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Nordic Power Management OÜ

Legal form:

Private limited company

Registry code:

11504072

VAT no.:

EE101227711

Fiscal-year period:

01.01 - 31.12

Established:

09.05.2008 (18)

Capital:

65 000 EUR

Address:

Masti tn 17, Pirita linnaosa, Tallinn, Harju maakond, 11911

Status:

Registered

Contacts

Email:

info@nordicpm.eu

Phone:

+372 5015308

Phone:

+372 6396610

Website:

www.nordicpm.eu

Industries

ELECTRICITY, GAS, STEAM AND AIR-CONDITIONING SUPPLY
Electricity, gas, steam and air-conditioning supply
Electricity production, transmission and distribution
35151 - Sale of electricity

VAT liability

	Start	End
EE101227711	12.05.2008

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	30.06.2025	Valid
2023	01.01.2023 - 31.12.2023	30.06.2024	Valid
2022	01.01.2022 - 31.12.2022	12.07.2023	Valid
2021	01.01.2021 - 31.12.2021	30.06.2022	Valid
2020	01.01.2020 - 31.12.2020	19.07.2021	Valid
2019	01.01.2019 - 31.12.2019	27.10.2020	Valid
2018	01.01.2018 - 31.12.2018	14.08.2019	Valid
2017	01.01.2017 - 31.12.2017	29.06.2018	Valid
2016	01.01.2016 - 31.12.2016	29.06.2017	Valid
2015	01.01.2015 - 31.12.2015	29.06.2016	Valid
2014	01.01.2014 - 31.12.2014	29.06.2015	Valid
2013	01.01.2013 - 31.12.2013	26.06.2014	Valid
2012	01.01.2012 - 31.12.2012	25.06.2013	Valid
2011	01.01.2011 - 31.12.2011	25.05.2012	Valid
2010	01.01.2010 - 31.12.2010	16.06.2011	Valid
2009	01.01.2009 - 31.12.2009	11.05.2010	Valid
2008	28.04.2008 - 31.12.2008	29.06.2009	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 05.06.2026.

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	99 408 €	12 792 €	4 558 989 €117.7%	2
Kokku 2026:	99 408 €	12 792 €	4 558 989 €
2025 Q4	34 002 €	8 655 €	2 094 559 €65.9%	2
2025 Q3	0 €	8 992 €	1 262 872 €9.8%	2
2025 Q2	7 854 €	8 586 €	1 399 829 €34.2%	2
2025 Q1	161 241 €	12 036 €	2 125 919 €51.3%	2
Kokku 2025:	203 097 €	38 269 €	6 883 179 €12.6%
2024 Q4	0 €	7 176 €	1 404 725 €15.3%	2
2024 Q3	7 220 €	7 718 €	1 659 133 €7.3%	2
2024 Q2	1 965 €	7 830 €	1 545 699 €52.6%	2
2024 Q1	185 205 €	10 911 €	3 262 477 €49.8%	2
Kokku 2024:	194 390 €	33 635 €	7 872 034 €13.0%
2023 Q4	0 €	7 071 €	2 178 280 €24.4%	2
2023 Q3	6 722 €	6 711 €	1 750 665 €7.7%	2
2023 Q2	14 830 €	6 842 €	1 626 044 €53.5%	3
2023 Q1	299 434 €	14 638 €	3 496 740 €30.4%	3
Kokku 2023:	320 986 €	35 263 €	9 051 728 €62.3%
2022 Q4	283 416 €	4 888 €	5 025 783 €26.7%	2
2022 Q3	0 €	5 576 €	6 860 209 €47.9%	2
2022 Q2	0 €	5 723 €	4 637 381 €38.0%	2
2022 Q1	160 597 €	8 465 €	7 478 801 €62.3%	2
Kokku 2022:	444 013 €	24 653 €	24 002 174 €87.2%
2021 Q4	0 €	9 430 €	4 608 066 €40.0%	2
2021 Q3	34 631 €	9 216 €	3 292 350 €73.9%	2
2021 Q2	53 325 €	12 267 €	1 893 190 €37.4%	2
2021 Q1	138 358 €	10 258 €	3 025 840 €27.8%	6
Kokku 2021:	226 314 €	41 171 €	12 819 447 €51.6%
2020 Q4	83 012 €	9 019 €	2 367 953 €20.5%	5
2020 Q3	97 089 €	9 016 €	1 965 054 €7.9%	5
2020 Q2	135 729 €	9 019 €	1 821 147 €21.0%	5
2020 Q1	145 854 €	8 821 €	2 304 046 €36.7%	5
Kokku 2020:	461 684 €	35 875 €	8 458 200 €42.9%
2019 Q4	239 973 €	8 507 €	3 640 083 €11.2%	5
2019 Q3	279 291 €	9 997 €	3 273 872 €5.7%	6
2019 Q2	200 843 €	10 644 €	3 098 580 €35.6%	7
2019 Q1	32 242 €	10 605 €	4 809 717 €17.4%	7
Kokku 2019:	752 349 €	39 753 €	14 822 252 €26.5%
2018 Q4	0 €	26 794 €	5 821 966 €0.8%	7
2018 Q3	0 €	26 787 €	5 867 391 €48.8%	7
2018 Q2	0 €	27 152 €	3 943 838 €13.0%	7
2018 Q1	0 €	27 431 €	4 534 673 €10.7%	7
Kokku 2018:	0 €	108 164 €	20 167 868 €7.5%
2017 Q4	61 684 €	25 575 €	5 076 117 €8.1%	7
2017 Q3	66 215 €	30 591 €	4 697 774 €4.5%	7
2017 Q2	62 922 €	29 447 €	4 494 460 €0.1%	8
2017 Q1	0 €	29 813 €	4 499 819 €64.3%	7
Kokku 2017:	190 821 €	115 426 €	18 768 170 €70.5%
2016 Q4	0 €	28 961 €	2 738 366 €3.4%	7
2016 Q3	0 €	29 983 €	2 834 995 €2.0%	7
2016 Q2	0 €	29 386 €	2 778 503 €4.6%	7
2016 Q1	0 €	28 103 €	2 657 177 €32.2%	7
Kokku 2016:	0 €	116 433 €	11 009 041 €29.7%
2015 Q4	0 €	28 305 €	3 918 516 €1.3%	10
2015 Q3	0 €	28 677 €	3 970 012 €2.5%	10
2015 Q2	0 €	27 982 €	3 873 879 €0.8%	10
2015 Q1	0 €	28 201 €	3 904 150 €	10
Kokku 2015:	0 €	113 165 €	15 666 557 €

Revenue by industry

	2022	2023	2024
Sale of electricity	26 692 684 €	10 106 187 €	9 325 247 €

Tax debts

No tax debt found

No tax debt as of 05.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Raul Kivari	37802XXXXXX	09.02.1978 (48)	Board member	11.12.2012	-
Tiit Nigul	36803XXXXXX	20.03.1968 (58)	Board member	09.05.2008	-

3 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
TRN Holding OÜ	-	16.08.2005 (20)	Shareholder	32 500,00 EUR	50	Sole ownership	04.09.2025	-
Time Factory OÜ	-	24.04.2008 (18)	Shareholder	32 500,00 EUR	50	Sole ownership	04.09.2025	-

14 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Toivo Alajõe	36604XXXXXX	05.04.1966 (60)	Audit firm	22.10.2020	-
Audiitorbüroo Fides OÜ	-	-	Audit firm	22.10.2020	-
BF Capital OÜ	-	-	Founder	09.05.2008	-
Osaühing Nelja Energia	-	-	Founder	09.05.2008	-

2 inactive record hidden, extended access to the information portal is required to view history!

1 - 4 / 4 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Raul Kivari	37802XXXXXX	09.02.1978 (48)	Direct holding	25.10.2018	-
Tiit Nigul	36803XXXXXX	20.03.1968 (58)	Direct holding	25.10.2018	-

3 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
Nordic Energy Solutions OÜ	20.02.2012	Shareholder	5 000,00 EUR	100	Sole ownership	01.07.2025	-
Nordicems OÜ	04.03.2025	Shareholder	12 475,00 EUR	50	Sole ownership	04.03.2025	-
PE Holding OÜ	12.09.2020	Shareholder	692 489,00 EUR	15,77	Sole ownership	16.08.2023	-

11 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

2026 Q1

Turnover

Amount

4 558 989 €

Monthly average

1 519 663 €

Per employee

759 832 €

Equity ratio

2 337,94%

Labour taxes

Turnover ratio

0,28%

Tax ratio

12,87%

Monthly average

4 264 €

Per employee

2 132 €

State taxes

Monthly average

33 136 €

Turnover ratio

2,18%

Estimated salary

Gross salary

3 831 €

Net salary

2 994 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	2 180 399 €19.0%	2 690 426 €51.7%	5 565 535 €25.9%	7 513 953 €133.1%	3 223 571 €25.2%	4 308 425 €
Non-current assets	795 694 €12.7%	706 230 €1.6%	695 036 €126.6%	306 719 €0.8%	309 308 €1 271.3%	22 556 €
Total assets	2 976 093 €12.4%	3 396 656 €45.7%	6 260 571 €19.9%	7 820 672 €121.4%	3 532 879 €18.4%	4 330 981 €
Short-term liabilities	1 036 917 €24.7%	831 329 €81.2%	4 424 135 €26.0%	5 978 013 €296.2%	1 508 882 €25.5%	2 026 104 €
Long-term liabilities	-	-	-	-	-	-
Total liabilities	1 036 917 €24.7%	831 329 €81.2%	4 424 135 €26.0%	5 978 013 €296.2%	1 508 882 €25.5%	2 026 104 €
Share or stock capital	65 000 €	65 000 €	65 000 €	65 000 €	65 000 €	65 000 €
Retained earnings	1 300 327 €23.6%	1 702 487 €225.3%	523 305 €66.9%	1 578 997 €16.5%	1 892 116 €6.2%	2 016 362 €
Net profit	573 849 €28.1%	797 840 €36.1%	1 248 131 €528.3%	198 662 €197.0%	66 881 €70.1%	223 515 €
Equity	1 939 176 €24.4%	2 565 327 €39.7%	1 836 436 €0.3%	1 842 659 €9.0%	2 023 997 €12.2%	2 304 877 €
Turnover	9 325 247 €8.5%	10 194 736 €62.1%	26 881 784 €55.0%	17 339 762 €142.1%	7 161 186 €33.6%	10 790 367 €
Profit margin	6.15%21.4%	7.83%68.6%	4.64%305.3%	1.15%22.7%	0.93%54.9%	2.07%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	VBR KEO	JLZ RJT	Q TPI PDA	131 669	8 677
Liquidity
Current ratio	V.U	G.T	V.I	1.3	2.0
Quick ratio	U.I	J.I	H.K	1.3	2.0
Cash ratio	W.N	Q.N	Q.B	0.1	0.8
Efficiency
Days sales outstanding (dso)	JU.O	GD.V	IS.V	91.5	106.2
Asset turnover	I.T	L.P	W.E	3.0	1.8
Structure
Debt ratio	I.X	N.S	K.Z	0.8	0.4
Profitability
Operating margin	D.B%	B.U%	M.I%	0.8%	0.1%
Net profit margin	Q.L%	A.D%	J.U%	0.7%	-0.6%
Return on assets (roa)	GC.L%	VJ.Q%	DF.U%	2.0%	-1.0%
Return on equity (roe)	WM.P%	XG.S%	RE.W%	6.2%	-1.9%

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Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	ELM000069	Electricity > Sale of electricity	Valid	03.01.2019	-
Notice of economic activity	MGS000089	Natural gas > Gas sales	Valid	19.03.2018	-
Notice of economic activity	TEL002386	- > Electrical works	Valid	11.07.2014	-

1 - 3 / 3 rows

Regulations

Regulation no.	Date	Type	Status
Ä 10118301 / 16	04.09.2025	Entry - Amendment entry	Entered into force (04.09.2025)
Ä 10118301 / 15	02.09.2023	Entry - Amendment entry	Entered into force (02.09.2023)
Ä 10118301 / 14	29.12.2022	Entry - Division entry of transferring entity (second, constitutive entry)	Entered into force (29.12.2022)
Ä 10118301 / 12	06.12.2022	Entry - Amendment entry	Entered into force (06.12.2022)
Ä 10118301 / 13	06.12.2022	Entry - Amendment entry	Entered into force (06.12.2022)

1 - 5 / 21 rows

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Official announcements

Subject	Date
Notice of division of a company	09.01.2023
Notice of company merger	18.08.2022

1 - 2 / 2 rows

Public transactions

Date	Party	Amount	Classification
12.01.2026	Majandus- ja Kommunikatsiooniministeerium	65 842.75 € Received	OTHER GRANTS General economic and trade policy
29.07.2025	Majandus- ja Kommunikatsiooniministeerium	38 407.25 € Received	OTHER GRANTS General economic and trade policy
06.01.2025	Majandus- ja Kommunikatsiooniministeerium	30 750.00 € Received	OTHER GRANTS General economic and trade policy
01.04.2024	Riigi Kinnisvara Aktsiaselts	9 760.00 € Received	OPERATING EXPENSES Other general services
20.07.2022	Sihtasutus Jõgeva Haigla	5 116.20 € Received	OPERATING EXPENSES General hospital services

1 - 5 / 39 rows

.ee domains

Domain	Status	Registered	Expires	End
rohelinevalik.ee	Active	06.07.2021	07.07.2026	-

1 - 1 / 1 rows

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