Nords AS

Legal form:: Public limited company
Registry code:: 10377958
VAT no.:: EE100058716
Fiscal-year period:: 01.01 - 31.12
Established:: 05.02.1998 (28 y)
Former business names:: AS Outokumpu Stainless Tubular Products, Aktsiaselts Avesta Polarit Ratas, Aktsiaselts Ratas, Ratas AS
Capital:: 51 120 EUR
Address:: Tule tn 23a, Saue linn, Saue vald, Harju maakond, 76505
Status:: Registered

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Contacts

Phone:: +372 6628099
Email:: info@nordsest.ee
Website:: http://www.nordsinternational.com/

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Industries

MANUFACTURING
Manufacture of fabricated metal products, excl. machinery
Treatment and coating of metals; machining
25531 – Machining

Industry TOPNo. 8 of 267 companies

1.AQ Lasertool OÜ61.5M €
2.AQ Components Kodara OÜ23M €
3.Radius Machining OÜ13.5M €
4.FinEst Steel Aktsiaselts11.7M €
5.Hallberg Mechanics Tartu AS9.1M €
6.osaühing RGR AIRON9M €
7.Sparker OÜ5.9M €
8.Nords AS5.9M €
9.Hissmekano Estonia OÜ5.4M €
10.Laserline OÜ5.2M €

Main activity 25531 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100058716	01.01.1994	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	27.03.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	14.02.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	26.02.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	20.02.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	11.02.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	03.02.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	12.02.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	19.02.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	19.02.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	23.05.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	17.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	31.03.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	11.04.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	26.03.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	26.03.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	18.03.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	12.05.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	21.04.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	09.04.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	29.05.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	07.04.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	15.03.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	16.04.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	22.04.2003	Valid	PDF
2000	01.01.2000 – 31.12.2000	27.04.2001	Valid	PDF

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No unsubmitted declarations as of 14.11.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate1 .ee domains2 Licenses–Regulations35 Public transactions–Grants1 State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	123 001 €	110 571 €	1,23 M €−31,3%	27
2026 Q2	138 136 €	104 948 €	1,79 M €+37,8%	27
2026 Q1	113 144 €	105 582 €	1,30 M €−16,9%	27
Total 2026:	374 281 €	321 101 €	4,33 M €
2025 Q4	123 713 €	113 764 €	1,57 M €+20,8%	26
2025 Q3	110 921 €	113 900 €	1,30 M €−20,3%	27
2025 Q2	113 180 €	101 353 €	1,63 M €+22,8%	26
2025 Q1	100 846 €	100 828 €	1,32 M €−10,5%	26
Total 2025:	448 660 €	429 845 €	5,81 M €
2024 Q4	102 289 €	98 733 €	1,48 M €+37,9%	26
2024 Q3	106 736 €	104 065 €	1,07 M €−27,9%	26
2024 Q2	92 245 €	92 572 €	1,49 M €+32,5%	26
2024 Q1	89 643 €	86 374 €	1,12 M €−14,5%	26
Total 2024:	390 913 €	381 744 €	5,16 M €
2023 Q4	96 487 €	97 211 €	1,31 M €−11,6%	25
2023 Q3	102 549 €	105 365 €	1,49 M €+5,4%	26
2023 Q2	93 628 €	94 495 €	1,41 M €+6,0%	27
2023 Q1	104 599 €	103 521 €	1,33 M €−9,2%	28
Total 2023:	397 263 €	400 592 €	5,54 M €
2022 Q4	70 620 €	88 959 €	1,47 M €+41,4%	30
2022 Q3	88 673 €	91 801 €	1,04 M €−41,7%	26
2022 Q2	103 981 €	81 629 €	1,78 M €+30,1%	25
2022 Q1	83 635 €	80 493 €	1,37 M €−9,5%	27
Total 2022:	346 909 €	342 882 €	5,64 M €
2021 Q4	74 499,12 €	76 100,65 €	1,51 M €+44,7%	26
2021 Q3	80 276,54 €	84 269 €	1,04 M €−18,4%	25
2021 Q2	71 323,48 €	74 219,74 €	1,28 M €+51,1%	26
2021 Q1	69 487,57 €	69 071,63 €	845 979,11 €−27,8%	26
Total 2021:	295 586,71 €	303 661,02 €	4,68 M €
2020 Q4	78 838,50 €	78 701,60 €	1,17 M €+18,4%	27
2020 Q3	77 802,35 €	81 654,40 €	989 606,81 €−16,9%	29
2020 Q2	71 485,65 €	74 610,69 €	1,19 M €+23,3%	29
2020 Q1	75 013 €	77 251 €	966 691 €−26,1%	28
Total 2020:	303 139,50 €	312 217,69 €	4,32 M €
2019 Q4	78 781 €	77 764 €	1,31 M €+58,0%	28
2019 Q3	74 752 €	78 840 €	828 560 €−38,7%	32
2019 Q2	71 066 €	73 327 €	1,35 M €−4,1%	30
2019 Q1	75 812 €	76 029 €	1,41 M €−13,9%	29
Total 2019:	300 411 €	305 960 €	4,90 M €
2018 Q4	72 786 €	75 473 €	1,64 M €+28,8%	29
2018 Q3	73 126 €	84 322 €	1,27 M €−6,9%	26
2018 Q2	72 093 €	71 981 €	1,36 M €+27,9%	27
2018 Q1	71 717 €	75 139 €	1,07 M €−22,2%	28
Total 2018:	289 722 €	306 915 €	5,34 M €
2017 Q4	83 049 €	85 236 €	1,37 M €+2,5%	28
2017 Q3	81 095 €	85 221 €	1,34 M €+4,0%	30
2017 Q2	71 125 €	73 986 €	1,29 M €+29,0%	30
2017 Q1	81 683 €	84 540 €	997 229 €+22,4%	31
Total 2017:	316 952 €	328 983 €	4,99 M €
2016 Q4	79 283 €	82 175 €	814 479 €−5,8%	32
2016 Q3	82 839 €	87 232 €	864 607 €+4,9%	32
2016 Q2	79 632 €	83 155 €	824 196 €+6,8%	32
2016 Q1	75 719 €	77 863 €	771 747 €−4,4%	32
Total 2016:	317 473 €	330 425 €	3,28 M €
2015 Q4	75 617 €	78 075 €	806 993 €−12,8%	32
2015 Q3	85 260 €	89 571 €	925 818 €+8,9%	32
2015 Q2	78 958 €	82 282 €	850 478 €+6,6%	32
2015 Q1	74 342 €	77 159 €	797 527 €	32
Total 2015:	314 177 €	327 087 €	3,38 M €

Revenue by industry

	2023	2024	2025
Machining	4 269 239 €	4 349 189 €	4 756 966 €

Tax debts

No tax debt found

No tax debt as of 14.11.2026

Representatives

	Personal ID code
Heikki Läti	36205XXXXXX	27.05.1962 (64)	Board member	14.08.2019	-

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Shareholders

	Personal ID code
NORDS INTERNATIONAL AB	-	-	Shareholder	51 120 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Tero Tapani Pajunen	-	04.09.1965 (61)	Supervisory-board member	28.09.2023	-
Grant Thornton Baltic OÜ	10384467	18.02.1998 (28)	Audit firm	02.02.2023	-
Anton Vestman	-	13.07.1967 (59)	Supervisory-board member	06.08.2021	-
Marcus Henningsson	-	24.06.1976 (50)	Supervisory-board member	06.08.2021	-
Ralph Abraham	-	06.03.1962 (64)	Supervisory-board member	06.08.2021	-

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Ultimate beneficial owners

	Personal ID code
Anton Vestman	-	13.07.1967 (59)	Member of higher governing body (board or supervisory board)	06.05.2022	-
Per Simon Hedberg	-	01.02.1971 (55)	Member of higher governing body (board or supervisory board)	03.02.2021	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 1 232 371 €
Monthly average: 410 790 €
Per employee: 15 214 €
Equity ratio: 803,58%

Labour taxes

Turnover ratio: 8,97%
Tax ratio: 89,89%
Monthly average: 36 857 €
Per employee: 1 365 €

State taxes

Monthly average: 41 000 €
Turnover ratio: 9,98%

Estimated salary

Gross salary: 2 521 €
Net salary: 2 049 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	2 569 230 €+34,2%	1 915 031 €−3,5%	1 984 493 €−20,9%	2 507 599 €+77,3%	1 413 953 €+27,7%	1 107 560 €−9,8%	1 228 486 €
Non-current assets	2 674 797 €−1,8%	2 724 299 €−1,5%	2 764 886 €+17,7%	2 349 584 €+11,8%	2 102 416 €+217%	662 185 €+39,4%	475 119 €
Total assets	5 244 027 €+13,0%	4 639 330 €−2,3%	4 749 379 €−2,2%	4 857 183 €+38,1%	3 516 369 €+98,7%	1 769 745 €+3,9%	1 703 605 €
Short-term liabilities	357 709 €+19,3%	299 947 €+11,3%	269 582 €−23,3%	351 273 €−5,2%	370 454 €+48,7%	249 071 €−40,1%	416 078 €
Long-term liabilities	2 393 574 €	2 393 574 €−14,9%	2 813 574 €	2 813 574 €+11,9%	2 513 574 €+136%	1 063 574 €+23,2%	863 574 €
Total liabilities	2 751 283 €+2,1%	2 693 521 €−12,6%	3 083 156 €−2,6%	3 164 847 €+9,7%	2 884 028 €+120%	1 312 645 €+2,6%	1 279 652 €
Share or stock capital	51 120 €	51 120 €	51 120 €	51 120 €	51 120 €	51 120 €	51 120 €
Retained earnings	1 888 118 €+17,4%	1 608 532 €−1,6%	1 634 646 €+184%	574 650 €+43,9%	399 409 €+9,1%	366 262 €+22,4%	299 220 €
Net profit	546 935 €+95,6%	279 586 €+1 171%	-26 114 €−102%	1 059 995 €+505%	175 241 €+429%	33 147 €−50,6%	67 042 €
Equity	2 492 744 €+28,1%	1 945 809 €+16,8%	1 666 223 €−1,5%	1 692 336 €+168%	632 341 €+38,3%	457 100 €+7,8%	423 953 €
Turnover	4 756 966 €+9,4%	4 349 189 €+1,9%	4 269 239 €+4,9%	4 069 104 €+13,3%	3 592 956 €+11,0%	3 237 327 €−3,2%	3 344 326 €
Profit margin	11,5%	6,4%	-0,6%	26,0%	4,9%	1,0%	2,0%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	1 217 624 €	277 292 €
Liquidity
Current ratio	7,1	3,8
Quick ratio	1,0	0,5
Cash ratio	0,9	0,4
Efficiency
Days sales outstanding (dso)	5,5	5,0
Asset turnover	1,0	1,4
Structure
Debt ratio	0,7	0,8
Profitability
Operating margin	27,3%	5,5%
Net profit margin	26,0%	4,9%
Return on assets (roa)	25,3%	6,6%
Return on equity (roe)	62,6%	27,7%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10024376 / 26	05.09.2022	Entry – Amendment entry	-	Entered into force05.09.2022
Ä 10024376 / M14	30.08.2022	Directive order	-	Entered into force30.08.2022
Ä 10024376 / 25	06.05.2022	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force06.05.2022
Ä 10024376 / M13	11.03.2022	Order to remedy deficiencies – Amendment entry	21.03.2022	Deficiencies remedied11.03.2022
Ä 10024376 / 24	11.03.2022	Entry – Amendment entry	-	Entered into force11.03.2022

Real estate

		Purpose
Tule tn 23a, Saue linn, Saue vald, Harju maakond	9999 m²	Industrial land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions

No public transactions found

Company has no public transactions

Funded projects


Tootmise efektiivsuse tõstmise parendusprojekt nr 11.4.0501.15-4816	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	19.01.2015 – 30.06.20152007-2013	3 200 €	3 200 €	Completed

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


nordsest.ee	Active	18.01.2022	19.01.2027
ratas-as.ee	Active	03.07.2013	04.07.2027

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.