IPF Digital AS

Active Registry code 11034137 AS Tallinn Registered 30 Apr 2004
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IPF Digital AS is a AS based in Tallinn, registry code 11034137, status: active. Main activity: Business and other management consultancy activities. According to EMTA, turnover for Q3 2026 was €16 430 863 with 123 employees.

Turnover
16 430 863 €
↓ 9.7% vs Q2 2026
State taxes
831 952 €
↓ 20.1% vs Q2 2026
Labour taxes
761 214 €
↓ 19.8% vs Q2 2026
Employees
123
−1 vs Q2 2026

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

Position in the industry Activities of head offices and management consultancy · EMTAK 70

  • Turnover · Q3 2026 16.4 mn €
    industry median 13 705 € · companies in the industry: 4 338
  • Labour taxes per employee 6 189 €
    industry median 1 649 € · companies in the industry: 1 689
  • Revenue · 2025 49.7 mn €
    industry median 10 800 € · companies in the industry: 9 687
  • Net profit margin · 2025 4.1 %
    industry median 22.0 % · companies in the industry: 6 494

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 16 430 863 € · −9.7% vs Q2 2026 · industry median 13 705 € · above 98% of the industry
05 00010 00015 00020 00025 000Q4 2023 Company: 13 469 470 € Industry median: 15 091 €Q4·23Q1 2024 Company: 24 149 727 € Industry median: 14 762 €Q2 2024 Company: 9 626 526 € Industry median: 14 762 €Q2·24Q3 2024 Company: 23 487 487 € Industry median: 14 140 €Q4 2024 Company: 12 758 962 € Industry median: 15 052 €Q4·24Q1 2025 Company: 15 280 813 € Industry median: 14 703 €Q2 2025 Company: 16 249 469 € Industry median: 13 688 €Q2·25Q3 2025 Company: 16 133 253 € Industry median: 13 984 €Q4 2025 Company: 16 082 396 € Industry median: 14 505 €Q4·25Q1 2026 Company: 16 792 456 € Industry median: 14 237 €Q2 2026 Company: 18 186 597 € Industry median: 14 128 €Q2·26Q3 2026 Company: 16 430 863 € Industry median: 13 705 €Q3·2605 00010 00015 00020 000Q4 2024 Company: 12 758 962 € Industry median: 15 052 €Q1 2025 Company: 15 280 813 € Industry median: 14 703 €Q1·25Q2 2025 Company: 16 249 469 € Industry median: 13 688 €Q3 2025 Company: 16 133 253 € Industry median: 13 984 €Q3·25Q4 2025 Company: 16 082 396 € Industry median: 14 505 €Q1 2026 Company: 16 792 456 € Industry median: 14 237 €Q1·26Q2 2026 Company: 18 186 597 € Industry median: 14 128 €Q3 2026 Company: 16 430 863 € Industry median: 13 705 €Q3·26
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 6 189 € · −19.1% vs Q2 2026 · industry median 1 649 € · above 89% of the industry
02 0004 0006 0008 000Q4 2023 Company: 5 118 € Industry median: 1 639 €Q4·23Q1 2024 Company: 5 314 € Industry median: 1 650 €Q2 2024 Company: 7 851 € Industry median: 1 721 €Q2·24Q3 2024 Company: 5 575 € Industry median: 1 700 €Q4 2024 Company: 5 400 € Industry median: 1 679 €Q4·24Q1 2025 Company: 5 503 € Industry median: 1 739 €Q2 2025 Company: 7 054 € Industry median: 1 758 €Q2·25Q3 2025 Company: 5 045 € Industry median: 1 758 €Q4 2025 Company: 5 550 € Industry median: 1 758 €Q4·25Q1 2026 Company: 5 298 € Industry median: 1 641 €Q2 2026 Company: 7 653 € Industry median: 1 597 €Q2·26Q3 2026 Company: 6 189 € Industry median: 1 649 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 5 400 € Industry median: 1 679 €Q1 2025 Company: 5 503 € Industry median: 1 739 €Q1·25Q2 2025 Company: 7 054 € Industry median: 1 758 €Q3 2025 Company: 5 045 € Industry median: 1 758 €Q3·25Q4 2025 Company: 5 550 € Industry median: 1 758 €Q1 2026 Company: 5 298 € Industry median: 1 641 €Q1·26Q2 2026 Company: 7 653 € Industry median: 1 597 €Q3 2026 Company: 6 189 € Industry median: 1 649 €Q3·26
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 123 · −0.8% vs Q2 2026
050100150Q4 2023 Company: 96Q4·23Q1 2024 Company: 98Q2 2024 Company: 96Q2·24Q3 2024 Company: 96Q4 2024 Company: 110Q4·24Q1 2025 Company: 108Q2 2025 Company: 115Q2·25Q3 2025 Company: 130Q4 2025 Company: 125Q4·25Q1 2026 Company: 122Q2 2026 Company: 124Q2·26Q3 2026 Company: 123Q3·26050100150Q4 2024 Company: 110Q1 2025 Company: 108Q1·25Q2 2025 Company: 115Q3 2025 Company: 130Q3·25Q4 2025 Company: 125Q1 2026 Company: 122Q1·26Q2 2026 Company: 124Q3 2026 Company: 123Q3·26
State taxes, € thousand Q3 2026: 831 952 € · −20.1% vs Q2 2026
02505007501 0001 250Q4 2023 Company: 506 463 €Q4·23Q1 2024 Company: 693 207 €Q2 2024 Company: 825 999 €Q2·24Q3 2024 Company: 591 702 €Q4 2024 Company: 602 344 €Q4·24Q1 2025 Company: 656 926 €Q2 2025 Company: 789 903 €Q2·25Q3 2025 Company: 735 582 €Q4 2025 Company: 717 847 €Q4·25Q1 2026 Company: 686 622 €Q2 2026 Company: 1 040 662 €Q2·26Q3 2026 Company: 831 952 €Q3·2602505007501 0001 250Q4 2024 Company: 602 344 €Q1 2025 Company: 656 926 €Q1·25Q2 2025 Company: 789 903 €Q3 2025 Company: 735 582 €Q3·25Q4 2025 Company: 717 847 €Q1 2026 Company: 686 622 €Q1·26Q2 2026 Company: 1 040 662 €Q3 2026 Company: 831 952 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 16 430 863 831 952 761 214 123
Q2 2026 18 186 597 1 040 662 948 991 124
Q1 2026 16 792 456 686 622 646 358 122
Q4 2025 16 082 396 717 847 693 807 125
Q3 2025 16 133 253 735 582 655 865 130
Q2 2025 16 249 469 789 903 811 209 115
Q1 2025 15 280 813 656 926 594 309 108
Q4 2024 12 758 962 602 344 593 961 110
Q3 2024 23 487 487 591 702 535 244 96
Q2 2024 9 626 526 825 999 753 675 96
Q1 2024 24 149 727 693 207 520 817 98
Q4 2023 13 469 470 506 463 491 374 96
Q3 2023 13 900 094 541 845 508 677 94
Q2 2023 16 151 718 834 221 692 042 96
Q1 2023 13 846 116 979 784 469 297 98
Q4 2022 13 608 282 531 313 455 494 98
Q3 2022 13 411 371 504 826 448 188 100
Q2 2022 17 759 040 695 026 623 304 91
Q1 2022 16 262 166 1 057 061 437 986 87
Labour taxes per employee per month
2 063 €
Turnover per employee in the quarter
133 584 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 49 696 782 € · +6.5% vs 2024 · industry median 10 800 € · above 98% of the industry
020 00040 00060 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 13 457 719 € Industry median: 8 998 €20192020 Company: 54 715 638 € Industry median: 8 779 €20202021 Company: 40 929 185 € Industry median: 9 884 €20212022 Company: 40 214 946 € Industry median: 10 945 €20222023 Company: 43 668 336 € Industry median: 11 079 €20232024 Company: 46 683 930 € Industry median: 10 766 €20242025 Company: 49 696 782 € Industry median: 10 800 €2025020 00040 00060 0002018 Company: — Industry median: —2019 Company: 13 457 719 € Industry median: 8 998 €20192020 Company: 54 715 638 € Industry median: 8 779 €2021 Company: 40 929 185 € Industry median: 9 884 €20212022 Company: 40 214 946 € Industry median: 10 945 €2023 Company: 43 668 336 € Industry median: 11 079 €20232024 Company: 46 683 930 € Industry median: 10 766 €2025 Company: 49 696 782 € Industry median: 10 800 €2025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 2 047 192 € · −50.2% vs 2024 · industry median 284 € · above 98% of the industry
010 00020 00030 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 5 441 702 € Industry median: 966 €20192020 Company: 7 329 595 € Industry median: 760 €20202021 Company: 13 588 363 € Industry median: 1 171 €20212022 Company: 26 834 642 € Industry median: 470 €20222023 Company: 4 758 460 € Industry median: 681 €20232024 Company: 4 110 813 € Industry median: 538 €20242025 Company: 2 047 192 € Industry median: 284 €2025010 00020 00030 0002018 Company: — Industry median: —2019 Company: 5 441 702 € Industry median: 966 €20192020 Company: 7 329 595 € Industry median: 760 €2021 Company: 13 588 363 € Industry median: 1 171 €20212022 Company: 26 834 642 € Industry median: 470 €2023 Company: 4 758 460 € Industry median: 681 €20232024 Company: 4 110 813 € Industry median: 538 €2025 Company: 2 047 192 € Industry median: 284 €2025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 4.1 % · −4.7 pp vs the year before · industry median 22.0 % · above 33% of the industry
0204060802016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 40.4 % Industry median: 31.9 %20192020 Company: 13.4 % Industry median: 32.1 %20202021 Company: 33.2 % Industry median: 35.7 %20212022 Company: 66.7 % Industry median: 27.6 %20222023 Company: 10.9 % Industry median: 28.4 %20232024 Company: 8.8 % Industry median: 25.0 %20242025 Company: 4.1 % Industry median: 22.0 %20250204060802018 Company: — Industry median: —2019 Company: 40.4 % Industry median: 31.9 %20192020 Company: 13.4 % Industry median: 32.1 %2021 Company: 33.2 % Industry median: 35.7 %20212022 Company: 66.7 % Industry median: 27.6 %2023 Company: 10.9 % Industry median: 28.4 %20232024 Company: 8.8 % Industry median: 25.0 %2025 Company: 4.1 % Industry median: 22.0 %2025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 69 688 578 € · +13.0% vs 2024
020 00040 00060 00080 000100 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 35 147 176 €20192020 Company: 82 483 595 €20202021 Company: 70 873 120 €20212022 Company: 70 075 666 €20222023 Company: 73 604 661 €20232024 Company: 61 656 329 €20242025 Company: 69 688 578 €2025020 00040 00060 00080 000100 0002018 Company: —2019 Company: 35 147 176 €20192020 Company: 82 483 595 €2021 Company: 70 873 120 €20212022 Company: 70 075 666 €2023 Company: 73 604 661 €20232024 Company: 61 656 329 €2025 Company: 69 688 578 €2025
Equity, € thousand 2025: 26 426 904 € · −6.9% vs 2024
020 00040 00060 00080 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 24 868 843 €20192020 Company: 69 087 433 €20202021 Company: 61 675 797 €20212022 Company: 62 510 439 €20222023 Company: 67 268 899 €20232024 Company: 28 379 712 €20242025 Company: 26 426 904 €2025020 00040 00060 00080 0002018 Company: —2019 Company: 24 868 843 €20192020 Company: 69 087 433 €2021 Company: 61 675 797 €20212022 Company: 62 510 439 €2023 Company: 67 268 899 €20232024 Company: 28 379 712 €2025 Company: 26 426 904 €2025
Employees 2025: 125 · +14.7% vs 2024 · industry median 1 · above 98% of the industry
02550751001252016 Company: 18 Industry median: —20162017 Company: 18 Industry median: —20172018 Company: 14 Industry median: 120182019 Company: 16 Industry median: 120192020 Company: 91 Industry median: 120202021 Company: 88 Industry median: 120212022 Company: 95 Industry median: 120222023 Company: 99 Industry median: 120232024 Company: 109 Industry median: 120242025 Company: 125 Industry median: 1202502550751001252018 Company: 14 Industry median: 12019 Company: 16 Industry median: 120192020 Company: 91 Industry median: 12021 Company: 88 Industry median: 120212022 Company: 95 Industry median: 12023 Company: 99 Industry median: 120232024 Company: 109 Industry median: 12025 Company: 125 Industry median: 12025
  • Company
  • Industry median

Industry: Activities of head offices and management consultancy (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 49 696 782 2 047 192 — 69 688 578 26 426 904 125
2024 46 683 930 4 110 813 — 61 656 329 28 379 712 109
2023 43 668 336 4 758 460 — 73 604 661 67 268 899 99
2022 40 214 946 26 834 642 — 70 075 666 62 510 439 95
2021 40 929 185 13 588 363 — 70 873 120 61 675 797 88
2020 54 715 638 7 329 595 4 537 231 82 483 595 69 087 433 91
2019 13 457 719 5 441 702 681 742 35 147 176 24 868 843 16
2018 — — — — — 14
2017 — — — — — 18
2016 — — — — — 18
2015 — — — — — 12
2014 — — — — — 16
2013 — — — — — 14
2012 — — — — — 13
2011 — — — — — 12
2010 — — — — — 11
2009 — — — — — 12
2008 — — — — — 11
2004 — — — — — 0

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
4.1 %
Net profit / revenue
Return on equity (ROE)
7.7 %
Net profit / equity
Return on assets (ROA)
2.9 %
Net profit / assets
Equity ratio
37.9 %
Equity / assets
Debt ratio
62.1 %
Liabilities / assets
Current ratio
1.17
Current assets / current liabilities
Revenue per employee
397 574 €
Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 22 Jun 2026 Consolidated · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 30 Jun 2025 Consolidated · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 28 Jun 2024 Consolidated · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 29 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Consolidated · 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 30 Apr 2020 Company’s own · audited e-Äriregister

Board

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

  • Michael Christian Petronio
    Member of a senior management body (management or supervisory board) · USA · since 22 Oct 2026
  • Gerard Jude Ryan
    Member of a senior management body (management or supervisory board) · GBR · since 11 Dec 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 70201Business and other management consultancy activities Main
  • 6492Other credit granting
Rulings
Number, date Title Deadline State Document
Ä 10079503 / 41
15 Oct 2026
Amendment entry In force
15 Oct 2026
PDF
Ä 10079503 / M20
1 Oct 2026
Ruling to eliminate deficiencies 31 Oct 2026 In force
17 Oct 2026
PDF
Ä 10079503 / M19
14 Apr 2026
Procedural ruling 29 Apr 2026 In force
14 Apr 2026
PDF
Ä 10079503 / M18
24 Mar 2026
Procedural ruling 3 Apr 2026 In force
24 Mar 2026
PDF
Ä 10079503 / 40
5 Dec 2025
Amendment entry In force
5 Dec 2025
PDF
Ä 10079503 / 39
21 Nov 2025
Entry refused: deficiencies not eliminated In force
16 Dec 2025
PDF
Ä 10079503 / M17
6 Oct 2025
Ruling to eliminate deficiencies 19 Nov 2025 In force
6 Nov 2025
PDF
Ä 10079503 / M16
21 May 2025
Procedural ruling In force
21 May 2025
PDF
Ä 10079503 / M15
6 May 2025
Ruling to correct data outside an entry 20 May 2025 In force
6 May 2025
PDF
Ä 10079503 / 38
17 Apr 2025
Amendment entry In force
17 Apr 2025
PDF
Ä 10079503 / 37
25 Feb 2025
Amendment entry In force
25 Feb 2025
PDF
Ä 10079503 / 36
27 Jan 2025
Amendment entry In force
27 Jan 2025
PDF
Ä 10079503 / M14
22 Jan 2025
Ruling to eliminate deficiencies 21 Feb 2025 Deficiencies eliminated
27 Jan 2025
PDF
Ä 10079503 / 35
2 Dec 2024
Amendment entry In force
2 Dec 2024
PDF
Ä 10079503 / 34
1 Jul 2024
Amendment entry In force
1 Jul 2024
PDF
Ä 10079503 / M13
27 Mar 2024
Procedural ruling In force
27 Mar 2024
PDF
Ä 10079503 / M12
12 Mar 2024
Ruling to correct data outside an entry 26 Mar 2024 In force
12 Mar 2024
PDF
Ä 10079503 / 33
15 Feb 2024
Amendment entry In force
15 Feb 2024
PDF
Ä 10079503 / 32
4 Jan 2024
Amendment entry In force
4 Jan 2024
PDF
Ä 10079503 / 31
14 Sep 2023
Amendment entry In force
14 Sep 2023
PDF
Ä 10079503 / M11
24 Aug 2023
Ruling to eliminate deficiencies 24 Sep 2023 Deficiencies eliminated
14 Sep 2023
PDF
Ä 10079503 / M10
24 Mar 2023
Ruling to correct data outside an entry 3 Apr 2023 Deficiencies eliminated
31 Mar 2023
PDF
Ä 10079503 / 30
21 Mar 2023
Amendment entry In force
21 Mar 2023
PDF
Ä 10079503 / 29
9 Mar 2023
Amendment entry In force
9 Mar 2023
PDF
Ä 10079503 / M9
9 Jun 2022
Ruling to eliminate deficiencies 19 Jun 2022 Deficiencies eliminated
15 Jun 2022
PDF
Ä 10079503 / 28
9 Jun 2022
Amendment entry In force
9 Jun 2022
PDF
Ä 10079503 / 27
27 Apr 2022
Amendment entry In force
27 Apr 2022
PDF
Ä 10079503 / 26
8 Nov 2021
Amendment entry In force
8 Nov 2021
PDF
Ä 10079503 / M8
11 Oct 2021
Ruling to eliminate deficiencies 10 Nov 2021 Deficiencies eliminated
8 Nov 2021
PDF
Ä 10079503 / 25
4 Jul 2021
Amendment entry In force
4 Jul 2021
PDF
Ä 10079503 / M7
22 Sep 2020
Ruling to correct data outside an entry 22 Oct 2020 Deficiencies eliminated
24 Sep 2020
PDF
Ä 10079503 / 24
4 Aug 2020
Second (constitutive) merger entry In force
4 Aug 2020
PDF
Ä 10079503 / 23
13 Jul 2020
Transformation entry In force
13 Jul 2020
PDF
Ä 10079503 / 22
12 Mar 2020
Amendment entry In force
12 Mar 2020
PDF
Ä 10079503 / M6
3 Mar 2020
Ruling to eliminate deficiencies 2 Apr 2020 Deficiencies eliminated
12 Mar 2020
PDF
Ä 10079503 / 21
3 Mar 2020
Amendment entry In force
3 Mar 2020
PDF
Ä 10079503 / 20
16 Feb 2018
Amendment entry In force
16 Feb 2018
PDF
Ä 10079503 / 19
17 Jan 2018
Amendment entry In force
17 Jan 2018
PDF
Ä 10079503 / 18
8 Nov 2017
Amendment entry In force
8 Nov 2017
PDF
Ä 10079503 / 17
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10079503 / 16
8 Oct 2015
Amendment under Commercial Code § 525 (2) In force
8 Oct 2015
PDF
Ä 10079503 / 15
22 Jul 2015
Amendment entry In force
22 Jul 2015
PDF
Ä 10079503 / M5
20 Jul 2015
Ruling to eliminate deficiencies 18 Sep 2015 Deficiencies eliminated
17 Jul 2015
PDF
Ä 10079503 / 14
9 Jul 2015
Amendment entry In force
9 Jul 2015
PDF
Ä 10079503 / 13
10 Dec 2013
Amendment under Commercial Code § 525 (2) In force
10 Dec 2013
PDF
Ä 10079503 / 12
22 Dec 2011
Amendment entry In force
22 Dec 2011
PDF
Ä 10079503 / 11
28 Sep 2010
Amendment entry In force
28 Sep 2010
PDF
Ä 10079503 / 10
4 May 2010
Deletion of activities from the registry card In force
4 May 2010
PDF
Ä 79503 / 9
19 Jan 2010
Amendment under Commercial Code § 525 (2) In force
19 Jan 2010
PDF
Ä 79503 / 8
19 Jun 2008
Amendment entry In force
20 Jun 2008
PDF
Ä 79503 / 7
15 Mar 2007
Amendment entry In force
15 Mar 2007
PDF
Ä 79503 / M4
29 Dec 2006
Refund of the state fee In force
29 Dec 2006
PDF
Ä 79503 / 6
18 Dec 2006
Entry made by the register on its own initiative In force
18 Dec 2006
PDF
Ä 79503 / 5
13 Dec 2006
Amendment entry In force
13 Dec 2006
PDF
Ä 79503 / 4
6 Sep 2006
Amendment entry In force
6 Sep 2006
PDF
Ä 79503 / M3
28 Aug 2006
Ruling to eliminate deficiencies (to be served) In force
1 Sep 2006
PDF
Ä 79503 / M2
6 Mar 2006
Ruling to eliminate deficiencies (to be served) 5 Apr 2006 In force
6 Mar 2006
PDF
Ä 79503 / 3
17 Oct 2005
Amendment entry In force PDF
Ä 79503 / 2
25 May 2004
Amendment entry In force PDF
Ä 79503
30 Apr 2004
First entry In force PDF
Ä 79503 / M1
23 Apr 2004
Ruling to eliminate deficiencies (to be served) In force PDF

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