Nordic Beach OÜ
RegisteredKey figures
Ratios
2024/25Summary: Nordic Beach OÜ
What kind of company is it?
Nordic Beach OÜ (registry code 12649579) is a private limited company (OÜ). The company was entered in the Commercial Register in 2014 and has been registered for 12 years. Registered location: Haabersti linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is organisation of conventions and trade shows (EMTAK 82301). The company is registered for VAT (VAT number EE101917791).
How is the company doing financially?
Revenue in financial year 2024/25 was 873 028 €, down 11,6% on the previous year (987 703 €). From 2019 to 2024/25, revenue grew by an average of 3,8% per year. Financial year 2024/25 ended with a loss of 151 440 €. The company made a loss in all 7 published financial years. In financial year 2024/25 the company had 19 employees (18 a year earlier). Revenue per employee was 45 949 €.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 51 574 €, down 70,3% on the same quarter a year earlier. The company had 13 employees in that quarter. Labour taxes paid in the quarter: 15 664 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 900 € per month.
Who runs the company and who owns it?
The management board has 4 members. According to the register, the company has 3 owners. The largest stake (51%) is held by Nordic Beach Holding OÜ.
What should you look out for?
Equity was negative at the end of financial year 2024/25 (−182 587 €). Equity is below half of the share capital (5100 €); 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 2024/25) was filed on 28.02.2026. 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 | 51 574 € | 13 | 15 664 € |
| Q2 2026 | 125 358 € | 14 | 35 814 € |
| Q1 2026 | 198 281 € | 14 | 15 565 € |
| Q4 2025 | 207 105 € | 11 | 25 907 € |
| Q3 2025 | 173 941 € | 13 | 27 810 € |
| Q2 2025 | 161 823 € | 14 | 34 356 € |
| Q1 2025 | 336 636 € | 14 | 27 775 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2020/21 | 2021/22 | 2022/23 | 2023/24 | 2024/25 | |
|---|---|---|---|---|---|
| Sales revenue | 342 058 | 699 915 | 980 140 | 987 703 | 873 028 |
| Net profit | −226 714 | −136 685 | −23 565 | −42 111 | −151 440 |
| Retained earnings | −369 617 | −596 331 | −733 016 | −756 580 | −798 691 |
| Total assets | 435 825 | 432 806 | 523 554 | 460 578 | 394 463 |
| Total liabilities | 364 612 | 498 278 | 612 591 | 491 725 | 577 050 |
| Total equity | 71 213 | −65 472 | −89 037 | −31 147 | −182 587 |
| Employees | 12 | 19 | 19 | 18 | 19 |
| Average gross salary (monthly) | 786 | 776 | 1024 | 1003 | 874 |
| 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 obligations1 issue1 for information5 clear
Data from public registers, not a credit rating.
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State aid and grants
10 recordsState aid and de minimis aid in total 173 518 € (2018–2021). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (148 438 €), Eesti Töötukassa (21 889 €), Spordikoolituse ja -Teabe Sihtasutus (3191 €), Tallinna Linnakantselei (0 €).
Show all aid records (10)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Spordikoolituse ja -Teabe Sihtasutus | COVID-19 VTA | 0 € | 17.05.2021 |
| Spordikoolituse ja -Teabe Sihtasutus | COVID-19 VTA | 562 € | 16.02.2021 |
| Eesti Töötukassa | COVID-19 VTA | 12 912 € | 03.02.2021 |
| Spordikoolituse ja -Teabe Sihtasutus | Spordi- ja mitmeotstarbelise vaba aja veetmise taristule antav VTA | 311 € | 28.07.2020 |
| Spordikoolituse ja -Teabe Sihtasutus | Spordi- ja mitmeotstarbelise vaba aja veetmise taristule antav VTA | 2319 € | 06.07.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.3 "Laenude subsideeritud intressimäärana antav abi" · Soft loan | 130 000 € | 29.05.2020 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 18 438 € | 27.05.2020 |
| Tallinna Linnakantselei | Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi" | 0 € | 01.04.2020 |
| Eesti Töötukassa | Palgatoetus VTA | 6679 € | 19.11.2019 |
| Eesti Töötukassa | Palgatoetus VTA | 2299 € | 04.01.2018 |
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 ↗
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