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Search›Companies›Grovewood Construction OÜ
16912269ActivePrivate limited companyEE102706008 · VAT-registered

Grovewood Construction OÜ

Tartu maakond, Tartu linn, Tartu linn, Taara pst 6·EMTAK 41001 — Construction of residential and non-residential buildings·2+ years
Andmed · ···
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Overview

e-Business Register · 17 h ago
Registry code
e-Business Register
Legal form
Private limited company
Registered
01.02.2024e-Business Register
Address
Taara pst 6, Tartu linn, Tartu linn, 51005 Tartu maakondADS · e-Business Register
E-mail address
ivo.salumets@gmail.come-Business Register
Principal activity
EMTAK 41001 - Construction of residential and non-residential buildingse-Business Register · ETCB
VAT number
ETCB · VAT-registered
Share capital
0,01 €e-Business Register
nimistu
Estonia's public business register
HomeViewsIndustriesBlogSourcesAbout

Public registry of Estonian companies — every fact traceable to a source and a date. Free and ad-free for everyone.

Nimistu MTÜ
Address: Parda tn 8, 10151 Tallinn, Estonia
E-mail: info@nimistu.ee

Browse

  • Home
  • Views
  • Industries
  • Activity licences
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© 2026 Nimistu MTÜ. License CC-BY-SA 4.0 · details
Data · 9 sourcese-Business Register · 7 min agoMTAMTRWeb tech scanEesti Internet
e-Business Register ↗

Registered 1. veebruar 2024, primary activity: Construction of residential and non-residential buildings. Main place of business in Tartu linn, Tartu linn, Tartu maakond.

Revenue 2026 II kv
12 200 €
▲ 36% vs 2025 II kv
As of 10.07.2026 (MTA)
Employees
2
2026 (MTA)
Taxes paid
3305 €
State + labour taxes · 2026 II kv
Tax debt
0 €
As of 22.08.2026 (MTA)
Revenue 2026 (I-II kv)
25k €
▲ 172% vs 2025 I-II kv
As of 10.07.2026 (MTA)
Employees
2
2026 (MTA)
Taxes paid
5k €
State + labour taxes · 2026 (I-II kv)
Tax debt
€0
As of 22.08.2026 (MTA)

Officers

e-Business Register · 17 h ago
IS
Ivo Salumets
Born 1984 · 41 y · board member since 01.02.2024
Board member

Founders

e-Business Register · 17 h ago
IS
Ivo Salumets
Born 1984 · 41 y · founder since 01.02.2024
Founder · 0,01 €

Shareholders

e-Business Register · 17 h ago
IS
Ivo Salumets
Born 1984 · 41 y · shareholder since 04.08.2026
Shareholder 100% · 0,01 €

Annual reports (2)

e-Business Register · annual reports · 17 päeva tagasi
Revenue 2025
35k €
↗ +28.8% vs 2024
Employees 2025
1
0.0% vs 2024
YearRevenueProfitEquityAssetsEmployees

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.07.2026 as of
20k €10k €0
202420252026

Licences (2)

MTR · 16 h tagasi
Active licences
2
Other2
Oldest · Newest
2024→2025
Oldest licenceEEO004430 · 13.03.2024
Newest licenceEEH014213 · 23.07.2025
Active2 / 2
EEH014213
Ehitamine
Majandustegevusteade
From23.07.2025
UntilOpen-ended
Valid

Tech stack

Website analysis · 2 päeva tagasi
Domains (1)
grovewood.ee
SPFDMARC
NSZone.ee
REGZone Media OÜ
SRCEIS WHOIS
Detected technologies
Web serverApache

History

last 2 years · MTA + ÄR + MTR + Procurements
2026
04.08.2026OfficerSai osanikuks— Ivo Salumets · · 100 %
04.08.2026FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 50247221 / 3 · Olek: Jõustunud
  • Kanne nr 3 · kanne
26.06.2026ReportEsitati 2025. aasta aruanne— Käive 35 210 €
2025

Connected companies

Same-person ties · e-Business Register

Grovewood Construction OÜ is connected to 3 other companies through 1 person who hold a role here and elsewhere. The strongest tie runs through Ivo Salumets (3 companies).

Total connections
3
via 1 person
Connecting people
1
Active here
Distinct roles
3
Board member · Founder
Strongest tie
Ivo
3 companies
Via personIvo Salumets
202535 210 €7518 €4k €11k €126.06.2026
202427 342 €−3937 €-4k €13k €129.06.2025
Original files in PDF – the full register on e-Business Register.View reports on e-Business Register
YearRevenue (a)State taxesTaxes on workforceEmployees (Q4)
2026I-II Q24 500 €2854 €2115 €2
202538 840 €4042 €582 €1
202427 342 €1807 €1200 €1
Quarterly breakdown
YearQ1Q2Q3Q4
Revenue 202612k €12k €––
State taxes 20261k €2k €––
Taxes on workforce 2026651 €1k €––
Employees 202622––
Revenue 20250 €9k €14k €15k €
State taxes 2025171 €499 €2k €1k €
Taxes on workforce 2025194 €0 €388 €0 €
Employees 20251111
Revenue 20243k €13k €12k €0 €
State taxes 202451 €470 €1k €–
Taxes on workforce 20240 €329 €871 €–
Employees 20243311
EEO004430
Omanikujärelevalve
Majandustegevusteade
From13.03.2024
UntilOpen-ended
Valid
23.07.2025
LicenceUus MTR tegevusluba— Majandustegevusteade · EEH014213
29.06.2025ReportEsitati 2024. aasta aruanne— Käive 27 342 €
3
IS
Ivo Salumets
board member, founder, shareholder 100%
3 other companies›
CompanyRoleReg. code
Grovewood Invest OÜ
FounderBoard memberShareholder 100%
16064580
OÜ CARICAS
Founder
14495703
OÜ Heliravi
FounderShareholder 50%
12780032

Analysis · 2025

computed from annual reports
Revenue35k €median 59k €60% of the sector median
Net margin21.4%median 3.5%+17.9 pp vs sector median
Revenue per employee35k €median 53k €66% of the sector median
Revenue change28.8%median 4.4%+24.3 pp vs sector median
Equity ratio31.8%
Current ratio1.43
Labour cost of revenue4.3%
Profit per employee7518 €
Compared with2024revenue 27k €

Peer group: Elamute ja mitteeluhoonete ehitus, 6,271 trading companies that filed a report in the last three years.

Founded 2024. That year 22,386 osaühing were registered; 21,854 are still trading, or 97.6%.