Nicorex Baltic OÜ
- Registry code
- 11246738
- VAT number
- EE101602462
- Address
- Harju maakond, Rae vald, Peetri alevik, Allika tee 1, 75312
- Registered
- 24.04.2006 · 20 yrs
- Activity
- Wholesale of tobacco products 46351
- Lisategevusalad
- Retail sale of tobacco products in specialised stores
- Capital
- 2 556 €
- i•••@n•••.eeLog in to see
- Phone
- +372 5•• ••••Log in to see
- Website
- http://www.nicorex.ee
Business Register 04.10.2026
Sales revenue13,9 m €-11%2025 annual report
Profit592 k €2025 annual report
Employees76Tax Board 2026 Q2
Average gross salary1 726 €estimate, Tax Board 2026 Q2
Labour taxes per quarter201 k €Tax Board 2026 Q2
Cash782 k €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 04.10.2026
Revenue 12 months19,2 m €+0%Tax Board, last 4 quarters
State taxes 12 months7,7 m €Tax Board, last 4 quarters
Quick check
- No tax debt
- No enforcement proceedings (12 months)
- No payment orders (12 months)
- No bankruptcy or liquidation
- No sanctions
- Report filed (2025)
- VAT registered
Stability
Follow companyNotification when something changesRatingAA → A → AAA
In tax debt0 days since 26.09.2026
Revenue 12 months▲ 0% aasta varasemaga
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Board and owners
3 persons
| Board 2 | ||
|---|---|---|
| Sven Kotke9 companiesno tax debt | Personal ID ↗ | 08.01.2013 |
| Toomas Viilo5 companiesno tax debt | Personal ID ↗ | 08.05.2006 |
| Muud isikud 1 | ||
| Diane Sirelpuu3 companiesno tax debtProcurator | Personal ID ↗ | 03.07.2020 |
| Shareholders 3 | ||
| Sven Kotke | 47,5% 1 214 € | 01.09.2023 |
| Toomas Viilo | 47,5% 1 214 € | 01.09.2023 |
| Diane Sirelpuu | 5,01% 128 € | 01.09.2023 |
| Beneficial owners 3 | ||
| Diane Sirelpuu3 companiesno tax debtkõrgema juhtorgani liige. s.o juhatuse liige või nõukogu liige | 19.06.2023 | |
| Sven Kotke9 companiesno tax debtotsene osalus | 15.10.2018 | |
| Toomas Viilo5 companiesno tax debtotsene osalus | 15.10.2018 | |
Business Register open data
Quarterly taxes and revenue
2026 Q2
State taxes / revenue37,2%
Labour taxes / revenue4,1%
Revenue per employee per month21 278 €
Gross salary (estimate)1 726 €
Net salary (estimate)1 452 €
2026 Q2. Wage is estimated from employment taxes.
| Quarter | Revenue | Change y/y | Labour taxes | State taxes | Employees |
|---|---|---|---|---|---|
| 2026 Q2 | 4 851 354 € | ▲ 7% | 200 709 € | 1 805 528 € | 76 |
| 2026 Q1 | 4 753 478 € | ▲ 9% | 202 575 € | 1 723 323 € | 78 |
| 2025 Q4 | 4 508 959 € | ▼ 3% | 212 925 € | 2 072 442 € | 80 |
| 2025 Q3 | 5 058 840 € | ▼ 9% | 221 500 € | 2 081 398 € | 77 |
| 2025 Q2 | 4 545 938 € | ▼ 18% | 204 669 € | 1 654 302 € | 74 |
| 2025 Q1 | 4 367 107 € | ▼ 17% | 197 508 € | 1 847 557 € | 73 |
| 2024 Q4 | 4 642 850 € | ▼ 23% | 219 881 € | 1 826 769 € | 73 |
| 2024 Q3 | 5 530 687 € | ▼ 8% | 252 791 € | 1 996 782 € | 76 |
| 2024 Q2 | 5 552 761 € | ▼ 3% | 210 475 € | 1 995 956 € | 81 |
| 2024 Q1 | 5 290 596 € | ▼ 5% | 202 869 € | 1 728 837 € | 77 |
| 2023 Q4 | 6 056 688 € | ▲ 16% | 210 946 € | 1 558 229 € | 76 |
| 2023 Q3 | 6 002 609 € | ▲ 7% | 267 189 € | 1 667 786 € | 77 |
Näita kogu ajalugu (18 kvartalit)
| 2023 Q2 | 5 753 562 € | ▲ 29% | 212 790 € | 1 420 846 € | 81 |
| 2023 Q1 | 5 554 672 € | ▲ 38% | 215 001 € | 1 285 710 € | 74 |
| 2022 Q4 | 5 233 512 € | 215 395 € | 760 002 € | 66 | |
| 2022 Q3 | 5 592 334 € | 179 141 € | 497 212 € | 61 | |
| 2022 Q2 | 4 455 187 € | 159 181 € | 412 529 € | 53 | |
| 2022 Q1 | 4 021 972 € | 165 809 € | 454 682 € | 54 |
Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0
Annual reports
5 yr
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Sales revenue | 13,9 m € | ▼ 11% | 15,6 m € | ▼ 27% | 21,2 m € | ▲ 22% | 17,4 m € | ▲ 66% | 10,5 m € |
| Profit | 592 k € | ▼ 55% | 1,3 m € | ▲ 1% | 1,3 m € | ▼ 48% | 2,5 m € | ▲ 92% | 1,3 m € |
| Profit margin | 4,3% | 8,5% | 6,1% | 14,3% | 12,4% | ||||
| Jaotamata kasum | 1,6 m € | ▼ 23% | 2,1 m € | ▼ 25% | 2,8 m € | ▲ 110% | 1,3 m € | ▲ 150% | 531 k € |
| Cash | 782 k € | ▼ 22% | 1,0 m € | ▼ 20% | 1,2 m € | ▲ 12% | 1,1 m € | ▲ 104% | 547 k € |
| Current assets | 5,0 m € | ▼ 28% | 7,0 m € | ▲ 4% | 6,7 m € | ▼ 13% | 7,6 m € | ▲ 111% | 3,6 m € |
| Põhivara | 205 k € | ▼ 28% | 286 k € | ▼ 21% | 364 k € | ▲ 9% | 333 k € | ▲ 110% | 158 k € |
| Assets | 5,2 m € | ▼ 28% | 7,2 m € | ▲ 3% | 7,0 m € | ▼ 12% | 8,0 m € | ▲ 111% | 3,8 m € |
| Current liabilities | 3,0 m € | ▼ 22% | 3,8 m € | ▲ 31% | 2,9 m € | ▼ 29% | 4,1 m € | ▲ 117% | 1,9 m € |
| Pikaajalised kohustised | — | — | 0 € | ▼ 100% | 606 € | ▼ 98% | 31 609 € | ||
| Total liabilities | 3,0 m € | ▼ 22% | 3,8 m € | ▲ 31% | 2,9 m € | ▼ 29% | 4,1 m € | ▲ 114% | 1,9 m € |
| Equity | 2,2 m € | ▼ 35% | 3,4 m € | ▼ 17% | 4,1 m € | ▲ 7% | 3,8 m € | ▲ 109% | 1,8 m € |
| Tööjõukulud | -2,1 m € | 0% | -2,1 m € | ▲ 2% | -2,1 m € | ▼ 17% | -1,8 m € | ▼ 28% | -1,4 m € |
| Employees | 63 | ▼ 2% | 64 | ▼ 2% | 65 | ▲ 18% | 55 | ▲ 10% | 50 |
| Filed | 29.06.2026 | 28.06.2025 | 05.06.2024 | 28.06.2023 | 29.06.2022 | ||||
| Report | In the Business Register ↗ | In the Business Register ↗ | In the Business Register ↗ | In the Business Register ↗ | In the Business Register ↗ |
▲ kasv, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0
Revenue by activity
2025
| Activity | EMTAK | Sales revenue | Osa |
|---|---|---|---|
| Wholesale of tobacco products main activity | 46351 | 8 418 196 € | 61% |
| Retail sale of tobacco products in specialised stores spetsialiseeritud kauplustes | 47261 | 5 467 397 € | 39% |
2025 annual report, RIK open data
Real estate
e-kinnistusraamat
Loading properties…
Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data
Debts and court cases
clean
No tax debt · Tax Board 04.10.2026
Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.
Enforcement, payment orders and notices
clean
Official Announcements contain no enforcement, payment order or tax authority notices about the company.
Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.
State: transactions, tenders, grants
none
No transactions with state agencies, procurement contracts or grants found
RTK Saldo, Riigihangete register, RTK toetatud projektid
Holdings in other companies
1
| Company | Kood | Osalus | Since | Revenue |
|---|---|---|---|---|
| DeSign DV OÜ | 14783833 | 10,01% | 12.08.2025 | 544 k € |
Business Register
Companies linked via the board
12
IT & Digital Solutions OÜDiane Sirelpuu, Sven Kotke, Toomas Viilo5,0 m €AADeSign DV OÜSven Kotke544 k €AANordgranit OÜSven Kotke200 k €BBKapike OÜToomas Viilo108 k €ABaltPellet OÜSven Kotke72 500 €ALoneva Holding OÜSven Kotke31 728 €AMTÜ E-sigareti kaupmeeste liitDiane Sirelpuu22 700 €AOsaühing FRACTUREToomas Viilo3 798 €AThe Greenest Stones OÜSven Kotke0 €BBARO Invest OÜSven Kotke0 €BBStartupFund SPV1 OÜSven Kotke0 €BBMTÜ JõesuudmeToomas Viilo0 €
Sorted by revenue (latest report or 4 quarters).
Top 20 in activity: Wholesale of tobacco products
20
| # | Company | Revenue |
|---|---|---|
| 1 | Philip Morris Eesti Osaühing | 26,0 m € |
| 2 | Nicorex Baltic OÜ | 13,9 m € |
| 3 | OÜ SIGARI MAJA | 13,1 m € |
| 4 | OÜ ALLIUM EST | 11,2 m € |
| 5 | Foxtrot Uniform Capital OÜ | 6,2 m € |
| 6 | British American Tobacco Estonia AS | 3,5 m € |
| 7 | E-smoke OÜ | 1,2 m € |
| 8 | NicoTech OÜ | 1,2 m € |
| 9 | Stirling International OÜ | 888 k € |
| 10 | Vape Group OÜ | 706 k € |
| 11 | CC77 Holding OÜ | 503 k € |
| 12 | PouchPoint OÜ | 438 k € |
| 13 | Golden Brown OÜ | 165 k € |
| 14 | Auvoria OÜ | 151 k € |
| 15 | NP Trade OÜ | 104 k € |
| 16 | GRANT GROUP OÜ | 93 909 € |
| 17 | Aleserk OÜ | 74 522 € |
| 18 | Clam Broth OÜ | 64 947 € |
| 19 | KML Distribution OÜ | 50 986 € |
| 20 | FutureNow360 OÜ | 35 828 € |
Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity
Licences, pledges, domains
4 records
Activity licences (MTR and environmental)
| Field | Licence number | Valid from |
|---|---|---|
| Jaekaubandus | KJK054365 | 06.12.2016 |
Commercial pledges
| Number | Pandipidaja | Amount | Since |
|---|---|---|---|
| 2 | Swedbank AS | 200 000 € | 30.05.2018 |
| 1 | Swedbank AS | 200 000 € | 28.06.2017 |
Domains
| Domain | Source |
|---|---|
| nicorex.ee | Business Register |
History and notices
16
| Date | Liik | Sisu |
|---|---|---|
| 01.09.2023 | Kanne | Muutmiskanne |
| 05.12.2022 | Kanne | Muutmiskanne |
| 03.07.2020 | Kanne | Muutmiskanne |
| 06.08.2018 | Kanne | Teine, konstitutiivne ühinemiskanne (ühendava isiku registrikaardile) |
| 30.05.2018 | Kanne | Kommertspandi avamiskanne |
| 17.01.2018 | Kanne | Muutmiskanne |
| 30.11.2017 | Kanne | Muutmiskanne |
| 28.06.2017 | Kanne | Kommertspandi avamiskanne |
| 09.09.2016 | Kanne | Muutmiskanne |
| 25.01.2016 | Kanne | Muutmiskanne |
| 30.08.2013 | Kanne | Muutmiskanne ÄS § 525 lg 2 alusel |
| 08.01.2013 | Kanne | Muutmiskanne |
| 08.01.2013 | Kanne | Muutmiskanne |
| 03.12.2008 | Tegevusalade kustutamine registrikaardilt | Muutmiskanne |
| 08.05.2006 | Kanne | Muutmiskanne |
| 24.04.2006 | Kanne | Esmakanne |