Nordecon ASRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 57 691 433 € | 137 | 1 246 027 € |
| Q2 2026 | 33 599 594 € | 142 | 1 034 276 € |
| Q1 2026 | 30 264 925 € | 134 | 1 199 330 € |
| Q4 2025 | 36 427 255 € | 130 | 1 648 705 € |
| Q3 2025 | 26 558 570 € | 129 | 1 377 471 € |
| Q2 2025 | 24 744 165 € | 133 | 1 060 159 € |
| Q1 2025 | 27 218 383 € | 126 | 915 442 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 † | 2020 † | 2021 † | 2022 † | 2023 † | 2024 † | 2025 † | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 32 741 000 | 36 303 000 | 40 383 000 | 37 654 000 | 36 338 000 | 30 509 000 | 37 800 000 |
| Total non-current assets | 46 728 000 | 50 233 000 | 52 101 000 | 55 163 000 | 50 275 000 | 51 067 000 | 51 631 000 |
| Total assets | 79 469 000 | 86 536 000 | 92 484 000 | 92 817 000 | 86 613 000 | 81 576 000 | 89 431 000 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 42 119 000 | 53 213 000 | 60 760 000 | 66 517 000 | 51 347 000 | 45 362 000 | 57 067 000 |
| Non-current liabilities | 10 463 000 | 5 841 000 | 5 588 000 | 4 161 000 | 11 577 000 | 6 848 000 | 5 504 000 |
| Total liabilities | 52 582 000 | 59 054 000 | 66 348 000 | 70 678 000 | 62 924 000 | 52 210 000 | 62 571 000 |
| Share capital | 14 378 000 | 14 378 000 | 14 378 000 | 14 378 000 | 14 378 000 | 14 378 000 | 14 378 000 |
| Retained earnings of previous periods | 6 367 000 | 7 836 000 | 8 128 000 | 8 674 000 | 4 677 000 | 6 227 000 | 11 904 000 |
| Profit for the year | 3 064 000 | 2 184 000 | 546 000 | −3 997 000 | 1 550 000 | 5 677 000 | −2 506 000 |
| Reserves and other equity | 3 078 000 | 3 084 000 | 3 084 000 | 3 084 000 | 3 084 000 | 3 084 000 | 3 084 000 |
| Total equity | 26 887 000 | 27 482 000 | 26 136 000 | 22 139 000 | 23 689 000 | 29 366 000 | 26 860 000 |
| Income statement | |||||||
| Sales revenue | 122 041 000 | 138 050 000 | 137 981 000 | 158 006 000 | 99 928 000 | 134 904 000 | 106 073 000 |
| Operating profit | 2 463 000 | 1 595 000 | −2 690 000 | −3 489 000 | −6 056 000 | 5 445 000 | −1 766 000 |
| Profit before income tax | 3 312 000 | 2 184 000 | 549 000 | −3 997 000 | 1 550 000 | 5 677 000 | −2 506 000 |
| Profit for the reporting year | 3 064 000 | 2 184 000 | 546 000 | −3 997 000 | 1 550 000 | 5 677 000 | −2 506 000 |
| Labour costs | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 220 | 216 | 210 | 208 | 160 | 147 | 137 |
| Calculated dividend | — | — | — | — | — | — | — |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.
Risks and obligationsAll clear1 for information
Data from public registers, not a credit rating.
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Public procurement
20 contractsPublic contracts won worth 168 602 723 € from 11 contracting authorities (26.09.2023–02.06.2026). Plus 1 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Berdõtsivi haigla intensiivraviosakonna rekonstrueerimine Berdõtsivi linnas, Ukrainas (ESTDEV) · joint bid | Sihtasutus Eesti Rahvusvahelise Arengukoostöö Keskus | 1 295 294 € | 02.06.2026 |
| AS Tallinna Vesi uue hoone ehitustööd | AKTSIASELTS TALLINNA VESI | 11 798 000 € | 23.02.2026 |
| Tallinna Heleni Kooli ehitustööd | Tallinna Linnavaraamet | 12 588 000 € | 19.02.2026 |
| Võru eriettevalmistuse taristu rajamine · joint bid | Riigi Kinnisvara Aktsiaselts | 8 560 000 € | 30.12.2025 |
| Sisepõgenike moodulkortermajale pommivarjendi ja väliala ehitamine Brusõlivi linnas, Ukrainas (ESTDEV) · joint bid | Sihtasutus Eesti Rahvusvahelise Arengukoostöö Keskus | 949 889 € | 24.11.2025 |
| Perekodu projekteerimine ja ehitamine Žõtomõri linnas, Ukrainas (ESTDEV) · joint bid | Riigi Tugiteenuste Keskus | 699 715 € | 14.05.2025 |
| Tiskre kooli ehitus | Osaühing Strantum | 14 460 377 € | 17.04.2025 |
| Kasarmu projekteerimine ja ehitus | Riigi Kaitseinvesteeringute Keskus | 5 358 000 € | 18.03.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Nordecon AS
Overview
Nordecon AS (registry code 10099962) is a public limited company (AS). The company was entered in the Commercial Register in 1996 and has been registered for 29 years. Registered location: Põhja-Tallinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is construction of residential and non-residential buildings (EMTAK 41001). The company is registered for VAT (VAT number EE100068463).
Financial results
Revenue in financial year 2025 was 106 073 000 €, down 21,4% on the previous year (134 904 000 €). From 2019 to 2025, revenue declined by an average of 2,3% per year. Financial year 2025 ended with a loss of 2 506 000 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 137 employees (147 a year earlier). Revenue per employee was 774 255 €. At the end of financial year 2025, total assets were 89 431 000 € and equity 26 860 000 € (30,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 57 691 433 €, up 117% on the same quarter a year earlier. The company had 137 employees in that quarter. Labour taxes paid in the quarter: 1 246 027 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 5380 € per month.
Management and owners
The management board has 3 members. The supervisory board has 5 members.
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 12.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (48510000D8HSLK854I81) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.