Cumultec OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 420 987 € | 13 | 52 911 € |
| Q2 2026 | 683 673 € | 13 | 44 266 € |
| Q1 2026 | 480 158 € | 10 | 35 779 € |
| Q4 2025 | 463 671 € | 9 | 42 832 € |
| Q3 2025 | 439 213 € | 11 | 42 720 € |
| Q2 2025 | 396 017 € | 12 | 42 299 € |
| Q1 2025 | 528 105 € | 11 | 57 058 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 14 500 € (4% of distributable profit).
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2020–2025
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||
| Total current assets | 34 448 | 88 710 | 349 502 | 661 259 | 618 846 | 671 534 |
| Total non-current assets | 4810 | 2886 | 5734 | 13 186 | 14 107 | 99 453 |
| Total assets | 39 258 | 91 596 | 355 236 | 674 445 | 632 953 | 770 987 |
| Balance sheet — liabilities and equity | ||||||
| Current liabilities | 21 556 | 52 011 | 119 219 | 288 185 | 219 300 | 305 068 |
| Non-current liabilities | — | — | — | — | — | — |
| Total liabilities | 21 556 | 52 011 | 119 219 | 288 185 | 219 300 | 305 068 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | −20 305 | 1937 | 0 | 207 447 | 360 782 | 396 653 |
| Profit for the year | 35 507 | 35 148 | 233 517 | 176 313 | 50 371 | 66 766 |
| Total equity | 17 702 | 39 585 | 236 017 | 386 260 | 413 653 | 465 919 |
| Income statement | ||||||
| Sales revenue | 447 772 | 654 244 | 1 222 211 | 1 586 554 | 1 475 250 | 1 519 036 |
| Operating profit | 40 614 | 38 466 | 242 767 | 180 308 | 48 621 | 68 176 |
| EBITDA | — | 40 390 | 244 958 | 182 724 | 52 494 | 72 530 |
| Profit before income tax | 40 583 | 38 466 | 242 759 | 181 820 | 54 001 | 70 856 |
| Profit for the reporting year | 35 507 | 35 148 | 233 517 | 176 313 | 50 371 | 66 766 |
| Labour costs | 111 051 | 180 617 | 311 952 | 426 318 | 438 504 | 394 479 |
| Depreciation of non-current assets | — | 1924 | 2191 | 2416 | 3873 | 4354 |
| Other indicators | ||||||
| Employees | 3 | 4 | 6 | 8 | 9 | 10 |
| Calculated dividend | — | 13 265 | 37 085 | 26 070 | 22 978 | 14 500 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligationsAll clear
Data from public registers, not a credit rating.
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Public procurement
3 contractsPublic contracts won worth 2 931 462 € from 1 contracting authorities (21.03.2024–30.01.2026).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Salesforce Experience Cloud litsentsid | AKTSIASELTS TALLINNA VESI | 335 751 € | 30.01.2026 |
| Salesforce Experience Cloud litsentsid | AKTSIASELTS TALLINNA VESI | 95 711 € | 20.01.2025 |
| Kliendisuhete halduse tarkvara litsentsid ja juurutamine | AKTSIASELTS TALLINNA VESI | 2 500 000 € | 21.03.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Cumultec OÜ
Overview
Cumultec OÜ (registry code 14943231) is a private limited company (OÜ). The company was entered in the Commercial Register in 2020 and has been registered for 6 years. Registered location: Haabersti 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 EE102244078).
Financial results
Revenue in financial year 2025 was 1 519 036 €, up 3,0% on the previous year (1 475 250 €). From 2020 to 2025, revenue grew by an average of 27,7% per year. Net profit for financial year 2025 was 66 766 € (4,4% of revenue). The company was profitable in all 6 published financial years. In financial year 2025 the company had 10 employees (9 a year earlier). Revenue per employee was 151 904 €. At the end of financial year 2025, total assets were 770 987 € and equity 465 919 € (60,4% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 420 987 €, down 4,1% on the same quarter a year earlier. The company had 13 employees in that quarter. Labour taxes paid in the quarter: 52 911 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2530 € per month.
Management and owners
The company has one management board member. The sole owner of the company is a private individual.
Data sources and freshness
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 15.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.