H2Electro OÜ

Active Registry code 16232422 OÜ Tallinn Registered 18 May 2021
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H2Electro OÜ is a OÜ based in Tallinn, registry code 16232422, status: active. Main activity: Research and experimental development on natural sciences and engineering. According to EMTA, turnover for Q3 2026 was €0 with 5 employees.

Turnover
0 €
↓ 100.0% vs Q2 2026
State taxes
48 144 €
↓ 32.6% vs Q2 2026
Labour taxes
52 840 €
↓ 31.2% vs Q2 2026
Employees
5
±0 vs Q2 2026

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

Position in the industry Scientific research and development · EMTAK 72

  • Labour taxes per employee 10 568 €
    industry median 2 218 € · companies in the industry: 234
  • Revenue · 2025 7 761 €
    industry median 0 € · companies in the industry: 1 073
  • Net profit margin · 2025 -4 933.3 %
    industry median 13.5 % · companies in the industry: 597

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 0 € · −100.0% vs Q2 2026 · industry median 14 442 € · above 2% of the industry
-20 000-10 000010 00020 00030 00040 000Q4 2023 Company: 557 € Industry median: 15 375 €Q4·23Q1 2024 Company: 30 384 € Industry median: 14 938 €Q2 2024 Company: 28 670 € Industry median: 14 999 €Q2·24Q3 2024 Company: 0 € Industry median: 11 985 €Q4 2024 Company: 0 € Industry median: 16 752 €Q4·24Q1 2025 Company: 2 600 € Industry median: 15 203 €Q2 2025 Company: 7 600 € Industry median: 14 420 €Q2·25Q3 2025 Company: 22 476 € Industry median: 13 763 €Q4 2025 Company: -14 065 € Industry median: 13 976 €Q4·25Q1 2026 Company: 0 € Industry median: 14 268 €Q2 2026 Company: 500 € Industry median: 14 545 €Q2·26Q3 2026 Company: 0 € Industry median: 14 442 €Q3·26-20 000-10 000010 00020 00030 000Q4 2024 Company: 0 € Industry median: 16 752 €Q1 2025 Company: 2 600 € Industry median: 15 203 €Q1·25Q2 2025 Company: 7 600 € Industry median: 14 420 €Q3 2025 Company: 22 476 € Industry median: 13 763 €Q3·25Q4 2025 Company: -14 065 € Industry median: 13 976 €Q1 2026 Company: 0 € Industry median: 14 268 €Q1·26Q2 2026 Company: 500 € Industry median: 14 545 €Q3 2026 Company: 0 € 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: 10 568 € · −31.2% vs Q2 2026 · industry median 2 218 € · above 98% of the industry
05 00010 00015 00020 000Q4 2023 Company: 5 387 € Industry median: 1 866 €Q4·23Q1 2024 Company: 6 828 € Industry median: 2 040 €Q2 2024 Company: 6 836 € Industry median: 2 008 €Q2·24Q3 2024 Company: 6 677 € Industry median: 1 961 €Q4 2024 Company: 6 551 € Industry median: 1 673 €Q4·24Q1 2025 Company: 3 804 € Industry median: 1 781 €Q2 2025 Company: 7 561 € Industry median: 1 781 €Q2·25Q3 2025 Company: 5 973 € Industry median: 2 044 €Q4 2025 Company: 11 817 € Industry median: 2 069 €Q4·25Q1 2026 Company: 1 063 € Industry median: 2 039 €Q2 2026 Company: 15 354 € Industry median: 1 893 €Q2·26Q3 2026 Company: 10 568 € Industry median: 2 218 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 6 551 € Industry median: 1 673 €Q1 2025 Company: 3 804 € Industry median: 1 781 €Q1·25Q2 2025 Company: 7 561 € Industry median: 1 781 €Q3 2025 Company: 5 973 € Industry median: 2 044 €Q3·25Q4 2025 Company: 11 817 € Industry median: 2 069 €Q1 2026 Company: 1 063 € Industry median: 2 039 €Q1·26Q2 2026 Company: 15 354 € Industry median: 1 893 €Q3 2026 Company: 10 568 € 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: 5 · +0.0% vs Q2 2026
0246810Q4 2023 Company: 9Q4·23Q1 2024 Company: 8Q2 2024 Company: 8Q2·24Q3 2024 Company: 8Q4 2024 Company: 8Q4·24Q1 2025 Company: 8Q2 2025 Company: 9Q2·25Q3 2025 Company: 9Q4 2025 Company: 6Q4·25Q1 2026 Company: 8Q2 2026 Company: 5Q2·26Q3 2026 Company: 5Q3·260246810Q4 2024 Company: 8Q1 2025 Company: 8Q1·25Q2 2025 Company: 9Q3 2025 Company: 9Q3·25Q4 2025 Company: 6Q1 2026 Company: 8Q1·26Q2 2026 Company: 5Q3 2026 Company: 5Q3·26
State taxes, € Q3 2026: 48 144 € · −32.6% vs Q2 2026
020 00040 00060 00080 000Q4 2023 Company: 45 743 €Q4·23Q1 2024 Company: 51 139 €Q2 2024 Company: 53 501 €Q2·24Q3 2024 Company: 27 545 €Q4 2024 Company: 48 798 €Q4·24Q1 2025 Company: 26 171 €Q2 2025 Company: 63 482 €Q2·25Q3 2025 Company: 48 588 €Q4 2025 Company: 64 953 €Q4·25Q1 2026 Company: 1 637 €Q2 2026 Company: 71 385 €Q2·26Q3 2026 Company: 48 144 €Q3·26020 00040 00060 00080 000Q4 2024 Company: 48 798 €Q1 2025 Company: 26 171 €Q1·25Q2 2025 Company: 63 482 €Q3 2025 Company: 48 588 €Q3·25Q4 2025 Company: 64 953 €Q1 2026 Company: 1 637 €Q1·26Q2 2026 Company: 71 385 €Q3 2026 Company: 48 144 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 — 48 144 52 840 5
Q2 2026 500 71 385 76 771 5
Q1 2026 — 1 637 8 502 8
Q4 2025 -14 065 64 953 70 899 6
Q3 2025 22 476 48 588 53 760 9
Q2 2025 7 600 63 482 68 053 9
Q1 2025 2 600 26 171 30 428 8
Q4 2024 — 48 798 52 410 8
Q3 2024 — 27 545 53 414 8
Q2 2024 28 670 53 501 54 688 8
Q1 2024 30 384 51 139 54 621 8
Q4 2023 557 45 743 48 481 9
Q3 2023 8 605 41 780 44 213 9
Q2 2023 26 292 41 950 44 383 7
Q1 2023 — 36 868 39 392 7
Q4 2022 81 29 700 31 589 6
Q3 2022 — 8 482 31 208 4
Q2 2022 — 36 041 38 686 4
Q1 2022 — 9 068 32 177 4
Labour taxes per employee per month
3 523 €
Turnover per employee in the quarter
0 €

Q3 2026 · calculated from EMTA data

Financials by year

2021 – 2025
Revenue, € 2025: 7 761 € · industry median 0 € · above 68% of the industry
02 0004 0006 0008 00010 0002021 Company: 0 € Industry median: 0 €20212022 Company: — Industry median: 103 €20222023 Company: 8 605 € Industry median: 76 €20232024 Company: 0 € Industry median: 0 €20242025 Company: 7 761 € Industry median: 0 €202502 0004 0006 0008 00010 0002021 Company: 0 € Industry median: 0 €20212022 Company: — Industry median: 103 €2023 Company: 8 605 € Industry median: 76 €20232024 Company: 0 € Industry median: 0 €2025 Company: 7 761 € 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: -382 876 € · +34.7% vs 2024 · industry median 0 € · above 2% of the industry
-600-400-20002002021 Company: -105 800 € Industry median: 1 €20212022 Company: -326 637 € Industry median: 0 €20222023 Company: -592 486 € Industry median: 0 €20232024 Company: -586 092 € Industry median: 0 €20242025 Company: -382 876 € Industry median: 0 €2025-600-400-20002002021 Company: -105 800 € Industry median: 1 €20212022 Company: -326 637 € Industry median: 0 €2023 Company: -592 486 € Industry median: 0 €20232024 Company: -586 092 € Industry median: 0 €2025 Company: -382 876 € 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: -4 933.3 % · industry median 13.5 % · above 2% of the industry
-8 000-6 000-4 000-2 00002 0002021 Company: — Industry median: 25.1 %20212022 Company: — Industry median: 17.7 %20222023 Company: -6 885.4 % Industry median: 16.8 %20232024 Company: — Industry median: 15.8 %20242025 Company: -4 933.3 % Industry median: 13.5 %2025-8 000-6 000-4 000-2 00002 0002021 Company: — Industry median: 25.1 %20212022 Company: — Industry median: 17.7 %2023 Company: -6 885.4 % Industry median: 16.8 %20232024 Company: — Industry median: 15.8 %2025 Company: -4 933.3 % 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: 850 856 € · +18.0% vs 2024
02004006008001 0002021 Company: 218 579 €20212022 Company: 323 466 €20222023 Company: 636 328 €20232024 Company: 721 338 €20242025 Company: 850 856 €202502004006008001 0002021 Company: 218 579 €20212022 Company: 323 466 €2023 Company: 636 328 €20232024 Company: 721 338 €2025 Company: 850 856 €2025
Equity, € thousand 2025: -271 711 € · −344.4% vs 2024
-400-20002004002021 Company: 46 700 €20212022 Company: 142 063 €20222023 Company: 317 577 €20232024 Company: 111 165 €20242025 Company: -271 711 €2025-400-20002004002021 Company: 46 700 €20212022 Company: 142 063 €2023 Company: 317 577 €20232024 Company: 111 165 €2025 Company: -271 711 €2025
Employees 2025: 7 · −12.5% vs 2024 · industry median 1 · above 82% of the industry
024682021 Company: 3 Industry median: 120212022 Company: 5 Industry median: 220222023 Company: 7 Industry median: 120232024 Company: 8 Industry median: 120242025 Company: 7 Industry median: 12025024682021 Company: 3 Industry median: 120212022 Company: 5 Industry median: 22023 Company: 7 Industry median: 120232024 Company: 8 Industry median: 12025 Company: 7 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 7 761 -382 876 500 912 850 856 -271 711 7
2024 0 -586 092 514 132 721 338 111 165 8
2023 8 605 -592 486 434 662 636 328 317 577 7
2022 — -326 637 335 542 323 466 142 063 5
2021 0 -105 800 94 542 218 579 46 700 3

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
-4 933.3 %
Net profit / revenue
Return on assets (ROA)
-45.0 %
Net profit / assets
Equity ratio
-31.9 %
Equity / assets
Debt ratio
131.9 %
Liabilities / assets
Current ratio
0.13
Current assets / current liabilities
Revenue per employee
1 109 €
Revenue / average full-time employees
Labour cost per employee per month
5 963 €
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 2 Jul 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 26 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 27 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 Jun 2023 Company’s own e-Äriregister
2021 18 May 2021 – 31 Dec 2021 30 Jun 2022 Company’s own e-Äriregister

Board

  • Henrik Hal
    Board member · since 18 May 2021
  • Nasdaq CSD SE
    Keeper of the share register · since 30 Nov 2021

Right of representation

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

Owners

Beneficial owners

  • Henrik Hal
    Member of a senior management body (management or supervisory board) · since 18 May 2021

Founders and other persons

  • Thule Capital AS
    Founder · 2 500 € · 22 Mar 2021
  • Ats Lõhmussaar
    Supervisory board member · 3 Oct 2024
  • Olli Ensio Heinonen
    Supervisory board member · 3 Oct 2024
shared board members, owners or beneficial owners

Activities (EMTAK)

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

Rulings 13

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50174070 / M5
15 Sep 2026
 Appeal left without action 30 Sep 2026 In force
15 Sep 2026
 PDF
Ä 50174070 / M4
7 Sep 2026
 Procedural ruling In force
7 Sep 2026
 PDF
Ä 50174070 / 8
7 May 2025
 Entry refused In force
23 May 2025
 PDF
Ä 50174070 / 7
9 Apr 2025
 Amendment entry In force
9 Apr 2025
 PDF
Ä 50174070 / M3
14 Oct 2024
 Ruling to correct data outside an entry 28 Oct 2024 Deficiencies eliminated
22 Oct 2024
 PDF
Ä 50174070 / 6
3 Oct 2024
 Amendment entry In force
3 Oct 2024
 PDF
Ä 50174070 / M2
23 Sep 2024
 Ruling to eliminate deficiencies 9 Oct 2024 Deficiencies eliminated
3 Oct 2024
 PDF
Ä 50174070 / 5
1 Apr 2024
 Amendment entry In force
1 Apr 2024
 PDF
Ä 50174070 / 4
2 Nov 2022
 Amendment under Commercial Code § 525 (2) In force
2 Nov 2022
 PDF
Ä 50174070 / 3
30 Nov 2021
 Amendment entry In force
30 Nov 2021
 PDF
Ä 50174070 / 2
25 Nov 2021
 Amendment entry In force
25 Nov 2021
 PDF
Ä 50174070
18 May 2021
 First entry In force
18 May 2021
 PDF
Ä 50174070 / M1
17 May 2021
 Ruling to eliminate deficiencies 6 Jun 2021 Deficiencies eliminated
18 May 2021
 PDF

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