Merit Tarkvara AS
Active Registry code 10254977
AS Tartu linn Registered 26 Aug 1997
Merit Tarkvara AS is a AS based in Tartu linn, registry code 10254977, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €3 386 930 with 35 employees.
Turnover
3 386 930 €
↑ 0.2% vs Q2 2026
State taxes
3 222 838 €
↑ 231.5% vs Q2 2026
Labour taxes
343 694 €
↑ 4.6% vs Q2 2026
Employees
35
+1 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 3.4 mn €above 98% of companiesindustry median 19 078 € · companies in the industry: 7 345
- Labour taxes per employee 9 820 €above 98% of companiesindustry median 2 345 € · companies in the industry: 2 783
- Revenue · 2025 11.8 mn €above 98% of companiesindustry median 14 309 € · companies in the industry: 13 336
- Net profit margin · 2025 48.4 %above 74% of companiesindustry median 15.1 % · companies in the industry: 8 943
Taxes and turnover
- 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.
- 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.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 3 386 930 | 3 222 838 | 343 694 | 35 |
| Q2 2026 | 3 381 798 | 972 313 | 328 565 | 34 |
| Q1 2026 | 3 286 318 | 1 019 026 | 455 191 | 34 |
| Q4 2025 | 3 165 362 | 903 272 | 310 916 | 32 |
| Q3 2025 | 3 075 421 | 908 595 | 296 991 | 32 |
| Q2 2025 | 3 038 526 | 1 362 292 | 259 238 | 31 |
| Q1 2025 | 2 872 345 | 889 017 | 394 869 | 30 |
| Q4 2024 | 2 382 014 | 659 119 | 246 667 | 31 |
| Q3 2024 | 2 319 331 | 688 531 | 264 642 | 31 |
| Q2 2024 | 2 292 462 | 2 635 007 | 236 007 | 30 |
| Q1 2024 | 2 361 766 | 706 501 | 323 155 | 29 |
| Q4 2023 | 2 268 817 | 582 190 | 220 809 | 28 |
| Q3 2023 | 2 114 532 | 587 196 | 221 419 | 25 |
| Q2 2023 | 2 089 933 | 573 805 | 223 468 | 27 |
| Q1 2023 | 1 972 510 | 591 874 | 276 344 | 28 |
| Q4 2022 | 1 732 363 | 470 996 | 193 922 | 29 |
| Q3 2022 | 2 442 796 | 450 428 | 194 549 | 29 |
| Q2 2022 | 1 611 371 | 420 383 | 176 127 | 29 |
| Q1 2022 | 1 554 766 | 468 145 | 230 459 | 29 |
Labour taxes per employee per month
3 273 €
Turnover per employee in the quarter
96 769 €
Q3 2026 · calculated from EMTA data
Financials by year
- 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.
- 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.
- 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.
- 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.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 11 833 097 | 5 728 995 | 2 675 596 | 14 948 038 | 13 880 865 | 32 |
| 2024 | 9 024 885 | 2 541 161 | 2 542 237 | 11 120 009 | 10 151 870 | 31 |
| 2023 | 8 253 949 | 4 540 586 | 2 120 994 | 16 323 519 | 15 610 709 | 28 |
| 2022 | 6 489 138 | 4 479 944 | 1 852 401 | 11 715 570 | 11 070 123 | 29 |
| 2021 | 5 374 511 | 2 838 141 | 1 562 712 | 7 108 704 | 6 590 179 | 28 |
| 2020 | 3 760 420 | 1 581 655 | 1 414 903 | 4 542 370 | 3 752 038 | 28 |
| 2019 | 2 991 444 | 1 110 402 | 1 160 692 | 3 605 613 | 2 170 383 | 27 |
| 2018 | — | — | — | — | — | 26 |
| 2017 | — | — | — | — | — | 25 |
| 2016 | — | — | — | — | — | 24 |
| 2015 | — | — | — | — | — | 23 |
| 2014 | — | — | — | — | — | 21 |
| 2013 | — | — | — | — | — | 20 |
| 2012 | — | — | — | — | — | 21 |
| 2011 | — | — | — | — | — | 21 |
| 2010 | — | — | — | — | — | 23 |
| 2009 | — | — | — | — | — | 23 |
| 2008 | — | — | — | — | — | 23 |
| 2007 | — | — | — | — | — | 23 |
| 2006 | — | — | — | — | — | 26 |
| 2005 | — | — | — | — | — | 27 |
| 2004 | — | — | — | — | — | 28 |
| 2003 | — | — | — | — | — | 30 |
| 2002 | — | — | — | — | — | 30 |
| 2000 | — | — | — | — | — | 28 |
| 1999 | — | — | — | — | — | 27 |
| 1998 | — | — | — | — | — | 23 |
| 1997 | — | — | — | — | — | 17 |
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
48.4 %
Net profit / revenue
Return on equity (ROE)
41.3 %
Net profit / equity
Return on assets (ROA)
38.3 %
Net profit / assets
Equity ratio
92.9 %
Equity / assets
Debt ratio
7.1 %
Liabilities / assets
Current ratio
10.86
Current assets / current liabilities
Revenue per employee
369 784 €
Revenue / average full-time employees
Labour cost per employee per month
6 968 €
Labour costs / employees / 12 months (incl. employer taxes)
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 | 25 Mar 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 21 Mar 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 19 Jan 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 27 Jan 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 15 Jan 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 16 Jan 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Tõnis KaskBoard member · since 8 Jan 2021
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Jussi PekkalaMember of a senior management body (management or supervisory board) · FIN · since 22 Oct 2026
Founders and other persons
- Ernst & Young Baltic ASAudit firm · 23 Jan 2023
- Jussi PekkalaChairman of the supervisory board · 29 Apr 2026
- Juhani MönkkönenSupervisory board member · 29 Apr 2026
- Mili OrucevicSupervisory board member · 29 Apr 2026
- Omanikukonto: VISMA INTERNATIONAL HOLDING ASShareholder · 25 600 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 62101Computer programming activities Main
- 46501Wholesale of computers, computer peripheral equipment and software
- 62201Computer consultancy activities
- 69202Bookkeeping, tax consulting
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 20007532 / 16 19 Aug 2026 |
Amendment entry | In force 19 Aug 2026 |
||
| Ä 20007532 / M2 22 Jun 2026 |
Ruling to correct data outside an entry | 6 Jul 2026 | Deficiencies eliminated 3 Jul 2026 |
|
| Ä 20007532 / 15 2 Jun 2022 |
Amendment entry | In force 2 Jun 2022 |
||
| Ä 20007532 / 14 8 Jan 2021 |
Amendment entry | In force 8 Jan 2021 |
||
| Ä 20007532 / 13 10 Oct 2018 |
Amendment entry | In force 10 Oct 2018 |
||
| Ä 20007532 / 12 27 Sep 2018 |
Amendment entry | In force 27 Sep 2018 |
||
| K 20007532 / 11 1 Aug 2018 |
Commercial pledge deleted | In force 1 Aug 2018 |
||
| Ä 20007532 / 10 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 20007532 / 9 14 Nov 2017 |
Amendment entry | In force 14 Nov 2017 |
||
| Ä 20007532 / 8 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| K 20007532 / 7 17 May 2016 |
Commercial pledge amended | In force 17 May 2016 |
||
| Ä 20007532 / 6 30 Dec 2011 |
Amendment entry | In force 30 Dec 2011 |
||
| Ä 20007532 / M1 8 Dec 2011 |
Ruling to eliminate deficiencies | 8 Feb 2012 | In force 8 Dec 2011 |
|
| Ä 7532 / 5 28 Dec 2008 |
Deletion of activities from the registry card | In force 28 Dec 2008 |
||
| K 8015 / 3 7 Dec 2005 |
Compliance with Commercial Code § 33 (7.1) | In force | ||
| Ä 7532 / 4 3 Oct 2002 |
Entry decision on the register’s own initiative | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data