Nicorex Baltic OÜRegistered
Key figures
13 886 599 €−10,9%
Revenue 2025
+16,5%
Average annual growth 2019–2025
Ratios
20254,3%
Profit margin
8,5%
EBITDA margin
42,6%
Equity ratio
1,7×
Current ratio
26,8%
Return on equity
1712 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 4 851 354 € | 76 | 200 709 € |
| Q1 2026 | 4 753 478 € | 78 | 202 575 € |
| Q4 2025 | 4 508 959 € | 80 | 212 925 € |
| Q3 2025 | 5 058 840 € | 77 | 221 500 € |
| Q2 2025 | 4 545 938 € | 74 | 204 669 € |
| Q1 2025 | 4 367 107 € | 73 | 197 508 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 1 800 014 € (53% of distributable profit).
History
20251 800 014 €
20242 000 000 €
20231 035 535 €
2022500 000 €
2021450 000 €
2020480 000 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 1 095 360 | 1 375 290 | 3 606 598 | 7 627 534 | 6 667 937 | 6 962 131 | 4 978 193 |
| Total non-current assets | 510 691 | 458 339 | 158 265 | 332 998 | 363 969 | 286 387 | 205 028 |
| Total assets | 1 606 051 | 1 833 629 | 3 764 863 | 7 960 532 | 7 031 906 | 7 248 518 | 5 183 221 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 543 776 | 749 394 | 1 901 346 | 4 130 340 | 2 934 761 | 3 833 019 | 2 975 411 |
| Non-current liabilities | 167 128 | 100 628 | 31 609 | 606 | 0 | — | — |
| Total liabilities | 710 904 | 850 022 | 1 932 955 | 4 130 946 | 2 934 761 | 3 833 019 | 2 975 411 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 446 857 | 412 335 | 530 795 | 1 329 096 | 2 791 239 | 2 094 333 | 1 612 673 |
| Profit for the year | 445 478 | 568 460 | 1 298 301 | 2 497 678 | 1 303 094 | 1 318 354 | 592 325 |
| Reserves and other equity | 256 | 256 | 256 | 256 | 256 | 256 | 256 |
| Total equity | 895 147 | 983 607 | 1 831 908 | 3 829 586 | 4 097 145 | 3 415 499 | 2 207 810 |
| Income statement | |||||||
| Sales revenue | 5 554 135 | 6 906 642 | 10 481 644 | 17 448 594 | 21 241 892 | 15 581 283 | 13 886 599 |
| Operating profit | 525 249 | 660 939 | 1 679 437 | 2 604 510 | 1 485 357 | 1 810 142 | 1 142 500 |
| EBITDA | 827 700 | 663 507 | 1 682 136 | 2 608 333 | 1 511 358 | 1 845 677 | 1 180 789 |
| Profit before income tax | 506 815 | 649 222 | 1 440 272 | 2 622 799 | 1 517 565 | 1 754 170 | 1 100 017 |
| Profit for the reporting year | 445 478 | 568 460 | 1 298 301 | 2 497 678 | 1 303 094 | 1 318 354 | 592 325 |
| Labour costs | 1 093 385 | 1 170 807 | 1 412 071 | 1 803 304 | 2 117 455 | 2 068 877 | 2 063 806 |
| Depreciation of non-current assets | 302 451 | 2568 | 2699 | 3823 | 26 001 | 35 535 | 38 289 |
| Other indicators | |||||||
| Employees | 47 | 50 | 50 | 55 | 65 | 64 | 63 |
| Calculated dividend | — | 480 000 | 450 000 | 500 000 | 1 035 535 | 2 000 000 | 1 800 014 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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