UPM OÜ

Legal formLegal form:: Private limited company
Registry codeRegistry code:: 10951848
VAT no.VAT no.:: EE100833795
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 28.05.2003 (23 y)
Former business namesFormer business names:: UPM AS, UPM-KYMMENE FOREST AS
CapitalCapital:: 25 600 EUR
AddressAddress:: Jõe tn 3, Kesklinna linnaosa, Tallinn, Harju maakond, 10151
StatusStatus:: Registered
E-invoice receptionE-invoice reception:: Arvekeskus

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Contacts

PhonePhone:: +372 6261030
EmailEmail:: heikki.kuokkanen@upm.com

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Industries

WHOLESALE AND RETAIL TRADE
Wholesale trade
Other specialised wholesale
Wholesale of wood, construction materials and sanitary equipment
46831 – Wholesale of wood and primary wood products
Wholesale on a fee or contract basis
Wholesale brokerage of other specific goods
46181 – Wholesale brokerage of other specific goods

VAT liability

VAT no.	Start	End
EE100833795	11.06.2003	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	15.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	10.07.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	28.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	22.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	25.08.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.08.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	28.08.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	02.08.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	16.07.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	29.08.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	29.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	10.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	13.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	25.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	19.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	21.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	18.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	09.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	30.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	11.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	29.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	22.06.2005	Valid	PDF
2003	13.05.2003 – 31.12.2003	19.05.2004	Valid	PDF

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No unsubmitted declarations as of 01.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements3 TTJA decisions–Real estate–.ee domains–Licenses–Regulations22 Public transactions–Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	0 €	35 364 €	8,92 M €+1,2%	4
2026 Q1	0 €	28 561 €	8,82 M €+22,4%	4
Total 2026:	0 €	63 925 €	17,7 M €
2025 Q4	0 €	29 544 €	7,20 M €−9,7%	4
2025 Q3	0 €	29 266 €	7,98 M €−25,7%	4
2025 Q2	0 €	31 629 €	10,7 M €−7,4%	4
2025 Q1	0 €	38 389 €	11,6 M €+62,1%	4
Total 2025:	0 €	128 828 €	37,5 M €
2024 Q4	0 €	34 522 €	7,16 M €−12,1%	5
2024 Q3	0 €	36 304 €	8,14 M €−28,9%	6
2024 Q2	0 €	52 474 €	11,5 M €+54,7%	6
2024 Q1	60 216 €	35 375 €	7,41 M €+8,6%	6
Total 2024:	60 216 €	158 675 €	34,2 M €
2023 Q4	8 970 €	34 880 €	6,82 M €−31,0%	5
2023 Q3	151 724 €	53 635 €	9,88 M €−40,1%	5
2023 Q2	0 €	54 727 €	16,5 M €−19,2%	7
2023 Q1	0 €	37 889 €	20,4 M €+28,9%	7
Total 2023:	160 694 €	181 131 €	53,6 M €
2022 Q4	37 216 €	37 830 €	15,8 M €+91,4%	7
2022 Q3	37 688 €	38 327 €	8,27 M €+22,6%	7
2022 Q2	185 169 €	50 491 €	6,74 M €+10,4%	7
2022 Q1	116 061 €	36 341 €	6,11 M €−14,9%	7
Total 2022:	376 134 €	162 989 €	36,9 M €
2021 Q4	200 241,81 €	37 739 €	7,18 M €+70,0%	7
2021 Q3	223 779,64 €	37 195,97 €	4,22 M €−25,9%	7
2021 Q2	69 420,05 €	53 205,78 €	5,70 M €−11,2%	6
2021 Q1	48 138,55 €	48 499,09 €	6,42 M €+18,1%	7
Total 2021:	541 580,05 €	176 639,84 €	23,5 M €
2020 Q4	424 208,98 €	43 399,61 €	5,44 M €+18,2%	8
2020 Q3	222 813,44 €	44 718,02 €	4,60 M €+5,4%	8
2020 Q2	110 697,85 €	62 817,88 €	4,37 M €+36,1%	9
2020 Q1	0 €	55 809 €	3,21 M €−29,8%	9
Total 2020:	757 720,27 €	206 744,51 €	17,6 M €
2019 Q4	51 993 €	52 500 €	4,57 M €−2,1%	10
2019 Q3	265 332 €	53 701 €	4,67 M €−20,4%	10
2019 Q2	0 €	69 291 €	5,87 M €+2,7%	10
2019 Q1	49 533 €	49 531 €	5,71 M €−0,7%	11
Total 2019:	366 858 €	225 023 €	20,8 M €
2018 Q4	0 €	50 605 €	5,75 M €−14,2%	10
2018 Q3	337 142 €	47 987 €	6,71 M €+7,6%	10
2018 Q2	0 €	59 453 €	6,24 M €+67,5%	9
2018 Q1	114 829 €	42 955 €	3,72 M €+94,9%	9
Total 2018:	451 971 €	201 000 €	22,4 M €
2017 Q4	40 789 €	42 113 €	1,91 M €−29,5%	11
2017 Q3	45 150 €	46 946 €	2,71 M €−15,9%	11
2017 Q2	61 060 €	63 905 €	3,22 M €−11,6%	11
2017 Q1	137 153 €	43 105 €	3,65 M €+48,4%	11
Total 2017:	284 152 €	196 069 €	11,5 M €
2016 Q4	-35 985 €	41 392 €	2,46 M €−12,0%	12
2016 Q3	-856 €	47 013 €	2,79 M €−7,7%	12
2016 Q2	-6 186 €	50 933 €	3,02 M €+15,9%	12
2016 Q1	43 026 €	43 962 €	2,61 M €+23,6%	12
Total 2016:	-1 €	183 300 €	10,9 M €
2015 Q4	-40 749 €	42 970 €	2,11 M €−6,6%	12
2015 Q3	40 749 €	45 995 €	2,26 M €−18,0%	12
2015 Q2	-42 822 €	56 095 €	2,76 M €+30,2%	12
2015 Q1	42 822 €	43 089 €	2,12 M €	12
Total 2015:	0 €	188 149 €	9,25 M €

Revenue by industry

	2023	2024	2025
Wholesale of wood and primary wood products	41 652 000 €	34 811 000 €	33 777 000 €
Wholesale brokerage of other specific goods		316 000 €	262 000 €
Intermediation of other specific goods	430 000 €

Tax debts

No tax debt found

No tax debt as of 01.10.2026

Representatives

	Personal ID code
Tommi Juhani Talvia	38205XXXXXX	29.05.1982 (44)	Board member	21.01.2026	-
Eeva Leena Anniina Niiranen	-	24.12.1980 (45)	Board member	01.09.2020	-
Petri Jaakko Antero Meurman	-	06.02.1975 (51)	Board member	01.09.2020	-
Heikki Juhani Kuokkanen	38107XXXXXX	02.07.1981 (45)	Procurator	21.05.2020	-

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Shareholders

	Personal ID code
UPM-KYMMENE Oyj	10410XXXX	-	Shareholder	25 600 EUR	100,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
Ernst & Young Baltic AS	10877299	16.07.2002 (24)	Audit firm	28.10.2024	-
Eva Jansen-Diener	47812XXXXXX	10.12.1978 (47)	Audit firm	01.06.2017	-
Kristiina Veermäe	48506XXXXXX	10.06.1985 (41)	Audit firm	01.06.2017	-
UPM-KYMMENE Oyj	10410XXXX	-	Founder	28.05.2003	-

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Ultimate beneficial owners

	Personal ID code
Tommi Juhani Talvia	38205XXXXXX	29.05.1982 (44)	Member of higher governing body (board or supervisory board)	26.02.2026	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount: 8 920 526 €
Monthly average: 2 973 509 €
Per employee: 743 377 €
Equity ratio: 11 615,27%

Labour taxes

Turnover ratio: 0,40%
Tax ratio: -
Monthly average: 11 788 €
Per employee: 2 947 €

State taxes

Monthly average: 0 €
Turnover ratio: 0,00%

Estimated salary

Gross salary: 5 220 €
Net salary: 4 079 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	3 161 000 €−51,1%	6 458 000 €+125%	2 874 000 €−68,9%	9 255 000 €+217%	2 915 000 €+5,7%	2 757 000 €−35,2%	4 256 000 €
Non-current assets	-	-	-	-	-	-	-
Total assets	3 161 000 €−51,1%	6 458 000 €+125%	2 874 000 €−68,9%	9 255 000 €+217%	2 915 000 €+5,7%	2 757 000 €−35,2%	4 256 000 €
Short-term liabilities	1 885 000 €−63,6%	5 184 000 €+226%	1 592 000 €−80,1%	7 995 000 €+408%	1 574 000 €+9,4%	1 439 000 €+18,1%	1 218 000 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	1 885 000 €−63,6%	5 184 000 €+226%	1 592 000 €−80,1%	7 995 000 €+408%	1 574 000 €+9,4%	1 439 000 €+18,1%	1 218 000 €
Share or stock capital	-	-	-	-	-	-	26 000 €
Retained earnings	275 000 €−2,8%	283 000 €+8,4%	261 000 €−23,7%	342 000 €+7,2%	319 000 €−40,8%	539 000 €−76,4%	2 281 000 €
Net profit	2 000 €+125%	-8 000 €−136%	22 000 €+127%	-81 000 €−452%	23 000 €+110%	-220 000 €+9,1%	-242 000 €
Equity	1 276 000 €+0,2%	1 274 000 €−0,6%	1 282 000 €+1,7%	1 260 000 €−6,0%	1 341 000 €+1,7%	1 318 000 €−56,6%	3 038 000 €
Turnover	34 039 000 €−3,1%	35 127 000 €−16,5%	42 082 000 €+9,8%	38 310 000 €+84,1%	20 811 000 €+28,6%	16 185 000 €−17,8%	19 684 000 €
Profit margin	0,0%	-0,0%	0,1%	-0,2%	0,1%	-1,4%	-1,2%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	1,2	1,9
Quick ratio	1,0	1,7
Cash ratio	0,0	0,0
Efficiency
Days sales outstanding (dso)	49,5	45,8
Asset turnover	6,3	7,3
Structure
Debt ratio	0,9	0,5
Profitability
Operating margin	-0,2%	0,1%
Net profit margin	-0,2%	0,1%
Return on assets (roa)	-1,3%	0,8%
Return on equity (roe)	-6,4%	1,7%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10072571 / 19	21.01.2026	Entry – Amendment entry	-	Entered into force21.01.2026
Ä 10072571 / M3	24.10.2024	Order to remedy deficiencies for correcting extra-entry data	07.11.2024	Deficiencies remedied28.10.2024
Ä 10072571 / 18	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023
Ä 10072571 / 17	30.08.2021	Entry – Amendment entry	-	Entered into force30.08.2021
Ä 10072571 / 16	01.09.2020	Entry – Conversion entry	-	Entered into force01.09.2020

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements


Notice of company reorganisation	10.09.2020	PDF
Notices of commercial and non-profit associations and foundations	03.08.2010	PDF
Notices of commercial and non-profit associations and foundations	12.05.2010	PDF

Public transactions

No public transactions found

Company has no public transactions

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains

No domains found

Company has no valid .ee domains

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.