Thinnect OÜRegistered
Key figures
Ratios
2023Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 0 € | — | 1199 € |
| Q2 2026 | 0 € | — | 3667 € |
| Q1 2026 | 0 € | — | — |
| Q4 2025 | 0 € | — | 4733 € |
| Q3 2025 | 11 297 € | — | 8602 € |
| Q2 2025 | 90 133 € | — | 12 464 € |
| Q1 2025 | 115 930 € | 9 | 9284 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2023
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Balance sheet — assets | |||||
| Total current assets | 406 712 | 52 874 | 349 080 | 917 685 | 621 088 |
| Total non-current assets | 2 558 029 | 2 944 751 | 3 501 731 | 4 241 007 | 4 502 599 |
| Total assets | 2 964 741 | 2 997 625 | 3 850 811 | 5 158 692 | 5 123 687 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 1 528 125 | 1 760 100 | 1 382 095 | 1 820 068 | 1 067 011 |
| Non-current liabilities | 788 960 | 0 | 886 903 | 992 152 | 1 410 537 |
| Total liabilities | 2 317 085 | 1 760 100 | 2 268 998 | 2 812 220 | 2 477 548 |
| Share capital | 2746 | 2746 | 2746 | 2746 | 2746 |
| Retained earnings of previous periods | −387 841 | −6357 | 583 512 | 927 800 | 1 191 234 |
| Profit for the year | 381 484 | 589 869 | 344 288 | 263 434 | 299 667 |
| Reserves and other equity | 651 267 | 651 267 | 651 267 | 1 152 492 | 1 152 492 |
| Total equity | 647 656 | 1 237 525 | 1 581 813 | 2 346 472 | 2 646 139 |
| Income statement | |||||
| Sales revenue | 718 334 | 333 984 | 724 573 | 365 156 | 262 434 |
| Operating profit | 492 646 | 717 025 | 491 823 | 448 242 | 482 356 |
| EBITDA | 559 398 | 780 819 | 604 945 | 674 150 | 988 907 |
| Profit before income tax | 381 484 | 589 869 | 344 288 | 263 434 | 299 667 |
| Profit for the reporting year | 381 484 | 589 869 | 344 288 | 263 434 | 299 667 |
| Labour costs | 260 883 | 477 149 | 421 982 | 549 058 | 381 887 |
| Depreciation of non-current assets | 66 752 | 63 794 | 113 122 | 225 908 | 506 551 |
| Other indicators | |||||
| Employees | 10 | 10 | 14 | 14 | 9 |
| Calculated dividend | — | 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 obligations2 issues4 clear
Data from public registers, not a credit rating.
Connections graph
Public procurement
1 contractsPublic contracts won worth 11 411 € from 1 contracting authorities (06.12.2023–06.12.2023).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| AS-i Tallinna Sadam terminalide sisekliima tehisintellektiga haldamise teenus | aktsiaselts TALLINNA SADAM | 11 411 € | 06.12.2023 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Thinnect OÜ
Overview
Thinnect OÜ (registry code 12925756) 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: Mustamäe linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is sideseadmete tootmine (EMTAK 26301). The company is registered for VAT (VAT number EE101865432).
Financial results
Revenue in financial year 2023 was 262 434 €, down 28,1% on the previous year (365 156 €). From 2019 to 2023, revenue declined by an average of 22,3% per year. This is the company's lowest revenue among the published years (2019–2023). Net profit for financial year 2023 was 299 667 € (114% of revenue). The company was profitable in all 5 published financial years. In financial year 2023 the company had 9 employees (14 a year earlier). Revenue per employee was 29 159 €. At the end of financial year 2023, total assets were 5 123 687 € and equity 2 646 139 € (51,6% of assets). Based on labour costs in the report, the estimated average gross salary was about 2640 € per month.
Latest quarterly figures
According to the Tax and Customs Board, the company declared no turnover in Q3 2026.
Management and owners
The company has one management board member. The sole owner of the company is Thinnect Inc..
Points to note
2 annual reports have not been filed on time, the latest for financial year 2025.
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 2023) was filed on 21.10.2024. 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.