Eltech Solutions OÜ

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	03.07.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	27.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	30.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	15.07.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	07.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	22.08.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	08.10.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	29.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	26.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	13.06.2016	Expired	PDF
2015	01.01.2015 – 31.12.2015	14.06.2016	Expired	PDF
2015	01.01.2015 – 31.12.2015	29.07.2016	Expired	PDF
2014	01.01.2014 – 31.12.2014	29.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	13.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	26.11.2013	Valid	PDF
2012	01.01.2012 – 31.12.2012	05.02.2013	Expired	PDF
2011	18.02.2011 – 31.12.2011	18.06.2012	Valid	PDF

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains2 Licenses2 Regulations24 Public transactions23 Grants–State aid12 Public procurement95 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	863 419 €	435 324 €	5,10 M €	105
2026 Q2	834 103 €	415 992 €	5,10 M €−45,5%	108
2026 Q1	783 021 €	417 040 €	9,37 M €−16,4%	110
Total 2026:	2,48 M €	1,27 M €	19,6 M €
2025 Q4	839 421 €	422 641 €	11,2 M €+55,0%	104
2025 Q3	511 682 €	385 377 €	7,24 M €+13,9%	99
2025 Q2	301 628 €	305 040 €	6,36 M €+22,0%	91
2025 Q1	195 777 €	185 719 €	5,21 M €−49,7%	73
Total 2025:	1,85 M €	1,30 M €	30,0 M €
2024 Q4	1,74 M €	289 045 €	10,4 M €+87,0%	68
2024 Q3	259 621 €	261 400 €	5,54 M €−8,6%	73
2024 Q2	687 323 €	194 979 €	6,06 M €−21,7%	67
2024 Q1	387 710 €	158 046 €	7,73 M €+78,8%	54
Total 2024:	3,08 M €	903 470 €	29,7 M €
2023 Q4	453 391 €	159 485 €	4,32 M €−66,4%	44
2023 Q3	437 375 €	125 607 €	12,9 M €+7,1%	39
2023 Q2	257 285 €	114 871 €	12,0 M €+12,7%	34
2023 Q1	227 666 €	92 564 €	10,7 M €+84,8%	33
Total 2023:	1,38 M €	492 527 €	39,8 M €
2022 Q4	454 335 €	84 564 €	5,77 M €+80,3%	30
2022 Q3	366 048 €	110 710 €	3,20 M €+42,2%	27
2022 Q2	193 798 €	70 066 €	2,25 M €+93,9%	29
2022 Q1	129 207 €	63 114 €	1,16 M €−5,0%	27
Total 2022:	1,14 M €	328 454 €	12,4 M €
2021 Q4	138 526,78 €	68 306,63 €	1,22 M €−17,0%	28
2021 Q3	198 187,32 €	68 523,82 €	1,47 M €+9,2%	29
2021 Q2	131 938,33 €	64 253,27 €	1,35 M €+25,6%	28
2021 Q1	146 730,64 €	69 523,78 €	1,07 M €−18,8%	27
Total 2021:	615 383,07 €	270 607,50 €	5,11 M €
2020 Q4	175 361,22 €	65 543,29 €	1,32 M €+3,9%	25
2020 Q3	200 621,85 €	77 900,59 €	1,27 M €+5,7%	24
2020 Q2	194 142,82 €	54 040,62 €	1,20 M €−6,1%	23
2020 Q1	76 531 €	59 496 €	1,28 M €+23,0%	23
Total 2020:	646 656,89 €	256 980,50 €	5,07 M €
2019 Q4	121 918 €	53 310 €	1,04 M €−8,8%	22
2019 Q3	142 985 €	53 291 €	1,14 M €+60,4%	23
2019 Q2	87 877 €	49 142 €	711 435 €−5,2%	20
2019 Q1	96 813 €	44 738 €	750 780 €−20,9%	19
Total 2019:	449 593 €	200 481 €	3,64 M €
2018 Q4	112 592 €	41 850 €	948 602 €−12,6%	20
2018 Q3	166 029 €	36 376 €	1,09 M €+8,2%	19
2018 Q2	73 259 €	34 662 €	1,00 M €+117%	17
2018 Q1	82 550 €	29 305 €	462 380 €−59,6%	16
Total 2018:	434 430 €	142 193 €	3,50 M €
2017 Q4	123 155 €	26 526 €	1,15 M €+43,3%	14
2017 Q3	56 954 €	18 671 €	799 279 €+83,7%	11
2017 Q2	53 772 €	15 517 €	435 073 €−29,3%	9
2017 Q1	96 030 €	15 202 €	615 034 €+7,3%	8
Total 2017:	329 911 €	75 916 €	2,99 M €
2016 Q4	78 215 €	17 612 €	573 072 €−4,2%	9
2016 Q3	64 686 €	18 375 €	597 893 €+16,8%	9
2016 Q2	83 332 €	15 733 €	511 941 €+4,1%	9
2016 Q1	46 613 €	15 120 €	491 971 €−25,3%	9
Total 2016:	272 846 €	66 840 €	2,17 M €
2015 Q4	78 911 €	22 330 €	658 592 €+79,6%	9
2015 Q3	55 852 €	12 431 €	366 643 €+7,4%	9
2015 Q2	49 329 €	11 573 €	341 329 €−12,4%	9
2015 Q1	70 134 €	13 218 €	389 852 €	9
Total 2015:	254 226 €	59 552 €	1,76 M €

Revenue by industry

	2023	2024	2025
Manufacture of distribution and control apparatus	27 309 628 €	20 293 386 €	20 565 000 €
Retail sale of optical equipment			3 342 000 €
Construction of power and telecommunications lines	1 080 489 €	786 130 €
Construction engineering design and consultancy	953 253 €	707 517 €
Construction of residential and non-residential buildings	1 074 822 €	673 826 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Markko Kärner	38012XXXXXX	18.12.1980 (45)	Board member	21.03.2016	-
Harri Valtri	38609XXXXXX	13.09.1986 (40)	Board member	16.11.2011	-

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Shareholders

	Personal ID code
Markko Kärner	38012XXXXXX	18.12.1980 (45)	Shareholder	1 188 EUR	47,52%	Sole ownership	30.07.2024	-
Harri Valtri	38609XXXXXX	13.09.1986 (40)	Shareholder	1 126 EUR	45,04%	Sole ownership	02.09.2023	-
Marko Lillepuu	38702XXXXXX	05.02.1987 (39)	Shareholder	124 EUR	4,96%	Sole ownership	02.09.2023	-
Harri Valtri	38609XXXXXX	13.09.1986 (40)	Shareholder	62 EUR	2,48%	Joint ownership	30.07.2024	-
Kristi Vohla	48506XXXXXX	09.06.1985 (41)	Shareholder	62 EUR	2,48%	Joint ownership	30.07.2024	-

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Other persons

	Personal ID code
Baker Tilly Baltics OÜ	11516296	11.07.2008 (18)	Audit firm	06.11.2025	-
Gabler Audit OÜ	10419527	26.03.1998 (28)	Audit firm	12.05.2023	-
Vladimir Manuilov	38508XXXXXX	25.08.1985 (41)	Founder	17.02.2011	-

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Ultimate beneficial owners

	Personal ID code
Harri Valtri	38609XXXXXX	13.09.1986 (40)	Direct holding	08.10.2018	-
Markko Kärner	38012XXXXXX	18.12.1980 (45)	Direct holding	08.10.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 5 102 133 €
Monthly average: 1 700 711 €
Per employee: 16 197 €
Equity ratio: 68 028,44%

Labour taxes

Turnover ratio: 8,53%
Tax ratio: 50,42%
Monthly average: 145 108 €
Per employee: 1 363 €

State taxes

Monthly average: 287 806 €
Turnover ratio: 16,92%

Estimated salary

Gross salary: 2 516 €
Net salary: 2 046 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	12 518 000 €+1,6%	12 322 001 €+40,3%	8 783 825 €+34,3%	6 539 471 €+371%	1 388 288 €−6,8%	1 488 984 €+11,3%	1 338 276 €
Non-current assets	4 418 000 €+52,7%	2 894 127 €+88,5%	1 535 242 €+192%	526 545 €+21,4%	433 853 €−11,0%	487 484 €−0,7%	491 060 €
Total assets	16 936 000 €+11,3%	15 216 128 €+47,5%	10 319 067 €+46,0%	7 066 016 €+288%	1 822 141 €−7,8%	1 976 468 €+8,0%	1 829 336 €
Short-term liabilities	6 729 000 €−7,4%	7 266 993 €+20,0%	6 056 734 €+1,7%	5 954 052 €+403%	1 183 808 €+14,4%	1 035 033 €+12,6%	918 808 €
Long-term liabilities	-	-	22 049 €−80,1%	110 925 €−12,9%	127 426 €−39,1%	209 250 €−13,3%	241 339 €
Total liabilities	6 729 000 €−7,4%	7 266 993 €+19,5%	6 078 783 €+0,2%	6 064 977 €+363%	1 311 234 €+5,4%	1 244 283 €+7,3%	1 160 147 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	8 123 000 €+97,5%	4 113 552 €+908%	-	408 157 €−30,8%	589 911 €+6,0%	556 440 €+21,4%	458 303 €
Net profit	2 081 000 €−45,7%	3 832 833 €−9,6%	4 237 534 €+618%	590 132 €+822%	-81 754 €−147%	172 995 €−16,9%	208 136 €
Equity	10 207 000 €+28,4%	7 949 135 €+87,5%	4 240 284 €+324%	1 001 039 €+95,9%	510 907 €−30,2%	732 185 €+9,4%	669 189 €
Turnover	24 466 000 €+8,9%	22 460 860 €−26,2%	30 418 192 €+317%	7 300 343 €+80,1%	4 054 209 €−1,0%	4 093 368 €+29,2%	3 167 578 €
Profit margin	8,5%	17,1%	13,9%	8,1%	-2,0%	4,2%	6,6%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	678 459 €	12 012 €
Liquidity
Current ratio	1,1	1,2
Quick ratio	0,5	0,5
Cash ratio	0,2	0,1
Efficiency
Days sales outstanding (dso)	43,3	41,1
Asset turnover	1,6	2,1
Structure
Debt ratio	0,9	0,7
Profitability
Operating margin	8,3%	-1,1%
Net profit margin	8,1%	-2,0%
Return on assets (roa)	13,3%	-4,3%
Return on equity (roe)	59,0%	-16,0%

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Licences & notices


Notice of economic activity	EEH007540	Construction	Valid	07.04.2014	-
Notice of economic activity	TEL001655	Electrical works	Valid	08.03.2011	-

Regulations


K 10153115 / 20	21.05.2025	Entry – Commercial-pledge amendment entry	-	Entered into force21.05.2025
K 10153115 / 19	21.05.2025	Entry – Commercial-pledge opening entry	-	Entered into force21.05.2025
K 10153115 / M4	13.05.2025	Order to remedy deficiencies – Commercial-pledge opening entry	-	Deficiencies remedied21.05.2025
Ä 10153115 / 18	30.07.2024	Entry – Amendment entry	-	Entered into force30.07.2024
Ä 10153115 / 17	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023

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

No official announcements found

Company has no issued official announcements

Public transactions


14.07.2026	Eesti Töötukassa	570 €Received	OTHER GRANTSSocial protection of the unemployed
16.06.2026	Eesti Töötukassa	570 €Received	OTHER GRANTSSocial protection of the unemployed
14.05.2026	Eesti Töötukassa	570 €Received	OTHER GRANTSSocial protection of the unemployed
14.04.2026	Eesti Töötukassa	570 €Received	OTHER GRANTSSocial protection of the unemployed
16.03.2026	Eesti Töötukassa	570 €Received	OTHER GRANTSSocial protection of the unemployed

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


16.12.2025	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	2 992,50 €	231580/2603186
03.10.2025	Eesti TöötukassaAid measure 231580	Koolitus VTA › Koolitus VTAGrant	2 500 €	231580/2504820
08.05.2025	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	2 981 €	231580/2601077
06.05.2025	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	4 333,86 €	231580/2504952
04.10.2024	Eesti TöötukassaAid measure 231580	Koolitus VTA › Koolitus VTAGrant	11 145,44 €	231580/2502246

Public procurement contracts


11.09.2026End 20.08.2027	Reference number 312170 · Müügileping	Elektrilevi OÜContracting authority	1 482 283 €	Concluded
08.09.2026End 18.06.2027	Reference number 309628 · Müügileping	Elektrilevi OÜContracting authority	708 851 €	Concluded
15.07.2026End 10.08.2027	Reference number 306457 · Müügileping	Elektrilevi OÜContracting authority	747 692 €	Concluded
11.05.2026End 23.09.2027	Reference number 305262 · Müügileping (IP6881)	Elektrilevi OÜContracting authority	684 807 €	Concluded
06.10.2025End 01.10.2026	Reference number 294942 · Müügileping_294942_Eltech Solutions OÜ_IK1574	Elektrilevi OÜContracting authority	824 851 €	Concluded

.ee domains


eltechsolutions.ee	Active	18.06.2026	19.06.2027
elservice.ee	Active	02.03.2011	03.03.2027

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.