Nortech Development OÜ

Active Registry code 16454223 OÜ Tallinn Registered 4 Mar 2022
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Nortech Development OÜ is a OÜ based in Tallinn, registry code 16454223, status: active. Main activity: Computer programming activities. Its annual report for 2025 shows revenue of €135 160 and 1 employees.

Turnover
—
State taxes
71 €
↓ 74.8% vs Q2 2025
Labour taxes
71 €
↓ 74.8% vs Q2 2025
Employees
—

Q3 2025 · data from the Tax and Customs Board (EMTA)

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

  • Revenue · 2025 135 160 €
    industry median 14 306 € · companies in the industry: 13 342
  • Net profit margin · 2025 -6.2 %
    industry median 15.1 % · companies in the industry: 8 946

Taxes and turnover

Q4 2022 – Q3 2025
Turnover, € Q1 2025: 26 040 € · −25.0% vs Q4 2024 · industry median 20 692 € · above 57% of the industry
010 00020 00030 00040 000Q4 2022 Company: 38 130 € Industry median: 21 000 €Q4·22Q1 2023 Company: 38 476 € Industry median: 20 636 €Q2 2023 Company: 36 580 € Industry median: 20 403 €Q2·23Q3 2023 Company: 32 550 € Industry median: 20 184 €Q4 2023 Company: 36 580 € Industry median: 20 651 €Q4·23Q1 2024 Company: 31 036 € Industry median: 20 684 €Q2 2024 Company: 34 100 € Industry median: 20 460 €Q2·24Q3 2024 Company: 39 389 € Industry median: 19 818 €Q4 2024 Company: 34 720 € Industry median: 20 478 €Q4·24Q1 2025 Company: 26 040 € Industry median: 20 692 €Q2 2025 Company: — Industry median: 21 050 €Q2·25Q3 2025 Company: — Industry median: 20 336 €Q3·25010 00020 00030 00040 000Q4 2023 Company: 36 580 € Industry median: 20 651 €Q1 2024 Company: 31 036 € Industry median: 20 684 €Q1·24Q2 2024 Company: 34 100 € Industry median: 20 460 €Q3 2024 Company: 39 389 € Industry median: 19 818 €Q3·24Q4 2024 Company: 34 720 € Industry median: 20 478 €Q1 2025 Company: 26 040 € Industry median: 20 692 €Q1·25Q2 2025 Company: — Industry median: 21 050 €Q3 2025 Company: — Industry median: 20 336 €Q3·25
  • 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 2025: 71 € · −74.8% vs Q2 2025
0100200300Q4 2022 Company: —Q4·22Q1 2023 Company: —Q2 2023 Company: —Q2·23Q3 2023 Company: —Q4 2023 Company: —Q4·23Q1 2024 Company: 0 €Q2 2024 Company: —Q2·24Q3 2024 Company: —Q4 2024 Company: —Q4·24Q1 2025 Company: —Q2 2025 Company: 282 €Q2·25Q3 2025 Company: 71 €Q3·250100200300Q4 2023 Company: —Q1 2024 Company: 0 €Q1·24Q2 2024 Company: —Q3 2024 Company: —Q3·24Q4 2024 Company: —Q1 2025 Company: —Q1·25Q2 2025 Company: 282 €Q3 2025 Company: 71 €Q3·25
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2025 — 71 71 —
Q2 2025 — 282 282 —
Q1 2025 26 040 — — —
Q4 2024 34 720 — — —
Q3 2024 39 389 — — —
Q2 2024 34 100 — — —
Q1 2024 31 036 — — —
Q4 2023 36 580 — — —
Q3 2023 32 550 — — —
Q2 2023 36 580 — — —
Q1 2023 38 476 — — —
Q4 2022 38 130 — — —
Q3 2022 25 346 — — —

Financials by year

2022 – 2025
Revenue, € thousand 2025: 135 160 € · −5.8% vs 2024 · industry median 14 306 € · above 82% of the industry
0501001502022 Company: 77 116 € Industry median: 15 000 €20222023 Company: 138 570 € Industry median: 15 500 €20232024 Company: 143 530 € Industry median: 13 774 €20242025 Company: 135 160 € Industry median: 14 306 €20250501001502022 Company: 77 116 € Industry median: 15 000 €2023 Company: 138 570 € Industry median: 15 500 €20232024 Company: 143 530 € Industry median: 13 774 €2025 Company: 135 160 € Industry median: 14 306 €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: -8 397 € · −387.9% vs 2024 · industry median 105 € · above 12% of the industry
-10 000010 00020 00030 0002022 Company: 26 037 € Industry median: 299 €20222023 Company: -5 854 € Industry median: 382 €20232024 Company: 2 917 € Industry median: 249 €20242025 Company: -8 397 € Industry median: 105 €2025-10 000010 00020 00030 0002022 Company: 26 037 € Industry median: 299 €2023 Company: -5 854 € Industry median: 382 €20232024 Company: 2 917 € Industry median: 249 €2025 Company: -8 397 € Industry median: 105 €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: -6.2 % · −8.2 pp vs the year before · industry median 15.1 % · above 21% of the industry
-100102030402022 Company: 33.8 % Industry median: 19.1 %20222023 Company: -4.2 % Industry median: 17.7 %20232024 Company: 2.0 % Industry median: 16.2 %20242025 Company: -6.2 % Industry median: 15.1 %2025-100102030402022 Company: 33.8 % Industry median: 19.1 %2023 Company: -4.2 % Industry median: 17.7 %20232024 Company: 2.0 % Industry median: 16.2 %2025 Company: -6.2 % 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: 18 380 € · −29.1% vs 2024
010 00020 00030 0002022 Company: 28 599 €20222023 Company: 22 746 €20232024 Company: 25 914 €20242025 Company: 18 380 €2025010 00020 00030 0002022 Company: 28 599 €2023 Company: 22 746 €20232024 Company: 25 914 €2025 Company: 18 380 €2025
Equity, € 2025: 17 205 € · −32.8% vs 2024
010 00020 00030 0002022 Company: 28 537 €20222023 Company: 22 684 €20232024 Company: 25 602 €20242025 Company: 17 205 €2025010 00020 00030 0002022 Company: 28 537 €2023 Company: 22 684 €20232024 Company: 25 602 €2025 Company: 17 205 €2025
Employees 2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry
0.00.20.40.60.81.02022 Company: 1 Industry median: 120222023 Company: 1 Industry median: 120232024 Company: 1 Industry median: 120242025 Company: 1 Industry median: 120250.00.20.40.60.81.02022 Company: 1 Industry median: 12023 Company: 1 Industry median: 120232024 Company: 1 Industry median: 12025 Company: 1 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 135 160 -8 397 137 053 18 380 17 205 1
2024 143 530 2 917 133 418 25 914 25 602 1
2023 138 570 -5 854 136 200 22 746 22 684 1
2022 77 116 26 037 45 000 28 599 28 537 1

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
-6.2 %
Net profit / revenue
Return on equity (ROE)
-48.8 %
Net profit / equity
Return on assets (ROA)
-45.7 %
Net profit / assets
Equity ratio
93.6 %
Equity / assets
Debt ratio
6.4 %
Liabilities / assets
Current ratio
15.64
Current assets / current liabilities
Revenue per employee
135 160 €
Revenue / average full-time employees
Labour cost per employee per month
11 421 €
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 31 Mar 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 29 Jan 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 21 Feb 2024 Company’s own e-Äriregister
2022 4 Mar 2022 – 31 Dec 2022 20 Feb 2023 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 50197685 / 8
13 Aug 2026
Amendment entry In force
13 Aug 2026
PDF
Ä 50197685 / M3
30 Sep 2025
Demand to pay the state fee 16 Oct 2025 In force
15 Oct 2025
PDF
Ä 50197685 / 7
11 Sep 2025
Amendment entry In force
11 Sep 2025
PDF
Ä 50197685 / 6
1 Sep 2025
Entry made by the register on its own initiative In force
1 Sep 2025
PDF
Ä 50197685 / 5
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 50197685 / 4
1 Feb 2023
Amendment entry In force
1 Feb 2023
PDF
Ä 50197685 / 3
5 Sep 2022
Amendment entry In force
5 Sep 2022
PDF
Ä 50197685 / M2
23 Aug 2022
Procedural ruling In force
23 Aug 2022
PDF
Ä 50197685 / 2
12 May 2022
Amendment entry In force
12 May 2022
PDF
Ä 50197685
4 Mar 2022
First entry In force
4 Mar 2022
PDF
Ä 50197685 / M1
2 Mar 2022
Ruling to eliminate deficiencies 22 Mar 2022 Deficiencies eliminated
4 Mar 2022
PDF

Sources: e-Äriregister and EMTA. Data updated 29 Oct 2026. Open at the source ↗ · Report an error in the data