Elnora AI OÜ

Registered
16818352Private limited company (OÜ)Founded 2023

Key figures

88 525 €+73,0%
Revenue 2025
+73,0%
Average annual growth 2023/24–2025
025 k50 k75 k100 k2023/242025

Ratios

2025

Summary: Elnora AI OÜ

What kind of company is it?

Elnora AI OÜ (registry code 16818352) is a private limited company (OÜ). The company was entered in the Commercial Register in 2023 and has been registered for 3 years. Registered location: Laagri alevik, Saue vald, Harju 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 EE102672514).

How is the company doing financially?

Revenue in financial year 2025 was 88 525 €, up 73,0% on the previous year (51 164 €). Net profit for financial year 2025 was 76 959 € (86,9% of revenue). In financial year 2025 the company had 2 employees (4 a year earlier). Revenue per employee was 44 263 €. At the end of financial year 2025, total assets were 115 666 € and equity 115 420 € (99,8% of assets). Based on labour costs in the report, the estimated average gross salary was about 2470 € per month.

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 21 913 €, down 59,5% on the same quarter a year earlier. Labour taxes paid in the quarter: 1763 €.

Who runs the company and who owns it?

The company has one management board member. The sole owner of the company is ELNORA AI, INC..

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 28.04.2026. 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
QuarterRevenueNumber of employeesLabour taxes
Q3 202621 913 €—1763 €
Q2 20264049 €—0 €
Q1 20260 €——
Q4 20255566 €—442 €
Q3 202554 079 €—16 122 €
Q2 202546 734 €412 201 €
Q1 20253387 €517 077 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2024–2025
2023/242025
Sales revenue51 16488 525
Net profit−41 63976 959
Retained earnings—−41 639
Total assets62 214115 666
Total liabilities23 753246
Total equity38 461115 420
Employees42
Average gross salary (monthly)28922472

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
Register status
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
2/2 filed
All on time
Business Register · 2024–2025
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph
100%Elnora AI OÜELNORA AI, INC.Carmen Kivisild
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

9 records

State aid and de minimis aid in total 72 697 € (2023–2025). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (62 697 €), Sihtasutus Tallinna Teaduspark TEHNOPOL (10 000 €).

Show all aid records (9)
20259950 €
20242613 €
202360 133 €
GrantorPurposeAmountDate
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA4175 €03.10.2025
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA2963 €17.04.2025
Ettevõtluse ja Innovatsiooni SihtasutusMuu2812 €14.03.2025
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA1379 €23.10.2024
Ettevõtluse ja Innovatsiooni SihtasutusEkspordi edendamine VTA1234 €09.09.2024
Ettevõtluse ja Innovatsiooni SihtasutusInnovatsiooni osak0 €28.03.2024
Ettevõtluse ja Innovatsiooni SihtasutusMuu50 000 €29.12.2023
Sihtasutus Tallinna Teaduspark TEHNOPOLMuu10 000 €17.10.2023
Ettevõtluse ja Innovatsiooni SihtasutusMuu133 €15.10.2023

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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