aktsiaselts TOFTAN

Legal form:: Public limited company
Registry code:: 10135758
VAT no.:: EE100421123
Fiscal-year period:: 01.01 - 31.12
Established:: 21.10.1996 (30 y)
Capital:: 223 386 EUR
Address:: Varese saeveski, Varese küla, Võru vald, Võru maakond, 66642
Status:: Registered
LEI code:: 8945001S7JMX5Z2KCV88
E-invoice reception:: Arvekeskus

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Contacts

Phone:: +372 7827800
Email:: Toftan@toftan.ee
Website:: http://www.toftan.ee

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Industries

MANUFACTURING
Wood processing and manufacture of wood and cork products, except furniture; manufacture of articles of straw and plaiting materials
Sawing and planing of wood; wood processing and finishing
16111 – Sawing and planing of wood
AGRICULTURE, FORESTRY AND FISHING
Forestry and logging
02201 – Logging

Industry TOPNo. 3 of 227 companies

1.Stora Enso Eesti AS208.4M €
2.aktsiaselts RAIT100.4M €
3.aktsiaselts TOFTAN84.7M €
4.Lotus Timber OÜ70.8M €
5.AKTSIASELTS NATURAL59.1M €
6.osaühing Eesti Höövelliist50.7M €
7.aktsiaselts Viiratsi Saeveski48.7M €
8.Osaühing LEVENTEK46.3M €
9.VinCom OÜ45.2M €
10.OÜ Vara Saeveski35.8M €

Main activity 16111 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100421123	01.01.1995	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	12.06.2025 – 31.12.2025	19.08.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	30.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	30.06.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	30.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	29.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	30.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	30.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	29.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	12.07.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	05.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	30.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	30.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	25.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	27.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	27.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	19.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	30.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	09.08.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	04.07.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	19.06.2002	Valid	PDF
2000	01.01.2000 – 31.12.2000	09.08.2001	Valid	PDF

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No unsubmitted declarations as of 23.10.2026.

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Tax debt Reports Declarations Court decisions2 Official announcements33 TTJA decisions–Real estate10 .ee domains1 Licenses2 Regulations26 Public transactions17 Grants2 State aid13 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	1,28 M €	503 407 €	13,8 M €−44,3%	93
2026 Q2	836 080 €	531 126 €	24,8 M €+11,5%	93
2026 Q1	865 585 €	483 441 €	22,3 M €−6,1%	94
Total 2026:	2,99 M €	1,52 M €	60,9 M €
2025 Q4	641 015 €	505 499 €	23,7 M €+74,3%	97
2025 Q3	470 076 €	520 538 €	13,6 M €−42,4%	92
2025 Q2	747 076 €	553 600 €	23,6 M €+22,4%	96
2025 Q1	11,4 M €	495 891 €	19,3 M €−18,9%	95
Total 2025:	13,2 M €	2,08 M €	80,3 M €
2024 Q4	486 883 €	448 375 €	23,8 M €+65,8%	96
2024 Q3	775 366 €	479 146 €	14,4 M €−36,3%	93
2024 Q2	1,03 M €	458 270 €	22,5 M €+29,1%	95
2024 Q1	454 572 €	454 940 €	17,5 M €−4,3%	90
Total 2024:	2,74 M €	1,84 M €	78,2 M €
2023 Q4	296 362 €	564 130 €	18,3 M €+83,2%	90
2023 Q3	654 781 €	540 344 €	9,96 M €−64,1%	119
2023 Q2	860 425 €	571 731 €	27,8 M €+20,5%	125
2023 Q1	694 149 €	572 474 €	23,1 M €−13,6%	124
Total 2023:	2,51 M €	2,25 M €	79,1 M €
2022 Q4	200 368 €	488 711 €	26,7 M €+18,7%	126
2022 Q3	508 003 €	545 388 €	22,5 M €−50,1%	122
2022 Q2	11,7 M €	501 644 €	45,0 M €+37,3%	123
2022 Q1	232 699 €	541 721 €	32,8 M €−18,6%	121
Total 2022:	12,6 M €	2,08 M €	127,0 M €
2021 Q4	746 857,36 €	477 241,98 €	40,3 M €+50,0%	125
2021 Q3	791 655,67 €	466 772,17 €	26,8 M €+5,5%	125
2021 Q2	975 766,64 €	471 896,74 €	25,4 M €+25,0%	125
2021 Q1	467 546,64 €	497 906,61 €	20,3 M €−2,6%	123
Total 2021:	2,98 M €	1,91 M €	112,9 M €
2020 Q4	198 712 €	441 094,67 €	20,9 M €+53,0%	124
2020 Q3	471 622,11 €	501 551,18 €	13,6 M €−31,1%	126
2020 Q2	39 278,88 €	475 762,77 €	19,8 M €+11,5%	127
2020 Q1	448 923 €	471 869 €	17,8 M €−2,4%	129
Total 2020:	1,16 M €	1,89 M €	72,1 M €
2019 Q4	54 056 €	443 970 €	18,2 M €+37,4%	131
2019 Q3	662 891 €	489 584 €	13,2 M €−36,1%	137
2019 Q2	259 994 €	473 594 €	20,7 M €+26,7%	131
2019 Q1	139 725 €	462 749 €	16,3 M €−7,8%	125
Total 2019:	1,12 M €	1,87 M €	68,5 M €
2018 Q4	0 €	452 230 €	17,7 M €+40,2%	124
2018 Q3	688 166 €	485 682 €	12,7 M €−35,6%	124
2018 Q2	131 538 €	454 462 €	19,7 M €+20,0%	127
2018 Q1	131 705 €	542 692 €	16,4 M €−4,6%	126
Total 2018:	951 409 €	1,94 M €	66,4 M €
2017 Q4	413 677 €	442 580 €	17,2 M €+26,8%	140
2017 Q3	506 277 €	483 805 €	13,5 M €−31,3%	141
2017 Q2	468 443 €	471 610 €	19,7 M €+19,4%	146
2017 Q1	427 256 €	447 475 €	16,5 M €+44,6%	143
Total 2017:	1,82 M €	1,85 M €	66,9 M €
2016 Q4	-392 446 €	418 078 €	11,4 M €−0,8%	133
2016 Q3	-124 571 €	421 288 €	11,5 M €+19,8%	133
2016 Q2	52 239 €	351 536 €	9,60 M €−9,3%	133
2016 Q1	497 201 €	387 531 €	10,6 M €+8,9%	133
Total 2016:	32 423 €	1,58 M €	43,1 M €
2015 Q4	327 962 €	347 809 €	9,72 M €−21,3%	127
2015 Q3	415 399 €	441 981 €	12,4 M €+24,0%	127
2015 Q2	382 989 €	356 373 €	9,96 M €−6,6%	127
2015 Q1	360 501 €	381 476 €	10,7 M €	127
Total 2015:	1,49 M €	1,53 M €	42,7 M €

Revenue by industry

	2023	2024	2025
Sawing and planing of wood		66 696 000 €	29 016 684 €
Logging		1 674 000 €	762 281 €
Manufacture of sawn timber	54 746 000 €
Manufacture of other wood products, incl. wood chips, wood wool etc.	9 895 000 €
Wholesale of wood and primary wood products	2 409 000 €

Tax debts

No tax debt found

No tax debt as of 23.10.2026

Representatives

	Personal ID code
Martin Arula	37103XXXXXX	10.03.1971 (55)	Board member	01.08.2025	-
Janek Antipin	38009XXXXXX	24.09.1980 (46)	Board member	01.08.2025	-

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Shareholders

	Personal ID code
Combimill Reopalu OÜ	10282560	08.10.1997 (29)	Shareholder	103 504,20 EUR	46,33%	Sole ownership	07.01.2026	-
Combimill Sakala OÜ	12216538	10.01.2012 (14)	Shareholder	103 504,20 EUR	46,33%	Sole ownership	07.01.2026	-

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Other persons

	Personal ID code
Ullabritt Murumaa	48707XXXXXX	01.07.1987 (39)	Chairman of the supervisory board	24.07.2025	-
Aimar Kreevald	37507XXXXXX	29.07.1975 (51)	Supervisory-board member	24.07.2025	-
Marek Moorits	37506XXXXXX	27.06.1975 (51)	Supervisory-board member	24.07.2025	-
KPMG Baltics OÜ	10096082	22.11.1996 (29)	Audit firm	01.01.2017	-

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Ultimate beneficial owners

	Personal ID code
Janek Antipin	38009XXXXXX	24.09.1980 (46)	Member of higher governing body (board or supervisory board)	05.08.2025	-
Martin Arula	37103XXXXXX	10.03.1971 (55)	Member of higher governing body (board or supervisory board)	05.08.2025	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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2026 Q3

Turnover

Amount: 13 833 074 €
Monthly average: 4 611 025 €
Per employee: 49 581 €
Equity ratio: 2 064,15%

Labour taxes

Turnover ratio: 3,64%
Tax ratio: 39,23%
Monthly average: 167 802 €
Per employee: 1 804 €

State taxes

Monthly average: 427 784 €
Turnover ratio: 9,28%

Estimated salary

Gross salary: 3 270 €
Net salary: 2 613 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	20 079 424 €−16,0%	23 903 000 €−32,7%	35 517 000 €+5,8%	33 577 000 €−41,4%	57 324 000 €+90,1%	30 148 000 €+36,5%	22 080 000 €
Non-current assets	54 453 400 €+532%	8 614 000 €−76,6%	36 861 000 €−14,6%	43 138 000 €−9,2%	47 530 000 €−6,8%	50 996 000 €−5,4%	53 918 000 €
Total assets	74 532 824 €+129%	32 517 000 €−55,1%	72 378 000 €−5,7%	76 715 000 €−26,8%	104 854 000 €+29,2%	81 144 000 €+6,8%	75 998 000 €
Short-term liabilities	13 840 356 €−9,1%	15 218 000 €+331%	3 530 000 €−35,3%	5 452 000 €−2,4%	5 588 000 €+37,2%	4 073 000 €+3,4%	3 938 000 €
Long-term liabilities	55 773 044 €+9 719%	568 000 €	-	-	-	-	-
Total liabilities	69 613 400 €+341%	15 786 000 €+347%	3 530 000 €−35,3%	5 452 000 €−2,4%	5 588 000 €+37,2%	4 073 000 €+3,4%	3 938 000 €
Share or stock capital	223 386 €+0,2%	223 000 €	223 000 €	223 000 €	223 000 €	223 000 €	223 000 €
Retained earnings	-1 589 946 €−108%	19 090 000 €−72,6%	69 673 000 €+24,2%	56 076 000 €−25,7%	75 481 000 €+7,1%	70 470 000 €+2,9%	68 506 000 €
Net profit	4 919 220 €+225%	-3 949 000 €−63,5%	-2 415 000 €−118%	13 597 000 €−38,7%	22 195 000 €+343%	5 011 000 €+155%	1 964 000 €
Equity	4 919 424 €−70,6%	16 731 000 €−75,7%	68 848 000 €−3,4%	71 263 000 €−28,2%	99 266 000 €+28,8%	77 071 000 €+7,0%	72 060 000 €
Turnover	29 778 966 €−56,4%	68 370 000 €+2,0%	67 050 000 €−38,7%	109 375 000 €+9,4%	100 009 000 €+55,2%	64 442 000 €+3,8%	62 070 000 €
Profit margin	16,5%	-5,8%	-3,6%	12,4%	22,2%	7,8%	3,2%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	6,2	10,3
Quick ratio	5,2	8,9
Cash ratio	3,7	6,8
Efficiency
Days sales outstanding (dso)	89,8	101,2
Asset turnover	1,2	1,1
Structure
Debt ratio	0,1	0,1
Profitability
Operating margin	21,3%	21,5%
Net profit margin	12,4%	22,2%
Return on assets (roa)	15,0%	23,9%
Return on equity (roe)	19,1%	22,4%

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Licences & notices


License	KME000076	Environment	Valid	01.12.2025	-
License	SLM16/6554	Frequency licences	Valid	01.12.2016	30.11.2023

Regulations


Ä 20002172 / M13	13.08.2026	Reporting-fine order	-	Signed13.08.2026
Ä 20002172 / M12	08.07.2026	Fine-warning order – annual report not filed	07.08.2026	Entered into force08.07.2026
Ä 20002172 / 18	30.12.2025	Entry – Second, constitutive merger entry (on acquiring entity’s registry card)	-	Entered into force30.12.2025
Ä 20002172 / 17	01.08.2025	Entry – Amendment entry	-	Entered into force01.08.2025
Ä 20002172 / 16	28.10.2024	Entry – Division entry of transferring entity (second, constitutive entry)	-	Entered into force28.10.2024

Real estate

		Purpose
Joosu, Varese küla, Võru vald, Võru maakond	119 223 m²	Industrial land 100%
Kilbimaa, Varese küla, Võru vald, Võru maakond	26 118 m²	Industrial land 100%
Saekaatri, Varese küla, Võru vald, Võru maakond	37 283 m²	Agricultural land 100%
Saekaatri, Varese küla, Võru vald, Võru maakond	40 967 m²	Industrial land 100%
Saeveski, Varese küla, Võru vald, Võru maakond	40 999 m²	Industrial land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-15-9836/33	Kohtu I astme menetlus	Court ruling	Bankruptcy law	Maimu Laumets	ECLI:EE:TMK:2025:2.15.9836.515	17.01.2025	Open
2-06-805/3	Kohtu I astme menetlus	Court ruling	Law of obligations	Maido Roots	ECLI:EE:VMK:2006:2.06.805.10253	20.03.2006	Open

Official announcements


Notice of company merger	07.01.2026	PDF
Notice of conclusion of a public limited company merger agreement	06.10.2025	PDF
Notice of granting or refusal of an environmental permit	13.12.2024	PDF
Notice of disclosure of the draft environmental permit	13.11.2024	PDF
Notice of conclusion of a public limited company division agreement	31.10.2024	PDF

Public transactions


17.07.2026	Sihtasutus Tehvandi Spordikeskus	1 540,08 €Received	OPERATING EXPENSESSport
21.04.2026	Räpina Vallavalitsus	174,99 €Received	OPERATING EXPENSESBasic and general secondary education
14.04.2026	Sihtasutus Tehvandi Spordikeskus	24 384,60 €Received	OPERATING EXPENSESSport
06.04.2026	OÜ Ülenurme Teed	574,96 €Received	OPERATING EXPENSESCleaning of public areas
01.12.2025	Valgamaa Kutseõppekeskus	2 209,68 €Received	OPERATING EXPENSESVocational education

Funded projects


AS Toftan detailne energia- ja ressursiaudit2014-2020.4.03.17-0174	Ettevõtete energia- ja ressursitõhususERDF · Sihtasutus Keskkonnainvesteeringute Keskus	01.10.2017 – 30.11.20182014-2020	16 500 €support 45,5%	16 500 €	Completed
AS Toftan tehnoloogiline muudatus esimeses saegrupis3.1.1201.10-0419	Tööstusettevõtja tehnoloogiainvesteeringu toetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.05.2010 – 30.04.20112007-2013	633 009,86 €	633 009,86 €	Completed

State aid


13.11.2024	Tallinna TehnikaülikoolAid measure 221436	Koolitus VTA › Koolitus VTAGrant	1 920 €	221436/2400360
20.06.2024	Riigi Tugiteenuste KeskusAid measure 231489	Regionaalareng (VTA) › MuuGrant	149,47 €	231489/2400555
13.04.2023	Riigi Tugiteenuste KeskusAid measure 16562	Regionaalareng (VTA) › MuuGrant	1 324,90 €	16562/2300319
27.02.2023	Eesti TöötukassaAid measure 211134	Koolitus VTA › Koolitus VTAGrant	1 350 €	211134/2300999
23.01.2023	Tallinna TehnikaülikoolAid measure 221436	Koolitus VTA › Koolitus VTAGrant	480 €	221436/2300051

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


toftan.ee	Active	04.07.2010	09.11.2029

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

Data comes from public registers.