Second Round OÜRegistered
Tax debt 2 999 520 € 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.
Qualified audit opinion. 2022 report: Qualified.
Key figures
24 174 193 €−32,8%
Revenue 2024
+38,2%
Average annual growth 2019–2024
Ratios
20240,4%
Profit margin
−0,0%
EBITDA margin
−65,2%
Equity ratio
0,6×
Current ratio
−6,8%
Return on equity
740 €
Average gross salary
Profit exceeds EBITDA because of financial income (e.g. dividends or interest), which EBITDA does not include.
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 83 € | 1 | 931 € |
| Q1 2026 | 226 290 € | 1 | 7451 € |
| Q4 2025 | 318 162 € | 6 | 21 532 € |
| Q3 2025 | 444 592 € | 6 | 18 721 € |
| Q2 2025 | 801 619 € | 6 | 18 571 € |
| Q1 2025 | 318 806 € | 6 | 23 187 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2024
No dividends were distributed.
History
20240 €
20230 €
2022398 520 €
202148 093 €
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 | 329 693 | 1 405 153 | 2 239 498 | 3 002 334 | 2 502 189 | 2 052 385 |
| Total non-current assets | — | — | 2468 | 259 985 | 364 126 | 104 641 |
| Total assets | 329 693 | 1 405 153 | 2 241 966 | 3 262 319 | 2 866 315 | 2 157 026 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 262 162 | 541 736 | 788 816 | 5 032 709 | 4 368 186 | 3 560 653 |
| Non-current liabilities | — | — | — | — | — | 3137 |
| Total liabilities | 262 162 | 541 736 | 788 816 | 5 032 709 | 4 368 186 | 3 563 790 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | — | — | 812 824 | 1 052 130 | −1 772 889 | −1 504 371 |
| Profit for the year | 67 531 | 860 917 | 637 826 | −2 825 020 | 268 518 | 95 107 |
| Total equity | 67 531 | 863 417 | 1 453 150 | −1 770 390 | −1 501 871 | −1 406 764 |
| Income statement | ||||||
| Sales revenue | 4 790 193 | 970 009 | 67 706 091 | 55 954 638 | 35 949 775 | 24 174 193 |
| Operating profit | 64 642 | 893 354 | 798 488 | −2 741 137 | 239 761 | −5865 |
| EBITDA | — | — | 799 344 | −2 739 924 | 242 120 | −2182 |
| Profit before income tax | 67 531 | 877 800 | 750 007 | −2 754 692 | 268 518 | 95 107 |
| Profit for the reporting year | 67 531 | 860 917 | 637 826 | −2 825 020 | 268 518 | 95 107 |
| Labour costs | 7996 | 12 487 | 73 779 | 174 555 | 213 306 | 192 535 |
| Depreciation of non-current assets | — | — | 856 | 1213 | 2359 | 3683 |
| Other indicators | ||||||
| Employees | 1 | 2 | 3 | 7 | 8 | 7 |
| Calculated dividend | — | — | 48 093 | 398 520 | 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.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.