Nordecon AS

Legal form:: Public limited company
Registry code:: 10099962
VAT no.:: EE100068463
Fiscal-year period:: 01.01 - 31.12
Established:: 04.11.1996 (29 y)
Former business names:: AS EESTI EHITUS, AS Nordecon International, Osaühing EESTI EHITUS
Capital:: 14 378 485,72 EUR
Address:: Toompuiestee 35, Põhja-Tallinna linnaosa, Tallinn, Harju maakond, 10149
Status:: Registered
LEI code:: 48510000D8HSLK854I81
E-invoice reception:: Unifiedpost

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Contacts

Phone:: +372 6154400
Email:: nordecon@nordecon.com
Website:: www.nordecon.com

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Industries

Industry TOPNo. 3 of 5076 companies

1.Aktsiaselts Merko Ehitus Eesti181.9M €
2.Osaühing Mapri Ehitus158.8M €
3.Nordecon AS158M €
4.OÜ NOBE139.5M €
5.Embach Ehitus OÜ85.5M €
6.OÜ Ehitustrust83.2M €
7.aktsiaselts EHITUSFIRMA RAND JA TUULBERG62.9M €
8.Ehitus5ECO OÜ51.4M €
9.Mitt & Perlebach OÜ51.1M €
10.OÜ Metropoli Ehitus48.2M €

Main activity 41001 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100068463	01.01.1994	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	12.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	27.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	12.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	16.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	13.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	16.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	12.06.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	07.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	13.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	08.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	26.05.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	21.05.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	29.05.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	27.05.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	12.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	04.05.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	04.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	25.05.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	25.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	04.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	04.05.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	17.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	25.06.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	27.06.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	26.06.2002	Valid	PDF

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Tax debt Reports Declarations Court decisions46 Official announcements171 TTJA decisions–Real estate102 .ee domains9 Licenses5 Regulations83 Public transactions495 Grants8 State aid11 Public procurement299 Holdings in companies13 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	3,86 M €	1,25 M €	57,7 M €+71,7%	137
2026 Q2	1,47 M €	1,03 M €	33,6 M €+11,0%	142
2026 Q1	0 €	1,20 M €	30,3 M €−16,9%	134
Total 2026:	5,34 M €	3,48 M €	121,6 M €
2025 Q4	3,44 M €	1,65 M €	36,4 M €+37,2%	130
2025 Q3	2,77 M €	1,38 M €	26,6 M €+7,3%	129
2025 Q2	1,64 M €	1,06 M €	24,7 M €−9,1%	133
2025 Q1	1,94 M €	915 442 €	27,2 M €−27,5%	126
Total 2025:	9,79 M €	5,00 M €	114,9 M €
2024 Q4	2,03 M €	838 757 €	37,6 M €−2,6%	130
2024 Q3	2,72 M €	1,01 M €	38,6 M €+5,5%	135
2024 Q2	1,73 M €	905 443 €	36,5 M €+25,6%	142
2024 Q1	2,80 M €	1,21 M €	29,1 M €+24,8%	141
Total 2024:	9,27 M €	3,97 M €	141,7 M €
2023 Q4	1,59 M €	921 956 €	23,3 M €−0,6%	145
2023 Q3	1,36 M €	869 784 €	23,4 M €−21,0%	145
2023 Q2	1,80 M €	806 429 €	29,7 M €−20,4%	143
2023 Q1	2,45 M €	1,08 M €	37,3 M €−19,2%	147
Total 2023:	7,20 M €	3,68 M €	113,8 M €
2022 Q4	1,48 M €	986 972 €	46,2 M €−4,4%	156
2022 Q3	1,89 M €	1,05 M €	48,3 M €+3,0%	188
2022 Q2	2,08 M €	1,02 M €	46,9 M €+15,6%	205
2022 Q1	1,72 M €	1,06 M €	40,6 M €−14,6%	199
Total 2022:	7,18 M €	4,11 M €	182,0 M €
2021 Q4	1,40 M €	901 794,19 €	47,5 M €+17,8%	203
2021 Q3	1,64 M €	1,10 M €	40,3 M €+26,1%	213
2021 Q2	1,66 M €	1,04 M €	32,0 M €−0,6%	213
2021 Q1	2,25 M €	924 971,47 €	32,2 M €−8,8%	215
Total 2021:	6,95 M €	3,96 M €	151,9 M €
2020 Q4	1,74 M €	957 869,34 €	35,3 M €−14,6%	216
2020 Q3	2,62 M €	1,45 M €	41,3 M €+24,2%	212
2020 Q2	1,88 M €	932 520,61 €	33,3 M €+4,0%	223
2020 Q1	2,29 M €	978 341 €	32,0 M €−9,2%	221
Total 2020:	8,52 M €	4,32 M €	141,9 M €
2019 Q4	894 369 €	922 135 €	35,2 M €−6,2%	226
2019 Q3	2,04 M €	986 995 €	37,5 M €+36,0%	254
2019 Q2	1,52 M €	1,07 M €	27,6 M €+32,5%	232
2019 Q1	1,70 M €	982 422 €	20,8 M €−36,6%	203
Total 2019:	6,16 M €	3,96 M €	121,2 M €
2018 Q4	2,50 M €	1,31 M €	32,9 M €−15,3%	205
2018 Q3	2,57 M €	1,25 M €	38,8 M €+38,7%	268
2018 Q2	1,68 M €	1,04 M €	28,0 M €+9,1%	279
2018 Q1	1,63 M €	984 620 €	25,6 M €−28,7%	268
Total 2018:	8,37 M €	4,58 M €	125,3 M €
2017 Q4	2,02 M €	936 825 €	36,0 M €−17,7%	271
2017 Q3	2,29 M €	1,29 M €	43,7 M €+20,2%	281
2017 Q2	1,37 M €	1,12 M €	36,4 M €+14,1%	298
2017 Q1	1,46 M €	990 503 €	31,9 M €+6,5%	265
Total 2017:	7,14 M €	4,34 M €	147,9 M €
2016 Q4	2,51 M €	1,04 M €	29,9 M €−7,2%	319
2016 Q3	1,62 M €	1,12 M €	32,3 M €−15,2%	319
2016 Q2	1,94 M €	1,32 M €	38,0 M €+64,8%	319
2016 Q1	1,33 M €	801 395 €	23,1 M €+7,9%	319
Total 2016:	7,40 M €	4,28 M €	123,3 M €
2015 Q4	2,70 M €	967 513 €	21,4 M €+2,3%	313
2015 Q3	1,54 M €	945 481 €	20,9 M €−49,5%	313
2015 Q2	1,98 M €	1,87 M €	41,4 M €+130%	313
2015 Q1	1,61 M €	815 405 €	18,0 M €	313
Total 2015:	7,82 M €	4,60 M €	101,8 M €

Revenue by industry

	2023	2024	2025
Construction of residential and non-residential buildings	92 701 000 €	129 148 000 €	92 905 000 €
Construction of other civil engineering projects n.e.c.		3 332 000 €	7 118 000 €
Construction of roads and motorways		537 000 €	4 034 000 €
Construction engineering design and consultancy	2 093 000 €	1 807 000 €	2 016 000 €
Buying and selling of own real estate		80 000 €
Development of building projects	4 382 000 €
Other specialised construction activities n.e.c.	752 000 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Deniss Berman	38706XXXXXX	17.06.1987 (39)	Board member	02.01.2025	-
Tarmo Pohlak	37410XXXXXX	04.10.1974 (52)	Board member	06.06.2023	-
Maret Tambek	46702XXXXXX	06.02.1967 (59)	Board member	04.05.2017	-

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Shareholders

	Personal ID code
AS Nordic Contractors	10359185	06.01.1998 (28)	Shareholder	7 429 244,96 EUR	51,67%	Sole ownership	03.06.2026	-
Aktsiaselts Luksusjaht	10373446	26.02.1998 (28)	Shareholder	1 924 064,50 EUR	13,38%	Sole ownership	28.02.2024	-

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Other persons

	Personal ID code
Andre Luman	38407XXXXXX	24.07.1984 (42)	Supervisory-board member	04.06.2025	-
Sandor Liive	37002XXXXXX	25.02.1970 (56)	Supervisory-board member	04.06.2025	-
Vello Kahro	35802XXXXXX	25.02.1958 (68)	Supervisory-board member	04.06.2025	-
Toomas Luman	35910XXXXXX	30.10.1959 (66)	Chairman of the supervisory board	04.06.2025	-
Andri Hõbemägi	37203XXXXXX	16.03.1972 (54)	Supervisory-board member	04.06.2025	-

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Holdings in companies


Eston Ehitus OÜ	20.10.2020	Shareholder	2 500 EUR	100,00%	Sole ownership	01.09.2023	-
OÜ Aspi	01.04.2009	Shareholder	2 562 EUR	100,00%	Sole ownership	02.09.2023	-
OÜ EE Ressursid	05.01.1998	Shareholder	6 515 EUR	100,00%	Sole ownership	24.03.2025	-
OÜ Eesti Ehitus	03.04.2009	Shareholder	2 562 EUR	100,00%	Sole ownership	02.09.2023	-
OÜ Eurocon	24.09.2009	Shareholder	2 658 EUR	100,00%	Sole ownership	13.12.2023	-

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2026 Q3

Turnover

Amount: 57 691 433 €
Monthly average: 19 230 478 €
Per employee: 140 368 €
Equity ratio: 133,74%

Labour taxes

Turnover ratio: 2,16%
Tax ratio: 32,24%
Monthly average: 415 342 €
Per employee: 2 977 €

State taxes

Monthly average: 1 288 247 €
Turnover ratio: 6,70%

Estimated salary

Gross salary: 5 272 €
Net salary: 4 118 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	-	-	36 338 000 €−3,5%	37 654 000 €−6,8%	40 383 000 €+11,2%	36 303 000 €+10,9%	32 741 000 €
Non-current assets	-	-	50 275 000 €−8,9%	55 163 000 €+5,9%	52 101 000 €+3,7%	50 233 000 €+7,5%	46 728 000 €
Total assets	89 431 000 €+9,6%	81 576 000 €−5,8%	86 613 000 €−6,7%	92 817 000 €+0,4%	92 484 000 €+6,9%	86 536 000 €+8,9%	79 469 000 €
Short-term liabilities	-	-	51 347 000 €−22,8%	66 517 000 €+9,5%	60 760 000 €+14,2%	53 213 000 €+26,3%	42 119 000 €
Long-term liabilities	-	-	11 577 000 €+178%	4 161 000 €−25,5%	5 588 000 €−4,3%	5 841 000 €−44,2%	10 463 000 €
Total liabilities	-	-	62 924 000 €−11,0%	70 678 000 €+6,5%	66 348 000 €+12,4%	59 054 000 €+12,3%	52 582 000 €
Share or stock capital	-	-	14 378 000 €	14 378 000 €	14 378 000 €	14 378 000 €	14 378 000 €
Retained earnings	-	-	4 677 000 €−46,1%	8 674 000 €+6,7%	8 128 000 €+3,7%	7 836 000 €+23,1%	6 367 000 €
Net profit	-	-	1 550 000 €+139%	-3 997 000 €−832%	546 000 €−75,0%	2 184 000 €−28,7%	3 064 000 €
Equity	-	-	23 689 000 €+7,0%	22 139 000 €−15,3%	26 136 000 €−4,9%	27 482 000 €+2,2%	26 887 000 €
Turnover	106 073 000 €−21,4%	134 904 000 €+35,0%	99 928 000 €−36,8%	158 006 000 €+14,5%	137 980 992 €	138 050 000 €+13,1%	122 041 000 €
Profit margin	-	-	1,6%	-2,5%	0,4%	1,6%	2,5%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	0,6	0,7
Quick ratio	0,5	0,5
Cash ratio	0,0	0,0
Efficiency
Days sales outstanding (dso)	-	-
Asset turnover	-	-
Structure
Debt ratio	0,8	0,7
Profitability
Operating margin	-	-
Net profit margin	-	-
Return on assets (roa)	-	-
Return on equity (roe)	-	-

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Licences & notices


Notice of economic activity	FEH000166	Construction and maintenance	Valid	01.06.2022	-
Notice of economic activity	E 86/2003	Heritage protection	Valid	14.01.2014	-
Notice of economic activity	EL10099962-0001	Electrical works	Valid	21.10.2003	-
Notice of economic activity	EH10099962-0001	Construction	Valid	20.02.2003	-
Notice of economic activity	EP10099962-0001	Design / engineering	Valid	20.02.2003	-

Regulations


Ä 10006692 / 54	02.01.2025	Entry – Amendment entry	-	Entered into force02.01.2025
Ä 10006692 / M16	17.12.2024	Directive order – Amendment entry	-	Entered into force17.12.2024
Ä 10006692 / 53	19.01.2024	Entry – Amendment entry	-	Entered into force19.01.2024
Ä 10006692 / M15	09.01.2024	Order to remedy deficiencies – Amendment entry	27.01.2024	Deficiencies remedied19.01.2024
Ä 10006692 / 52	06.06.2023	Entry – Amendment entry	-	Entered into force06.06.2023

Real estate

		Purpose
A. Puškini tn 27, Narva linn, Ida-Viru maakond	4514 m²	Residential land 85%, Commercial land 15%
Allika tn 40, Kärdla linn, Hiiumaa vald, Hiiu maakondSpace: 4	2090 m²	Commercial land 55%, Residential land 45%
Argo, Vaidasoo küla, Rae vald, Harju maakond	40 474 m²	Mining-industry land 100%
Aspi, Nõmme küla, Hiiumaa vald, Hiiu maakond	15 053 m²	Industrial land 100%
Biopuhastusseadmete, Sillaotsa küla, Paide linn, Järva maakond	2560 m²	Waste-storage land 100%

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Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-19-10872/351	Apellatsioonmenetlus	Court judgment	Law of obligations	Peeter Pällin, Vallo Kariler, Geidi Sile	ECLI:EE:TLRK:2026:2.19.10872.15006	15.05.2026	Open
2-19-10872/257	Kohtu I astme menetlus	Court ruling	Law of obligations	Ruth Sild	ECLI:EE:PMK:2024:2.19.10872.6449	10.04.2024	Open
2-21-10575/31	Apellatsioonmenetlus	Court rulingCompromise ruling	Law of obligations	Indrek Soots, Maris Kuurberg, Neve Uudelt	ECLI:EE:TLRK:2022:2.21.10575.22270	21.12.2022	Open
2-20-17182/47	Kohtu I astme menetlus	Court rulingCompromise ruling	Law of obligations	Anna Liiv	ECLI:EE:HMK:2022:2.20.17182.18442	12.10.2022	Open
2-22-10831/8	Kohtu I astme menetlus	Court judgmentDefault judgment	Law of obligations	Eve Grass	ECLI:EE:PMK:2022:2.22.10831.20067	27.09.2022	Open

Official announcements


Notice of auction of immovable property in enforcement proceedings	31.12.2025	PDF
Notice of auction of immovable property in enforcement proceedings	28.11.2025	PDF
Notice of auction of immovable property in enforcement proceedings	11.11.2025	PDF
Notice of auction of immovable property in enforcement proceedings	03.10.2025	PDF
Notice of auction of immovable property in enforcement proceedings	02.09.2025	PDF

Public transactions


31.08.2026	Tallinna Linnavaraamet	711 047,67 €Received	NON-CURRENT ASSETSBasic and general secondary education
30.08.2026	Osaühing Strantum	1 116 444,33 €Received	NON-CURRENT ASSETSOther economy, incl. economic administration
14.08.2026	Eesti Rahvusringhääling	1 291 643,27 €Received	NON-CURRENT ASSETSBroadcasting and publishing services
06.08.2026	Riigi Kinnisvara Aktsiaselts	501 280,64 €Received	NON-CURRENT ASSETSOther general services
30.07.2026	Tallinna Linnavaraamet	410 466,22 €Received	NON-CURRENT ASSETSBasic and general secondary education

Funded projects


Tehisintellekti koolitus20.1.01.25-0956	Majanduse digipöörde toetamineRRF · Riigi Tugiteenuste Keskus	01.04.2025 – 30.09.20252020-2026	4 000 €support 50,0%	4 000 €	Completed
Personalitöö baaskoolitus 2010 (kuuest kahepäevasest koolitusest koosnev õppeprogramm personalitöötajatele, mahuga 96 akadeemilist tundi)1.4.0501.10-2895	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.09.2010 – 31.05.20112007-2013	3 501,46 €	3 501,46 €	Completed
Kuuest moodulist koosnev juhtimiskoolitus "Uue juhi kool"1.4.0501.09-1482	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	16.12.2009 – 31.08.20102007-2013	6 576,51 €	6 576,51 €	Completed
Muudatuste juhtimise koolitus kontsernis Eesti Ehitus1.4.0501.09-0258	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	13.01.2009 – 31.03.20092007-2013	13 421,45 €	13 421,45 €	Completed
AS Eesti Ehitus kontsernistrateegia ja organisatsioon 2008-2011 II faas1.4.0501.08-0117	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	06.10.2008 – 19.12.20082007-2013	22 145,39 €	22 145,39 €	Completed

State aid


31.03.2025	Riigi Tugiteenuste KeskusAid measure 241702	Muu › MuuGrant	2 000 €	241702/2500008
01.05.2024	Sihtasutus Tallinna Teaduspark TEHNOPOLAid measure 231551	Muu › MuuGrant	15 000 €	231551/2400006
14.02.2024	Tallinna TehnikaülikoolAid measure 221436	Nõustamine VTA › Nõustamine VTAGrant	800 €	221436/2400078
20.04.2023	Sihtasutus Tallinna Teaduspark TEHNOPOLAid measure 231551	Muu › MuuGrant	35 000 €	231551/2300008
28.02.2022	Eesti TöötukassaAid measure 20985	Palgatoetus VTA › Palgatoetus VTAGrant	2 677,50 €	20985/2202634

Public procurement contracts


02.06.2026End 30.11.2026	Reference number 305380 · Töövõtuleping	Sihtasutus Eesti Rahvusvahelise Arengukoostöö KeskusContracting authority	1 295 294,30 €	Concluded
23.02.2026End 23.09.2027	Reference number 295643 · TÖÖVÕTULEPING	AKTSIASELTS TALLINNA VESIContracting authority	11 798 000 €	Concluded
19.02.2026End 18.08.2027	Reference number 296015 · EHITUSE TÖÖVÕTULEPINGU	Tallinna LinnavaraametContracting authority	12 588 000 €	Concluded
30.12.2025End 31.12.2035	Reference number 294318 · Allianss leping	Riigi Kinnisvara AktsiaseltsContracting authority	8 560 000 €	Concluded
24.11.2025End 30.11.2026	Reference number 299175 · Töövõtuleping	Sihtasutus Eesti Rahvusvahelise Arengukoostöö KeskusContracting authority	1 014 474,87 €	Concluded

.ee domains


seileri.ee	Active	28.07.2020	29.07.2027
tariston.ee	Active	06.10.2016	07.10.2027
tammelinn.ee	Active	05.03.2014	06.03.2027
nordecon.ee	Active	04.07.2010	06.11.2028
eston.ee	Active	04.07.2010	01.09.2027

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.