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 y)
Capital:: 65 000 EUR
Address:: Masti tn 17, Pirita linnaosa, Tallinn, Harju maakond, 11911
Status:: Registered
LEI code:: 549300M7Q1ZEHBQTT572
E-invoice reception:: Arvekeskus

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Contacts

Phone:: +372 5015308
Phone:: +372 6396610
Email:: info@nordicpm.eu
Website:: www.nordicpm.eu

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Industries

Electricity, gas, steam and air-conditioning supply
Electricity production, transmission and distribution
35151 – Sale of electricity

Industry TOPNo. 11 of 58 companies

11.Nordic Power Management OÜ12.2M €

Main activity 35151 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101227711	12.05.2008	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	14.07.2026	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	12.07.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	19.07.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	27.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	14.08.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	29.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	29.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	29.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	29.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	26.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	25.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	25.05.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	16.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	11.05.2010	Valid	PDF
2008	28.04.2008 – 31.12.2008	29.06.2009	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 22.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements2 TTJA decisions–Real estate–.ee domains1 Licenses3 Regulations21 Public transactions39 Grants1 State aid1 Public procurement71 Holdings in companies3 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	142 909 €	8 506 €	2,87 M €+8,9%	2
2026 Q2	9 865 €	10 876 €	2,64 M €−42,1%	2
2026 Q1	99 408 €	12 792 €	4,56 M €+118%	2
Total 2026:	252 182 €	32 174 €	10,1 M €
2025 Q4	34 002 €	8 655 €	2,09 M €+65,9%	2
2025 Q3	0 €	8 992 €	1,26 M €−9,8%	2
2025 Q2	7 854 €	8 586 €	1,40 M €−34,2%	2
2025 Q1	161 241 €	12 036 €	2,13 M €+51,3%	2
Total 2025:	203 097 €	38 269 €	6,88 M €
2024 Q4	0 €	7 176 €	1,40 M €−15,3%	2
2024 Q3	7 220 €	7 718 €	1,66 M €+7,3%	2
2024 Q2	1 965 €	7 830 €	1,55 M €−52,6%	2
2024 Q1	185 205 €	10 911 €	3,26 M €+37,0%	2
Total 2024:	194 390 €	33 635 €	7,87 M €
2023 Q4	0 €	7 071 €	2,38 M €+17,6%	2
2023 Q3	6 722 €	6 711 €	2,02 M €+17,9%	2
2023 Q2	14 830 €	6 842 €	1,72 M €−52,1%	2
2023 Q1	299 434 €	14 638 €	3,59 M €−28,6%	2
Total 2023:	320 986 €	35 262 €	9,71 M €
2022 Q4	283 416 €	4 888 €	5,03 M €−26,7%	1
2022 Q3	0 €	5 576 €	6,86 M €+47,9%	1
2022 Q2	0 €	5 723 €	4,64 M €−38,0%	1
2022 Q1	160 597 €	8 465 €	7,48 M €+62,3%	1
Total 2022:	444 013 €	24 652 €	24,0 M €
2021 Q4	0 €	9 430,30 €	4,61 M €+40,0%	2
2021 Q3	34 630,90 €	9 215,74 €	3,29 M €+73,9%	2
2021 Q2	53 325,18 €	12 267,44 €	1,89 M €−37,4%	2
2021 Q1	138 358,25 €	10 258,01 €	3,03 M €+27,8%	6
Total 2021:	226 314,33 €	41 171,49 €	12,8 M €
2020 Q4	83 012,31 €	9 018,72 €	2,37 M €+20,5%	5
2020 Q3	97 089,03 €	9 016,41 €	1,97 M €+7,9%	5
2020 Q2	135 728,85 €	9 018,68 €	1,82 M €−21,0%	5
2020 Q1	145 854 €	8 821 €	2,30 M €−36,7%	5
Total 2020:	461 684,19 €	35 874,81 €	8,46 M €
2019 Q4	239 973 €	8 507 €	3,64 M €+11,2%	5
2019 Q3	279 291 €	9 997 €	3,27 M €+5,7%	6
2019 Q2	200 843 €	10 644 €	3,10 M €−35,6%	7
2019 Q1	32 242 €	10 605 €	4,81 M €−17,4%	7
Total 2019:	752 349 €	39 753 €	14,8 M €
2018 Q4	0 €	26 794 €	5,82 M €−0,8%	7
2018 Q3	0 €	26 787 €	5,87 M €+48,8%	7
2018 Q2	0 €	27 152 €	3,94 M €−13,0%	7
2018 Q1	0 €	27 431 €	4,53 M €−10,7%	7
Total 2018:	0 €	108 164 €	20,2 M €
2017 Q4	61 684 €	25 575 €	5,08 M €+8,1%	7
2017 Q3	66 215 €	30 591 €	4,70 M €+4,5%	7
2017 Q2	62 922 €	29 447 €	4,49 M €−0,1%	8
2017 Q1	0 €	29 813 €	4,50 M €+64,3%	7
Total 2017:	190 821 €	115 426 €	18,8 M €
2016 Q4	0 €	28 961 €	2,74 M €−3,4%	7
2016 Q3	0 €	29 983 €	2,83 M €+2,0%	7
2016 Q2	0 €	29 386 €	2,78 M €+4,6%	7
2016 Q1	0 €	28 103 €	2,66 M €−32,2%	7
Total 2016:	0 €	116 433 €	11,0 M €
2015 Q4	0 €	28 305 €	3,92 M €−1,3%	10
2015 Q3	0 €	28 677 €	3,97 M €+2,5%	10
2015 Q2	0 €	27 982 €	3,87 M €−0,8%	10
2015 Q1	0 €	28 201 €	3,90 M €	10
Total 2015:	0 €	113 165 €	15,7 M €

Revenue by industry

	2023	2024	2025
Sale of electricity	10 106 187 €	9 325 247 €	7 355 178 €

Tax debts

No tax debt found

No tax debt as of 22.10.2026

Representatives

	Personal ID code
Raul Kivari	37802XXXXXX	09.02.1978 (48)	Board member	11.12.2012	-
Tiit Nigul	36803XXXXXX	20.03.1968 (58)	Board member	09.05.2008	-

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Shareholders

	Personal ID code
TRN Holding OÜ	11157911	16.08.2005 (21)	Shareholder	32 500 EUR	50,00%	Sole ownership	04.09.2025	-
Time Factory OÜ	11501065	24.04.2008 (18)	Shareholder	32 500 EUR	50,00%	Sole ownership	04.09.2025	-

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Other persons

	Personal ID code
Toivo Alajõe	36604XXXXXX	05.04.1966 (60)	Audit firm	22.10.2020	-
Audiitorbüroo Fides OÜ	10051145	15.07.1996 (30)	Audit firm	22.10.2020	-
BF Capital OÜ	11490154	09.04.2008 (18)	Founder	09.05.2008	-
Osaühing Nelja Energia	11200305	20.12.2005 (20)	Founder	09.05.2008	-

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Ultimate beneficial owners

	Personal ID code
Raul Kivari	37802XXXXXX	09.02.1978 (48)	Direct holding	25.10.2018	-
Tiit Nigul	36803XXXXXX	20.03.1968 (58)	Direct holding	25.10.2018	-

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Holdings in companies


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

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2026 Q3

Turnover

Amount: 2 874 334 €
Monthly average: 958 111 €
Per employee: 479 056 €
Equity ratio: 1 474,02%

Labour taxes

Turnover ratio: 0,30%
Tax ratio: 5,95%
Monthly average: 2 835 €
Per employee: 1 418 €

State taxes

Monthly average: 47 636 €
Turnover ratio: 4,97%

Estimated salary

Gross salary: 2 610 €
Net salary: 2 117 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	2 391 114 €+9,7%	2 180 399 €−19,0%	2 690 426 €−51,7%	5 565 535 €−25,9%	7 513 953 €+152%	2 987 018 €−30,7%	4 308 425 €
Non-current assets	970 839 €+22,0%	795 694 €+12,7%	706 230 €+1,6%	695 036 €+127%	306 719 €−42,9%	537 611 €+2 283%	22 556 €
Total assets	3 361 953 €+13,0%	2 976 093 €−12,4%	3 396 656 €−45,7%	6 260 571 €−19,9%	7 820 672 €+122%	3 524 629 €−14,8%	4 137 672 €
Short-term liabilities	1 162 213 €+12,1%	1 036 917 €+24,7%	831 329 €−81,2%	4 424 135 €−25,7%	5 951 708 €+294%	1 508 882 €−4,0%	1 571 691 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	1 162 213 €+12,1%	1 036 917 €+24,7%	831 329 €−81,2%	4 424 135 €−25,7%	5 951 708 €+294%	1 508 882 €−4,0%	1 571 691 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	1 867 676 €+44,4%	1 293 827 €−23,7%	1 695 987 €+228%	516 805 €−66,4%	1 537 101 €−17,8%	1 869 982 €−6,8%	2 006 181 €
Net profit	260 564 €−54,6%	573 849 €−28,1%	797 840 €−36,1%	1 248 131 €+1 012%	112 246 €+67,8%	66 881 €−70,1%	223 515 €
Equity	2 199 740 €+13,4%	1 939 176 €−24,4%	2 565 327 €+39,7%	1 836 436 €+0,9%	1 819 983 €−10,1%	2 023 997 €−21,1%	2 565 981 €
Turnover	7 683 101 €−17,6%	9 325 247 €−8,5%	10 194 736 €−61,8%	26 692 684 €+53,9%	17 339 762 €+142%	7 161 186 €−33,6%	10 790 367 €
Profit margin	3,4%	6,2%	7,8%	4,7%	0,6%	0,9%	2,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	1 315 388 €	131 669 €
Liquidity
Current ratio	1,3	1,3
Quick ratio	1,3	1,3
Cash ratio	0,6	0,1
Efficiency
Days sales outstanding (dso)	67,4	91,5
Asset turnover	3,8	3,0
Structure
Debt ratio	0,7	0,8
Profitability
Operating margin	4,9%	0,8%
Net profit margin	4,7%	0,7%
Return on assets (roa)	17,8%	2,0%
Return on equity (roe)	68,0%	6,2%

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Licences & notices


Notice of economic activity	ELM000069	Sale of electricity	Valid	03.01.2019	-
Notice of economic activity	MGS000089	Maagaasi müük	Valid	19.03.2018	-
Notice of economic activity	TEL002386	Electrical works	Valid	11.07.2014	-

Regulations


Ä 10118301 / 16	04.09.2025	Entry – Amendment entry	-	Entered into force04.09.2025
Ä 10118301 / 15	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023
Ä 10118301 / 14	29.12.2022	Entry – Division entry of transferring entity (second, constitutive entry)	-	Entered into force29.12.2022
Ä 10118301 / 13	06.12.2022	Entry – Amendment entry	-	Entered into force06.12.2022
Ä 10118301 / 12	06.12.2022	Entry – Amendment entry	-	Entered into force06.12.2022

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

Court decisions

No court decisions found

The company has no court decisions

Official announcements


Notice of division of a company	09.01.2023	PDF
Notice of company merger	18.08.2022	PDF

Public transactions


12.01.2026	Majandus- ja Kommunikatsiooniministeerium	65 842,75 €Received	OTHER GRANTSGeneral economic and trade policy
29.07.2025	Majandus- ja Kommunikatsiooniministeerium	38 407,25 €Received	OTHER GRANTSGeneral economic and trade policy
06.01.2025	Majandus- ja Kommunikatsiooniministeerium	30 750 €Received	OTHER GRANTSGeneral economic and trade policy
01.04.2024	Riigi Kinnisvara Aktsiaselts	9 760 €Received	OPERATING EXPENSESOther general services
20.07.2022	Sihtasutus Jõgeva Haigla	5 116,20 €Received	OPERATING EXPENSESGeneral hospital services

Funded projects


Elektrienergia bilansi- ja portfellihalduse tarkvara digipöörde toetuse taotlus20.1.01.24-0670	Majanduse digipöörde toetamineRRF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.05.2024 – 31.10.20252020-2026	270 000 €support 50,0%	270 000 €	Completed

State aid


27.06.2024	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241615	EK grupierandi määrus 651/2014 Teadus- ja arendustegevuseks ning innovatsiooniks antav abi (artiklid 25-30) › Protsessi- ja organisatsiooniinnovatsiooniks antav abi (artikkel 29)Grant	135 000 €	241615/2400028

Public procurement contracts


21.11.2025End 11.12.2025	Reference number 301393 · Hankeleping	Elering ASContracting authority	33 900 €	Concluded
09.02.2022End 09.02.2026	Reference number 242636 · TLL - NPM_ Raamleping_TL_H_0266 Elektrienergia ostmine ja müümine raamhange.	AS Tallinna LennujaamContracting authority	1 866 513,37 €	Completed
09.02.2022End 09.02.2026	Reference number 242636 · TLL - NPM_ Raamleping_TL_H_0266 Elektrienergia ostmine ja müümine raamhange	AS Tallinna LennujaamContracting authority	6 500 000 €actual 1 866 513,37 €	Completed
08.02.2021End 31.12.2021	Reference number 201853 · Leping	AS Tallinna LennujaamContracting authority	735 000 €actual 1 466 299,86 €	Completed
22.04.2020End 22.02.2021	Reference number 219286 · EHITUSE TÖÖVÕTULEPING	AS Tallinna LennujaamContracting authority	216 070 €actual 213 832 €	Completed

.ee domains


rohelinevalik.ee	Active	06.07.2021	07.07.2027

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.