Osaühing Nordic Hotels
Active Registry code 11149337
OÜ Tallinn Registered 27 Jun 2005
Osaühing Nordic Hotels is a OÜ based in Tallinn, registry code 11149337, status: active. Main activity: Hotels. According to EMTA, turnover for Q3 2026 was €3 114 419 with 139 employees.
Turnover
3 114 419 €
↑ 24.7% vs Q2 2026
State taxes
422 047 €
↑ 22.5% vs Q2 2026
Labour taxes
333 077 €
↑ 13.6% vs Q2 2026
Employees
139
−12 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 3.1 mn €above 98% of companiesindustry median 14 443 € · companies in the industry: 1 209
- Labour taxes per employee 2 396 €above 87% of companiesindustry median 1 201 € · companies in the industry: 655
- Revenue · 2025 9.8 mn €above 98% of companiesindustry median 12 949 € · companies in the industry: 2 211
- Net profit margin · 2025 3.0 %above 48% of companiesindustry median 3.6 % · companies in the industry: 1 824
Taxes and turnover
- Company
- Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Accommodation (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 | 3 114 419 | 422 047 | 333 077 | 139 |
| Q2 2026 | 2 497 692 | 344 502 | 293 306 | 151 |
| Q1 2026 | 2 093 212 | 313 623 | 320 765 | 136 |
| Q4 2025 | 2 618 041 | 360 587 | 314 781 | 139 |
| Q3 2025 | 3 271 654 | 451 279 | 358 669 | 132 |
| Q2 2025 | 2 418 822 | 362 636 | 309 668 | 150 |
| Q1 2025 | 2 185 487 | 313 908 | 316 342 | 135 |
| Q4 2024 | 2 444 989 | 299 556 | 318 887 | 143 |
| Q3 2024 | 3 225 894 | 295 726 | 314 822 | 145 |
| Q2 2024 | 2 542 712 | 275 201 | 287 313 | 138 |
| Q1 2024 | 2 413 613 | 302 598 | 289 951 | 135 |
| Q4 2023 | 2 517 297 | 269 009 | 281 486 | 130 |
| Q3 2023 | 2 993 751 | 281 966 | 298 652 | 129 |
| Q2 2023 | 2 521 041 | 242 504 | 258 597 | 126 |
| Q1 2023 | 2 141 298 | 254 099 | 270 433 | 123 |
| Q4 2022 | 2 314 900 | 241 333 | 256 665 | 129 |
| Q3 2022 | 2 465 541 | 238 345 | 253 734 | 130 |
| Q2 2022 | 1 985 281 | 187 064 | 198 910 | 130 |
| Q1 2022 | 1 025 902 | 159 374 | 170 448 | 108 |
Labour taxes per employee per month
799 €
Turnover per employee in the quarter
22 406 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Accommodation (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Accommodation (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 | 9 775 513 | 292 224 | 3 254 692 | 2 262 956 | 1 365 047 | 101 |
| 2024 | 10 071 388 | 52 946 | 3 118 863 | 2 219 849 | 1 072 823 | 101 |
| 2023 | 10 021 089 | 344 663 | 2 898 542 | 2 437 203 | 1 019 877 | 98 |
| 2022 | 7 896 078 | -96 447 | 2 418 326 | 2 368 420 | 675 214 | 91 |
| 2021 | 1 775 864 | -654 147 | 874 898 | 2 373 500 | 771 661 | 34 |
| 2020 | 1 849 374 | -1 227 502 | 1 377 557 | 1 470 673 | 1 425 808 | 65 |
| 2019 | 8 802 124 | 746 779 | 2 383 113 | 3 799 482 | 3 078 310 | 123 |
| 2018 | — | — | — | — | — | 128 |
| 2017 | — | — | — | — | — | 120 |
| 2016 | — | — | — | — | — | 120 |
| 2015 | — | — | — | — | — | 122 |
| 2014 | — | — | — | — | — | 115 |
| 2013 | — | — | — | — | — | 117 |
| 2012 | — | — | — | — | — | 112 |
| 2011 | — | — | — | — | — | 101 |
| 2010 | — | — | — | — | — | 98 |
| 2008 | — | — | — | — | — | 93 |
| 2007 | — | — | — | — | — | 97 |
| 2006 | — | — | — | — | — | 3 |
| 2005 | — | — | — | — | — | 2 |
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
3.0 %
Net profit / revenue
Return on equity (ROE)
21.4 %
Net profit / equity
Return on assets (ROA)
12.9 %
Net profit / assets
Equity ratio
60.3 %
Equity / assets
Debt ratio
39.7 %
Liabilities / assets
Current ratio
1.61
Current assets / current liabilities
Revenue per employee
96 787 €
Revenue / average full-time employees
Labour cost per employee per month
2 685 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 6 Apr 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 20 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 9 Feb 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 1 Feb 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 1 Mar 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 18 Feb 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 28 Feb 2020 | Company’s own · audited | e-Äriregister |
Board
- Feliks MägusBoard member · since 10 Oct 2005
- Karin Põldma-LillBoard member · since 19 Jan 2026
- Sten-Erik MägusBoard member · since 19 Jan 2026
- Nasdaq CSD SEKeeper of the share register · since 28 Sep 2017
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Omanikukonto: TIITER OÜLegal person · 10845342 · 66 236 €
Beneficial owners
- Feliks MägusDirect ownership · since 11 Sep 2018
Founders and other persons
- Harri VeeringFounder · 40 000 € · 27 Jun 2005
- Audit & Review OÜAudit firm · 9 Jan 2026
- Mati NõmmisteAuditor who valued a non-monetary contribution · 5 Oct 2007
Related companies
Activities (EMTAK)
- 55101Hotels Main
- 56111Activities of restaurants and cafes
- 96999Other personal service activities n.e.c.
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10089697 / 29 19 Jan 2026 |
Amendment entry | In force 19 Jan 2026 |
||
| Ä 10089697 / 28 13 Jan 2026 |
Entry refused | In force 29 Jan 2026 |
||
| Ä 10089697 / 27 9 Jan 2026 |
Amendment entry | In force 9 Jan 2026 |
||
| Ä 10089697 / 26 10 Sep 2020 |
Amendment entry | In force 10 Sep 2020 |
||
| K 10089697 / 25 25 Mar 2019 |
Commercial pledge deleted | In force 25 Mar 2019 |
||
| Ä 10089697 / 24 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10089697 / 23 8 Nov 2017 |
Amendment entry | In force 8 Nov 2017 |
||
| Ä 10089697 / 22 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10089697 / 21 3 Mar 2017 |
Division entry (second, constitutive) | In force 3 Mar 2017 |
||
| Ä 10089697 / 20 8 Sep 2016 |
Amendment entry | In force 8 Sep 2016 |
||
| Ä 10089697 / 19 7 Oct 2013 |
Amendment entry | In force 7 Oct 2013 |
||
| Ä 10089697 / 18 25 Jun 2013 |
Entry refused | In force 10 Jul 2013 |
||
| Ä 10089697 / 17 10 Apr 2013 |
Entry refused | In force 25 Apr 2013 |
||
| Ä 10089697 / 16 5 Oct 2012 |
Amendment entry | In force 5 Oct 2012 |
||
| Ä 10089697 / 15 29 Jun 2012 |
Amendment entry | In force 29 Jun 2012 |
||
| Ä 10089697 / M10 27 Jun 2012 |
Ruling to eliminate deficiencies | 12 Jul 2012 | Deficiencies eliminated 27 Jun 2012 |
|
| Ä 10089697 / M9 5 Apr 2012 |
Ruling to eliminate deficiencies | 16 Jul 2012 | Deficiencies eliminated 19 Jun 2012 |
|
| Ä 10089697 / 14 28 Mar 2012 |
Entry refused: deficiencies not eliminated | In force 2 Apr 2012 |
||
| Ä 10089697 / 13 11 Oct 2011 |
Second (constitutive) merger entry | In force 11 Oct 2011 |
||
| Ä 10089697 / 12 28 Mar 2011 |
Amendment entry | In force 28 Mar 2011 |
||
| Ä 10089697 / M8 25 Mar 2011 |
Ruling to eliminate deficiencies | 20 Apr 2011 | Deficiencies eliminated 25 Mar 2011 |
|
| Ä 10089697 / 11 9 Mar 2011 |
Amendment entry | In force 9 Mar 2011 |
||
| Ä 10089697 / M7 14 Feb 2011 |
Ruling to eliminate deficiencies | 10 Apr 2011 | Deficiencies eliminated 25 Mar 2011 |
|
| Ä 89697 / 10 9 Dec 2008 |
Amendment entry | In force 9 Dec 2008 |
||
| Ä 89697 / M6 3 Dec 2008 |
Ruling to eliminate deficiencies (to be served) | 3 Jan 2009 | In force 4 Dec 2008 |
|
| Ä 89697 / 9 3 Dec 2008 |
Deletion of activities from the registry card | In force 3 Dec 2008 |
||
| Ä 89697 / M5 28 Nov 2008 |
Ruling to eliminate deficiencies (to be served) | 28 Dec 2008 | In force 28 Nov 2008 |
|
| Ä 89697 / M4 3 Nov 2008 |
Ruling to eliminate deficiencies (to be served) | 8 Jan 2009 | In force 4 Dec 2008 |
|
| Ä 89697 / M3 27 Oct 2008 |
Ruling to eliminate deficiencies (to be served) | 26 Nov 2008 | In force 27 Oct 2008 |
|
| Ä 89697 / 8 29 Sep 2008 |
Amendment entry | In force 29 Sep 2008 |
||
| Ä 89697 / M2 28 May 2008 |
Refund of the state fee | In force 28 May 2008 |
||
| Ä 89697 / 7 27 Nov 2007 |
Amendment entry | In force 27 Nov 2007 |
||
| Ä 89697 / M1 12 Nov 2007 |
Ruling to eliminate deficiencies (to be served) | 12 Dec 2007 | In force 12 Nov 2007 |
|
| K 113345 29 Oct 2007 |
Commercial pledge entered | In force 29 Oct 2007 |
||
| Ä 89697 / 6 18 Apr 2007 |
Note on registration of shares in the Estonian central register of securities | In force 18 Apr 2007 |
||
| Ä 89697 / 5 18 Apr 2007 |
Amendment entry | In force 18 Apr 2007 |
||
| Ä 89697 / 4 5 Dec 2006 |
Amendment entry | In force 5 Dec 2006 |
||
| Ä 89697 / 3 28 Nov 2005 |
Amendment entry | In force | ||
| Ä 89697 / 2 10 Oct 2005 |
Amendment entry | In force | ||
| Ä 89697 27 Jun 2005 |
First entry | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data