Hitachi Energy Estonia AS

Legal form:: Public limited company
Registry code:: 14838818
VAT no.:: EE102205075
Fiscal-year period:: 01.04 - 31.03
Established:: 31.10.2019 (6 y)
Former business names:: ABB Power Grids Estonia AS
Capital:: 25 000 EUR
Address:: Valukoja tn 8/1, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415
Status:: Registered
E-invoice reception:: Telema

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Contacts

Email:: ee-powergrids@hitachienergy.com

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VAT liability

VAT no.	Start	End
EE102205075	01.11.2019	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.04.2025 – 31.03.2026	02.09.2026	Valid	PDF
2024	01.04.2024 – 31.03.2025	29.07.2025	Valid	PDF
2023	01.04.2023 – 31.03.2024	09.07.2024	Valid	PDF
2022	01.04.2022 – 31.03.2023	04.07.2023	Valid	PDF
2021	01.04.2021 – 31.03.2022	14.09.2022	Valid	PDF
2020	01.11.2019 – 31.03.2021	15.09.2021	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 28.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements1 TTJA decisions–Real estate–.ee domains–Licenses1 Regulations16 Public transactions1 Grants–State aid–Public procurement19 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	1,82 M €	1,55 M €	19,2 M €+2,5%	213
2026 Q2	1,60 M €	887 718 €	18,7 M €+30,7%	208
2026 Q1	1,72 M €	896 303 €	14,3 M €−13,3%	209
Total 2026:	5,13 M €	3,33 M €	52,2 M €
2025 Q4	2,21 M €	897 893 €	16,5 M €+82,4%	201
2025 Q3	1,73 M €	1,46 M €	9,06 M €−40,5%	201
2025 Q2	1,03 M €	832 989 €	15,2 M €+66,2%	196
2025 Q1	1,04 M €	836 480 €	9,17 M €−23,4%	192
Total 2025:	6,02 M €	4,03 M €	50,0 M €
2024 Q4	1,58 M €	810 842 €	12,0 M €+34,2%	199
2024 Q3	1,40 M €	1,16 M €	8,91 M €−10,8%	204
2024 Q2	1,03 M €	723 482 €	10,00 M €−5,3%	203
2024 Q1	1,12 M €	728 980 €	10,6 M €+4,2%	196
Total 2024:	5,12 M €	3,43 M €	41,4 M €
2023 Q4	735 908 €	701 264 €	10,1 M €−4,8%	195
2023 Q3	1,24 M €	908 366 €	10,6 M €+30,1%	183
2023 Q2	570 715 €	600 274 €	8,19 M €+10,2%	184
2023 Q1	671 649 €	602 533 €	7,43 M €+6,6%	180
Total 2023:	3,22 M €	2,81 M €	36,4 M €
2022 Q4	671 959 €	553 979 €	6,97 M €−8,6%	175
2022 Q3	932 213 €	800 953 €	7,63 M €+70,0%	169
2022 Q2	595 572 €	517 076 €	4,49 M €−25,4%	163
2022 Q1	514 693 €	473 793 €	6,01 M €+22,9%	163
Total 2022:	2,71 M €	2,35 M €	25,1 M €
2021 Q4	473 418,51 €	462 284,13 €	4,89 M €+5,8%	156
2021 Q3	565 405,17 €	505 974,92 €	4,62 M €−4,5%	155
2021 Q2	676 333,49 €	608 951,09 €	4,84 M €+43,2%	160
2021 Q1	466 429,47 €	435 605,40 €	3,38 M €−55,6%	161
Total 2021:	2,18 M €	2,01 M €	17,7 M €
2020 Q4	710 074,44 €	434 360,47 €	7,61 M €+43,3%	155
2020 Q3	552 726,90 €	445 592,73 €	5,31 M €+16,2%	155
2020 Q2	614 414,84 €	590 275,18 €	4,57 M €−11,3%	149
2020 Q1	721 981 €	375 538 €	5,15 M €+402%	141
Total 2020:	2,60 M €	1,85 M €	22,6 M €
2019 Q4	124 965 €	31 011 €	1,03 M €	131
Total 2019:	124 965 €	31 011 €	1,03 M €

Revenue by industry

	2023	2024	2025
Construction of power and telecommunications lines	16 464 000 €	15 081 000 €	18 839 000 €
Other business support service activities n.e.c.	11 659 000 €	15 333 000 €	17 840 000 €

Tax debts

No tax debt found

No tax debt as of 28.10.2026

Representatives

	Personal ID code
Priit Feldt	36809XXXXXX	15.09.1968 (58)	Board member	30.06.2020	-
Andrus Aaving	37508XXXXXX	04.08.1975 (51)	Procurator	14.11.2019	-
Ragne Maaroos	47206XXXXXX	26.06.1972 (54)	Procurator	14.11.2019	-
Latvian Central Depository	40003XXXXXX	-	Share-register keeper	31.10.2019	-

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Shareholders

	Personal ID code
SIX SIS AG	CHCHEXXXXXXXXXXXX	-	Shareholder	25 000 EUR	100,00%	Sole ownership	29.11.2024	-

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Other persons

	Personal ID code
Matti Antero Vaattovaara	-	21.07.1966 (60)	Chairman of the supervisory board	11.04.2025	-
Jukka Pentti Tapio Auranen	-	31.07.1964 (62)	Supervisory-board member	11.04.2025	-
Janne Joukas	22018XXXXXX	22.01.1982 (44)	Supervisory-board member	08.07.2024	-
Ernst & Young Baltic AS	10877299	16.07.2002 (24)	Audit firm	01.07.2020	-
Stan Nahkor	37808XXXXXX	02.08.1978 (48)	Audit firm	01.07.2020	-

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Ultimate beneficial owners

	Personal ID code
Priit Feldt	36809XXXXXX	15.09.1968 (58)	Member of higher governing body (board or supervisory board)	06.11.2024	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 19 189 572 €
Monthly average: 6 396 524 €
Per employee: 30 031 €
Equity ratio: 25 586,10%

Labour taxes

Turnover ratio: 8,07%
Tax ratio: 85,22%
Monthly average: 516 278 €
Per employee: 2 453 €

State taxes

Monthly average: 605 834 €
Turnover ratio: 9,47%

Estimated salary

Gross salary: 4 376 €
Net salary: 3 445 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020
Current assets	24 259 000 €+54,4%	15 707 000 €+58,6%	9 901 000 €+50,5%	6 577 000 €+70,5%	3 857 000 €−12,6%	4 415 000 €
Non-current assets	381 000 €−36,3%	598 000 €−25,6%	804 000 €+91,0%	421 000 €−4,8%	442 000 €−34,5%	675 000 €
Total assets	24 640 000 €+51,1%	16 305 000 €+52,3%	10 705 000 €+53,0%	6 998 000 €+62,8%	4 299 000 €−15,5%	5 090 000 €
Short-term liabilities	17 050 000 €+51,7%	11 237 000 €+58,5%	7 090 000 €+51,8%	4 670 000 €+14,6%	4 076 000 €+4,7%	3 893 000 €
Long-term liabilities	133 000 €−42,4%	231 000 €−46,0%	428 000 €+98,1%	216 000 €+78,5%	121 000 €−68,0%	378 000 €
Total liabilities	17 183 000 €+49,8%	11 468 000 €+52,5%	7 518 000 €+53,9%	4 886 000 €+16,4%	4 197 000 €−1,7%	4 271 000 €
Share or stock capital	-	25 000 €	25 000 €	25 000 €	25 000 €	25 000 €
Retained earnings	1 367 000 €+583%	-283 000 €+79,2%	-1 358 000 €+0,7%	-1 368 000 €−110%	-651 000 €−145%	1 445 000 €
Net profit	2 620 000 €+58,8%	1 650 000 €+53,5%	1 075 000 €+10 650%	10 000 €+101%	-717 000 €−10,1%	-651 000 €
Equity	7 457 000 €+54,2%	4 837 000 €+51,8%	3 187 000 €+50,9%	2 112 000 €+1 971%	102 000 €−87,5%	819 000 €
Turnover	36 679 000 €+20,6%	30 414 000 €+8,1%	28 123 000 €+38,8%	20 261 000 €+43,4%	14 128 000 €−35,9%	22 039 000 €
Profit margin	7,1%	5,4%	3,8%	0,0%	-5,1%	-3,0%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	348 000 €	-438 000 €
Liquidity
Current ratio	1,4	0,9
Quick ratio	1,3	0,9
Cash ratio	0,2	0,1
Efficiency
Days sales outstanding (dso)	73,6	88,4
Asset turnover	3,6	3,0
Structure
Debt ratio	0,7	1,0
Profitability
Operating margin	0,1%	-5,0%
Net profit margin	0,0%	-5,1%
Return on assets (roa)	0,2%	-15,3%
Return on equity (roe)	0,5%	-702,9%

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Licences & notices


Notice of economic activity	TEL003625	Electrical works	Valid	01.11.2019	-

Regulations


Ä 50132016 / M6	08.08.2024	Order to remedy deficiencies for correcting extra-entry data – Amendment entry	22.08.2024	Deficiencies remedied13.08.2024
Ä 50132016 / 10	10.03.2023	Entry – Amendment entry	-	Entered into force10.03.2023
Ä 50132016 / 9	16.11.2021	Entry – Amendment entry	-	Entered into force16.11.2021
Ä 50132016 / M5	21.10.2021	Order to remedy deficiencies – Amendment entry	10.11.2021	Entered into force21.10.2021
Ä 50132016 / M4	19.10.2021	Order to remedy deficiencies – Amendment entry	18.11.2021	Deficiencies remedied16.11.2021

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	01.11.2019	PDF

Public transactions


19.04.2023	Aktsiaselts Tallinna Linnatransport	50 580 €Received	NON-CURRENT ASSETSOrganisation of public transport

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts


11.05.2026End 11.03.2027	Reference number 307172 · Hankeleping	Elering ASContracting authority	146 930 €	Concluded
29.12.2025End 29.10.2027	Reference number 298442 · Hankeleping (osa 3)	Elering ASContracting authority	918 800 €	Concluded
29.12.2025End 29.10.2027	Reference number 298442 · Hankeleping (osa 1)	Elering ASContracting authority	2 319 700 €	Concluded
21.06.2025End 21.05.2028	Reference number 288214 · Müügileping	Elering ASContracting authority	9 178 000 €	Concluded
30.12.2024End 01.01.2027	Reference number 285655 · Hoolduse raamleping	Elering ASContracting authority	10 000 000 €	Concluded

.ee domains

No domains found

Company has no valid .ee domains

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.