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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

Solid Ground OÜ

🇪🇪Estonia•Osaühing•Active
Net margin (2024)Net margin
6.2%
YoY revenue (2023 vs 2024)YoY revenue
-17.5%
Current ratio (2024)Current ratio

Summary

Country🇪🇪Estonia
StatusActive
Registration Number14125099
Founded03/10/2016
AddressTamme, Kaasiku küla, Saue Vald, Harju Maakond, Saue Vald, Harju Maakond, 76317

Legal & Status

Legal FormOsaühing
StatusActive
Registration Date03/10/2016
Registry AuthorityEstonian Business Register / Äriregister
Registered Capital2,502

Source: Estonia RIK · Last updated: 24/04/2026

Timeline (2 events)

24/04/2026

Legal form changed

→ Osaühing

03/10/2016

Company incorporated

Incorporation date: 2016-10-03

Network

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Network depth

Ownership & Management

Persons with significant control

Kaja Puht

Person with significant control

Appointed: 29/09/2018

—
Aare Puht

Person with significant control

Appointed: 29/09/2018

—
Arvi Puht

Person with significant control

Appointed: 29/09/2018

—

Ownership Timeline (3 changes)

29/09/2018

Appointed Kaja Puht (person)

Person with significant control

29/09/2018

Appointed Aare Puht (person)

Person with significant control

29/09/2018

Appointed Arvi Puht (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Tamme

Kaasiku küla, Saue Vald, Harju Maakond

Saue Vald

Harju Maakond

76317

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: €172.6K

Key figures

Turnover

2019€172,622
2020€166,483
2021€250,880
2022€1,478,048
2023€1,338,943
2024€1,105,026

Revenue

2019€172,622
2020€166,483
2021€250,880
2022€1,478,048
2023€1,338,943
2024€1,105,026

Profit / (loss)

2019€31,515
2020€17,332
2021€102,804
2022€39,847
2023€27,448
2024€68,080

Total assets

2019€241,956
2020€253,364
2021€335,522
2022€2,329,492
2023€2,073,344
2024€2,088,302

Equity

2019€78,223
2020€95,555
2021€198,359
2022€703,871
2023€731,319
2024€799,399

Share Capital

2019€2,500
2020€2,500
2021€2,500
2022€2,502
2023€2,502
2024€2,502

Current Assets

2019€49,928
2020€60,531
2021€89,690
2022€698,392
2023€453,976
2024€447,069

Admin expenses

2019€27,773
2020€32,411
2021€36,188
2022€294,690
2023€335,250
2024€307,649

Assets

2019€241,956
2020€253,364
2021€335,522
2022€2,329,492
2023€2,073,344
2024€2,088,302

Average Number Of Employees In Full Time Equivalent Units

20193
20203
20213
202215
202317
202417

Cash And Cash Equivalents

2019€17,446
2020€44,794
2021€22,402
2022€12,732
2023€27,037
2024€28,472

Current Liabilities

2019€51,771
2020€56,856
2021€72,391
2022€262,027
2023€496,312
2024€420,189

Depreciation And Impairment Loss Reversal

2019€-28,196
2020€-30,863
2021€-34,556
2022€-119,918
2023€-29,591
2024€-20,147

Employee Expense

2019€-27,773
2020€-32,411
2021€-36,188
2022€-294,690
2023€-335,250
2024€-307,649

Issued Capital

2019€2,500
2020€2,500
2021€2,500
2022€2,502
2023€2,502
2024€2,502

Labor Expense

2019€27,773
2020€32,411
2021€36,188
2022€294,690
2023€335,250
2024€307,649

Non Current Assets

2019€192,028
2020€192,833
2021€245,832
2022€1,631,100
2023€1,619,368
2024€1,641,233

Non Current Liabilities

2019€111,962
2020€100,953
2021€64,772
2022€1,363,594
2023€845,713
2024€868,714

Retained Earnings Loss

2019€43,958
2020€75,473
2021€92,805
2022€637,272
2023€677,119
2024€704,567

Total Annual Period Profit Loss

2019€31,515
2020€17,332
2021€102,804
2022€39,847
2023€27,448
2024€68,080

Total Profit Loss

2019€37,252
2020€23,025
2021€107,620
2022€101,176
2023€107,792
2024€134,660

Total Profit Loss Before Tax

2019€31,515
2020€17,332
2021€102,804
2022€39,847
2023€27,448
2024€68,080
Metric201920202021202220232024
Turnover€172,622€166,483€250,880€1,478,048€1,338,943€1,105,026
Revenue€172,622€166,483€250,880€1,478,048€1,338,943€1,105,026
Profit / (loss)€31,515€17,332€102,804€39,847€27,448€68,080
Total assets€241,956€253,364€335,522€2,329,492€2,073,344€2,088,302
Equity€78,223€95,555€198,359€703,871€731,319€799,399
Share Capital€2,500€2,500€2,500€2,502€2,502€2,502
Current Assets€49,928€60,531€89,690€698,392€453,976€447,069
Admin expenses€27,773€32,411€36,188€294,690€335,250€307,649
Assets€241,956€253,364€335,522€2,329,492€2,073,344€2,088,302
Average Number Of Employees In Full Time Equivalent Units333151717
Cash And Cash Equivalents€17,446€44,794€22,402€12,732€27,037€28,472
Current Liabilities€51,771€56,856€72,391€262,027€496,312€420,189
Depreciation And Impairment Loss Reversal€-28,196€-30,863€-34,556€-119,918€-29,591€-20,147
Employee Expense€-27,773€-32,411€-36,188€-294,690€-335,250€-307,649
Issued Capital€2,500€2,500€2,500€2,502€2,502€2,502
Labor Expense€27,773€32,411€36,188€294,690€335,250€307,649
Non Current Assets€192,028€192,833€245,832€1,631,100€1,619,368€1,641,233
Non Current Liabilities€111,962€100,953€64,772€1,363,594€845,713€868,714
Retained Earnings Loss€43,958€75,473€92,805€637,272€677,119€704,567
Total Annual Period Profit Loss€31,515€17,332€102,804€39,847€27,448€68,080
Total Profit Loss€37,252€23,025€107,620€101,176€107,792€134,660
Total Profit Loss Before Tax€31,515€17,332€102,804€39,847€27,448€68,080

Documents

Document downloads are not available yet for French companies.

Annual report

Accounts for the accounting period ending on: 31/12/2024

Filed: 01/07/2025

Annual report

Accounts for the accounting period ending on: 31/12/2023

Filed: 11/07/2024

Muutmiskanne

01/09/2023

Annual report

Accounts for the accounting period ending on: 31/12/2022

Filed: 29/06/2023

Kommertspandi avamiskanne

11/05/2022

Kommertspandi avamiskanne

11/05/2022

Annual report

Accounts for the accounting period ending on: 31/12/2021

Filed: 22/02/2022

Annual report

Accounts for the accounting period ending on: 31/12/2020

Filed: 18/03/2021

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Muutmiskanne

01/07/2020

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1.06×
Liabilities to equity (2024)Liabilities to equity
1.61×
YoY profit / (loss) (2023 vs 2024)YoY profit / (loss)
+148%

Financial Health

Derived ratios from annual accounts. Values are omitted when data is missing or not meaningful.

Margins

Net margin (2019)
18.3%
Administrative expenses % of revenue (2019)
16.1%
Net margin (2020)
10.4%
Administrative expenses % of revenue (2020)
19.5%
Net margin (2021)
41%
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Administrative expenses % of revenue (2021)
14.4%
Net margin (2022)
2.7%
Administrative expenses % of revenue (2022)
19.9%
Net margin (2023)
2%
Administrative expenses % of revenue (2023)
25%
Net margin (2024)
6.2%
Administrative expenses % of revenue (2024)
27.8%

Growth

YoY revenue (2019 vs 2020)
-3.6%
YoY profit / (loss) (2019 vs 2020)
-45%
YoY total assets (2019 vs 2020)
+4.7%
YoY revenue (2020 vs 2021)
+50.7%
YoY profit / (loss) (2020 vs 2021)
+493.1%
YoY total assets (2020 vs 2021)
+32.4%
YoY revenue (2021 vs 2022)
+489.1%
YoY profit / (loss) (2021 vs 2022)
-61.2%
YoY total assets (2021 vs 2022)
+594.3%
YoY revenue (2022 vs 2023)
-9.4%
YoY profit / (loss) (2022 vs 2023)
-31.1%
YoY total assets (2022 vs 2023)
-11%
YoY revenue (2023 vs 2024)
-17.5%
YoY profit / (loss) (2023 vs 2024)
+148%
YoY total assets (2023 vs 2024)
+0.7%
CAGR revenue (2019–2024)
+45%
CAGR profit / (loss) (2019–2024)
+16.7%
CAGR total assets (2019–2024)
+53.9%

Efficiency & returns

Asset turnover (2019)
0.71×
Return on assets (net) (2019)
13%
Asset turnover (2020)
0.66×
Return on assets (net) (2020)
6.8%
Asset turnover (2021)
0.75×
Return on assets (net) (2021)
30.6%
Asset turnover (2022)
0.63×
Return on assets (net) (2022)
1.7%
Asset turnover (2023)
0.65×
Return on assets (net) (2023)
1.3%
Asset turnover (2024)
0.53×
Return on assets (net) (2024)
3.3%

Working capital & liquidity

Current ratio (2019)
0.96×
Current ratio (2020)
1.06×
Current ratio (2021)
1.24×
Current ratio (2022)
2.67×
Current ratio (2023)
0.91×
Current ratio (2024)
1.06×

Capital structure

Equity ratio (2019)
32.3%
Liabilities to total assets (2019)
67.7%
Liabilities to equity (2019)
2.09×
Equity ratio (2020)
37.7%
Liabilities to total assets (2020)
62.3%
Liabilities to equity (2020)
1.65×
Equity ratio (2021)
59.1%
Liabilities to total assets (2021)
40.9%
Liabilities to equity (2021)
0.69×
Equity ratio (2022)
30.2%
Liabilities to total assets (2022)
69.8%
Liabilities to equity (2022)
2.31×
Equity ratio (2023)
35.3%
Liabilities to total assets (2023)
64.7%
Liabilities to equity (2023)
1.84×
Equity ratio (2024)
38.3%
Liabilities to total assets (2024)
61.7%
Liabilities to equity (2024)
1.61×
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