MINDTITAN OÜRegistered
Key figures
Ratios
2025Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 321 627 € | 14 | 78 288 € |
| Q2 2026 | 430 681 € | 17 | 80 947 € |
| Q1 2026 | 434 479 € | 18 | 83 024 € |
| Q4 2025 | 597 830 € | 16 | 92 938 € |
| Q3 2025 | 445 266 € | 16 | 71 470 € |
| Q2 2025 | 289 814 € | 16 | 69 392 € |
| Q1 2025 | 437 008 € | 19 | 87 732 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 57 799 € (10% of distributable profit).
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 | 228 994 | 440 006 | 563 024 | 516 127 | 736 438 | 675 323 | 1 061 237 |
| Total non-current assets | 15 796 | 26 345 | 57 426 | 58 785 | 54 454 | 39 752 | 22 182 |
| Total assets | 244 790 | 466 351 | 620 450 | 574 912 | 790 892 | 715 075 | 1 083 419 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 112 041 | 169 359 | 173 072 | 160 879 | 157 073 | 138 518 | 167 626 |
| Non-current liabilities | — | — | — | — | — | — | — |
| Total liabilities | 112 041 | 169 359 | 173 072 | 160 879 | 157 073 | 138 518 | 167 626 |
| Share capital | 2502 | 2502 | 2502 | 2502 | 2502 | 2502 | 2502 |
| Retained earnings of previous periods | 127 709 | 127 022 | 265 181 | 408 116 | 341 513 | 501 791 | 516 256 |
| Profit for the year | 2538 | 167 468 | 179 695 | 3415 | 289 804 | 72 264 | 397 035 |
| Total equity | 132 749 | 296 992 | 447 378 | 414 033 | 633 819 | 576 557 | 915 793 |
| Income statement | |||||||
| Sales revenue | 794 235 | 1 132 102 | 1 300 552 | 1 448 297 | 1 690 068 | 1 462 331 | 1 498 843 |
| Operating profit | 2530 | 167 981 | 185 987 | 11 649 | 304 403 | 97 946 | 316 612 |
| EBITDA | 8128 | 176 686 | 196 549 | 27 682 | 320 951 | 112 648 | 325 981 |
| Profit before income tax | 2538 | 167 993 | 186 013 | 11 659 | 305 294 | 100 689 | 413 338 |
| Profit for the reporting year | 2538 | 167 468 | 179 695 | 3415 | 289 804 | 72 264 | 397 035 |
| Labour costs | 574 270 | 748 992 | 823 134 | 809 290 | 786 697 | 739 100 | 689 369 |
| Depreciation of non-current assets | 5598 | 8705 | 10 562 | 16 033 | 16 548 | 14 702 | 9369 |
| Other indicators | |||||||
| Employees | 13 | 17 | 22 | 18 | 17 | 14 | 14 |
| Calculated dividend | — | 3225 | 29 309 | 36 760 | 70 018 | 129 526 | 57 799 |
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 note4 clear
Data from public registers, not a credit rating.
Connections graph
Click a node to see its other connections.
Public procurement
14 contractsPublic contracts won worth 947 880 € from 5 contracting authorities (21.11.2023–02.10.2026). Plus 4 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Eesti.ai koolitajate tellimine (Riigikantselei) · Koolitusteenused koos ruumirendiga | Riigi Tugiteenuste Keskus | up to 5 000 000 € | 02.10.2026 |
| Bürokrati keeletehnoloogia ressurss · Keeletehnoloogia andmeteadlane | Riigi Infosüsteemi Amet | 154 000 € | 22.07.2026 |
| Mentorteenus · Suurandmed/Tehisintellekt/AI | Sihtasutus Tallinna Teaduspark TEHNOPOL | up to 8000 € | 03.07.2026 |
| Mentorteenus · Suurandmed/Tehisintellekt/AI | Sihtasutus Tallinna Teaduspark TEHNOPOL | up to 8000 € | 03.07.2026 |
| Tehisintellekti põhiste rakenduste arendus- ja hooldustööde tellimine | Tallinna Tehnikaülikool | up to 400 000 € | 02.07.2026 |
| Tehisintellekti alase nõustamisteenuse tellimine (2) | Tallinna Tehnikaülikool | 40 000 € | 27.04.2026 |
| Süvaõppe kasutusvõimalused ruumiandmete hõivel (Maa- ja Ruumiamet) | Riigi Tugiteenuste Keskus | 291 600 € | 20.03.2026 |
| Bürokrati keeletehnoloogia ressurss · Andmesisestaja/märgendaja/treener | Riigi Infosüsteemi Amet | 122 808 € | 25.03.2025 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
Loading list of reports…
Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: MINDTITAN OÜ
Overview
MINDTITAN OÜ (registry code 14131800) 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: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is computer programming (EMTAK 62101). The company is registered for VAT (VAT number EE101994882).
Financial results
Revenue in financial year 2025 was 1 498 843 €, up 2,5% on the previous year (1 462 331 €). From 2019 to 2025, revenue grew by an average of 11,2% per year. Net profit for financial year 2025 was 397 035 € (26,5% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 14 employees. Revenue per employee was 107 060 €. At the end of financial year 2025, total assets were 1 083 419 € and equity 915 793 € (84,5% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 321 627 €, down 27,8% on the same quarter a year earlier. The company had 14 employees in that quarter. Labour taxes paid in the quarter: 78 288 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 3390 € per month.
Management and owners
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (54%) is held by a private individual.
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 2025) was filed on 30.06.2026. 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.