 305 €12.1%	3
2023 Q2	202 498 €	12 990 €	1 930 832 €16.0%	3
2023 Q1	161 720 €	12 302 €	1 664 582 €16.4%	3
Kokku 2023:	619 495 €	53 745 €	7 033 393 €13.1%
2022 Q4	155 949 €	7 961 €	1 430 567 €41.0%	2
2022 Q3	288 312 €	5 591 €	2 424 446 €21.1%	1
2022 Q2	182 100 €	6 148 €	2 002 700 €10.6%	1
2022 Q1	284 780 €	8 732 €	2 239 752 €8.6%	1
Kokku 2022:	911 141 €	28 431 €	8 097 465 €3.0%
2021 Q4	206 853 €	5 881 €	2 061 715 €28.8%	1
2021 Q3	372 147 €	9 149 €	2 896 557 €84.3%	1
2021 Q2	123 391 €	5 972 €	1 571 826 €13.4%	1
2021 Q1	238 324 €	6 233 €	1 814 121 €105.6%	1
Kokku 2021:	940 716 €	27 235 €	8 344 219 €113.9%
2020 Q4	100 856 €	3 095 €	882 385 €1.3%	1
2020 Q3	48 003 €	3 999 €	893 756 €19.1%	1
2020 Q2	44 840 €	3 366 €	1 105 172 €8.4%	1
2020 Q1	137 159 €	14 867 €	1 019 706 €35.8%	1
Kokku 2020:	330 858 €	25 327 €	3 901 019 €50.1%
2019 Q4	180 302 €	1 425 €	1 587 852 €17.8%	1
2019 Q3	88 593 €	4 272 €	1 347 795 €41.0%	1
2019 Q2	278 636 €	4 960 €	2 282 649 €12.0%	1
2019 Q1	328 649 €	7 224 €	2 593 342 €48.1%	1
Kokku 2019:	876 180 €	17 881 €	7 811 638 €27.4%
2018 Q4	781 171 €	4 308 €	4 992 830 €146.4%	1
2018 Q3	247 276 €	3 929 €	2 026 317 €1.7%	1
2018 Q2	291 845 €	1 667 €	2 061 965 €22.4%	1
2018 Q1	201 379 €	696 €	1 685 181 €48.3%	1
Kokku 2018:	1 521 671 €	10 600 €	10 766 293 €156.6%
2017 Q4	154 387 €	0 €	1 136 117 €22.5%	0
2017 Q3	77 930 €	0 €	927 602 €22.5%	0
2017 Q2	54 085 €	312 €	757 243 €44.9%	1
2017 Q1	214 383 €	21 145 €	1 374 207 €35.2%	1
Kokku 2017:	500 785 €	21 457 €	4 195 169 €5.8%
2016 Q4	139 870 €	16 053 €	1 016 085 €6.6%	6
2016 Q3	66 472 €	17 178 €	1 087 314 €16.9%	6
2016 Q2	92 797 €	14 698 €	930 310 €0.1%	6
2016 Q1	170 546 €	14 707 €	930 898 €85.2%	6
Kokku 2016:	469 685 €	62 636 €	3 964 607 €56.0%
2015 Q4	135 955 €	9 107 €	502 593 €4.1%	4
2015 Q3	32 563 €	9 498 €	524 144 €15.6%	4
2015 Q2	55 166 €	11 258 €	621 282 €30.4%	4
2015 Q1	133 555 €	16 179 €	892 847 €	4
Kokku 2015:	357 239 €	46 042 €	2 540 866 €

Revenue by industry

	2023	2024	2025
Logging	6 520 721 €	7 492 277 €	5 257 489 €
Buying and selling of own real estate	342 000 €	589 016 €	1 211 088 €
Renting and operating of own or leased real estate	347 369 €	343 361 €	327 533 €

Tax debts

No tax debt found

No tax debt as of 23.07.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Martin Tammejuur	38711XXXXXX	16.11.1987 (38)	Board member	09.05.2025	-
Taavi Raadik	37010XXXXXX	30.10.1970 (55)	Board member	03.04.2014	-

6 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Aktsiaselts Vestman Energia	-	19.12.2002 (23)	Shareholder	75 082,50 EUR	78,28	Sole ownership	12.03.2025	-
TAUR Varahalduse Osaühing	-	18.12.2002 (23)	Shareholder	16 294,50 EUR	16,99	Sole ownership	07.08.2024	-

37 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Aivar Berzin	36905XXXXXX	30.05.1969 (57)	Chairman of the supervisory board	24.04.2025	-
Erki Unn	37103XXXXXX	15.03.1971 (55)	Supervisory-board member	12.04.2025	-
Toomas Uripea	36706XXXXXX	28.06.1967 (59)	Supervisory-board member	12.04.2025	-
Kpmg Baltics Oü	-	-	Audit firm	02.01.2006	-
Tatjana Pärn	-	-	Founder	21.06.1996	-

22 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 5 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Aivar Berzin	36905XXXXXX	30.05.1969 (57)	More than 50 % of voting rights in the consolidated entity	07.09.2018	-

1 - 1 / 1 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
OÜ Pädaste Aiad	27.03.2026	Shareholder	25 000,00 EUR	100	Sole ownership	27.03.2026	-
Vestman Metsatööd OÜ	09.05.2019	Shareholder	150 000,00 EUR	100	Sole ownership	18.03.2024	-
Thorgate Ventures II Greentech OÜ	22.02.2019	Shareholder	7 045,00 EUR	62,16	Sole ownership	16.08.2023	-
OÜ Forek	01.06.2017	Shareholder	1 497,00 EUR	49,9	Sole ownership	16.08.2023	-
OÜ Noble Woods	25.06.2021	Shareholder	9 648 100,00 EUR	39,38	Sole ownership	06.07.2026	-

24 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 9 rows

2026 Q2

Turnover

Amount

1 345 082 €

Monthly average

448 361 €

Per employee

64 052 €

Equity ratio

467,46%

Labour taxes

Turnover ratio

2,95%

Tax ratio

31,17%

Monthly average

13 215 €

Per employee

1 888 €

State taxes

Monthly average

42 397 €

Turnover ratio

9,46%

Estimated salary

Gross salary

3 420 €

Net salary

2 689 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	15 337 464 €31.0%	22 221 122 €3.9%	21 381 692 €11.1%	19 252 786 €171.1%	7 101 756 €40.0%	11 831 657 €20.7%	9 805 960 €
Non-current assets	126 719 576 €13.7%	111 402 040 €6.4%	104 737 456 €18.8%	88 199 392 €4.4%	84 444 352 €20.4%	70 142 912 €5.8%	66 305 380 €
Total assets	142 057 040 €6.3%	133 623 160 €5.9%	126 119 152 €17.4%	107 452 176 €17.4%	91 546 104 €11.7%	81 974 568 €7.7%	76 111 344 €
Short-term liabilities	4 115 415 €68.8%	13 170 991 €384.4%	2 719 040 €2.9%	2 641 890 €14.2%	3 079 119 €36.6%	2 254 183 €1.6%	2 218 359 €
Long-term liabilities	19 813 764 €57.8%	12 556 244 €44.0%	22 425 744 €17.4%	19 094 032 €35.9%	14 049 848 €8.4%	15 344 220 €7.7%	16 625 547 €
Total liabilities	23 929 179 €7.0%	25 727 235 €2.3%	25 144 784 €15.7%	21 735 922 €26.9%	17 128 967 €2.7%	17 598 403 €6.6%	18 843 906 €
Share or stock capital	95 914 €	95 914 €	95 914 €	95 914 €	95 914 €	95 914 €	95 914 €
Retained earnings	107 800 008 €17.2%	91 990 516 €7.5%	85 596 677 €13.3%	75 531 168 €17.5%	64 280 250 €12.5%	57 141 861 €17.1%	48 798 488 €
Net profit	10 231 934 €35.3%	15 809 490 €3.5%	15 281 777 €51.5%	10 089 174 €0.5%	10 040 972 €40.7%	7 138 389 €14.7%	8 373 030 €
Equity	118 127 856 €9.5%	107 895 920 €6.9%	100 974 368 €17.8%	85 716 256 €15.2%	74 417 136 €15.6%	64 376 164 €12.4%	57 267 432 €
Turnover	6 881 200 €19.1%	8 506 389 €17.3%	7 252 572 €12.0%	8 237 044 €3.6%	8 541 725 €89.4%	4 510 488 €40.8%	7 615 025 €
Profit margin	148.69%20.0%	185.85%11.8%	210.71%72.0%	122.49%4.2%	117.55%25.7%	158.26%43.9%	109.95%

Financial ratios

	2025	2024	2023	2022	2021
Profit and cash flow
EBITDA	VM FMH XVW	CW KAC MPW	MY ZKA GND	11 124 038	8 299 780
Liquidity
Current ratio	S.D	F.I	U.S	7.3	2.3
Quick ratio	Z.B	H.C	J.L	5.1	0.5
Cash ratio	I.R	Y.M	V.K	1.8	0.0
Efficiency
Days sales outstanding (dso)	MMB.G	BWA.J	UAP.Y	403.7	403.8
Asset turnover	A.I	Q.P	T.N	0.1	0.1
Structure
Debt ratio	Z.H	L.Y	D.T	0.2	0.2
Profitability
Operating margin	MCI.Z%	JYS.S%	UPA.Z%	134.9%	97.0%
Net profit margin	SHR.H%	EZA.I%	TVV.G%	122.5%	117.6%
Return on assets (roa)	U.N%	HN.H%	YI.F%	10.1%	11.6%
Return on equity (roe)	B.E%	IO.X%	LY.Y%	11.8%	13.5%

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Licences & notices

Type	Number	Field	Status	Start	End
License	KME000067	Environment > Licence for forest-management works	Valid	23.04.2024	-
Notice of economic activity	KUL000183	Agriculture > Supply of forest tree reproductive material	Valid	24.05.2021	-

1 - 2 / 2 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 20033467 / 17	09.05.2025	Entry - Amendment entry		Entered into force (09.05.2025)
Ä 20033467 / 16	11.09.2024	Entry - Division entry of transferring entity (second, constitutive entry)		Entered into force (11.09.2024)
Ä 20033467 / M9	03.09.2024	Order to remedy deficiencies - Division entry of transferring entity (second, constitutive entry)	19.09.2024	Deficiencies remedied (11.09.2024)
Ä 20033467 / 15	13.03.2024	Entry - Second, constitutive merger entry (on acquiring entity’s registry card)		Entered into force (13.03.2024)
Ä 20033467 / 14	12.08.2022	Entry - Second, constitutive merger entry (on acquiring entity’s registry card)		Entered into force (12.08.2022)

1 - 5 / 34 rows

Real estate

Address	Area	Purpose
2 Tallinn-Tartu-Võru-Luhamaa tee, Imavere küla, Järva vald, Järva maakond	992 m²	Transport land 100%
49 Imavere - Viljandi - Karksi-Nuia tee, Imavere küla, Järva vald, Järva maakond	5549 m²	Transport land 100%
Aadu, Metstaguse küla, Järva vald, Järva maakond	618000 m²	Agricultural land 100%
Aalde, Ädu küla, Otepää vald, Valga maakond	182464 m²	Agricultural land 100%
Aasamäe, Karitsa küla, Rapla vald, Rapla maakond	37562 m²	Agricultural land 100%

26 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 1118 rows

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date
2-14-52493/128	Civil case	Court ruling	Bankruptcy law	Maimu Laumets	ECLI:EE:TMK:2022:2.14.52493.20232	26.10.2022
2-14-23161/192	Civil case	Court ruling	Property law	Kaupo Paal, Kaija Kaijanen, Liis Arrak	ECLI:EE:TLRK:2018:2.14.23161.24870	31.08.2018
2-13-20971/72	Civil case	Court judgment	Bankruptcy law	Üllar Roostoja, Triin Uusen-Nacke, Viivi Tomson	ECLI:EE:TRRK:2018:2.13.20971.15200	11.06.2018
2-18-335/7	Civil case	Court judgment (Default judgment)	Law of obligations	Sirje Lahesoo	ECLI:EE:PMK:2018:2.18.335.4027	13.02.2018
2-13-6252/43	Civil case	Court ruling	Property law	Ande Tänav	ECLI:EE:TLRK:2014:2.13.6252.15870	11.06.2014

1 - 5 / 9 rows

Official announcements

Subject	Date
Notice of company merger	22.07.2026
Notice of auction of immovable property in enforcement proceedings	27.03.2026
Notice of auction of immovable property in enforcement proceedings	27.03.2026
Notice of decision not to initiate environmental-impact assessment	26.03.2026
Notice of auction of immovable property in enforcement proceedings	03.03.2026

1 - 5 / 73 rows

Public transactions

Date	Party	Amount	Classification
08.04.2026	Sihtasutus Keskkonnainvesteeringute Keskus	562.72 € Received	OTHER GRANTS Forestry
02.03.2026	Olustvere Teenindus- ja Maamajanduskool	205.86 € Received	OPERATING EXPENSES Vocational education
25.02.2026	Põllumajanduse Registrite ja Informatsiooni Amet	212 750.80 € Received	OTHER GRANTS Agriculture
20.01.2026	Paide Linnavalitsus	300.00 € Received	OPERATING EXPENSES Biodiversity and landscape conservation
15.12.2025	Olustvere Teenindus- ja Maamajanduskool	202.53 € Received	OPERATING EXPENSES Vocational education

1 - 5 / 38 rows

.ee domains

Domain	Status	Registered	Expires	End
metsamaahaldus.ee	Active	26.07.2016	27.07.2027	-

1 - 1 / 1 rows

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders