Nortech Development OÜ
RegisteredKey figures
Ratios
2025Summary: Nortech Development OÜ
What kind of company is it?
Nortech Development OÜ (registry code 16454223) is a private limited company (OÜ). The company was entered in the Commercial Register in 2022 and has been registered for 4 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is computer programming (EMTAK 62101).
How is the company doing financially?
Revenue in financial year 2025 was 135 160 €, down 5,8% on the previous year (143 530 €). From 2022 to 2025, revenue grew by an average of 20,6% per year. Financial year 2025 ended with a loss of 8397 €. The company was profitable in 2 of the 4 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 135 160 €. At the end of financial year 2025, total assets were 18 380 € and equity 17 205 € (93,6% of assets). Based on labour costs in the report, the estimated average gross salary was about 8540 € per month.
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 31.03.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2025. 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 2025 | — | — | 71 € |
| Q2 2025 | — | — | 282 € |
| Q1 2025 | 26 040 € | — | — |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2022–2025
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Sales revenue | 77 116 | 138 570 | 143 530 | 135 160 |
| Net profit | 26 037 | −5854 | 2917 | −8397 |
| Retained earnings | — | 26 038 | 20 185 | 23 102 |
| Total assets | 28 599 | 22 746 | 25 914 | 18 380 |
| Total liabilities | 62 | 62 | 312 | 1175 |
| Total equity | 28 537 | 22 684 | 25 602 | 17 205 |
| Employees | 1 | 1 | 1 | 1 |
| Average gross salary (monthly) | 2803 | 8483 | 8310 | 8536 |
| Calculated dividend | — | 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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