Development Festival OÜ

Registered
16691905Private limited company (OÜ)Founded 2023

Key figures

1 458 789 €+45,1%
Revenue 2025
+209,2%
Average annual growth 2023–2025
0500 k1 m1,5 m202320242025

Ratios

2025

Summary: Development Festival OÜ

What kind of company is it?

Development Festival OÜ (registry code 16691905) is a private limited company (OÜ). The company was entered in the Commercial Register in 2023 and has been registered for 3 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 EE102658295).

How is the company doing financially?

Revenue in financial year 2025 was 1 458 789 €, up 45,1% on the previous year (1 005 222 €). From 2023 to 2025, revenue grew by an average of 209% per year. Net profit for financial year 2025 was 206 726 € (14,2% of revenue). The company was profitable in all 3 published financial years. According to the report, the company had no employees in financial year 2025. At the end of financial year 2025, total assets were 361 812 € and equity 361 527 € (99,9% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 500 358 €, down 19,6% on the same quarter a year earlier.

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 26.01.2026. 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 2026500 358 €—0 €
Q2 2026285 084 €——
Q1 2026579 782 €——
Q4 2025601 764 €——
Q3 2025622 531 €——
Q2 2025681 769 €—0 €
Q1 2025625 556 €—0 €

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

Summary of financial statements2023–2025
202320242025
Sales revenue152 5591 005 2221 458 789
Net profit76 64075 661206 726
Retained earnings—76 640152 301
Total assets79 230155 045361 812
Total liabilities90244285
Total equity79 140154 801361 527
Employees000
Calculated dividend—00

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
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph
100%Development Festival …Artem Zakharchenko
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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