Nord Solar Business OÜ
Nord Solar Business OÜ is a OÜ based in Tartu linn, registry code 11213182, status: active. Main activity: Construction of utility projects for electricity and telecommunications. According to EMTA, turnover for Q3 2026 was €660 147 with 4 employees.
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 660 147 €above 88% of companiesindustry median 52 240 € · companies in the industry: 1 125
- Labour taxes per employee 3 202 €above 76% of companiesindustry median 1 750 € · companies in the industry: 933
- Revenue · 2025 1.8 mn €above 90% of companiesindustry median 88 960 € · companies in the industry: 1 426
- Net profit margin · 2025 4.0 %above 46% of companiesindustry median 5.0 % · companies in the industry: 1 185
Taxes and turnover
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 660 147 | 52 474 | 12 806 | 4 |
| Q2 2026 | 530 927 | 37 043 | 13 461 | 4 |
| Q1 2026 | 533 601 | 10 275 | 13 008 | 4 |
| Q4 2025 | 889 110 | 75 583 | 13 286 | 4 |
| Q3 2025 | 532 244 | 64 114 | 8 521 | 4 |
| Q2 2025 | 264 388 | 5 032 | — | 4 |
| Q1 2025 | 140 495 | 10 762 | — | — |
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Civil engineering (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 1 839 154 | 74 005 | 71 204 | 525 571 | 74 005 | 2 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 121 | -12 424 | 0 | 50 454 | 14 436 | 1 |
| 2022 | 7 851 | 1 530 | 0 | 62 588 | 26 860 | 0 |
| 2021 | 7 676 | 943 | 0 | 63 857 | 25 330 | 0 |
| 2020 | 8 167 | 4 145 | 0 | 62 435 | 24 387 | 0 |
| 2019 | 4 436 | 3 487 | 0 | 58 115 | 20 242 | 0 |
| 2018 | — | — | — | — | — | 0 |
| 2017 | — | — | — | — | — | 0 |
| 2016 | — | — | — | — | — | 0 |
| 2015 | — | — | — | — | — | 0 |
| 2014 | — | — | — | — | — | 0 |
| 2013 | — | — | — | — | — | 0 |
| 2012 | — | — | — | — | — | 0 |
| 2011 | — | — | — | — | — | 0 |
| 2010 | — | — | — | — | — | 0 |
| 2009 | — | — | — | — | — | 0 |
| 2006 | — | — | — | — | — | 0 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2025
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 25 Feb 2026 | Company’s own | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 29 Jul 2025 | Company’s own | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 3 Sep 2024 | Company’s own | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 12 Apr 2023 | Company’s own | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 15 Jun 2022 | Company’s own | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 21 Jun 2021 | Company’s own | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 20 Mar 2020 | Company’s own | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 1 | 390 000 € | Finora Bank UAB | 15 May 2026 – in force |
Board
- Andrus ArmulikBoard member · since 11 Dec 2024
- Vahur SaluBoard member · since 11 Dec 2024
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Nord Capital Holding OÜLegal person · 17123942 · 10 224 €
Beneficial owners
- Andrus ArmulikIndirect ownership · since 3 Dec 2024
- Vahur SaluIndirect ownership · since 3 Dec 2024
Founders and other persons
- OÜ Altius ConsultFounder · 40 000 € · 27 Jan 2006
Related companies
Activities (EMTAK)
- 42221Construction of utility projects for electricity and telecommunications Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| K 10095398 / 18 15 May 2026 |
Commercial pledge entered | In force 15 May 2026 |
||
| Ä 10095398 / 17 15 May 2025 |
Amendment entry | In force 15 May 2025 |
||
| Ä 10095398 / 16 11 Dec 2024 |
Amendment entry | In force 11 Dec 2024 |
||
| Ä 10095398 / 15 2 Dec 2024 |
Amendment entry | In force 2 Dec 2024 |
||
| Ä 10095398 / 14 3 Jun 2024 |
Amendment entry | In force 3 Jun 2024 |
||
| Ä 10095398 / M1 22 May 2024 |
Ruling to eliminate deficiencies | 23 Jun 2024 | Deficiencies eliminated 3 Jun 2024 |
|
| Ä 10095398 / 13 20 May 2024 |
Amendment entry | In force 20 May 2024 |
||
| Ä 10095398 / 12 10 May 2024 |
Amendment entry | In force 10 May 2024 |
||
| Ä 10095398 / 11 1 Sep 2023 |
Amendment entry | In force 1 Sep 2023 |
||
| Ä 10095398 / 10 3 May 2021 |
Amendment entry | In force 3 May 2021 |
||
| Ä 10095398 / 9 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10095398 / 8 29 Nov 2017 |
Amendment entry | In force 29 Nov 2017 |
||
| Ä 10095398 / 7 16 Sep 2016 |
Amendment entry | In force 16 Sep 2016 |
||
| Ä 10095398 / 6 19 Jan 2012 |
Amendment entry | In force 19 Jan 2012 |
||
| Ä 10095398 / 5 27 Dec 2011 |
Entry refused: deficiencies not eliminated | 12 Jan 2012 | In force 28 Dec 2011 |
|
| Ä 95398 / 4 30 Oct 2009 |
Amendment entry | In force 30 Oct 2009 |
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| Ä 95398 / 3 3 Dec 2008 |
Deletion of activities from the registry card | In force 11 Dec 2008 |
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| Ä 95398 / 2 10 Feb 2006 |
Amendment entry | In force 13 Feb 2006 |
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| Ä 95398 26 Jan 2006 |
First entry | In force 27 Jan 2006 |
Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data