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Search›Companies›Nord Solar Business OÜ
11213182ActivePrivate limited companyEE102816325 · VAT-registered

Nord Solar Business OÜ

Tartu maakond, Tartu linn, Tartu linn, Spektri tn 6·EMTAK 42221 — Construction of utility projects for electricity and telecommunications·20+ years
Andmed · ···
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Overview

e-Business Register · 16 h ago
Registry code
e-Business Register
Legal form
Private limited company
Registered
27.01.2006e-Business Register
Address
Spektri tn 6, Tartu linn, Tartu linn, 50411 Tartu maakondADS · e-Business Register
E-mail address
info@nordsolar.eee-Business Register
Telephone
+372 5155330· Elisa Eesti ASe-Business Register · TTJA NBA
Principal activity
EMTAK 42221 - Construction of utility projects for electricity and telecommunicationse-Business Register · ETCB
VAT number
ETCB · VAT-registered
Share capital
10 224,00 €e-Business Register
nimistu
Estonia's public business register
HomeViewsIndustriesBlogSourcesAbout

Public registry of Estonian companies — every fact traceable to a source and a date. Free and ad-free for everyone.

Nimistu MTÜ
Address: Parda tn 8, 10151 Tallinn, Estonia
E-mail: info@nimistu.ee

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© 2026 Nimistu MTÜ. License CC-BY-SA 4.0 · details
Data · 8 sourcese-Business Register · 1 min agoMTAMTR
e-Business Register ↗

Registered 27. jaanuar 2006, primary activity: Construction of utility projects for electricity and telecommunications. Main place of business in Tartu linn, Tartu linn, Tartu maakond.

Revenue 2026 II kv
530 927 €
▲ 101% vs 2025 II kv
As of 10.07.2026 (MTA)
Employees
4
2026 (MTA)
Taxes paid
50 434 €
State + labour taxes · 2026 II kv
Tax debt
0 €
As of 11.08.2026 (MTA)
Revenue 2026 (I-II kv)
1,1m €
▲ 163% vs 2025 I-II kv
As of 10.07.2026 (MTA)
Employees
4
2026 (MTA)
Taxes paid
74k €
State + labour taxes · 2026 (I-II kv)
Tax debt
€0
As of 11.08.2026 (MTA)

Officers (2)

e-Business Register · 16 h ago
AA
Andrus Armulik
Born 1976 · 50 y · board member since 11.12.2024
Board member
VS
Vahur Salu
Born 1983 · 43 y · board member since 11.12.2024
Board member

Founders

e-Business Register · 16 h ago
OA
OÜ Altius ConsultFOREIGN
Foreign / not in register · founder since 27.01.2006
Founder

Shareholders

e-Business Register · 16 h ago
NC
Nord Capital Holding OÜLEGAL PERSON
Legal person · 17123942 · shareholder since 03.12.2024
Shareholder 100% · 10k €

Subsidiaries

e-Business Register · shareholders · 16 h ago

Nord Solar Business OÜ is a shareholder or officer in 1 more company.

Norlan Invest OÜ
Founder

Annual reports (7)

e-Business Register · annual reports · 6 päeva tagasi
Revenue 2025
1,8m €
Employees 2025
2
YearRevenueProfitEquityAssetsEmployees

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.07.2026 as of
YearRevenue (a)State taxesTaxes on workforceEmployees (Q4)
2026I-II Q1 064 528 €47 248 €26 469 €4
20251 826 237 €155 491 €21 807 €4
2024––––
Quarterly breakdown

Commercial pledges (1 · 390k €)

Business Register · pledges
Finora Bank UAB
305156796 · 1 pledge(s) · all active
390k €
#1
Rank esimene
From 15.05.2026
390 000,00 €
Active

Licences (1)

MTR · 16 h tagasi
Active licences
1
Other1
Oldest · Newest
2025→2025
Oldest licenceTEL004878 · 13.03.2025
Active1 / 1
TEL004878
Elektritööd
Majandustegevusteade
From13.03.2025
UntilOpen-ended
Valid

Tech stack

Tehnoloogiad
Mobile carrier
+372 5155330Elisa Eesti AS

History

last 2 years · MTA + ÄR + MTR + Procurements
2026
15.05.2026FilingKommertspandi avamiskanne2×expand ›hide ⌃
  • K 10095398 / 18 · Olek: Jõustunud
  • Kanne nr 1 · kanne
25.02.2026ReportEsitati 2025. aasta aruanne— Käive 1 839 154 €
2025
29.07.2025ReportEsitati 2024. aasta aruanne— Käive 0 €

Connected companies

Same-person ties · e-Business Register

Nord Solar Business OÜ is connected to 18 other companies through 2 people who hold a role here and elsewhere. The strongest tie runs through Vahur Salu (10 companies).

Total connections
18
via 2 people
Connecting people
2
Active here
Distinct roles
1
Board member
Strongest tie
Vahur
10 companies
Via personVahur Salu
2025
1 839 154 €
74 005 €
74k €
526k €
2
25.02.2026
20240 €0 €0 €0 €029.07.2025
2023121 €−12 424 €14k €50k €103.09.2024
20227851 €1530 €27k €63k €012.04.2023
20217676 €943 €25k €64k €015.06.2022
20208167 €4145 €24k €62k €021.06.2021
20194436 €3487 €20k €58k €020.03.2020
Original files in PDF – the full register on e-Business Register.View reports on e-Business Register
YearQ1Q2Q3Q4
Revenue 2026534k €531k €––
State taxes 202610k €37k €––
Taxes on workforce 202613k €13k €––
Employees 202644––
Revenue 2025140k €264k €532k €889k €
State taxes 202511k €5k €64k €76k €
Taxes on workforce 20250 €0 €9k €13k €
Employees 2025–444
Revenue 2024––––
State taxes 2024––––
Taxes on workforce 2024––––
Employees 2024––––
15.05.2025
FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 10095398 / 17 · Olek: Jõustunud
  • Kanne nr 16 · kanne
13.03.2025LicenceUus MTR tegevusluba— Majandustegevusteade · TEL004878
2024
11.12.2024OfficerAstus juhatusse2×expand ›hide ⌃
  • Vahur Salu
  • Andrus Armulik
11.12.2024FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 10095398 / 16 · Olek: Jõustunud
  • Kanne nr 15 · kanne
03.12.2024OfficerSai osanikuks— Nord Capital Holding OÜ · · 100 %
02.12.2024FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 10095398 / 15 · Olek: Jõustunud
  • Kanne nr 14 · kanne
03.09.2024ReportEsitati 2023. aasta aruanne— Käive 121 €
10
Andrus Armulik8
VS
Vahur Salu
board member
10 other companies›
CompanyRoleReg. code
Finnish Estate OÜ
Board member
17573243
LT Forest Group OÜ
Board member
16121562
MAVACO OÜ
Board memberFounder
14570540
Nord Capital Holding OÜ
Board member
17123942
Nord Solar Home OÜ
Board member
16294541
Nord Solar OÜ
Board memberFounderShareholder 50%
17196355
OÜ Harrybeth
Board member
14420958
OÜ Veibri investeeringud
FounderBoard member
14565556
Põhjaäike MTÜ
Board memberFounder
80657412
stellarmodule OÜ
Board member
16788740
AA
Andrus Armulik
board member
8 other companies›
CompanyRoleReg. code
East-Ready Wall OÜ
Shareholder 50%
14121747
Inamurai Ndakatundu OÜ
Founder
11406254
MGRID Systems OÜ
Board member
17553619
Nord Capital Holding OÜ
Board member
17123942
Nord Solar Home OÜ
Board member
16294541
Nord Solar OÜ
Board memberFounderShareholder 50%
17196355
RuumIn OÜ
Shareholder 58%Board member
14390370
WOOLPASSION18 OÜ
Founder
14051780

Analysis · 2025

computed from annual reports
Revenue1,8m €median 166k €11.1× the sector median
Net margin4.0%median 5.1%-1.1 pp vs sector median
Revenue per employee920k €median 92k €10.0× the sector median
Equity ratio14.1%
Current ratio1.15
Labour cost of revenue3.9%
Profit per employee37 003 €
Compared with2024revenue 0 €

Peer group: Elektri- ja sidevõrkude ehitus, 301 trading companies that filed a report in the last three years.

Founded 2006. That year 5,070 osaühing were registered; 4,883 are still trading, or 96.3%.