Nordicelement Tallinn OÜRegistered
Qualified audit opinion. 2025 report: Qualified.
Key figures
5 743 279 €+32,1%
Revenue 2025
+16,3%
Average annual growth 2019–2025
Ratios
20250,2%
Profit margin
43,2%
Equity ratio
2,7×
Current ratio
1,2%
Return on equity
1765 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 356 096 € | 3 | 8203 € |
| Q1 2026 | 338 664 € | 3 | 8121 € |
| Q4 2025 | 713 740 € | 5 | 6753 € |
| Q3 2025 | 2 004 101 € | 6 | 134 983 € |
| Q2 2025 | 1 593 359 € | 39 | 117 190 € |
| Q1 2025 | 1 462 755 € | 36 | 102 007 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
History
dividend other equity decrease
20250 €
20240 €
20230 €
20220 €
20210 €+168 000 € other
20200 €
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 | 697 105 | 964 406 | 2 092 777 | 3 277 531 | 2 796 693 | 2 555 360 | 1 489 429 |
| Total non-current assets | 426 540 | 615 346 | 765 659 | 801 773 | 798 325 | 737 369 | 514 980 |
| Total assets | 1 123 645 | 1 579 752 | 2 858 436 | 4 079 304 | 3 595 018 | 3 292 729 | 2 004 409 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 513 238 | 612 692 | 1 335 183 | 2 234 109 | 1 944 840 | 1 410 970 | 555 483 |
| Non-current liabilities | 208 614 | 515 043 | 1 072 865 | 1 074 105 | 778 885 | 1 026 680 | 583 063 |
| Total liabilities | 721 852 | 1 127 735 | 2 408 048 | 3 308 214 | 2 723 725 | 2 437 650 | 1 138 546 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 30 900 | 231 293 | 281 517 | 447 888 | 768 590 | 868 792 | 852 578 |
| Profit for the year | 200 393 | 50 224 | 166 371 | 320 702 | 100 203 | −16 213 | 10 785 |
| Reserves and other equity | 168 000 | 168 000 | — | — | — | — | — |
| Total equity | 401 793 | 452 017 | 450 388 | 771 090 | 871 293 | 855 079 | 865 863 |
| Income statement | |||||||
| Sales revenue | 2 319 341 | 1 856 912 | 4 906 583 | 11 118 609 | 6 348 683 | 4 348 899 | 5 743 279 |
| Operating profit | 200 391 | 59 456 | 206 207 | 452 923 | 298 412 | 95 868 | 131 044 |
| Profit before income tax | 200 393 | 50 224 | 166 371 | 320 702 | 100 203 | −16 213 | 10 785 |
| Profit for the reporting year | 200 393 | 50 224 | 166 371 | 320 702 | 100 203 | −16 213 | 10 785 |
| Labour costs | 381 495 | 436 273 | 833 195 | 1 172 489 | 1 390 874 | 855 983 | 733 467 |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 16 | 22 | 39 | 41 | 44 | 33 | 23 |
| Calculated dividend | — | 0 | 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.
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