VelesNord OÜ

Active Registry code 14666553 OÜ Tallinn Registered 20 Feb 2019
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VelesNord OÜ is a OÜ based in Tallinn, registry code 14666553, status: active. Main activity: Non-specialised wholesale trade. According to EMTA, turnover for Q3 2026 was €8 700 with employees.

Turnover
8 700 €
↑ 381.5% vs Q2 2026
State taxes
—
Labour taxes
—
Employees
—

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

Position in the industry Wholesale trade · EMTAK 46

  • Turnover · Q3 2026 8 700 €
    industry median 60 065 € · companies in the industry: 6 941
  • Revenue · 2025 71 270 €
    industry median 63 691 € · companies in the industry: 10 038
  • Net profit margin · 2025 1.7 %
    industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 8 700 € · +381.5% vs Q2 2026 · industry median 60 065 € · above 23% of the industry
020 00040 00060 00080 000Q4 2023 Company: 6 350 € Industry median: 69 842 €Q4·23Q1 2024 Company: 42 110 € Industry median: 60 423 €Q2 2024 Company: 51 733 € Industry median: 66 207 €Q2·24Q3 2024 Company: 4 193 € Industry median: 63 101 €Q4 2024 Company: 32 804 € Industry median: 65 867 €Q4·24Q1 2025 Company: 36 815 € Industry median: 59 713 €Q2 2025 Company: 9 608 € Industry median: 61 800 €Q2·25Q3 2025 Company: 10 539 € Industry median: 59 911 €Q4 2025 Company: 39 650 € Industry median: 59 583 €Q4·25Q1 2026 Company: 0 € Industry median: 53 954 €Q2 2026 Company: 1 807 € Industry median: 61 600 €Q2·26Q3 2026 Company: 8 700 € Industry median: 60 065 €Q3·26020 00040 00060 00080 000Q4 2024 Company: 32 804 € Industry median: 65 867 €Q1 2025 Company: 36 815 € Industry median: 59 713 €Q1·25Q2 2025 Company: 9 608 € Industry median: 61 800 €Q3 2025 Company: 10 539 € Industry median: 59 911 €Q3·25Q4 2025 Company: 39 650 € Industry median: 59 583 €Q1 2026 Company: 0 € Industry median: 53 954 €Q1·26Q2 2026 Company: 1 807 € Industry median: 61 600 €Q3 2026 Company: 8 700 € Industry median: 60 065 €Q3·26
  • Company
  • Industry median

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

State taxes, € Q2 2026: 296 €
0100200300400500Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: —Q2·24Q3 2024 Company: —Q4 2024 Company: —Q4·24Q1 2025 Company: —Q2 2025 Company: 215 €Q2·25Q3 2025 Company: —Q4 2025 Company: 406 €Q4·25Q1 2026 Company: —Q2 2026 Company: 296 €Q2·26Q3 2026 Company: —Q3·260100200300400500Q4 2024 Company: —Q1 2025 Company: —Q1·25Q2 2025 Company: 215 €Q3 2025 Company: —Q3·25Q4 2025 Company: 406 €Q1 2026 Company: —Q1·26Q2 2026 Company: 296 €Q3 2026 Company: —Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 8 700 — — —
Q2 2026 1 807 296 — —
Q1 2026 — — — —
Q4 2025 39 650 406 — —
Q3 2025 10 539 — — —
Q2 2025 9 608 215 — —
Q1 2025 36 815 — — —
Q4 2024 32 804 — — —
Q3 2024 4 193 — — —
Q2 2024 51 733 — — —
Q1 2024 42 110 — — —
Q4 2023 6 350 — — —
Q3 2023 18 379 — — —
Q2 2023 17 750 — — —
Q1 2023 17 763 — — —
Q4 2022 24 338 — — —
Q3 2022 19 521 — — —
Q2 2022 44 620 — — —
Q1 2022 1 363 — — —

Financials by year

2019 – 2025
Revenue, € 2025: 71 270 € · +211.2% vs 2024 · industry median 63 691 € · above 51% of the industry
020 00040 00060 00080 0002019 Company: 2 250 € Industry median: 78 948 €20192020 Company: 0 € Industry median: 67 913 €20202021 Company: 3 312 € Industry median: 71 656 €20212022 Company: 56 644 € Industry median: 75 397 €20222023 Company: 21 982 € Industry median: 63 715 €20232024 Company: 22 900 € Industry median: 60 216 €20242025 Company: 71 270 € Industry median: 63 691 €2025020 00040 00060 00080 0002019 Company: 2 250 € Industry median: 78 948 €20192020 Company: 0 € Industry median: 67 913 €2021 Company: 3 312 € Industry median: 71 656 €20212022 Company: 56 644 € Industry median: 75 397 €2023 Company: 21 982 € Industry median: 63 715 €20232024 Company: 22 900 € Industry median: 60 216 €2025 Company: 71 270 € Industry median: 63 691 €2025
  • Company
  • Industry median

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

Net profit, € 2025: 1 243 € · +177.5% vs 2024 · industry median 127 € · above 56% of the industry
-2 000-1 00001 0002 0003 0002019 Company: 1 002 € Industry median: 1 086 €20192020 Company: -1 945 € Industry median: 906 €20202021 Company: 1 282 € Industry median: 1 415 €20212022 Company: -185 € Industry median: 889 €20222023 Company: 2 925 € Industry median: 370 €20232024 Company: -1 603 € Industry median: 134 €20242025 Company: 1 243 € Industry median: 127 €2025-2 000-1 00001 0002 0003 0002019 Company: 1 002 € Industry median: 1 086 €20192020 Company: -1 945 € Industry median: 906 €2021 Company: 1 282 € Industry median: 1 415 €20212022 Company: -185 € Industry median: 889 €2023 Company: 2 925 € Industry median: 370 €20232024 Company: -1 603 € Industry median: 134 €2025 Company: 1 243 € Industry median: 127 €2025
  • 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: 1.7 % · +8.7 pp vs the year before · industry median 2.7 % · above 45% of the industry
-2002040602019 Company: 44.5 % Industry median: 3.7 %20192020 Company: — Industry median: 4.2 %20202021 Company: 38.7 % Industry median: 4.9 %20212022 Company: -0.3 % Industry median: 4.2 %20222023 Company: 13.3 % Industry median: 3.5 %20232024 Company: -7.0 % Industry median: 2.9 %20242025 Company: 1.7 % Industry median: 2.7 %2025-2002040602019 Company: 44.5 % Industry median: 3.7 %20192020 Company: — Industry median: 4.2 %2021 Company: 38.7 % Industry median: 4.9 %20212022 Company: -0.3 % Industry median: 4.2 %2023 Company: 13.3 % Industry median: 3.5 %20232024 Company: -7.0 % Industry median: 2.9 %2025 Company: 1.7 % Industry median: 2.7 %2025
  • 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: 82 392 € · −48.5% vs 2024
0501001502002019 Company: 6 982 €20192020 Company: 9 424 €20202021 Company: 29 272 €20212022 Company: 94 718 €20222023 Company: 106 710 €20232024 Company: 160 121 €20242025 Company: 82 392 €20250501001502002019 Company: 6 982 €20192020 Company: 9 424 €2021 Company: 29 272 €20212022 Company: 94 718 €2023 Company: 106 710 €20232024 Company: 160 121 €2025 Company: 82 392 €2025
Equity, € 2025: 2 718 € · +84.3% vs 2024
-1 00001 0002 0003 0004 0002019 Company: 1 002 €20192020 Company: -943 €20202021 Company: 339 €20212022 Company: 154 €20222023 Company: 3 079 €20232024 Company: 1 475 €20242025 Company: 2 718 €2025-1 00001 0002 0003 0004 0002019 Company: 1 002 €20192020 Company: -943 €2021 Company: 339 €20212022 Company: 154 €2023 Company: 3 079 €20232024 Company: 1 475 €2025 Company: 2 718 €2025
Employees 2025: 0 · industry median 2 · above 2% of the industry
0.00.51.01.52.02019 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: 220250.00.51.01.52.02019 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: 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 71 270 1 243 0 82 392 2 718 0
2024 22 900 -1 603 0 160 121 1 475 0
2023 21 982 2 925 0 106 710 3 079 0
2022 56 644 -185 0 94 718 154 0
2021 3 312 1 282 0 29 272 339 0
2020 0 -1 945 0 9 424 -943 0
2019 2 250 1 002 0 6 982 1 002 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
1.7 %
Net profit / revenue
Return on equity (ROE)
45.7 %
Net profit / equity
Return on assets (ROA)
1.5 %
Net profit / assets
Equity ratio
3.3 %
Equity / assets
Debt ratio
96.7 %
Liabilities / assets
Current ratio
0.85
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 4 May 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 31 Mar 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 8 May 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 31 May 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 15 May 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 28 Jun 2021 Company’s own e-Äriregister
2019 20 Feb 2019 – 31 Dec 2019 3 Nov 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)

  • 46901Non-specialised wholesale trade Main
Rulings
Number, date Title Deadline State Document
Ä 50113500 / 6
3 Sep 2023
Amendment entry In force
3 Sep 2023
PDF
Ä 50113500 / 5
3 May 2023
Amendment entry In force
3 May 2023
PDF
Ä 50113500 / 4
23 Nov 2020
Amendment under Commercial Code § 525 (2) In force
23 Nov 2020
PDF
Ä 50113500 / M2
6 May 2020
Public service of a ruling in Ametlikud Teadaanded In force
6 May 2020
PDF
Ä 50113500 / 3
18 Mar 2020
Entry refused: deficiencies not eliminated In force
6 Jun 2020
PDF
Ä 50113500 / M1
26 Feb 2020
Ruling to eliminate deficiencies 11 Mar 2020 In force
26 Feb 2020
PDF
Ä 50113500 / 2
21 Feb 2020
Amendment entry In force
21 Feb 2020
PDF
Ä 50113500
20 Feb 2019
First entry In force
20 Feb 2019
PDF

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