Gren Tartu AS

Legal form:: Public limited company
Registry code:: 10641763
VAT no.:: EE100660269
Fiscal-year period:: 01.01 - 31.12
Established:: 07.02.2000 (26 y)
Former business names:: AS Fortum Tartu, AS Tartu Energia, Aktsiaselts KotkaEnergy Holding
Capital:: 6 415 560 EUR
Address:: Sõbra tn 54/1, Tartu linn, Tartu linn, Tartu maakond, 50106
Status:: Registered
LEI code:: 894500ISPPYYLXQD8S86
E-invoice reception:: Billberry

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Contacts

Phone:: +372 7337100
Email:: info.tartu@gren.com
Website:: https://gren.com/ee

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Industries

Industry TOPNo. 1 of 52 companies

1.Gren Tartu AS67.6M €
2.Adven Eesti AS35.3M €
3.SW ENERGIA OÜ30.1M €
4.Gren Viru AS18.1M €
5.Silpower Aktsiaselts15.1M €
6.Gren Viljandi AS9.2M €
7.N.R. Energy Osaühing7.1M €
8.Aktsiaselts Kuressaare Soojus6.5M €
9.Danpower Eesti AS6.5M €
10.Aktsiaselts Rakvere Soojus3.4M €

Main activity 35301 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100660269	01.12.2000	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	30.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	21.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	21.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	21.10.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	02.11.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	26.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	04.07.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	30.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	30.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	30.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	01.07.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	29.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	01.07.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	29.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	07.07.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	04.07.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	02.07.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	26.04.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	30.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	30.06.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	01.07.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	26.06.2002	Valid	PDF
2000	01.01.2000 – 31.12.2000	05.06.2001	Valid	PDF

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Tax debt Reports Declarations Court decisions2 Official announcements17 TTJA decisions–Real estate7 .ee domains1 Licenses9 Regulations42 Public transactions3655 Grants4 State aid5 Public procurement7 Holdings in companies1 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	0 €	407 209 €	9,86 M €−30,4%	66
2026 Q2	1,12 M €	576 883 €	14,2 M €−47,3%	67
2026 Q1	0 €	377 868 €	26,9 M €+61,9%	68
Total 2026:	1,12 M €	1,36 M €	51,0 M €
2025 Q4	1,37 M €	381 271 €	16,6 M €+111%	68
2025 Q3	491 042 €	395 292 €	7,89 M €−47,4%	65
2025 Q2	1,55 M €	545 528 €	15,0 M €−25,3%	65
2025 Q1	2,09 M €	359 309 €	20,1 M €+51,7%	64
Total 2025:	5,50 M €	1,68 M €	59,6 M €
2024 Q4	1,24 M €	346 195 €	13,2 M €+73,7%	64
2024 Q3	363 578 €	366 374 €	7,62 M €−38,7%	65
2024 Q2	1,49 M €	501 519 €	12,4 M €−49,2%	65
2024 Q1	2,60 M €	318 763 €	24,5 M €+48,6%	63
Total 2024:	5,70 M €	1,53 M €	57,8 M €
2023 Q4	1,95 M €	310 041 €	16,5 M €+94,9%	63
2023 Q3	828 859 €	366 762 €	8,45 M €−46,9%	63
2023 Q2	1,62 M €	471 775 €	15,9 M €−47,2%	67
2023 Q1	1,69 M €	329 262 €	30,1 M €+67,7%	65
Total 2023:	6,09 M €	1,48 M €	70,9 M €
2022 Q4	947 835 €	307 765 €	17,9 M €+35,0%	64
2022 Q3	974 451 €	200 021 €	13,3 M €+182%	61
2022 Q2	364 524 €	78 933 €	4,71 M €+1 173%	59
2022 Q1	93 403 €	63 457 €	370 177 €+53,3%	53
Total 2022:	2,38 M €	650 176 €	36,3 M €
2021 Q4	81 374,08 €	59 225,38 €	241 448 €−39,7%	5
2021 Q3	96 181,87 €	73 027,98 €	400 722,77 €−1,5%	5
2021 Q2	80 493,07 €	55 694,41 €	406 762,83 €+52,6%	6
2021 Q1	71 048,96 €	48 137,33 €	266 495,57 €−22,3%	9
Total 2021:	329 097,98 €	236 085,10 €	1,32 M €
2020 Q4	71 489,50 €	45 166,20 €	342 875 €+19,3%	9
2020 Q3	392 337,96 €	50 530,75 €	287 473 €+48,0%	9
2020 Q2	82 258,87 €	54 853,84 €	194 198 €−10,7%	9
2020 Q1	74 189 €	45 882 €	217 471 €−5,7%	9
Total 2020:	620 275,33 €	196 432,79 €	1,04 M €
2019 Q4	74 682 €	44 937 €	230 598 €+17,3%	9
2019 Q3	66 649 €	42 116 €	196 657 €+16,3%	9
2019 Q2	1,34 M €	64 198 €	169 162 €−43,0%	9
2019 Q1	67 654 €	44 622 €	297 026 €+71,9%	9
Total 2019:	1,55 M €	195 873 €	893 443 €
2018 Q4	67 878 €	41 776 €	172 803 €+4,9%	9
2018 Q3	63 113 €	43 409 €	164 670 €+0,9%	9
2018 Q2	81 505 €	56 240 €	163 140 €−10,2%	9
2018 Q1	66 592 €	39 792 €	181 646 €+9,1%	9
Total 2018:	279 088 €	181 217 €	682 259 €
2017 Q4	60 042 €	38 206 €	166 439 €+6,5%	9
2017 Q3	66 310 €	40 930 €	156 300 €−3,1%	9
2017 Q2	81 582 €	59 073 €	161 243 €−24,6%	9
2017 Q1	65 021 €	39 402 €	213 855 €+35,7%	9
Total 2017:	272 955 €	177 611 €	697 837 €
2016 Q4	62 846 €	40 839 €	157 651 €+12,0%	8
2016 Q3	63 468 €	36 453 €	140 719 €−22,5%	8
2016 Q2	69 356 €	47 051 €	181 634 €+25,1%	8
2016 Q1	63 248 €	37 612 €	145 196 €+0,7%	8
Total 2016:	258 918 €	161 955 €	625 200 €
2015 Q4	58 595 €	35 446 €	144 152 €−22,1%	9
2015 Q3	72 050 €	45 486 €	184 984 €+13,4%	9
2015 Q2	64 371 €	40 120 €	163 158 €+22,8%	9
2015 Q1	57 524 €	32 681 €	132 907 €	9
Total 2015:	252 540 €	153 733 €	625 201 €

Revenue by industry

	2023	2024	2025
Steam and air-conditioning supply	45 285 976 €	34 566 848 €	34 626 776 €
Other electricity generation, incl. from biomass		14 531 890 €	12 522 392 €
Peat extraction		1 330 080 €	726 854 €
Distribution of electricity	748 657 €	547 115 €	459 742 €
Renting and operating of own or leased real estate	20 692 €	15 779 €
Other electricity generation (incl. from biomass)	23 198 236 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Diana Laurits-Tass	47201XXXXXX	17.01.1972 (54)	Procurator	02.03.2026	-
Imbi Loomets	47804XXXXXX	30.04.1978 (48)	Procurator	02.03.2026	-
Kadri Uibopuu	48102XXXXXX	24.02.1981 (45)	Procurator	02.03.2026	-
Margo Külaots	37207XXXXXX	01.07.1972 (54)	Board member	01.12.2000	-

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Shareholders

	Personal ID code
GREN OY	-	-	Shareholder	6 415 560 EUR	100,00%	Sole ownership	11.02.2025	-

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Other persons

	Personal ID code
Reena Kangur	48403XXXXXX	08.03.1984 (42)	Supervisory-board member	17.01.2025	-
Aktsiaselts PricewaterhouseCoopers	10142876	30.04.1997 (29)	Audit firm	09.12.2022	-
Laura-Maria Jauhiainen	10128XXXXXX	10.12.1985 (40)	Supervisory-board member	04.11.2022	-
Ilkka Johannes Niiranen	-	19.10.1981 (45)	Chairman of the supervisory board	04.01.2022	-
Urmo Heinam	38303XXXXXX	15.03.1983 (43)	Supervisory-board member	24.09.2021	-

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Ultimate beneficial owners

	Personal ID code
Ilkka Johannes Niiranen	-	19.10.1981 (45)	Member of higher governing body (board or supervisory board)	03.01.2024	-
Margo Külaots	37207XXXXXX	01.07.1972 (54)	Member of higher governing body (board or supervisory board)	03.01.2024	-

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Holdings in companies


Gren Viru AS	18.11.1996	Shareholder	2 200 000 EUR	100,00%	Sole ownership	05.12.2025	-

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2026 Q3

Turnover

Amount: 9 864 643 €
Monthly average: 3 288 214 €
Per employee: 49 821 €
Equity ratio: 51,25%

Labour taxes

Turnover ratio: 4,13%
Tax ratio: -
Monthly average: 135 736 €
Per employee: 2 041 €

State taxes

Monthly average: 0 €
Turnover ratio: 0,00%

Estimated salary

Gross salary: 3 674 €
Net salary: 2 917 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	11 218 231 €−34,6%	17 149 876 €−20,9%	21 687 744 €−28,9%	30 501 768 €+311%	7 418 773 €−8,6%	8 121 213 €	-
Non-current assets	191 308 544 €+2,3%	186 931 584 €+24,1%	150 609 200 €+1,0%	149 106 016 €+44,8%	102 983 208 €+376%	21 650 310 €	-
Total assets	202 526 768 €−0,8%	204 081 456 €+18,4%	172 296 944 €−4,1%	179 607 776 €+977%	16 678 253 €−44,0%	29 771 524 €−21,1%	37 743 184 €
Short-term liabilities	9 292 737 €+27,6%	7 280 429 €−0,6%	7 323 458 €−48,8%	14 296 849 €+1 691%	798 246 €−88,9%	7 176 245 €	-
Long-term liabilities	19 805 248 €−47,3%	37 588 232 €+129%	16 390 050 €−54,4%	35 956 224 €+550%	5 535 506 €−51,3%	11 370 518 €	-
Total liabilities	29 097 985 €−35,1%	44 868 661 €+89,2%	23 713 508 €−52,8%	50 253 073 €+693%	6 333 752 €−65,8%	18 546 763 €	-
Share or stock capital	6 415 560 €	6 415 560 €	6 415 560 €	6 415 560 €	6 415 560 €	6 415 560 €	-
Retained earnings	153 085 200 €+9,8%	139 382 016 €+19,3%	116 863 464 €+11,1%	105 223 168 €+2 425%	4 167 644 €+443%	-1 214 098 €	-
Net profit	12 064 917 €−12,0%	13 703 194 €−39,2%	22 520 336 €+93,5%	11 640 301 €+5 160%	221 285 €−95,9%	5 381 742 €	-
Equity	173 428 784 €+8,9%	159 212 800 €+7,2%	148 583 424 €+14,9%	129 354 704 €+1 030%	11 446 045 €+2,0%	11 224 760 €	-
Turnover	48 742 524 €−5,9%	51 772 008 €−27,9%	71 784 136 €+23,0%	58 345 072 €+33,2%	43 800 888 €+6 383%	675 600 €+0,4%	673 200 €
Profit margin	24,8%	26,5%	31,4%	20,0%	0,5%	796,6%	-

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	19 247 501 €	5 128 €
Liquidity
Current ratio	2,1	9,3
Quick ratio	2,0	9,3
Cash ratio	0,5	5,0
Efficiency
Days sales outstanding (dso)	62,3	2 765,7
Asset turnover	0,6	0,0
Structure
Debt ratio	0,3	0,3
Profitability
Operating margin	20,2%	0,6%
Net profit margin	20,0%	31,6%
Return on assets (roa)	11,9%	1,0%
Return on equity (roe)	9,0%	1,9%

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Licences & notices


License	SLM20/0805	Frequency licences	Valid	20.02.2020	19.02.2024
Notice of economic activity	ELM000103	Sale of electricity	Valid	10.04.2019	-
License	SLM14/10143	Frequency licences	Valid	30.09.2014	30.09.2023
License	KSJ000015	District heating	Valid	13.04.2011	-
License	KSM000023	District heating	Valid	13.04.2011	-

Regulations


Ä 20019419 / M12	11.08.2026	Order to remedy deficiencies for correcting extra-entry data – Amendment entry	21.08.2026	Entered into force11.08.2026
Ä 20019419 / 30	02.03.2026	Entry – Amendment entry	-	Entered into force02.03.2026
Ä 20019419 / 29	10.07.2025	Entry – Amendment entry under NSPA § 595¹ (1)	-	Entered into force10.07.2025
Ä 20019419 / 28	18.09.2024	Negative entry order – deficiencies not remedied – Amendment entry under NSPA § 595¹ (1)	-	Entered into force08.10.2024
Ä 20019419 / M11	26.08.2024	Directive order – Amendment entry under NSPA § 595¹ (1)	05.09.2024	Entered into force26.08.2024

Real estate

		Purpose
Lennuka, Muri küla, Luunja vald, Tartu maakond	137 402 m²	Transport land 100%
Lõõtsa tn 1, Tartu linn, Tartu linn, Tartu maakond	9907 m²	Industrial land 100%
Lõõtsa tn 3, Tartu linn, Tartu linn, Tartu maakond	10 743 m²	Industrial land 100%
Lõõtsa tänav, Tartu linn, Tartu linn, Tartu maakond	3257 m²	Transport land 100%
Soojuse tee 12, Lohkva küla, Luunja vald, Tartu maakond	3331 m²	Industrial land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-24-106890/4	Kohtu I astme menetlus	Court ruling	Law of obligations	Merili Ratasepp	ECLI:EE:TMK:2024:2.24.106890.6676	24.04.2024	Open
2-14-60625/63	Määruskaebusmenetlus	Court ruling	Property law, law of obligations	Kai Kullerkupp, Üllar Roostoja, Kersti Kerstna-Vaks	ECLI:EE:TRRK:2016:2.14.60625.191	14.03.2016	Open

Official announcements


Notice of granting or refusal of an integrated permit	07.05.2026	PDF
Notice of disclosure of the draft integrated permit	16.04.2026	PDF
Notice of initiation of proceedings for an integrated permit	26.01.2026	PDF
Notice of granting or refusal of an integrated permit	05.09.2025	PDF
Notice of disclosure of the draft integrated permit	03.07.2025	PDF

Public transactions


28.09.2026	Riigikohus	1 523,50 €Received	OPERATING EXPENSESCourt
28.09.2026	Transpordiamet	493,27 €Received	OPERATING EXPENSESRoad transport
25.09.2026	Anne Saun	2 593,29 €Received	OPERATING EXPENSESOther housing and municipal-services activities
25.09.2026	Tartu Sport	2 777,38 €Received	OPERATING EXPENSESSport
25.09.2026	Tartu Noorsootöö Keskus	170,94 €Received	OPERATING EXPENSESYouth work and youth centres

Funded projects


Tartu linnas Sõpruse pst 17, 19, 21 ja Pikk tn 88, 90, 92, 94, 96, 100 soojustorustike renoveerimine2021-2027.2.01.23-1653	(EK nr 2.1) Energiatõhususe edendamine ja kasvuhoonegaaside vähendamineERDF · Sihtasutus Keskkonnainvesteeringute Keskus	29.08.2024 – 28.08.20262021-2027	445 544,40 €support 30,0%	418 100,40 €	Completed
Tartu linnas Vaarika, Tihase, Linnu ja Lemmatsi tänavate ning Tamme puiestee soojustorustike renoveerimine2021-2027.2.01.23-1620	(EK nr 2.1) Energiatõhususe edendamine ja kasvuhoonegaaside vähendamineERDF · Sihtasutus Keskkonnainvesteeringute Keskus	03.06.2024 – 30.05.20262021-2027	910 000 €support 29,2%	910 000 €	Completed
Tartu linnas Sepakuru tn 2a, 2b ja 4b soojustorustike renoveerimine2021-2027.2.01.23-1613	(EK nr 2.1) Energiatõhususe edendamine ja kasvuhoonegaaside vähendamineERDF · Sihtasutus Keskkonnainvesteeringute Keskus	01.05.2024 – 31.10.20252021-2027	255 200 €support 30,0%	238 252 €	Completed
Tartu vallas Raadi alevi Pärna allee ja Kaupmehe tänavate piirkonnale uus soojustorustiku ühendus2021-2027.2.01.23-1626	(EK nr 2.1) Energiatõhususe edendamine ja kasvuhoonegaaside vähendamineERDF · Sihtasutus Keskkonnainvesteeringute Keskus	01.04.2024 – 31.03.20262021-2027	2 755 000 €support 28,0%	2 717 471 €	Completed

State aid


08.03.2024	SA Keskkonnainvesteeringute KeskusAid measure 231604	EK grupierandi määrus 651/2014 Keskkonnakaitseks antav abi (artiklid 36 - 49) › Energiatõhusa kaugkütte ja/või -jahutuse jaoks antav investeeringuteks ettenähtud abi (artikkel 46 alates 01.07.23)Grant	125 430,13 €	231604/2400036
08.03.2024	SA Keskkonnainvesteeringute KeskusAid measure 231604	EK grupierandi määrus 651/2014 Keskkonnakaitseks antav abi (artiklid 36 - 49) › Energiatõhusa kaugkütte ja/või -jahutuse jaoks antav investeeringuteks ettenähtud abi (artikkel 46 alates 01.07.23)Grant	71 475,60 €	231604/2400037
08.03.2024	SA Keskkonnainvesteeringute KeskusAid measure 231604	EK grupierandi määrus 651/2014 Keskkonnakaitseks antav abi (artiklid 36 - 49) › Energiatõhusa kaugkütte ja/või -jahutuse jaoks antav investeeringuteks ettenähtud abi (artikkel 46 alates 01.07.23)Grant	760 497,33 €	231604/2400038
08.03.2024	SA Keskkonnainvesteeringute KeskusAid measure 231604	EK grupierandi määrus 651/2014 Keskkonnakaitseks antav abi (artiklid 36 - 49) › Energiatõhusa kaugkütte ja/või -jahutuse jaoks antav investeeringuteks ettenähtud abi (artikkel 46 alates 01.07.23)Grant	265 500 €	231604/2400039
22.08.2017	Elering ASAid measure 18708	Keskkonna- ja energiaalane riigiabi (Loa taotluse alusel) › Taastuvatest energiaallikatest energia tootmiseks antav tegevusabiGrant	33 178,39 €	18708/2400393

Public procurement contracts


25.10.2025End 31.10.2033	Reference number 281773 · CFD leping-4	Elering ASContracting authority	0,01 €	Concluded
25.10.2025End 31.10.2033	Reference number 281773 · CFD leping-3	Elering ASContracting authority	0,01 €	Concluded
30.04.2025End 19.06.2026	Reference number 289369 · Ehituse töövõtuleping	OÜ TARTAL GRUPPContractor	464 556 €	Completed
23.08.2024End 30.09.2025	Reference number 281699 · EHITUSE TÖÖVÕTULEPING nr 0003 GT	Giga Ehitus OÜContractor	1 089 885 €	Completed
25.06.2024End 22.11.2024	Reference number 280360 · EHITUSE TÖÖVÕTULEPING nr 0002 GT	OÜ TARTAL GRUPPContractor	238 252 €	Completed

.ee domains


gren.ee	Active	23.04.2021	24.04.2027

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.