OÜ NordelectRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 443 695 € | 2 | 5713 € |
| Q2 2026 | 328 861 € | 2 | 4804 € |
| Q1 2026 | 154 637 € | 1 | 5056 € |
| Q4 2025 | 467 448 € | 1 | 5617 € |
| Q3 2025 | 268 187 € | 1 | 5504 € |
| Q2 2025 | 311 766 € | 1 | 4980 € |
| Q1 2025 | 304 641 € | 1 | 5558 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 97 875 € (54% of distributable profit).
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 285 111 | 241 131 | 309 280 | 521 575 | 741 061 | 435 426 | 391 349 |
| Total non-current assets | 38 843 | 105 575 | 93 900 | 146 629 | 42 000 | 30 000 | 18 000 |
| Total assets | 323 954 | 346 706 | 403 180 | 668 204 | 783 061 | 465 426 | 409 349 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 87 851 | 103 949 | 194 342 | 270 684 | 475 522 | 253 397 | 229 492 |
| Non-current liabilities | — | 44 697 | 44 542 | 72 516 | 53 784 | 28 237 | 24 837 |
| Total liabilities | 87 851 | 148 646 | 238 884 | 343 200 | 529 306 | 281 634 | 254 329 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 119 880 | 180 680 | 95 390 | 61 626 | 202 193 | 150 943 | 83 105 |
| Profit for the year | 113 553 | 14 710 | 66 236 | 260 708 | 48 750 | 30 037 | 69 103 |
| Reserves and other equity | 114 | 114 | 114 | 114 | 256 | 256 | 256 |
| Total equity | 236 103 | 198 060 | 164 296 | 325 004 | 253 755 | 183 792 | 155 020 |
| Income statement | |||||||
| Sales revenue | 517 768 | 505 952 | 922 703 | 1 456 115 | 1 779 567 | 1 337 702 | 1 352 921 |
| Operating profit | 113 551 | 25 368 | 93 900 | 305 983 | 62 225 | 52 136 | 97 816 |
| EBITDA | 115 511 | 29 370 | 102 264 | 326 117 | 90 979 | 64 136 | 109 816 |
| Profit before income tax | 113 553 | 25 756 | 90 216 | 283 112 | 76 685 | 53 316 | 101 812 |
| Profit for the reporting year | 113 553 | 14 710 | 66 236 | 260 708 | 48 750 | 30 037 | 69 103 |
| Labour costs | 33 565 | 43 813 | 58 389 | 89 048 | 102 297 | 51 530 | 45 740 |
| Depreciation of non-current assets | 1960 | 4002 | 8364 | 20 134 | 28 754 | 12 000 | 12 000 |
| Other indicators | |||||||
| Employees | 2 | 4 | 4 | 4 | 4 | 2 | 1 |
| Calculated dividend | — | 52 753 | 100 000 | 100 000 | 119 999 | 100 000 | 97 875 |
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 issue1 note3 clear
Data from public registers, not a credit rating.
Connections graph
Public procurement
1 contractsPublic contracts won worth 10 796 € from 1 contracting authorities (05.07.2024–05.07.2024).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Harju maakond, Rae vald, Patika küla, Kasesalu kinnistu elektriliitumine (LC0759) | Elektrilevi OÜ | 10 796 € | 05.07.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.
Related companies
Summary: OÜ Nordelect
Overview
OÜ Nordelect (registry code 10079882) 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: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is construction of utility projects for electricity and telecommunications (EMTAK 42221). The company is registered for VAT (VAT number EE100334799).
Financial results
Revenue in financial year 2025 was 1 352 921 €, up 1,1% on the previous year (1 337 702 €). From 2019 to 2025, revenue grew by an average of 17,4% per year. Net profit for financial year 2025 was 69 103 € (5,1% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 1 employees (2 a year earlier). Revenue per employee was 1 352 921 €. At the end of financial year 2025, total assets were 409 349 € and equity 155 020 € (37,9% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 443 695 €, up 65,4% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 5713 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1830 € per month.
Management and owners
The company has one management board member. The sole owner of the company is a private individual.
Data sources and freshness
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 30.06.2026. 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.