Init Tarkvara OÜ
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Init Tarkvara OÜ
What kind of company is it?
Init Tarkvara OÜ (registry code 10988923) is a private limited company (OÜ). The company was entered in the Commercial Register in 2003 and has been registered for 22 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is computer facilities and database management (EMTAK 62202). The company is registered for VAT (VAT number EE100875533).
How is the company doing financially?
Revenue in financial year 2025 was 83 525 €, up 8,6% on the previous year (76 914 €). From 2019 to 2025, revenue grew by an average of 5,5% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 913 € (1,1% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 3 employees. Revenue per employee was 27 842 €. At the end of financial year 2025, total assets were 18 624 € and equity 5060 € (27,2% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 16 055 €, down 17,9% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 5567 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1270 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by a private individual.
Where does the data come from and how fresh is it?
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 01.09.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 16 055 € | 3 | 5567 € |
| Q2 2026 | 24 374 € | 3 | 5567 € |
| Q1 2026 | 23 852 € | 3 | 5503 € |
| Q4 2025 | 16 274 € | 3 | 5373 € |
| Q3 2025 | 19 566 € | 3 | 5373 € |
| Q2 2025 | 28 210 € | 3 | 5373 € |
| Q1 2025 | 20 975 € | 3 | 5467 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 73 135 | 40 675 | 60 549 | 76 914 | 83 525 |
| Net profit | 84 | −16 602 | 839 | −210 | 913 |
| Retained earnings | 17 224 | 17 308 | 706 | 1545 | 1335 |
| Total assets | 41 610 | 23 346 | 22 526 | 20 459 | 18 624 |
| Total liabilities | 21 490 | 19 828 | 18 169 | 16 312 | 13 564 |
| Total equity | 20 120 | 3518 | 4357 | 4147 | 5060 |
| Employees | 2 | 2 | 2 | 3 | 3 |
| Average gross salary (monthly) | 1317 | 755 | 1002 | 1192 | 1172 |
| Calculated dividend | 10 000 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 note6 clear
Data from public registers, not a credit rating.
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Change history
1 change- 12.10.2026*Annual report 2025 filed
Entered in the register on 14.11.2003.
Source: Business Register change list and open data. * date the change was detected in open data (it happened between this and the previous data update).
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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