NicoTech OÜ

Active Registry code 14906891 OÜ Vaela küla Registered 7 Feb 2020

NicoTech OÜ is a OÜ based in Vaela küla, registry code 14906891, status: active. Main activity: Wholesale of tobacco products. According to EMTA, turnover for Q3 2026 was €914 782 with 12 employees.

Turnover

914 782 €

↑ 30.0% vs Q2 2026

State taxes

74 196 €

↓ 10.6% vs Q2 2026

Labour taxes

66 156 €

↑ 7.9% vs Q2 2026

Employees

−5 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 914 782 €

above 86% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 5 513 €

above 88% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2024 1.2 mn €

above 83% of companies

industry median 60 216 € · companies in the industry: 10 685
Net profit margin · 2024 7.8 %

above 67% of companies

industry median 2.9 % · companies in the industry: 7 870

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 914 782 € · +30.0% vs Q2 2026 · industry median 60 065 € · above 86% of the industry

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: 5 513 € · +52.8% vs Q2 2026 · industry median 2 104 € · above 88% of the industry

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: 12 · −29.4% vs Q2 2026

State taxes, € Q3 2026: 74 196 € · −10.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	914 782	74 196	66 156	12
Q2 2026	703 947	83 021	61 339	17
Q1 2026	739 867	60 044	61 356	13
Q4 2025	900 631	53 365	53 126	12
Q3 2025	658 496	55 715	53 838	10
Q2 2025	999 658	56 172	58 109	14
Q1 2025	973 912	39 068	40 180	15
Q4 2024	586 087	28 109	29 397	11
Q3 2024	372 949	14 062	8 942	10
Q2 2024	213 658	—	1 912	5
Q1 2024	500 397	21 906	1 198	1
Q4 2023	613 923	—	9 374	1
Q3 2023	911 774	123 735	16 932	3
Q2 2023	1 314 916	125 508	16 793	3
Q1 2023	903 195	64 220	6 244	3
Q4 2022	1 168 327	110 517	6 144	2
Q3 2022	1 043 877	112 272	5 902	2
Q2 2022	1 073 884	105 821	5 119	2
Q1 2022	458 570	50 777	7 285	2

Labour taxes per employee per month

1 838 €

Turnover per employee in the quarter

76 232 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2024

Revenue, € thousand 2024: 1 243 160 € · −55.4% vs 2023 · industry median 60 216 € · above 83% of the industry

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 2024: 97 329 € · −72.2% vs 2023 · industry median 134 € · above 87% of the industry

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, % 2024: 7.8 % · −4.7 pp vs the year before · industry median 2.9 % · above 67% of the industry

Company
Industry median

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

Assets, € thousand 2024: 840 966 € · +28.8% vs 2023

Equity, € thousand 2024: 727 328 € · +15.4% vs 2023

Employees 2024: 6 · +50.0% vs 2023 · industry median 2 · above 80% of the industry

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
2024	1 243 160	97 329	175 486	840 966	727 328	6
2023	2 789 594	349 536	111 068	653 016	630 000	4
2022	2 677 158	333 674	53 544	423 439	330 930	2
2021	227 928	14 756	13 357	39 211	17 256	2
2020	0	0	0	2 500	2 500	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 2024

Net profit margin

7.8 %

Net profit / revenue

Return on equity (ROE)

13.4 %

Net profit / equity

Return on assets (ROA)

11.6 %

Net profit / assets

Equity ratio

86.5 %

Equity / assets

Debt ratio

13.5 %

Liabilities / assets

Current ratio

3.09

Current assets / current liabilities

Revenue per employee

207 193 €

Revenue / average full-time employees

Labour cost per employee per month

2 437 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2024	1 Jan 2024 – 31 Dec 2024	8 Sep 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	17 Apr 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	4 Jul 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	26 May 2022	Company’s own	e-Äriregister
2020	7 Feb 2020 – 31 Dec 2020	20 Oct 2021	Company’s own	e-Äriregister

Board

Timo Tõnisma
Board member · since 7 Feb 2020

Right of representation

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

Owners

Nauris Spuļģis
Natural person · 1 250 €

50%
Timo Tõnisma
Natural person · 1 250 €

50%

Beneficial owners

Nauris Spuļģis
Direct ownership · since 6 Jul 2021
Timo Tõnisma
Direct ownership · since 7 Feb 2020

Founders and other persons

Timo Tõnisma
Founder · 2 500 € · 4 Feb 2020

shared board members, owners or beneficial owners

Activities (EMTAK)

46351Wholesale of tobacco products Main

Rulings 17

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50139021 / 11 20 May 2024	Amendment entry		In force 20 May 2024	PDF
Ä 50139021 / M6 14 May 2024	Ruling to eliminate deficiencies	1 Jun 2024	Deficiencies eliminated 20 May 2024	PDF
Ä 50139021 / 10 8 Nov 2023	Amendment entry		In force 8 Nov 2023	PDF
Ä 50139021 / M5 31 Oct 2023	Ruling to eliminate deficiencies	16 Nov 2023	Deficiencies eliminated 8 Nov 2023	PDF
Ä 50139021 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 50139021 / 8 3 May 2023	Amendment entry		In force 3 May 2023	PDF
Ä 50139021 / 7 8 Jul 2022	Entry refused: deficiencies not eliminated		In force 29 Jul 2022	PDF
Ä 50139021 / 6 8 Jul 2022	Amendment entry		In force 8 Jul 2022	PDF
Ä 50139021 / M4 1 Jun 2022	Ruling to eliminate deficiencies	21 Jun 2022	In force 1 Jun 2022	PDF
Ä 50139021 / 5 1 Apr 2022	Amendment under Commercial Code § 525 (2)		In force 1 Apr 2022	PDF
Ä 50139021 / 4 22 Mar 2022	Entry refused: deficiencies not eliminated		In force 7 Apr 2022	PDF
Ä 50139021 / 3 22 Mar 2022	Amendment entry		In force 22 Mar 2022	PDF
Ä 50139021 / M3 14 Feb 2022	Ruling to eliminate deficiencies	16 Mar 2022	In force 14 Feb 2022	PDF
Ä 50139021 / 2 18 May 2021	Amendment entry		In force 18 May 2021	PDF
Ä 50139021 / M2 8 Apr 2021	Ruling to eliminate deficiencies	15 Apr 2021	In force 8 Apr 2021	PDF
Ä 50139021 7 Feb 2020	First entry		In force 7 Feb 2020	PDF
Ä 50139021 / M1 4 Feb 2020	Ruling to eliminate deficiencies	24 Feb 2020	Deficiencies eliminated 7 Feb 2020	PDF

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

NicoTech OÜ

Position in the industry Wholesale trade · EMTAK 46

Taxes and turnover

Financials by year

Financial ratios for 2024

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 17