Studioworks OÜRegistered
Tax debt 1 470 825 € as of 30.09.2026.Source: Tax and Customs Board
Annual report for 2025 not filed.
Going concern uncertainty. In the 2024 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Key figures
6 061 205 €−31,3%
Revenue 2024
+10,6%
Average annual growth 2019–2024
Ratios
2024−3,0%
Profit margin
0,3%
EBITDA margin
−29,8%
Equity ratio
0,3×
Current ratio
121,4%
Return on equity
1023 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 1 028 311 € | 154 | 220 035 € |
| Q1 2026 | 1 603 445 € | 157 | 70 747 € |
| Q4 2025 | 1 331 271 € | 158 | 127 852 € |
| Q3 2025 | 823 462 € | 159 | 121 423 € |
| Q2 2025 | 142 663 € | 125 | 269 122 € |
| Q1 2025 | 130 012 € | 107 | 128 062 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2024
Distributed as dividends 668 526 € (96% of distributable profit).
History
2024668 526 €
2023316 938 €
2022309 985 €
2021207 272 €
2020356 529 €
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2024
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 1 196 783 | 1 494 894 | 1 929 513 | 1 791 758 | 1 994 289 | 103 657 |
| Total non-current assets | 567 960 | 417 617 | 101 631 | 199 270 | 163 949 | 403 953 |
| Total assets | 1 764 743 | 1 912 511 | 2 031 144 | 1 991 028 | 2 158 238 | 507 610 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 422 422 | 925 276 | 890 838 | 913 880 | 957 331 | 379 026 |
| Non-current liabilities | 500 000 | 500 000 | 500 000 | 500 000 | 500 000 | 279 910 |
| Total liabilities | 922 422 | 1 425 276 | 1 390 838 | 1 413 880 | 1 457 331 | 658 936 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 6205 | 483 292 | 277 463 | 327 821 | 257 710 | 29 881 |
| Profit for the year | 833 616 | 1443 | 360 343 | 246 827 | 440 697 | −183 707 |
| Total equity | 842 321 | 487 235 | 640 306 | 577 148 | 700 907 | −151 326 |
| Income statement | ||||||
| Sales revenue | 3 668 063 | 6 056 192 | 7 908 856 | 7 935 473 | 8 826 959 | 6 061 205 |
| Operating profit | 857 058 | 97 201 | 445 708 | 332 080 | 512 861 | −35 872 |
| EBITDA | 883 638 | 142 733 | 501 914 | 373 922 | 547 189 | 15 352 |
| Profit before income tax | 839 821 | 72 172 | 420 813 | 307 212 | 494 531 | −42 882 |
| Profit for the reporting year | 833 616 | 1443 | 360 343 | 246 827 | 440 697 | −183 707 |
| Labour costs | 1 280 653 | 3 910 696 | 5 533 516 | 5 571 792 | 6 377 945 | 4 597 966 |
| Depreciation of non-current assets | 26 580 | 45 532 | 56 206 | 41 842 | 34 328 | 51 224 |
| Other indicators | ||||||
| Employees | 103 | 194 | 209 | 195 | 212 | 138 |
| Calculated dividend | — | 356 529 | 207 272 | 309 985 | 316 938 | 668 526 |
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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