HM Nordic OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 106 734 € | 5 | 24 084 € |
| Q2 2026 | 4 765 527 € | 5 | 28 363 € |
| Q1 2026 | 957 216 € | 5 | 22 429 € |
| Q4 2025 | 1 990 015 € | 4 | 21 017 € |
| Q3 2025 | 2 000 765 € | 4 | 22 039 € |
| Q2 2025 | 1 055 395 € | 3 | 16 888 € |
| Q1 2025 | 366 155 € | 3 | 15 551 € |
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 | |
|---|---|---|---|---|---|
| Balance sheet — assets | |||||
| Total current assets | 1 651 840 | 2 310 591 | 1 313 913 | 838 874 | 788 111 |
| Total non-current assets | 12 827 | 16 255 | 23 693 | 15 690 | 35 628 |
| Total assets | 1 664 667 | 2 326 846 | 1 337 606 | 854 564 | 823 739 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 1 215 831 | 1 649 670 | 360 965 | 364 919 | 709 810 |
| Non-current liabilities | 500 000 | 500 000 | 950 000 | 435 000 | 0 |
| Total liabilities | 1 715 831 | 2 149 670 | 1 310 965 | 799 919 | 709 810 |
| Share capital | 10 000 | 10 000 | 10 000 | 10 000 | 10 000 |
| Retained earnings of previous periods | — | −61 164 | 167 176 | 16 641 | −105 355 |
| Profit for the year | −61 164 | 228 340 | −150 535 | −121 996 | 59 284 |
| Reserves and other equity | — | — | — | 150 000 | 150 000 |
| Total equity | −51 164 | 177 176 | 26 641 | 54 645 | 113 929 |
| Income statement | |||||
| Sales revenue | 825 240 | 5 354 343 | 2 855 032 | 1 880 094 | 3 259 471 |
| Operating profit | −57 089 | 251 658 | −91 203 | −74 514 | 74 831 |
| EBITDA | −55 001 | 259 547 | −80 395 | −64 011 | 84 873 |
| Profit before income tax | −61 164 | 228 340 | −150 535 | −121 996 | 59 284 |
| Profit for the reporting year | −61 164 | 228 340 | −150 535 | −121 996 | 59 284 |
| Labour costs | 54 156 | 161 750 | 184 821 | 157 296 | 189 148 |
| Depreciation of non-current assets | 2088 | 7889 | 10 808 | 10 503 | 10 042 |
| Other indicators | |||||
| Employees | 2 | 3 | 4 | 3 | 3 |
| Calculated dividend | — | — | — | 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. † Figures for the marked years come from a report filed as PDF and may be incomplete.
Risks and obligationsAll clear
Data from public registers, not a credit rating.
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Public procurement
3 contractsPublic contracts won worth 28 800 € from 1 contracting authorities (17.04.2024–13.04.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Roomikekskavaatorite SANY hooldus- ja remonditeenuse ning varuosade ostmine | Enefit Industry OÜ | 9900 € | 13.04.2026 |
| Roomikekskavaatorite SANY hooldus- ja remonditeenuse ning varuosade ostmine | Enefit Industry AS | 9900 € | 17.04.2025 |
| Roomikekskavaatorite SANY hooldus- ja remonditeenuse ning varuosade ostmine | Enefit Power AS | 9000 € | 17.04.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: HM Nordic OÜ
Overview
HM Nordic OÜ (registry code 16204118) is a private limited company (OÜ). The company was entered in the Commercial Register in 2021 and has been registered for 5 years. Registered location: Haabersti linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is kaevandus- ja ehitusmasinate hulgimüük (EMTAK 46631). The company is registered for VAT (VAT number EE102370887).
Financial results
Revenue in financial year 2025 was 3 259 471 €, up 73,4% on the previous year (1 880 094 €). From 2021 to 2025, revenue grew by an average of 41,0% per year. Net profit for financial year 2025 was 59 284 € (1,8% of revenue). The company was profitable in 2 of the 5 published financial years. In financial year 2025 the company had 3 employees. Revenue per employee was 1 086 490 €. At the end of financial year 2025, total assets were 823 739 € and equity 113 929 € (13,8% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 1 106 734 €, down 44,7% on the same quarter a year earlier. The company had 5 employees in that quarter. Labour taxes paid in the quarter: 24 084 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2950 € per month.
Management and owners
The management board has 3 members. The sole owner of the company is Boreo Oyj.
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 04.03.2026. 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.