Tieto Estonia ASRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 279 936 € | 40 | 238 742 € |
| Q2 2026 | 1 285 877 € | 40 | 249 385 € |
| Q1 2026 | 744 681 € | 41 | 249 226 € |
| Q4 2025 | 748 253 € | 40 | 320 390 € |
| Q3 2025 | 1 438 205 € | 44 | 312 484 € |
| Q2 2025 | 1 035 261 € | 45 | 399 166 € |
| Q1 2025 | 1 078 107 € | 52 | 327 352 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 1 504 019 € (58% of distributable profit).
In addition, equity decreased by 3 003 582 € in ways other than from retained earnings — e.g. a share capital reduction, a payout from other reserves or a revaluation reserve adjustment. The open data does not show whether this was a payout to the owners.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 † | 2023 † | 2024 † | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 6 535 500 | 7 571 492 | 2 106 539 | 2 388 015 | 2 718 640 | 1 802 230 | 1 362 180 |
| Total non-current assets | 955 947 | 618 896 | 460 016 | 724 669 | 401 853 | 447 635 | 316 687 |
| Total assets | 7 491 447 | 8 190 388 | 2 566 555 | 3 112 684 | 3 120 493 | 2 249 865 | 1 678 867 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 2 801 884 | 2 390 553 | 1 746 503 | 1 871 746 | 2 118 666 | 1 656 139 | 1 518 297 |
| Non-current liabilities | 111 271 | 46 194 | 87 531 | 200 769 | 85 324 | 170 606 | 140 954 |
| Total liabilities | 2 913 155 | 2 436 747 | 1 834 034 | 2 072 515 | 2 203 990 | 1 826 745 | 1 659 251 |
| Share capital | 25 077 | 3 028 659 | 25 077 | 25 077 | 25 077 | 25 077 | 25 077 |
| Retained earnings of previous periods | 75 550 | 981 583 | 1 102 913 | 589 394 | 574 475 | 773 376 | 279 993 |
| Profit for the year | 1 356 033 | 1 625 349 | −513 519 | 307 648 | 198 901 | −493 383 | −403 677 |
| Reserves and other equity | 3 121 632 | 118 050 | 118 050 | 118 050 | 118 050 | 118 050 | 118 223 |
| Total equity | 4 578 292 | 5 753 641 | 732 521 | 1 040 169 | 916 503 | 423 120 | 19 616 |
| Income statement | |||||||
| Sales revenue | 16 867 787 | 16 027 502 | 10 892 791 | 8 282 149 | 7 118 666 | 4 041 217 | 3 765 208 |
| Operating profit | 1 572 785 | 1 731 071 | −94 065 | 253 570 | 208 301 | −497 159 | −385 962 |
| EBITDA | 2 246 627 | 2 332 778 | 331 477 | 615 105 | 513 438 | −227 584 | −145 630 |
| Profit before income tax | 1 556 033 | 1 714 593 | −111 251 | 239 940 | 198 901 | −493 383 | −403 677 |
| Profit for the reporting year | 1 356 033 | 1 625 349 | −513 519 | 307 648 | 198 901 | −493 383 | −403 677 |
| Labour costs | 10 522 972 | 10 945 018 | 8 117 030 | 5 500 527 | 5 282 924 | 3 440 537 | 2 995 900 |
| Depreciation of non-current assets | 673 842 | 601 707 | 425 542 | 361 535 | 305 137 | 269 575 | 240 332 |
| Other indicators | |||||||
| Employees | 295 | 308 | 186 | 115 | 95 | 61 | 55 |
| Calculated dividend | — | 450 000 | 1 504 019 | — | — | — | — |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.
Risks and obligations2 notes4 clear
Data from public registers, not a credit rating.
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Public procurement
16 contractsPublic contracts won worth 2 073 420 € from 15 contracting authorities (08.01.2024–30.09.2026). Plus 5 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| IKT-halduse teenus Türi Vallavalitsusele | Türi Vallavalitsus | 206 376 € | 30.09.2026 |
| IT taristu haldusteenus | Ettevõtluse ja Innovatsiooni Sihtasutus | 195 000 € | 06.08.2026 |
| Arvutitöökohtade haldusteenus | AS HOOLEKANDETEENUSED | 216 000 € | 31.03.2026 |
| Baas- ja ärirakenduste haldusteenuse ostmine | AKTSIASELTS EESTI LOTO | 59 900 € | 13.03.2026 |
| Üleriigilise E-kataloogi arenduse hankimine | Eesti Rahvusraamatukogu | up to 2 000 000 € | 12.05.2025 |
| Eesti Hariduse Infosüsteemi (EHIS1) arendusteenus | Haridus- ja Teadusministeerium | 400 000 € | 07.05.2025 |
| Infosüsteemide majutusteenuse hange | Eesti Pank | 400 000 € | 14.04.2025 |
| Eelnõude infosüsteemi majutusteenus | Riigikantselei | 106 080 € | 04.12.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Tieto Estonia AS
Overview
Tieto Estonia AS (registry code 10137025) is a public limited company (AS). The company was entered in the Commercial Register in 1996 and has been registered for 29 years. Registered location: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is computer programming (EMTAK 62101). The company is registered for VAT (VAT number EE100210460).
Financial results
Revenue in financial year 2025 was 3 765 208 €, down 6,8% on the previous year (4 041 217 €). From 2019 to 2025, revenue declined by an average of 22,1% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 403 677 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 55 employees (61 a year earlier). Revenue per employee was 68 458 €. At the end of financial year 2025, total assets were 1 678 867 € and equity 19 616 € (1,2% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 1 279 936 €, down 11,0% on the same quarter a year earlier. The company had 40 employees in that quarter. Labour taxes paid in the quarter: 238 742 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 3600 € per month.
Management and owners
The company has one management board member. The supervisory board has 3 members. The sole owner of the company is Esindajakonto: BNP Paribas SA PAR/CLIENT ASSETS.
Data sources and freshness
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 15.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (549300YC0E5BLX5MMD02) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.