OÜ Nordic Islands Hospitality
RegisteredKey figures
Ratios
2025Summary: OÜ Nordic Islands Hospitality
What kind of company is it?
OÜ Nordic Islands Hospitality (registry code 10020765) is a private limited company (OÜ). The company was entered in the Commercial Register in 1996 and has been registered for 30 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is renting and operating of own or leased real estate (EMTAK 68201). The company is registered for VAT (VAT number EE100631405).
How is the company doing financially?
Revenue in financial year 2025 was 118 875 €, down 33,1% on the previous year (177 667 €). From 2019 to 2025, revenue declined by an average of 7,2% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 1 843 804 €. The company was profitable in 1 of the 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 59 438 €.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 754 €, down 98,3% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 3669 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1250 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (60%) is held by a private individual.
What should you look out for?
Equity was negative at the end of financial year 2025 (−1 005 504 €). Equity is below half of the share capital (149 253 €); in this case the Commercial Code requires measures to restore equity.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 16.09.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 754 € | 2 | 3669 € |
| Q2 2026 | 16 324 € | 2 | 1036 € |
| Q1 2026 | 16 070 € | — | 0 € |
| Q4 2025 | 30 286 € | — | 4774 € |
| Q3 2025 | 45 530 € | 1 | 3889 € |
| Q2 2025 | 53 229 € | 1 | 2283 € |
| Q1 2025 | 45 578 € | 1 | 5502 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 201 057 | 210 089 | 142 650 | 177 667 | 118 875 |
| Net profit | −26 140 | −60 140 | 70 114 | −1 449 783 | −1 843 804 |
| Retained earnings | −1 470 149 | −1 496 289 | −1 556 429 | −1 486 315 | −2 936 098 |
| Total assets | 4 617 443 | 4 844 389 | 5 397 234 | 4 376 555 | 2 910 940 |
| Total liabilities | 2 339 334 | 2 626 420 | 3 109 151 | 3 538 255 | 3 916 444 |
| Total equity | 2 278 109 | 2 217 969 | 2 288 083 | 838 300 | −1 005 504 |
| Employees | 0 | 1 | 1 | 2 | 2 |
| Average gross salary (monthly) | — | — | — | — | 556 |
| Calculated dividend | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 note7 clear
Data from public registers, not a credit rating.
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State aid and grants
4 recordsState aid and de minimis aid in total 268 499 € (2020–2022). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (199 999 €), Elering AS (68 500 €).
Show all aid records (4)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Investeeringuteks ettenähtud regionaalabi (artikkel 14) | 3000 € | 28.03.2022 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 196 999 € | 28.03.2022 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 34 000 € | 31.01.2021 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 34 500 € | 31.12.2020 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Change history
1 change- 12.10.2026*Annual report 2025 filed
Entered in the register on 02.04.1996.
Source: Business Register change list and open data. * date the change was detected in open data (it happened between this and the previous data update).
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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