Naps Solar Estonia OÜ

Registered
11972663Private limited company (OÜ)Founded 2010
Qualified audit opinion. 2020 report: Qualified.

Key figures

1 760 366 €+31,6%
Revenue 2025
−11,3%
Average annual change 2019–2025
02 m4 m6 m2019202020212022202320242025

Ratios

2025

Summary: Naps Solar Estonia OÜ

What kind of company is it?

Naps Solar Estonia OÜ (registry code 11972663) is a private limited company (OÜ). The company was entered in the Commercial Register in 2010 and has been registered for 16 years. Registered location: Tänassilma küla, Saku vald, Harju maakond. According to the latest annual report, the main activity is wholesale of electrical materials, accessories and equipment, including cables (EMTAK 46643). The company is registered for VAT (VAT number EE101394754).

How is the company doing financially?

Revenue in financial year 2025 was 1 760 366 €, up 31,6% on the previous year (1 337 332 €). From 2019 to 2025, revenue declined by an average of 11,3% per year. Financial year 2025 ended with a loss of 142 616 €. The company was profitable in 2 of the 7 published financial years. In financial year 2025 the company had 6 employees (8 a year earlier). Revenue per employee was 293 394 €.

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 260 637 €, down 57,2% on the same quarter a year earlier. The company had 5 employees in that quarter. Labour taxes paid in the quarter: 34 947 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4190 € per month.

Who runs the company and who owns it?

The management board has 2 members. The supervisory board has 4 members. According to the register, the company has 2 owners. The largest stake (99,5%) is held by Naps Solar OY.

What should you look out for?

Equity was negative at the end of financial year 2025 (−116 769 €). Equity is below half of the share capital (200 000 €); in this case the Commercial Code requires measures to restore equity.

Where does the data come from and how fresh is it?

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 12.10.2026. 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.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 2026260 637 €534 947 €
Q2 2026445 821 €534 094 €
Q1 2026214 067 €534 806 €
Q4 2025436 965 €535 626 €
Q3 2025609 005 €550 761 €
Q2 2025937 577 €747 496 €
Q1 2025386 168 €844 559 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2021–2025
20212022202320242025
Sales revenue2 048 8572 577 8662 058 3861 337 3321 760 366
Net profit−506 027−84 772−248 674−177 052−142 616
Retained earnings−76 617−582 644−667 416−916 090−1 093 142
Total assets1 641 1791 761 4391 034 470783 054548 616
Total liabilities1 104 8341 309 866831 571757 207665 385
Total equity536 345451 573202 89925 847−116 769
Employees157886
Average gross salary (monthly)19913169330531544067
Calculated dividend00000

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 note7 clear
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
Filed late: 2023, 2024, 2025
Business Register · 2023–2025
Auditor's opinion
Unqualified
Business Register · 2023 annual report
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph

Click a node to see its other connections.

99,5%0,5%Naps Solar Estonia OÜNaps Solar OY1Rein ReinokMatti Juhani Hämäläin…1Rain ReitmannJouko Tapio HaapojaKati Tuulikki SaloMarko Juhani HaapalaRami Juhani Tähtinen
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

3 records

State aid and de minimis aid in total 59 014 € (2017–2021). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (58 731 €), Riigi Tugiteenuste Keskus (283 €).

Show all aid records (3)
20218731 €
201850 000 €
2017283 €
GrantorPurposeAmountDate
Ettevõtluse ja Innovatsiooni SihtasutusEkspordi edendamine VTA8731 €10.03.2021
Ettevõtluse ja Innovatsiooni SihtasutusVKEde messil osalemine (VTA)50 000 €20.09.2018
Riigi Tugiteenuste KeskusMuu283 €12.09.2017

Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗

Change history

1 change
  • 09.11.2026*Annual report 2025 filed

Entered in the register on 29.07.2010.

Source: Business Register change list and open data. * date the change was detected in open data (it happened between this and the previous data update).

Annual reportsPDF, XBRL

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Source: e-Business Register (RIK). Files open/download directly from the official register.

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