Osaühing Nordic Hotels

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	06.04.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	20.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	09.02.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	01.02.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	01.03.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	18.02.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	28.02.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	14.02.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	20.02.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	27.01.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	19.02.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	02.03.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	10.03.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	13.02.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	21.02.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	21.03.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	05.04.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	02.04.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	30.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	23.05.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	30.06.2006	Valid	PDF

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Tax debt Reports Declarations Court decisions1 Official announcements6 TTJA decisions–Real estate–.ee domains2 Licenses3 Regulations40 Public transactions1087 Grants4 State aid45 Public procurement27 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	422 047 €	333 077 €	3,11 M €+24,7%	139
2026 Q2	344 502 €	293 306 €	2,50 M €+19,3%	151
2026 Q1	313 623 €	320 765 €	2,09 M €−20,0%	136
Total 2026:	1,08 M €	947 148 €	7,71 M €
2025 Q4	360 587 €	314 781 €	2,62 M €−20,0%	139
2025 Q3	451 279 €	358 669 €	3,27 M €+35,3%	132
2025 Q2	362 636 €	309 668 €	2,42 M €+10,7%	150
2025 Q1	313 908 €	316 342 €	2,19 M €−10,6%	135
Total 2025:	1,49 M €	1,30 M €	10,5 M €
2024 Q4	299 556 €	318 887 €	2,44 M €−24,2%	143
2024 Q3	295 726 €	314 822 €	3,23 M €+26,9%	145
2024 Q2	275 201 €	287 313 €	2,54 M €+5,3%	138
2024 Q1	302 598 €	289 951 €	2,41 M €−4,1%	135
Total 2024:	1,17 M €	1,21 M €	10,6 M €
2023 Q4	269 009 €	281 486 €	2,52 M €−15,9%	130
2023 Q3	281 966 €	298 652 €	2,99 M €+18,8%	129
2023 Q2	242 504 €	258 597 €	2,52 M €+17,7%	126
2023 Q1	254 099 €	270 433 €	2,14 M €−7,5%	123
Total 2023:	1,05 M €	1,11 M €	10,2 M €
2022 Q4	241 333 €	256 665 €	2,31 M €−6,1%	129
2022 Q3	238 345 €	253 734 €	2,47 M €+24,2%	130
2022 Q2	187 064 €	198 910 €	1,99 M €+93,5%	130
2022 Q1	159 374 €	170 448 €	1,03 M €−15,5%	108
Total 2022:	826 116 €	879 757 €	7,79 M €
2021 Q4	149 062,84 €	159 184,88 €	1,21 M €+395%	92
2021 Q3	0 €	36 190,15 €	245 573,22 €+4 117%	75
2021 Q2	10 216,40 €	10 302,54 €	5 822,88 €−82,8%	7
2021 Q1	16 251,11 €	16 629,88 €	33 815,80 €−46,4%	6
Total 2021:	175 530,35 €	222 307,45 €	1,50 M €
2020 Q4	129 330,70 €	136 724,19 €	63 062,86 €−89,7%	6
2020 Q3	174 807,01 €	102 589,37 €	614 707,52 €+175%	8
2020 Q2	170 760,45 €	153 896,24 €	223 277,60 €−87,6%	75
2020 Q1	223 579 €	240 342 €	1,80 M €−23,4%	124
Total 2020:	698 477,16 €	633 551,80 €	2,71 M €
2019 Q4	208 469 €	219 410 €	2,36 M €−16,4%	132
2019 Q3	291 243 €	246 923 €	2,82 M €+34,8%	155
2019 Q2	241 266 €	202 162 €	2,09 M €+16,8%	136
2019 Q1	225 332 €	241 742 €	1,79 M €−20,9%	127
Total 2019:	966 310 €	910 237 €	9,06 M €
2018 Q4	198 508 €	211 049 €	2,26 M €−18,0%	143
2018 Q3	287 413 €	242 891 €	2,76 M €+13,1%	134
2018 Q2	241 817 €	214 199 €	2,44 M €+21,1%	144
2018 Q1	212 634 €	228 409 €	2,02 M €−20,8%	133
Total 2018:	940 372 €	896 548 €	9,48 M €
2017 Q4	213 111 €	214 878 €	2,55 M €−6,1%	133
2017 Q3	286 251 €	239 914 €	2,71 M €+26,4%	132
2017 Q2	241 177 €	198 760 €	2,15 M €+26,8%	144
2017 Q1	275 767 €	221 279 €	1,69 M €−11,3%	128
Total 2017:	1,02 M €	874 831 €	9,10 M €
2016 Q4	187 308 €	197 199 €	1,91 M €−11,9%	120
2016 Q3	275 879 €	223 869 €	2,16 M €+16,9%	120
2016 Q2	225 197 €	191 455 €	1,85 M €−7,3%	120
2016 Q1	193 364 €	206 499 €	2,00 M €+8,5%	120
Total 2016:	881 748 €	819 022 €	7,92 M €
2015 Q4	181 503 €	189 680 €	1,84 M €−14,8%	1
2015 Q3	273 387 €	222 682 €	2,16 M €+23,3%	1
2015 Q2	199 345 €	180 600 €	1,75 M €−8,4%	1
2015 Q1	183 679 €	197 226 €	1,91 M €	1
Total 2015:	837 914 €	790 188 €	7,67 M €

Revenue by industry

	2023	2024	2025
Hotels	7 007 458 €	6 926 584 €	6 996 143 €
Activities of restaurants and cafés		2 514 994 €	2 351 975 €
Other services n.e.c.		629 810 €	427 395 €
Restaurants and other food service establishments	2 377 487 €
Other service activities	636 144 €

Tax debts

No tax debt found

No tax debt as of 21.10.2026

Representatives

	Personal ID code
Karin Põldma-Lill	47307XXXXXX	24.07.1973 (53)	Board member	19.01.2026	-
Sten-Erik Mägus	39408XXXXXX	07.08.1994 (32)	Board member	19.01.2026	-
Feliks Mägus	36008XXXXXX	10.08.1960 (66)	Board member	10.10.2005	-

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Shareholders

	Personal ID code
Tiiter OÜ	10845342	26.02.2002 (24)	Shareholder	66 236 EUR	100,00%	Sole ownership	07.01.2026	-

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Other persons

	Personal ID code
Audit & Review OÜ	16017505	28.07.2020 (6)	Audit firm	09.01.2026	-
Mati Nõmmiste	35702XXXXXX	18.02.1957 (69)	Auditor of non-cash contribution	05.10.2007	-
Harri Veering	-	-	Founder	27.06.2005	-

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Ultimate beneficial owners

	Personal ID code
Feliks Mägus	36008XXXXXX	10.08.1960 (66)	Direct holding	11.09.2018	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 3 114 419 €
Monthly average: 1 038 140 €
Per employee: 7 469 €
Equity ratio: 1 567,33%

Labour taxes

Turnover ratio: 10,69%
Tax ratio: 78,92%
Monthly average: 111 026 €
Per employee: 766 €

State taxes

Monthly average: 140 682 €
Turnover ratio: 13,55%

Estimated salary

Gross salary: 1 498 €
Net salary: 1 280 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 397 338 €+18,0%	1 184 118 €−6,2%	1 261 850 €+21,8%	1 036 213 €+9,0%	950 605 €−13,3%	1 096 494 €−67,8%	3 404 899 €
Non-current assets	865 618 €−16,4%	1 035 731 €−11,9%	1 175 353 €−11,8%	1 332 207 €−6,4%	1 422 895 €+280%	374 179 €−5,2%	394 583 €
Total assets	2 262 956 €+1,9%	2 219 849 €−8,9%	2 437 203 €+2,9%	2 368 420 €−0,2%	2 373 500 €+61,4%	1 470 673 €−61,3%	3 799 482 €
Short-term liabilities	866 541 €−22,2%	1 114 297 €−11,1%	1 252 754 €−1,6%	1 273 098 €+28,4%	991 708 €+2 110%	44 865 €−93,8%	721 172 €
Long-term liabilities	31 368 €−4,2%	32 729 €−80,1%	164 572 €−60,8%	420 108 €−31,1%	610 131 €	-	-
Total liabilities	897 909 €−21,7%	1 147 026 €−19,1%	1 417 326 €−16,3%	1 693 206 €+5,7%	1 601 839 €+3 470%	44 865 €−93,8%	721 172 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	999 963 €+5,6%	947 017 €+57,2%	602 354 €−13,8%	698 801 €−48,3%	1 352 948 €−47,6%	2 580 450 €+14,2%	2 258 671 €
Net profit	292 224 €+452%	52 946 €−84,6%	344 663 €+457%	-96 447 €+85,3%	-654 147 €+46,7%	-1 227 502 €−264%	746 779 €
Equity	1 365 047 €+27,2%	1 072 823 €+5,2%	1 019 877 €+51,0%	675 214 €−12,5%	771 661 €−45,9%	1 425 808 €−53,7%	3 078 310 €
Turnover	9 775 513 €−2,9%	10 071 388 €+0,5%	10 021 089 €+26,9%	7 896 078 €+345%	1 775 864 €−4,0%	1 849 374 €−79,0%	8 802 124 €
Profit margin	3,0%	0,5%	3,4%	-1,2%	-36,8%	-66,4%	8,5%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	319 256 €	-496 837 €
Liquidity
Current ratio	0,8	1,0
Quick ratio	0,8	0,9
Cash ratio	0,3	0,6
Efficiency
Days sales outstanding (dso)	20,6	37,0
Asset turnover	3,3	0,9
Structure
Debt ratio	0,7	0,7
Profitability
Operating margin	1,1%	-35,9%
Net profit margin	-1,2%	-36,8%
Return on assets (roa)	-4,1%	-34,0%
Return on equity (roe)	-14,3%	-84,8%

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Licences & notices


Notice of economic activity	KTO007734	Commerce	Valid	04.12.2007	-
Notice of economic activity	KTO007735	Commerce	Valid	04.12.2007	-
Notice of economic activity	KTO007736	Commerce	Valid	04.12.2007	-

Regulations


Ä 10089697 / 29	19.01.2026	Entry – Amendment entry	-	Entered into force19.01.2026
Ä 10089697 / 28	13.01.2026	Negative entry order – Amendment entry	-	Entered into force29.01.2026
Ä 10089697 / 27	09.01.2026	Entry – Amendment entry	-	Entered into force09.01.2026
Ä 10089697 / 26	10.09.2020	Entry – Amendment entry	-	Entered into force10.09.2020
K 10089697 / 25	25.03.2019	Entry – Commercial-pledge cancellation entry	-	Entered into force25.03.2019

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


1-13-8100/8	Kohtu I astme menetlus	Court judgment	-	Ingrid Kullerkann	ECLI:EE:HMK:2013:1.13.8100.26907	15.10.2013	Open

Official announcements


Notice of division of a company	07.03.2017	PDF
Notice of division of a company	23.01.2017	PDF
Notices of commercial and non-profit associations and foundations	28.06.2013	PDF
Notices of commercial and non-profit associations and foundations	15.04.2013	PDF
Notices of commercial and non-profit associations and foundations	02.07.2012	PDF

Public transactions


15.09.2026	Tartu Linnavalitsus	99 €Received	OPERATING EXPENSESGeneral economic development projects
14.08.2026	Eesti Töötukassa	700 €Received	OTHER GRANTSSocial protection of the unemployed
14.08.2026	Eesti Töötukassa	457,23 €Received	OTHER GRANTSSocial protection of the unemployed
11.08.2026	Sihtasutus Kultuuri- ja hariduskeskus Viimsi Artium	415,80 €Received	OPERATING EXPENSESOther leisure, culture and religion, incl. administration
07.08.2026	Tallinna Ülikool	476 €Received	OPERATING EXPENSESTertiary education

Funded projects


Eestit tutvustav kontaktivaba hotell Tallinna kesklinnas2014-2020.5.01.21-2133	Ettevõtlikkuse kasvatamine, ettevõtluse kasvu soodustamine, ettevõtluskeskkonna arendamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	08.01.2021 – 31.12.20212014-2020	221 779 €support 80,0%	221 777,34 €	Completed
Eriline teenindus ja lisamüük Nordic Hotel Forumis1.4.0501.11-3894	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	03.04.2011 – 13.04.20112007-2013	4 700 €	4 700 €	Completed
Nordic Hotel Forumi turundus3.1.0501.09-0026	Ettevõtja turismiturunduse toetamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	28.07.2009 – 27.07.20122007-2013	191 351,48 €	164 715,95 €	Completed
Arenguprogramm eesmärgiga toetada Nordic Hotel Forumi filosoofiat ja teeninduskontseptsiooni ning soovi eristuda väga hea teenindusega ning kasumile orienteeritud ettevõtte kultuuriga1.4.0501.08-0222	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	12.01.2009 – 13.02.20092007-2013	7 988,96 €	7 988,96 €	Completed

State aid


31.07.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231530	Muu › MuuGrant	7 772 €	231530/2600042
14.05.2026	Haridus- ja NoorteametAid measure 241652	Muu › MuuGrant	1 026 €	241652/2600343
16.04.2026	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	1 129,15 €	231580/2604140
18.03.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231530	Muu › MuuGrant	142 €	231530/2600028
17.02.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231530	Muu › MuuGrant	9 431 €	231530/2600047

Public procurement contracts


01.05.2024End 13.08.2024	Reference number 247135 · Hankelepingute koond (01.05.2025 - 13.08.2024) Osaühing Nordic Hotels	Eesti Energia ASContracting authority	5 061,11 €	Completed
20.02.2023End 31.12.2025	Reference number 254967 · RL_Nordic_31.12.25	SotsiaalkindlustusametContracting authority	500 000 €	Completed
20.02.2023End 20.02.2024	Reference number 254967 · HL Nordic Hotels 20.02.23-20.02.24 osa 1	SotsiaalkindlustusametContracting authority	166 666 €	Completed
29.04.2022End 30.04.2024	Reference number 247135 · Hankelepingute koond (29.04.2022 - 30.04.2024)	Eesti Energia ASContracting authority	27 120 €	Completed
29.04.2022End 29.04.2025	Reference number 247135 · Raamleping_247135_Osaühing Nordic Hotels	Eesti Energia ASContracting authority	50 000 €actual 32 181,11 €	Completed

.ee domains


noho.ee	Active	08.07.2021	09.07.2027
nordichotels.ee	Active	04.07.2010	24.07.2027

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.