Nortal AS
Active Registry code 10391131
AS Tallinn Registered 20 Feb 1998
Nortal AS is a AS based in Tallinn, registry code 10391131, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €29 749 817 with 368 employees.
Turnover
29 749 817 €
↑ 99.4% vs Q2 2026
State taxes
3 978 692 €
↑ 8.2% vs Q2 2026
Labour taxes
2 827 259 €
↑ 2.3% vs Q2 2026
Employees
368
+12 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 29.7 mn €above 98% of companiesindustry median 19 078 € · companies in the industry: 7 345
- Labour taxes per employee 7 683 €above 90% of companiesindustry median 2 345 € · companies in the industry: 2 783
- Revenue · 2025 64.4 mn €above 98% of companiesindustry median 14 309 € · companies in the industry: 13 336
- Net profit margin · 2025 11.0 %above 46% of companiesindustry median 15.1 % · companies in the industry: 8 943
Taxes and turnover
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (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 | 29 749 817 | 3 978 692 | 2 827 259 | 368 |
| Q2 2026 | 14 920 312 | 3 677 034 | 2 762 582 | 356 |
| Q1 2026 | 64 852 805 | 4 545 083 | 2 770 242 | 367 |
| Q4 2025 | 12 013 040 | 3 885 808 | 2 825 625 | 357 |
| Q3 2025 | 11 694 332 | 3 401 362 | 2 860 768 | 359 |
| Q2 2025 | 11 339 111 | 3 370 654 | 2 814 691 | 348 |
| Q1 2025 | 55 102 823 | 4 379 122 | 2 666 445 | 347 |
| Q4 2024 | 13 183 088 | 3 720 515 | 2 607 995 | 345 |
| Q3 2024 | 11 082 094 | 3 679 443 | 2 830 189 | 350 |
| Q2 2024 | 11 220 658 | 3 988 990 | 2 983 629 | 369 |
| Q1 2024 | 64 368 962 | 4 563 233 | 2 781 451 | 384 |
| Q4 2023 | 11 042 909 | 3 615 824 | 2 710 587 | 387 |
| Q3 2023 | 10 708 478 | 3 643 885 | 2 791 338 | 392 |
| Q2 2023 | 9 181 436 | 3 445 839 | 2 877 011 | 403 |
| Q1 2023 | 52 480 675 | 3 741 977 | 2 644 147 | 389 |
| Q4 2022 | 8 612 479 | 3 017 960 | 2 593 337 | 387 |
| Q3 2022 | 7 241 017 | 2 918 123 | 2 532 906 | 385 |
| Q2 2022 | 12 769 344 | 3 111 967 | 2 488 008 | 378 |
| Q1 2022 | 28 966 602 | 3 264 450 | 2 095 885 | 366 |
Labour taxes per employee per month
2 561 €
Turnover per employee in the quarter
80 842 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 64 414 460 | 7 062 000 | 25 836 000 | 164 759 000 | 69 446 000 | 361 |
| 2024 | 62 728 921 | 36 532 000 | 25 774 000 | 129 514 000 | 67 030 000 | 345 |
| 2023 | 66 190 878 | 11 509 000 | 27 182 000 | 95 867 000 | 31 773 000 | 386 |
| 2022 | 51 676 416 | 22 598 000 | 24 945 000 | 92 409 000 | 26 687 000 | 390 |
| 2021 | 34 899 709 | 7 735 000 | 19 495 000 | 70 472 000 | 9 507 000 | 337 |
| 2020 | 31 091 298 | 4 311 000 | 16 838 000 | 71 763 000 | 7 232 000 | 322 |
| 2019 | 32 166 076 | 2 216 000 | 16 583 000 | 66 287 000 | 6 298 000 | 335 |
| 2018 | — | — | — | — | — | 333 |
| 2017 | — | — | — | — | — | 295 |
| 2016 | — | — | — | — | — | 238 |
| 2015 | — | — | — | — | — | 239 |
| 2014 | — | — | — | — | — | 290 |
| 2013 | — | — | — | — | — | 268 |
| 2012 | — | — | — | — | — | 358 |
| 2010 | — | — | — | — | — | 252 |
| 2009 | — | — | — | — | — | 210 |
| 2008 | — | — | — | — | — | 201 |
| 2007 | — | — | — | — | — | 179 |
| 2006 | — | — | — | — | — | 164 |
| 2005 | — | — | — | — | — | 95 |
| 2004 | — | — | — | — | — | 47 |
| 2003 | — | — | — | — | — | 30 |
| 2002 | — | — | — | — | — | 30 |
| 2001 | — | — | — | — | — | 27 |
| 1999 | — | — | — | — | — | 1 |
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
11.0 %
Net profit / revenue
Return on equity (ROE)
10.2 %
Net profit / equity
Return on assets (ROA)
4.3 %
Net profit / assets
Equity ratio
42.2 %
Equity / assets
Debt ratio
57.8 %
Liabilities / assets
Current ratio
0.92
Current assets / current liabilities
Revenue per employee
178 432 €
Revenue / average full-time employees
Labour cost per employee per month
5 964 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 16 Jun 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 17 Jun 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 17 Jun 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 14 Jun 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 30 Jun 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Jun 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 25 Jun 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 6 | 5 800 000 € | Swedbank AS | 20 Mar 2024 – in force |
| 5 | 2 041 326 € | Swedbank AS | 4 Aug 2011 – in force |
| 4 | 15 000 000 EEK | Swedbank AS | 4 Aug 2011 – in force |
| 3 | 15 000 000 EEK | aktsiaselts Hansapank | 18 Sep 2008 – in force |
| 2 | 21 000 000 EEK | aktsiaselts Hansapank | 29 Aug 2007 – in force |
| 1 | 9 000 000 EEK | aktsiaselts Hansapank | 8 Dec 2004 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Andre KrullBoard member · since 4 Aug 2011
- Priit AlamäeBoard member · since 4 Aug 2011
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 100%
- 100%
- 100%
Beneficial owners
- Priit AlamäeIndirect ownership · since 1 Sep 2018
Founders and other persons
- Ernst & Young Baltic ASAudit firm · 25 May 2012
- Martin AasChairman of the supervisory board · 18 Nov 2025
- Evelin KoitmaaSupervisory board member · 1 Jun 2022
- Piret RoosSupervisory board member · 1 Jun 2022
- Omanikukonto: NORTAL GROUP HOLDING OÜShareholder · 1 881 322 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 62101Computer programming activities Main
- 70101Activities of head offices
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10025589 / 31 1 Jun 2026 |
Amendment entry | In force 1 Jun 2026 |
||
| Ä 10025589 / 30 17 Mar 2026 |
Amendment entry | In force 17 Mar 2026 |
||
| Ä 10025589 / 29 10 Oct 2025 |
Amendment entry | In force 10 Oct 2025 |
||
| Ä 10025589 / 28 26 Sep 2024 |
Amendment entry | In force 26 Sep 2024 |
||
| K 10025589 / 27 20 Mar 2024 |
Commercial pledge entered | In force 20 Mar 2024 |
||
| Ä 10025589 / 26 12 Jul 2023 |
Amendment entry | In force 12 Jul 2023 |
||
| Ä 10025589 / 25 29 Sep 2021 |
Amendment entry | In force 29 Sep 2021 |
||
| Ä 10025589 / M8 13 Sep 2021 |
Procedural ruling | 23 Sep 2021 | In force 13 Sep 2021 |
|
| Ä 10025589 / 24 17 Mar 2021 |
Amendment entry | In force 17 Mar 2021 |
||
| Ä 10025589 / M7 8 Mar 2021 |
Ruling to correct data outside an entry | 23 Mar 2021 | Deficiencies eliminated 17 Mar 2021 |
|
| Ä 10025589 / M6 3 Mar 2021 |
Ruling to correct data outside an entry | 2 Apr 2021 | Deficiencies eliminated 17 Mar 2021 |
|
| Ä 10025589 / 23 28 Sep 2018 |
Amendment entry | In force 28 Sep 2018 |
||
| Ä 10025589 / M5 26 Sep 2018 |
Ruling to eliminate deficiencies | 10 Oct 2018 | Deficiencies eliminated 28 Sep 2018 |
|
| Ä 10025589 / 22 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10025589 / 21 3 Dec 2017 |
Amendment entry | In force 3 Dec 2017 |
||
| Ä 10025589 / 20 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10025589 / 19 17 Jan 2017 |
Amendment entry | In force 17 Jan 2017 |
||
| Ä 10025589 / 18 12 Jan 2017 |
Amendment entry | In force 12 Jan 2017 |
||
| Ä 10025589 / 17 19 Dec 2016 |
Amendment entry | In force 19 Dec 2016 |
||
| Ä 10025589 / 16 14 Sep 2016 |
Amendment entry | In force 14 Sep 2016 |
||
| Ä 10025589 / 15 9 Jul 2015 |
Amendment entry | In force 9 Jul 2015 |
||
| Ä 10025589 / 14 18 May 2015 |
Amendment entry | In force 18 May 2015 |
||
| Ä 10025589 / M4 17 May 2015 |
Ruling to eliminate deficiencies | 16 Jun 2015 | Deficiencies eliminated 18 May 2015 |
|
| Ä 10025589 / 13 8 Sep 2014 |
Amendment entry | In force 8 Sep 2014 |
||
| Ä 10025589 / 12 9 Jul 2014 |
Amendment entry | In force 9 Jul 2014 |
||
| Ä 10025589 / 11 20 Mar 2014 |
Amendment entry | In force 20 Mar 2014 |
||
| Ä 10025589 / 10 2 Apr 2013 |
Amendment entry | In force 2 Apr 2013 |
||
| Ä 10025589 / 9 31 Oct 2012 |
Amendment entry | In force 31 Oct 2012 |
||
| Ä 10025589 / M3 25 Oct 2012 |
Ruling to eliminate deficiencies | 30 Nov 2012 | In force 25 Oct 2012 |
|
| Ä 10025589 / 8 28 May 2012 |
Amendment entry | In force 28 May 2012 |
||
| K 10158729 / 7 28 May 2012 |
Compliance with Commercial Code § 33 (7.1) | In force 28 May 2012 |
||
| K 10158729 / 6 28 May 2012 |
Compliance with Commercial Code § 33 (7.1) | In force 28 May 2012 |
||
| K 10158729 / 5 28 May 2012 |
Compliance with Commercial Code § 33 (7.1) | In force 28 May 2012 |
||
| K 10158729 / 4 28 May 2012 |
Compliance with Commercial Code § 33 (7.1) | In force 28 May 2012 |
||
| K 10158729 / 3 28 May 2012 |
Compliance with Commercial Code § 33 (7.1) | In force 28 May 2012 |
||
| Ä 10025589 / 7 25 Aug 2011 |
Amendment entry | In force 25 Aug 2011 |
||
| Ä 10025589 / 6 23 Aug 2011 |
Amendment entry | In force 23 Aug 2011 |
||
| Ä 10025589 / 5 4 Aug 2011 |
Amendment entry | In force 4 Aug 2011 |
||
| K 10158729 / 2 4 Aug 2011 |
Commercial pledge entered | In force 4 Aug 2011 |
||
| K 10158729 4 Aug 2011 |
Commercial pledge entered | In force 4 Aug 2011 |
||
| Ä 20018009 / 21 2 Aug 2011 |
Second (constitutive) merger entry | In force 2 Aug 2011 |
||
| K 20027977 / 6 2 Aug 2011 |
Change of registry district | In force 2 Aug 2011 |
||
| K 20027977 / 5 2 Aug 2011 |
Change of registry district | In force 2 Aug 2011 |
||
| K 20027977 / 4 2 Aug 2011 |
Change of registry district | In force 2 Aug 2011 |
||
| Ä 20018009 / M13 1 Aug 2011 |
Ruling to eliminate deficiencies | 1 Sep 2011 | In force 1 Aug 2011 |
|
| Ä 20018009 / M12 2 Feb 2011 |
Ruling to be served | 3 Mar 2011 | Deficiencies eliminated 2 Feb 2011 |
|
| Ä 20018009 / 20 1 Sep 2010 |
Amendment entry | In force 1 Sep 2010 |
||
| Ä 18009 / 19 27 Aug 2009 |
Amendment entry | In force 27 Aug 2009 |
||
| Ä 18009 / M11 14 Jul 2009 |
Ruling to eliminate deficiencies | 14 Sep 2009 | In force 14 Jul 2009 |
|
| Ä 18009 / M10 25 May 2009 |
Ruling to be served | 27 Jul 2009 | In force 27 May 2009 |
|
| Ä 18009 / 18 3 Dec 2008 |
Deletion of activities from the registry card | In force 19 Dec 2008 |
||
| K 27977 / 3 18 Sep 2008 |
Commercial pledge entered | In force 18 Sep 2008 |
||
| Ä 18009 / 17 9 Sep 2008 |
Amendment entry | In force 9 Sep 2008 |
||
| Ä 18009 / 16 2 May 2008 |
Amendment entry | In force 2 May 2008 |
||
| Ä 18009 / M9 21 Apr 2008 |
Ruling to eliminate deficiencies (to be served) | 21 Jun 2008 | In force 22 Apr 2008 |
|
| Ä 18009 / M8 19 Mar 2008 |
Ruling to be served | In force 24 Mar 2008 |
||
| K 27977 / 2 29 Aug 2007 |
Commercial pledge entered | In force 29 Aug 2007 |
||
| Ä 18009 / 15 18 Sep 2006 |
Amendment entry | In force 18 Sep 2006 |
||
| Ä 18009 / 14 22 Jul 2005 |
Amendment entry | In force | ||
| Ä 18009 / 13 26 Apr 2005 |
Amendment entry | In force | ||
| Ä 18009 / 12 22 Apr 2005 |
Amendment entry | In force | ||
| Ä 18009 / 11 11 Apr 2005 |
Amendment entry | In force | ||
| Ä 18009 / 10 21 Dec 2004 |
Amendment entry | In force | ||
| K 27977 7 Dec 2004 |
Commercial pledge entered | In force | ||
| Ä 18009 / 9 23 Apr 2004 |
Amendment entry | In force | ||
| Ä 18009 / 8 9 Apr 2003 |
Amendment entry | In force | ||
| Ä 18009 / 7 7 Oct 2002 |
Entry decision on the register’s own initiative | In force | ||
| Ä 18009 / 6 4 Jun 2002 |
Transformation entry without a new registry card | In force | ||
| Ä 18009 / M7 2 Apr 2002 |
Ruling to eliminate deficiencies (to be served) | 2 Jun 2002 | In force | |
| Ä 18009 / 5 26 Mar 2002 |
Unpublished amendment entry | In force | ||
| Ä 18009 / M6 19 Mar 2002 |
Ruling to eliminate deficiencies (to be served) | 30 Apr 2002 | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data