Nordic Elements OÜ

Active Registry code 12754276 OÜ Tallinn Registered 17 Nov 2014

Nordic Elements OÜ is a OÜ based in Tallinn, registry code 12754276, status: active. Main activity: Other manufacturing n.e.c.. According to EMTA, turnover for Q3 2026 was €189 505 with 1 employees.

Turnover

189 505 €

↑ 34.6% vs Q2 2026

State taxes

24 164 €

↑ 38.3% vs Q2 2026

Labour taxes

3 449 €

↑ 221.7% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Other manufacturing · EMTAK 32

Turnover · Q3 2026 189 505 €

above 82% of companies

industry median 22 261 € · companies in the industry: 304
Labour taxes per employee 3 449 €

above 80% of companies

industry median 1 664 € · companies in the industry: 293
Revenue · 2025 375 046 €

above 87% of companies

industry median 15 630 € · companies in the industry: 668
Net profit margin · 2025 4.0 %

above 47% of companies

industry median 4.9 % · companies in the industry: 476

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 189 505 € · +34.6% vs Q2 2026 · industry median 22 261 € · above 82% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 3 449 € · +543.5% vs Q2 2026 · industry median 1 664 € · above 80% of the industry

Company
Industry median

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

Employees Q3 2026: 1 · −50.0% vs Q2 2026

State taxes, € Q3 2026: 24 164 € · +38.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	189 505	24 164	3 449	1
Q2 2026	140 782	17 478	1 072	2
Q1 2026	63 259	8 234	1 226	—
Q4 2025	100 704	8 022	1 534	—
Q3 2025	166 851	14 391	1 534	—
Q2 2025	122 668	10 070	1 534	—
Q1 2025	66 000	3 879	1 503	—
Q4 2024	50 746	3 255	1 441	—
Q3 2024	71 048	2 372	1 441	—
Q2 2024	95 681	10 481	1 607	—
Q1 2024	37 076	3 688	1 110	—
Q4 2023	47 332	2 851	647	—
Q3 2023	126 157	3 799	669	—
Q2 2023	122 975	7 003	873	—
Q1 2023	27 592	2 661	663	—
Q4 2022	85 639	5 239	694	—
Q3 2022	191 616	10 167	694	—
Q2 2022	187 603	8 739	672	—
Q1 2022	89 656	4 153	629	—

Labour taxes per employee per month

1 150 €

Turnover per employee in the quarter

189 505 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 375 046 € · +62.6% vs 2024 · industry median 15 630 € · above 87% of the industry

Company
Industry median

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

Net profit, € 2025: 14 898 € · +198.2% vs 2024 · industry median 82 € · above 83% of the industry

Company
Industry median

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

Net profit margin, % 2025: 4.0 % · +10.6 pp vs the year before · industry median 4.9 % · above 47% of the industry

Company
Industry median

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

Assets, € thousand 2025: 124 418 € · +8.4% vs 2024

Equity, € thousand 2025: 111 477 € · +0.8% vs 2024

Employees 2025: 1 · +0.0% vs 2024 · industry median 2 · above 5% of the industry

Company
Industry median

Industry: Other manufacturing (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	375 046	14 898	14 835	124 418	111 477	1
2024	230 661	-15 178	14 495	114 781	110 579	1
2023	313 572	27 169	10 556	144 963	141 612	1
2022	523 806	21 281	9 905	137 787	123 690	1
2021	340 950	39 129	15 246	111 590	102 409	1
2020	84 522	7 737	9 371	72 677	71 280	0
2019	31 675	5 982	3 527	72 770	71 543	0
2018	—	—	—	—	—	0
2017	—	—	—	—	—	0
2016	—	—	—	—	—	0
2015	—	—	—	—	—	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

4.0 %

Net profit / revenue

Return on equity (ROE)

13.4 %

Net profit / equity

Return on assets (ROA)

12.0 %

Net profit / assets

Equity ratio

89.6 %

Equity / assets

Debt ratio

10.4 %

Liabilities / assets

Current ratio

7.25

Current assets / current liabilities

Revenue per employee

375 046 €

Revenue / average full-time employees

Labour cost per employee per month

1 236 €

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	1 Jul 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	31 Mar 2026	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	26 Feb 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	5 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	16 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Jul 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	7 Jul 2020	Company’s own	e-Äriregister

Board

Erik Mällo
Board member · since 17 Nov 2014

Right of representation

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

Owners

Erik Mällo
Natural person · 2 500 €

100%

Owner in

VESTIGE VERDANT OÜ
0.01%

Beneficial owners

Erik Mällo
Direct ownership · since 19 Oct 2018

Founders and other persons

Erik Mällo
Founder · 2 500 € · 10 Nov 2014

shared board members, owners or beneficial owners

Activities (EMTAK)

32991Other manufacturing n.e.c. Main
68201Rental and operating of own or leased real estate

Rulings 12

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10202437 / M5 21 Apr 2025	Refund of the state fee		In force 21 Apr 2025	PDF
Ä 10202437 / M4 16 Apr 2025	Ruling annulling a ruling		In force 16 Apr 2025	PDF
Ä 10202437 / 8 16 Apr 2025	Amendment entry		In force 16 Apr 2025	PDF
Ä 10202437 / M2 7 Apr 2025	Ruling to eliminate deficiencies	7 May 2025	Deficiencies eliminated 21 Apr 2025	PDF
Ä 10202437 / M1 11 Mar 2025	Ruling to eliminate deficiencies	11 Apr 2025	In force 28 Mar 2025	PDF
Ä 10202437 / 7 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 10202437 / 6 5 Jul 2023	Amendment entry		In force 5 Jul 2023	PDF
Ä 10202437 / 5 26 Oct 2022	Amendment under Commercial Code § 525 (2)		In force 26 Oct 2022	PDF
Ä 10202437 / 4 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 10202437 / 3 8 Dec 2017	Amendment entry		In force 8 Dec 2017	PDF
Ä 10202437 / 2 10 Nov 2015	Amendment under Commercial Code § 525 (2)		In force 10 Nov 2015	PDF
Ä 10202437 17 Nov 2014	First entry		In force 17 Nov 2014	PDF

Sources: e-Äriregister and EMTA. Data updated 26 Oct 2026. Open at the source ↗ · Report an error in the data

Nordic Elements OÜ

Position in the industry Other manufacturing · EMTAK 32

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