Modular Technologies OÜ
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Summary: Modular Technologies OÜ
What kind of company is it?
Modular Technologies OÜ (registry code 14655118) is a private limited company (OÜ). The company was entered in the Commercial Register in 2019 and has been registered for 7 years. Registered location: Kesklinna 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 EE102157796).
How is the company doing financially?
Revenue in financial year 2025 was 5 951 279 €, up 17,1% on the previous year (5 083 922 €). From 2019 to 2025, revenue grew by an average of 34,0% per year. This is the company's highest revenue among the published years (2019–2025). Financial year 2024 ended with a loss of 11 923 430 €. The company was profitable in 1 of the 6 published financial years. In financial year 2025 the company had 80 employees (77 a year earlier). Revenue per employee was 74 391 €. At the end of financial year 2024, total assets were 23 912 699 € and equity 19 653 095 € (82,2% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 3 535 637 €, up 15,0% on the same quarter a year earlier. The company had 81 employees in that quarter. Labour taxes paid in the quarter: 783 196 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 5710 € per month.
Who runs the company and who owns it?
The management board has 2 members. The supervisory board has 6 members. According to the register, the company has 50 owners. The largest stake (14,9%) is held by Karma Ventures I SICAV-SIF, SCS.
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 2025) was filed on 17.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (98450098JB5EESDEEF96) comes from the GLEIF database. 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 | 3 535 637 € | 81 | 783 196 € |
| Q2 2026 | 2 761 909 € | 84 | 912 215 € |
| Q1 2026 | 4 914 574 € | 85 | 802 906 € |
| Q4 2025 | 2 774 223 € | 81 | 791 858 € |
| Q3 2025 | 3 073 462 € | 78 | 828 020 € |
| Q2 2025 | 3 303 871 € | 78 | 824 571 € |
| Q1 2025 | 3 856 296 € | 85 | 947 777 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2021–2025
| 2021 | 2022 † | 2023 † | 2024 † | 2025 † | |
|---|---|---|---|---|---|
| Sales revenue | 974 242 | 1 810 973 | 3 682 185 | 5 083 922 | 5 951 279 |
| Net profit | −2 354 814 | −5 765 578 | −6 342 278 | −11 923 430 | — |
| Retained earnings | 911 220 | −1 444 594 | −7 210 172 | −13 552 450 | — |
| Total assets | 17 145 991 | 16 574 197 | 30 424 584 | 23 912 699 | 16 572 277 |
| Total liabilities | 14 407 355 | 3 368 728 | 24 518 518 | 4 259 604 | — |
| Total equity | 2 738 636 | 13 205 469 | 5 906 066 | 19 653 095 | — |
| Employees | 51 | 68 | 73 | 77 | 80 |
| Calculated dividend | 0 | — | — | — | — |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report. † Figures for the marked years come from a report filed as PDF and may be incomplete.
Risks and obligationsAll clear1 for information
Data from public registers, not a credit rating.
Connections graph16 of 58 people
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State aid and grants
12 recordsState aid and de minimis aid in total 253 175 € (2020–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (216 134 €), Eesti Töötukassa (37 041 €).
Show all aid records (12)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 42 762 € | 30.09.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 19 260 € | 25.09.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 64 629 € | 16.03.2026 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | T&A VTA | 63 118 € | 03.10.2025 |
| Eesti Töötukassa | Koolitus VTA | 2565 € | 04.02.2025 |
| Eesti Töötukassa | Koolitus VTA | 14 154 € | 04.02.2025 |
| Eesti Töötukassa | Koolitus VTA | 1810 € | 03.02.2025 |
| Eesti Töötukassa | Koolitus VTA | 18 512 € | 19.01.2024 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Muu | 67 € | 15.10.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 6748 € | 08.06.2023 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 8840 € | 10.11.2021 |
| Ettevõtluse ja Innovatsiooni Sihtasutus | Ekspordi edendamine VTA | 10 709 € | 17.07.2020 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗