Codelight OÜRegistered
Key figures
Ratios
2024Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 33 778 € | — | 0 € |
| Q2 2026 | 48 741 € | — | 0 € |
| Q1 2026 | 74 922 € | — | 0 € |
| Q4 2025 | 44 499 € | — | 2126 € |
| Q3 2025 | 57 212 € | — | 13 390 € |
| Q2 2025 | 58 362 € | 2 | 20 166 € |
| Q1 2025 | 70 225 € | 4 | 22 257 € |
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.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 128 863 | 158 129 | 66 532 | 181 568 | 128 317 | 84 992 |
| Total non-current assets | 2273 | 5954 | 1371 | 607 | 344 | 86 |
| Total assets | 131 136 | 164 083 | 67 903 | 182 175 | 128 661 | 85 078 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 63 228 | 61 833 | 50 685 | 180 087 | 118 430 | 121 310 |
| Non-current liabilities | — | — | — | — | — | — |
| Total liabilities | 63 228 | 61 833 | 50 685 | 180 087 | 118 430 | 121 310 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 13 980 | 13 159 | 24 500 | 14 468 | −662 | 7204 |
| Profit for the year | 51 178 | 86 341 | −10 032 | −15 130 | 8143 | −46 186 |
| Reserves and other equity | 250 | 250 | 250 | 250 | 250 | 250 |
| Total equity | 67 908 | 102 250 | 17 218 | 2088 | 10 231 | −36 232 |
| Income statement | ||||||
| Sales revenue | 267 898 | 383 445 | 370 917 | 433 811 | 584 350 | 398 583 |
| Operating profit | 65 362 | 102 409 | 12 284 | −14 976 | 8354 | −46 120 |
| EBITDA | 67 477 | 105 669 | 17 226 | −13 428 | 8617 | −45 862 |
| Profit before income tax | 65 366 | 102 481 | 12 303 | −15 130 | 8143 | −46 186 |
| Profit for the reporting year | 51 178 | 86 341 | −10 032 | −15 130 | 8143 | −46 186 |
| Labour costs | 128 816 | 217 869 | 246 781 | 139 657 | 117 029 | 138 050 |
| Depreciation of non-current assets | 2115 | 3260 | 4942 | 1548 | 263 | 258 |
| Other indicators | ||||||
| Employees | 6 | 9 | 9 | 5 | 3 | 3 |
| Calculated dividend | — | 51 999 | 75 000 | 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 issue4 clear
Data from public registers, not a credit rating.
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Summary: Codelight OÜ
Overview
Codelight OÜ (registry code 12259527) is a private limited company (OÜ). The company was entered in the Commercial Register in 2012 and has been registered for 14 years. Registered location: Kristiine 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 EE101638850).
Financial results
Revenue in financial year 2025 was 237 228 €, down 40,5% on the previous year (398 583 €). From 2019 to 2025, revenue declined by an average of 2,0% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2024 ended with a loss of 46 186 €. The company was profitable in 3 of the 6 published financial years. In financial year 2025 the company had 3 employees. Revenue per employee was 79 076 €. Based on labour costs in the report, the estimated average gross salary was about 2870 € per month.
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 33 778 €, down 41,0% on the same quarter a year earlier.
Management and owners
The company has one management board member. The sole owner of the company is AVALANCHE LABORATORY OÜ.
Points to note
The annual report for financial year 2025 has not been filed on time. Equity was negative at the end of financial year 2024 (−36 232 €). Equity is below half of the share capital (2500 €); in this case the Commercial Code requires measures to restore equity.
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. Latest register change: 18.09.2026. Financial figures come from annual reports; the latest report (financial year 2024) was filed on 01.07.2025. 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.