Northman OÜ

Active Registry code 11960631 OÜ Tartu linn Registered 29 Jun 2010
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Northman OÜ is a OÜ based in Tartu linn, registry code 11960631, status: active. Main activity: Construction of residential and non-residential buildings. According to EMTA, turnover for Q3 2026 was €68 with employees.

Turnover
68 €
↓ 99.6% vs Q2 2026
State taxes
0 €
↓ 100.0% vs Q2 2026
Labour taxes
0 €
Employees
—

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

Position in the industry Construction of residential and non-residential buildings · EMTAK 41

  • Turnover · Q3 2026 68 €
    industry median 25 252 € · companies in the industry: 4 696
  • Revenue · 2025 120 272 €
    industry median 38 239 € · companies in the industry: 7 000
  • Net profit margin · 2025 10.9 %
    industry median 3.5 % · companies in the industry: 5 562

Taxes and turnover

Q1 2024 – Q3 2026
Turnover, € Q3 2026: 68 € · −99.6% vs Q2 2026 · industry median 25 252 € · above 2% of the industry
020 00040 00060 000Q1 2024 Company: 0 € Industry median: 19 618 €Q1·24Q2 2024 Company: 45 € Industry median: 21 373 €Q3 2024 Company: 3 820 € Industry median: 26 160 €Q3·24Q4 2024 Company: 16 671 € Industry median: 25 496 €Q1 2025 Company: 4 952 € Industry median: 19 568 €Q1·25Q2 2025 Company: 24 786 € Industry median: 22 577 €Q3 2025 Company: 42 074 € Industry median: 25 533 €Q3·25Q4 2025 Company: 51 560 € Industry median: 25 721 €Q1 2026 Company: 377 € Industry median: 20 483 €Q1·26Q2 2026 Company: 16 468 € Industry median: 22 672 €Q3 2026 Company: 68 € Industry median: 25 252 €Q3·26020 00040 00060 000Q4 2024 Company: 16 671 € Industry median: 25 496 €Q1 2025 Company: 4 952 € Industry median: 19 568 €Q1·25Q2 2025 Company: 24 786 € Industry median: 22 577 €Q3 2025 Company: 42 074 € Industry median: 25 533 €Q3·25Q4 2025 Company: 51 560 € Industry median: 25 721 €Q1 2026 Company: 377 € Industry median: 20 483 €Q1·26Q2 2026 Company: 16 468 € Industry median: 22 672 €Q3 2026 Company: 68 € Industry median: 25 252 €Q3·26
  • 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.

State taxes, € Q3 2026: 0 € · −100.0% vs Q2 2026
02 0004 0006 0008 000Q1 2024 Company: —Q1·24Q2 2024 Company: 10 €Q3 2024 Company: 720 €Q3·24Q4 2024 Company: 2 833 €Q1 2025 Company: 513 €Q1·25Q2 2025 Company: 3 190 €Q3 2025 Company: 2 863 €Q3·25Q4 2025 Company: 7 822 €Q1 2026 Company: —Q1·26Q2 2026 Company: 3 521 €Q3 2026 Company: 0 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 2 833 €Q1 2025 Company: 513 €Q1·25Q2 2025 Company: 3 190 €Q3 2025 Company: 2 863 €Q3·25Q4 2025 Company: 7 822 €Q1 2026 Company: —Q1·26Q2 2026 Company: 3 521 €Q3 2026 Company: 0 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 68 — — —
Q2 2026 16 468 3 521 — —
Q1 2026 377 — — —
Q4 2025 51 560 7 822 — —
Q3 2025 42 074 2 863 — —
Q2 2025 24 786 3 190 — —
Q1 2025 4 952 513 — —
Q4 2024 16 671 2 833 — —
Q3 2024 3 820 720 — —
Q2 2024 45 10 — —
Q1 2024 — — — —

Financials by year

2016 – 2025
Revenue, € thousand 2025: 120 272 € · +408.9% vs 2024 · industry median 38 239 € · above 71% of the industry
02550751001252016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0 € Industry median: 38 887 €20192020 Company: 0 € Industry median: 35 421 €20202021 Company: 0 € Industry median: 38 277 €20212022 Company: 2 240 € Industry median: 39 545 €20222023 Company: 995 € Industry median: 37 262 €20232024 Company: 23 636 € Industry median: 37 686 €20242025 Company: 120 272 € Industry median: 38 239 €202502550751001252018 Company: — Industry median: —2019 Company: 0 € Industry median: 38 887 €20192020 Company: 0 € Industry median: 35 421 €2021 Company: 0 € Industry median: 38 277 €20212022 Company: 2 240 € Industry median: 39 545 €2023 Company: 995 € Industry median: 37 262 €20232024 Company: 23 636 € Industry median: 37 686 €2025 Company: 120 272 € Industry median: 38 239 €2025
  • 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.

Net profit, € 2025: 13 058 € · +83.0% vs 2024 · industry median 410 € · above 79% of the industry
-5 00005 00010 00015 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 0 € Industry median: 643 €20192020 Company: 0 € Industry median: 281 €20202021 Company: 0 € Industry median: 315 €20212022 Company: 576 € Industry median: 398 €20222023 Company: -995 € Industry median: 253 €20232024 Company: 7 135 € Industry median: 108 €20242025 Company: 13 058 € Industry median: 410 €2025-5 00005 00010 00015 0002018 Company: — Industry median: —2019 Company: 0 € Industry median: 643 €20192020 Company: 0 € Industry median: 281 €2021 Company: 0 € Industry median: 315 €20212022 Company: 576 € Industry median: 398 €2023 Company: -995 € Industry median: 253 €20232024 Company: 7 135 € Industry median: 108 €2025 Company: 13 058 € Industry median: 410 €2025
  • 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.

Net profit margin, % 2025: 10.9 % · −19.3 pp vs the year before · industry median 3.5 % · above 68% of the industry
0102030402016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: — Industry median: 4.5 %20192020 Company: — Industry median: 4.0 %20202021 Company: — Industry median: 3.8 %20212022 Company: 25.7 % Industry median: 3.9 %20222023 Company: — Industry median: 3.9 %20232024 Company: 30.2 % Industry median: 2.8 %20242025 Company: 10.9 % Industry median: 3.5 %20250102030402018 Company: — Industry median: —2019 Company: — Industry median: 4.5 %20192020 Company: — Industry median: 4.0 %2021 Company: — Industry median: 3.8 %20212022 Company: 25.7 % Industry median: 3.9 %2023 Company: — Industry median: 3.9 %20232024 Company: 30.2 % Industry median: 2.8 %2025 Company: 10.9 % Industry median: 3.5 %2025
  • 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.

Assets, € 2025: 58 455 € · +435.2% vs 2024
020 00040 00060 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 2 631 €20192020 Company: 2 631 €20202021 Company: 2 631 €20212022 Company: 3 132 €20222023 Company: 2 137 €20232024 Company: 10 922 €20242025 Company: 58 455 €2025020 00040 00060 0002018 Company: —2019 Company: 2 631 €20192020 Company: 2 631 €2021 Company: 2 631 €20212022 Company: 3 132 €2023 Company: 2 137 €20232024 Company: 10 922 €2025 Company: 58 455 €2025
Equity, € 2025: 23 735 € · +122.3% vs 2024
05 00010 00015 00020 00025 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 2 631 €20192020 Company: 2 631 €20202021 Company: 2 631 €20212022 Company: 3 132 €20222023 Company: 2 137 €20232024 Company: 10 677 €20242025 Company: 23 735 €202505 00010 00015 00020 00025 0002018 Company: —2019 Company: 2 631 €20192020 Company: 2 631 €2021 Company: 2 631 €20212022 Company: 3 132 €2023 Company: 2 137 €20232024 Company: 10 677 €2025 Company: 23 735 €2025
Employees 2025: 0 · industry median 2 · above 2% of the industry
0.00.51.01.52.02016 Company: 0 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 0 Industry median: 220182019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 220202021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 220222023 Company: 0 Industry median: 220232024 Company: 0 Industry median: 220242025 Company: 0 Industry median: 220250.00.51.01.52.02018 Company: 0 Industry median: 22019 Company: 0 Industry median: 220192020 Company: 0 Industry median: 22021 Company: 0 Industry median: 220212022 Company: 0 Industry median: 22023 Company: 0 Industry median: 220232024 Company: 0 Industry median: 22025 Company: 0 Industry median: 22025
  • 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.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 120 272 13 058 0 58 455 23 735 0
2024 23 636 7 135 0 10 922 10 677 0
2023 995 -995 0 2 137 2 137 0
2022 2 240 576 0 3 132 3 132 0
2021 0 0 0 2 631 2 631 0
2020 0 0 0 2 631 2 631 0
2019 0 0 0 2 631 2 631 0
2018 — — — — — 0
2017 — — — — — 0
2016 — — — — — 0
2015 — — — — — 0
2014 — — — — — 0
2013 — — — — — 0
2012 — — — — — 0
2011 — — — — — 0
2010 — — — — — 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
10.9 %
Net profit / revenue
Return on equity (ROE)
55.0 %
Net profit / equity
Return on assets (ROA)
22.3 %
Net profit / assets
Equity ratio
40.6 %
Equity / assets
Debt ratio
59.4 %
Liabilities / assets
Current ratio
0.59
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 24 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 26 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 6 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 29 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 27 Jun 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 31 May 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 16 Jun 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Are Zeiger
    Direct ownership · since 11 Sep 2025

Founders and other persons

  • Are Zeiger
    Founder · 40 000 € · 29 Jun 2010

Activities (EMTAK)

  • 41001Construction of residential and non-residential buildings Main
  • 43221Installation, maintenance and repair of heating, ventilation and air conditioning equipment
  • 43222Installation, maintenance and repair of plumbing and sanitary equipment
Rulings
Number, date Title Deadline State Document
Ä 40030777 / 10
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 40030777 / 9
16 Mar 2023
Amendment entry In force
16 Mar 2023
PDF
Ä 40030777 / M2
17 Jun 2020
Procedural ruling 1 Jul 2020 In force
17 Jun 2020
PDF
Ä 40030777 / 8
17 Jun 2020
Amendment under Commercial Code § 525 (2) In force
17 Jun 2020
PDF
Ä 40030777 / 7
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 40030777 / 6
1 Dec 2017
Amendment entry In force
1 Dec 2017
PDF
Ä 40030777 / 5
19 Jan 2016
Amendment entry In force
19 Jan 2016
PDF
Ä 40030777 / 4
26 Oct 2015
Entry refused: deficiencies not eliminated In force
18 Dec 2015
PDF
Ä 40030777 / M1
22 Sep 2015
Ruling to eliminate deficiencies 22 Oct 2015 In force
22 Sep 2015
PDF
Ä 40030777 / 3
16 Sep 2014
Amendment entry In force
16 Sep 2014
PDF
Ä 40030777 / 2
19 Dec 2013
Amendment entry In force
19 Dec 2013
PDF
Ä 40030777
29 Jun 2010
First entry In force
29 Jun 2010
PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data