Nordman Algorithms OÜ

Active Registry code 14435535 OÜ Tallinn Registered 23 Feb 2018
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Nordman Algorithms OÜ is a OÜ based in Tallinn, registry code 14435535, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €70 731 with employees.

Turnover
70 731 €
↑ 19.3% vs Q2 2026
State taxes
212 €
↑ 50.4% vs Q2 2026
Labour taxes
212 €
↑ 50.4% vs Q2 2026
Employees
—

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

Position in the industry Computer programming, consultancy and related activities · EMTAK 62

  • Turnover · Q3 2026 70 731 €
    industry median 19 078 € · companies in the industry: 7 345
  • Revenue · 2025 225 764 €
    industry median 14 309 € · companies in the industry: 13 336
  • Net profit margin · 2025 -6.7 %
    industry median 15.1 % · companies in the industry: 8 943

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 70 731 € · +19.3% vs Q2 2026 · industry median 19 078 € · above 78% of the industry
020 00040 00060 00080 000100 000Q4 2023 Company: 57 335 € Industry median: 20 666 €Q4·23Q1 2024 Company: 93 155 € Industry median: 20 684 €Q2 2024 Company: 65 994 € Industry median: 20 460 €Q2·24Q3 2024 Company: 44 438 € Industry median: 19 818 €Q4 2024 Company: 47 684 € Industry median: 20 482 €Q4·24Q1 2025 Company: 54 098 € Industry median: 20 692 €Q2 2025 Company: 61 660 € Industry median: 21 060 €Q2·25Q3 2025 Company: 52 323 € Industry median: 20 327 €Q4 2025 Company: 47 209 € Industry median: 21 191 €Q4·25Q1 2026 Company: 66 981 € Industry median: 20 665 €Q2 2026 Company: 59 309 € Industry median: 20 000 €Q2·26Q3 2026 Company: 70 731 € Industry median: 19 078 €Q3·26020 00040 00060 00080 000Q4 2024 Company: 47 684 € Industry median: 20 482 €Q1 2025 Company: 54 098 € Industry median: 20 692 €Q1·25Q2 2025 Company: 61 660 € Industry median: 21 060 €Q3 2025 Company: 52 323 € Industry median: 20 327 €Q3·25Q4 2025 Company: 47 209 € Industry median: 21 191 €Q1 2026 Company: 66 981 € Industry median: 20 665 €Q1·26Q2 2026 Company: 59 309 € Industry median: 20 000 €Q3 2026 Company: 70 731 € Industry median: 19 078 €Q3·26
  • Company
  • Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

State taxes, € Q3 2026: 212 € · +50.4% vs Q2 2026
0100200300400500Q4 2023 Company: 199 €Q4·23Q1 2024 Company: 477 €Q2 2024 Company: 199 €Q2·24Q3 2024 Company: 199 €Q4 2024 Company: 199 €Q4·24Q1 2025 Company: 379 €Q2 2025 Company: 212 €Q2·25Q3 2025 Company: 141 €Q4 2025 Company: 141 €Q4·25Q1 2026 Company: 353 €Q2 2026 Company: 141 €Q2·26Q3 2026 Company: 212 €Q3·260100200300400Q4 2024 Company: 199 €Q1 2025 Company: 379 €Q1·25Q2 2025 Company: 212 €Q3 2025 Company: 141 €Q3·25Q4 2025 Company: 141 €Q1 2026 Company: 353 €Q1·26Q2 2026 Company: 141 €Q3 2026 Company: 212 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 70 731 212 212 —
Q2 2026 59 309 141 141 —
Q1 2026 66 981 353 353 —
Q4 2025 47 209 141 141 —
Q3 2025 52 323 141 141 —
Q2 2025 61 660 212 212 —
Q1 2025 54 098 379 207 —
Q4 2024 47 684 199 199 —
Q3 2024 44 438 199 199 —
Q2 2024 65 994 199 199 —
Q1 2024 93 155 477 199 —
Q4 2023 57 335 199 199 —
Q3 2023 66 821 6 882 2 209 —
Q2 2023 83 835 265 265 —
Q1 2023 51 155 137 133 —
Q4 2022 66 727 203 199 —
Q3 2022 58 482 6 321 2 040 —
Q2 2022 53 538 199 199 —
Q1 2022 54 677 199 199 —

Financials by year

2018 – 2025
Revenue, € thousand 2025: 225 764 € · −8.1% vs 2024 · industry median 14 309 € · above 88% of the industry
01002003002018 Company: — Industry median: —20182019 Company: 151 083 € Industry median: 11 130 €20192020 Company: 172 268 € Industry median: 11 075 €20202021 Company: 185 256 € Industry median: 13 105 €20212022 Company: 227 317 € Industry median: 15 007 €20222023 Company: 275 745 € Industry median: 15 500 €20232024 Company: 245 613 € Industry median: 13 785 €20242025 Company: 225 764 € Industry median: 14 309 €202501002003002018 Company: — Industry median: —2019 Company: 151 083 € Industry median: 11 130 €20192020 Company: 172 268 € Industry median: 11 075 €2021 Company: 185 256 € Industry median: 13 105 €20212022 Company: 227 317 € Industry median: 15 007 €2023 Company: 275 745 € Industry median: 15 500 €20232024 Company: 245 613 € Industry median: 13 785 €2025 Company: 225 764 € Industry median: 14 309 €2025
  • Company
  • Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2025: -15 095 € · +10.9% vs 2024 · industry median 106 € · above 9% of the industry
-20 000020 00040 00060 0002018 Company: — Industry median: —20182019 Company: 49 796 € Industry median: 618 €20192020 Company: 41 474 € Industry median: 617 €20202021 Company: 19 412 € Industry median: 829 €20212022 Company: 28 840 € Industry median: 300 €20222023 Company: 46 873 € Industry median: 383 €20232024 Company: -16 946 € Industry median: 249 €20242025 Company: -15 095 € Industry median: 106 €2025-20 000020 00040 00060 0002018 Company: — Industry median: —2019 Company: 49 796 € Industry median: 618 €20192020 Company: 41 474 € Industry median: 617 €2021 Company: 19 412 € Industry median: 829 €20212022 Company: 28 840 € Industry median: 300 €2023 Company: 46 873 € Industry median: 383 €20232024 Company: -16 946 € Industry median: 249 €2025 Company: -15 095 € Industry median: 106 €2025
  • Company
  • Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -6.7 % · +0.2 pp vs the year before · industry median 15.1 % · above 20% of the industry
-100102030402018 Company: — Industry median: —20182019 Company: 33.0 % Industry median: 21.0 %20192020 Company: 24.1 % Industry median: 22.4 %20202021 Company: 10.5 % Industry median: 23.6 %20212022 Company: 12.7 % Industry median: 19.1 %20222023 Company: 17.0 % Industry median: 17.8 %20232024 Company: -6.9 % Industry median: 16.3 %20242025 Company: -6.7 % Industry median: 15.1 %2025-100102030402018 Company: — Industry median: —2019 Company: 33.0 % Industry median: 21.0 %20192020 Company: 24.1 % Industry median: 22.4 %2021 Company: 10.5 % Industry median: 23.6 %20212022 Company: 12.7 % Industry median: 19.1 %2023 Company: 17.0 % Industry median: 17.8 %20232024 Company: -6.9 % Industry median: 16.3 %2025 Company: -6.7 % Industry median: 15.1 %2025
  • Company
  • Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2025: 30 608 € · −19.1% vs 2024
020 00040 00060 0002018 Company: —20182019 Company: 57 712 €20192020 Company: 54 432 €20202021 Company: 35 584 €20212022 Company: 39 577 €20222023 Company: 58 930 €20232024 Company: 37 833 €20242025 Company: 30 608 €2025020 00040 00060 0002018 Company: —2019 Company: 57 712 €20192020 Company: 54 432 €2021 Company: 35 584 €20212022 Company: 39 577 €2023 Company: 58 930 €20232024 Company: 37 833 €2025 Company: 30 608 €2025
Equity, € 2025: 21 661 € · −41.1% vs 2024
020 00040 00060 0002018 Company: —20182019 Company: 55 760 €20192020 Company: 54 303 €20202021 Company: 33 000 €20212022 Company: 35 540 €20222023 Company: 53 702 €20232024 Company: 36 756 €20242025 Company: 21 661 €2025020 00040 00060 0002018 Company: —2019 Company: 55 760 €20192020 Company: 54 303 €2021 Company: 33 000 €20212022 Company: 35 540 €2023 Company: 53 702 €20232024 Company: 36 756 €2025 Company: 21 661 €2025
Employees 2025: 5 · +25.0% vs 2024 · industry median 1 · above 91% of the industry
0123452018 Company: 3 Industry median: 120182019 Company: 4 Industry median: 120192020 Company: 4 Industry median: 120202021 Company: 4 Industry median: 120212022 Company: 4 Industry median: 120222023 Company: 4 Industry median: 120232024 Company: 4 Industry median: 120242025 Company: 5 Industry median: 120250123452018 Company: 3 Industry median: 12019 Company: 4 Industry median: 120192020 Company: 4 Industry median: 12021 Company: 4 Industry median: 120212022 Company: 4 Industry median: 12023 Company: 4 Industry median: 120232024 Company: 4 Industry median: 12025 Company: 5 Industry median: 12025
  • Company
  • Industry median

Industry: Computer programming, consultancy and related 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 225 764 -15 095 203 890 30 608 21 661 5
2024 245 613 -16 946 238 421 37 833 36 756 4
2023 275 745 46 873 199 438 58 930 53 702 4
2022 227 317 28 840 158 111 39 577 35 540 4
2021 185 256 19 412 135 982 35 584 33 000 4
2020 172 268 41 474 95 494 54 432 54 303 4
2019 151 083 49 796 72 819 57 712 55 760 4
2018 — — — — — 3

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
-6.7 %
Net profit / revenue
Return on equity (ROE)
-69.7 %
Net profit / equity
Return on assets (ROA)
-49.3 %
Net profit / assets
Equity ratio
70.8 %
Equity / assets
Debt ratio
29.2 %
Liabilities / assets
Current ratio
3.42
Current assets / current liabilities
Revenue per employee
45 153 €
Revenue / average full-time employees
Labour cost per employee per month
3 398 €
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 May 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 3 Jul 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 5 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 30 May 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 3 Jul 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 3 May 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 3 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

Founders and other persons

Activities (EMTAK)

  • 62101Computer programming activities Main
Rulings
Number, date Title Deadline State Document
Ä 50088444 / 10
12 Aug 2026
Amendment entry In force
12 Aug 2026
PDF
Ä 50088444 / 9
29 Jul 2026
Amendment entry In force
29 Jul 2026
PDF
Ä 50088444 / 8
21 Oct 2024
Amendment entry In force
21 Oct 2024
PDF
Ä 50088444 / M3
17 Oct 2024
Procedural ruling 27 Oct 2024 Deficiencies eliminated
21 Oct 2024
PDF
Ä 50088444 / 7
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 50088444 / 6
27 Apr 2023
Amendment entry In force
27 Apr 2023
PDF
Ä 50088444 / 5
26 Apr 2023
Amendment entry In force
26 Apr 2023
PDF
Ä 50088444 / 4
30 Dec 2020
Amendment under Commercial Code § 525 (2) In force
30 Dec 2020
PDF
Ä 50088444 / 3
30 Dec 2020
Amendment entry In force
30 Dec 2020
PDF
Ä 50088444 / M2
29 Dec 2020
Ruling to eliminate deficiencies 8 Jan 2021 Deficiencies eliminated
30 Dec 2020
PDF
Ä 50088444 / M1
21 Dec 2020
Public service of a ruling in Ametlikud Teadaanded In force
21 Dec 2020
PDF
Ä 50088444 / 2
17 Dec 2020
Entry made by the register on its own initiative In force
17 Dec 2020
PDF
Ä 50088444
23 Feb 2018
First entry In force
23 Feb 2018
PDF

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