Nordic Water OÜ
RegisteredKey figures
Ratios
2024Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Nordic Water OÜ
What kind of company is it?
Nordic Water OÜ (registry code 11488097) is a private limited company (OÜ). The company was entered in the Commercial Register in 2008 and has been registered for 18 years. Registered location: Nõmme 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 EE101742885).
How is the company doing financially?
Revenue in financial year 2024 was 101 862 €, down 12,5% on the previous year (116 449 €). From 2019 to 2024, revenue grew by an average of 49,5% per year. Net profit for financial year 2024 was 73 796 € (72,4% of revenue). The company was profitable in 3 of the 6 published financial years. According to the report, the company had no employees in financial year 2024.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 999 €, down 95,4% on the same quarter a year earlier. Labour taxes paid in the quarter: 179 €.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is a private individual.
What should you look out for?
The annual report for financial year 2025 has not been filed on time. Equity was negative at the end of financial year 2024 (−27 270 €). Equity is below half of the share capital (2560 €); 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 2024) was filed on 23.05.2025. 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 | 999 € | — | 179 € |
| Q2 2026 | 2957 € | — | 74 € |
| Q1 2026 | 12 001 € | — | 0 € |
| Q4 2025 | 14 316 € | — | 0 € |
| Q3 2025 | 21 507 € | — | 0 € |
| Q2 2025 | 19 609 € | — | 0 € |
| Q1 2025 | 27 838 € | — | 307 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 16 853 | 3881 | 73 076 | 116 449 | 101 862 |
| Net profit | −18 168 | −74 727 | 58 343 | 45 149 | 73 796 |
| Retained earnings | −116 782 | −132 390 | −207 117 | −148 774 | −103 626 |
| Total assets | 949 490 | 1 066 458 | 1 279 193 | 1 228 640 | 1 225 830 |
| Total liabilities | 1 081 880 | 1 271 015 | 1 425 407 | 1 329 705 | 1 253 100 |
| Total equity | −132 390 | −204 557 | −146 214 | −101 065 | −27 270 |
| Employees | 0 | 0 | 0 | 0 | 0 |
| 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 obligations2 issues1 note4 clear
- Order to pay tax arrears · 05.11.2026 · 327 €
- Order to submit a tax return · 14.09.2026
Data from public registers, not a credit rating.
Connections graph
Click a node to see its other connections.
State aid and grants
4 recordsState aid and de minimis aid in total 64 086 € (2020–2021). Largest grantors: Elering AS (64 086 €).
Show all aid records (4)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 32 400 € | 31.01.2021 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 7486 € | 31.01.2021 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 6900 € | 31.12.2020 |
| Elering AS | Tegevusabi taastuvallikatest toodetud energia edendamiseks väikekäitistes (artikkel 43) | 17 300 € | 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 ↗
Annual reportsPDF, XBRL
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.