Nordecon AS
Active Registry code 10099962
AS Tallinn Registered 4 Nov 1996
Nordecon AS is a AS based in Tallinn, registry code 10099962, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €57 691 433 with 137 employees.
Turnover
57 691 433 €
↑ 71.7% vs Q2 2026
State taxes
3 864 742 €
↑ 162.4% vs Q2 2026
Labour taxes
1 246 027 €
↑ 20.5% vs Q2 2026
Employees
137
−5 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 57.7 mn €above 98% of companiesindustry median 25 252 € · companies in the industry: 4 696
- Labour taxes per employee 9 095 €above 98% of companiesindustry median 1 211 € · companies in the industry: 4 133
- Revenue · 2025 106.1 mn €above 98% of companiesindustry median 38 239 € · companies in the industry: 7 000
- Net profit margin · 2025 -2.4 %above 26% of companiesindustry median 3.5 % · companies in the industry: 5 562
Taxes and turnover
- Company
- Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 57 691 433 | 3 864 742 | 1 246 027 | 137 |
| Q2 2026 | 33 599 594 | 1 472 606 | 1 034 276 | 142 |
| Q1 2026 | 30 264 925 | — | 1 199 330 | 134 |
| Q4 2025 | 36 427 255 | 3 444 859 | 1 648 705 | 130 |
| Q3 2025 | 26 558 570 | 2 774 687 | 1 377 471 | 129 |
| Q2 2025 | 24 744 165 | 1 637 034 | 1 060 159 | 133 |
| Q1 2025 | 27 218 383 | 1 936 959 | 915 442 | 126 |
| Q4 2024 | 37 552 384 | 2 026 113 | 838 757 | 130 |
| Q3 2024 | 38 551 594 | 2 716 334 | 1 014 699 | 135 |
| Q2 2024 | 36 538 050 | 1 733 647 | 905 443 | 142 |
| Q1 2024 | 29 097 455 | 2 796 623 | 1 208 560 | 141 |
| Q4 2023 | 23 306 729 | 1 594 085 | 921 956 | 145 |
| Q3 2023 | 23 442 762 | 1 357 800 | 869 784 | 145 |
| Q2 2023 | 29 691 272 | 1 799 409 | 806 429 | 143 |
| Q1 2023 | 37 319 099 | 2 451 821 | 1 079 958 | 147 |
| Q4 2022 | 46 201 949 | 1 481 537 | 986 972 | 156 |
| Q3 2022 | 48 313 822 | 1 891 216 | 1 046 687 | 188 |
| Q2 2022 | 46 890 613 | 2 082 806 | 1 015 273 | 205 |
| Q1 2022 | 40 555 649 | 1 721 308 | 1 063 442 | 199 |
Labour taxes per employee per month
3 032 €
Turnover per employee in the quarter
421 105 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Construction of residential and non-residential buildings (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|
| 2025 | 106 073 000 | -2 506 000 | 89 431 000 | 26 860 000 | 0 |
| 2024 | 134 904 000 | 5 677 000 | 81 576 000 | 29 366 000 | 147 |
| 2023 | 99 928 000 | 1 550 000 | 86 613 000 | 23 689 000 | 160 |
| 2022 | 158 005 000 | -3 997 000 | 92 817 000 | 22 139 000 | 208 |
| 2021 | 137 981 000 | 546 000 | 92 484 000 | 26 136 000 | 210 |
| 2020 | 138 050 000 | 2 184 000 | 86 536 000 | 27 482 000 | 216 |
| 2019 | 122 041 000 | 3 064 000 | 79 469 000 | 26 887 000 | 220 |
| 2018 | — | — | — | — | 273 |
| 2017 | — | — | — | — | 278 |
| 2016 | — | — | — | — | 319 |
| 2015 | — | — | — | — | 313 |
| 2014 | — | — | — | — | 323 |
| 2013 | — | — | — | — | 362 |
| 2012 | — | — | — | — | 370 |
| 2011 | — | — | — | — | 731 |
| 2010 | — | — | — | — | 390 |
| 2004 | — | — | — | — | 134 |
| 2003 | — | — | — | — | 125 |
| 2002 | — | — | — | — | 121 |
| 2001 | — | — | — | — | 105 |
| 2000 | — | — | — | — | 112 |
| 1999 | — | — | — | — | 146 |
| 1998 | — | — | — | — | 205 |
| 1997 | — | — | — | — | 220 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2025
Net profit margin
-2.4 %
Net profit / revenue
Return on equity (ROE)
-9.3 %
Net profit / equity
Return on assets (ROA)
-2.8 %
Net profit / assets
Equity ratio
30.0 %
Equity / assets
Debt ratio
70.0 %
Liabilities / assets
Current ratio
0.66
Current assets / current liabilities
Revenue per employee
774 255 €
Revenue / average full-time employees
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 12 Jun 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 27 Jun 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 12 Jun 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 16 Jun 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 13 Jun 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 16 Jun 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 12 Jun 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 9 | 6 499 815 € | Coop Pank AS | 3 Jan 2011 – in force |
| 8 | 13 645 137 € | Swedbank AS | 3 Jan 2011 – in force |
| 7 | 23 423 619 € | Swedbank AS | 3 Jan 2011 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Maret TambekBoard member · since 4 May 2017
- Tarmo PohlakBoard member · since 6 Jun 2023
- Deniss BermanBoard member · since 2 Jan 2025
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 3.18%
- 51%
- 100%
- 100%
- 12.22%
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
Beneficial owners
No beneficial owners listed.
Founders and other persons
- Andres RootAudit firm · 18 Apr 2011
- KPMG Baltics OÜAudit firm · 9 Sep 2016
- Toomas LumanChairman of the supervisory board · 4 Jun 2025
- Andre LumanSupervisory board member · 4 Jun 2025
- Andri HõbemägiSupervisory board member · 4 Jun 2025
- Sandor LiiveSupervisory board member · 4 Jun 2025
- Vello KahroSupervisory board member · 4 Jun 2025
- Omanikukonto: LUKSUSJAHT ASShareholder · 1 924 065 € · 28 Feb 2024
- Omanikukonto: AS Nordic ContractorsShareholder · 7 429 245 € · 3 Jun 2026
Related companies
Activities (EMTAK)
- 41001Construction of residential and non-residential buildings Main
- 42111Construction of roads and motorways
- 42991Construction of other civil engineering projects n.e.c.
- 71121Constructional engineering-technical designing and consulting
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10006692 / 54 2 Jan 2025 |
Amendment entry | In force 2 Jan 2025 |
||
| Ä 10006692 / M16 17 Dec 2024 |
Procedural ruling | In force 17 Dec 2024 |
||
| Ä 10006692 / 53 19 Jan 2024 |
Amendment entry | In force 19 Jan 2024 |
||
| Ä 10006692 / M15 9 Jan 2024 |
Ruling to eliminate deficiencies | 27 Jan 2024 | Deficiencies eliminated 19 Jan 2024 |
|
| Ä 10006692 / 52 6 Jun 2023 |
Amendment entry | In force 6 Jun 2023 |
||
| Ä 10006692 / 51 13 Jan 2023 |
Amendment entry | In force 13 Jan 2023 |
||
| Ä 10006692 / M14 5 Jan 2023 |
Ruling to eliminate deficiencies | 20 Jan 2023 | Deficiencies eliminated 13 Jan 2023 |
|
| Ä 10006692 / 50 2 Aug 2022 |
Amendment entry | In force 2 Aug 2022 |
||
| K 10006692 / 49 25 Oct 2021 |
Commercial pledge amended | In force 25 Oct 2021 |
||
| Ä 10006692 / 48 15 Oct 2020 |
Second (constitutive) merger entry | In force 15 Oct 2020 |
||
| Ä 10006692 / 47 6 Oct 2020 |
Amendment entry | In force 6 Oct 2020 |
||
| Ä 10006692 / 46 3 Aug 2020 |
Amendment entry | In force 3 Aug 2020 |
||
| Ä 10006692 / M13 24 Jul 2020 |
Procedural ruling | 1 Aug 2020 | In force 24 Jul 2020 |
|
| Ä 10006692 / 45 28 Oct 2019 |
Amendment under Commercial Code § 525 (2) | In force 28 Oct 2019 |
||
| Ä 10006692 / 44 3 Sep 2019 |
Amendment entry | In force 3 Sep 2019 |
||
| Ä 10006692 / 43 14 Sep 2018 |
Amendment entry | In force 14 Sep 2018 |
||
| Ä 10006692 / 42 19 Apr 2018 |
Amendment entry | In force 19 Apr 2018 |
||
| K 10006692 / 41 6 Feb 2018 |
Commercial pledge amended | In force 6 Feb 2018 |
||
| Ä 10006692 / 40 16 Jan 2018 |
Amendment entry | In force 16 Jan 2018 |
||
| Ä 10006692 / 39 9 Jan 2018 |
Amendment entry | In force 9 Jan 2018 |
||
| Ä 10006692 / M12 5 Jan 2018 |
Ruling to eliminate deficiencies | 15 Jan 2018 | Deficiencies eliminated 8 Jan 2018 |
|
| Ä 10006692 / 38 7 Nov 2017 |
Amendment entry | In force 7 Nov 2017 |
||
| Ä 10006692 / 37 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10006692 / 36 15 Sep 2017 |
Amendment entry | In force 15 Sep 2017 |
||
| Ä 10006692 / 35 7 Aug 2017 |
Amendment entry | In force 7 Aug 2017 |
||
| Ä 10006692 / M11 2 Aug 2017 |
Ruling to eliminate deficiencies | 17 Aug 2017 | Deficiencies eliminated 3 Aug 2017 |
|
| Ä 10006692 / 34 4 May 2017 |
Amendment entry | In force 4 May 2017 |
||
| Ä 10006692 / M10 3 May 2017 |
Ruling to eliminate deficiencies | 15 May 2017 | Deficiencies eliminated 3 May 2017 |
|
| Ä 10006692 / 33 23 Sep 2016 |
Amendment entry | In force 23 Sep 2016 |
||
| Ä 10006692 / 32 16 Sep 2016 |
Amendment entry | In force 16 Sep 2016 |
||
| Ä 10006692 / 31 14 Jul 2014 |
Amendment entry | In force 14 Jul 2014 |
||
| K 10006692 / 30 22 May 2014 |
Commercial pledge amended | In force 22 May 2014 |
||
| K 10006692 / 29 5 May 2014 |
Commercial pledge amended | In force 5 May 2014 |
||
| Ä 10006692 / 28 22 May 2012 |
Amendment entry | In force 22 May 2012 |
||
| Ä 10006692 / M9 7 May 2012 |
Ruling to eliminate deficiencies | 28 May 2012 | In force 7 May 2012 |
|
| Ä 10006692 / M8 9 Jun 2011 |
Ruling to eliminate deficiencies | 11 Jul 2011 | In force 9 Jun 2011 |
|
| Ä 10006692 / 27 9 Jun 2011 |
Amendment entry | In force 9 Jun 2011 |
||
| Ä 10006692 / M7 5 Jan 2011 |
Ruling to eliminate deficiencies | 17 Feb 2011 | In force 5 Jan 2011 |
|
| Ä 10006692 / 26 5 Jan 2011 |
Amendment entry | In force 5 Jan 2011 |
||
| K 10020591 / 9 3 Jan 2011 |
Commercial pledge deleted | In force 3 Jan 2011 |
||
| K 10020591 / 18 3 Jan 2011 |
Entry refused: deficiencies not eliminated | In force 4 Jan 2011 |
||
| K 10020591 / 17 3 Jan 2011 |
Commercial pledge entered | In force 3 Jan 2011 |
||
| K 10020591 / 16 3 Jan 2011 |
Commercial pledge entered | In force 3 Jan 2011 |
||
| K 10020591 / 15 3 Jan 2011 |
Commercial pledge entered | In force 3 Jan 2011 |
||
| K 10020591 / 14 3 Jan 2011 |
Commercial pledge deleted | In force 3 Jan 2011 |
||
| K 10020591 / 13 3 Jan 2011 |
Commercial pledge deleted | In force 3 Jan 2011 |
||
| K 10020591 / 12 3 Jan 2011 |
Commercial pledge deleted | In force 3 Jan 2011 |
||
| K 10020591 / 11 3 Jan 2011 |
Commercial pledge deleted | In force 3 Jan 2011 |
||
| K 10020591 / 10 3 Jan 2011 |
Commercial pledge deleted | In force 3 Jan 2011 |
||
| Ä 10006692 / M6 31 Dec 2010 |
Ruling to eliminate deficiencies | 31 Jan 2011 | In force 31 Dec 2010 |
|
| Ä 10006692 / 25 31 Dec 2010 |
Second (constitutive) merger entry | In force 31 Dec 2010 |
||
| Ä 10006692 / 24 10 Nov 2010 |
Amendment entry | In force 10 Nov 2010 |
||
| Ä 10006692 / M5 9 Nov 2010 |
Ruling to eliminate deficiencies | In force 9 Nov 2010 |
||
| Ä 6692 / 23 21 Oct 2009 |
Amendment entry | In force 21 Oct 2009 |
||
| Ä 6692 / 22 2 Apr 2009 |
Amendment entry | In force 2 Apr 2009 |
||
| Ä 6692 / M4 30 Mar 2009 |
Ruling to eliminate deficiencies | 30 Apr 2009 | In force 30 Mar 2009 |
|
| Ä 6692 / 21 6 Jan 2009 |
Amendment entry | In force 6 Jan 2009 |
||
| Ä 6692 / 20 3 Dec 2008 |
Deletion of activities from the registry card | In force 22 Dec 2008 |
||
| Ä 6692 / 19 11 Nov 2008 |
Amendment entry | In force 11 Nov 2008 |
||
| Ä 6692 / 18 26 Sep 2007 |
Amendment entry | In force 26 Sep 2007 |
||
| Ä 6692 / M3 23 Jul 2007 |
Appeal accepted for proceedings | In force 23 Jul 2007 |
||
| Ä 6692 / 17 23 Jul 2007 |
Amendment entry | In force 23 Jul 2007 |
||
| Ä 6692 / 16 6 Jul 2007 |
Entry refused: deficiencies not eliminated | In force 12 Jul 2007 |
||
| K 20591 / 8 15 Jun 2007 |
Commercial pledge entered | In force 15 Jun 2007 |
||
| Ä 6692 / 15 7 Jun 2007 |
Amendment entry | In force 7 Jun 2007 |
||
| K 20591 / 7 5 Apr 2007 |
Commercial pledge entered | In force 5 Apr 2007 |
||
| K 20591 / M2 5 Jan 2007 |
Ruling to eliminate deficiencies (to be served) | 10 Jun 2007 | In force 11 May 2007 |
|
| K 20591 / 6 13 Oct 2006 |
Commercial pledge entered | In force 13 Oct 2006 |
||
| Ä 6692 / 14 26 Sep 2006 |
Amendment entry | In force 26 Sep 2006 |
||
| K 20591 / 5 4 Aug 2006 |
Commercial pledge entered | In force 4 Aug 2006 |
||
| K 20591 / M1 25 Jul 2006 |
Ruling to eliminate deficiencies (to be served) | In force 31 Jul 2006 |
||
| Ä 6692 / 13 22 May 2006 |
Amendment entry | In force 22 May 2006 |
||
| Ä 6692 / 12 18 Apr 2006 |
Amendment entry | In force 18 Apr 2006 |
||
| Ä 6692 / M2 6 Apr 2006 |
Ruling to eliminate deficiencies (to be served) | 26 May 2006 | In force 10 Apr 2006 |
|
| Ä 6692 / 11 28 Nov 2005 |
Amendment entry | In force | ||
| Ä 6692 / 10 30 Aug 2005 |
Amendment entry | In force | ||
| Ä 6692 / 9 29 Mar 2005 |
Amendment entry | In force | ||
| Ä 6692 / 8 7 Jan 2003 |
Unpublished amendment entry | In force | ||
| Ä 6692 / 7 4 Oct 2002 |
Entry decision on the register’s own initiative | In force | ||
| Ä 6692 / 6 16 Sep 2002 |
Transformation entry without a new registry card | In force | ||
| K 20591 / 4 16 Sep 2002 |
Compliance with Commercial Code § 33 (7.1) | In force | ||
| K 20591 / 3 16 Sep 2002 |
Compliance with Commercial Code § 33 (7.1) | In force | ||
| Ä 6692 / 5 1 Aug 2002 |
Unpublished amendment entry | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data