Codeborne OÜ

Active Registry code 11885355 OÜ Tallinn Registered 4 Feb 2010

Codeborne OÜ is a OÜ based in Tallinn, registry code 11885355, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €1 689 845 with 61 employees.

Turnover

1 689 845 €

↓ 35.0% vs Q2 2026

State taxes

696 830 €

↑ 8.4% vs Q2 2026

Labour taxes

455 813 €

↓ 7.6% 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 1.7 mn €

above 98% of companies

industry median 19 089 € · companies in the industry: 7 346
Labour taxes per employee 7 472 €

above 89% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 8.5 mn €

above 98% of companies

industry median 14 290 € · companies in the industry: 13 346
Net profit margin · 2025 26.2 %

above 59% of companies

industry median 15.1 % · companies in the industry: 8 946

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 689 845 € · −35.0% vs Q2 2026 · industry median 19 089 € · 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: 7 472 € · −10.6% vs Q2 2026 · industry median 2 345 € · above 89% 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: 61 · +3.4% vs Q2 2026

State taxes, € thousand Q3 2026: 696 830 € · +8.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 689 845	696 830	455 813	61
Q2 2026	2 598 630	642 864	493 371	59
Q1 2026	2 033 680	1 316 373	490 358	64
Q4 2025	2 267 979	821 215	501 401	63
Q3 2025	2 105 674	764 726	496 040	66
Q2 2025	2 201 958	723 684	476 441	64
Q1 2025	2 359 272	1 229 684	420 299	61
Q4 2024	1 922 628	567 574	388 432	55
Q3 2024	1 842 620	549 863	374 827	53
Q2 2024	1 652 943	507 287	337 430	51
Q1 2024	1 593 699	991 891	484 086	50
Q4 2023	1 869 986	448 243	311 155	52
Q3 2023	1 421 301	421 480	295 817	50
Q2 2023	1 411 578	415 869	288 979	48
Q1 2023	1 298 154	871 343	430 145	46
Q4 2022	1 534 548	423 288	268 746	46
Q3 2022	1 201 709	384 554	266 779	45
Q2 2022	1 357 257	447 317	274 981	41
Q1 2022	1 238 354	856 340	384 633	37

Labour taxes per employee per month

2 491 €

Turnover per employee in the quarter

27 702 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 8 530 000 € · +18.2% vs 2024 · industry median 14 290 € · 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: 2 236 000 € · −5.3% vs 2024 · industry median 105 € · 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: 26.2 % · −6.5 pp vs the year before · industry median 15.1 % · above 59% 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: 4 027 000 € · +27.8% vs 2024

Equity, € thousand 2025: 3 067 000 € · +27.9% vs 2024

Employees 2025: 65 · +22.6% 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	8 530 000	2 236 000	4 483 000	4 027 000	3 067 000	65
2024	7 215 000	2 362 000	3 602 000	3 152 000	2 398 000	53
2023	6 005 000	2 360 000	2 984 000	3 518 000	3 014 000	49
2022	5 632 000	2 058 000	2 624 000	3 066 000	2 616 000	43
2021	4 772 000	1 858 000	2 259 000	2 859 000	2 433 000	39
2020	4 247 000	1 905 000	1 592 000	2 931 000	2 545 000	34
2019	4 427 000	2 114 000	1 525 000	3 015 000	2 762 000	33
2018	—	—	—	—	—	33
2017	—	—	—	—	—	32
2016	—	—	—	—	—	31
2015	—	—	—	—	—	30
2014	—	—	—	—	—	26
2013	—	—	—	—	—	22
2012	—	—	—	—	—	17
2011	—	—	—	—	—	13
2010	—	—	—	—	—	10

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

26.2 %

Net profit / revenue

Return on equity (ROE)

72.9 %

Net profit / equity

Return on assets (ROA)

55.5 %

Net profit / assets

Equity ratio

76.2 %

Equity / assets

Debt ratio

23.8 %

Liabilities / assets

Current ratio

4.07

Current assets / current liabilities

Revenue per employee

131 231 €

Revenue / average full-time employees

Labour cost per employee per month

5 747 €

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	30 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	30 Jun 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	1 Jul 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	31 Oct 2020	Company’s own · audited	e-Äriregister

Board

Erik Jõgi
Board member · since 4 Feb 2010
Toomas Talts
Board member · since 4 Feb 2010
Aho Augasmägi
Board member · since 3 Mar 2014

Right of representation

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

Owners

Aho Augasmägi
Natural person · 2 480 €

20.21%
Erik Jõgi
Natural person · 2 480 €

20.21%
Toomas Talts
Natural person · 2 480 €

20.21%
Aivar Naaber
Natural person · 540 €

4.40%
Tarmo Ojala
Natural person · 480 €

3.91%
Revo Sirel
Natural person · 480 €

3.91%
Andrei Solntsev
Natural person · 480 €

3.91%
Marek Kusmin
Natural person · 420 €

3.42%
Maksim Säkki
Natural person · 420 €

3.42%
Erkki Teedla
Natural person · 420 €

3.42%
Kirill Klenski
Natural person · 300 €

2.44%
Codeborne OÜ
Legal person · 11885355 · 205 €

1.67%
Mihhail Kornõšev
Natural person · 110 €

0.90%
Tiit Pekk
Natural person · 110 €

0.90%
Jaan Sepp
Natural person · 110 €

0.90%
Myroslava Stavnycha
Natural person · 110 €

0.90%
Hasso Mehide
Natural person · 80 €

0.65%
Kaarel Ratas
Natural person · 80 €

0.65%
Tõnis Aruste
Natural person · 75 €

0.61%
Margo Mitt
Natural person · 65 €

0.53%
Kätlin Hein
Natural person · 60 €

0.49%
Ülar Kösta
Natural person · 60 €

0.49%
Elis Laasik
Natural person · 60 €

0.49%
Elina Matvejeva
Natural person · 45 €

0.37%
Piret Seeman
Natural person · 40 €

0.33%
Jaan Sälik
Natural person · 40 €

0.33%
Vladislav Ogorodnik
Natural person · 20 €

0.16%
Erik Puidet
Natural person · 20 €

0.16%

Owner in

Beneficial owners

Aho Augasmägi
Direct ownership · since 18 Oct 2018
Erik Jõgi
Direct ownership · since 18 Oct 2018
Toomas Talts
Direct ownership · since 18 Oct 2018

Founders and other persons

Anton Keks
Founder · 12 500 € · 3 Feb 2010
Erik Jõgi
Founder · 12 500 € · 3 Feb 2010
Toomas Talts
Founder · 12 500 € · 3 Feb 2010
OÜ Loogika
Founder · 12 500 € · 3 Feb 2010
Toomas Prükk
Audit firm · 1 Feb 2012

shared board members, owners or beneficial owners

Activities (EMTAK)

62101Computer programming activities Main

Rulings 28

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10142685 / 21 8 May 2026	Amendment entry		In force 8 May 2026	PDF
Ä 10142685 / M7 30 Apr 2026	Ruling to eliminate deficiencies	15 May 2026	Deficiencies eliminated 4 May 2026	PDF
Ä 10142685 / 20 20 Apr 2026	Amendment entry		In force 20 Apr 2026	PDF
Ä 10142685 / 19 8 Apr 2026	Amendment entry		In force 8 Apr 2026	PDF
Ä 10142685 / 18 8 Apr 2026	Amendment entry		In force 8 Apr 2026	PDF
Ä 10142685 / M6 31 Mar 2026	Ruling to eliminate deficiencies	15 Apr 2026	Deficiencies eliminated 20 Apr 2026	PDF
Ä 10142685 / 17 23 Mar 2026	Entry refused: deficiencies not eliminated		In force 8 Apr 2026	PDF
Ä 10142685 / M5 9 Jan 2026	Ruling to eliminate deficiencies	24 Jan 2026	In force 27 Jan 2026	PDF
Ä 10142685 / 16 20 Oct 2025	Amendment entry		In force 20 Oct 2025	PDF
Ä 10142685 / 15 4 Dec 2024	Amendment entry		In force 4 Dec 2024	PDF
Ä 10142685 / M4 26 Nov 2024	Ruling to eliminate deficiencies	11 Dec 2024	Deficiencies eliminated 26 Nov 2024	PDF
Ä 10142685 / 14 22 Jan 2024	Amendment entry		In force 22 Jan 2024	PDF
Ä 10142685 / M3 19 Jan 2024	Ruling to eliminate deficiencies	5 Feb 2024	Deficiencies eliminated 22 Jan 2024	PDF
Ä 10142685 / 13 7 Feb 2023	Amendment entry		In force 7 Feb 2023	PDF
Ä 10142685 / 12 16 Jan 2023	Amendment entry		In force 16 Jan 2023	PDF
Ä 10142685 / 11 19 Jan 2022	Amendment entry		In force 19 Jan 2022	PDF
Ä 10142685 / 10 24 Jan 2020	Amendment entry		In force 24 Jan 2020	PDF
Ä 10142685 / M2 19 Dec 2018	Ruling to eliminate deficiencies	18 Jan 2019	Deficiencies eliminated 19 Dec 2018	PDF
Ä 10142685 / 9 19 Dec 2018	Amendment entry		In force 19 Dec 2018	PDF
Ä 10142685 / 8 6 Aug 2018	Amendment entry		In force 6 Aug 2018	PDF
Ä 10142685 / 7 7 May 2018	Amendment entry		In force 7 May 2018	PDF
Ä 10142685 / 6 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10142685 / 5 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10142685 / 4 3 Mar 2014	Amendment entry		In force 3 Mar 2014	PDF
Ä 10142685 / 3 26 Oct 2010	Note on registration of shares in the Estonian central register of securities		In force 26 Oct 2010	PDF
Ä 10142685 / 2 13 Oct 2010	Amendment entry		In force 13 Oct 2010	PDF
Ä 10142685 / M1 5 Oct 2010	Ruling to eliminate deficiencies	15 Nov 2010	In force 5 Oct 2010	PDF
Ä 142685 4 Feb 2010	First entry		In force 4 Feb 2010	PDF

Sources: e-Äriregister and EMTA. Data updated 26 Oct 2026. Open at the source ↗ · Report an error in the data

Codeborne OÜ

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

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 28