Nordic Solar Energy Fund Farmi OÜ

Active Registry code 14204769 OÜ Tallinn Registered 15 Feb 2017
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Nordic Solar Energy Fund Farmi OÜ is a OÜ based in Tallinn, registry code 14204769, status: active. Main activity: Electricity production from solar energy. According to EMTA, turnover for Q3 2026 was €10 863 with employees.

Turnover
10 863 €
↑ 10.6% vs Q2 2026
State taxes
1 550 €
↑ 2 400.0% 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 10 863 €
    industry median 3 039 € · companies in the industry: 735
  • Revenue · 2025 34 491 €
    industry median 3 747 € · companies in the industry: 1 008
  • Net profit margin · 2025 -228.8 %
    industry median 3.6 % · companies in the industry: 693

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 10 863 € · +10.6% vs Q2 2026 · industry median 3 039 € · above 61% of the industry
010 00020 00030 00040 000Q4 2023 Company: 0 € Industry median: 3 548 €Q4·23Q1 2024 Company: 0 € Industry median: 919 €Q2 2024 Company: 15 601 € Industry median: 3 798 €Q2·24Q3 2024 Company: 33 066 € Industry median: 4 925 €Q4 2024 Company: 12 405 € Industry median: 3 257 €Q4·24Q1 2025 Company: 2 835 € Industry median: 1 195 €Q2 2025 Company: 10 137 € Industry median: 3 174 €Q2·25Q3 2025 Company: 11 661 € Industry median: 2 640 €Q4 2025 Company: 9 952 € Industry median: 2 889 €Q4·25Q1 2026 Company: 2 066 € Industry median: 1 972 €Q2 2026 Company: 9 824 € Industry median: 2 924 €Q2·26Q3 2026 Company: 10 863 € Industry median: 3 039 €Q3·2602 5005 0007 50010 00012 500Q4 2024 Company: 12 405 € Industry median: 3 257 €Q1 2025 Company: 2 835 € Industry median: 1 195 €Q1·25Q2 2025 Company: 10 137 € Industry median: 3 174 €Q3 2025 Company: 11 661 € Industry median: 2 640 €Q3·25Q4 2025 Company: 9 952 € Industry median: 2 889 €Q1 2026 Company: 2 066 € Industry median: 1 972 €Q1·26Q2 2026 Company: 9 824 € Industry median: 2 924 €Q3 2026 Company: 10 863 € 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.

State taxes, € Q3 2026: 1 550 € · +2 400.0% vs Q2 2026
02 0004 0006 0008 000Q4 2023 Company: 0 €Q4·23Q1 2024 Company: 0 €Q2 2024 Company: 0 €Q2·24Q3 2024 Company: 6 382 €Q4 2024 Company: 1 901 €Q4·24Q1 2025 Company: 37 €Q2 2025 Company: 1 327 €Q2·25Q3 2025 Company: 1 491 €Q4 2025 Company: 1 612 €Q4·25Q1 2026 Company: 0 €Q2 2026 Company: 62 €Q2·26Q3 2026 Company: 1 550 €Q3·2605001 0001 5002 000Q4 2024 Company: 1 901 €Q1 2025 Company: 37 €Q1·25Q2 2025 Company: 1 327 €Q3 2025 Company: 1 491 €Q3·25Q4 2025 Company: 1 612 €Q1 2026 Company: 0 €Q1·26Q2 2026 Company: 62 €Q3 2026 Company: 1 550 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 10 863 1 550 — —
Q2 2026 9 824 62 — —
Q1 2026 2 066 — — —
Q4 2025 9 952 1 612 — —
Q3 2025 11 661 1 491 — —
Q2 2025 10 137 1 327 — —
Q1 2025 2 835 37 — —
Q4 2024 12 405 1 901 — —
Q3 2024 33 066 6 382 — —
Q2 2024 15 601 — — —
Q1 2024 — — — —
Q4 2023 — — — —
Q3 2023 — — — —
Q2 2023 — — — —
Q1 2023 — 95 — —
Q4 2022 — — — —
Q3 2022 76 714 — — —
Q2 2022 — — — —
Q1 2022 — 95 — —

Financials by year

2017 – 2025
Revenue, € 2025: 34 491 € · −43.9% vs 2024 · industry median 3 747 € · above 73% of the industry
020 00040 00060 00080 0002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 7 000 € Industry median: 28 215 €20192020 Company: 40 000 € Industry median: 698 €20202021 Company: 40 000 € Industry median: 4 398 €20212022 Company: 76 714 € Industry median: 13 412 €20222023 Company: 0 € Industry median: 4 448 €20232024 Company: 61 494 € Industry median: 4 456 €20242025 Company: 34 491 € Industry median: 3 747 €2025020 00040 00060 00080 0002018 Company: — Industry median: —2019 Company: 7 000 € Industry median: 28 215 €20192020 Company: 40 000 € Industry median: 698 €2021 Company: 40 000 € Industry median: 4 398 €20212022 Company: 76 714 € Industry median: 13 412 €2023 Company: 0 € Industry median: 4 448 €20232024 Company: 61 494 € Industry median: 4 456 €2025 Company: 34 491 € 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, € 2025: -78 929 € · −99.4% vs 2024 · industry median 0 € · above 7% of the industry
-100 000-75 000-50 000-25 000025 00050 0002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 698 € Industry median: 0 €20192020 Company: 40 000 € Industry median: 0 €20202021 Company: 40 000 € Industry median: 101 €20212022 Company: -38 777 € Industry median: 1 580 €20222023 Company: -14 845 € Industry median: 0 €20232024 Company: -39 574 € Industry median: 0 €20242025 Company: -78 929 € Industry median: 0 €2025-100 000-75 000-50 000-25 000025 00050 0002018 Company: — Industry median: —2019 Company: 698 € Industry median: 0 €20192020 Company: 40 000 € Industry median: 0 €2021 Company: 40 000 € Industry median: 101 €20212022 Company: -38 777 € Industry median: 1 580 €2023 Company: -14 845 € Industry median: 0 €20232024 Company: -39 574 € Industry median: 0 €2025 Company: -78 929 € 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: -228.8 % · −164.5 pp vs the year before · industry median 3.6 % · above 7% of the industry
-300-200-10001002017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 10.0 % Industry median: 9.7 %20192020 Company: 100.0 % Industry median: 8.8 %20202021 Company: 100.0 % Industry median: 23.4 %20212022 Company: -50.5 % Industry median: 51.2 %20222023 Company: — Industry median: 15.7 %20232024 Company: -64.4 % Industry median: 4.5 %20242025 Company: -228.8 % Industry median: 3.6 %2025-300-200-10001002018 Company: — Industry median: —2019 Company: 10.0 % Industry median: 9.7 %20192020 Company: 100.0 % Industry median: 8.8 %2021 Company: 100.0 % Industry median: 23.4 %20212022 Company: -50.5 % Industry median: 51.2 %2023 Company: — Industry median: 15.7 %20232024 Company: -64.4 % Industry median: 4.5 %2025 Company: -228.8 % 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: 905 704 € · −7.8% vs 2024
02505007501 0001 2502017 Company: —20172018 Company: —20182019 Company: 7 001 €20192020 Company: 47 001 €20202021 Company: 87 001 €20212022 Company: 166 732 €20222023 Company: 1 020 987 €20232024 Company: 982 447 €20242025 Company: 905 704 €202502505007501 0001 2502018 Company: —2019 Company: 7 001 €20192020 Company: 47 001 €2021 Company: 87 001 €20212022 Company: 166 732 €2023 Company: 1 020 987 €20232024 Company: 982 447 €2025 Company: 905 704 €2025
Equity, € 2025: -85 124 € · −1 274.1% vs 2024
-100 000-50 000050 000100 0002017 Company: —20172018 Company: —20182019 Company: 7 001 €20192020 Company: 47 001 €20202021 Company: 87 001 €20212022 Company: 48 224 €20222023 Company: 33 379 €20232024 Company: -6 195 €20242025 Company: -85 124 €2025-100 000-50 000050 000100 0002018 Company: —2019 Company: 7 001 €20192020 Company: 47 001 €2021 Company: 87 001 €20212022 Company: 48 224 €2023 Company: 33 379 €20232024 Company: -6 195 €2025 Company: -85 124 €2025
Employees 2025: 0 · industry median 2 · above 2% of the industry
0.00.51.01.52.02017 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 34 491 -78 929 0 905 704 -85 124 0
2024 61 494 -39 574 0 982 447 -6 195 0
2023 0 -14 845 0 1 020 987 33 379 0
2022 76 714 -38 777 — 166 732 48 224 0
2021 40 000 40 000 — 87 001 87 001 0
2020 40 000 40 000 — 47 001 47 001 0
2019 7 000 698 — 7 001 7 001 0
2018 — — — — — 0
2017 — — — — — 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
-228.8 %
Net profit / revenue
Return on assets (ROA)
-8.7 %
Net profit / assets
Equity ratio
-9.4 %
Equity / assets
Debt ratio
109.4 %
Liabilities / assets
Current ratio
0.04
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 6 Apr 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 27 May 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 26 Mar 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 10 Apr 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 16 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 15 Apr 2020 Company’s own e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 300 000 € Luminor Bank AS 30 Nov 2022 – in force

Board

Right of representation

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

Owners

Beneficial owners

  • Antti Lõugas
    Indirect ownership · since 6 Oct 2022
  • Urmas Nimmerfeldt
    Indirect ownership · since 6 Oct 2022
  • Juss Lemba
    Member of a senior management body (management or supervisory board) · since 5 Oct 2022

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 35123Electricity production from solar energy Main
Rulings
Number, date Title Deadline State Document
Ä 50051195 / 11
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
K 50051195 / 10
30 Nov 2022
Commercial pledge entered In force
30 Nov 2022
PDF
K 50051195 / M1
28 Nov 2022
Ruling to eliminate deficiencies 8 Dec 2022 Deficiencies eliminated
30 Nov 2022
PDF
Ä 50051195 / 9
5 Oct 2022
Amendment entry In force
5 Oct 2022
PDF
Ä 50051195 / 8
2 Feb 2022
Amendment under Commercial Code § 525 (2) In force
2 Feb 2022
PDF
Ä 50051195 / 7
3 Dec 2021
Amendment entry In force
3 Dec 2021
PDF
Ä 50051195 / 6
7 Apr 2020
Amendment entry In force
7 Apr 2020
PDF
Ä 50051195 / 5
21 Sep 2018
Amendment entry In force
21 Sep 2018
PDF
Ä 50051195 / 4
22 May 2018
Amendment entry In force
22 May 2018
PDF
Ä 50051195 / 3
20 Jan 2018
Amendment entry In force
20 Jan 2018
PDF
Ä 50051195 / 2
13 Dec 2017
Amendment entry In force
13 Dec 2017
PDF
Ä 50051195
15 Feb 2017
First entry In force
15 Feb 2017
PDF

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