Electric Works OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 69 926 € | 5 | 3079 € |
| Q2 2026 | 116 711 € | 4 | 10 267 € |
| Q1 2026 | 97 053 € | 3 | 5930 € |
| Q4 2025 | 61 400 € | 3 | 6874 € |
| Q3 2025 | 78 100 € | 3 | 7274 € |
| Q2 2025 | 32 447 € | 3 | 8716 € |
| Q1 2025 | 90 695 € | 3 | 9191 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 3000 € (6% of distributable profit).
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 | 5 | 141 | 5668 | 22 830 | 24 007 | 68 685 | 63 795 |
| Total non-current assets | 1800 | 1800 | 20 213 | 26 488 | 37 308 | 32 374 | 29 332 |
| Total assets | 1805 | 1941 | 25 881 | 49 318 | 61 315 | 101 059 | 93 127 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 358 | 499 | 7350 | 22 735 | 35 575 | 40 147 | 55 634 |
| Non-current liabilities | — | — | 11 505 | 16 468 | 17 188 | 10 826 | 4399 |
| Total liabilities | 358 | 499 | 18 855 | 39 203 | 52 763 | 50 973 | 60 033 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 2430 | 1447 | 3942 | 4525 | 7615 | 5206 | 44 586 |
| Profit for the year | −983 | −5 | 3084 | 3090 | −1563 | 42 380 | −13 992 |
| Reserves and other equity | −2500 | −2500 | −2500 | — | — | — | — |
| Total equity | 1447 | 1442 | 7026 | 10 115 | 8552 | 50 086 | 33 094 |
| Income statement | |||||||
| Sales revenue | 0 | 840 | 30 269 | 154 318 | 377 705 | 518 028 | 259 386 |
| Operating profit | −983 | −5 | 3084 | 3658 | −173 | 43 699 | −13 203 |
| EBITDA | −383 | −5 | 4337 | 9070 | 8128 | 54 372 | −1726 |
| Profit before income tax | −983 | −5 | 3084 | 3090 | −1563 | 42 380 | −13 992 |
| Profit for the reporting year | −983 | −5 | 3084 | 3090 | −1563 | 42 380 | −13 992 |
| Labour costs | 0 | 0 | 5656 | 48 016 | 56 747 | 77 953 | 70 069 |
| Depreciation of non-current assets | 600 | 0 | 1253 | 5412 | 8301 | 10 673 | 11 477 |
| Other indicators | |||||||
| Employees | 0 | 0 | 1 | 2 | 2 | 3 | 3 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 846 | 3000 |
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 issue4 clear
Data from public registers, not a credit rating.
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Public procurement
1 contractsPublic contracts won worth 76 000 € from 1 contracting authorities (30.05.2025–30.05.2025).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Tartu Mart Reiniku Kooli elektritööd | Tartu Linnavalitsus | 76 000 € | 30.05.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Electric Works OÜ
Overview
Electric Works OÜ (registry code 14440702) is a private limited company (OÜ). The company was entered in the Commercial Register in 2018 and has been registered for 8 years. Registered location: Vissi küla, Nõo vald, Tartu maakond. According to the latest annual report, the main activity is electrical installation works (EMTAK 43211). The company is registered for VAT (VAT number EE102441172).
Financial results
Revenue in financial year 2025 was 259 386 €, down 49,9% on the previous year (518 028 €). Financial year 2025 ended with a loss of 13 992 €. The company was profitable in 3 of the 7 published financial years. In financial year 2025 the company had 3 employees. Revenue per employee was 86 462 €. At the end of financial year 2025, total assets were 93 127 € and equity 33 094 € (35,5% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 69 926 €, down 10,5% on the same quarter a year earlier. The company had 5 employees in that quarter. Labour taxes paid in the quarter: 3079 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 560 € per month.
Management and owners
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
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 03.06.2026. 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.