GridTech OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 094 802 € | 8 | 56 403 € |
| Q2 2026 | 1 801 153 € | 8 | 77 464 € |
| Q1 2026 | 1 323 388 € | 6 | 59 804 € |
| Q4 2025 | 2 013 151 € | 4 | 28 287 € |
| Q3 2025 | 1 149 607 € | 3 | 38 933 € |
| Q2 2025 | 604 034 € | 3 | 19 352 € |
| Q1 2025 | 415 396 € | 2 | 42 772 € |
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
| 2024 | 2025 | |
|---|---|---|
| Balance sheet — assets | ||
| Total current assets | 437 528 | 1 270 688 |
| Total non-current assets | 13 263 | 33 624 |
| Total assets | 450 791 | 1 304 312 |
| Balance sheet — liabilities and equity | ||
| Current liabilities | 223 974 | 806 562 |
| Non-current liabilities | — | 13 734 |
| Total liabilities | 223 974 | 820 296 |
| Share capital | 2500 | 2500 |
| Retained earnings of previous periods | — | 224 317 |
| Profit for the year | 224 317 | 257 199 |
| Total equity | 226 817 | 484 016 |
| Income statement | ||
| Sales revenue | 768 007 | 3 917 757 |
| Operating profit | 224 303 | 256 892 |
| Profit before income tax | 224 317 | 257 199 |
| Profit for the reporting year | 224 317 | 257 199 |
| Labour costs | 98 527 | 339 254 |
| Depreciation of non-current assets | — | — |
| Other indicators | ||
| Employees | 2 | 5 |
| Calculated dividend | — | 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
Data from public registers, not a credit rating.
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Public procurement
6 contractsPublic contracts won worth 8 206 840 € from 2 contracting authorities (20.06.2025–20.05.2026). Plus 1 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Turvesüsteemide ja perimeetrite uuendamine · joint bid | Elering AS | up to 20 000 000 € | 20.05.2026 |
| Vanasadama 110kV alajaam | Elering AS | 2 510 818 € | 08.04.2026 |
| Järveküla alajaama kahe 20kV šuntreaktori ost (IK1745) | Elektrilevi OÜ | 572 259 € | 01.04.2026 |
| Valgu 110kV alajaama renoveerimine | Elering AS | 1 988 671 € | 14.01.2026 |
| Tartu 330 kV trafode reserveerimine koos releekaitse ja automaatika renoveerimisega | Elering AS | 1 101 184 € | 01.10.2025 |
| Oiu 110kV alajaama renoveerimine | Elering AS | 2 033 908 € | 20.06.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: GridTech OÜ
Overview
GridTech OÜ (registry code 16900527) is a private limited company (OÜ). The company was entered in the Commercial Register in 2024 and has been registered for 2 years. Registered location: Valga linn, Valga vald, Valga maakond. According to the latest annual report, the main activity is construction of utility projects for electricity and telecommunications (EMTAK 42221). The company is registered for VAT (VAT number EE102714058).
Financial results
Revenue in financial year 2025 was 3 917 757 €, up 410% on the previous year (768 007 €). Net profit for financial year 2025 was 257 199 € (6,6% of revenue). In financial year 2025 the company had 5 employees (2 a year earlier). Revenue per employee was 783 551 €. At the end of financial year 2025, total assets were 1 304 312 € and equity 484 016 € (37,1% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 1 094 802 €, down 4,8% on the same quarter a year earlier. The company had 8 employees in that quarter. Labour taxes paid in the quarter: 56 403 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4220 € per month.
Management and owners
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.
Data sources and freshness
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 29.06.2026. 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.