Solvtek Engineering OÜ
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Solvtek Engineering OÜ
What kind of company is it?
Solvtek Engineering OÜ (registry code 14529491) 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: Haabersti linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other engineering activities (EMTAK 71129). The company is registered for VAT (VAT number EE102368873).
How is the company doing financially?
Revenue in financial year 2025 was 178 512 €, down 15,8% on the previous year (211 961 €). From 2018/19 to 2025, revenue grew by an average of 52,2% per year. Net profit for financial year 2025 was 28 007 € (15,7% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 89 256 €. At the end of financial year 2025, total assets were 129 874 € and equity 113 752 € (87,6% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 7320 €, down 74,1% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 8850 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2730 € per month.
Who runs the company and who owns it?
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.
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 14.05.2026. 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
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 7320 € | 2 | 8850 € |
| Q2 2026 | 28 732 € | 2 | 8850 € |
| Q1 2026 | 22 770 € | 2 | 8462 € |
| Q4 2025 | 87 050 € | 2 | 9559 € |
| Q3 2025 | 28 271 € | 2 | 9559 € |
| Q2 2025 | 34 853 € | 2 | 9559 € |
| Q1 2025 | 13 524 € | 2 | 9379 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 6001 € (7% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 70 537 | 126 524 | 151 959 | 211 961 | 178 512 |
| Net profit | 22 615 | 19 149 | 64 468 | 63 583 | 28 007 |
| Retained earnings | 13 275 | 31 796 | 43 556 | 25 663 | 83 245 |
| Total assets | 43 902 | 63 461 | 122 427 | 105 090 | 129 874 |
| Total liabilities | 5512 | 10 016 | 11 903 | 13 344 | 16 122 |
| Total equity | 38 390 | 53 445 | 110 524 | 91 746 | 113 752 |
| Employees | 2 | 2 | 2 | 2 | 2 |
| Average gross salary (monthly) | 1171 | 1791 | 1991 | 2502 | 2643 |
| Calculated dividend | 3999 | 4094 | 7389 | 82 361 | 6001 |
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.
Connections graph
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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