Vestman Solar OÜRegistered
Key figures
219 244 €−39,8%
Revenue 2025
+99,5%
Average annual growth 2020–2025
Ratios
2025−247,8%
Profit margin
23,2%
EBITDA margin
11,9%
Equity ratio
0,2×
Current ratio
−55,8%
Return on equity
4432 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 77 754 € | — | 12 750 € |
| Q1 2026 | 5923 € | — | 19 096 € |
| Q4 2025 | 62 476 € | — | 13 742 € |
| Q3 2025 | 71 976 € | — | 13 835 € |
| Q2 2025 | 82 418 € | — | 13 670 € |
| Q1 2025 | 13 829 € | — | 15 881 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 9083 | 177 472 | 456 448 | 960 088 | 388 392 | 40 431 | 105 089 |
| Total non-current assets | 12 890 | 4 225 778 | 3 779 743 | 2 658 844 | 4 505 446 | 8 211 824 | 8 091 982 |
| Total assets | 21 973 | 4 403 250 | 4 236 191 | 3 618 932 | 4 893 838 | 8 252 255 | 8 197 071 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1575 | 932 117 | 600 335 | 1 780 148 | 429 484 | 822 682 | 487 719 |
| Non-current liabilities | — | 3 539 000 | 3 769 864 | 2 166 227 | 2 612 291 | 5 912 824 | 6 735 935 |
| Total liabilities | 1575 | 4 471 117 | 4 370 199 | 3 946 375 | 3 041 775 | 6 735 506 | 7 223 654 |
| Share capital | 25 000 | 25 000 | 25 000 | 25 000 | 25 000 | 25 000 | 25 000 |
| Retained earnings of previous periods | — | −4992 | −92 867 | −159 008 | 1 598 284 | 1 827 063 | 1 491 749 |
| Profit for the year | −4602 | −87 875 | −66 141 | −193 435 | 228 779 | −335 314 | −543 332 |
| Total equity | 20 398 | −67 867 | −134 008 | −327 443 | 1 852 063 | 1 516 749 | 973 417 |
| Income statement | |||||||
| Sales revenue | — | 6931 | 995 | 0 | 458 256 | 363 918 | 219 244 |
| Operating profit | −4992 | −27 654 | −44 864 | −179 515 | 409 348 | 36 791 | −104 069 |
| EBITDA | — | — | — | — | 548 467 | 187 433 | 50 788 |
| Profit before income tax | −4602 | −87 875 | −66 141 | −193 435 | 228 779 | −335 314 | −543 332 |
| Profit for the reporting year | −4602 | −87 875 | −66 141 | −193 435 | 228 779 | −335 314 | −543 332 |
| Labour costs | — | 2545 | 2544 | 2544 | 2545 | 89 392 | 142 309 |
| Depreciation of non-current assets | — | — | — | — | 139 119 | 150 642 | 154 857 |
| Other indicators | |||||||
| Employees | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Calculated dividend | — | 0 | 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.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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