CODEFUNNELS OÜRegistered
Qualified audit opinion. 2025 report: Qualified.
Key figures
2 735 264 €+4,8%
Revenue 2025
+11,2%
Average annual growth 2019–2025
Ratios
2025−24,7%
Profit margin
−25,0%
EBITDA margin
75,9%
Equity ratio
4,2×
Current ratio
−47,8%
Return on equity
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 | 1 322 799 € | — | — |
| Q1 2026 | 1 583 616 € | — | — |
| Q4 2025 | 1 304 985 € | — | — |
| Q3 2025 | 1 109 037 € | — | — |
| Q2 2025 | 900 147 € | — | — |
| Q1 2025 | 1 313 857 € | — | — |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 449 575 | 750 626 | 1 430 380 | 1 328 741 | 1 733 936 | 2 345 193 | 1 858 778 |
| Total non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total assets | 449 575 | 750 626 | 1 430 380 | 1 328 741 | 1 733 936 | 2 345 193 | 1 858 778 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 26 514 | 73 786 | 90 073 | 173 743 | 271 195 | 259 554 | 447 514 |
| Non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 26 514 | 73 786 | 90 073 | 173 743 | 271 195 | 259 554 | 447 514 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 0 | 423 061 | 676 840 | 1 340 307 | 1 154 998 | 1 462 742 | 2 085 639 |
| Profit for the year | 423 061 | 253 779 | 663 467 | −185 309 | 307 743 | 622 897 | −674 375 |
| Reserves and other equity | −2500 | −2500 | −2500 | −2500 | −2500 | −2500 | −2500 |
| Total equity | 423 061 | 676 840 | 1 340 307 | 1 154 998 | 1 462 741 | 2 085 639 | 1 411 264 |
| Income statement | |||||||
| Sales revenue | 1 449 639 | 2 370 045 | 2 657 126 | 1 439 942 | 1 729 047 | 2 610 781 | 2 735 264 |
| Operating profit | 423 052 | 253 725 | 663 392 | −185 378 | 302 487 | 611 258 | −683 296 |
| EBITDA | 423 052 | 253 725 | 663 392 | −185 378 | 302 487 | 611 258 | −683 296 |
| Profit before income tax | 423 061 | 253 779 | 663 467 | −185 309 | 307 743 | 622 897 | −674 375 |
| Profit for the reporting year | 423 061 | 253 779 | 663 467 | −185 309 | 307 743 | 622 897 | −674 375 |
| Labour costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation of non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other indicators | |||||||
| Employees | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Calculated dividend | — | 0 | 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.
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