Five Wind Energy OÜ

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	01.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	27.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	08.07.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	03.07.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	19.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	01.07.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	27.06.2018	Valid	PDF
2016	11.03.2016 – 31.12.2016	05.07.2017	Valid	PDF

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No unsubmitted declarations as of 21.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements7 TTJA decisions–Real estate6 .ee domains1 Licenses1 Regulations12 Public transactions–Grants–State aid84 Public procurement1 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	88 476 €	65 717 €	227 242 €−19,7%	2
2026 Q2	108 958 €	60 588 €	283 136 €−45,2%	2
2026 Q1	172 175 €	66 197 €	516 584 €+84,3%	2
Total 2026:	369 609 €	192 502 €	1,03 M €
2025 Q4	102 126 €	48 172 €	280 353 €+297%	2
2025 Q3	54 822 €	54 777 €	70 649 €−65,3%	2
2025 Q2	83 954 €	54 051 €	203 387 €−45,2%	2
2025 Q1	93 068 €	52 902 €	371 275 €+22,4%	2
Total 2025:	333 970 €	209 902 €	925 664 €
2024 Q4	89 497 €	52 247 €	303 288 €+42,9%	2
2024 Q3	74 654 €	48 296 €	212 258 €+33,5%	2
2024 Q2	65 934 €	48 282 €	159 023 €−54,8%	2
2024 Q1	103 050 €	45 796 €	352 153 €+22,4%	2
Total 2024:	333 135 €	194 621 €	1,03 M €
2023 Q4	88 672 €	46 713 €	287 610 €+39,0%	2
2023 Q3	74 604 €	43 723 €	206 987 €−23,3%	2
2023 Q2	72 876 €	26 500 €	269 930 €−57,0%	2
2023 Q1	133 418 €	19 875 €	627 380 €−10,1%	-
Total 2023:	369 570 €	136 811 €	1,39 M €
2022 Q4	121 893 €	19 875 €	697 983 €+59,1%	-
2022 Q3	46 375 €	19 875 €	438 599 €+6,6%	-
2022 Q2	90 953 €	19 875 €	411 323 €−42,6%	-
2022 Q1	158 737 €	19 875 €	716 610 €−11,6%	-
Total 2022:	417 958 €	79 500 €	2,26 M €
2021 Q4	123 209,16 €	19 875 €	810 252,26 €+277%	-
2021 Q3	51 211,78 €	19 875 €	214 658,45 €+25,6%	-
2021 Q2	42 858,77 €	19 875 €	170 904,31 €−19,9%	-
2021 Q1	34 159,78 €	19 875 €	213 279,74 €+24,8%	1
Total 2021:	251 439,49 €	79 500 €	1,41 M €
2020 Q4	49 901,47 €	19 875 €	170 851,95 €+23,5%	1
2020 Q3	30 102,47 €	19 875 €	138 339,24 €−1,8%	1
2020 Q2	74 703,09 €	19 875 €	140 845,33 €−74,4%	1
2020 Q1	34 751 €	6 625 €	549 136 €+27,6%	1
Total 2020:	189 458,03 €	66 250 €	999 172,52 €
2019 Q4	50 745 €	0 €	430 397 €+66,2%	0
2019 Q3	43 531 €	0 €	258 968 €−24,3%	0
2019 Q2	65 422 €	0 €	342 031 €−17,3%	0
2019 Q1	69 096 €	0 €	413 729 €+32,7%	0
Total 2019:	228 794 €	0 €	1,45 M €
2018 Q4	130 666 €	0 €	311 692 €+52,3%	0
2018 Q3	26 127 €	0 €	204 594 €−33,3%	0
2018 Q2	56 034 €	0 €	306 935 €−3,9%	0
2018 Q1	62 800 €	0 €	319 419 €−9,0%	0
Total 2018:	275 627 €	0 €	1,14 M €
2017 Q4	67 483 €	0 €	350 830 €+37,4%	0
2017 Q3	143 842 €	0 €	255 363 €+4,6%	0
2017 Q2	47 185 €	0 €	244 023 €−27,1%	0
2017 Q1	62 678 €	0 €	334 625 €	0
Total 2017:	321 188 €	0 €	1,18 M €
2016 Q4	63 778 €	0 €	0 €	0
2016 Q3	46 843 €	0 €	0 €	0
2016 Q2	22 031 €	0 €	0 €	0
2016 Q1	0 €	0 €	0 €	0
Total 2016:	132 652 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Electricity production from renewable energy sources		1 419 978 €	1 454 093 €
Generation of electricity	1 705 132 €

Tax debts

No tax debt found

No tax debt as of 21.10.2026

Representatives

	Personal ID code
Peeter Raamat	38711XXXXXX	24.11.1987 (38)	Board member	15.07.2024	-
Margus Vanaselja	37107XXXXXX	17.07.1971 (55)	Board member	11.03.2016	-

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Shareholders

	Personal ID code
Margus Vanaselja	37107XXXXXX	17.07.1971 (55)	Shareholder	12 144 EUR	38,00%	Sole ownership	16.08.2023	-
Märten Vaikmaa	37104XXXXXX	13.04.1971 (55)	Shareholder	12 143 EUR	38,00%	Sole ownership	16.08.2023	-
BMG Consult Osaühing	10827858	21.01.2002 (24)	Shareholder	7 669 EUR	24,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
KPMG Baltics OÜ	10096082	22.11.1996 (29)	Audit firm	10.05.2021	-
Margus Vanaselja	37107XXXXXX	17.07.1971 (55)	Founder	10.03.2016	-
Märten Vaikmaa	37104XXXXXX	13.04.1971 (55)	Founder	10.03.2016	-
BMG Consult Osaühing	10827858	21.01.2002 (24)	Founder	10.03.2016	-

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Ultimate beneficial owners

	Personal ID code
Margus Vanaselja	37107XXXXXX	17.07.1971 (55)	Direct holding	06.09.2018	-
Märten Vaikmaa	37104XXXXXX	13.04.1971 (55)	Direct holding	06.09.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 227 242 €
Monthly average: 75 747 €
Per employee: 37 874 €
Equity ratio: 237,04%

Labour taxes

Turnover ratio: 28,92%
Tax ratio: 74,28%
Monthly average: 21 906 €
Per employee: 10 953 €

State taxes

Monthly average: 29 492 €
Turnover ratio: 38,93%

Estimated salary

Gross salary: 18 880 €
Net salary: 14 350 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 047 353 €+77,8%	588 924 €−65,0%	1 682 988 €+21,0%	1 390 611 €−23,6%	1 820 153 €−9,8%	2 019 000 €+45,0%	1 392 762 €
Non-current assets	11 499 443 €−1,7%	11 692 530 €+17,5%	9 954 161 €+12,2%	8 870 975 €+33,0%	6 672 327 €+22,4%	5 449 692 €+2,0%	5 343 454 €
Total assets	12 546 796 €+2,2%	12 281 454 €+5,5%	11 637 149 €+13,4%	10 261 586 €+20,8%	8 492 480 €+13,7%	7 468 692 €+10,9%	6 736 216 €
Short-term liabilities	206 130 €−73,5%	778 778 €+24,2%	627 100 €+228%	191 430 €−61,5%	497 276 €+11,0%	447 956 €+89,3%	236 656 €
Long-term liabilities	314 381 €+231%	-	-	-	94 983 €−70,6%	322 941 €−41,4%	550 900 €
Total liabilities	520 511 €−33,2%	778 778 €+24,2%	627 100 €+228%	191 430 €−67,7%	592 259 €−23,2%	770 897 €−2,1%	787 556 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	7 512 476 €+7,0%	7 019 849 €+13,8%	6 169 392 €+57,8%	3 910 021 €+44,4%	2 707 595 €+38,3%	1 958 460 €+121%	886 086 €
Net profit	523 609 €+6,3%	492 627 €−42,1%	850 457 €−60,8%	2 169 935 €+80,5%	1 202 426 €+60,5%	749 135 €−30,1%	1 072 374 €
Equity	12 026 285 €+4,6%	11 502 676 €+4,5%	11 010 049 €+9,3%	10 070 156 €+27,5%	7 900 221 €+18,0%	6 697 795 €+12,6%	5 948 660 €
Turnover	1 454 093 €+2,4%	1 419 978 €−16,7%	1 705 132 €−44,9%	3 095 615 €+44,1%	2 148 434 €+64,6%	1 305 560 €−9,1%	1 436 045 €
Profit margin	36,0%	34,7%	49,9%	70,1%	56,0%	57,4%	74,7%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	2 446 559 €	1 479 737 €
Liquidity
Current ratio	7,3	3,7
Quick ratio	6,0	3,7
Cash ratio	3,6	2,7
Efficiency
Days sales outstanding (dso)	319,1	267,8
Asset turnover	0,3	0,3
Structure
Debt ratio	0,0	0,1
Profitability
Operating margin	70,3%	56,2%
Net profit margin	70,1%	56,0%
Return on assets (roa)	23,1%	15,1%
Return on equity (roe)	21,5%	15,2%

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Licences & notices


License	ELT000044	Electricity	Valid	29.04.2011	-

Regulations


K 50025838 / 10	05.12.2024	Entry – Commercial-pledge opening entry	-	Entered into force05.12.2024
Ä 50025838 / 9	15.07.2024	Entry – Amendment entry	-	Entered into force15.07.2024
Ä 50025838 / 8	23.04.2024	Entry – Amendment entry	-	Entered into force23.04.2024
Ä 50025838 / 7	04.03.2020	Entry – Amendment entry	-	Entered into force04.03.2020
K 50025838 / 6	21.02.2020	Entry – Commercial-pledge opening entry	-	Entered into force21.02.2020

Real estate

		Purpose
Laheritsu, Laheküla, Saaremaa vald, Saare maakond	1314 m²	Industrial land 65%, Agricultural land 35%
Ritsu, Laheküla, Saaremaa vald, Saare maakond	1269 m²	Agricultural land 100%
Sadama tee 24a, Nasva alevik, Saaremaa vald, Saare maakond	8706 m²	Industrial land 100%
Sadama tee 26a, Nasva alevik, Saaremaa vald, Saare maakond	4562 m²	Industrial land 100%
Tiidu, Nasva alevik, Saaremaa vald, Saare maakond	79 745 m²	Agricultural land 100%

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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

No court decisions found

The company has no court decisions

Official announcements


Notice of public display and discussion of the environmental-impact-assessment report	15.01.2026	PDF
Notice of alienation of state property	20.10.2022	PDF
Notice of approval of the environmental-impact-assessment programme	02.06.2022	PDF
Notice of public display and discussion of the environmental-impact-assessment programme	25.01.2022	PDF
Notice of initiation of environmental-impact assessment	22.01.2020	PDF

Public transactions

No public transactions found

Company has no public transactions

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


15.12.2022	Elering ASAid measure 15476	Keskkonna- ja energiaalane riigiabi (Loa taotluse alusel) › Taastuvatest energiaallikatest energia tootmiseks antav tegevusabiGrant	69 433,08 €	15476/2206951
18.11.2022	Elering ASAid measure 15476	Keskkonna- ja energiaalane riigiabi (Loa taotluse alusel) › Taastuvatest energiaallikatest energia tootmiseks antav tegevusabiGrant	84 998,19 €	15476/2206610
31.10.2022	Elering ASAid measure 15476	Keskkonna- ja energiaalane riigiabi (Loa taotluse alusel) › Taastuvatest energiaallikatest energia tootmiseks antav tegevusabiGrant	6 822,54 €	15476/2206519
31.10.2022	Elering ASAid measure 15476	Keskkonna- ja energiaalane riigiabi (Loa taotluse alusel) › Taastuvatest energiaallikatest energia tootmiseks antav tegevusabiGrant	2 065,09 €	15476/2206520
31.10.2022	Elering ASAid measure 15476	Keskkonna- ja energiaalane riigiabi (Loa taotluse alusel) › Taastuvatest energiaallikatest energia tootmiseks antav tegevusabiGrant	6 334,38 €	15476/2206521

Public procurement contracts


20.09.2024End 30.06.2025	Reference number 281073	Nordess OÜContractor	1 451 400 €	Completed

.ee domains


fwe.ee	Active	25.04.2016	26.04.2028

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.