Merit Tarkvara ASRegistered
Qualified audit opinion. 2025 report: Qualified.
Key figures
11 833 097 €+31,1%
Revenue 2025
+25,8%
Average annual growth 2019–2025
Ratios
202548,4%
Profit margin
52,6%
EBITDA margin
92,9%
Equity ratio
11×
Current ratio
41,3%
Return on equity
5706 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 3 381 798 € | 34 | 328 565 € |
| Q1 2026 | 3 286 318 € | 34 | 455 191 € |
| Q4 2025 | 3 165 362 € | 32 | 310 916 € |
| Q3 2025 | 3 075 421 € | 32 | 296 991 € |
| Q2 2025 | 3 038 526 € | 31 | 259 238 € |
| Q1 2025 | 2 872 345 € | 30 | 394 869 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 2 000 000 € (20% of distributable profit).
History
20252 000 000 €
20248 000 000 €
20230 €
20220 €
20210 €
20200 €
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 | 2 480 044 | 3 267 212 | 5 716 144 | 10 480 480 | 14 633 144 | 8 703 069 | 11 586 239 |
| Total non-current assets | 1 125 569 | 1 275 158 | 1 392 560 | 1 235 090 | 1 690 375 | 2 416 940 | 3 361 799 |
| Total assets | 3 605 613 | 4 542 370 | 7 108 704 | 11 715 570 | 16 323 519 | 11 120 009 | 14 948 038 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1 435 230 | 790 332 | 518 525 | 645 447 | 712 810 | 968 139 | 1 067 173 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 1 435 230 | 790 332 | 518 525 | 645 447 | 712 810 | 968 139 | 1 067 173 |
| Share capital | 25 600 | 25 600 | 25 600 | 25 600 | 25 600 | 25 600 | 25 600 |
| Retained earnings of previous periods | 1 031 821 | 2 142 223 | 3 723 878 | 6 562 019 | 11 041 963 | 7 582 549 | 8 123 710 |
| Profit for the year | 1 110 402 | 1 581 655 | 2 838 141 | 4 479 944 | 4 540 586 | 2 541 161 | 5 728 995 |
| Reserves and other equity | 2560 | 2560 | 2560 | 2560 | 2560 | 2560 | 2560 |
| Total equity | 2 170 383 | 3 752 038 | 6 590 179 | 11 070 123 | 15 610 709 | 10 151 870 | 13 880 865 |
| Income statement | |||||||
| Sales revenue | 2 991 444 | 3 760 420 | 5 374 511 | 6 489 138 | 8 253 949 | 9 024 885 | 11 833 097 |
| Operating profit | 1 110 212 | 1 580 975 | 2 837 834 | 4 049 966 | 4 445 947 | 4 296 824 | 6 152 156 |
| EBITDA | 1 142 988 | 1 608 184 | 2 868 005 | 4 087 656 | 4 501 147 | 4 359 913 | 6 223 444 |
| Profit before income tax | 1 110 402 | 1 581 655 | 2 838 141 | 4 479 944 | 4 540 586 | 4 541 161 | 6 293 097 |
| Profit for the reporting year | 1 110 402 | 1 581 655 | 2 838 141 | 4 479 944 | 4 540 586 | 2 541 161 | 5 728 995 |
| Labour costs | 1 160 692 | 1 414 903 | 1 562 712 | 1 852 401 | 2 120 994 | 2 542 237 | 2 675 596 |
| Depreciation of non-current assets | 32 776 | 27 209 | 30 171 | 37 690 | 55 200 | 63 089 | 71 288 |
| Other indicators | |||||||
| Employees | 27 | 28 | 28 | 29 | 28 | 31 | 32 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 8 000 000 | 2 000 000 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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