ITBS Development OÜ
RegisteredKey figures
Ratios
2024Summary: ITBS Development OÜ
What kind of company is it?
ITBS Development OÜ (registry code 14327408) is a private limited company (OÜ). The company was entered in the Commercial Register in 2017 and has been registered for 9 years. Registered location: Pirita 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 EE102003471).
How is the company doing financially?
Revenue in financial year 2024 was 91 111 €, up 129% on the previous year (39 779 €). From 2019 to 2024, revenue grew by an average of 52,8% per year. This is the company's highest revenue among the published years (2019–2024). Net profit for financial year 2024 was 1039 € (1,1% of revenue). The company was profitable in 1 of the 6 published financial years. In financial year 2024 the company had 1 employees. Revenue per employee was 91 111 €. At the end of financial year 2024, total assets were 250 522 € and equity 13 882 € (5,5% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 5608 €, down 68,1% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 2607 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 950 € per month.
Who runs the company and who owns it?
The company has one management board member. The sole owner of the company is a private individual.
What should you look out for?
The annual report for financial year 2025 has not been filed on time.
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 2024) was filed on 07.08.2025. 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 | 5608 € | 2 | 2607 € |
| Q2 2026 | 9010 € | 2 | 2607 € |
| Q1 2026 | 20 131 € | 2 | 2489 € |
| Q4 2025 | 7310 € | 2 | 2332 € |
| Q3 2025 | 17 568 € | 1 | 2332 € |
| Q2 2025 | 2859 € | 1 | 2332 € |
| Q1 2025 | 46 044 € | 1 | 2315 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Sales revenue | 4721 | 0 | 34 579 | 39 779 | 91 111 |
| Net profit | −45 177 | −34 644 | −17 916 | −166 | 1039 |
| Retained earnings | 110 746 | 65 569 | 30 925 | 13 009 | 12 843 |
| Total assets | 103 414 | 97 275 | 118 522 | 191 502 | 250 522 |
| Total liabilities | 37 845 | 66 350 | 105 513 | 178 659 | 236 640 |
| Total equity | 65 569 | 30 925 | 13 009 | 12 843 | 13 882 |
| Employees | 2 | 2 | 1 | 1 | 1 |
| Average gross salary (monthly) | 420 | 673 | 1200 | 326 | 328 |
| Calculated dividend | 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 obligations1 issue6 clear
Data from public registers, not a credit rating.
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