KinitiSoft OÜ

Registered
16640836Private limited company (OÜ)Founded 2022

Key figures

65 872 €−4,4%
Revenue 2025
−20,5%
Average annual change 2022/23–2025
050 k100 k150 k2022/2320242025

Ratios

2025

Summary: KinitiSoft OÜ

What kind of company is it?

KinitiSoft OÜ (registry code 16640836) is a private limited company (OÜ). The company was entered in the Commercial Register in 2022 and has been registered for 3 years. Registered location: Mustamäe 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 EE102576047).

How is the company doing financially?

Revenue in financial year 2025 was 65 872 €, down 4,4% on the previous year (68 903 €). From 2022/23 to 2025, revenue declined by an average of 20,5% per year. Net profit for financial year 2025 was 45 651 € (69,3% of revenue). The company was profitable in all 3 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 65 872 €. At the end of financial year 2025, total assets were 51 935 € and equity 48 421 € (93,2% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 16 186 €, up 1,2% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 1296 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 950 € per month.

Who runs the company and who owns it?

The company has one management board member. The sole owner of the company is a private individual.

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 03.03.2026. 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.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 202616 186 €11296 €
Q2 202616 096 €11296 €
Q1 202615 730 €11450 €
Q4 202516 007 €11758 €
Q3 202515 987 €11758 €
Q2 202516 680 €11758 €
Q1 202517 889 €11739 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Dividends

calculated
2025

Distributed as dividends 47 552 € (99% of distributable profit).

History
202547 552 €
202484 000 €
Summary of financial statements2023–2025
2022/2320242025
Sales revenue104 34168 90365 872
Net profit84 27047 55245 651
Retained earnings—270270
Total assets89 18053 82651 935
Total liabilities241035043514
Total equity86 77050 32248 421
Employees111
Average gross salary (monthly)91710721000
Calculated dividend—84 00047 552

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
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
All on time
Business Register · 2023–2025
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph
100%KinitiSoft OÜSergii Gushchyn
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll
Annual reportsPDF, XBRL

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Source: e-Business Register (RIK). Files open/download directly from the official register.

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