Cipher Systems OÜRegistered
Key figures
101 039 €−0,1%
Revenue 2025
+51,8%
Average annual growth 2019–2025
Ratios
202589,8%
Profit margin
98,0%
EBITDA margin
96,2%
Equity ratio
26×
Current ratio
52,6%
Return on equity
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 27 573 € | — | 0 € |
| Q1 2026 | 28 530 € | — | 0 € |
| Q4 2025 | 23 062 € | — | 0 € |
| Q3 2025 | 30 037 € | — | 0 € |
| Q2 2025 | 20 097 € | — | 0 € |
| Q1 2025 | 23 042 € | — | 3116 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
Distributed as dividends 30 000 € (27% of distributable profit).
History
202530 000 €
202426 836 €
202349 677 €
202229 000 €
20210 €
20200 €
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 | 1431 | 1284 | 40 929 | 62 839 | 77 455 | 120 755 | 179 216 |
| Total non-current assets | — | — | — | — | 2490 | 0 | 0 |
| Total assets | 1431 | 1284 | 40 929 | 62 839 | 79 945 | 120 755 | 179 216 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 499 | 0 | 5553 | 4723 | 8647 | 9102 | 6819 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 499 | 0 | 5553 | 4723 | 8647 | 9102 | 6819 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 439 | 932 | 1284 | 3876 | 5939 | 41 962 | 79 153 |
| Profit for the year | 493 | 352 | 31 592 | 51 740 | 62 859 | 67 191 | 90 744 |
| Reserves and other equity | −2500 | −2500 | — | — | — | — | — |
| Total equity | 932 | 1284 | 35 376 | 58 116 | 71 298 | 111 653 | 172 397 |
| Income statement | |||||||
| Sales revenue | 8252 | 4930 | 39 327 | 80 303 | 87 133 | 101 105 | 101 039 |
| Operating profit | 493 | 352 | 31 592 | 60 366 | 72 551 | 70 671 | 98 980 |
| EBITDA | — | — | — | — | 73 381 | 71 224 | 98 980 |
| Profit before income tax | 493 | 352 | 31 592 | 58 990 | 74 435 | 71 613 | 99 206 |
| Profit for the reporting year | 493 | 352 | 31 592 | 51 740 | 62 859 | 67 191 | 90 744 |
| Labour costs | 3393 | 4241 | 6580 | 16 116 | 12 723 | 22 902 | 0 |
| Depreciation of non-current assets | — | — | — | — | 830 | 553 | 0 |
| Other indicators | |||||||
| Employees | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Calculated dividend | — | 0 | 0 | 29 000 | 49 677 | 26 836 | 30 000 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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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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