Nicorex Baltic OÜ

Active Registry code 11246738 OÜ Peetri alevik Registered 24 Apr 2006

Nicorex Baltic OÜ is a OÜ based in Peetri alevik, registry code 11246738, status: active. Main activity: Wholesale of tobacco products. According to EMTA, turnover for Q3 2026 was €5 060 858 with 88 employees.

Turnover

5 060 858 €

↑ 4.3% vs Q2 2026

State taxes

2 093 941 €

↑ 16.0% vs Q2 2026

Labour taxes

221 605 €

↑ 10.4% vs Q2 2026

Employees

+12 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 5.1 mn €

above 98% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 2 518 €

above 57% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 13.9 mn €

above 98% of companies

industry median 63 691 € · companies in the industry: 10 038
Net profit margin · 2025 4.3 %

above 57% of companies

industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 5 060 858 € · +4.3% vs Q2 2026 · industry median 60 065 € · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 518 € · −4.6% vs Q2 2026 · industry median 2 104 € · above 57% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 88 · +15.8% vs Q2 2026

State taxes, € thousand Q3 2026: 2 093 941 € · +16.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	5 060 858	2 093 941	221 605	88
Q2 2026	4 851 354	1 805 781	200 709	76
Q1 2026	4 753 478	1 723 323	202 575	78
Q4 2025	4 508 959	2 072 720	212 925	80
Q3 2025	5 058 840	2 081 398	221 500	77
Q2 2025	4 545 938	1 654 580	204 669	74
Q1 2025	4 367 107	1 847 557	197 508	73
Q4 2024	4 642 850	1 826 769	219 881	73
Q3 2024	5 530 687	1 996 782	252 791	76
Q2 2024	5 552 761	1 995 956	210 475	81
Q1 2024	5 290 596	1 728 837	202 869	77
Q4 2023	6 056 688	1 558 229	210 946	76
Q3 2023	6 002 609	1 667 786	267 189	77
Q2 2023	5 753 562	1 420 846	212 790	81
Q1 2023	5 554 672	1 285 710	215 001	74
Q4 2022	5 233 512	760 002	215 395	66
Q3 2022	5 592 334	497 212	179 141	61
Q2 2022	4 455 187	412 529	159 181	53
Q1 2022	4 021 972	454 682	165 809	54

Labour taxes per employee per month

839 €

Turnover per employee in the quarter

57 510 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 13 885 593 € · −10.2% vs 2024 · industry median 63 691 € · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 592 325 € · −55.1% vs 2024 · industry median 127 € · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 4.3 % · −4.3 pp vs the year before · industry median 2.7 % · above 57% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 5 183 221 € · −28.5% vs 2024

Equity, € thousand 2025: 2 207 810 € · −35.4% vs 2024

Employees 2025: 63 · −1.6% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	13 885 593	592 325	2 063 806	5 183 221	2 207 810	63
2024	15 460 072	1 318 354	2 068 877	7 248 518	3 415 499	64
2023	21 229 525	1 303 094	2 117 455	7 031 906	4 097 145	65
2022	17 398 347	2 497 678	1 803 304	7 960 532	3 829 586	55
2021	10 470 259	1 298 301	1 412 071	3 764 863	1 831 908	50
2020	6 703 812	568 460	1 170 807	1 833 629	983 607	50
2019	5 554 135	445 478	1 093 385	1 606 051	895 147	47
2018	—	—	—	—	—	49
2017	—	—	—	—	—	28
2016	—	—	—	—	—	23
2015	—	—	—	—	—	23
2014	—	—	—	—	—	19
2013	—	—	—	—	—	7
2012	—	—	—	—	—	0
2011	—	—	—	—	—	0
2010	—	—	—	—	—	0
2009	—	—	—	—	—	0
2007	—	—	—	—	—	0
2006	—	—	—	—	—	0

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

4.3 %

Net profit / revenue

Return on equity (ROE)

26.8 %

Net profit / equity

Return on assets (ROA)

11.4 %

Net profit / assets

Equity ratio

42.6 %

Equity / assets

Debt ratio

57.4 %

Liabilities / assets

Current ratio

1.67

Current assets / current liabilities

Revenue per employee

220 422 €

Revenue / average full-time employees

Labour cost per employee per month

2 730 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	29 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	28 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	5 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	28 Jun 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	29 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	27 Oct 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
2	200 000 €	Swedbank AS	30 May 2018 – in force
1	200 000 €	Swedbank AS	28 Jun 2017 – in force

Board

Toomas Viilo
Board member · since 8 May 2006
Sven Kotke
Board member · since 8 Jan 2013
Diane Sirelpuu
Procurator · since 3 Jul 2020

Right of representation

Any member of the management board may represent the private limited company in all transactions.

Any procurator may represent the private limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

Sven Kotke
Natural person · 1 214 €

47.50%
Toomas Viilo
Natural person · 1 214 €

47.50%
Diane Sirelpuu
Natural person · 128 €

5.01%

Owner in

DeSign DV OÜ
10.01%

Beneficial owners

Diane Sirelpuu
Member of a senior management body (management or supervisory board) · since 19 Jun 2023
Sven Kotke
Direct ownership · since 15 Oct 2018
Toomas Viilo
Direct ownership · since 15 Oct 2018

Founders and other persons

Osaühing EuroConsult
Founder · 40 000 € · 24 Apr 2006
Alar Heinaste
Audit firm · 23 Oct 2020

shared board members, owners or beneficial owners

Activities (EMTAK)

46351Wholesale of tobacco products Main
47261Retail sale of tobacco products

Rulings 16

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 10098015 / 16 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 10098015 / 15 5 Dec 2022	Amendment entry	In force 5 Dec 2022	PDF
Ä 10098015 / 14 3 Jul 2020	Amendment entry	In force 3 Jul 2020	PDF
Ä 10098015 / 13 6 Aug 2018	Second (constitutive) merger entry	In force 6 Aug 2018	PDF
K 10098015 / 12 30 May 2018	Commercial pledge entered	In force 30 May 2018	PDF
Ä 10098015 / 11 17 Jan 2018	Amendment entry	In force 17 Jan 2018	PDF
Ä 10098015 / 10 30 Nov 2017	Amendment entry	In force 30 Nov 2017	PDF
K 10098015 / 9 28 Jun 2017	Commercial pledge entered	In force 28 Jun 2017	PDF
Ä 10098015 / 8 9 Sep 2016	Amendment entry	In force 9 Sep 2016	PDF
Ä 10098015 / 7 25 Jan 2016	Amendment entry	In force 25 Jan 2016	PDF
Ä 10098015 / 6 30 Aug 2013	Amendment under Commercial Code § 525 (2)	In force 30 Aug 2013	PDF
Ä 10098015 / 5 8 Jan 2013	Amendment entry	In force 8 Jan 2013	PDF
Ä 10098015 / 4 8 Jan 2013	Amendment entry	In force 8 Jan 2013	PDF
Ä 98015 / 3 3 Dec 2008	Deletion of activities from the registry card	In force 5 Dec 2008	PDF
Ä 98015 / 2 8 May 2006	Amendment entry	In force 8 May 2006	PDF
Ä 98015 24 Apr 2006	First entry	In force 24 Apr 2006	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Nicorex Baltic OÜ

Position in the industry Wholesale trade · EMTAK 46

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 16