Nordic European Construction OÜ
RegisteredKey figures
Ratios
2025Summary: Nordic European Construction OÜ
What kind of company is it?
Nordic European Construction OÜ (registry code 12280401) is a private limited company (OÜ). The company was entered in the Commercial Register in 2012 and has been registered for 14 years. Registered location: Peetri alevik, Rae vald, 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 EE101568438).
How is the company doing financially?
Revenue in financial year 2025 was 144 488 €, down 57,1% on the previous year (336 797 €). From 2019 to 2025, revenue declined by an average of 38,5% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 34 838 €. The company was profitable in 2 of the 7 published financial years. In financial year 2025 the company had 2 employees (3 a year earlier). Revenue per employee was 72 244 €. At the end of financial year 2025, total assets were 168 919 € and equity 149 395 € (88,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 174 833 €, up 353% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 2770 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1000 € per month.
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.
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 19.06.2026. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 174 833 € | 2 | 2770 € |
| Q2 2026 | 87 785 € | 2 | 3149 € |
| Q1 2026 | 45 557 € | 3 | 2317 € |
| Q4 2025 | 70 971 € | 2 | 2951 € |
| Q3 2025 | 38 584 € | 2 | 3076 € |
| Q2 2025 | 20 176 € | 2 | 3076 € |
| Q1 2025 | 118 303 € | 2 | 3602 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 12 575 € (6% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 1 286 415 | 1 447 089 | 648 108 | 336 797 | 144 488 |
| Net profit | 79 909 | −9291 | −30 195 | −47 134 | −34 838 |
| Retained earnings | 226 147 | 295 304 | 280 636 | 241 442 | 181 733 |
| Total assets | 418 799 | 443 786 | 330 638 | 255 990 | 168 919 |
| Total liabilities | 110 243 | 155 273 | 77 697 | 59 182 | 19 524 |
| Total equity | 308 556 | 288 513 | 252 941 | 196 808 | 149 395 |
| Employees | 5 | 5 | 4 | 3 | 2 |
| Average gross salary (monthly) | 1191 | 1451 | 1244 | 978 | 717 |
| Calculated dividend | 25 000 | 10 752 | 5377 | 8999 | 12 575 |
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 obligationsAll clear
Data from public registers, not a credit rating.
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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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