IEC Develop OÜ
RegisteredKey figures
Ratios
2025Summary: IEC Develop OÜ
What kind of company is it?
IEC Develop OÜ (registry code 11607107) is a private limited company (OÜ). The company was entered in the Commercial Register in 2009 and has been registered for 17 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other real estate activities on a fee or contract basis (EMTAK 6832).
How is the company doing financially?
Revenue in financial year 2025 was 18 000 €, on a par with the previous year. From 2019 to 2025, revenue declined by an average of 4,7% per year. This is the company's lowest revenue among the published years (2019–2025). Net profit for financial year 2025 was 15 304 € (85,0% of revenue). The company was profitable in all 7 published financial years. According to the report, the company had no employees in financial year 2025. At the end of financial year 2025, total assets were 115 289 € and equity 115 289 € (100% of assets).
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is 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 29.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q2 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 |
|---|---|---|---|
| Q2 2026 | — | — | 0 € |
| Q4 2025 | — | — | 0 € |
| Q2 2025 | — | — | 0 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 18 000 | 18 000 | 18 000 | 18 000 | 18 000 |
| Net profit | 11 445 | 11 572 | 14 045 | 14 244 | 15 304 |
| Retained earnings | 31 123 | 42 568 | 54 141 | 68 185 | 82 429 |
| Total assets | 60 218 | 71 696 | 85 762 | 99 985 | 115 289 |
| Total liabilities | 94 | 0 | 20 | 0 | 0 |
| Total equity | 60 124 | 71 696 | 85 742 | 99 985 | 115 289 |
| Employees | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | 0 | 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 obligationsAll clear
Data from public registers, not a credit rating.
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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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