LightCode Photonics OÜ
RegisteredKey figures
Ratios
2025Summary: LightCode Photonics OÜ
What kind of company is it?
LightCode Photonics OÜ (registry code 16027647) is a private limited company (OÜ). The company was entered in the Commercial Register in 2020 and has been registered for 6 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is research and development in natural sciences and engineering (EMTAK 72101). The company is registered for VAT (VAT number EE102324516).
How is the company doing financially?
Revenue in financial year 2025 was 1320 €, down 32,3% on the previous year (1949 €). Financial year 2025 ended with a loss of 560 213 €. The company made a loss in all 5 published financial years. In financial year 2025 the company had 12 employees (14 a year earlier). Revenue per employee was 110 €. At the end of financial year 2025, total assets were 1 115 278 € and equity 928 936 € (83,3% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 335 090 €, up 4284% on the same quarter a year earlier. The company had 8 employees in that quarter. Labour taxes paid in the quarter: 130 703 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 9500 € 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 (99,2%) is held by Schmersal-EOT Holding GmbH.
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 26.06.2026. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 335 090 € | 8 | 130 703 € |
| Q2 2026 | 11 785 € | 10 | 66 346 € |
| Q1 2026 | 5433 € | 10 | 97 699 € |
| Q4 2025 | 23 994 € | 10 | 34 036 € |
| Q3 2025 | 7643 € | 11 | 124 211 € |
| Q2 2025 | 11 794 € | 12 | 88 132 € |
| Q1 2025 | 7859 € | 13 | 118 383 € |
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
| 2020/21 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 0 | 83 557 | 48 | 1949 | 1320 |
| Net profit | −265 358 | −640 493 | −564 148 | −493 783 | −560 213 |
| Retained earnings | — | −265 358 | −905 850 | −1 469 998 | −1 963 781 |
| Total assets | 257 407 | 683 203 | 1 547 747 | 1 113 153 | 1 115 278 |
| Total liabilities | 94 784 | 1 158 280 | 323 395 | 194 619 | 186 342 |
| Total equity | 162 623 | −475 077 | 1 224 352 | 918 534 | 928 936 |
| Employees | 8 | 17 | 18 | 14 | 12 |
| Average gross salary (monthly) | 1987 | 2843 | 3947 | 4834 | 4273 |
| Calculated dividend | — | — | 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 obligations1 note1 for information5 clear
Data from public registers, not a credit rating.
Connections graph
State aid and grants
24 recordsState aid and de minimis aid in total 2 455 083 € (2021–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (2 402 083 €), Sihtasutus Tallinna Teaduspark TEHNOPOL (50 000 €), Välisministeerium (3000 €).
Show all aid records (24)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 15 302 € | 30.09.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 17 134 € | 16.03.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 6000 € | 27.10.2025 |
| Välisministeerium | Nõustamine VTA | 3000 € | 14.10.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 20 339 € | 03.10.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 22 667 € | 11.04.2025 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 10 922 € | 24.10.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt b) - rakendusuuringud | 1 102 948 € | 19.03.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele antav innovatsiooniabi (artikkel 28) | 19 000 € | 19.03.2024 |
| Sihtasutus Tallinna Teaduspark TEHNOPOL | Muu | 50 000 € | 31.05.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 2280 € | 10.03.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 3000 € | 01.02.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 650 € | 23.11.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 704 € | 07.10.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | VKEdele antav innovatsiooniabi (artikkel 28) | 9000 € | 19.09.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt b) - rakendusuuringud | 1 167 312 € | 19.09.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 1585 € | 01.04.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 540 € | 11.10.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 1215 € | 01.10.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 540 € | 31.08.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 0 € | 02.03.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 0 € | 02.03.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 878 € | 02.03.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 67 € | 01.01.2021 |
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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