OÜ Nordic Way

Active Registry code 11323462 OÜ Tallinn Registered 8 Feb 2007

OÜ Nordic Way is a OÜ based in Tallinn, registry code 11323462, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €9 470 with 1 employees.

Turnover

9 470 €

↓ 28.8% vs Q2 2026

State taxes

1 159 €

↓ 29.5% vs Q2 2026

Labour taxes

965 €

↓ 4.0% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Real estate activities · EMTAK 68

Turnover · Q3 2026 9 470 €

above 40% of companies

industry median 15 030 € · companies in the industry: 7 443
Labour taxes per employee 965 €

above 56% of companies

industry median 857 € · companies in the industry: 7 261
Revenue · 2025 164 620 €

above 91% of companies

industry median 13 620 € · companies in the industry: 30 471
Net profit margin · 2025 0.5 %

above 36% of companies

industry median 5.9 % · companies in the industry: 25 043

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 9 470 € · −28.8% vs Q2 2026 · industry median 15 030 € · above 40% of the industry

Company
Industry median

Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 965 € · −4.0% vs Q2 2026 · industry median 857 € · above 56% of the industry

Company
Industry median

Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 1 159 € · −29.5% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	9 470	1 159	965	1
Q2 2026	13 300	1 643	1 005	1
Q1 2026	30 158	3 140	891	1
Q4 2025	18 864	—	521	1
Q3 2025	37 509	—	—	1
Q2 2025	59 991	6 081	—	—
Q1 2025	60 614	1 847	—	—
Q4 2024	135 158	—	—	—
Q3 2024	89 806	—	—	—
Q2 2024	93 507	—	526	—
Q1 2024	63 800	9 474	2 747	—
Q4 2023	24 169	—	—	—
Q3 2023	126 480	17 264	—	1
Q2 2023	102 084	2 285	21	1
Q1 2023	181 024	—	630	1
Q4 2022	106 503	17 288	—	1
Q3 2022	34 145	6 669	—	—
Q2 2022	51 183	2 013	304	—
Q1 2022	17 275	1 482	38	—

Labour taxes per employee per month

322 €

Turnover per employee in the quarter

9 470 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 164 620 € · −57.5% vs 2024 · industry median 13 620 € · above 91% of the industry

Company
Industry median

Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 762 € · −99.1% vs 2024 · industry median 283 € · above 56% of the industry

Company
Industry median

Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 0.5 % · −20.6 pp vs the year before · industry median 5.9 % · above 36% of the industry

Company
Industry median

Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 1 611 415 € · −5.5% vs 2024

Equity, € thousand 2025: 1 190 611 € · +0.1% vs 2024

Employees 2025: 1 · industry median 1 · above 5% of the industry

Company
Industry median

Industry: Real estate activities (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	164 620	762	3 096	1 611 415	1 190 611	1
2024	387 689	81 804	0	1 705 514	1 189 849	0
2023	312 895	130 398	1 230	665 807	475 579	1
2022	265 467	83 662	0	623 921	385 506	0
2021	83 756	70 893	0	588 495	353 995	0
2020	54 090	58 284	0	549 824	331 680	0
2019	201 297	44 787	0	526 269	302 362	0
2018	—	—	—	—	—	0
2017	—	—	—	—	—	0
2016	—	—	—	—	—	0
2015	—	—	—	—	—	0
2014	—	—	—	—	—	1
2013	—	—	—	—	—	1
2012	—	—	—	—	—	1
2011	—	—	—	—	—	0
2010	—	—	—	—	—	1
2009	—	—	—	—	—	0
2008	—	—	—	—	—	0
2007	—	—	—	—	—	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

0.5 %

Net profit / revenue

Return on equity (ROE)

0.1 %

Net profit / equity

Return on assets (ROA)

0.0 %

Net profit / assets

Equity ratio

73.9 %

Equity / assets

Debt ratio

26.1 %

Liabilities / assets

Current ratio

4.16

Current assets / current liabilities

Revenue per employee

164 620 €

Revenue / average full-time employees

Labour cost per employee per month

258 €

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	30 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	13 May 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	28 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	5 Aug 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	22 Jan 2021	Company’s own	e-Äriregister

Board

Velvo Vaht
Board member · since 8 Feb 2007

Right of representation

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

Owners

Velvo Vaht
Natural person · 2 556 €

100%

Owner in

Beneficial owners

Velvo Vaht
Direct ownership · since 23 Oct 2018

Founders and other persons

Velvo Vaht
Founder · 40 000 € · 23 Jan 2007

shared board members, owners or beneficial owners

Activities (EMTAK)

68201Rental and operating of own or leased real estate Main
70201Business and other management consultancy activities

Rulings 12

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 10147515 / 8 12 Feb 2024	Third (informative) division entry	In force 12 Feb 2024	PDF
Ä 10147515 / 7 12 Feb 2024	First (declaratory) division entry	In force 12 Feb 2024	PDF
Ä 10147515 / 6 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 10147515 / 5 19 Jan 2018	Amendment entry	In force 19 Jan 2018	PDF
Ä 10147515 / 4 4 Dec 2017	Amendment entry	In force 4 Dec 2017	PDF
Ä 10147515 / 3 13 Jan 2016	Amendment entry	In force 13 Jan 2016	PDF
Ä 10147515 / 2 3 Dec 2014	Amendment under Commercial Code § 525 (2)	In force 3 Dec 2014	PDF
Ä 10147515 12 Apr 2011	Amendment entry	In force 12 Apr 2011	PDF
Ä 30032913 / 2 9 Sep 2010	Amendment entry	In force 9 Sep 2010	PDF
Ä 30032913 / M2 9 Jul 2010	Ruling to eliminate deficiencies	In force 9 Jul 2010	PDF
Ä 32913 8 Feb 2007	First entry	In force 8 Feb 2007	PDF
Ä 32913 / M1 30 Jan 2007	Ruling to eliminate deficiencies (to be served)	Deficiencies eliminated 30 Jan 2007	PDF

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

OÜ Nordic Way

Position in the industry Real estate activities · EMTAK 68

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 12