Recursive Software Development OÜ
RegisteredKey figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Summary: Recursive Software Development OÜ
What kind of company is it?
Recursive Software Development OÜ (registry code 12564972) is a private limited company (OÜ). The company was entered in the Commercial Register in 2013 and has been registered for 13 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is data processing, data management, data brokerage and similar activities (EMTAK 63102). The company is registered for VAT (VAT number EE101802000).
How is the company doing financially?
Revenue in financial year 2025 was 646 877 €, up 55,8% on the previous year (415 155 €). From 2019 to 2025, revenue grew by an average of 40,8% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 339 193 € (52,4% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 646 877 €. At the end of financial year 2025, total assets were 1 094 262 € and equity 912 715 € (83,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 136 103 €, up 4,0% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 1625 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1130 € per month.
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 24.03.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (894500QJPHMJEQPTV562) comes from the GLEIF database. 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 | 136 103 € | 1 | 1625 € |
| Q2 2026 | 189 840 € | 1 | 1625 € |
| Q1 2026 | 303 957 € | 1 | 1625 € |
| Q4 2025 | 128 506 € | 1 | 1625 € |
| Q3 2025 | 130 808 € | 1 | 1625 € |
| Q2 2025 | 129 469 € | 1 | 1625 € |
| Q1 2025 | 159 260 € | 1 | 5166 € |
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 | 93 468 | 197 335 | 197 834 | 415 155 | 646 877 |
| Net profit | 80 528 | 114 926 | 136 514 | 282 386 | 339 193 |
| Retained earnings | 133 134 | 153 662 | 215 695 | 288 636 | 571 022 |
| Total assets | 219 830 | 275 978 | 361 657 | 605 302 | 1 094 262 |
| Total liabilities | 3668 | 4890 | 6948 | 31 780 | 181 547 |
| Total equity | 216 162 | 271 088 | 354 709 | 573 522 | 912 715 |
| Employees | 0 | 1 | 1 | 1 | 1 |
| Average gross salary (monthly) | — | 975 | 975 | 818 | 975 |
| Calculated dividend | 38 798 | 60 000 | 52 893 | 63 573 | 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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