Nordic Milk OÜRegistered
Key figures
Ratios
Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 52 774 927 € | 58 | 270 733 € |
| Q2 2026 | 55 535 538 € | 59 | 282 311 € |
| Q1 2026 | 57 179 438 € | 60 | 290 674 € |
| Q4 2025 | 61 614 012 € | 60 | 296 123 € |
| Q3 2025 | 63 685 459 € | 61 | 298 712 € |
| Q2 2025 | 63 022 101 € | 60 | 419 886 € |
| Q1 2025 | 59 961 120 € | 64 | 346 116 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 2500 | — | 6 233 766 | 12 625 895 | — | 9 966 170 | — |
| Total non-current assets | 2800 | — | 53 272 058 | 53 581 241 | — | 55 806 393 | — |
| Total assets | 5300 | 53 538 248 | 59 505 824 | 66 207 136 | 68 424 368 | 65 772 563 | 70 174 756 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 2800 | — | 7 101 281 | 14 078 233 | — | 20 645 777 | — |
| Non-current liabilities | — | — | 599 253 | 418 193 | — | 1 089 784 | — |
| Total liabilities | 2800 | — | 7 700 534 | 14 496 426 | — | 21 735 561 | — |
| Share capital | 2500 | — | 517 613 | 517 613 | — | 517 613 | — |
| Retained earnings of previous periods | — | — | 5987 | 291 470 | — | −2 393 784 | — |
| Profit for the year | 0 | — | 285 483 | −94 580 | — | −5 068 234 | — |
| Reserves and other equity | — | — | 50 996 207 | 50 996 207 | — | 50 981 407 | — |
| Total equity | 2500 | — | 51 805 290 | 51 710 710 | — | 44 037 002 | — |
| Income statement | |||||||
| Sales revenue | 0 | 663 324 | 74 071 841 | 94 137 693 | 118 037 595 | 154 357 327 | 230 878 675 |
| Operating profit | 0 | — | 313 676 | 52 235 | — | −113 983 | — |
| EBITDA | — | — | 470 557 | 305 064 | — | 231 030 | — |
| Profit before income tax | 0 | — | 285 483 | −94 580 | — | −5 068 234 | — |
| Profit for the reporting year | 0 | — | 285 483 | −94 580 | — | −5 068 234 | — |
| Labour costs | 0 | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | 156 881 | 252 829 | — | 345 013 | — |
| Other indicators | |||||||
| Employees | 0 | 46 | 49 | 55 | 61 | 61 | 62 |
| Calculated dividend | — | — | — | 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 note5 clear
Data from public registers, not a credit rating.
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Public procurement
8 contractsPublic contracts won worth 154 879 € from 5 contracting authorities (05.07.2024–30.09.2026). Plus 4 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Värskete piimatoodete soetus | Riigi Kaitseinvesteeringute Keskus | up to 486 965 € | 30.09.2026 |
| Piima ja piimatoodete ostmine 15.07.2026-14.07.2027 · Jogurtid | Aktsiaselts Rakvere Haigla | 1077 € | 29.06.2026 |
| Piima ja piimatoodete ostmine 15.07.2026-14.07.2027 · Kohupiimatooted/ kodujuust | Aktsiaselts Rakvere Haigla | 4538 € | 29.06.2026 |
| Piima ja piimatoodete ostmine 15.07.2026-14.07.2027 · Piim, Keefir, Pett, Hapukoor, Vahukoor, Või | Aktsiaselts Rakvere Haigla | 19 106 € | 29.06.2026 |
| Piima ostmine | Eesti Energia AS | 55 000 € | 01.04.2026 |
| Piima ja piimatoodete ostmine 15.07.2025-14.07.2026 · Jogurtid | Aktsiaselts Rakvere Haigla | 6513 € | 15.07.2025 |
| Piima ja piimatoodete ostmine 15.07.2025-14.07.2026 · Kohupiimatooted/ kodujuust | Aktsiaselts Rakvere Haigla | 6401 € | 15.07.2025 |
| Piima ja piimatoodete ostmine 15.07.2025-14.07.2026 · Piim, Keefir, Pett, Hapukoor, Vahukoor, Või | Aktsiaselts Rakvere Haigla | 29 498 € | 15.07.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Nordic Milk OÜ
Overview
Nordic Milk OÜ (registry code 14467291) 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: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is piimatoodete tootmine (EMTAK 1051). The company is registered for VAT (VAT number EE102283712).
Financial results
Revenue in financial year 2025 was 230 878 675 €, up 49,6% on the previous year (154 357 327 €). This is the company's highest revenue among the published years (2019–2025). Financial year 2024 ended with a loss of 5 068 234 €. The company was profitable in 1 of the 4 published financial years. In financial year 2025 the company had 62 employees (61 a year earlier). Revenue per employee was 3 723 850 €. At the end of financial year 2024, total assets were 65 772 563 € and equity 44 037 002 € (67,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 52 774 927 €, down 17,1% on the same quarter a year earlier. The company had 58 employees in that quarter. Labour taxes paid in the quarter: 270 733 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2870 € per month.
Management and owners
The management board has 2 members. The supervisory board has 3 members. The sole owner of the company is MAAG FOOD OÜ.
Data sources and freshness
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 30.06.2026. 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.