VELSI Service OÜ

Registered

14551732Private limited company (OÜ)Founded 2018

Key figures

109 218 €−50,2%

Revenue 2025

+23,9%

Average annual growth 2018/19–2025

Ratios

2025

−20,0%

Profit margin

−12,4%

EBITDA margin

44,8%

Equity ratio

0,9×

Current ratio

−69,2%

Return on equity

832 €

Average gross salary

Summary: VELSI Service OÜ

What kind of company is it?

VELSI Service OÜ (registry code 14551732) 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: Voka alevik, Jõhvi vald, Ida-Viru maakond. According to the latest annual report, the main activity is electrical installation works (EMTAK 43211). The company is registered for VAT (VAT number EE102242342).

How is the company doing financially?

Revenue in financial year 2025 was 109 218 €, down 50,2% on the previous year (219 250 €). From 2018/19 to 2025, revenue grew by an average of 23,9% per year. Financial year 2025 ended with a loss of 21 879 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 54 609 €. At the end of financial year 2025, total assets were 70 643 € and equity 31 632 € (44,8% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 49 010 €, up 189% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 2188 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 830 € 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 15.05.2026. 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	49 010 €	2	2188 €
Q2 2026	29 085 €	2	2637 €
Q1 2026	19 296 €	2	2764 €
Q4 2025	54 008 €	2	3917 €
Q3 2025	16 961 €	2	3181 €
Q2 2025	11 943 €	2	3116 €
Q1 2025	86 106 €	2	3440 €

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

	2021	2022	2023	2024	2025
Sales revenue	99 046	68 039	125 813	219 250	109 218
Net profit	10 596	−4593	1100	31 141	−21 879
Retained earnings	12 769	23 365	18 772	19 871	51 011
Total assets	86 749	74 017	74 520	139 860	70 643
Total liabilities	60 884	52 745	52 148	86 348	39 011
Total equity	25 865	21 272	22 372	53 512	31 632
Employees	3	2	2	2	2
Average gross salary (monthly)	368	594	768	1067	1104
Calculated dividend	0	0	0	0	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

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

All on time

Business Register · 2023–2025

Commercial pledges

None

Business Register

Share pledges and disposal bans

None

Business Register

Data from public registers, not a credit rating.

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State aid and grants

1 record

State aid and de minimis aid in total 3825 € (2022). Largest grantors: Eesti Töötukassa (3825 €).

Show all aid records (1)

20223825 €

Grantor	Purpose	Amount	Date
Eesti Töötukassa	Palgatoetus VTA	3825 €	13.07.2022

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.

Related companies

Largest in the same sector — Construction

Same activity — Electrical installation works