EXCELLENT BUSINESS SOLUTIONS EESTI AS

Active Registry code 10877000 AS Tallinn Registered 12 Jul 2002

EXCELLENT BUSINESS SOLUTIONS EESTI AS is a AS based in Tallinn, registry code 10877000, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €2 091 159 with 40 employees.

Turnover

2 091 159 €

↓ 12.3% vs Q2 2026

State taxes

607 449 €

↑ 30.0% vs Q2 2026

Labour taxes

238 243 €

↓ 3.9% vs Q2 2026

Employees

+2 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 2.1 mn €

above 98% of companies

industry median 19 078 € · companies in the industry: 7 345
Labour taxes per employee 5 956 €

above 82% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 7 mn €

above 98% of companies

industry median 14 309 € · companies in the industry: 13 336
Net profit margin · 2025 14.0 %

above 49% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 2 091 159 € · −12.3% 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: 5 956 € · −8.7% 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 · +5.3% vs Q2 2026

State taxes, € thousand Q3 2026: 607 449 € · +30.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	2 091 159	607 449	238 243	40
Q2 2026	2 385 182	467 397	248 012	38
Q1 2026	1 999 532	604 772	269 276	37
Q4 2025	1 763 474	468 160	248 088	39
Q3 2025	1 768 653	554 912	229 534	36
Q2 2025	1 916 774	392 579	209 162	37
Q1 2025	1 713 193	634 644	268 222	34
Q4 2024	1 388 615	370 635	174 754	30
Q3 2024	1 281 913	460 066	194 799	29
Q2 2024	1 267 226	323 058	173 111	28
Q1 2024	1 476 971	562 498	195 460	28
Q4 2023	1 357 142	340 852	156 992	27
Q3 2023	1 301 527	327 548	159 298	27
Q2 2023	1 282 832	385 585	167 367	26
Q1 2023	1 436 924	516 488	178 361	26
Q4 2022	1 366 932	305 534	148 936	28
Q3 2022	1 234 948	398 402	163 505	28
Q2 2022	1 234 023	280 738	127 180	28
Q1 2022	1 319 886	508 391	149 991	26

Labour taxes per employee per month

1 985 €

Turnover per employee in the quarter

52 279 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 6 981 538 € · +32.9% 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: 978 614 € · −25.7% vs 2024 · industry median 106 € · 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 margin, % 2025: 14.0 % · −11.1 pp vs the year before · industry median 15.1 % · above 49% 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: 6 855 954 € · −4.9% vs 2024

Equity, € thousand 2025: 1 145 351 € · −25.0% vs 2024

Employees 2025: 32 · +3.2% 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	6 981 538	978 614	2 145 267	6 855 954	1 145 351	32
2024	5 252 232	1 317 102	1 691 869	7 211 646	1 527 200	31
2023	5 227 157	1 300 546	1 466 661	3 534 980	1 586 455	29
2022	5 141 238	1 259 948	1 338 403	5 537 956	1 750 909	29
2021	4 609 337	639 770	1 208 343	6 419 561	1 644 264	31
2020	4 599 448	1 463 733	1 114 071	7 745 152	2 208 758	25
2019	4 052 668	1 394 560	1 007 706	5 211 820	1 981 718	27
2018	—	—	—	—	—	30
2017	—	—	—	—	—	32
2016	—	—	—	—	—	30
2015	—	—	—	—	—	29
2014	—	—	—	—	—	21
2013	—	—	—	—	—	11
2012	—	—	—	—	—	6
2011	—	—	—	—	—	8
2010	—	—	—	—	—	10
2009	—	—	—	—	—	10
2008	—	—	—	—	—	11
2007	—	—	—	—	—	10
2006	—	—	—	—	—	8
2005	—	—	—	—	—	6
2004	—	—	—	—	—	6
2003	—	—	—	—	—	6

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

14.0 %

Net profit / revenue

Return on equity (ROE)

85.4 %

Net profit / equity

Return on assets (ROA)

14.3 %

Net profit / assets

Equity ratio

16.7 %

Equity / assets

Debt ratio

83.3 %

Liabilities / assets

Current ratio

0.24

Current assets / current liabilities

Revenue per employee

218 173 €

Revenue / average full-time employees

Labour cost per employee per month

5 587 €

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	3 Jul 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	20 Jul 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	29 Jul 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Jun 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	14 Jul 2020	Company’s own · audited	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
2	770 000 €	AS LHV Pank	13 Apr 2017 – in force
1	130 000 €	AS LHV Pank	27 Sep 2013 – in force

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Tõnu Schilf
Board member · since 24 Jul 2013
Lenno Oja
Board member · since 14 Nov 2016
Sven Karuse
Board member · since 8 Nov 2017

Right of representation

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

Owners

No owner information.

Owner in

Beneficial owners

Tõnu Schilf
Indirect ownership · since 2 Jan 2020
Sven Karuse
Direct ownership · since 11 Sep 2018

Founders and other persons

Tanaka Consulting OÜ
Founder · 400 000 € · 12 Jul 2002
Accounting Audiitorbüroo OÜ
Audit firm · 31 Mar 2005
Janno Oja
Chairman of the supervisory board · 26 Nov 2019
Helene Schilf
Supervisory board member · 25 Nov 2019
Maaja-Elaine Nirk
Supervisory board member · 25 Nov 2019
Omanikukonto: Lenno Oja
Shareholder · 5 880 € · 16 Aug 2023
Omanikukonto: OÜ Lillela
Shareholder · 11 760 € · 16 Aug 2023
Omanikukonto: Sven Karuse
Shareholder · 11 760 € · 19 Nov 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

62101Computer programming activities Main
62201Computer consultancy activities

Rulings 51

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10066370 / M15 12 Jul 2025	Warning of a fine: annual report not filed	11 Aug 2025	Deficiencies eliminated 21 Jul 2025	PDF
Ä 10066370 / M14 7 Jul 2024	Warning of a fine: annual report not filed	6 Aug 2024	Deficiencies eliminated 30 Jul 2024	PDF
Ä 10066370 / 36 16 Jun 2021	Amendment entry		In force 16 Jun 2021	PDF
Ä 10066370 / 35 20 Jan 2021	Second (constitutive) merger entry		In force 20 Jan 2021	PDF
Ä 10066370 / M13 18 Jan 2021	Ruling to eliminate deficiencies	17 Feb 2021	Deficiencies eliminated 20 Jan 2021	PDF
Ä 10066370 / 34 19 Jun 2020	Amendment entry		In force 19 Jun 2020	PDF
K 10066370 / 33 27 Jan 2020	Commercial pledge amended		In force 27 Jan 2020	PDF
K 10066370 / 32 27 Jan 2020	Commercial pledge amended		In force 27 Jan 2020	PDF
Ä 10066370 / 31 11 Jan 2019	Amendment under Commercial Code § 525 (2)		In force 11 Jan 2019	PDF
Ä 10066370 / 30 5 Jul 2018	Amendment entry		In force 5 Jul 2018	PDF
Ä 10066370 / 29 31 May 2018	Amendment entry		In force 31 May 2018	PDF
Ä 10066370 / M12 23 May 2018	Ruling to eliminate deficiencies	12 Jun 2018	Deficiencies eliminated 31 May 2018	PDF
Ä 10066370 / 28 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
K 10066370 / 27 17 Nov 2017	Commercial pledge amended		In force 17 Nov 2017	PDF
K 10066370 / 26 17 Nov 2017	Commercial pledge amended		In force 17 Nov 2017	PDF
Ä 10066370 / 25 8 Nov 2017	Amendment entry		In force 8 Nov 2017	PDF
K 10066370 / M11 3 Nov 2017	Ruling to eliminate deficiencies	23 Nov 2017	Deficiencies eliminated 17 Nov 2017	PDF
Ä 10066370 / 24 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
K 10066370 / 23 13 Apr 2017	Commercial pledge entered		In force 13 Apr 2017	PDF
Ä 10066370 / 22 14 Nov 2016	Amendment entry		In force 14 Nov 2016	PDF
Ä 10066370 / M10 12 Oct 2016	Ruling to eliminate deficiencies	11 Nov 2016	In force 12 Oct 2016	PDF
Ä 10066370 / 21 16 Sep 2016	Amendment entry		In force 16 Sep 2016	PDF
K 10066370 / 20 30 May 2014	Commercial pledge amended		In force 30 May 2014	PDF
K 10066370 / 19 27 Sep 2013	Commercial pledge entered		In force 27 Sep 2013	PDF
Ä 10066370 / 18 23 Aug 2013	Amendment entry		In force 23 Aug 2013	PDF
Ä 10066370 / M9 24 Jul 2013	Ruling to eliminate deficiencies	23 Aug 2013	Deficiencies eliminated 23 Aug 2013	PDF
Ä 10066370 / 17 24 Jul 2013	Amendment entry		In force 24 Jul 2013	PDF
Ä 10066370 / 16 27 Jun 2012	Amendment entry		In force 27 Jun 2012	PDF
Ä 10066370 / M8 15 Jun 2012	Ruling to eliminate deficiencies	30 Aug 2012	In force 15 Jun 2012	PDF
Ä 10066370 / 15 23 Feb 2012	Entry refused: deficiencies not eliminated		In force 23 Feb 2012	PDF
Ä 10066370 / M7 17 Jan 2012	Ruling to eliminate deficiencies	17 Feb 2012	In force 17 Jan 2012	PDF
Ä 10066370 / M6 7 Dec 2011	Ruling to eliminate deficiencies	1 Feb 2012	In force 7 Dec 2011	PDF
Ä 10066370 / 14 10 Nov 2010	Second (constitutive) merger entry		In force 10 Nov 2010	PDF
Ä 10066370 / M5 14 Oct 2010	Ruling to eliminate deficiencies	15 Nov 2010	Deficiencies eliminated 8 Nov 2010	PDF
Ä 10066370 / 13 20 Sep 2010	Entry refused: deficiencies not eliminated		In force 12 Oct 2010	PDF
Ä 10066370 / 12 17 Feb 2010	Amendment under Commercial Code § 525 (2)		In force 17 Feb 2010	PDF
Ä 10066370 / 11 17 Feb 2010	Deletion of activities from the registry card		In force 17 Feb 2010	PDF
Ä 66370 / 10 28 Jan 2010	Amendment entry		In force 28 Jan 2010	PDF
Ä 66370 / 9 22 Jan 2010	Amendment entry		In force 22 Jan 2010	PDF
Ä 66370 / M4 14 Jan 2010	Ruling to be served		In force 14 Jan 2010	PDF
Ä 66370 / 8 8 Jan 2010	Second (constitutive) merger entry		In force 8 Jan 2010	PDF
Ä 66370 / M3 5 Jan 2010	Ruling to eliminate deficiencies	4 Feb 2010	In force 5 Jan 2010	PDF
Ä 66370 / M2 31 Dec 2009	Ruling to eliminate deficiencies	1 Feb 2010	In force 31 Dec 2009	PDF
Ä 66370 / 7 24 Mar 2008	Amendment entry		In force 24 Mar 2008	PDF
Ä 66370 / 6 1 Dec 2006	Amendment entry		In force 1 Dec 2006	PDF
Ä 66370 / 5 24 Nov 2004	Amendment entry		In force	PDF
Ä 66370 / 4 10 Jun 2004	Amendment entry		In force	PDF
Ä 66370 / 3 22 Dec 2003	Amendment entry		In force	PDF
Ä 66370 / 2 15 Jul 2003	Amendment entry		In force	PDF
Ä 66370 / M1 18 Jun 2003	Ruling to eliminate deficiencies (to be served)	18 Aug 2003	In force	PDF
Ä 66370 12 Jul 2002	First entry		In force	PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data

EXCELLENT BUSINESS SOLUTIONS EESTI AS

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

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Commercial pledges

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 51