Nordic Power Management OÜ
- Registry code
- 11504072
- VAT number
- EE101227711
- Address
- Harju maakond, Tallinn, Pirita linnaosa, Masti tn 17, 11911
- Registered
- 09.05.2008 · 18 yrs
- Activity
- Elektrienergia müük 35151
- Capital
- 65 000 €
- i•••@n•••.euLog in to see
- Phone
- +372 •• ••••Log in to see
- Website
- www.nordicpm.eu
- LEI
- 549300M7Q1ZEHBQTT572 ISSUED
Business Register 06.10.2026
Sales revenue7,7 m €-18%2025 annual report
Profit261 k €2025 annual report
Employees2Tax Board 2026 Q2
Average gross salary3 554 €estimate, Tax Board 2026 Q2
Labour taxes per quarter10 876 €Tax Board 2026 Q2
Cash1,4 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months10,6 m €+60%Tax Board, last 4 quarters
State taxes 12 months143 k €Tax Board, last 4 quarters
Quick check
- No tax debt
- No enforcement proceedings (12 months)
- No payment orders (12 months)
- No bankruptcy or liquidation
- No sanctions
- Report filed (2025)
- VAT registered
Stability
Email right away on tax debt, bankruptcy or board changeRatingAA → A → AA
In tax debt0 days since 26.09.2026
Revenue 12 months▲ 60% vs a year earlier
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Board and owners
2 persons
| Board 2 | ||
|---|---|---|
| Raul Kivari8 companiesno tax debt | Personal ID ↗ | 11.12.2012 |
| Tiit Nigul4 companiesno tax debt | Personal ID ↗ | 09.05.2008 |
| Shareholders 2 | ||
| TRN Holding OÜ | 50,0% 32 500 € | 04.09.2025 |
| Time Factory OÜ | 50,0% 32 500 € | 04.09.2025 |
| Beneficial owners 2 | ||
| Raul Kivari8 companiesno tax debtdirect holding | 25.10.2018 | |
| Tiit Nigul4 companiesno tax debtdirect holding | 25.10.2018 | |
Business Register open data
Quarterly taxes and revenue
2026 Q2
State taxes / revenue0,4%
Labour taxes / revenue0,4%
Revenue per employee per month439 930 €
Gross salary (estimate)3 554 €
Net salary (estimate)2 827 €
2026 Q2. Wage is estimated from employment taxes.
| Quarter | Revenue | Change y/y | Labour taxes | State taxes | Employees |
|---|---|---|---|---|---|
| 2026 Q2 | 2 639 578 € | ▲ 89% | 10 876 € | 9 865 € | 2 |
| 2026 Q1 | 4 558 989 € | ▲ 114% | 12 792 € | 99 408 € | 2 |
| 2025 Q4 | 2 094 559 € | ▲ 49% | 8 655 € | 34 002 € | 2 |
| 2025 Q3 | 1 262 872 € | ▼ 24% | 8 992 € | 0 € | 2 |
| 2025 Q2 | 1 399 829 € | ▼ 9% | 8 586 € | 7 854 € | 2 |
| 2025 Q1 | 2 125 919 € | ▼ 35% | 12 036 € | 161 241 € | 2 |
| 2024 Q4 | 1 404 725 € | ▼ 41% | 7 176 € | 0 € | 2 |
| 2024 Q3 | 1 659 133 € | ▼ 18% | 7 718 € | 7 220 € | 2 |
| 2024 Q2 | 1 545 699 € | ▼ 10% | 7 830 € | 1 965 € | 2 |
| 2024 Q1 | 3 262 477 € | ▼ 9% | 10 911 € | 185 205 € | 2 |
| 2023 Q4 | 2 382 124 € | ▼ 53% | 7 071 € | 0 € | 2 |
| 2023 Q3 | 2 024 880 € | ▼ 70% | 6 711 € | 6 722 € | 2 |
Show full history (18 quarters)
| 2023 Q2 | 1 716 977 € | ▼ 63% | 6 842 € | 14 830 € | 2 |
| 2023 Q1 | 3 586 201 € | ▼ 52% | 14 638 € | 299 434 € | 2 |
| 2022 Q4 | 5 025 783 € | 4 888 € | 283 416 € | 1 | |
| 2022 Q3 | 6 860 209 € | 5 576 € | 0 € | 1 | |
| 2022 Q2 | 4 637 381 € | 5 723 € | 0 € | 1 | |
| 2022 Q1 | 7 478 801 € | 8 465 € | 160 597 € | 1 |
Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0
Annual reports
5 yr
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Sales revenue | 7,7 m € | ▼ 18% | 9,3 m € | ▼ 9% | 10,2 m € | ▼ 62% | 26,7 m € | ▲ 55% | 17,2 m € |
| Profit | 261 k € | ▼ 55% | 574 k € | ▼ 28% | 798 k € | ▼ 36% | 1,2 m € | ▲ 11× | 112 k € |
| Profit margin | 3,4% | 6,2% | 7,8% | 4,7% | 0,7% | ||||
| Retained earnings | 1,9 m € | ▲ 44% | 1,3 m € | ▼ 24% | 1,7 m € | ▲ 228% | 517 k € | ▼ 68% | 1,6 m € |
| Cash | 1,4 m € | ▼ 6% | 1,5 m € | ▲ 8% | 1,4 m € | ▼ 47% | 2,6 m € | ▲ 331% | 597 k € |
| Current assets | 2,4 m € | ▲ 10% | 2,2 m € | ▼ 19% | 2,7 m € | ▼ 52% | 5,6 m € | ▼ 25% | 7,5 m € |
| Fixed assets | 971 k € | ▲ 22% | 796 k € | ▲ 13% | 706 k € | ▲ 2% | 695 k € | ▲ 126% | 308 k € |
| Assets | 3,4 m € | ▲ 13% | 3,0 m € | ▼ 12% | 3,4 m € | ▼ 46% | 6,3 m € | ▼ 19% | 7,8 m € |
| Current liabilities | 1,2 m € | ▲ 12% | 1,0 m € | ▲ 25% | 831 k € | ▼ 81% | 4,4 m € | ▼ 26% | 6,0 m € |
| Total liabilities | 1,2 m € | ▲ 12% | 1,0 m € | ▲ 25% | 831 k € | ▼ 81% | 4,4 m € | ▼ 26% | 6,0 m € |
| Equity | 2,2 m € | ▲ 13% | 1,9 m € | ▼ 24% | 2,6 m € | ▲ 40% | 1,8 m € | ▲ 1% | 1,8 m € |
| Labour costs | -85 491 € | 0% | -85 877 € | ▼ 11% | -77 251 € | ▼ 25% | -62 005 € | ▲ 35% | -95 571 € |
| Employees | 1 | 0% | 1 | 0% | 1 | ▼ 67% | 3 | ▼ 67% | 9 |
| Filed | 14.07.2026 | 30.06.2025 | 30.06.2024 | 12.07.2023 | 30.06.2022 | ||||
| Report | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ |
▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0
Revenue by activity
2025
| Activity | EMTAK | Sales revenue | Osa |
|---|---|---|---|
| Elektrienergia müük main activity | 35151 | 7 355 178 € | 100% |
2025 annual report, RIK open data
Real estate
e-kinnistusraamat
Loading properties…
Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data
Debts and court cases
clean
No tax debt · Tax Board 06.10.2026
Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.
Enforcement, payment orders and notices
clean
Official Announcements contain no enforcement, payment order or tax authority notices about the company.
Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.
State: transactions, tenders, grants
145 tuh € makseid · 1 tenders · 1 toetust
Transactions with state institutions
202665 843 €
202569 157 €
20249 760 €
Largest payers
| MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM | 135 000 € |
| Riigi Kinnisvara AS | 9 760 € |
All payments by month
| Month | Payer | Type | Field | Amount |
|---|---|---|---|---|
| 01.2026 | MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM | Muud toetused | General economic and trade policy | 65 843 € |
| 07.2025 | MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM | Muud toetused | General economic and trade policy | 38 407 € |
| 01.2025 | MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM | Muud toetused | General economic and trade policy | 30 750 € |
| 04.2024 | Riigi Kinnisvara AS | Operating costs | Other general services | 9 760 € |
Riigi Tugiteenuste Keskus, Saldo makseandmikud
Public procurement contracts
| Date | Contracting authority | Tender | Amount |
|---|---|---|---|
| 21.11.2025 | Elering AS | Procurement contract | 33 900 € |
Public Procurement Register
Toetuse saanud projektid toetus kokku 135 tuh €
| Projekt | Meede | Periood | Toetus | Välja makstud |
|---|---|---|---|---|
| Elektrienergia bilansi- ja portfellihalduse tarkvara digipöörde toetuse taotlus Lõpetatud · Ettevõtluse ja Innovatsiooni Sihtasutus | Majanduse digipöörde toetamine | 01.05.2024 – 31.10.2025 | 135 000 € | 270 000 € |
Riigi Tugiteenuste Keskus, toetatud projektid
Holdings in other companies
3
| Company | Code | Holding | Since | Revenue |
|---|---|---|---|---|
| Nordic Energy Solutions OÜ | 12237440 | 100,0% | 01.07.2025 | 67 972 € |
| Nordicems OÜ | 17189131 | 50,0% | 04.03.2025 | 7 458 € |
| PE Holding OÜ | 16050980 | 15,77% | 16.08.2023 | 75 € |
Business Register
Companies linked via the board
9
OÜ Roodevälja EnergiaRaul Kivari138 k €BBBTime Factory OÜRaul Kivari99 217 €ANordic Energy Solutions OÜRaul Kivari, Tiit Nigul67 972 €ABFE OÜTiit Nigul22 136 €ATRN Holding OÜTiit Nigul9 480 €ANordicems OÜRaul Kivari7 458 €APE Holding OÜRaul Kivari75 €AMäekuninga SeltsRaul Kivari0 €Pärnu linn, Kuninga tn 13 korteriühistuRaul Kivari0 €
Sorted by revenue (latest report or 4 quarters).
Top 20 in activity: Elektrienergia müük
20
| # | Company | Revenue |
|---|---|---|
| 1 | Eesti Energia AS | 342,7 m € |
| 2 | Elering AS | 300,5 m € |
| 3 | Elektrum Eesti OÜ | 125,0 m € |
| 4 | ERTENERGY OÜ | 82,5 m € |
| 5 | Baltic Energy Partners OÜ | 70,9 m € |
| 6 | Scener OÜ | 67,4 m € |
| 7 | Alexela Energia Teenused AS | 47,1 m € |
| 8 | Osaühing Utilitas | 20,2 m € |
| 9 | OÜ GRAANUL ENERGIA | 16,7 m € |
| 10 | Energiaturu Võrguehitus OÜ | 9,4 m € |
| 11 | Nordic Power Management OÜ | 7,7 m € |
| 12 | aktsiaselts Dvigatel - Energeetika | 3,5 m € |
| 13 | Enery Portfolio Optimization Estonia OÜ | 3,0 m € |
| 14 | ESTIKO Elekter OÜ | 2,5 m € |
| 15 | Sära Energia OÜ | 2,2 m € |
| 16 | Scalar Energy OÜ | 1,9 m € |
| 17 | Ignitis Eesti OÜ | 1,4 m € |
| 18 | Osaühing Joonax | 1,1 m € |
| 19 | Osaühing Halinga Energeetika | 678 k € |
| 20 | Varja Windfarm OÜ | 672 k € |
Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity
Licences, domains
5 records
Activity licences (MTR and environmental)
| Field | Licence number | Valid from |
|---|---|---|
| Elektrienergia müük | ELM000069 | 03.01.2019 |
| Gaasi müük | MGS000089 | 19.03.2018 |
| Maagaasi müük | MGS000089 | 19.03.2018 |
| Elektritööd | TEL002386 | 11.07.2014 |
Domains
| Domain | Source |
|---|---|
| nordicpm.eu | Business Register |
History and notices
21
| Date | Type | Content |
|---|---|---|
| 04.09.2025 | Entry | Amendment entry |
| 02.09.2023 | Entry | Amendment entry |
| 29.12.2022 | Entry | Eralduva isiku jagunemiskanne (teine, konstitutiivne kanne jagunemisel) |
| 06.12.2022 | Entry | Amendment entry |
| 06.12.2022 | Entry | Amendment entry |
| 28.11.2022 | Order to remedy deficiencies | Amendment entry |
| 11.11.2022 | Negative entry order: deficiencies not remedied | Amendment entry |
| 05.10.2022 | Order to remedy deficiencies | Amendment entry |
| 17.08.2022 | Entry | Second, constitutive merger entry (on the acquiring company's register card) |
| 28.03.2019 | Entry | Muutmiskanne ÄS § 525 lg 2 alusel |
| 19.11.2018 | Entry | Amendment entry |
| 17.01.2018 | Entry | Amendment entry |
| 30.11.2017 | Entry | Amendment entry |
| 16.09.2016 | Entry | Amendment entry |
| 04.12.2015 | Lõivu tagastamise määrus (NAP) | |
| 27.11.2015 | Order to remedy deficiencies to correct non-entry data | |
| 11.12.2012 | Entry | Amendment entry |
| 10.12.2012 | Order to remedy deficiencies | Amendment entry |
| 29.06.2011 | Entry | Amendment entry |
| 27.10.2009 | Entry | Muutmiskanne ÄS § 525 lg 2 alusel |
| 09.05.2008 | Entry | First entry |