OÜ Thorgate Management

Active Registry code 12073493 OÜ Tallinn Registered 14 Mar 2011

OÜ Thorgate Management is a OÜ based in Tallinn, registry code 12073493, status: active. Main activity: Business and other management consultancy activities. According to EMTA, turnover for Q3 2026 was €195 798 with 3 employees.

Turnover

195 798 €

↓ 3.8% vs Q2 2026

State taxes

37 388 €

↓ 4.0% vs Q2 2026

Labour taxes

17 901 €

↓ 3.9% vs Q2 2026

Employees

±0 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 195 798 €

above 98% of companies

industry median 13 705 € · companies in the industry: 4 338
Labour taxes per employee 5 967 €

above 89% of companies

industry median 1 649 € · companies in the industry: 1 689
Revenue · 2025 630 720 €

above 98% of companies

industry median 10 800 € · companies in the industry: 9 687
Net profit margin · 2025 0.1 %

above 27% of companies

industry median 22.0 % · companies in the industry: 6 494

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 195 798 € · −3.8% vs Q2 2026 · industry median 13 705 € · above 98% of the industry

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: 5 967 € · −3.9% vs Q2 2026 · industry median 1 649 € · above 89% of the industry

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: 3 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 37 388 € · −4.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	195 798	37 388	17 901	3
Q2 2026	203 434	38 939	18 619	3
Q1 2026	187 890	37 185	19 164	3
Q4 2025	172 558	35 721	21 481	3
Q3 2025	171 439	38 353	24 212	3
Q2 2025	172 812	32 516	18 434	4
Q1 2025	186 994	29 194	14 713	4
Q4 2024	163 974	26 927	14 584	3
Q3 2024	164 799	23 108	9 450	3
Q2 2024	164 450	21 428	10 574	2
Q1 2024	175 710	31 750	15 567	3
Q4 2023	164 788	25 668	13 420	3
Q3 2023	185 504	30 952	17 523	3
Q2 2023	193 278	25 519	11 020	3
Q1 2023	186 650	20 786	7 404	3
Q4 2022	187 619	26 241	11 184	2
Q3 2022	184 139	24 614	7 596	3
Q2 2022	173 306	24 479	6 287	2
Q1 2022	175 595	20 438	4 131	3

Labour taxes per employee per month

1 989 €

Turnover per employee in the quarter

65 266 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 630 720 € · −0.1% vs 2024 · industry median 10 800 € · above 98% of the industry

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: 490 € · −99.5% vs 2024 · industry median 284 € · above 51% of the industry

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: 0.1 % · −15.4 pp vs the year before · industry median 22.0 % · above 27% of the industry

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: 1 553 878 € · −1.7% vs 2024

Equity, € thousand 2025: 1 229 474 € · +0.0% vs 2024

Employees 2025: 3 · +0.0% vs 2024 · industry median 1 · above 93% of the industry

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	630 720	490	188 946	1 553 878	1 229 474	3
2024	631 280	97 438	115 006	1 580 246	1 228 984	3
2023	687 180	-37 117	105 011	1 573 325	1 081 546	3
2022	698 085	161 317	63 581	1 368 298	973 134	2
2021	683 389	139 691	69 532	1 268 800	715 817	2
2020	606 876	57 454	82 071	1 012 629	526 626	2
2019	664 000	122 861	108 668	947 327	469 172	2
2018	—	—	—	—	—	2
2017	—	—	—	—	—	27
2016	—	—	—	—	—	20
2015	—	—	—	—	—	7
2014	—	—	—	—	—	6
2013	—	—	—	—	—	6
2012	—	—	—	—	—	5
2011	—	—	—	—	—	4

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

0.1 %

Net profit / revenue

Return on equity (ROE)

0.0 %

Net profit / equity

Return on assets (ROA)

0.0 %

Net profit / assets

Equity ratio

79.1 %

Equity / assets

Debt ratio

20.9 %

Liabilities / assets

Current ratio

0.35

Current assets / current liabilities

Revenue per employee

219 642 €

Revenue / average full-time employees

Labour cost per employee per month

5 249 €

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	24 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	12 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	12 May 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	27 May 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Jun 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	16 Jun 2020	Company’s own	e-Äriregister

Commercial pledges

No.	Amount	Pledgee	Period
1	100 000 €	Swedbank AS	28 Sep 2017 – in force

Board

Ivar Merilo
Board member · since 14 Mar 2011
Raido Pikkar
Board member · since 8 Jun 2015
Toomas Uripea
Board member · since 8 Jun 2015
Nasdaq CSD SE
Keeper of the share register · since 28 Sep 2017

Right of representation

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

Owners

Omanikukonto: OÜ THORSTEN
Legal person · 10891023 · 111 561 €

32.29%
Omanikukonto: TIME SOLUTIONS OÜ
Legal person · 11716115 · 106 719 €

30.89%
Omanikukonto: Mepe Holdings OÜ
Legal person · 14842441 · 62 631 €

18.13%
Omanikukonto: TOOMAS URIPEA
Natural person · 27 990 €

8.10%
Omanikukonto: OÜ DONEWISE
Legal person · 12809646 · 20 295 €

5.87%
Omanikukonto: RIVO LAKS
Natural person · 13 650 €

3.95%
Omanikukonto: OÜ TH3F0X
Legal person · 12580008 · 2 682 €

0.78%

Owner in

Babash Group OÜ
5.02%
Bilance Technology OÜ
1.04%
Eziil Production Intelligence OÜ
1.09%
GateMe OÜ
100%
Hepta Insights OÜ
0.34%
Moderan Solutions OÜ
0.51%
Patchstack OÜ
0.77%
Patchstack OÜ
0.26%
Sportlio OÜ
30.01%
Spotit OÜ
0.45%
Thorgate Digital OÜ
89.03%
Thorgate Ventures I OÜ
41.56%
Thorgate Ventures II Greentech OÜ
36.50%
Thorgate Ventures III OÜ
34%
Waybiller OÜ
46.30%
bide technology OÜ
3.07%

Beneficial owners

Raido Pikkar
Indirect ownership · since 30 Jun 2023
Toomas Uripea
Indirect ownership · since 30 Jun 2023

Founders and other persons

Ivar Merilo
Founder · 200 € · 13 Mar 2011
Janar Merilo
Founder · 200 € · 13 Mar 2011
Toomas Uripea
Founder · 2 600 € · 13 Mar 2011
Osaühing Thorsten
Founder · 1 000 € · 13 Mar 2011

shared board members, owners or beneficial owners

Activities (EMTAK)

70201Business and other management consultancy activities Main

Rulings 25

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10153869 / 21 6 May 2024	Amendment entry		In force 6 May 2024	PDF
Ä 10153869 / 20 6 Nov 2023	Amendment entry		In force 6 Nov 2023	PDF
Ä 10153869 / M4 3 Nov 2023	Ruling to eliminate deficiencies	3 Dec 2023	Deficiencies eliminated 6 Nov 2023	PDF
Ä 10153869 / 19 26 Jul 2023	Amendment entry		In force 26 Jul 2023	PDF
Ä 10153869 / 18 16 Mar 2023	Amendment entry		In force 16 Mar 2023	PDF
Ä 10153869 / 17 17 Jun 2022	Amendment entry		In force 17 Jun 2022	PDF
Ä 10153869 / 16 28 Feb 2022	Amendment entry		In force 28 Feb 2022	PDF
Ä 10153869 / 15 26 Oct 2021	Amendment entry		In force 26 Oct 2021	PDF
Ä 10153869 / 14 29 Jun 2021	Amendment entry		In force 29 Jun 2021	PDF
Ä 10153869 / 13 10 Jun 2021	Amendment entry		In force 10 Jun 2021	PDF
Ä 10153869 / 12 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10153869 / 11 2 Dec 2017	Amendment entry		In force 2 Dec 2017	PDF
Ä 10153869 / 9 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
K 10153869 / 10 28 Sep 2017	Commercial pledge entered		In force 28 Sep 2017	PDF
K 10153869 / M3 25 Sep 2017	Ruling to eliminate deficiencies	10 Oct 2017	Deficiencies eliminated 28 Sep 2017	PDF
Ä 10153869 / 8 8 Jun 2015	Amendment entry		In force 8 Jun 2015	PDF
Ä 10153869 / 7 4 May 2015	Amendment entry		In force 4 May 2015	PDF
Ä 10153869 / 6 26 Jun 2013	Amendment under Commercial Code § 525 (2)		In force 26 Jun 2013	PDF
Ä 10153869 / 5 22 Nov 2012	Note on registration of shares in the Estonian central register of securities		In force 22 Nov 2012	PDF
Ä 10153869 / 4 30 Jul 2012	Amendment entry		In force 30 Jul 2012	PDF
Ä 10153869 / M2 26 Jul 2012	Ruling to eliminate deficiencies	31 Aug 2012	In force 26 Jul 2012	PDF
Ä 10153869 / 3 19 Jul 2012	Amendment entry		In force 19 Jul 2012	PDF
Ä 10153869 / M1 10 Jul 2012	Ruling to eliminate deficiencies	10 Sep 2012	In force 10 Jul 2012	PDF
Ä 10153869 / 2 23 May 2011	Amendment entry		In force 23 May 2011	PDF
Ä 10153869 14 Mar 2011	First entry		In force 14 Mar 2011	PDF

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

OÜ Thorgate Management

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

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 25