Nordman Algorithms OÜ
RegisteredKey figures
Ratios
2025Summary: Nordman Algorithms OÜ
What kind of company is it?
Nordman Algorithms OÜ (registry code 14435535) is a private limited company (OÜ). The company was entered in the Commercial Register in 2018 and has been registered for 8 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is computer programming (EMTAK 62101). The company is registered for VAT (VAT number EE102065600).
How is the company doing financially?
Revenue in financial year 2025 was 225 764 €, down 8,1% on the previous year (245 613 €). From 2019 to 2025, revenue grew by an average of 6,9% per year. Financial year 2025 ended with a loss of 15 095 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 5 employees (4 a year earlier). Revenue per employee was 45 153 €. At the end of financial year 2025, total assets were 30 608 € and equity 21 661 € (70,8% of assets). Based on labour costs in the report, the estimated average gross salary was about 2540 € per month.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 70 731 €, up 35,2% on the same quarter a year earlier. Labour taxes paid in the quarter: 212 €.
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 29.05.2026. 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 | 70 731 € | — | 212 € |
| Q2 2026 | 59 309 € | — | 141 € |
| Q1 2026 | 66 981 € | — | 353 € |
| Q4 2025 | 47 209 € | — | 141 € |
| Q3 2025 | 52 323 € | — | 141 € |
| Q2 2025 | 61 660 € | — | 212 € |
| Q1 2025 | 54 098 € | — | 207 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 185 256 | 227 317 | 275 745 | 245 613 | 225 764 |
| Net profit | 19 412 | 28 840 | 46 873 | −16 946 | −15 095 |
| Retained earnings | 11 088 | 4200 | 4329 | 51 202 | 34 256 |
| Total assets | 35 584 | 39 577 | 58 930 | 37 833 | 30 608 |
| Total liabilities | 2584 | 4037 | 5228 | 1077 | 8947 |
| Total equity | 33 000 | 35 540 | 53 702 | 36 756 | 21 661 |
| Employees | 4 | 4 | 4 | 4 | 5 |
| Average gross salary (monthly) | 2117 | 2462 | 3105 | 3712 | 2540 |
| Calculated dividend | 40 715 | 26 300 | 28 711 | 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 note6 clear
Data from public registers, not a credit rating.
Connections graph
Annual reportsPDF, XBRL
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.
Related companies
- Bolt Operations OÜ1,5 bn €
- Telia Eesti AS363 m €
- Pipedrive OÜ237 m €
- Elisa Eesti AS224 m €
- pawaTech OÜ101 m €