Codeborne OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 1 689 845 € | 61 | 455 813 € |
| Q2 2026 | 2 598 630 € | 59 | 493 371 € |
| Q1 2026 | 2 033 680 € | 64 | 490 358 € |
| Q4 2025 | 2 267 979 € | 63 | 501 401 € |
| Q3 2025 | 2 105 674 € | 66 | 496 040 € |
| Q2 2025 | 2 201 958 € | 64 | 476 441 € |
| Q1 2025 | 2 359 272 € | 61 | 420 299 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 1 567 000 € (66% of distributable profit).
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 | 2 936 000 | 2 899 000 | 2 845 000 | 3 049 000 | 3 462 000 | 2 850 000 | 3 905 000 |
| Total non-current assets | 79 000 | 32 000 | 14 000 | 17 000 | 56 000 | 302 000 | 122 000 |
| Total assets | 3 015 000 | 2 931 000 | 2 859 000 | 3 066 000 | 3 518 000 | 3 152 000 | 4 027 000 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 253 000 | 386 000 | 426 000 | 450 000 | 504 000 | 754 000 | 960 000 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 253 000 | 386 000 | 426 000 | 450 000 | 504 000 | 754 000 | 960 000 |
| Share capital | 4000 | 4000 | 4000 | 4000 | 4000 | 5000 | 5000 |
| Retained earnings of previous periods | 630 000 | 621 000 | 551 000 | 534 000 | 621 000 | 0 | 794 000 |
| Profit for the year | 2 114 000 | 1 905 000 | 1 858 000 | 2 058 000 | 2 360 000 | 2 362 000 | 2 236 000 |
| Reserves and other equity | 14 000 | 15 000 | 20 000 | 20 000 | 29 000 | 31 000 | 32 000 |
| Total equity | 2 762 000 | 2 545 000 | 2 433 000 | 2 616 000 | 3 014 000 | 2 398 000 | 3 067 000 |
| Income statement | |||||||
| Sales revenue | 4 427 000 | 4 247 000 | 4 772 000 | 5 632 000 | 6 114 000 | 7 215 000 | 8 530 000 |
| Operating profit | 2 531 000 | 2 322 000 | 2 179 000 | 2 362 000 | 2 658 000 | 2 863 000 | 2 651 000 |
| EBITDA | 2 580 000 | 2 372 000 | 2 210 000 | 2 370 000 | 2 667 000 | 2 899 000 | 2 682 000 |
| Profit before income tax | 2 534 000 | 2 322 000 | 2 179 000 | 2 363 000 | 2 681 000 | 2 938 000 | 2 678 000 |
| Profit for the reporting year | 2 114 000 | 1 905 000 | 1 858 000 | 2 058 000 | 2 360 000 | 2 362 000 | 2 236 000 |
| Labour costs | 1 525 000 | 1 592 000 | 2 259 000 | 2 624 000 | 2 984 000 | 3 604 000 | 4 483 000 |
| Depreciation of non-current assets | 49 000 | 50 000 | 31 000 | 8000 | 9000 | 36 000 | 31 000 |
| Other indicators | |||||||
| Employees | 33 | 34 | 39 | 43 | 49 | 53 | 65 |
| Calculated dividend | — | 2 122 000 | 1 970 000 | 1 875 000 | 1 962 000 | 2 978 000 | 1 567 000 |
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.
Connections graph1st level only
Summary: Codeborne OÜ
Overview
Codeborne OÜ (registry code 11885355) is a private limited company (OÜ). The company was entered in the Commercial Register in 2010 and has been registered for 16 years. Registered location: Lasnamäe 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 EE101350390).
Financial results
Revenue in financial year 2025 was 8 530 000 €, up 18,2% on the previous year (7 215 000 €). From 2019 to 2025, revenue grew by an average of 11,6% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 2 236 000 € (26,2% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 65 employees (53 a year earlier). Revenue per employee was 131 231 €. At the end of financial year 2025, total assets were 4 027 000 € and equity 3 067 000 € (76,2% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 1 689 845 €, down 19,7% on the same quarter a year earlier. The company had 61 employees in that quarter. Labour taxes paid in the quarter: 455 813 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4460 € per month.
Management and owners
The management board has 3 members. According to the register, the company has 28 owners. The largest stake (20,2%) is held by a private individual.
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 30.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.