Elero OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 115 236 € | — | 5973 € |
| Q2 2026 | 97 225 € | — | 23 180 € |
| Q1 2026 | 578 703 € | — | 71 024 € |
| Q4 2025 | 770 532 € | 13 | 73 968 € |
| Q3 2025 | 1 126 144 € | 14 | 76 373 € |
| Q2 2025 | 439 220 € | 14 | 72 827 € |
| Q1 2025 | 1 096 991 € | 15 | 70 585 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 1 422 458 | 397 444 | 1 128 156 | 1 723 193 | 1 729 624 | 1 852 915 | 1 088 748 |
| Total non-current assets | 1 307 565 | 1 351 986 | 1 534 872 | 76 856 | 68 831 | 88 421 | 49 056 |
| Total assets | 2 730 023 | 1 749 430 | 2 663 028 | 1 800 049 | 1 798 455 | 1 941 336 | 1 137 804 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1 364 870 | 855 979 | 1 567 694 | 1 550 522 | 1 208 244 | 1 197 141 | 1 183 984 |
| Non-current liabilities | 198 504 | 205 987 | 207 576 | 142 693 | 110 411 | 387 827 | 156 272 |
| Total liabilities | 1 563 374 | 1 061 966 | 1 775 270 | 1 693 215 | 1 318 655 | 1 584 968 | 1 340 256 |
| Share capital | 109 200 | 109 200 | 109 200 | 109 200 | 109 200 | 109 200 | 109 200 |
| Retained earnings of previous periods | 641 493 | 1 046 528 | 567 345 | −1 631 126 | −13 288 | 344 363 | 236 247 |
| Profit for the year | 405 036 | −479 184 | 200 293 | 1 617 840 | 372 968 | −108 115 | −558 819 |
| Reserves and other equity | 10 920 | 10 920 | 10 920 | 10 920 | 10 920 | 10 920 | 10 920 |
| Total equity | 1 166 649 | 687 464 | 887 758 | 106 834 | 479 800 | 356 368 | −202 452 |
| Income statement | |||||||
| Sales revenue | 7 133 135 | 3 007 526 | 5 046 475 | 5 013 776 | 5 334 265 | 4 476 789 | 2 621 568 |
| Operating profit | 441 023 | −445 401 | 245 105 | 2 257 055 | 394 646 | −106 777 | −562 858 |
| EBITDA | 488 931 | −405 292 | 288 432 | 2 294 439 | 409 064 | −94 547 | −553 148 |
| Profit before income tax | 405 036 | −479 184 | 200 293 | 2 217 840 | 372 968 | −103 795 | −558 819 |
| Profit for the reporting year | 405 036 | −479 184 | 200 293 | 1 617 840 | 372 968 | −108 115 | −558 819 |
| Labour costs | 929 493 | 902 222 | 996 729 | 1 201 977 | 873 499 | 695 721 | 682 128 |
| Depreciation of non-current assets | 47 908 | 40 109 | 43 327 | 37 384 | 14 418 | 12 230 | 9710 |
| Other indicators | |||||||
| Employees | 32 | 30 | 30 | 30 | 23 | 17 | 16 |
| Calculated dividend | — | 0 | 0 | 2 398 764 | 0 | 15 317 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 issue2 notes3 clear
Data from public registers, not a credit rating.
Connections graph1st level only
Public procurement
75 contractsPublic contracts won worth 315 495 € from 4 contracting authorities (11.10.2023–13.10.2026).
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Elero OÜ
Overview
Elero OÜ (registry code 10390054) is a private limited company (OÜ). The company was entered in the Commercial Register in 1998 and has been registered for 28 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is construction of utility projects for electricity and telecommunications (EMTAK 42221). The company is registered for VAT (VAT number EE100072213).
Financial results
Revenue in financial year 2025 was 2 621 568 €, down 41,4% on the previous year (4 476 789 €). From 2019 to 2025, revenue declined by an average of 15,4% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 558 819 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 16 employees (17 a year earlier). Revenue per employee was 163 848 €. Based on labour costs in the report, the estimated average gross salary was about 2660 € per month.
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 115 236 €, down 89,8% on the same quarter a year earlier. Labour taxes paid in the quarter: 5973 €.
Management and owners
The company has one management board member. According to the register, the company has 16 owners. The largest stake (28,4%) is held by a private individual.
Points to note
Equity was negative at the end of financial year 2025 (−202 452 €). Equity is below half of the share capital (109 200 €); in this case the Commercial Code requires measures to restore equity. In the report for financial year 2025, the auditor pointed to a material uncertainty about the company's ability to continue as a going concern.
Data sources and freshness
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 30.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.