Gren Eesti AS

Active Registry code 12114252 AS Pärnu linn Registered 31 May 2011

Gren Eesti AS is a AS based in Pärnu linn, registry code 12114252, status: active. Main activity: Other electricity production, including from biomass. According to EMTA, turnover for Q3 2026 was €5 243 938 with 70 employees.

Turnover

5 243 938 €

↓ 35.8% vs Q2 2026

State taxes

448 740 €

↓ 49.3% vs Q2 2026

Labour taxes

421 090 €

↓ 35.3% vs Q2 2026

Employees

+1 vs Q2 2026

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 5.2 mn €

above 98% of companies

industry median 3 039 € · companies in the industry: 735
Labour taxes per employee 6 016 €

above 83% of companies

industry median 2 710 € · companies in the industry: 179
Revenue · 2025 28.4 mn €

above 98% of companies

industry median 3 747 € · companies in the industry: 1 008
Net profit margin · 2025 -36.3 %

above 22% of companies

industry median 3.6 % · companies in the industry: 693

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 5 243 938 € · −35.8% vs Q2 2026 · industry median 3 039 € · above 98% of the industry

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, € Q3 2026: 6 016 € · −36.2% vs Q2 2026 · industry median 2 710 € · above 83% of the industry

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 Q3 2026: 70 · +1.4% vs Q2 2026

State taxes, € thousand Q3 2026: 448 740 € · −49.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	5 243 938	448 740	421 090	70
Q2 2026	8 171 596	884 651	650 490	69
Q1 2026	14 809 496	788 198	385 639	71
Q4 2025	8 562 672	366 995	365 410	70
Q3 2025	4 289 515	404 215	399 657	69
Q2 2025	7 718 209	764 000	593 516	70
Q1 2025	12 454 512	768 581	379 562	67
Q4 2024	8 507 769	427 427	345 072	68
Q3 2024	6 579 297	358 781	368 125	69
Q2 2024	8 602 235	844 691	556 380	70
Q1 2024	14 162 682	1 066 765	334 351	72
Q4 2023	11 584 652	578 329	313 983	69
Q3 2023	5 698 383	322 186	334 679	66
Q2 2023	9 543 001	485 039	503 773	69
Q1 2023	17 864 626	—	318 505	66
Q4 2022	14 317 341	256 310	258 945	65
Q3 2022	8 584 073	261 520	242 326	63
Q2 2022	10 872 498	380 592	316 006	63
Q1 2022	16 622 735	500 779	227 253	59

Labour taxes per employee per month

2 005 €

Turnover per employee in the quarter

74 913 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 28 419 000 € · −16.8% vs 2024 · industry median 3 747 € · above 98% of the industry

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: -10 322 000 € · −224.9% vs 2024 · industry median 0 € · above 2% of the industry

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: -36.3 % · −60.5 pp vs the year before · industry median 3.6 % · above 22% of the industry

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, mn € 2025: 130 522 000 € · +0.6% vs 2024

Equity, € thousand 2025: 64 305 000 € · −12.0% vs 2024

Employees 2025: 71 · +0.0% vs 2024 · industry median 2 · above 98% of the industry

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	28 419 000	-10 322 000	4 035 000	130 522 000	64 305 000	71
2024	34 140 000	8 265 000	3 406 000	129 786 000	73 036 000	71
2023	40 736 000	11 253 000	3 716 000	104 063 000	66 789 000	71
2022	35 880 000	7 988 000	2 743 000	99 152 000	56 603 000	50
2021	25 197 839	9 870 000	2 350 000	84 229 000	43 180 000	50
2020	16 203 000	2 595 000	2 073 000	85 507 000	36 554 000	54
2019	19 049 000	4 313 000	2 075 000	83 817 000	33 959 000	54
2018	—	—	—	—	—	52
2017	—	—	—	—	—	52
2016	—	—	—	—	—	52
2015	—	—	—	—	—	51
2014	—	—	—	—	—	52
2013	—	—	—	—	—	51
2012	—	—	—	—	—	51
2011	—	—	—	—	—	51

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

-36.3 %

Net profit / revenue

Return on equity (ROE)

-16.1 %

Net profit / equity

Return on assets (ROA)

-7.9 %

Net profit / assets

Equity ratio

49.3 %

Equity / assets

Debt ratio

50.7 %

Liabilities / assets

Current ratio

3.71

Current assets / current liabilities

Revenue per employee

400 268 €

Revenue / average full-time employees

Labour cost per employee per month

4 736 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	6 Aug 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	30 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	12 Jul 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	12 Jul 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	14 Oct 2020	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Margo Külaots
Board member · since 31 May 2011
Kevin Vaher
Board member · since 24 Nov 2021
Urmo Heinam
Board member · since 30 Jan 2026
Kaia Kivistik
Board member · since 1 Oct 2026
Diana Laurits-Tass
Procurator · since 31 May 2011
Imbi Loomets
Procurator · since 31 May 2011
Kadri Uibopuu
Procurator · since 27 Feb 2026

Right of representation

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

Any procurator may represent the public limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

No owner information.

Owner in

Eleport OÜ
57.51%

Beneficial owners

Urmo Heinam
Member of a senior management body (management or supervisory board) · since 4 Aug 2026
Reena Kangur
Member of a senior management body (management or supervisory board) · since 1 Oct 2024
Kevin Vaher
Member of a senior management body (management or supervisory board) · since 3 Jan 2024
Margo Külaots
Member of a senior management body (management or supervisory board) · since 3 Jan 2024

Founders and other persons

FORTUM POWER AND HEAT OY
Founder · 31 950 € · 31 May 2011
Aktsiaselts PricewaterhouseCoopers
Audit firm · 9 Dec 2022
Reena Kangur
Chairman of the supervisory board · 23 Dec 2025
Ilkka Johannes Niiranen
Supervisory board member · 4 Jan 2022
Matti Veijo Ensio Viljo
Supervisory board member · 23 Dec 2025
Omanikukonto: GREN OY
Shareholder · 31 950 € · 11 Feb 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

35129Other electricity production, including from biomass Main
32991Other manufacturing n.e.c.
35221Distribution of gaseous fuels through mains
35301Steam and air conditioning supply

Rulings 19

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10156723 / 15 1 Oct 2026	Amendment entry		In force 1 Oct 2026	PDF
Ä 10156723 / M4 13 Jul 2026	Warning of a fine: annual report not filed	14 Aug 2026	Deficiencies eliminated 7 Aug 2026	PDF
Ä 10156723 / 14 6 Jul 2026	Amendment entry		In force 6 Jul 2026	PDF
Ä 10156723 / 13 27 Feb 2026	Amendment entry		In force 27 Feb 2026	PDF
Ä 10156723 / 12 30 Jan 2026	Amendment entry		In force 30 Jan 2026	PDF
Ä 10156723 / 11 24 Nov 2021	Amendment entry		In force 24 Nov 2021	PDF
Ä 10156723 / 10 9 Sep 2021	Amendment under Commercial Code § 525 (2)		In force 9 Sep 2021	PDF
Ä 10156723 / 9 22 Jul 2021	Amendment entry		In force 22 Jul 2021	PDF
Ä 10156723 / 8 17 Sep 2020	Amendment entry		In force 17 Sep 2020	PDF
Ä 10156723 / M3 2 Sep 2020	Ruling to eliminate deficiencies	17 Sep 2020	Deficiencies eliminated 17 Sep 2020	PDF
Ä 10156723 / 7 5 Jul 2018	Amendment entry		In force 5 Jul 2018	PDF
Ä 10156723 / 6 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10156723 / 5 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10156723 / 4 2 Apr 2014	Amendment entry		In force 2 Apr 2014	PDF
Ä 10156723 / M2 19 Mar 2014	Ruling to eliminate deficiencies	26 Mar 2014	Deficiencies eliminated 27 Mar 2014	PDF
Ä 10156723 / 3 5 Apr 2012	Amendment entry		In force 5 Apr 2012	PDF
Ä 10156723 / M1 2 Apr 2012	Ruling to eliminate deficiencies	30 Apr 2012	In force 2 Apr 2012	PDF
Ä 10156723 / 2 31 May 2011	Third (informative) division entry		In force 31 May 2011	PDF
Ä 10156723 31 May 2011	First (declaratory) division entry (card of the new company)		In force 31 May 2011	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data

Gren Eesti AS

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

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 19