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Nicorex Baltic OÜ

Legal form:

Private limited company

Registry code:

11246738

VAT no.:

EE101602462

Fiscal-year period:

01.01 - 31.12

Established:

24.04.2006 (20)

Former business names:

eCig Group OÜ, Osaühing Kamraad

Capital:

2 556 EUR

Address:

Allika tee 1, Peetri alevik, Rae vald, Harju maakond, 75312

Status:

Registered

Contacts

Email:

info@nicorex.ee

Phone:

+372 56082471

Website:

http://www.nicorex.ee

Industries

WHOLESALE AND RETAIL TRADE
Wholesale trade
Wholesale of food, beverages and tobacco
46351 - Wholesale of tobacco products
Retail trade
Retail sale of food, beverages and tobacco
47261 - Retail sale of tobacco products

VAT liability

	Start	End
EE101602462	09.01.2013

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	29.06.2026	Valid
2024	01.01.2024 - 31.12.2024	28.06.2025	Valid
2023	01.01.2023 - 31.12.2023	05.06.2024	Valid
2022	01.01.2022 - 31.12.2022	28.06.2023	Valid
2021	01.01.2021 - 31.12.2021	29.06.2022	Valid
2020	01.01.2020 - 31.12.2020	30.06.2021	Valid
2019	01.01.2019 - 31.12.2019	27.10.2020	Valid
2018	01.01.2018 - 31.12.2018	09.09.2019	Valid
2018	01.01.2018 - 31.12.2018	27.06.2019	Expired
2017	01.01.2017 - 31.12.2017	28.06.2018	Valid
2016	01.01.2016 - 31.12.2016	29.06.2017	Valid
2015	01.01.2015 - 31.12.2015	22.06.2016	Valid
2014	01.01.2014 - 31.12.2014	30.06.2015	Valid
2013	01.01.2013 - 31.12.2013	29.06.2014	Valid
2012	01.01.2012 - 31.12.2012	26.06.2013	Valid
2011	01.01.2011 - 31.12.2011	28.06.2012	Valid
2010	01.01.2010 - 31.12.2010	29.06.2011	Valid
2009	01.01.2009 - 31.12.2009	14.06.2010	Valid
2008	01.01.2008 - 31.12.2008	28.06.2009	Valid
2007	01.01.2007 - 31.12.2007	29.06.2008	Valid
2006	24.04.2006 - 31.12.2006	04.07.2007	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 21.07.2026.

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Credit rating

Hidden

Credit rating is based on company financial data and payment behavior. detailed analysis available to regia+ users.

020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	1 805 528 €	200 709 €	4 851 354 €2.1%	76
2026 Q1	1 723 323 €	202 575 €	4 753 478 €5.4%	78
Kokku 2026:	3 528 851 €	403 284 €	9 604 832 €
2025 Q4	2 072 442 €	212 925 €	4 508 959 €10.9%	80
2025 Q3	2 081 398 €	221 500 €	5 058 840 €11.3%	77
2025 Q2	1 654 302 €	204 669 €	4 545 938 €4.1%	74
2025 Q1	1 847 557 €	197 508 €	4 367 107 €5.9%	73
Kokku 2025:	7 655 699 €	836 602 €	18 480 844 €12.1%
2024 Q4	1 826 769 €	219 881 €	4 642 850 €16.1%	73
2024 Q3	1 996 782 €	252 791 €	5 530 687 €0.4%	76
2024 Q2	1 995 956 €	210 475 €	5 552 761 €5.0%	81
2024 Q1	1 728 837 €	202 869 €	5 290 596 €9.9%	77
Kokku 2024:	7 548 344 €	886 016 €	21 016 894 €8.9%
2023 Q4	1 558 229 €	210 946 €	5 874 435 €2.4%	76
2023 Q3	1 667 786 €	267 189 €	6 019 056 €6.4%	77
2023 Q2	1 420 846 €	212 790 €	5 658 529 €2.5%	81
2023 Q1	1 285 710 €	215 001 €	5 520 593 €5.5%	74
Kokku 2023:	5 932 570 €	905 927 €	23 072 613 €19.5%
2022 Q4	760 002 €	215 395 €	5 233 512 €6.4%	65
2022 Q3	497 212 €	179 141 €	5 592 334 €25.5%	62
2022 Q2	412 529 €	159 181 €	4 455 187 €10.8%	54
2022 Q1	454 682 €	165 809 €	4 021 972 €16.3%	55
Kokku 2022:	2 124 424 €	719 526 €	19 303 005 €89.0%
2021 Q4	601 089 €	158 451 €	3 458 362 €21.1%	54
2021 Q3	457 383 €	142 720 €	2 855 435 €41.5%	53
2021 Q2	338 854 €	122 433 €	2 017 279 €7.0%	53
2021 Q1	259 488 €	133 304 €	1 884 724 €5.9%	51
Kokku 2021:	1 656 813 €	556 907 €	10 215 799 €41.4%
2020 Q4	435 176 €	127 439 €	2 003 600 €2.6%	52
2020 Q3	406 181 €	107 413 €	2 057 013 €32.9%	51
2020 Q2	322 418 €	106 400 €	1 547 452 €4.3%	54
2020 Q1	400 935 €	119 313 €	1 616 302 €2.6%	54
Kokku 2020:	1 564 711 €	460 565 €	7 224 367 €31.8%
2019 Q4	324 678 €	112 789 €	1 574 754 €13.0%	51
2019 Q3	329 937 €	111 618 €	1 393 186 €12.2%	55
2019 Q2	231 013 €	87 289 €	1 241 440 €2.4%	47
2019 Q1	254 437 €	98 851 €	1 271 579 €0.2%	46
Kokku 2019:	1 140 065 €	410 547 €	5 480 959 €29.6%
2018 Q4	275 341 €	85 661 €	1 274 515 €16.5%	56
2018 Q3	189 098 €	59 151 €	1 093 760 €24.2%	53
2018 Q2	173 269 €	62 676 €	880 517 €10.1%	34
2018 Q1	227 754 €	56 580 €	978 954 €9.6%	34
Kokku 2018:	865 462 €	264 068 €	4 227 746 €76.4%
2017 Q4	117 731 €	55 858 €	892 919 €20.2%	30
2017 Q3	115 524 €	59 522 €	743 042 €88.8%	31
2017 Q2	81 666 €	50 228 €	393 581 €7.1%	34
2017 Q1	56 016 €	43 843 €	367 324 €1.9%	29
Kokku 2017:	370 937 €	209 451 €	2 396 866 €72.6%
2016 Q4	85 691 €	45 171 €	360 412 €5.3%	23
2016 Q3	131 288 €	47 722 €	380 763 €16.8%	23
2016 Q2	72 296 €	40 848 €	325 917 €1.2%	23
2016 Q1	77 422 €	40 355 €	321 987 €2.4%	23
Kokku 2016:	366 697 €	174 096 €	1 389 079 €53.7%
2015 Q4	73 822 €	40 208 €	314 444 €12.0%	23
2015 Q3	60 464 €	35 899 €	280 740 €88.6%	23
2015 Q2	33 520 €	19 036 €	148 867 €6.9%	23
2015 Q1	27 571 €	20 436 €	159 817 €	23
Kokku 2015:	195 377 €	115 579 €	903 868 €

Revenue by industry

	2023	2024	2025
Wholesale of tobacco products	14 133 124 €	10 025 074 €	8 418 196 €
Retail sale of tobacco products in specialised stores	7 096 401 €	5 434 998 €	5 467 397 €

Tax debts

No tax debt found

No tax debt as of 21.07.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Diane Sirelpuu	49411XXXXXX	19.11.1994 (31)	Procurator	03.07.2020	-
Sven Kotke	38705XXXXXX	01.05.1987 (39)	Board member	08.01.2013	-
Toomas Viilo	37108XXXXXX	20.08.1971 (54)	Board member	08.05.2006	-

3 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Sven Kotke	38705XXXXXX	01.05.1987 (39)	Shareholder	1 214,00 EUR	47,5	Sole ownership	01.09.2023	-
Toomas Viilo	37108XXXXXX	20.08.1971 (54)	Shareholder	1 214,00 EUR	47,5	Sole ownership	01.09.2023	-
Diane Sirelpuu	49411XXXXXX	19.11.1994 (31)	Shareholder	128,00 EUR	5,01	Sole ownership	01.09.2023	-

9 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Alar Heinaste	36011XXXXXX	27.11.1960 (65)	Audit firm	23.10.2020	-
Osaühing EuroConsult	-	-	Founder	24.04.2006	-

1 - 2 / 2 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Diane Sirelpuu	49411XXXXXX	19.11.1994 (31)	Member of higher governing body (board or supervisory board)	19.06.2023	-
Sven Kotke	38705XXXXXX	01.05.1987 (39)	Direct holding	15.10.2018	-
Toomas Viilo	37108XXXXXX	20.08.1971 (54)	Direct holding	15.10.2018	-

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
DeSign DV OÜ	16.08.2019	Shareholder	278,00 EUR	10,01	Sole ownership	12.08.2025	-

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

2026 Q2

Turnover

Amount

4 851 354 €

Monthly average

1 617 118 €

Per employee

21 278 €

Equity ratio

63 267,53%

Labour taxes

Turnover ratio

4,14%

Tax ratio

11,12%

Monthly average

66 903 €

Per employee

869 €

State taxes

Monthly average

601 843 €

Turnover ratio

37,22%

Estimated salary

Gross salary

1 705 €

Net salary

1 412 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	4 978 193 €28.5%	6 962 131 €4.4%	6 667 937 €12.6%	7 627 534 €111.5%	3 606 598 €162.2%	1 375 290 €25.6%	1 095 360 €
Non-current assets	205 028 €28.4%	286 387 €21.3%	363 969 €9.3%	332 998 €110.4%	158 265 €65.5%	458 339 €10.3%	510 691 €
Total assets	5 183 221 €28.5%	7 248 518 €3.1%	7 031 906 €11.7%	7 960 532 €111.4%	3 764 863 €105.3%	1 833 629 €14.2%	1 606 051 €
Short-term liabilities	2 975 411 €22.4%	3 833 019 €30.6%	2 934 761 €28.9%	4 130 340 €117.2%	1 901 346 €153.7%	749 394 €37.8%	543 776 €
Long-term liabilities	-	-	-	606 €98.1%	31 609 €68.6%	100 628 €39.8%	167 128 €
Total liabilities	2 975 411 €22.4%	3 833 019 €30.6%	2 934 761 €29.0%	4 130 946 €113.7%	1 932 955 €127.4%	850 022 €19.6%	710 904 €
Share or stock capital	2 556 €	2 556 €	2 556 €	2 556 €	2 556 €	2 556 €	2 556 €
Retained earnings	1 612 929 €23.0%	2 094 589 €25.0%	2 791 495 €110.0%	1 329 352 €150.3%	531 051 €28.7%	412 591 €7.7%	447 113 €
Net profit	592 325 €55.1%	1 318 354 €1.2%	1 303 094 €47.8%	2 497 678 €92.4%	1 298 301 €128.4%	568 460 €27.6%	445 478 €
Equity	2 207 810 €35.4%	3 415 499 €16.6%	4 097 145 €7.0%	3 829 586 €109.0%	1 831 908 €86.2%	983 607 €9.9%	895 147 €
Turnover	13 886 599 €10.9%	15 581 283 €26.6%	21 241 892 €21.7%	17 448 594 €66.5%	10 481 644 €51.8%	6 906 642 €24.4%	5 554 135 €
Profit margin	4.27%49.6%	8.46%37.9%	6.13%57.1%	14.31%15.6%	12.39%50.5%	8.23%2.6%	8.02%

Financial ratios

	2025	2024	2023	2022	2021
Profit and cash flow
EBITDA	X DHN MNT	D XCI WWD	T LAX EKR	2 608 333	1 682 136
Liquidity
Current ratio	X.Y	E.Z	X.F	1.8	1.9
Quick ratio	N.O	G.E	E.T	0.9	1.0
Cash ratio	Q.X	K.S	E.O	0.3	0.3
Efficiency
Days sales outstanding (dso)	BJ.Y	MA.Y	WO.U	40.0	33.3
Asset turnover	L.H	V.X	A.P	3.0	3.7
Structure
Debt ratio	F.G	E.I	N.M	0.5	0.5
Profitability
Operating margin	Y.M%	BH.M%	R.P%	14.9%	16.0%
Net profit margin	H.D%	G.V%	N.J%	14.3%	12.4%
Return on assets (roa)	U.J%	ZC.W%	KQ.S%	42.6%	46.4%
Return on equity (roe)	AZ.V%	ZV.L%	BB.G%	65.2%	70.9%

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Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	KJK054365	Commerce > Retail trade	Valid	06.12.2016	-

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Status
Ä 10098015 / 16	01.09.2023	Entry - Amendment entry	Entered into force (01.09.2023)
Ä 10098015 / 15	05.12.2022	Entry - Amendment entry	Entered into force (05.12.2022)
Ä 10098015 / 14	03.07.2020	Entry - Amendment entry	Entered into force (03.07.2020)
Ä 10098015 / 13	06.08.2018	Entry - Second, constitutive merger entry (on acquiring entity’s registry card)	Entered into force (06.08.2018)
K 10098015 / 12	30.05.2018	Entry - Commercial-pledge opening entry	Entered into force (30.05.2018)

1 - 5 / 16 rows

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

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date	Participants
2-18-4873/18	Civil case	Court ruling (Compromise ruling)	Labour law	Tiia Bergson	ECLI:EE:HMK:2018:2.18.4873.14342	22.08.2018

1 - 1 / 1 rows

Official announcements

Subject	Date
Notice of company merger	10.08.2018

1 - 1 / 1 rows

Public transactions

No public transactions found

Company has no public transactions

.ee domains

Domain	Status	Registered	Expires	End
prugikastihirm.ee	Active	09.04.2024	10.04.2027	-
prügikastihirm.ee	Active	09.04.2024	10.04.2027	-
kuumutav.ee	Active	05.05.2021	06.05.2027	-
hnb.ee	Active	12.11.2020	13.11.2026	-
heatsticks.ee	Active	12.11.2020	13.11.2026	-

1 - 5 / 30 rows

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