AS Connecto Infra

Legal form:: Public limited company
Registry code:: 10722319
VAT no.:: EE100667411
Fiscal-year period:: 01.01 - 31.12
Established:: 08.01.2001 (25 y)
Former business names:: AS Connecto Eesti, Aktsiaselts Connecto, Eltel Networks AS
Capital:: 958 674,73 EUR
Address:: Tuisu tn 19, Kristiine linnaosa, Tallinn, Harju maakond, 11314
Status:: Registered
E-invoice reception:: Telema

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Contacts

Phone:: +372 6063100
Email:: info@connecto.ee
Website:: www.connecto.ee

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Industries

CONSTRUCTION
Construction of civil engineering projects
Construction of utility network projects
42221 – Construction of power and telecommunications lines

Industry TOPNo. 2 of 262 companies

1.Arrow ECS Baltic OÜ166.7M €
2.AS Connecto Infra116.8M €
3.LEONHARD WEISS OÜ94M €
4.Enersense Aktsiaselts41M €
5.AS INF Ehitus32.7M €
6.AS Connecto Eesti31.9M €
7.aktsiaselts Eleväli23M €
8.E-Service Aktsiaselts17.4M €
9.Kagu Elekter OÜ15M €
10.Energiapartner OÜ14.5M €

Main activity 42221 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100667411	01.02.2001	-

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	29.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	04.05.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	27.03.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	26.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	23.07.2018	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	30.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	29.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	30.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	30.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	15.05.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	07.07.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	28.09.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	05.07.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	30.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	26.05.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	21.03.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	07.05.2002	Valid	PDF

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No unsubmitted declarations as of 19.10.2026.

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Tax debt Reports Declarations Court decisions19 Official announcements15 TTJA decisions–Real estate1 .ee domains3 Licenses10 Regulations79 Public transactions559 Grants1 State aid8 Public procurement537 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	4,65 M €	1,46 M €	17,4 M €−45,3%	153
2026 Q2	4,44 M €	1,07 M €	31,8 M €+45,9%	157
2026 Q1	4,78 M €	2,06 M €	21,8 M €−52,5%	152
Total 2026:	13,9 M €	4,59 M €	70,9 M €
2025 Q4	5,29 M €	935 869 €	45,8 M €+37,5%	153
2025 Q3	3,25 M €	1,21 M €	33,3 M €+34,9%	153
2025 Q2	2,20 M €	1,25 M €	24,7 M €−24,8%	154
2025 Q1	8,57 M €	3,35 M €	32,9 M €−11,1%	156
Total 2025:	19,3 M €	6,74 M €	136,7 M €
2024 Q4	6,10 M €	2,06 M €	37,0 M €−14,5%	151
2024 Q3	7,15 M €	1,79 M €	43,2 M €+30,0%	155
2024 Q2	6,69 M €	2,03 M €	33,2 M €−1,8%	168
2024 Q1	5,45 M €	2,89 M €	33,8 M €−24,1%	172
Total 2024:	25,4 M €	8,77 M €	147,3 M €
2023 Q4	6,73 M €	1,96 M €	44,6 M €+54,7%	178
2023 Q3	3,80 M €	1,77 M €	28,8 M €+14,7%	180
2023 Q2	3,47 M €	1,51 M €	25,1 M €+3,3%	182
2023 Q1	4,28 M €	2,31 M €	24,3 M €−24,7%	182
Total 2023:	18,3 M €	7,55 M €	122,8 M €
2022 Q4	3,57 M €	1,28 M €	32,3 M €+22,5%	185
2022 Q3	2,19 M €	1,30 M €	26,4 M €+63,1%	180
2022 Q2	1,97 M €	1,20 M €	16,2 M €+0,4%	189
2022 Q1	3,22 M €	1,83 M €	16,1 M €−8,9%	186
Total 2022:	11,0 M €	5,61 M €	90,9 M €
2021 Q4	2,54 M €	1,20 M €	17,7 M €+53,2%	357
2021 Q3	2,15 M €	1,09 M €	11,5 M €+59,7%	348
2021 Q2	1,17 M €	848 769,88 €	7,22 M €−17,3%	348
2021 Q1	2,04 M €	1,17 M €	8,72 M €−11,6%	288
Total 2021:	7,89 M €	4,31 M €	45,1 M €
2020 Q4	1,48 M €	781 642,74 €	9,86 M €−27,6%	292
2020 Q3	1,82 M €	852 221,74 €	13,6 M €+49,4%	284
2020 Q2	1,46 M €	780 776,19 €	9,12 M €+12,1%	292
2020 Q1	1,69 M €	1,16 M €	8,14 M €−43,5%	289
Total 2020:	6,45 M €	3,57 M €	40,7 M €
2019 Q4	2,31 M €	821 022 €	14,4 M €+52,4%	298
2019 Q3	1,20 M €	823 399 €	9,45 M €+16,8%	305
2019 Q2	1,08 M €	693 368 €	8,09 M €+8,3%	295
2019 Q1	1,48 M €	910 686 €	7,47 M €−31,6%	283
Total 2019:	6,07 M €	3,25 M €	39,4 M €
2018 Q4	1,59 M €	675 718 €	10,9 M €+34,8%	283
2018 Q3	1,27 M €	709 463 €	8,10 M €+26,5%	282
2018 Q2	1,20 M €	634 542 €	6,40 M €+20,2%	285
2018 Q1	1,20 M €	806 126 €	5,32 M €−25,8%	286
Total 2018:	5,25 M €	2,83 M €	30,7 M €
2017 Q4	1,82 M €	800 900 €	7,17 M €+4,9%	302
2017 Q3	1,34 M €	815 298 €	6,84 M €+30,8%	317
2017 Q2	1,01 M €	799 227 €	5,23 M €−12,2%	318
2017 Q1	1,35 M €	800 978 €	5,95 M €−6,5%	311
Total 2017:	5,51 M €	3,22 M €	25,2 M €
2016 Q4	1,50 M €	777 474 €	6,37 M €−7,8%	331
2016 Q3	859 058 €	843 121 €	6,91 M €+8,2%	331
2016 Q2	1,17 M €	779 386 €	6,38 M €−4,1%	331
2016 Q1	1,34 M €	812 295 €	6,65 M €−2,2%	331
Total 2016:	4,87 M €	3,21 M €	26,3 M €
2015 Q4	1,30 M €	765 634 €	6,80 M €−8,1%	342
2015 Q3	1,26 M €	833 138 €	7,40 M €+8,0%	342
2015 Q2	1,05 M €	771 586 €	6,86 M €−8,3%	342
2015 Q1	1,09 M €	841 689 €	7,48 M €	342
Total 2015:	4,69 M €	3,21 M €	28,5 M €

Revenue by industry

	2023	2024	2025
Construction of power and telecommunications lines	104 940 000 €	131 563 000 €	119 376 000 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Rauno Loit	39501XXXXXX	22.01.1995 (31)	Board member	09.04.2026	-
Janek Sulev	37901XXXXXX	07.01.1979 (47)	Board member	30.12.2022	-

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Shareholders

	Personal ID code
OÜ Connecto Varad	17149723	07.01.2025 (1)	Shareholder	958 674,73 EUR	100,00%	Sole ownership	07.07.2025	-

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Other persons

	Personal ID code
Alar Lagus	36902XXXXXX	15.02.1969 (57)	Supervisory-board member	01.04.2026	-
Jaanus Tiisvend	37505XXXXXX	23.05.1975 (51)	Supervisory-board member	17.02.2026	-
Ivo Volkov	37605XXXXXX	13.05.1976 (50)	Chairman of the supervisory board	26.09.2024	-
Ilmar Tälli	37203XXXXXX	13.03.1972 (54)	Audit firm	28.07.2021	-
TPMM Nordic OÜ	10793450	13.09.2001 (25)	Audit firm	28.07.2021	-

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Ultimate beneficial owners

	Personal ID code
Janek Sulev	37901XXXXXX	07.01.1979 (47)	Indirect holding	07.04.2025	-
Juho Järva	37212XXXXXX	04.12.1972 (53)	Indirect holding	07.04.2025	-
Raul Osman	36203XXXXXX	24.03.1962 (64)	Indirect holding	07.04.2025	-
Toomas Annus	36010XXXXXX	05.10.1960 (66)	Indirect holding	25.07.2023	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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2026 Q3

Turnover

Amount: 17 389 043 €
Monthly average: 5 796 348 €
Per employee: 37 885 €
Equity ratio: 604,62%

Labour taxes

Turnover ratio: 8,40%
Tax ratio: 31,44%
Monthly average: 487 173 €
Per employee: 3 143 €

State taxes

Monthly average: 1 549 348 €
Turnover ratio: 26,73%

Estimated salary

Gross salary: 5 554 €
Net salary: 4 330 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	59 604 000 €+0,2%	59 507 000 €+15,5%	51 540 000 €+114%	24 057 000 €+14,3%	21 051 000 €+55,9%	13 499 000 €−6,5%	14 432 000 €
Non-current assets	3 114 000 €−32,5%	4 611 000 €+41,8%	3 251 000 €+4,6%	3 108 000 €+6,0%	2 932 000 €+54,1%	1 903 000 €−9,1%	2 093 000 €
Total assets	62 718 000 €−2,2%	64 118 000 €+17,0%	54 791 000 €+102%	27 165 000 €+13,3%	23 983 000 €+55,7%	15 402 000 €−6,8%	16 525 000 €
Short-term liabilities	39 148 000 €−15,8%	46 491 000 €+45,0%	32 073 000 €+134%	13 703 000 €−1,8%	13 957 000 €+128%	6 121 000 €−22,8%	7 932 000 €
Long-term liabilities	329 000 €−63,2%	893 000 €−9,8%	990 000 €+31,6%	752 000 €+42,7%	527 000 €+110%	251 000 €−56,9%	582 000 €
Total liabilities	39 477 000 €−16,7%	47 384 000 €+43,3%	33 063 000 €+129%	14 455 000 €−0,2%	14 484 000 €+127%	6 372 000 €−25,2%	8 514 000 €
Share or stock capital	959 000 €	959 000 €	959 000 €	959 000 €	959 000 €	959 000 €	959 000 €
Retained earnings	3 931 000 €+5 285%	73 000 €−99,2%	9 255 000 €+35,2%	6 844 000 €+18,3%	5 784 000 €+4,1%	5 555 000 €+25,0%	4 443 000 €
Net profit	18 255 000 €+17,0%	15 606 000 €+36,7%	11 418 000 €+137%	4 811 000 €+80,9%	2 660 000 €+9,9%	2 420 000 €−3,7%	2 513 000 €
Equity	23 241 000 €+38,9%	16 734 000 €−23,0%	21 728 000 €+71,0%	12 710 000 €+33,8%	9 499 000 €+5,2%	9 030 000 €+12,7%	8 011 000 €
Turnover	119 376 000 €−9,3%	131 563 000 €+25,4%	104 940 000 €+17,0%	89 673 000 €+82,5%	49 144 000 €+35,0%	36 391 000 €−9,1%	40 047 000 €
Profit margin	15,3%	11,9%	10,9%	5,4%	5,4%	6,6%	6,3%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	1,8	1,5
Quick ratio	1,6	1,4
Cash ratio	0,4	0,6
Efficiency
Days sales outstanding (dso)	59,1	64,3
Asset turnover	3,5	2,5
Structure
Debt ratio	0,5	0,6
Profitability
Operating margin	5,8%	6,6%
Net profit margin	5,4%	5,4%
Return on assets (roa)	18,8%	13,5%
Return on equity (roe)	37,9%	28,0%

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Licences & notices


Notice of economic activity	TGT000422	Gas works	Valid	24.08.2016	-
Notice of economic activity	EE10722319	Electrical works	Valid	06.10.2015	-
Notice of economic activity	EEH008749	Construction	Valid	23.08.2012	-
Notice of economic activity	EEK001159	Building audit	Valid	23.08.2012	-
Notice of economic activity	EEO003537	Owner’s supervision	Valid	23.08.2012	-

Regulations


K 10053615 / 67	09.07.2026	Entry – Commercial-pledge amendment entry	-	Entered into force09.07.2026
Ä 10053615 / 66	15.04.2026	Entry – Amendment entry	-	Entered into force15.04.2026
Ä 10053615 / M17	14.04.2026	Directive order – Amendment entry	21.04.2026	Deficiencies remedied14.04.2026
Ä 10053615 / 65	09.04.2026	Entry – Amendment entry	-	Entered into force09.04.2026
Ä 10053615 / 64	21.04.2025	Entry – Division entry of transferring entity (second, constitutive entry)	-	Entered into force21.04.2025

Real estate

		Purpose
Pajupilli põik 2, Jälgimäe küla, Saku vald, Harju maakond	5062 m²	Industrial land 50%, Commercial land 50%

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Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-24-17729/3	Kohtu I astme menetlus	Court judgmentDefault judgment	Law of obligations	Kaie Almere	ECLI:EE:HMK:2025:2.24.17729.3543	07.02.2025	Open
2-21-14141/54	Apellatsioonmenetlus	Court judgment	Property law	Peeter Pällin, Margo Klaar, Imbi Sidok-Toomsalu	ECLI:EE:TLRK:2023:2.21.14141.23397	31.10.2023	Open
3-22-2653/33	Kohtu I astme menetlus	Court judgment	Public procurement	Anu Maria Brenner	ECLI:EE:TLHK:2023:3.22.2653.7470	02.02.2023	Open
2-22-10719/5	Kohtu I astme menetlus	Court judgmentDefault judgment	Law of obligations	Anu Uritam	ECLI:EE:HMK:2022:2.22.10719.21781	01.11.2022	Open
2-21-14141/23	Kohtu I astme menetlus	Court judgment	Property law	Merit Helm	ECLI:EE:HMK:2022:2.21.14141.27137	18.04.2022	Open

Official announcements


Notice of division of a company	21.04.2025	PDF
Notice of division of a company	21.04.2025	PDF
Notice of division of a company	20.02.2025	PDF
Notice of division of a company	20.02.2025	PDF
Notice of conclusion of a public limited company division agreement	03.02.2025	PDF

Public transactions


21.04.2026	Päästeamet	148,80 €Received	OPERATING EXPENSESRescue services
07.04.2025	Riigi Infosüsteemi Amet	512,40 €Received	OPERATING EXPENSESCommunications
21.03.2025	Päästeamet	189,10 €Received	OPERATING EXPENSESRescue services
21.03.2025	Päästeamet	103,70 €Received	OPERATING EXPENSESRescue services
10.03.2025	Riigi Infosüsteemi Amet	11 486,54 €Received	OPERATING EXPENSESCommunications

Funded projects


Konkurentsivõimeliseks Soome elektrivõrkude turul3.1.1101.10-0220	VälismessitoetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	19.03.2010 – 19.01.20112007-2013	11 072,69 €	5 618,89 €	Completed

State aid


25.09.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718	T&A VTA › T&A VTAGrant	7 837,65 €	241718/2600334
18.04.2023	Eesti TöötukassaAid measure 20985	Palgatoetus VTA › Palgatoetus VTAGrant	4 019,74 €	20985/2302495
01.07.2021	Eesti TöötukassaAid measure 14347	Palgatoetus VTA › Palgatoetus VTAGrant	3 944,26 €	14347/2200564
28.06.2021	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	5 712 €	14295/2102058
09.06.2021	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	34 288 €	14295/2102047

Public procurement contracts


25.09.2026End 20.09.2027	Reference number 314190 · Töövõtuleping_314190_Tõstamaa_Varbla 35kV õhuliini rek-eelprojekti koostamine_TC0992_Connecto Infra	Elektrilevi OÜContracting authority	116 191 €	Concluded
08.09.2026End 08.03.2027	Reference number 294371 · Hankeleping	Elering ASContracting authority	78 968 €	Concluded
11.08.2026End 11.08.2027	Reference number 310112 · Hankeleping	Elering ASContracting authority	1 823 265 €	Concluded
11.08.2026End 30.09.2027	Reference number 306004 · Hankeleping	Elering ASContracting authority	2 750 858 €	Concluded
27.07.2026End 31.08.2027	Reference number 306004 · Hankeleping	Elering ASContracting authority	649 902 €	Concluded

.ee domains


connectogroup.ee	Active	07.11.2024	08.11.2034
connectoinfra.ee	Active	07.11.2024	08.11.2034
connecto.ee	Active	11.09.2017	12.09.2035

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.