Xolo OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 2 657 421 € | 83 | 538 897 € |
| Q2 2026 | 2 344 946 € | 79 | 508 848 € |
| Q1 2026 | 4 987 011 € | 81 | 516 500 € |
| Q4 2025 | 2 299 335 € | 81 | 471 993 € |
| Q3 2025 | 2 014 107 € | 77 | 495 475 € |
| Q2 2025 | 2 263 553 € | 78 | 471 210 € |
| Q1 2025 | 1 714 340 € | 78 | 470 058 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 3 115 403 | 461 705 | 543 490 | 1 489 242 | 1 929 661 | 1 381 229 | 1 714 919 |
| Total non-current assets | 807 760 | 1 493 974 | 1 863 358 | 3 543 433 | 4 760 654 | 5 510 567 | 6 501 154 |
| Total assets | 3 923 163 | 1 955 679 | 2 406 848 | 5 032 675 | 6 690 315 | 6 891 796 | 8 216 073 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 726 670 | 931 458 | 1 172 495 | 1 904 975 | 3 124 039 | 2 531 130 | 1 726 429 |
| Non-current liabilities | — | — | — | 953 877 | 702 301 | 391 843 | 0 |
| Total liabilities | 726 670 | 931 458 | 1 172 495 | 2 858 852 | 3 826 340 | 2 922 973 | 1 726 429 |
| Share capital | 55 605 | 55 605 | 65 384 | 65 384 | 87 999 | 88 575 | 88 575 |
| Retained earnings of previous periods | −2 155 046 | −4 728 366 | −6 900 639 | −9 878 461 | −12 195 487 | −14 161 952 | −13 057 104 |
| Profit for the year | −2 573 321 | −2 172 273 | −2 977 822 | −2 315 162 | −1 966 465 | 1 104 848 | 2 461 015 |
| Reserves and other equity | 7 869 255 | 7 869 255 | 11 047 430 | 14 302 062 | 16 937 928 | 16 937 352 | 16 997 158 |
| Total equity | 3 196 493 | 1 024 221 | 1 234 353 | 2 173 823 | 2 863 975 | 3 968 823 | 6 489 644 |
| Income statement | |||||||
| Sales revenue | 1 904 438 | 2 548 971 | 3 461 425 | 4 354 519 | 4 890 755 | 6 614 617 | 8 698 254 |
| Operating profit | −2 572 041 | −2 172 421 | −2 976 549 | −2 296 614 | −1 790 259 | 1 221 590 | 2 501 831 |
| EBITDA | −2 218 660 | −1 655 716 | −2 024 733 | −1 949 324 | −1 306 814 | 1 850 275 | 3 288 639 |
| Profit before income tax | −2 573 321 | −2 172 273 | −2 976 363 | −2 313 705 | −1 963 636 | 1 109 809 | 2 464 552 |
| Profit for the reporting year | −2 573 321 | −2 172 273 | −2 977 822 | −2 315 162 | −1 966 465 | 1 104 848 | 2 461 015 |
| Labour costs | 2 101 028 | 2 556 930 | 3 017 157 | 4 935 244 | 5 222 944 | 4 423 356 | 4 960 771 |
| Depreciation of non-current assets | 353 381 | 516 705 | 951 816 | 347 290 | 483 445 | 628 685 | 786 808 |
| Other indicators | |||||||
| Employees | 59 | 73 | 0 | 103 | 95 | 98 | 77 |
| Calculated dividend | — | 0 | 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.
Connections graph
There are too many connections to show clearly as a graph (49 nodes). All connections are listed in the “Related people” card.
Summary: Xolo OÜ
Overview
Xolo OÜ (registry code 12844111) is a private limited company (OÜ). The company was entered in the Commercial Register in 2015 and has been registered for 11 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is accounting and tax consultancy (EMTAK 69202). The company is registered for VAT (VAT number EE101793070).
Financial results
Revenue in financial year 2025 was 8 698 254 €, up 31,5% on the previous year (6 614 617 €). From 2019 to 2025, revenue grew by an average of 28,8% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 2 461 015 € (28,3% of revenue). The company was profitable in 2 of the 7 published financial years. In financial year 2025 the company had 77 employees (98 a year earlier). Revenue per employee was 112 964 €. At the end of financial year 2025, total assets were 8 216 073 € and equity 6 489 644 € (79,0% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 2 657 421 €, up 31,9% on the same quarter a year earlier. The company had 83 employees in that quarter. Labour taxes paid in the quarter: 538 897 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 3900 € per month.
Management and owners
The management board has 2 members. The supervisory board has 4 members. According to the register, the company has 42 owners. The largest stake (17%) is held by Karma Ventures I SICAV-SIF, SCS.
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: 28.09.2026. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 02.04.2026. 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 (894500AEAP0L3D5LKN28) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.