Breakwater Technology OÜRegistered
Annual report for 2025 not filed.
Key figures
31 044 713 €+18,5%
Revenue 2024
+45,6%
Average annual growth 2019–2024
Ratios
202445,9%
Profit margin
53,8%
EBITDA margin
94,3%
Equity ratio
17×
Current ratio
99,4%
Return on equity
6217 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 9 292 566 € | 104 | 1 098 334 € |
| Q1 2026 | 8 490 364 € | 105 | 1 378 169 € |
| Q4 2025 | 9 560 163 € | 105 | 1 144 871 € |
| Q3 2025 | 8 691 909 € | 104 | 1 155 081 € |
| Q2 2025 | 8 928 971 € | 104 | 1 116 186 € |
| Q1 2025 | 8 751 533 € | 104 | 1 318 659 € |
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 12 000 000 € (99% of distributable profit).
History
202412 000 000 €
20238 000 000 €
20225 000 000 €
20212 140 230 €
20200 €
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 | 588 897 | 3 030 747 | 6 859 458 | 8 683 647 | 12 705 083 | 14 985 663 |
| Total non-current assets | — | 22 211 | 35 873 | 389 228 | 308 804 | 223 050 |
| Total assets | 588 897 | 3 052 958 | 6 895 331 | 9 072 875 | 13 013 887 | 15 208 713 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 185 936 | 375 170 | 487 139 | 759 638 | 928 114 | 859 886 |
| Non-current liabilities | — | — | 8035 | 0 | — | — |
| Total liabilities | 185 936 | 375 170 | 495 174 | 759 638 | 928 114 | 859 886 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 0 | 400 461 | 535 058 | 1 397 657 | 310 737 | 83 273 |
| Profit for the year | 400 461 | 2 274 827 | 5 862 599 | 6 913 080 | 11 772 536 | 14 263 054 |
| Total equity | 402 961 | 2 677 788 | 6 400 157 | 8 313 237 | 12 085 773 | 14 348 827 |
| Income statement | ||||||
| Sales revenue | 4 740 000 | 7 106 142 | 13 559 507 | 17 946 713 | 26 201 074 | 31 044 713 |
| Operating profit | 450 735 | 2 274 800 | 6 397 426 | 8 100 337 | 13 489 741 | 16 613 367 |
| EBITDA | — | 2 275 470 | 6 398 264 | 8 141 675 | 13 575 241 | 16 699 121 |
| Profit before income tax | 400 461 | 2 274 827 | 6 397 657 | 8 100 864 | 13 564 971 | 16 822 931 |
| Profit for the reporting year | 400 461 | 2 274 827 | 5 862 599 | 6 913 080 | 11 772 536 | 14 263 054 |
| Labour costs | 2 769 266 | 3 955 808 | 5 229 578 | 7 135 870 | 9 380 770 | 9 986 467 |
| Depreciation of non-current assets | — | 670 | 838 | 41 338 | 85 500 | 85 754 |
| Other indicators | ||||||
| Employees | 24 | 46 | 55 | 73 | 101 | 102 |
| Calculated dividend | — | 0 | 2 140 230 | 5 000 000 | 8 000 000 | 12 000 000 |
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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