VelesNord OÜ
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2025Summary: VelesNord OÜ
What kind of company is it?
VelesNord OÜ (registry code 14666553) is a private limited company (OÜ). The company was entered in the Commercial Register in 2019 and has been registered for 7 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is non-specialised wholesale trade (EMTAK 46901). The company is registered for VAT (VAT number EE102164404).
How is the company doing financially?
Revenue in financial year 2025 was 71 270 €, up 211% on the previous year (22 900 €). From 2019 to 2025, revenue grew by an average of 77,9% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 1243 € (1,7% of revenue). The company was profitable in 4 of the 7 published financial years. According to the report, the company had no employees in financial year 2025. At the end of financial year 2025, total assets were 82 392 € and equity 2718 € (3,3% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 8700 €, down 17,4% on the same quarter a year earlier.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by 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 04.05.2026. 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 | 8700 € | — | — |
| Q2 2026 | 1807 € | — | 0 € |
| Q1 2026 | 0 € | — | — |
| Q4 2025 | 39 650 € | — | 0 € |
| Q3 2025 | 10 539 € | — | — |
| Q2 2025 | 9608 € | — | 0 € |
| Q1 2025 | 36 815 € | — | — |
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 3312 | 56 644 | 21 982 | 22 900 | 71 270 |
| Net profit | 1282 | −185 | 2925 | −1603 | 1243 |
| Retained earnings | −943 | 339 | 154 | 3078 | 1475 |
| Total assets | 29 272 | 94 718 | 106 710 | 160 121 | 82 392 |
| Total liabilities | 28 933 | 94 564 | 103 631 | 158 646 | 79 674 |
| Total equity | 339 | 154 | 3079 | 1475 | 2718 |
| Employees | 0 | 0 | 0 | 0 | 0 |
| 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 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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