HQSystems OÜ
RegisteredKey figures
Ratios
2025Summary: HQSystems OÜ
What kind of company is it?
HQSystems OÜ (registry code 12981256) is a private limited company (OÜ). The company was entered in the Commercial Register in 2016 and has been registered for 10 years. Registered location: Lasnamäe 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 EE101850405).
How is the company doing financially?
Revenue in financial year 2025 was 1 845 415 €, down 7,7% on the previous year (1 999 057 €). From 2019 to 2025, revenue declined by an average of 4,5% per year. Financial year 2025 ended with a loss of 505 176 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 1 845 415 €. At the end of financial year 2025, total assets were 1 399 181 € and equity 1 153 027 € (82,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 697 751 €, down 36,2% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 1920 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 760 € per month.
Who runs the company and who owns it?
The company has one management board member. According to the register, the company has 2 owners. The largest stake (96,4%) is held by 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 29.06.2026. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 697 751 € | 2 | 1920 € |
| Q2 2026 | 831 107 € | 2 | 1920 € |
| Q1 2026 | 736 392 € | 2 | 2197 € |
| Q4 2025 | 915 968 € | 2 | 2752 € |
| Q3 2025 | 1 093 113 € | 2 | 2808 € |
| Q2 2025 | 998 328 € | 2 | 2639 € |
| Q1 2025 | 978 678 € | 2 | 2627 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 12 500 € (1% of distributable profit).
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 1 973 007 | 1 534 411 | 1 572 587 | 1 999 057 | 1 845 415 |
| Net profit | 267 013 | 854 765 | −116 821 | −362 796 | −505 176 |
| Retained earnings | 975 221 | 1 242 234 | 2 081 820 | 1 964 999 | 1 589 703 |
| Total assets | 1 588 208 | 2 372 473 | 2 364 453 | 1 965 660 | 1 399 181 |
| Total liabilities | 277 474 | 206 974 | 330 954 | 294 957 | 246 154 |
| Total equity | 1 310 734 | 2 165 499 | 2 033 499 | 1 670 703 | 1 153 027 |
| Employees | 0 | 1 | 1 | 1 | 1 |
| Average gross salary (monthly) | — | 2138 | 2973 | 2360 | 1583 |
| Calculated dividend | 0 | 0 | 15 179 | 0 | 12 500 |
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 note5 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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