Switch Electric OÜ
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Switch Electric OÜ
What kind of company is it?
Switch Electric OÜ (registry code 12264856) is a private limited company (OÜ). The company was entered in the Commercial Register in 2012 and has been registered for 14 years. Registered location: Kesklinna linnaosa, Tallinn, 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 EE101531863).
How is the company doing financially?
Revenue in financial year 2025 was 1 320 186 €, down 26,9% on the previous year (1 805 367 €). From 2019 to 2025, revenue declined by an average of 10,4% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 95 689 € (7,2% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 5 employees. Revenue per employee was 264 037 €. At the end of financial year 2025, total assets were 2 466 907 € and equity 2 150 802 € (87,2% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 441 238 €, down 39,6% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 16 059 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2490 € per month.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is a private individual.
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 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. The LEI code (98450054D93A652A7452) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 441 238 € | 4 | 16 059 € |
| Q2 2026 | 432 307 € | 5 | 16 044 € |
| Q1 2026 | 339 701 € | 5 | 17 160 € |
| Q4 2025 | 431 200 € | 5 | 22 769 € |
| Q3 2025 | 730 404 € | 6 | 26 593 € |
| Q2 2025 | 505 764 € | 7 | 23 827 € |
| Q1 2025 | 289 184 € | 7 | 22 678 € |
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.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 1 794 353 | 3 884 749 | 1 459 911 | 1 805 367 | 1 320 186 |
| Net profit | 147 036 | 931 900 | −864 714 | 110 054 | 95 689 |
| Retained earnings | 1 757 587 | 1 904 623 | 2 836 523 | 1 941 809 | 2 051 863 |
| Total assets | 2 839 456 | 3 278 352 | 2 399 995 | 2 178 915 | 2 466 907 |
| Total liabilities | 931 583 | 438 579 | 424 936 | 123 802 | 316 105 |
| Total equity | 1 907 873 | 2 839 773 | 1 975 059 | 2 055 113 | 2 150 802 |
| Employees | 6 | 5 | 5 | 5 | 5 |
| Average gross salary (monthly) | 1063 | 1674 | 1707 | 2216 | 2675 |
| Calculated dividend | 0 | 0 | 0 | 30 000 | 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 obligationsAll clear
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 1962 € (2021). Largest grantors: Eesti Töötukassa (1962 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Eesti Töötukassa | Palgatoetus VTA | 1962 € | 26.11.2021 |
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 ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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