TIVI Voting Technologies OÜ

Active Registry code 12679959 OÜ Tartu linn Registered 26 Jun 2014

TIVI Voting Technologies OÜ is a OÜ based in Tartu linn, registry code 12679959, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €23 023 with 6 employees.

Turnover

23 023 €

↓ 76.4% vs Q2 2026

State taxes

45 943 €

↓ 1.7% vs Q2 2026

Labour taxes

44 959 €

↑ 1.3% vs Q2 2026

Employees

−1 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 23 023 €

above 55% of companies

industry median 19 078 € · companies in the industry: 7 345
Labour taxes per employee 7 493 €

above 89% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 518 635 €

above 93% of companies

industry median 14 309 € · companies in the industry: 13 336
Net profit margin · 2025 -29.2 %

above 12% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 23 023 € · −76.4% vs Q2 2026 · industry median 19 078 € · above 55% 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: 7 493 € · +18.1% 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: 6 · −14.3% vs Q2 2026

State taxes, € Q3 2026: 45 943 € · −1.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	23 023	45 943	44 959	6
Q2 2026	97 606	46 752	44 400	7
Q1 2026	337 519	68 443	41 459	7
Q4 2025	157 875	63 496	55 764	7
Q3 2025	57 335	52 508	53 321	7
Q2 2025	114 009	60 349	49 805	8
Q1 2025	251 225	76 542	49 437	6
Q4 2024	173 573	43 224	45 452	7
Q3 2024	44 385	65 568	67 225	6
Q2 2024	259 286	55 020	46 032	10
Q1 2024	199 965	69 670	54 721	10
Q4 2023	208 647	41 578	44 954	9
Q3 2023	183 139	53 762	53 967	9
Q2 2023	199 228	49 221	52 721	9
Q1 2023	188 928	66 059	55 020	9
Q4 2022	219 179	44 316	47 138	10
Q3 2022	99 569	45 018	41 801	11
Q2 2022	219 401	39 805	43 058	11
Q1 2022	48 640	35 376	33 454	12

Labour taxes per employee per month

2 498 €

Turnover per employee in the quarter

3 837 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 518 635 € · −17.6% vs 2024 · industry median 14 309 € · above 93% 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: -151 652 € · −355.1% vs 2024 · industry median 106 € · above 2% 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: -29.2 % · −38.7 pp vs the year before · industry median 15.1 % · above 12% 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: 1 401 500 € · +26.2% vs 2024

Equity, € thousand 2025: 638 883 € · +235.3% vs 2024

Employees 2025: 9 · +0.0% vs 2024 · industry median 1 · above 94% 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	518 635	-151 652	454 171	1 401 500	638 883	9
2024	629 499	59 455	486 753	1 110 555	190 534	9
2023	613 002	-140 089	507 158	726 357	131 079	9
2022	603 163	135 583	437 661	755 735	271 168	9
2021	196 028	26 285	329 105	504 612	-64 416	7
2020	78 656	-120 320	166 464	288 989	-90 700	8
2019	487 891	24 619	466 482	245 326	29 620	11
2018	—	—	—	—	—	10
2017	—	—	—	—	—	9
2016	—	—	—	—	—	7
2015	—	—	—	—	—	8
2014	—	—	—	—	—	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

-29.2 %

Net profit / revenue

Return on equity (ROE)

-23.7 %

Net profit / equity

Return on assets (ROA)

-10.8 %

Net profit / assets

Equity ratio

45.6 %

Equity / assets

Debt ratio

54.4 %

Liabilities / assets

Current ratio

0.53

Current assets / current liabilities

Revenue per employee

57 626 €

Revenue / average full-time employees

Labour cost per employee per month

4 205 €

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	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	27 Jun 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	25 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	4 Sep 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	7 Jul 2023	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	5 Oct 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	5 Aug 2020	Company’s own	e-Äriregister

Board

Sven Heiberg
Board member · since 26 Jun 2014
Luisana Chávez-Kéri
Board member · since 27 May 2026
Diana Gabriela Del Carmen White Marquez
Board member · since 1 Jun 2026
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: SMARTMATIC INTERNATIONAL HOLDING B.V.
Legal person · 19 317 €

90.62%
Omanikukonto: CYBERNETICA AS
Legal person · 10140133 · 2 000 €

9.38%

Beneficial owners

Antonio Jose Mugica Rivero
Indirect ownership · GBR · since 22 Oct 2018

Founders and other persons

Smartmatic International Holding B.V
Founder · 2 500 € · 20 Jun 2014
KPMG Baltics OÜ
Audit firm · 18 Sep 2014
Eduardo Manuel Correia Nascimento
Chairman of the supervisory board · 12 Jul 2019
Arne Ansper
Supervisory board member · 12 Jul 2019
Anet Ansperi
Supervisory board member · 3 Feb 2023
Fernando Hernan Hernandez Henriquez
Supervisory board member · 3 Feb 2023

Activities (EMTAK)

62101Computer programming activities Main

Rulings 22

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 20068026 / 21 23 Jul 2026	Amendment entry		In force 23 Jul 2026	PDF
Ä 20068026 / 20 1 Jun 2026	Amendment entry		In force 1 Jun 2026	PDF
Ä 20068026 / 19 27 May 2026	Amendment entry		In force 27 May 2026	PDF
Ä 20068026 / 18 15 May 2026	Amendment entry		In force 15 May 2026	PDF
Ä 20068026 / 17 30 Mar 2026	Amendment entry		In force 30 Mar 2026	PDF
Ä 20068026 / 16 27 Mar 2026	Amendment entry		In force 27 Mar 2026	PDF
Ä 20068026 / 15 2 Jun 2025	Amendment entry		In force 2 Jun 2025	PDF
Ä 20068026 / 14 17 Jan 2023	Amendment entry		In force 17 Jan 2023	PDF
Ä 20068026 / 13 1 Aug 2022	Amendment under Commercial Code § 525 (2)		In force 1 Aug 2022	PDF
Ä 20068026 / 12 21 Jun 2022	Amendment entry		In force 21 Jun 2022	PDF
Ä 20068026 / 11 6 May 2022	Amendment entry		In force 6 May 2022	PDF
Ä 20068026 / 10 4 Aug 2020	Entry refused: deficiencies not eliminated		In force 20 Aug 2020	PDF
Ä 20068026 / M1 3 Jul 2020	Ruling to eliminate deficiencies	2 Aug 2020	In force 3 Jul 2020	PDF
Ä 20068026 / 9 29 Jul 2019	Amendment entry		In force 29 Jul 2019	PDF
Ä 20068026 / 8 20 Jan 2018	Amendment entry		In force 20 Jan 2018	PDF
Ä 20068026 / 7 22 Dec 2017	Amendment entry		In force 22 Dec 2017	PDF
Ä 20068026 / 6 7 Dec 2017	Amendment entry		In force 7 Dec 2017	PDF
Ä 20068026 / 5 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 20068026 / 4 23 Sep 2015	Amendment entry		In force 23 Sep 2015	PDF
Ä 20068026 / 3 14 Oct 2014	Amendment entry		In force 14 Oct 2014	PDF
Ä 20068026 / 2 25 Sep 2014	Amendment entry		In force 25 Sep 2014	PDF
Ä 20068026 26 Jun 2014	First entry		In force 26 Jun 2014	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data