OÜ Combiwood

Legal form:: Private limited company
Registry code:: 10998092
VAT no.:: EE100878378
Fiscal-year period:: 01.01 - 31.12
Established:: 18.12.2003 (22 y)
Capital:: 9 588 EUR
Address:: Liimi/1, Möldre küla, Tõrva vald, Valga maakond, 68612
Status:: Registered

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Contacts

Phone:: +372 7671083
Email:: info@combiwood.ee
Website:: www.combiwood.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
Manufacture of products of wood, cork, straw and plaiting materials
Manufacture of other wood products and articles of cork, straw or plaiting materials
16281 – Manufacture of wooden household and decorative articles and other wood products

Industry TOPNo. 3 of 134 companies

1.Osaühing Osula Graanul66.9M €
2.OÜ Helme Graanul46.8M €
3.OÜ Combiwood44M €
4.Osaühing Baltic Log Cabins27.9M €
5.KROONIPUU OÜ4.8M €
6.Briketipoisid OÜ4.4M €
7.EF Production OÜ4.2M €
8.Baltic Fence OÜ3.7M €
9.TK-Team Baltic AS3.5M €
10.Osaühing MP & Puitmeister3.4M €

Main activity 16281 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100878378	02.02.2004	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	19.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	17.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	13.07.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	09.11.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	05.11.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	31.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	24.09.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	18.10.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	17.10.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	25.10.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	14.10.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	24.10.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	28.10.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	25.10.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	28.09.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	20.01.2011	Valid	PDF
2008	01.01.2008 – 31.12.2008	25.09.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	15.07.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	23.10.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	16.08.2006	Valid	PDF
2004	18.12.2003 – 31.12.2004	07.07.2005	Valid	PDF

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No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions1 Official announcements22 TTJA decisions–Real estate5 .ee domains2 Licenses1 Regulations28 Public transactions1 Grants4 State aid5 Public procurement–Holdings in companies5 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	506 775 €	640 318 €	10,6 M €−14,7%	181
2026 Q2	272 983 €	542 010 €	12,4 M €+23,3%	176
2026 Q1	124 863 €	554 766 €	10,0 M €−8,7%	180
Total 2026:	904 621 €	1,74 M €	33,0 M €
2025 Q4	94 806 €	519 977 €	11,0 M €+20,8%	174
2025 Q3	600 610 €	632 105 €	9,11 M €−22,5%	169
2025 Q2	209 047 €	505 627 €	11,7 M €+30,5%	168
2025 Q1	1,19 M €	515 123 €	9,00 M €−4,0%	164
Total 2025:	2,10 M €	2,17 M €	40,9 M €
2024 Q4	466 643 €	491 375 €	9,37 M €+5,9%	163
2024 Q3	498 739 €	510 343 €	8,85 M €−19,3%	166
2024 Q2	441 203 €	466 916 €	11,0 M €+19,3%	171
2024 Q1	1,22 M €	492 332 €	9,20 M €−16,9%	172
Total 2024:	2,62 M €	1,96 M €	38,4 M €
2023 Q4	215 394 €	492 331 €	11,1 M €+14,3%	170
2023 Q3	472 028 €	498 923 €	9,68 M €−19,1%	171
2023 Q2	943 310 €	450 285 €	12,0 M €+13,1%	180
2023 Q1	2,17 M €	486 880 €	10,6 M €+6,0%	181
Total 2023:	3,80 M €	1,93 M €	43,3 M €
2022 Q4	460 602 €	485 415 €	9,99 M €−2,3%	172
2022 Q3	553 512 €	582 769 €	10,2 M €−38,1%	183
2022 Q2	199 087 €	528 452 €	16,5 M €+33,1%	186
2022 Q1	582 824 €	615 746 €	12,4 M €−31,6%	198
Total 2022:	1,80 M €	2,21 M €	49,1 M €
2021 Q4	0 €	555 389,71 €	18,1 M €+36,7%	199
2021 Q3	0 €	616 379,92 €	13,3 M €−11,3%	193
2021 Q2	73 703,08 €	533 882,80 €	15,0 M €+13,5%	205
2021 Q1	724 410,99 €	608 564,64 €	13,2 M €+4,2%	211
Total 2021:	798 114,07 €	2,31 M €	59,5 M €
2020 Q4	468 401,96 €	506 495,28 €	12,6 M €+27,7%	204
2020 Q3	450 997,24 €	486 986,74 €	9,90 M €−8,7%	208
2020 Q2	229 045,29 €	432 290,65 €	10,8 M €−5,2%	203
2020 Q1	280 322 €	464 529 €	11,4 M €+18,7%	202
Total 2020:	1,43 M €	1,89 M €	44,8 M €
2019 Q4	125 937 €	384 274 €	9,63 M €+26,5%	193
2019 Q3	391 964 €	433 577 €	7,62 M €−18,6%	201
2019 Q2	256 940 €	353 526 €	9,35 M €+13,5%	175
2019 Q1	76 704 €	340 770 €	8,24 M €+0,4%	167
Total 2019:	851 545 €	1,51 M €	34,8 M €
2018 Q4	274 695 €	296 619 €	8,21 M €+23,8%	154
2018 Q3	111 615 €	357 741 €	6,63 M €−20,8%	153
2018 Q2	98 149 €	303 807 €	8,37 M €+21,3%	154
2018 Q1	729 €	323 381 €	6,90 M €+2,1%	154
Total 2018:	485 188 €	1,28 M €	30,1 M €
2017 Q4	0 €	301 784 €	6,76 M €+11,1%	147
2017 Q3	155 796 €	342 659 €	6,09 M €−10,6%	141
2017 Q2	96 392 €	289 527 €	6,81 M €−13,2%	145
2017 Q1	0 €	343 404 €	7,85 M €+9,2%	147
Total 2017:	252 188 €	1,28 M €	27,5 M €
2016 Q4	0 €	300 735 €	7,18 M €−15,3%	148
2016 Q3	0 €	355 133 €	8,48 M €+4,5%	148
2016 Q2	0 €	339 834 €	8,12 M €+1,3%	148
2016 Q1	0 €	335 379 €	8,01 M €	148
Total 2016:	0 €	1,33 M €	31,8 M €
2015 Q4	0 €	324 748 €	0 €	1
2015 Q3	0 €	298 916 €	0 €	1
2015 Q2	0 €	308 626 €	0 €	1
2015 Q1	0 €	314 316 €	0 €	1
Total 2015:	0 €	1,25 M €	0 €

Revenue by industry

	2023	2024	2025
Manufacture of wooden household and decorative articles and other wood products		34 793 880 €	36 099 160 €
Manufacture of sawn timber	38 426 208 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Ullabritt Murumaa	48707XXXXXX	01.07.1987 (39)	Board member	07.06.2024	-
Janek Antipin	38009XXXXXX	24.09.1980 (46)	Board member	21.09.2023	-
Priit Koha	37501XXXXXX	19.01.1975 (51)	Board member	11.01.2018	-

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Shareholders

	Personal ID code
Combiwood Grupp OÜ	16122573	16.12.2020 (5)	Shareholder	9 588 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
BDO Eesti OÜ	10309827	04.11.1997 (28)	Audit firm	04.06.2025	-
Hakera OÜ	10944133	26.06.2003 (23)	Founder	18.12.2003	-
Osaühing Trailborg	10746516	26.03.2001 (25)	Founder	18.12.2003	-
OÜ Claribel	10891626	23.09.2002 (24)	Founder	18.12.2003	-
OÜ Woodsmart	10891649	23.09.2002 (24)	Founder	18.12.2003	-

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Ultimate beneficial owners

	Personal ID code
Ullabritt Murumaa	48707XXXXXX	01.07.1987 (39)	Member of higher governing body (board or supervisory board)	06.06.2024	-
Janek Antipin	38009XXXXXX	24.09.1980 (46)	Member of higher governing body (board or supervisory board)	21.03.2024	-
Priit Koha	37501XXXXXX	19.01.1975 (51)	Member of higher governing body (board or supervisory board)	21.03.2024	-

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Holdings in companies


Combistock OÜ	22.11.2016	Shareholder	2 500 EUR	100,00%	Sole ownership	01.09.2023	-
Osaühing Leigola	24.10.2002	Shareholder	1 278 EUR	50,00%	Sole ownership	07.01.2025	-
Vaidawood OÜ	08.12.2014	Shareholder	1 250 EUR	50,00%	Sole ownership	16.08.2023	-
AS PUIT-PROFIIL	28.05.1997	Shareholder	13 741 EUR	50,00%	Sole ownership	31.05.2024	-
VinCom OÜ	13.03.2013	Shareholder	1 851,75 EUR	42,55%	Sole ownership	26.05.2026	-

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2026 Q3

Turnover

Amount: 10 558 638 €
Monthly average: 3 519 546 €
Per employee: 19 445 €
Equity ratio: 36 707,82%

Labour taxes

Turnover ratio: 6,06%
Tax ratio: 126,35%
Monthly average: 213 439 €
Per employee: 1 196 €

State taxes

Monthly average: 168 925 €
Turnover ratio: 4,80%

Estimated salary

Gross salary: 2 232 €
Net salary: 1 832 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	15 349 355 €+2,8%	14 927 991 €−40,8%	25 195 930 €−24,6%	33 408 696 €+12,3%	29 749 322 €+13,8%	26 130 578 €+9,3%	23 906 128 €
Non-current assets	19 556 762 €+1,0%	19 360 266 €+65,7%	11 682 904 €−6,3%	12 470 552 €−22,1%	16 012 619 €+6,1%	15 093 468 €+23,8%	12 191 622 €
Total assets	34 906 116 €+1,8%	34 288 256 €−7,0%	36 878 832 €−19,6%	45 879 248 €+0,3%	45 761 940 €+6,5%	42 973 440 €+16,5%	36 888 312 €
Short-term liabilities	5 298 877 €−15,5%	6 269 643 €+10,8%	5 658 442 €−6,3%	6 040 782 €−2,4%	6 190 619 €+12,5%	5 500 475 €−39,1%	9 038 406 €
Long-term liabilities	-	983 407 €−71,7%	3 475 733 €−44,0%	6 208 290 €+95,0%	3 183 571 €−17,7%	3 868 142 €−10,0%	4 299 471 €
Total liabilities	5 298 877 €−26,9%	7 253 050 €−20,6%	9 134 175 €−25,4%	12 249 072 €+30,7%	9 374 190 €+0,1%	9 368 617 €−29,8%	13 337 877 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	26 002 120 €+11,0%	23 420 072 €−12,6%	26 787 588 €−6,3%	28 577 204 €+7,2%	26 649 722 €+25,7%	21 204 654 €−8,0%	23 060 192 €
Net profit	3 595 533 €−0,3%	3 605 548 €+281%	947 483 €−81,2%	5 042 425 €−48,2%	9 727 482 €+56,8%	6 205 068 €+157%	2 416 011 €
Equity	29 607 240 €+9,5%	27 035 208 €−2,6%	27 744 660 €−17,5%	33 630 176 €−7,6%	36 387 752 €+34,0%	27 152 132 €+23,4%	22 002 558 €
Turnover	36 099 160 €+3,8%	34 793 880 €−9,5%	38 426 208 €−14,1%	44 731 884 €−13,3%	51 591 216 €−6,3%	55 050 544 €+20,1%	45 830 460 €
Profit margin	10,0%	10,4%	2,5%	11,3%	18,9%	11,3%	5,3%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	7 717 566 €	10 438 086 €
Liquidity
Current ratio	5,5	4,8
Quick ratio	3,1	2,0
Cash ratio	1,9	0,3
Efficiency
Days sales outstanding (dso)	73,8	78,3
Asset turnover	1,0	1,2
Structure
Debt ratio	0,3	0,2
Profitability
Operating margin	13,3%	17,3%
Net profit margin	11,3%	18,9%
Return on assets (roa)	11,0%	23,6%
Return on equity (roe)	15,0%	26,7%

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Licences & notices


License	SLM19/3996	Frequency licences	Valid	23.08.2019	22.08.2023

Regulations


Ä 20029931 / M1	06.07.2024	Fine-warning order – annual report not filed	05.08.2024	Deficiencies remedied19.07.2024
Ä 20029931 / 18	07.06.2024	Entry – Amendment entry	-	Entered into force07.06.2024
Ä 20029931 / 17	21.09.2023	Entry – Amendment entry	-	Entered into force21.09.2023
Ä 20029931 / 16	21.03.2023	Entry – Amendment entry	-	Entered into force21.03.2023
Ä 20029931 / 15	10.06.2019	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force10.06.2019

Real estate

		Purpose
Laastu, Möldre küla, Tõrva vald, Valga maakond	28 511 m²	Industrial land 100%
Liimi, Möldre küla, Tõrva vald, Valga maakond	43 802 m²	Industrial land 100%
Liistu, Möldre küla, Tõrva vald, Valga maakond	4895 m²	Industrial land 100%
Tammeliistu, Möldre küla, Tõrva vald, Valga maakond	30 026 m²	Industrial land 100%
Valga tn 62, Tõrva linn, Tõrva vald, Valga maakondSpace: 29	2903 m²	Residential land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-20-7210/90	Apellatsioonmenetlus	Court judgment	Law of obligations	Margit Jäätma, Üllar Roostoja, Anneli Alekand	ECLI:EE:TRRK:2025:2.20.7210.7443	30.04.2025	Open

Official announcements


Notice of granting or refusal of an environmental permit	23.07.2026	PDF
Notice of disclosure of the draft environmental permit	30.06.2026	PDF
Notice of initiation of proceedings for an environmental permit	06.05.2026	PDF
Notice of concentration decision	17.12.2024	PDF
Notice of concentration	05.11.2024	PDF

Public transactions


14.10.2025	Majandus- ja Kommunikatsiooniministeerium	4 296,81 €Received	OTHER GRANTSR&D in general economic, trade and labour policy

Funded projects


Elektrienergia tarbimise analüüs3.1.1701.12-0888	Innovatsiooniosakute toetusmeedeERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	27.08.2012 – 30.10.20122007-2013	4 000 €	4 000 €	Completed
OÜ Combiwood tootmistehnoloogia arendamine3.1.1201.08-0080	Tööstusettevõtja tehnoloogiainvesteeringu toetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.01.2009 – 30.06.20112007-2013	337 690,49 €	308 181,86 €	Completed
Siseruumidesse mõeldud värvitud puit- ja MDF liistude tootmine2.0200.06-0401	Ettevõtluse infrastruktuuri arendamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.05.2006 – 01.04.20072004-2006	183 552,08 €	183 552,08 €	Completed
Siseruumidesse mõeldud värvitud puit- ja MDF liistude tootmine2.0100.06-2061	Ettevõtete arengu toetamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	05.08.2005 – 30.12.20052004-2006	1 597,79 €	1 597,79 €	Completed

State aid


03.10.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718	T&A VTA › T&A VTAGrant	4 296,81 €	241718/2500507
22.11.2020	Tarbijakaitse ja Tehnilise Järelevalve AmetAid measure 20974	Muu › MuuGrant	300 €	20974/2000047
18.10.2017	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Koolitus VTA › Koolitus VTAGrant	127 €	15467/1702193
21.09.2017	Eesti TöötukassaAid measure 14347	Palgatoetus VTA › Palgatoetus VTAGrant	3 039,21 €	14347/1801617
15.03.2016	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Koolitus VTA › Koolitus VTAGrant	2 940 €	15467/1600663

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


combiwoodgroup.ee	Active	13.05.2024	14.05.2029
combiwood.ee	Active	04.07.2010	14.01.2030

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.