Hordeum OÜ

Active Registry code 14688492 OÜ Tartu linn Registered 25 Mar 2019
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Hordeum OÜ is a OÜ based in Tartu linn, registry code 14688492, status: active. Main activity: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. According to EMTA, turnover for Q3 2026 was €3 714 009 with 7 employees.

Turnover
3 714 009 €
↓ 19.0% vs Q2 2026
State taxes
186 176 €
↑ 156.6% vs Q2 2026
Labour taxes
31 033 €
↑ 8.4% vs Q2 2026
Employees
7
±0 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

  • Turnover · Q3 2026 3.7 mn €
    industry median 60 065 € · companies in the industry: 6 941
  • Labour taxes per employee 4 433 €
    industry median 2 104 € · companies in the industry: 4 194
  • Revenue · 2025 8.3 mn €
    industry median 63 691 € · companies in the industry: 10 038
  • Net profit margin · 2025 -0.6 %
    industry median 2.7 % · companies in the industry: 7 414

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 3 714 009 € · −19.0% vs Q2 2026 · industry median 60 065 € · above 98% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 1 733 509 € Industry median: 69 842 €Q4·23Q1 2024 Company: 2 402 946 € Industry median: 60 423 €Q2 2024 Company: 2 744 978 € Industry median: 66 207 €Q2·24Q3 2024 Company: 2 068 565 € Industry median: 63 101 €Q4 2024 Company: 3 052 029 € Industry median: 65 867 €Q4·24Q1 2025 Company: 2 577 922 € Industry median: 59 713 €Q2 2025 Company: 3 373 654 € Industry median: 61 800 €Q2·25Q3 2025 Company: 2 045 268 € Industry median: 59 911 €Q4 2025 Company: 2 838 458 € Industry median: 59 583 €Q4·25Q1 2026 Company: 3 055 538 € Industry median: 53 954 €Q2 2026 Company: 4 586 221 € Industry median: 61 600 €Q2·26Q3 2026 Company: 3 714 009 € Industry median: 60 065 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 3 052 029 € Industry median: 65 867 €Q1 2025 Company: 2 577 922 € Industry median: 59 713 €Q1·25Q2 2025 Company: 3 373 654 € Industry median: 61 800 €Q3 2025 Company: 2 045 268 € Industry median: 59 911 €Q3·25Q4 2025 Company: 2 838 458 € Industry median: 59 583 €Q1 2026 Company: 3 055 538 € Industry median: 53 954 €Q1·26Q2 2026 Company: 4 586 221 € Industry median: 61 600 €Q3 2026 Company: 3 714 009 € 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.

Labour taxes per employee, € Q3 2026: 4 433 € · +8.4% vs Q2 2026 · industry median 2 104 € · above 81% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 3 543 € Industry median: 1 903 €Q4·23Q1 2024 Company: 3 366 € Industry median: 1 948 €Q2 2024 Company: 3 543 € Industry median: 1 960 €Q2·24Q3 2024 Company: 2 266 € Industry median: 2 029 €Q4 2024 Company: 3 281 € Industry median: 2 008 €Q4·24Q1 2025 Company: 4 042 € Industry median: 2 079 €Q2 2025 Company: 4 255 € Industry median: 2 091 €Q2·25Q3 2025 Company: 4 255 € Industry median: 2 158 €Q4 2025 Company: 4 255 € Industry median: 2 169 €Q4·25Q1 2026 Company: 2 926 € Industry median: 2 089 €Q2 2026 Company: 4 088 € Industry median: 2 068 €Q2·26Q3 2026 Company: 4 433 € Industry median: 2 104 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 3 281 € Industry median: 2 008 €Q1 2025 Company: 4 042 € Industry median: 2 079 €Q1·25Q2 2025 Company: 4 255 € Industry median: 2 091 €Q3 2025 Company: 4 255 € Industry median: 2 158 €Q3·25Q4 2025 Company: 4 255 € Industry median: 2 169 €Q1 2026 Company: 2 926 € Industry median: 2 089 €Q1·26Q2 2026 Company: 4 088 € Industry median: 2 068 €Q3 2026 Company: 4 433 € Industry median: 2 104 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 7 · +0.0% vs Q2 2026
02468Q4 2023 Company: 3Q4·23Q1 2024 Company: 3Q2 2024 Company: 3Q2·24Q3 2024 Company: 5Q4 2024 Company: 5Q4·24Q1 2025 Company: 5Q2 2025 Company: 5Q2·25Q3 2025 Company: 5Q4 2025 Company: 5Q4·25Q1 2026 Company: 7Q2 2026 Company: 7Q2·26Q3 2026 Company: 7Q3·2602468Q4 2024 Company: 5Q1 2025 Company: 5Q1·25Q2 2025 Company: 5Q3 2025 Company: 5Q3·25Q4 2025 Company: 5Q1 2026 Company: 7Q1·26Q2 2026 Company: 7Q3 2026 Company: 7Q3·26
State taxes, € thousand Q3 2026: 186 176 € · +156.6% vs Q2 2026
050100150200250Q4 2023 Company: 99 818 €Q4·23Q1 2024 Company: 182 272 €Q2 2024 Company: 212 836 €Q2·24Q3 2024 Company: 141 756 €Q4 2024 Company: 69 818 €Q4·24Q1 2025 Company: 171 243 €Q2 2025 Company: 151 286 €Q2·25Q3 2025 Company: 101 401 €Q4 2025 Company: 0 €Q4·25Q1 2026 Company: 61 888 €Q2 2026 Company: 72 556 €Q2·26Q3 2026 Company: 186 176 €Q3·26050100150200Q4 2024 Company: 69 818 €Q1 2025 Company: 171 243 €Q1·25Q2 2025 Company: 151 286 €Q3 2025 Company: 101 401 €Q3·25Q4 2025 Company: 0 €Q1 2026 Company: 61 888 €Q1·26Q2 2026 Company: 72 556 €Q3 2026 Company: 186 176 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 3 714 009 186 176 31 033 7
Q2 2026 4 586 221 72 556 28 618 7
Q1 2026 3 055 538 61 888 20 479 7
Q4 2025 2 838 458 — 21 276 5
Q3 2025 2 045 268 101 401 21 276 5
Q2 2025 3 373 654 151 286 21 276 5
Q1 2025 2 577 922 171 243 20 210 5
Q4 2024 3 052 029 69 818 16 403 5
Q3 2024 2 068 565 141 756 11 329 5
Q2 2024 2 744 978 212 836 10 629 3
Q1 2024 2 402 946 182 272 10 099 3
Q4 2023 1 733 509 99 818 10 629 3
Q3 2023 2 501 716 190 763 10 759 3
Q2 2023 2 630 958 81 263 7 228 3
Q1 2023 1 946 332 155 835 10 241 3
Q4 2022 2 524 618 202 317 12 595 3
Q3 2022 4 109 115 368 931 13 338 3
Q2 2022 6 262 831 566 829 15 550 4
Q1 2022 4 438 029 375 578 15 781 4
Labour taxes per employee per month
1 478 €
Turnover per employee in the quarter
530 573 €

Q3 2026 · calculated from EMTA data

Financials by year

2019 – 2025
Revenue, € thousand 2025: 8 254 902 € · +26.9% vs 2024 · industry median 63 691 € · above 98% of the industry
02 0004 0006 0008 00010 0002019 Company: 2 614 341 € Industry median: 78 948 €20192020 Company: 8 679 401 € Industry median: 67 913 €20202021 Company: 9 041 118 € Industry median: 71 656 €20212022 Company: 9 430 627 € Industry median: 75 397 €20222023 Company: 5 626 542 € Industry median: 63 715 €20232024 Company: 6 503 560 € Industry median: 60 216 €20242025 Company: 8 254 902 € Industry median: 63 691 €202502 0004 0006 0008 00010 0002019 Company: 2 614 341 € Industry median: 78 948 €20192020 Company: 8 679 401 € Industry median: 67 913 €2021 Company: 9 041 118 € Industry median: 71 656 €20212022 Company: 9 430 627 € Industry median: 75 397 €2023 Company: 5 626 542 € Industry median: 63 715 €20232024 Company: 6 503 560 € Industry median: 60 216 €2025 Company: 8 254 902 € 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, € thousand 2025: -49 535 € · +40.0% vs 2024 · industry median 127 € · above 6% of the industry
-100-500501001502019 Company: 32 264 € Industry median: 1 086 €20192020 Company: 66 632 € Industry median: 906 €20202021 Company: 77 333 € Industry median: 1 415 €20212022 Company: 122 039 € Industry median: 889 €20222023 Company: -41 571 € Industry median: 370 €20232024 Company: -82 611 € Industry median: 134 €20242025 Company: -49 535 € Industry median: 127 €2025-100-500501001502019 Company: 32 264 € Industry median: 1 086 €20192020 Company: 66 632 € Industry median: 906 €2021 Company: 77 333 € Industry median: 1 415 €20212022 Company: 122 039 € Industry median: 889 €2023 Company: -41 571 € Industry median: 370 €20232024 Company: -82 611 € Industry median: 134 €2025 Company: -49 535 € 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: -0.6 % · +0.7 pp vs the year before · industry median 2.7 % · above 28% of the industry
-202462019 Company: 1.2 % Industry median: 3.7 %20192020 Company: 0.8 % Industry median: 4.2 %20202021 Company: 0.9 % Industry median: 4.9 %20212022 Company: 1.3 % Industry median: 4.2 %20222023 Company: -0.7 % Industry median: 3.5 %20232024 Company: -1.3 % Industry median: 2.9 %20242025 Company: -0.6 % Industry median: 2.7 %2025-202462019 Company: 1.2 % Industry median: 3.7 %20192020 Company: 0.8 % Industry median: 4.2 %2021 Company: 0.9 % Industry median: 4.9 %20212022 Company: 1.3 % Industry median: 4.2 %2023 Company: -0.7 % Industry median: 3.5 %20232024 Company: -1.3 % Industry median: 2.9 %2025 Company: -0.6 % 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: 923 727 € · +38.0% vs 2024
02004006008001 0002019 Company: 499 831 €20192020 Company: 688 743 €20202021 Company: 813 245 €20212022 Company: 667 726 €20222023 Company: 667 694 €20232024 Company: 669 237 €20242025 Company: 923 727 €202502004006008001 0002019 Company: 499 831 €20192020 Company: 688 743 €2021 Company: 813 245 €20212022 Company: 667 726 €2023 Company: 667 694 €20232024 Company: 669 237 €2025 Company: 923 727 €2025
Equity, € thousand 2025: 127 051 € · −28.1% vs 2024
01002003004002019 Company: 34 764 €20192020 Company: 101 396 €20202021 Company: 178 729 €20212022 Company: 300 768 €20222023 Company: 259 197 €20232024 Company: 176 586 €20242025 Company: 127 051 €202501002003004002019 Company: 34 764 €20192020 Company: 101 396 €2021 Company: 178 729 €20212022 Company: 300 768 €2023 Company: 259 197 €20232024 Company: 176 586 €2025 Company: 127 051 €2025
Employees 2025: 5 · +0.0% vs 2024 · industry median 2 · above 75% of the industry
0123452019 Company: 3 Industry median: 220192020 Company: 3 Industry median: 220202021 Company: 3 Industry median: 220212022 Company: 3 Industry median: 220222023 Company: 3 Industry median: 220232024 Company: 5 Industry median: 220242025 Company: 5 Industry median: 220250123452019 Company: 3 Industry median: 220192020 Company: 3 Industry median: 22021 Company: 3 Industry median: 220212022 Company: 3 Industry median: 22023 Company: 3 Industry median: 220232024 Company: 5 Industry median: 22025 Company: 5 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 8 254 902 -49 535 183 658 923 727 127 051 5
2024 6 503 560 -82 611 133 199 669 237 176 586 5
2023 5 626 542 -41 571 93 269 667 694 259 197 3
2022 9 430 627 122 039 127 408 667 726 300 768 3
2021 9 041 118 77 333 130 870 813 245 178 729 3
2020 8 679 401 66 632 122 994 688 743 101 396 3
2019 2 614 341 32 264 53 283 499 831 34 764 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
-0.6 %
Net profit / revenue
Return on equity (ROE)
-39.0 %
Net profit / equity
Return on assets (ROA)
-5.4 %
Net profit / assets
Equity ratio
13.8 %
Equity / assets
Debt ratio
86.2 %
Liabilities / assets
Current ratio
1.16
Current assets / current liabilities
Revenue per employee
1 650 980 €
Revenue / average full-time employees
Labour cost per employee per month
3 061 €
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 9 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 30 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 13 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 19 May 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 6 Jul 2021 Company’s own · audited e-Äriregister
2019 25 Mar 2019 – 31 Dec 2019 30 Jun 2020 Company’s own e-Äriregister

Commercial pledges

No. Amount Pledgee Period
1 300 000 € Luminor Bank AS 1 Aug 2019 – in force

Board

  • Kaspar Kokk
    Board member · since 25 Mar 2019
  • Peip Reedi
    Board member · since 2 Jul 2019
  • Nasdaq CSD SE
    Keeper of the share register · since 13 Jun 2019

Right of representation

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

Owners

Beneficial owners

  • Peip Reedi
    Member of a senior management body (management or supervisory board) · since 3 Oct 2022
  • Kaspar Kokk
    Indirect ownership · since 14 Sep 2022
  • Rein Kilk
    Indirect ownership · since 14 Sep 2022

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds Main
Rulings
Number, date Title Deadline State Document
Ä 50115807 / 6
20 Jul 2022
Amendment entry In force
20 Jul 2022
PDF
Ä 50115807 / M2
11 Jul 2022
Procedural ruling 26 Jul 2022 Deficiencies eliminated
20 Jul 2022
PDF
Ä 50115807 / 5
20 Jan 2022
Amendment entry In force
20 Jan 2022
PDF
K 50115807 / 4
1 Aug 2019
Commercial pledge entered In force
1 Aug 2019
PDF
Ä 50115807 / 3
2 Jul 2019
Amendment entry In force
2 Jul 2019
PDF
Ä 50115807 / M1
19 Jun 2019
Ruling to eliminate deficiencies 14 Jul 2019 Deficiencies eliminated
2 Jul 2019
PDF
Ä 50115807 / 2
13 Jun 2019
Amendment entry In force
13 Jun 2019
PDF
Ä 50115807
25 Mar 2019
First entry In force
25 Mar 2019
PDF

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