Nordic Solar Energy Trade OÜ

Active Registry code 11521771 OÜ Räni alevik Registered 22 Aug 2008
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Nordic Solar Energy Trade OÜ is a OÜ based in Räni alevik, registry code 11521771, status: active. Main activity: Distribution of electricity. According to EMTA, turnover for Q3 2026 was €69 285 with employees.

Turnover
69 285 €
↑ 74.8% vs Q2 2026
State taxes
11 485 €
↑ 67.2% vs Q2 2026
Labour taxes
0 €
Employees
—

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Electricity, gas, steam and air conditioning supply · EMTAK 35

  • Turnover · Q3 2026 69 285 €
    industry median 3 039 € · companies in the industry: 735
  • Revenue · 2025 76 550 €
    industry median 3 747 € · companies in the industry: 1 008
  • Net profit margin · 2025 -293.8 %
    industry median 3.6 % · companies in the industry: 693

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 69 285 € · +74.8% vs Q2 2026 · industry median 3 039 € · above 77% of the industry
050100150200Q4 2023 Company: 193 987 € Industry median: 3 548 €Q4·23Q1 2024 Company: 46 857 € Industry median: 919 €Q2 2024 Company: 31 658 € Industry median: 3 798 €Q2·24Q3 2024 Company: 49 619 € Industry median: 4 925 €Q4 2024 Company: 74 345 € Industry median: 3 257 €Q4·24Q1 2025 Company: 44 919 € Industry median: 1 195 €Q2 2025 Company: 23 616 € Industry median: 3 174 €Q2·25Q3 2025 Company: 77 841 € Industry median: 2 640 €Q4 2025 Company: 14 894 € Industry median: 2 889 €Q4·25Q1 2026 Company: 4 392 € Industry median: 1 972 €Q2 2026 Company: 39 635 € Industry median: 2 924 €Q2·26Q3 2026 Company: 69 285 € Industry median: 3 039 €Q3·26020406080Q4 2024 Company: 74 345 € Industry median: 3 257 €Q1 2025 Company: 44 919 € Industry median: 1 195 €Q1·25Q2 2025 Company: 23 616 € Industry median: 3 174 €Q3 2025 Company: 77 841 € Industry median: 2 640 €Q3·25Q4 2025 Company: 14 894 € Industry median: 2 889 €Q1 2026 Company: 4 392 € Industry median: 1 972 €Q1·26Q2 2026 Company: 39 635 € Industry median: 2 924 €Q3 2026 Company: 69 285 € Industry median: 3 039 €Q3·26
  • Company
  • Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q2 2025: 0 € · industry median 2 531 € · above 2% of the industry
01 0002 0003 000Q4 2023 Company: 0 € Industry median: 2 214 €Q4·23Q1 2024 Company: 0 € Industry median: 2 418 €Q2 2024 Company: 0 € Industry median: 2 645 €Q2·24Q3 2024 Company: 0 € Industry median: 2 343 €Q4 2024 Company: 0 € Industry median: 2 432 €Q4·24Q1 2025 Company: 0 € Industry median: 2 583 €Q2 2025 Company: 0 € Industry median: 2 531 €Q2·25Q3 2025 Company: — Industry median: 2 771 €Q4 2025 Company: — Industry median: 2 743 €Q4·25Q1 2026 Company: — Industry median: 2 845 €Q2 2026 Company: — Industry median: 2 754 €Q2·26Q3 2026 Company: — Industry median: 2 710 €Q3·2601 0002 0003 000Q4 2024 Company: 0 € Industry median: 2 432 €Q1 2025 Company: 0 € Industry median: 2 583 €Q1·25Q2 2025 Company: 0 € Industry median: 2 531 €Q3 2025 Company: — Industry median: 2 771 €Q3·25Q4 2025 Company: — Industry median: 2 743 €Q1 2026 Company: — Industry median: 2 845 €Q1·26Q2 2026 Company: — Industry median: 2 754 €Q3 2026 Company: — Industry median: 2 710 €Q3·26
  • Company
  • Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q2 2025: 1 · +0.0% vs Q1 2025
0.00.20.40.60.81.0Q4 2023 Company: 1Q4·23Q1 2024 Company: 1Q2 2024 Company: 1Q2·24Q3 2024 Company: 1Q4 2024 Company: 1Q4·24Q1 2025 Company: 1Q2 2025 Company: 1Q2·25Q3 2025 Company: —Q4 2025 Company: —Q4·25Q1 2026 Company: —Q2 2026 Company: —Q2·26Q3 2026 Company: —Q3·260.00.20.40.60.81.0Q4 2024 Company: 1Q1 2025 Company: 1Q1·25Q2 2025 Company: 1Q3 2025 Company: —Q3·25Q4 2025 Company: —Q1 2026 Company: —Q1·26Q2 2026 Company: —Q3 2026 Company: —Q3·26
State taxes, € Q3 2026: 11 485 € · +67.2% vs Q2 2026
05 00010 00015 00020 000Q4 2023 Company: 17 025 €Q4·23Q1 2024 Company: 7 692 €Q2 2024 Company: 4 859 €Q2·24Q3 2024 Company: 7 365 €Q4 2024 Company: 13 853 €Q4·24Q1 2025 Company: 7 119 €Q2 2025 Company: 1 747 €Q2·25Q3 2025 Company: 12 968 €Q4 2025 Company: 2 666 €Q4·25Q1 2026 Company: 100 €Q2 2026 Company: 6 870 €Q2·26Q3 2026 Company: 11 485 €Q3·2605 00010 00015 000Q4 2024 Company: 13 853 €Q1 2025 Company: 7 119 €Q1·25Q2 2025 Company: 1 747 €Q3 2025 Company: 12 968 €Q3·25Q4 2025 Company: 2 666 €Q1 2026 Company: 100 €Q1·26Q2 2026 Company: 6 870 €Q3 2026 Company: 11 485 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 69 285 11 485 — —
Q2 2026 39 635 6 870 — —
Q1 2026 4 392 100 — —
Q4 2025 14 894 2 666 — —
Q3 2025 77 841 12 968 — —
Q2 2025 23 616 1 747 — 1
Q1 2025 44 919 7 119 — 1
Q4 2024 74 345 13 853 — 1
Q3 2024 49 619 7 365 — 1
Q2 2024 31 658 4 859 — 1
Q1 2024 46 857 7 692 — 1
Q4 2023 193 987 17 025 — 1
Q3 2023 125 265 17 904 — 1
Q2 2023 55 058 7 714 — 1
Q1 2023 67 538 — — 1
Q4 2022 90 633 14 274 — 1
Q3 2022 356 106 21 413 — 1
Q2 2022 267 466 49 897 — —
Q1 2022 14 762 1 576 — —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 76 550 € · −62.7% vs 2024 · industry median 3 747 € · above 77% of the industry
02004006008002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 123 885 € Industry median: 28 215 €20192020 Company: 792 250 € Industry median: 698 €20202021 Company: 167 420 € Industry median: 4 398 €20212022 Company: 689 825 € Industry median: 13 412 €20222023 Company: 329 307 € Industry median: 4 448 €20232024 Company: 205 222 € Industry median: 4 456 €20242025 Company: 76 550 € Industry median: 3 747 €202502004006008002018 Company: — Industry median: —2019 Company: 123 885 € Industry median: 28 215 €20192020 Company: 792 250 € Industry median: 698 €2021 Company: 167 420 € Industry median: 4 398 €20212022 Company: 689 825 € Industry median: 13 412 €2023 Company: 329 307 € Industry median: 4 448 €20232024 Company: 205 222 € Industry median: 4 456 €2025 Company: 76 550 € Industry median: 3 747 €2025
  • Company
  • Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -224 942 € · −620.6% vs 2024 · industry median 0 € · above 2% of the industry
-400-20002004002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 57 428 € Industry median: 0 €20192020 Company: 15 371 € Industry median: 0 €20202021 Company: -122 776 € Industry median: 101 €20212022 Company: 382 328 € Industry median: 1 580 €20222023 Company: 79 726 € Industry median: 0 €20232024 Company: -31 214 € Industry median: 0 €20242025 Company: -224 942 € Industry median: 0 €2025-400-20002004002018 Company: — Industry median: —2019 Company: 57 428 € Industry median: 0 €20192020 Company: 15 371 € Industry median: 0 €2021 Company: -122 776 € Industry median: 101 €20212022 Company: 382 328 € Industry median: 1 580 €2023 Company: 79 726 € Industry median: 0 €20232024 Company: -31 214 € Industry median: 0 €2025 Company: -224 942 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -293.8 % · −278.6 pp vs the year before · industry median 3.6 % · above 2% of the industry
-300-200-10001002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 46.4 % Industry median: 9.7 %20192020 Company: 1.9 % Industry median: 8.8 %20202021 Company: -73.3 % Industry median: 23.4 %20212022 Company: 55.4 % Industry median: 51.2 %20222023 Company: 24.2 % Industry median: 15.7 %20232024 Company: -15.2 % Industry median: 4.5 %20242025 Company: -293.8 % Industry median: 3.6 %2025-300-200-10001002018 Company: — Industry median: —2019 Company: 46.4 % Industry median: 9.7 %20192020 Company: 1.9 % Industry median: 8.8 %2021 Company: -73.3 % Industry median: 23.4 %20212022 Company: 55.4 % Industry median: 51.2 %2023 Company: 24.2 % Industry median: 15.7 %20232024 Company: -15.2 % Industry median: 4.5 %2025 Company: -293.8 % Industry median: 3.6 %2025
  • Company
  • Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 2 458 071 € · −10.6% vs 2024
01 0002 0003 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 352 730 €20192020 Company: 2 844 748 €20202021 Company: 2 751 060 €20212022 Company: 2 962 503 €20222023 Company: 2 864 474 €20232024 Company: 2 749 292 €20242025 Company: 2 458 071 €202501 0002 0003 0002018 Company: —2019 Company: 352 730 €20192020 Company: 2 844 748 €2021 Company: 2 751 060 €20212022 Company: 2 962 503 €2023 Company: 2 864 474 €20232024 Company: 2 749 292 €2025 Company: 2 458 071 €2025
Equity, € thousand 2025: 290 180 € · −43.7% vs 2024
02004006002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 191 687 €20192020 Company: 207 058 €20202021 Company: 84 282 €20212022 Company: 466 610 €20222023 Company: 546 336 €20232024 Company: 515 122 €20242025 Company: 290 180 €202502004006002018 Company: —2019 Company: 191 687 €20192020 Company: 207 058 €2021 Company: 84 282 €20212022 Company: 466 610 €2023 Company: 546 336 €20232024 Company: 515 122 €2025 Company: 290 180 €2025
Employees 2025: 0 · industry median 2 · above 2% of the industry
0.00.51.01.52.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 220182019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 220202021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 220222023 Company: 0 Industry median: 220232024 Company: 0 Industry median: 220242025 Company: 0 Industry median: 220250.00.51.01.52.02018 Company: 0 Industry median: 22019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 22021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 22023 Company: 0 Industry median: 220232024 Company: 0 Industry median: 22025 Company: 0 Industry median: 22025
  • Company
  • Industry median

Industry: Electricity, gas, steam and air conditioning supply (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 76 550 -224 942 0 2 458 071 290 180 0
2024 205 222 -31 214 0 2 749 292 515 122 0
2023 329 307 79 726 0 2 864 474 546 336 0
2022 689 825 382 328 0 2 962 503 466 610 0
2021 167 420 -122 776 0 2 751 060 84 282 0
2020 792 250 15 371 0 2 844 748 207 058 0
2019 123 885 57 428 0 352 730 191 687 0
2018 — — — — — 0
2017 — — — — — 0
2016 — — — — — 0
2015 — — — — — 0
2014 — — — — — 0
2013 — — — — — 0
2012 — — — — — 0
2011 — — — — — 0
2010 — — — — — 0
2009 — — — — — 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

Net profit margin
-293.8 %
Net profit / revenue
Return on equity (ROE)
-77.5 %
Net profit / equity
Return on assets (ROA)
-9.2 %
Net profit / assets
Equity ratio
11.8 %
Equity / assets
Debt ratio
88.2 %
Liabilities / assets
Current ratio
0.16
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 29 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 27 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 27 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 22 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 6 Oct 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 14 Jul 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 25 Sep 2020 Company’s own e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 1 944 900 € Coop Pank AS 14 Oct 2020 – in force

Board

  • Ronald Järv
    Board member · since 10 Apr 2018
  • Nasdaq CSD SE
    Keeper of the share register · since 5 May 2020

Right of representation

Any member of the management board may represent the private limited company in all transactions.

Owners

Beneficial owners

  • Ronald Järv
    Member of a senior management body (management or supervisory board) · since 23 Sep 2020

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 35141Distribution of electricity Main
  • 46141Activities of agents involved in the wholesale of machinery, industrial equipment, ships and aircraft
  • 68201Rental and operating of own or leased real estate
  • 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.
Rulings
Number, date Title Deadline State Document
Ä 40021727 / 13
8 Oct 2026
Amendment entry In force
8 Oct 2026
PDF
Ä 40021727 / 12
17 Sep 2025
Amendment entry In force
17 Sep 2025
PDF
Ä 40021727 / 11
1 Sep 2021
Amendment under Commercial Code § 525 (2) In force
1 Sep 2021
PDF
K 40021727 / 10
14 Oct 2020
Commercial pledge entered In force
14 Oct 2020
PDF
Ä 40021727 / 9
5 May 2020
Amendment entry In force
5 May 2020
PDF
Ä 40021727 / M4
23 Mar 2020
Ruling to eliminate deficiencies 22 Apr 2020 Deficiencies eliminated
23 Mar 2020
PDF
Ä 40021727 / 8
23 Mar 2020
Amendment entry In force
23 Mar 2020
PDF
Ä 40021727 / 7
10 Apr 2018
Amendment entry In force
10 Apr 2018
PDF
Ä 40021727 / 6
19 Jan 2018
Amendment entry In force
19 Jan 2018
PDF
Ä 40021727 / 5
5 Dec 2017
Amendment entry In force
5 Dec 2017
PDF
Ä 40021727 / 4
19 Aug 2014
Amendment entry In force
19 Aug 2014
PDF
Ä 40021727 / M3
14 Aug 2014
Ruling to eliminate deficiencies 29 Aug 2014 Deficiencies eliminated
19 Aug 2014
PDF
Ä 40021727 / M2
13 Aug 2014
Ruling to eliminate deficiencies 12 Sep 2014 Deficiencies eliminated
19 Aug 2014
PDF
Ä 40021727 / 3
13 Mar 2012
Entry refused: deficiencies not eliminated In force
13 Mar 2012
PDF
Ä 40021727 / M1
2 Sep 2011
Ruling to eliminate deficiencies 25 Nov 2011 In force
2 Sep 2011
PDF
Ä 21727 / 2
2 Sep 2008
Amendment entry In force
2 Sep 2008
PDF
Ä 21727
22 Aug 2008
First entry In force
22 Aug 2008
PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data