Tieto Estonia AS

Active Registry code 10137025 AS Tallinn Registered 27 Dec 1996

Tieto Estonia AS is a AS based in Tallinn, registry code 10137025, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €1 279 936 with 40 employees.

Turnover

1 279 936 €

↓ 0.5% vs Q2 2026

State taxes

457 230 €

↓ 1.8% vs Q2 2026

Labour taxes

238 742 €

↓ 4.3% vs Q2 2026

Employees

±0 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Computer programming, consultancy and related activities · EMTAK 62

Turnover · Q3 2026 1.3 mn €

above 98% of companies

industry median 19 078 € · companies in the industry: 7 345
Labour taxes per employee 5 969 €

above 82% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 3.8 mn €

above 98% of companies

industry median 14 309 € · companies in the industry: 13 336
Net profit margin · 2025 -10.7 %

above 18% of companies

industry median 15.1 % · companies in the industry: 8 943

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 279 936 € · −0.5% vs Q2 2026 · industry median 19 078 € · above 98% of the industry

Company
Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 5 969 € · −4.3% vs Q2 2026 · industry median 2 345 € · above 82% of the industry

Company
Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 40 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 457 230 € · −1.8% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 279 936	457 230	238 742	40
Q2 2026	1 285 877	465 696	249 385	40
Q1 2026	744 681	335 071	249 226	41
Q4 2025	748 253	407 600	320 390	40
Q3 2025	1 438 205	545 847	312 484	44
Q2 2025	1 035 261	525 891	399 166	45
Q1 2025	1 078 107	456 850	327 352	52
Q4 2024	815 971	450 745	363 189	52
Q3 2024	1 364 201	568 592	359 705	56
Q2 2024	1 014 757	484 912	366 540	57
Q1 2024	1 553 533	560 534	347 575	58
Q4 2023	2 538 960	814 022	563 221	57
Q3 2023	1 649 421	596 515	519 149	52
Q2 2023	2 235 865	755 502	647 242	54
Q1 2023	2 520 244	709 124	607 661	56
Q4 2022	2 442 834	630 457	563 980	61
Q3 2022	2 330 056	597 247	563 178	62
Q2 2022	2 346 651	606 326	581 348	62
Q1 2022	2 247 914	623 963	521 069	68

Labour taxes per employee per month

1 990 €

Turnover per employee in the quarter

31 998 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 3 765 208 € · −6.8% vs 2024 · industry median 14 309 € · above 98% of the industry

Company
Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -403 677 € · +18.2% vs 2024 · industry median 106 € · above 2% of the industry

Company
Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -10.7 % · +1.5 pp vs the year before · industry median 15.1 % · above 18% of the industry

Company
Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 1 678 867 € · −25.4% vs 2024

Equity, € thousand 2025: 19 616 € · −95.4% vs 2024

Employees 2025: 55 · −9.8% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	3 765 208	-403 677	2 995 900	1 678 867	19 616	55
2024	4 041 217	-493 383	3 440 537	2 249 865	423 120	61
2023	7 118 666	198 901	5 282 924	3 120 493	916 503	95
2022	8 282 149	307 648	5 500 527	3 112 684	1 040 169	115
2021	10 892 791	-513 519	8 117 030	2 566 555	732 521	186
2020	16 027 502	1 625 349	10 945 018	8 190 388	5 753 641	308
2019	16 867 787	1 356 033	10 522 972	7 491 447	4 578 292	295
2018	—	—	—	—	—	291
2017	—	—	—	—	—	288
2016	—	—	—	—	—	231
2015	—	—	—	—	—	145
2014	—	—	—	—	—	73
2013	—	—	—	—	—	59
2012	—	—	—	—	—	45
2011	—	—	—	—	—	52
2010	—	—	—	—	—	77
2009	—	—	—	—	—	84
2008	—	—	—	—	—	74
2007	—	—	—	—	—	68
2006	—	—	—	—	—	62
2005	—	—	—	—	—	47
2004	—	—	—	—	—	43
2003	—	—	—	—	—	39
2001	—	—	—	—	—	36
2000	—	—	—	—	—	26
1999	—	—	—	—	—	19
1998	—	—	—	—	—	12
1997	—	—	—	—	—	7

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin

-10.7 %

Net profit / revenue

Return on equity (ROE)

-2 057.9 %

Net profit / equity

Return on assets (ROA)

-24.0 %

Net profit / assets

Equity ratio

1.2 %

Equity / assets

Debt ratio

98.8 %

Liabilities / assets

Current ratio

0.90

Current assets / current liabilities

Revenue per employee

68 458 €

Revenue / average full-time employees

Labour cost per employee per month

4 539 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	15 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	8 Jul 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	1 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	3 Jul 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	30 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	30 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	4 Aug 2020	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Mikael Erik Thun
Board member · since 26 Apr 2023
Kenth Hakan Alfons Berg
Board member · since 11 Mar 2025
Valērija Vārna
Board member · since 17 Nov 2025

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

Jacob Løvf Nestande
Member of a senior management body (management or supervisory board) · NOR · since 12 Jun 2024
Janne Kaarlo Salminen
Member of a senior management body (management or supervisory board) · FIN · since 12 Jun 2024
Jussi Tapio Tokola
Member of a senior management body (management or supervisory board) · FIN · since 12 Jun 2024

Founders and other persons

Aktsiaselts PricewaterhouseCoopers
Audit firm · 1 Jul 2009
Jacob Løvf Nestande
Chairman of the supervisory board · 27 Mar 2024
Janne Kaarlo Salminen
Supervisory board member · 16 May 2023
Jussi Tapio Tokola
Supervisory board member · 16 May 2023
Esindajakonto: BNP Paribas SA PAR/CLIENT ASSETS
Shareholder · 25 077 € · 3 Jun 2026

Activities (EMTAK)

62101Computer programming activities Main

Rulings 42

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10008057 / 42 14 May 2026	Amendment entry		In force 14 May 2026	PDF
Ä 10008057 / 41 8 May 2026	Amendment entry		In force 8 May 2026	PDF
Ä 10008057 / 40 17 Nov 2025	Amendment entry		In force 17 Nov 2025	PDF
Ä 10008057 / M8 7 Jul 2025	Warning of a fine: annual report not filed		Deficiencies eliminated 9 Jul 2025	PDF
Ä 10008057 / 39 11 Mar 2025	Amendment entry		In force 11 Mar 2025	PDF
Ä 10008057 / M7 3 May 2024	Ruling to correct data outside an entry	2 Jun 2024	Deficiencies eliminated 15 May 2024	PDF
Ä 10008057 / 38 31 Oct 2023	Amendment under Code of Civil Procedure § 595¹ (1)		In force 31 Oct 2023	PDF
Ä 10008057 / 37 2 May 2023	Division entry (second, constitutive)		In force 2 May 2023	PDF
Ä 10008057 / 36 26 Apr 2023	Amendment entry		In force 26 Apr 2023	PDF
Ä 10008057 / 35 28 Oct 2022	Amendment entry		In force 28 Oct 2022	PDF
Ä 10008057 / 34 18 Jan 2021	Amendment entry		In force 18 Jan 2021	PDF
Ä 10008057 / M6 11 Jan 2021	Ruling to eliminate deficiencies	26 Jan 2021	Deficiencies eliminated 18 Jan 2021	PDF
Ä 10008057 / 33 7 Sep 2020	Amendment entry		In force 7 Sep 2020	PDF
Ä 10008057 / 32 10 Dec 2019	Amendment entry		In force 10 Dec 2019	PDF
Ä 10008057 / 31 28 Sep 2018	Amendment entry		In force 28 Sep 2018	PDF
Ä 10008057 / 30 16 Jan 2018	Amendment entry		In force 16 Jan 2018	PDF
Ä 10008057 / 29 7 Nov 2017	Amendment entry		In force 7 Nov 2017	PDF
Ä 10008057 / 28 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10008057 / 27 12 May 2017	Second (constitutive) merger entry		In force 12 May 2017	PDF
Ä 10008057 / M5 1 Nov 2016	Procedural ruling	16 Nov 2016	Deficiencies eliminated 1 Nov 2016	PDF
Ä 10008057 / 26 1 Nov 2016	Amendment entry		In force 1 Nov 2016	PDF
Ä 10008057 / 25 13 Jan 2016	Amendment entry		In force 13 Jan 2016	PDF
Ä 10008057 / 24 3 Jan 2013	Amendment entry		In force 3 Jan 2013	PDF
Ä 10008057 / 23 20 Nov 2012	Amendment entry		In force 20 Nov 2012	PDF
Ä 10008057 / M4 22 Feb 2012	Warning of deletion from the register: annual report not filed	22 Aug 2012	Deficiencies eliminated 19 Mar 2012	PDF
Ä 10008057 / 22 5 Dec 2011	Amendment entry		In force 5 Dec 2011	PDF
Ä 10008057 / 21 1 Nov 2011	Amendment entry		In force 1 Nov 2011	PDF
Ä 10008057 / 20 25 Feb 2011	Amendment entry		In force 25 Feb 2011	PDF
Ä 8057 / 19 17 Sep 2009	Amendment entry		In force 17 Sep 2009	PDF
Ä 8057 / 18 21 Jul 2009	Amendment entry		In force 21 Jul 2009	PDF
Ä 8057 / 17 3 Jul 2009	Entry made by the register on its own initiative		In force 3 Jul 2009	PDF
Ä 8057 / 16 3 Jul 2009	Amendment entry		In force 3 Jul 2009	PDF
Ä 8057 / M3 2 Jul 2009	Ruling to eliminate deficiencies	1 Aug 2009	In force 2 Jul 2009	PDF
Ä 8057 / 15 3 Dec 2008	Deletion of activities from the registry card		In force 4 Dec 2008	PDF
Ä 8057 / 14 20 Oct 2005	Amendment entry		In force	PDF
Ä 8057 / M2 11 Oct 2005	Ruling to eliminate deficiencies (to be served)		In force	PDF
Ä 8057 / 13 18 Mar 2005	Amendment entry		In force	PDF
Ä 8057 / 12 16 Dec 2004	Amendment entry		In force	PDF
Ä 8057 / 11 12 Oct 2004	Amendment entry		In force	PDF
Ä 8057 / 10 23 Aug 2004	Second (constitutive) merger entry		In force	PDF
Ä 8057 / 9 17 Oct 2002	Entry decision on the register’s own initiative		In force	PDF
Ä 8057 / 8 27 Sep 2002	Unpublished amendment entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data