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LightCode Photonics OÜ

Legal form:

Private limited company

Registry code:

16027647

VAT no.:

EE102324516

Fiscal-year period:

01.01 - 31.12

Established:

12.08.2020 (5)

Capital:

75 696,67 EUR

Address:

Teaduspargi tn 11, Tartu linn, Tartu linn, Tartu maakond, 50411

Status:

Registered

Contacts

Email:

info@lightcodephotonics.com

Phone:

+372 51990420

Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Research and development
72101 - Research and experimental development on natural and technical sciences

VAT liability

	Start	End
EE102324516	21.12.2020

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	03.07.2025	Valid
2023	01.01.2023 - 31.12.2023	08.05.2024	Valid
2022	01.01.2022 - 31.12.2022	21.06.2023	Valid
2021	12.08.2020 - 31.12.2021	26.05.2022	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 03.06.2026.

???

Credit rating

Hidden

Credit rating is based on company financial data and payment behavior. detailed analysis available to regia+ users.

020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	90 906 €	97 699 €	5 433 €77.4%	10
Kokku 2026:	90 906 €	97 699 €	5 433 €
2025 Q4	28 126 €	34 036 €	23 994 €213.9%	10
2025 Q3	115 077 €	124 211 €	7 643 €35.2%	11
2025 Q2	78 823 €	88 132 €	11 794 €50.1%	12
2025 Q1	111 574 €	118 383 €	7 859 €75.5%	13
Kokku 2025:	333 600 €	364 762 €	51 290 €400.3%
2024 Q4	34 161 €	39 685 €	4 478 €125.4%	13
2024 Q3	89 446 €	96 813 €	1 987 €42.3%	13
2024 Q2	86 320 €	93 607 €	3 445 €907.3%	14
2024 Q1	137 920 €	146 684 €	342 €62.3%	15
Kokku 2024:	347 847 €	376 789 €	10 252 €50.0%
2023 Q4	74 063 €	82 908 €	906 €77.0%	18
2023 Q3	115 153 €	124 795 €	3 939 €263.5%	20
2023 Q2	103 335 €	111 768 €	1 084 €19.9%	21
2023 Q1	90 255 €	97 601 €	904 €100.5%	19
Kokku 2023:	382 805 €	417 073 €	6 832 €90.3%
2022 Q4	81 858 €	88 507 €	-187 966 €	17
2022 Q3	74 092 €	79 797 €	0 €100.0%	18
2022 Q2	65 382 €	70 490 €	257 469 €29 528.1%	17
2022 Q1	40 774 €	43 826 €	869 €20.6%	17
Kokku 2022:	262 106 €	282 620 €	70 371 €1 694.6%
2021 Q4	27 332 €	29 348 €	720 €147.0%	11
2021 Q3	18 780 €	20 194 €	292 €86.3%	8
2021 Q2	17 162 €	18 477 €	2 127 €172.2%	6
2021 Q1	7 883 €	8 467 €	782 €	6
Kokku 2021:	71 156 €	76 486 €	3 921 €
2020 Q4	0 €	0 €	0 €	4
Kokku 2020:	0 €	0 €	0 €

Revenue by industry

	2022	2023	2024
Research and experimental development on natural and technical sciences			1 949 €
Other research and experimental development on natural and technical sciences	83 557 €	48 €

Tax debts

No tax debt found

No tax debt as of 03.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Andreas Valdmann	38907XXXXXX	20.07.1989 (36)	Board member	25.08.2023	-
Jan Bogdanov	39103XXXXXX	09.03.1991 (35)	Board member	25.08.2023	-
Terje Eichelmann	48004XXXXXX	08.04.1980 (46)	Board member	25.08.2023	-

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

1 - 3 / 3 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Eichel Advisory OÜ	-	17.04.2018 (8)	Shareholder	1 308,89 EUR	1,73	Sole ownership	05.03.2026	-
Capital Trust OÜ	-	08.03.2013 (13)	Shareholder	1 825,36 EUR	2,41	Sole ownership	19.02.2026	-
Liis Vahe	48906XXXXXX	10.06.1989 (36)	Shareholder	243,39 EUR	0,32	Sole ownership	29.10.2025	-
TBB Ventures OÜ	14806XXX	17.09.2019 (6)	Shareholder	429,12 EUR	0,57	Sole ownership	29.10.2025	-
Svetlana Omelkova	48512XXXXXX	21.12.1985 (40)	Shareholder	1 050,61 EUR	1,39	Sole ownership	29.10.2025	-

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

1 - 5 / 36 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Andreas Valdmann	38907XXXXXX	20.07.1989 (36)	Founder	11.08.2020	-
Heli Valtna	48211XXXXXX	01.11.1982 (43)	Founder	11.08.2020	-
Jan Bogdanov	39103XXXXXX	09.03.1991 (35)	Founder	11.08.2020	-
Sergey Omelkov	38510XXXXXX	22.10.1985 (40)	Founder	11.08.2020	-

1 - 4 / 4 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Terje Eichelmann	48004XXXXXX	08.04.1980 (46)	Member of higher governing body (board or supervisory board)	31.01.2024	-
Andreas Valdmann	38907XXXXXX	20.07.1989 (36)	Direct holding	12.08.2020	-
Heli Valtna	48211XXXXXX	01.11.1982 (43)	Direct holding	12.08.2020	-
Jan Bogdanov	39103XXXXXX	09.03.1991 (35)	Direct holding	12.08.2020	-
Sergey Omelkov	38510XXXXXX	22.10.1985 (40)	Direct holding	12.08.2020	-

1 - 5 / 5 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
LightCode Photonics OÜ	12.08.2020	Shareholder	616,50 EUR	0,81	Sole ownership	19.03.2024	-

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

1 - 1 / 1 rows

2026 Q1

Turnover

Amount

5 433 €

Monthly average

1 811 €

Per employee

181 €

Equity ratio

2,39%

Labour taxes

Turnover ratio

1 798,25%

Tax ratio

107,47%

Monthly average

32 566 €

Per employee

3 257 €

State taxes

Monthly average

30 302 €

Turnover ratio

1 673,22%

Estimated salary

Gross salary

5 725 €

Net salary

4 403 €

Aggregate data

	2024	2023	2022	2021
Current assets	96 964 €85.1%	650 065 €365.1%	139 775 €94.0%	72 056 €
Non-current assets	1 016 189 €13.2%	897 682 €65.2%	543 428 €193.2%	185 351 €
Total assets	1 113 153 €28.1%	1 547 747 €126.5%	683 203 €165.4%	257 407 €
Short-term liabilities	194 619 €23.2%	253 499 €78.1%	1 158 280 €1 122.0%	94 784 €
Long-term liabilities	-	69 896 €	-	-
Total liabilities	194 619 €39.8%	323 395 €72.1%	1 158 280 €1 122.0%	94 784 €
Share or stock capital	42 747 €327.5%	10 000 €	10 000 €	10 000 €
Retained earnings	1 369 570 €23.0%	1 778 500 €1 044.3%	155 416 €62.8%	417 981 €
Net profit	-493 783 €12.5%	-564 148 €11.9%	-640 493 €141.4%	-265 358 €
Equity	918 534 €25.0%	1 224 352 €357.7%	-475 077 €392.1%	162 623 €
Turnover	1 949 €3 960.4%	48 €99.9%	83 557 €	-
Profit margin	-25 335.20%97.8%	-1 175 308.33%153 227.6%	-766.53%	0.00%

Financial ratios

	2024	2023	2022	2021
Profit and cash flow
EBITDA	-WCD DLB	-VKH WHP	-UEZ PWY	-255 460
Liquidity
Current ratio	Y.D	V.J	X.A	0.8
Quick ratio	C.S	S.M	X.X	0.8
Cash ratio	E.F	A.P	Y.Y	0.7
Efficiency
Days sales outstanding (dso)	LNF BVO.L	U ZFW XQS.I	GIH.K	-
Asset turnover	F.C	Y.Z	D.U	-
Structure
Debt ratio	Z.I	T.J	D.M	0.4
Profitability
Operating margin	-MN EVE.W%	-A KAM DNJ.C%	-QIG.V%	-
Net profit margin	-WD GGK.Z%	-L FQC ZKN.L%	-ZCQ.R%	-
Return on assets (roa)	-AS.J%	-NM.L%	-CAS.J%	-103.1%
Return on equity (roe)	-RE.P%	-YY.Q%	-	-163.2%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations

Regulation no.	Date	Type	Deadline	Status
K 50152226 / M2	09.02.2026	Directive order - Commercial-pledge opening entry	16.02.2026	Deficiencies remedied (09.02.2026)
K 50152226 / 11	09.02.2026	Entry - Commercial-pledge opening entry		Entered into force (09.02.2026)
Ä 50152226 / 10	30.10.2025	Entry - Amendment entry		Entered into force (30.10.2025)
Ä 50152226 / 9	10.06.2025	Entry - Amendment entry		Entered into force (10.06.2025)
Ä 50152226 / 8	02.02.2024	Entry - Amendment entry		Entered into force (02.02.2024)

1 - 5 / 13 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

No official announcements found

Company has no issued official announcements

Public transactions

Date	Party	Amount	Classification
24.03.2026	Majandus- ja Kommunikatsiooniministeerium	17 133.80 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
27.01.2026	Majandus- ja Kommunikatsiooniministeerium	95 869.78 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
03.12.2025	Ettevõtluse ja Innovatsiooni Sihtasutus	2 500.00 € Received	OPERATING EXPENSES General economic and trade policy
16.10.2025	Majandus- ja Kommunikatsiooniministeerium	88 860.35 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
10.10.2025	Majandus- ja Kommunikatsiooniministeerium	20 339.48 € Received	OTHER GRANTS R&D in general economic, trade and labour policy

1 - 5 / 20 rows

.ee domains

Domain	Status	Registered	Expires	End
lightcode.ee	Active	03.11.2021	04.11.2026	-
lcp.ee	Active	03.11.2021	04.11.2026	-
lcphotonics.ee	Active	03.11.2021	04.11.2026	-

1 - 3 / 3 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