Osaühing Top Connect

Active Registry code 10668897 OÜ Tallinn Registered 26 Apr 2000
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Osaühing Top Connect is a OÜ based in Tallinn, registry code 10668897, status: active. Main activity: Telecommunication reselling activities and intermediation service activities for telecommunication. According to EMTA, turnover for Q3 2026 was €994 016 with 26 employees.

Turnover
994 016 €
↓ 8.8% vs Q2 2026
State taxes
154 362 €
↑ 11.8% vs Q2 2026
Labour taxes
149 249 €
↑ 0.8% vs Q2 2026
Employees
26
−2 vs Q2 2026

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

Position in the industry Telecommunication · EMTAK 61

  • Turnover · Q3 2026 994 016 €
    industry median 27 861 € · companies in the industry: 217
  • Labour taxes per employee 5 740 €
    industry median 2 040 € · companies in the industry: 114
  • Revenue · 2025 5.9 mn €
    industry median 24 896 € · companies in the industry: 295
  • Net profit margin · 2025 6.0 %
    industry median 4.1 % · companies in the industry: 222

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 994 016 € · −8.8% vs Q2 2026 · industry median 27 861 € · above 88% of the industry
01 0002 0003 000Q4 2023 Company: 1 860 322 € Industry median: 31 932 €Q4·23Q1 2024 Company: 2 449 365 € Industry median: 32 873 €Q2 2024 Company: 1 753 122 € Industry median: 30 630 €Q2·24Q3 2024 Company: 2 129 446 € Industry median: 30 981 €Q4 2024 Company: 2 834 300 € Industry median: 31 663 €Q4·24Q1 2025 Company: 2 184 231 € Industry median: 30 804 €Q2 2025 Company: 1 679 333 € Industry median: 28 773 €Q2·25Q3 2025 Company: 1 490 998 € Industry median: 29 874 €Q4 2025 Company: 1 341 090 € Industry median: 28 183 €Q4·25Q1 2026 Company: 1 258 922 € Industry median: 31 356 €Q2 2026 Company: 1 090 341 € Industry median: 25 656 €Q2·26Q3 2026 Company: 994 016 € Industry median: 27 861 €Q3·2601 0002 0003 000Q4 2024 Company: 2 834 300 € Industry median: 31 663 €Q1 2025 Company: 2 184 231 € Industry median: 30 804 €Q1·25Q2 2025 Company: 1 679 333 € Industry median: 28 773 €Q3 2025 Company: 1 490 998 € Industry median: 29 874 €Q3·25Q4 2025 Company: 1 341 090 € Industry median: 28 183 €Q1 2026 Company: 1 258 922 € Industry median: 31 356 €Q1·26Q2 2026 Company: 1 090 341 € Industry median: 25 656 €Q3 2026 Company: 994 016 € Industry median: 27 861 €Q3·26
  • Company
  • Industry median

Industry: Telecommunication (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 5 740 € · +8.6% vs Q2 2026 · industry median 2 040 € · above 85% of the industry
02 0004 0006 0008 000Q4 2023 Company: 5 735 € Industry median: 1 923 €Q4·23Q1 2024 Company: 6 163 € Industry median: 2 111 €Q2 2024 Company: 6 014 € Industry median: 2 105 €Q2·24Q3 2024 Company: 7 782 € Industry median: 2 061 €Q4 2024 Company: 5 642 € Industry median: 2 106 €Q4·24Q1 2025 Company: 5 343 € Industry median: 2 118 €Q2 2025 Company: 5 495 € Industry median: 2 126 €Q2·25Q3 2025 Company: 5 587 € Industry median: 2 363 €Q4 2025 Company: 5 472 € Industry median: 2 352 €Q4·25Q1 2026 Company: 5 047 € Industry median: 2 064 €Q2 2026 Company: 5 286 € Industry median: 2 127 €Q2·26Q3 2026 Company: 5 740 € Industry median: 2 040 €Q3·2602 0004 0006 000Q4 2024 Company: 5 642 € Industry median: 2 106 €Q1 2025 Company: 5 343 € Industry median: 2 118 €Q1·25Q2 2025 Company: 5 495 € Industry median: 2 126 €Q3 2025 Company: 5 587 € Industry median: 2 363 €Q3·25Q4 2025 Company: 5 472 € Industry median: 2 352 €Q1 2026 Company: 5 047 € Industry median: 2 064 €Q1·26Q2 2026 Company: 5 286 € Industry median: 2 127 €Q3 2026 Company: 5 740 € Industry median: 2 040 €Q3·26
  • Company
  • Industry median

Industry: Telecommunication (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 26 · −7.1% vs Q2 2026
010203040Q4 2023 Company: 39Q4·23Q1 2024 Company: 36Q2 2024 Company: 34Q2·24Q3 2024 Company: 31Q4 2024 Company: 31Q4·24Q1 2025 Company: 31Q2 2025 Company: 30Q2·25Q3 2025 Company: 29Q4 2025 Company: 29Q4·25Q1 2026 Company: 29Q2 2026 Company: 28Q2·26Q3 2026 Company: 26Q3·26010203040Q4 2024 Company: 31Q1 2025 Company: 31Q1·25Q2 2025 Company: 30Q3 2025 Company: 29Q3·25Q4 2025 Company: 29Q1 2026 Company: 29Q1·26Q2 2026 Company: 28Q3 2026 Company: 26Q3·26
State taxes, € thousand Q3 2026: 154 362 € · +11.8% vs Q2 2026
050100150200250Q4 2023 Company: 235 229 €Q4·23Q1 2024 Company: 213 046 €Q2 2024 Company: 194 093 €Q2·24Q3 2024 Company: 214 308 €Q4 2024 Company: 87 398 €Q4·24Q1 2025 Company: 79 723 €Q2 2025 Company: 155 044 €Q2·25Q3 2025 Company: 152 261 €Q4 2025 Company: 149 259 €Q4·25Q1 2026 Company: 136 797 €Q2 2026 Company: 138 130 €Q2·26Q3 2026 Company: 154 362 €Q3·26050100150200Q4 2024 Company: 87 398 €Q1 2025 Company: 79 723 €Q1·25Q2 2025 Company: 155 044 €Q3 2025 Company: 152 261 €Q3·25Q4 2025 Company: 149 259 €Q1 2026 Company: 136 797 €Q1·26Q2 2026 Company: 138 130 €Q3 2026 Company: 154 362 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 994 016 154 362 149 249 26
Q2 2026 1 090 341 138 130 148 003 28
Q1 2026 1 258 922 136 797 146 359 29
Q4 2025 1 341 090 149 259 158 685 29
Q3 2025 1 490 998 152 261 162 031 29
Q2 2025 1 679 333 155 044 164 841 30
Q1 2025 2 184 231 79 723 165 637 31
Q4 2024 2 834 300 87 398 174 899 31
Q3 2024 2 129 446 214 308 241 238 31
Q2 2024 1 753 122 194 093 204 468 34
Q1 2024 2 449 365 213 046 221 880 36
Q4 2023 1 860 322 235 229 223 672 39
Q3 2023 1 875 742 191 080 203 326 38
Q2 2023 2 008 589 228 205 220 289 35
Q1 2023 1 655 733 185 059 194 414 31
Q4 2022 2 218 476 154 147 163 192 31
Q3 2022 2 176 151 263 914 174 085 30
Q2 2022 2 199 267 143 433 152 540 32
Q1 2022 2 026 428 165 260 174 162 29
Labour taxes per employee per month
1 913 €
Turnover per employee in the quarter
38 231 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 5 923 224 € · −26.9% vs 2024 · industry median 24 896 € · above 98% of the industry
02 5005 0007 50010 00012 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 10 966 986 € Industry median: 34 024 €20192020 Company: 5 578 657 € Industry median: 32 849 €20202021 Company: 5 993 837 € Industry median: 31 500 €20212022 Company: 6 823 403 € Industry median: 29 691 €20222023 Company: 7 183 244 € Industry median: 23 274 €20232024 Company: 8 102 326 € Industry median: 28 464 €20242025 Company: 5 923 224 € Industry median: 24 896 €202502 5005 0007 50010 00012 5002018 Company: — Industry median: —2019 Company: 10 966 986 € Industry median: 34 024 €20192020 Company: 5 578 657 € Industry median: 32 849 €2021 Company: 5 993 837 € Industry median: 31 500 €20212022 Company: 6 823 403 € Industry median: 29 691 €2023 Company: 7 183 244 € Industry median: 23 274 €20232024 Company: 8 102 326 € Industry median: 28 464 €2025 Company: 5 923 224 € Industry median: 24 896 €2025
  • Company
  • Industry median

Industry: Telecommunication (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 357 772 € · −62.9% vs 2024 · industry median 25 € · above 98% of the industry
-2 000-1 00001 0002 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -415 187 € Industry median: 1 011 €20192020 Company: -1 222 105 € Industry median: 777 €20202021 Company: 1 512 376 € Industry median: 503 €20212022 Company: 143 633 € Industry median: 127 €20222023 Company: -998 995 € Industry median: 95 €20232024 Company: 963 462 € Industry median: 306 €20242025 Company: 357 772 € Industry median: 25 €2025-2 000-1 00001 0002 0002018 Company: — Industry median: —2019 Company: -415 187 € Industry median: 1 011 €20192020 Company: -1 222 105 € Industry median: 777 €2021 Company: 1 512 376 € Industry median: 503 €20212022 Company: 143 633 € Industry median: 127 €2023 Company: -998 995 € Industry median: 95 €20232024 Company: 963 462 € Industry median: 306 €2025 Company: 357 772 € Industry median: 25 €2025
  • Company
  • Industry median

Industry: Telecommunication (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 6.0 % · −5.9 pp vs the year before · industry median 4.1 % · above 57% of the industry
-30-20-1001020302016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -3.8 % Industry median: 4.9 %20192020 Company: -21.9 % Industry median: 5.4 %20202021 Company: 25.2 % Industry median: 3.5 %20212022 Company: 2.1 % Industry median: 4.1 %20222023 Company: -13.9 % Industry median: 4.7 %20232024 Company: 11.9 % Industry median: 5.5 %20242025 Company: 6.0 % Industry median: 4.1 %2025-30-20-1001020302018 Company: — Industry median: —2019 Company: -3.8 % Industry median: 4.9 %20192020 Company: -21.9 % Industry median: 5.4 %2021 Company: 25.2 % Industry median: 3.5 %20212022 Company: 2.1 % Industry median: 4.1 %2023 Company: -13.9 % Industry median: 4.7 %20232024 Company: 11.9 % Industry median: 5.5 %2025 Company: 6.0 % Industry median: 4.1 %2025
  • Company
  • Industry median

Industry: Telecommunication (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 3 248 861 € · −18.8% vs 2024
010 00020 00030 00040 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 38 747 235 €20192020 Company: 33 980 018 €20202021 Company: 9 459 615 €20212022 Company: 3 741 720 €20222023 Company: 4 078 552 €20232024 Company: 4 002 648 €20242025 Company: 3 248 861 €2025010 00020 00030 00040 0002018 Company: —2019 Company: 38 747 235 €20192020 Company: 33 980 018 €2021 Company: 9 459 615 €20212022 Company: 3 741 720 €2023 Company: 4 078 552 €20232024 Company: 4 002 648 €2025 Company: 3 248 861 €2025
Equity, € thousand 2025: 1 754 445 € · +25.6% vs 2024
010 00020 00030 00040 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 33 461 321 €20192020 Company: 31 174 216 €20202021 Company: 1 707 399 €20212022 Company: 1 432 206 €20222023 Company: 433 211 €20232024 Company: 1 396 673 €20242025 Company: 1 754 445 €2025010 00020 00030 00040 0002018 Company: —2019 Company: 33 461 321 €20192020 Company: 31 174 216 €2021 Company: 1 707 399 €20212022 Company: 1 432 206 €2023 Company: 433 211 €20232024 Company: 1 396 673 €2025 Company: 1 754 445 €2025
Employees 2025: 32 · −5.9% vs 2024 · industry median 2 · above 90% of the industry
0204060801002016 Company: 81 Industry median: —20162017 Company: 87 Industry median: —20172018 Company: 65 Industry median: 220182019 Company: 64 Industry median: 220192020 Company: 49 Industry median: 220202021 Company: 32 Industry median: 220212022 Company: 33 Industry median: 220222023 Company: 39 Industry median: 220232024 Company: 34 Industry median: 220242025 Company: 32 Industry median: 220250204060802018 Company: 65 Industry median: 22019 Company: 64 Industry median: 220192020 Company: 49 Industry median: 22021 Company: 32 Industry median: 220212022 Company: 33 Industry median: 22023 Company: 39 Industry median: 220232024 Company: 34 Industry median: 22025 Company: 32 Industry median: 22025
  • Company
  • Industry median

Industry: Telecommunication (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 5 923 224 357 772 1 516 159 3 248 861 1 754 445 32
2024 8 102 326 963 462 1 941 598 4 002 648 1 396 673 34
2023 7 183 244 -998 995 1 955 144 4 078 552 433 211 39
2022 6 823 403 143 633 1 623 450 3 741 720 1 432 206 33
2021 5 993 837 1 512 376 1 522 838 9 459 615 1 707 399 32
2020 5 578 657 -1 222 105 1 965 213 33 980 018 31 174 216 49
2019 10 966 986 -415 187 2 628 761 38 747 235 33 461 321 64
2018 — — — — — 65
2017 — — — — — 87
2016 — — — — — 81
2015 — — — — — 88
2014 — — — — — 97
2013 — — — — — 102
2012 — — — — — 87
2011 — — — — — 65
2009 — — — — — 42
2008 — — — — — 38
2007 — — — — — 27
2006 — — — — — 29
2005 — — — — — 23
2004 — — — — — 20
2003 — — — — — 15
2002 — — — — — 1
2001 — — — — — 1
2000 — — — — — 1

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
6.0 %
Net profit / revenue
Return on equity (ROE)
20.4 %
Net profit / equity
Return on assets (ROA)
11.0 %
Net profit / assets
Equity ratio
54.0 %
Equity / assets
Debt ratio
46.0 %
Liabilities / assets
Current ratio
1.64
Current assets / current liabilities
Revenue per employee
185 101 €
Revenue / average full-time employees
Labour cost per employee per month
3 948 €
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 21 Apr 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 9 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 2 Jul 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 16 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 17 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 13 Jul 2020 Company’s own · audited e-Äriregister

Board

Right of representation

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

Owners

  • Velos IoT Jersey Limited
    Legal person · 950 000 €
  • Osaühing Top Connect
    Legal person · 10668897 · 50 000 €

Owner in

Beneficial owners

  • Funn Loong Colin Chew
    Member of a senior management body (management or supervisory board) · GBR · since 17 Jun 2024

Founders and other persons

Activities (EMTAK)

  • 61201Telecommunication reselling activities and intermediation service activities for telecommunication Main
Rulings
Number, date Title Deadline State Document
Ä 10048743 / 38
24 Aug 2026
Amendment entry In force
24 Aug 2026
PDF
Ä 10048743 / M13
13 Aug 2026
Procedural ruling 23 Aug 2026 In force
13 Aug 2026
PDF
Ä 10048743 / 37
10 Nov 2025
Amendment entry In force
10 Nov 2025
PDF
Ä 10048743 / 36
17 Jul 2024
Amendment entry In force
17 Jul 2024
PDF
Ä 10048743 / 35
3 Jul 2024
Amendment entry In force
3 Jul 2024
PDF
Ä 10048743 / M12
2 Jul 2024
Ruling to eliminate deficiencies 1 Aug 2024 Deficiencies eliminated
3 Jul 2024
PDF
Ä 10048743 / 34
30 May 2024
Amendment entry In force
30 May 2024
PDF
Ä 10048743 / 33
18 Apr 2024
Amendment entry In force
18 Apr 2024
PDF
Ä 10048743 / M11
15 Apr 2024
Ruling to eliminate deficiencies 30 Apr 2024 Deficiencies eliminated
15 Apr 2024
PDF
Ä 10048743 / M10
2 Jan 2023
Ruling to correct data outside an entry 1 Feb 2023 Deficiencies eliminated
4 Jan 2023
PDF
Ä 10048743 / 32
2 Jan 2023
Amendment entry In force
2 Jan 2023
PDF
Ä 10048743 / 31
10 Aug 2022
Amendment entry In force
10 Aug 2022
PDF
Ä 10048743 / 30
5 Jul 2022
Amendment entry In force
5 Jul 2022
PDF
Ä 10048743 / 29
20 Jun 2022
Amendment entry In force
20 Jun 2022
PDF
Ä 10048743 / 28
30 May 2022
Amendment entry In force
30 May 2022
PDF
Ä 10048743 / 27
18 Feb 2022
Division entry (second, constitutive) In force
18 Feb 2022
PDF
Ä 10048743 / M9
17 Feb 2022
Ruling to eliminate deficiencies 27 Feb 2022 Deficiencies eliminated
17 Feb 2022
PDF
Ä 10048743 / 26
14 Dec 2021
Division entry (second, constitutive) In force
14 Dec 2021
PDF
Ä 10048743 / M8
1 Dec 2021
Ruling to eliminate deficiencies 31 Dec 2021 Deficiencies eliminated
14 Dec 2021
PDF
K 10048743 / 25
2 Nov 2021
Commercial pledge deleted In force
2 Nov 2021
PDF
Ä 10048743 / 24
10 Feb 2020
Amendment entry In force
10 Feb 2020
PDF
Ä 10048743 / 23
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10048743 / 22
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10048743 / 21
8 Sep 2016
Amendment entry In force
8 Sep 2016
PDF
Ä 10048743 / 20
10 Mar 2016
Amendment entry In force
10 Mar 2016
PDF
Ä 10048743 / 19
13 Aug 2013
Amendment entry In force
13 Aug 2013
PDF
Ä 10048743 / 18
20 Sep 2011
Amendment under Commercial Code § 525 (2) In force
20 Sep 2011
PDF
Ä 10048743 / 17
1 Jul 2011
Amendment entry In force
1 Jul 2011
PDF
Ä 10048743 / 16
4 Mar 2011
Amendment entry In force
4 Mar 2011
PDF
Ä 10048743 / 15
18 Aug 2010
Amendment entry In force
18 Aug 2010
PDF
Ä 48743 / 14
3 Dec 2008
Deletion of activities from the registry card In force
4 Dec 2008
PDF
K 73045 / 2
16 Jan 2008
Commercial pledge entered In force
16 Jan 2008
PDF
Ä 48743 / M7
6 Oct 2006
Fine annulled Confirmed
6 Oct 2006
PDF
Ä 48743 / M6
6 Oct 2006
Appeal accepted for proceedings In force
6 Oct 2006
PDF
Ä 48743 / 13
6 Oct 2006
Entry made by the register on its own initiative In force
6 Oct 2006
PDF
Ä 48743 / M5
14 Sep 2006
Fine for not filing the report 3 Nov 2006 In force
30 Sep 2006
PDF
Ä 48743 / 12
30 Sep 2005
Amendment entry In force PDF
Ä 48743 / 11
6 Oct 2004
Amendment entry In force PDF
Ä 48743 / 10
21 Jan 2004
Amendment entry In force PDF
Ä 48743 / M4
2 Jan 2004
Ruling to eliminate deficiencies (to be served) 22 Mar 2004 In force PDF
Ä 48743 / 9
22 Oct 2003
Amendment entry In force PDF
K 73045
20 Jun 2003
Commercial pledge entered In force PDF
Ä 48743 / 8
23 Oct 2002
Unpublished amendment entry In force PDF
Ä 48743 / 7
10 Apr 2002
Published amendment entry In force PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data