LightCode Photonics OÜ

Active Registry code 16027647 OÜ Tartu linn Registered 12 Aug 2020
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LightCode Photonics OÜ is a OÜ based in Tartu linn, registry code 16027647, status: active. Main activity: Research and experimental development on natural sciences and engineering. According to EMTA, turnover for Q3 2026 was €335 090 with 8 employees.

Turnover
335 090 €
↑ 2 743.4% vs Q2 2026
State taxes
123 081 €
↑ 102.8% vs Q2 2026
Labour taxes
130 703 €
↑ 97.0% vs Q2 2026
Employees
8
−2 vs Q2 2026

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

Position in the industry Scientific research and development · EMTAK 72

  • Turnover · Q3 2026 335 090 €
    industry median 14 442 € · companies in the industry: 318
  • Labour taxes per employee 16 338 €
    industry median 2 218 € · companies in the industry: 234
  • Revenue · 2025 1 320 €
    industry median 0 € · companies in the industry: 1 073
  • Net profit margin · 2025 -42 440.4 %
    industry median 13.5 % · companies in the industry: 597

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 335 090 € · +2 743.4% vs Q2 2026 · industry median 14 442 € · above 93% of the industry
0100200300400Q4 2023 Company: 906 € Industry median: 15 375 €Q4·23Q1 2024 Company: 342 € Industry median: 14 938 €Q2 2024 Company: 3 445 € Industry median: 14 999 €Q2·24Q3 2024 Company: 1 987 € Industry median: 11 985 €Q4 2024 Company: 4 478 € Industry median: 16 752 €Q4·24Q1 2025 Company: 7 859 € Industry median: 15 203 €Q2 2025 Company: 11 794 € Industry median: 14 420 €Q2·25Q3 2025 Company: 7 643 € Industry median: 13 763 €Q4 2025 Company: 23 994 € Industry median: 13 976 €Q4·25Q1 2026 Company: 5 433 € Industry median: 14 268 €Q2 2026 Company: 11 785 € Industry median: 14 545 €Q2·26Q3 2026 Company: 335 090 € Industry median: 14 442 €Q3·260100200300400Q4 2024 Company: 4 478 € Industry median: 16 752 €Q1 2025 Company: 7 859 € Industry median: 15 203 €Q1·25Q2 2025 Company: 11 794 € Industry median: 14 420 €Q3 2025 Company: 7 643 € Industry median: 13 763 €Q3·25Q4 2025 Company: 23 994 € Industry median: 13 976 €Q1 2026 Company: 5 433 € Industry median: 14 268 €Q1·26Q2 2026 Company: 11 785 € Industry median: 14 545 €Q3 2026 Company: 335 090 € Industry median: 14 442 €Q3·26
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 16 338 € · +146.3% vs Q2 2026 · industry median 2 218 € · above 98% of the industry
05 00010 00015 00020 000Q4 2023 Company: 4 364 € Industry median: 1 866 €Q4·23Q1 2024 Company: 9 779 € Industry median: 2 040 €Q2 2024 Company: 6 686 € Industry median: 2 008 €Q2·24Q3 2024 Company: 7 447 € Industry median: 1 961 €Q4 2024 Company: 3 053 € Industry median: 1 673 €Q4·24Q1 2025 Company: 9 106 € Industry median: 1 781 €Q2 2025 Company: 7 344 € Industry median: 1 781 €Q2·25Q3 2025 Company: 11 292 € Industry median: 2 044 €Q4 2025 Company: 3 404 € Industry median: 2 069 €Q4·25Q1 2026 Company: 9 770 € Industry median: 2 039 €Q2 2026 Company: 6 635 € Industry median: 1 893 €Q2·26Q3 2026 Company: 16 338 € Industry median: 2 218 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 3 053 € Industry median: 1 673 €Q1 2025 Company: 9 106 € Industry median: 1 781 €Q1·25Q2 2025 Company: 7 344 € Industry median: 1 781 €Q3 2025 Company: 11 292 € Industry median: 2 044 €Q3·25Q4 2025 Company: 3 404 € Industry median: 2 069 €Q1 2026 Company: 9 770 € Industry median: 2 039 €Q1·26Q2 2026 Company: 6 635 € Industry median: 1 893 €Q3 2026 Company: 16 338 € Industry median: 2 218 €Q3·26
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 8 · −20.0% vs Q2 2026
05101520Q4 2023 Company: 19Q4·23Q1 2024 Company: 15Q2 2024 Company: 14Q2·24Q3 2024 Company: 13Q4 2024 Company: 13Q4·24Q1 2025 Company: 13Q2 2025 Company: 12Q2·25Q3 2025 Company: 11Q4 2025 Company: 10Q4·25Q1 2026 Company: 10Q2 2026 Company: 10Q2·26Q3 2026 Company: 8Q3·26051015Q4 2024 Company: 13Q1 2025 Company: 13Q1·25Q2 2025 Company: 12Q3 2025 Company: 11Q3·25Q4 2025 Company: 10Q1 2026 Company: 10Q1·26Q2 2026 Company: 10Q3 2026 Company: 8Q3·26
State taxes, € thousand Q3 2026: 123 081 € · +102.8% vs Q2 2026
050100150Q4 2023 Company: 74 063 €Q4·23Q1 2024 Company: 137 920 €Q2 2024 Company: 86 320 €Q2·24Q3 2024 Company: 89 446 €Q4 2024 Company: 34 161 €Q4·24Q1 2025 Company: 111 574 €Q2 2025 Company: 78 823 €Q2·25Q3 2025 Company: 115 077 €Q4 2025 Company: 28 126 €Q4·25Q1 2026 Company: 90 906 €Q2 2026 Company: 60 698 €Q2·26Q3 2026 Company: 123 081 €Q3·260255075100125Q4 2024 Company: 34 161 €Q1 2025 Company: 111 574 €Q1·25Q2 2025 Company: 78 823 €Q3 2025 Company: 115 077 €Q3·25Q4 2025 Company: 28 126 €Q1 2026 Company: 90 906 €Q1·26Q2 2026 Company: 60 698 €Q3 2026 Company: 123 081 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 335 090 123 081 130 703 8
Q2 2026 11 785 60 698 66 346 10
Q1 2026 5 433 90 906 97 699 10
Q4 2025 23 994 28 126 34 036 10
Q3 2025 7 643 115 077 124 211 11
Q2 2025 11 794 78 823 88 132 12
Q1 2025 7 859 111 574 118 383 13
Q4 2024 4 478 34 161 39 685 13
Q3 2024 1 987 89 446 96 813 13
Q2 2024 3 445 86 320 93 607 14
Q1 2024 342 137 920 146 684 15
Q4 2023 906 74 063 82 908 19
Q3 2023 3 939 115 153 124 795 20
Q2 2023 1 084 103 335 111 768 21
Q1 2023 904 90 255 97 601 19
Q4 2022 -187 966 81 858 88 507 17
Q3 2022 — 74 092 79 797 18
Q2 2022 257 469 65 382 70 490 17
Q1 2022 869 40 774 43 826 17
Labour taxes per employee per month
5 446 €
Turnover per employee in the quarter
41 886 €

Q3 2026 · calculated from EMTA data

Financials by year

2021 – 2025
Revenue, € 2025: 1 320 € · −32.3% vs 2024 · industry median 0 € · above 57% of the industry
020 00040 00060 00080 000100 0002021 Company: 0 € Industry median: 0 €20212022 Company: 83 557 € Industry median: 105 €20222023 Company: 48 € Industry median: 80 €20232024 Company: 1 949 € Industry median: 0 €20242025 Company: 1 320 € Industry median: 0 €2025020 00040 00060 00080 000100 0002021 Company: 0 € Industry median: 0 €20212022 Company: 83 557 € Industry median: 105 €2023 Company: 48 € Industry median: 80 €20232024 Company: 1 949 € Industry median: 0 €2025 Company: 1 320 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -560 213 € · −13.5% vs 2024 · industry median 0 € · above 2% of the industry
-800-600-400-20002002021 Company: -265 358 € Industry median: 1 €20212022 Company: -640 493 € Industry median: 0 €20222023 Company: -564 148 € Industry median: 0 €20232024 Company: -493 783 € Industry median: 0 €20242025 Company: -560 213 € Industry median: 0 €2025-800-600-400-20002002021 Company: -265 358 € Industry median: 1 €20212022 Company: -640 493 € Industry median: 0 €2023 Company: -564 148 € Industry median: 0 €20232024 Company: -493 783 € Industry median: 0 €2025 Company: -560 213 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -42 440.4 % · −17 105.2 pp vs the year before · industry median 13.5 % · above 2% of the industry
-50 000-40 000-30 000-20 000-10 000010 0002021 Company: — Industry median: 25.1 %20212022 Company: -766.5 % Industry median: 17.7 %20222023 Company: — Industry median: 16.8 %20232024 Company: -25 335.2 % Industry median: 15.8 %20242025 Company: -42 440.4 % Industry median: 13.5 %2025-50 000-40 000-30 000-20 000-10 000010 0002021 Company: — Industry median: 25.1 %20212022 Company: -766.5 % Industry median: 17.7 %2023 Company: — Industry median: 16.8 %20232024 Company: -25 335.2 % Industry median: 15.8 %2025 Company: -42 440.4 % Industry median: 13.5 %2025
  • Company
  • Industry median

Industry: Scientific research and development (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 1 115 278 € · +0.2% vs 2024
05001 0001 5002 0002021 Company: 257 407 €20212022 Company: 683 203 €20222023 Company: 1 547 747 €20232024 Company: 1 113 153 €20242025 Company: 1 115 278 €202505001 0001 5002 0002021 Company: 257 407 €20212022 Company: 683 203 €2023 Company: 1 547 747 €20232024 Company: 1 113 153 €2025 Company: 1 115 278 €2025
Equity, € thousand 2025: 928 936 € · +1.1% vs 2024
-50005001 0001 5002021 Company: 162 623 €20212022 Company: -475 077 €20222023 Company: 1 224 352 €20232024 Company: 918 534 €20242025 Company: 928 936 €2025-50005001 0001 5002021 Company: 162 623 €20212022 Company: -475 077 €2023 Company: 1 224 352 €20232024 Company: 918 534 €2025 Company: 928 936 €2025
Employees 2025: 12 · −14.3% vs 2024 · industry median 1 · above 87% of the industry
051015202021 Company: 8 Industry median: 120212022 Company: 17 Industry median: 220222023 Company: 18 Industry median: 120232024 Company: 14 Industry median: 120242025 Company: 12 Industry median: 12025051015202021 Company: 8 Industry median: 120212022 Company: 17 Industry median: 22023 Company: 18 Industry median: 120232024 Company: 14 Industry median: 12025 Company: 12 Industry median: 12025
  • Company
  • Industry median

Industry: Scientific research and development (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 1 320 -560 213 823 271 1 115 278 928 936 12
2024 1 949 -493 783 1 086 495 1 113 153 918 534 14
2023 48 -564 148 1 140 613 1 547 747 1 224 352 18
2022 83 557 -640 493 775 939 683 203 -475 077 17
2021 0 -265 358 255 164 257 407 162 623 8

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
-42 440.4 %
Net profit / revenue
Return on equity (ROE)
-60.3 %
Net profit / equity
Return on assets (ROA)
-50.2 %
Net profit / assets
Equity ratio
83.3 %
Equity / assets
Debt ratio
16.7 %
Liabilities / assets
Current ratio
0.54
Current assets / current liabilities
Revenue per employee
110 €
Revenue / average full-time employees
Labour cost per employee per month
5 717 €
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 26 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 3 Jul 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 8 May 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 21 Jun 2023 Company’s own e-Äriregister
2021 12 Aug 2020 – 31 Dec 2021 26 May 2022 Company’s own e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 200 000 € Schmersal-EOT Holding GmbH 9 Feb 2026 – in force

Board

Right of representation

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

Owners

  • Schmersal-EOT Holding GmbH
    Legal person · 75 080 €
  • LightCode Photonics OÜ
    Legal person · 16027647 · 617 €

Owner in

Beneficial owners

  • Andreas Valdmann
    Member of a senior management body (management or supervisory board) · since 26 Jun 2026
  • Jan Bogdanov
    Member of a senior management body (management or supervisory board) · since 26 Jun 2026

Founders and other persons

Activities (EMTAK)

  • 72101Research and experimental development on natural sciences and engineering Main

Rulings 14

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50152226 / 12
16 Jun 2026
 Amendment entry In force
16 Jun 2026
 PDF
K 50152226 / M2
9 Feb 2026
 Procedural ruling 16 Feb 2026 Deficiencies eliminated
9 Feb 2026
 PDF
K 50152226 / 11
9 Feb 2026
 Commercial pledge entered In force
9 Feb 2026
 PDF
Ä 50152226 / 10
30 Oct 2025
 Amendment entry In force
30 Oct 2025
 PDF
Ä 50152226 / 9
10 Jun 2025
 Amendment entry In force
10 Jun 2025
 PDF
Ä 50152226 / 8
2 Feb 2024
 Amendment entry In force
2 Feb 2024
 PDF
Ä 50152226 / 7
25 Aug 2023
 Amendment entry In force
25 Aug 2023
 PDF
Ä 50152226 / 6
23 Mar 2023
 Amendment entry In force
23 Mar 2023
 PDF
Ä 50152226 / 5
28 Jul 2021
 Amendment under Commercial Code § 525 (2) In force
28 Jul 2021
 PDF
Ä 50152226 / 4
10 Feb 2021
 Amendment entry In force
10 Feb 2021
 PDF
Ä 50152226 / M1
8 Feb 2021
 Ruling to eliminate deficiencies 5 Mar 2021 Deficiencies eliminated
10 Feb 2021
 PDF
Ä 50152226 / 3
11 Jan 2021
 Amendment entry In force
11 Jan 2021
 PDF
Ä 50152226 / 2
9 Dec 2020
 Amendment entry In force
9 Dec 2020
 PDF
Ä 50152226
12 Aug 2020
 First entry In force
12 Aug 2020
 PDF

Sources: e-Äriregister and EMTA. Data updated 26 Oct 2026. Open at the source ↗ · Report an error in the data