Nordic Road OÜ

Legal form:: Private limited company
Registry code:: 16676952
VAT no.:: EE102587379
Fiscal-year period:: 01.01 - 31.12
Established:: 15.02.2023 (3 y)
Capital:: 1 000 EUR
Address:: Turu põik 4/1, Tartu linn, Tartu linn, Tartu maakond, 50106
Status:: Registered
E-invoice reception:: Telema

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Contacts

Phone:: +372 5081485
Phone:: +372 56658982
Email:: nordic@road.ee
Website:: https://road.ee/

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Industries

CONSTRUCTION
Construction of civil engineering projects
Construction of roads and rail tracks
42111 – Construction of roads and motorways

Industry TOPNo. 47 of 260 companies

1.AS TREV-2 Grupp112.8M €
2.AS Tariston68.3M €
3.Aktsiaselts TREF Nord53.1M €
4.KMG OÜ33.8M €
5.aktsiaselts TREF28.3M €
6.ATEMO OÜ20.3M €
7.Tallinna Teede Aktsiaselts19.7M €
8.Lääne Teed OÜ15.3M €
9.ÜLE OÜ14.1M €
10.Infragreen OÜ13M €

47.Nordic Road OÜ2.7M €

Main activity 42111 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102587379	16.02.2023	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	29.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	15.02.2023 – 31.12.2023	30.06.2024	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses2 Regulations7 Public transactions61 Grants–State aid2 Public procurement11 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	37 928 €	25 679 €	879 663 €+9,7%	7
2026 Q2	63 295 €	17 134 €	801 810 €+313%	6
2026 Q1	0 €	15 695 €	194 232 €−77,3%	4
Total 2026:	101 223 €	58 508 €	1,88 M €
2025 Q4	17 204 €	18 695 €	855 656 €+14,5%	4
2025 Q3	64 308 €	16 173 €	747 397 €+37,6%	4
2025 Q2	45 411 €	11 784 €	543 223 €+229%	4
2025 Q1	0 €	11 653 €	164 967 €−83,6%	3
Total 2025:	126 923 €	58 305 €	2,31 M €
2024 Q4	0 €	11 390 €	1,00 M €−40,2%	3
2024 Q3	58 033 €	9 007 €	1,68 M €+312%	3
2024 Q2	36 003 €	9 103 €	407 700 €+85,2%	3
2024 Q1	15 355 €	4 931 €	220 138 €−67,0%	3
Total 2024:	109 391 €	34 431 €	3,31 M €
2023 Q4	22 497 €	1 644 €	667 198 €+172%	1
2023 Q3	5 396 €	0 €	245 285 €+238%	-
2023 Q2	0 €	0 €	72 590 €	-
2023 Q1	-	-	-	-
Total 2023:	27 893 €	1 644 €	985 073 €

Revenue by industry

	2023	2024	2025
Construction of roads and motorways		3 119 723 €	2 326 127 €
Construction of roads and motorways	1 110 787 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Ergo Paas	38910XXXXXX	11.10.1989 (37)	Board member	01.10.2024	-
Alver Allik	39404XXXXXX	08.04.1994 (32)	Board member	15.02.2023	-
Rait Allik	37610XXXXXX	28.10.1976 (49)	Board member	15.02.2023	-

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Shareholders

	Personal ID code
Asfaldiproff OÜ	14187166	18.01.2017 (9)	Shareholder	667 EUR	66,70%	Sole ownership	02.10.2024	-
OÜ EP Project Management	16938518	11.03.2024 (2)	Shareholder	333 EUR	33,30%	Sole ownership	02.10.2024	-

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Other persons

	Personal ID code
Asfaldiproff OÜ	14187166	18.01.2017 (9)	Founder	14.02.2023	-

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Ultimate beneficial owners

	Personal ID code
Ergo Paas	38910XXXXXX	11.10.1989 (37)	Member of higher governing body (board or supervisory board)	10.10.2024	-
Alver Allik	39404XXXXXX	08.04.1994 (32)	Member of higher governing body (board or supervisory board)	25.06.2024	-
Rait Allik	37610XXXXXX	28.10.1976 (49)	Member of higher governing body (board or supervisory board)	15.02.2023	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 879 663 €
Monthly average: 293 221 €
Per employee: 41 889 €
Equity ratio: 29 322,10%

Labour taxes

Turnover ratio: 2,92%
Tax ratio: 67,70%
Monthly average: 8 560 €
Per employee: 1 317 €

State taxes

Monthly average: 12 643 €
Turnover ratio: 4,31%

Estimated salary

Gross salary: 2 438 €
Net salary: 1 987 €

Aggregate data

	2025	2024	2023
Current assets	552 338 €+65,9%	333 009 €+72,7%	192 772 €
Non-current assets	124 574 €+104%	61 145 €	-
Total assets	676 912 €+71,7%	394 154 €+104%	192 772 €
Short-term liabilities	315 947 €+44,2%	219 136 €+187%	76 290 €
Long-term liabilities	24 242 €+24,6%	19 460 €	-
Total liabilities	340 189 €+42,6%	238 596 €+213%	76 290 €
Share or stock capital	-	-	-
Retained earnings	154 558 €+32,7%	116 482 €	-
Net profit	181 165 €+376%	38 076 €−67,3%	116 482 €
Equity	336 723 €+116%	155 558 €+33,5%	116 482 €
Turnover	2 326 127 €−25,4%	3 119 723 €+181%	1 110 787 €
Profit margin	7,8%	1,2%	10,5%

Financial ratios

	2025	2024	2023
Profit and cash flow
EBITDA	194 607 €	47 554 €	-
Liquidity
Current ratio
Quick ratio
Cash ratio
Efficiency
Days sales outstanding (dso)
Asset turnover
Structure
Debt ratio
Profitability
Operating margin
Net profit margin
Return on assets (roa)
Return on equity (roe)

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Licences & notices


Notice of economic activity	EEH013419	Construction	Valid	30.08.2023	-
Notice of economic activity	ETK000418	Maintenance of public roads	Valid	30.08.2023	-

Regulations


Ä 50221916 / 6	02.10.2024	Entry – Amendment entry	-	Entered into force02.10.2024
Ä 50221916 / M1	01.10.2024	Order to remedy deficiencies – Amendment entry	-	Deficiencies remedied02.10.2024
Ä 50221916 / 5	01.10.2024	Entry – Amendment entry	-	Entered into force01.10.2024
Ä 50221916 / 4	09.05.2024	Entry – Amendment entry	-	Entered into force09.05.2024
Ä 50221916 / 3	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023

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

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


11.09.2026	Tartu Linnavalitsus	121 192,58 €Received	NON-CURRENT ASSETSBasic and general secondary education
17.08.2026	Võru Vallavalitsus	50 371,61 €Received	NON-CURRENT ASSETSBasic and general secondary education
13.08.2026	Elva Vallavalitsus	61 210,62 €Received	NON-CURRENT ASSETSRoad transport
23.07.2026	Tori Vallavalitsus	25 189,71 €Received	NON-CURRENT ASSETSSport
30.06.2026	Tori Vallavalitsus	47 773,73 €Received	NON-CURRENT ASSETSSport

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


29.01.2024	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	4 168,64 €	231580/2403368
02.10.2023	Eesti TöötukassaAid measure 221265	Palgatoetus VTA › Palgatoetus VTAGrant	15 897,97 €	221265/2400602

Public procurement contracts


13.07.2026End 12.11.2026	Reference number 310508	Tartu LinnavalitsusContracting authority	380 728,12 €	Concluded
08.07.2026End 08.11.2026	Reference number 310575 · Hankeleping	Märjamaa VallavalitsusContracting authority	146 713 €	Concluded
27.06.2026End 14.09.2026	Reference number 307643 · Peatöövõtuleping	Parksepa KeskkoolContracting authority	40 622,27 €	Completed
02.03.2026End 02.10.2026	Reference number 304237 · Töövõtuleping	Tori VallavalitsusContracting authority	213 565,11 €actual 227 536,83 €	Completed
15.05.2025End 31.07.2025	Reference number 292271 · Töövõtuleping	Kambja VallavalitsusContracting authority	89 171 €	Completed

.ee domains

No domains found

Company has no valid .ee domains

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.