Mustasaare Tarkvarabüroo OsaühingRegistered
Key figures
195 948 €−3,3%
Revenue 2025
+7,6%
Average annual growth 2019–2025
Ratios
202527,7%
Profit margin
39,0%
EBITDA margin
38,2%
Equity ratio
1,5×
Current ratio
243,7%
Return on equity
4261 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 65 509 € | 1 | 7123 € |
| Q1 2026 | 49 074 € | 1 | 7691 € |
| Q4 2025 | 49 579 € | 1 | 7415 € |
| Q3 2025 | 46 007 € | 1 | 7415 € |
| Q2 2025 | 47 278 € | 1 | 7415 € |
| Q1 2025 | 57 344 € | 1 | 8958 € |
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 58 200 €.
Low confidence: the amount exceeds retained earnings from previous years, from which dividends can be paid by law — probably a merger, an opening balance adjustment or a reporting error.
History
2025 ~58 200 €
2024 ~61 499 €
2023 ~55 321 €
2022 ~40 700 €
2021 ~21 700 €
2020 ~22 850 €
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 | 82 853 | 92 419 | 61 994 | 69 605 | 99 140 | 59 185 | 53 026 |
| Total non-current assets | 5568 | 7464 | 12 747 | 9100 | 13 075 | 8626 | 5364 |
| Total assets | 88 421 | 99 883 | 74 741 | 78 705 | 112 215 | 67 811 | 58 390 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 69 231 | 92 582 | 91 240 | 73 662 | 80 966 | 41 650 | 36 098 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 69 231 | 92 582 | 91 240 | 73 662 | 80 966 | 41 650 | 36 098 |
| Share capital | 6430 | 6430 | 6430 | 6430 | 6430 | 6430 | 6430 |
| Retained earnings of previous periods | 4078 | −10 733 | −21 472 | −64 272 | −57 351 | −37 323 | −39 112 |
| Profit for the year | 8039 | 10 961 | −2100 | 62 242 | 81 527 | 56 411 | 54 331 |
| Reserves and other equity | 643 | 643 | 643 | 643 | 643 | 643 | 643 |
| Total equity | 19 190 | 7301 | −16 499 | 5043 | 31 249 | 26 161 | 22 292 |
| Income statement | |||||||
| Sales revenue | 126 558 | 100 745 | 100 654 | 184 134 | 227 672 | 202 721 | 195 948 |
| Operating profit | 19 019 | 19 343 | 6717 | 75 600 | 98 101 | 74 066 | 73 033 |
| EBITDA | 21 433 | 22 181 | 9968 | 79 266 | 101 962 | 78 126 | 76 442 |
| Profit before income tax | 16 287 | 16 280 | 2952 | 71 967 | 94 868 | 71 111 | 70 746 |
| Profit for the reporting year | 8039 | 10 961 | −2100 | 62 242 | 81 527 | 56 411 | 54 331 |
| Labour costs | 53 822 | 43 630 | 46 020 | 49 363 | 68 311 | 68 488 | 65 386 |
| Depreciation of non-current assets | 2414 | 2838 | 3251 | 3666 | 3861 | 4060 | 3409 |
| Other indicators | |||||||
| Employees | 4 | 3 | 3 | 2 | 2 | 2 | 2 |
| Calculated dividend | — | 22 850 | 21 700 | 40 700 | 55 321 | 61 499 | 58 200 |
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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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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