OÜ Nordic Way
- Registry code
- 11323462
- VAT number
- EE101132152
- Address
- Harju maakond, Tallinn, Kesklinna linnaosa, F. R. Faehlmanni tn 5, 10125
- Registered
- 08.02.2007 · 19 yrs
- Activity
- Rental and operating of own or leased real estate 68201
- Additional activities
- Äri- ja muu juhtimisalane nõustamine
- Capital
- 2 556 €
- v•••@n•••.eeLog in to see
- Phone
- +372 5•• ••••Log in to see
- LEI
- 894500GHPPT5PBBDZI30 ISSUED
Business Register 06.10.2026
Sales revenue165 k €-58%2025 annual report
Profit762 €2025 annual report
Employees1Tax Board 2026 Q2
Average gross salary657 €estimate, Tax Board 2026 Q2
Labour taxes per quarter1 005 €Tax Board 2026 Q2
Cash11 196 €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months99 831 €-71%Tax Board, last 4 quarters
State taxes 12 months4 259 €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 changesRatingA since 26.09.2026
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 71% vs a year earlier
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Board and owners
1 persons
| Board 1 | ||
|---|---|---|
| Velvo Vaht16 companiesno tax debt | Personal ID ↗ | 08.02.2007 |
| Shareholders 1 | ||
| Velvo Vaht | 100,0% 2 556 € | 01.09.2023 |
| Beneficial owners 1 | ||
| Velvo Vaht16 companiesno tax debtdirect holding | 23.10.2018 | |
Business Register open data
Quarterly taxes and revenue
2026 Q2
State taxes / revenue8,4%
Labour taxes / revenue7,6%
Revenue per employee per month4 433 €
Gross salary (estimate)657 €
Net salary (estimate)633 €
2026 Q2. Wage is estimated from employment taxes.
| Quarter | Revenue | Change y/y | Labour taxes | State taxes | Employees |
|---|---|---|---|---|---|
| 2026 Q2 | 13 300 € | ▼ 78% | 1 005 € | 1 119 € | 1 |
| 2026 Q1 | 30 158 € | ▼ 50% | 891 € | 3 140 € | 1 |
| 2025 Q4 | 18 864 € | ▼ 86% | 521 € | 0 € | 1 |
| 2025 Q3 | 37 509 € | ▼ 58% | 0 € | 0 € | 1 |
| 2025 Q2 | 59 991 € | ▼ 36% | 0 € | 5 557 € | — |
| 2025 Q1 | 60 614 € | ▼ 5% | 0 € | 1 847 € | — |
| 2024 Q4 | 135 158 € | ▲ 459% | 0 € | 0 € | — |
| 2024 Q3 | 89 806 € | ▼ 29% | 0 € | 0 € | — |
| 2024 Q2 | 93 507 € | ▼ 8% | 526 € | 0 € | — |
| 2024 Q1 | 63 800 € | ▼ 65% | 2 747 € | 9 474 € | — |
| 2023 Q4 | 24 169 € | ▼ 77% | 0 € | 0 € | — |
| 2023 Q3 | 126 480 € | ▲ 270% | 0 € | 17 264 € | 1 |
Show full history (18 quarters)
| 2023 Q2 | 102 084 € | ▲ 99% | 21 € | 2 285 € | 1 |
| 2023 Q1 | 181 024 € | ▲ 948% | 630 € | 0 € | 1 |
| 2022 Q4 | 106 503 € | 0 € | 17 288 € | 1 | |
| 2022 Q3 | 34 145 € | 0 € | 6 669 € | — | |
| 2022 Q2 | 51 183 € | 304 € | 2 013 € | — | |
| 2022 Q1 | 17 275 € | 38 € | 1 482 € | — |
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 | 165 k € | ▼ 58% | 388 k € | ▲ 24% | 313 k € | ▲ 18% | 265 k € | ▲ 217% | 83 756 € |
| Profit | 762 € | ▼ 99% | 81 804 € | ▼ 37% | 130 k € | ▲ 56% | 83 662 € | ▲ 18% | 70 893 € |
| Profit margin | 0,5% | 21,1% | 41,7% | 31,5% | 84,6% | ||||
| Retained earnings | 1,2 m € | ▲ 7% | 1,1 m € | ▲ 223% | 342 k € | ▲ 14% | 299 k € | ▲ 7% | 280 k € |
| Cash | 11 196 € | ▼ 84% | 70 680 € | ▲ 766% | 8 160 € | ▼ 63% | 22 081 € | ▼ 1% | 22 248 € |
| Current assets | 678 k € | ▲ 138% | 284 k € | ▲ 673% | 36 793 € | ▼ 52% | 76 646 € | ▲ 163% | 29 094 € |
| Fixed assets | 934 k € | ▼ 34% | 1,4 m € | ▲ 126% | 629 k € | ▲ 15% | 547 k € | ▼ 2% | 559 k € |
| Assets | 1,6 m € | ▼ 6% | 1,7 m € | ▲ 156% | 666 k € | ▲ 7% | 624 k € | ▲ 6% | 588 k € |
| Current liabilities | 163 k € | ▼ 19% | 202 k € | ▲ 322% | 47 919 € | ▲ 37% | 34 943 € | ▼ 49% | 68 889 € |
| Long-term liabilities | 258 k € | ▼ 18% | 313 k € | ▲ 120% | 142 k € | ▼ 30% | 203 k € | ▲ 23% | 166 k € |
| Total liabilities | 421 k € | ▼ 18% | 516 k € | ▲ 171% | 190 k € | ▼ 20% | 238 k € | ▲ 2% | 234 k € |
| Equity | 1,2 m € | 0% | 1,2 m € | ▲ 150% | 476 k € | ▲ 23% | 386 k € | ▲ 9% | 354 k € |
| Labour costs | -3 096 € | 0 € | ▲ 100% | -1 230 € | 0 € | 0 € | |||
| Employees | 1 | 0 | ▼ 100% | 1 | 0 | 0 | |||
| Filed | 30.06.2026 | 30.06.2025 | 13.05.2024 | 28.06.2023 | 30.06.2022 | ||||
| Report | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ |
▲ growth, ▼ 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 |
|---|---|---|---|
| Rental and operating of own or leased real estate main activity | 68201 | 139 420 € | 85% |
| Äri- ja muu juhtimisalane nõustamine | 70201 | 25 200 € | 15% |
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 06.10.2026
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
1 000 € makseid
Transactions with state institutions
20261 000 €
Largest payers
| Tallinna Linnaplaneerimise Amet | 1 000 € |
All payments by month
| Month | Payer | Type | Field | Amount |
|---|---|---|---|---|
| 05.2026 | Tallinna Linnaplaneerimise Amet | Sotsiaaltoetused | Heritage protection | 1 000 € |
Riigi Tugiteenuste Keskus, Saldo makseandmikud
Holdings in other companies
7
| Company | Code | Holding | Since | Revenue |
|---|---|---|---|---|
| MultiCharge OÜ | 14627725 | 0,41% | 02.03.2026 | 304 k € |
| Quicksort OÜ | 16472439 | 25,0% | 19.02.2024 | 117 k € |
| Textonia Displays OÜ | 14080729 | 100,0% | 01.09.2023 | 112 k € |
| P1MGMT OÜ | 17290114 | 100,0% | 25.07.2025 | 60 000 € |
| Plastic Road OÜ | 14731479 | 25,0% | 12.10.2024 | 10 250 € |
| Auto Selection OÜ | 16865794 | 100,0% | 31.01.2024 | 4 800 € |
| Kadrioru Varahaldus OÜ | 16059834 | 100,0% | 21.02.2024 | 3 717 € |
Business Register
Companies linked via the board
15
Auto Italy OÜVelvo Vaht5,6 m €AFinger Yachting OÜVelvo Vaht1,2 m €AFinger Invest OÜVelvo Vaht219 k €AAJVON Holdings OÜVelvo Vaht169 k €AQuicksort OÜVelvo Vaht117 k €BBTextonia Displays OÜVelvo Vaht112 k €AP1MGMT OÜVelvo Vaht60 000 €AOÜ RaktasVelvo Vaht17 015 €ARisto Vahtra & Associates OÜVelvo Vaht13 444 €APlastic Road OÜVelvo Vaht10 250 €BBBAuto Selection OÜVelvo Vaht4 800 €AKadrioru Varahaldus OÜVelvo Vaht · Likvideerimisel3 717 €CMegamyr OÜVelvo Vaht0 €BBHigh Ocean Yachting OÜVelvo Vaht0 €BBBLasea Holding OÜVelvo Vaht0 €
Sorted by revenue (latest report or 4 quarters).
Top 20 in activity: Rental and operating of own or leased real estate
20
| # | Company | Revenue |
|---|---|---|
| 1 | Riigi Kinnisvara Aktsiaselts | 177,2 m € |
| 2 | Kirkcong Property OÜ | 27,8 m € |
| 3 | Ülemiste Center OÜ | 26,2 m € |
| 4 | BLRT Grupp AS | 20,7 m € |
| 5 | TÜC Majad AS | 20,2 m € |
| 6 | ROCCA al MARE KAUBANDUSKESKUSE AKTSIASELTS | 19,6 m € |
| 7 | Öpiku Majad OÜ | 17,9 m € |
| 8 | AS Viru Keskus | 17,1 m € |
| 9 | TKM Kinnisvara AS | 17,0 m € |
| 10 | Kinnisvaravalduse AS | 16,8 m € |
| 11 | Sihtasutus Ida-Viru Investeeringute Agentuur | 14,2 m € |
| 12 | Kaarsilla Kinnisvara OÜ | 13,4 m € |
| 13 | Lõunakeskus OÜ | 13,4 m € |
| 14 | OÜ Raadiku Arendus | 12,8 m € |
| 15 | EfTEN Kristiine OÜ | 12,6 m € |
| 16 | Neutra Capital AS | 10,7 m € |
| 17 | AS Harju Elekter Group | 10,5 m € |
| 18 | aktsiaselts AQUA MARINA | 10,5 m € |
| 19 | Arter Kinnisvara OÜ | 10,4 m € |
| 20 | TTK Kultuurikeskus OÜ | 10,3 m € |
Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity
Licences, pledges, domains
No data
History and notices
12
| Date | Type | Content |
|---|---|---|
| 12.02.2024 | Entry | Esimene, deklaratiivne jagunemiskanne (omandava isiku registrikaardile) |
| 12.02.2024 | Entry | Kolmas, informatiivne jagunemiskanne (omandava isiku registrikaardile) |
| 01.09.2023 | Entry | Amendment entry |
| 19.01.2018 | Entry | Amendment entry |
| 04.12.2017 | Entry | Amendment entry |
| 13.01.2016 | Entry | Amendment entry |
| 03.12.2014 | Entry | Muutmiskanne ÄS § 525 lg 2 alusel |
| 12.04.2011 | Entry | Amendment entry |
| 09.09.2010 | Entry | Amendment entry |
| 09.07.2010 | Order to remedy deficiencies | Amendment entry |
| 08.02.2007 | Entry | First entry |
| 30.01.2007 | Kättetoimetatav puuduste kõrvaldamise määrus | First entry |