Passware OÜ

Active Registry code 12770387 OÜ Tallinn Registered 17 Dec 2014
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Passware OÜ is a OÜ based in Tallinn, registry code 12770387, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €1 395 843 with 3 employees.

Turnover
1 395 843 €
↓ 17.0% vs Q2 2026
State taxes
49 165 €
↑ 84.0% vs Q2 2026
Labour taxes
31 155 €
↑ 4.9% vs Q2 2026
Employees
3
±0 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 1.4 mn €
    industry median 19 089 € · companies in the industry: 7 346
  • Labour taxes per employee 10 385 €
    industry median 2 345 € · companies in the industry: 2 783
  • Revenue · 2025 4 mn €
    industry median 14 308 € · companies in the industry: 13 337
  • Net profit margin · 2025 -0.1 %
    industry median 15.1 % · companies in the industry: 8 944

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 395 843 € · −17.0% vs Q2 2026 · industry median 19 089 € · above 98% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 1 661 787 € Industry median: 20 651 €Q4·23Q1 2024 Company: 1 811 847 € Industry median: 20 684 €Q2 2024 Company: 1 239 479 € Industry median: 20 460 €Q2·24Q3 2024 Company: 1 277 307 € Industry median: 19 818 €Q4 2024 Company: 1 665 891 € Industry median: 20 478 €Q4·24Q1 2025 Company: 1 855 486 € Industry median: 20 692 €Q2 2025 Company: 1 805 225 € Industry median: 21 050 €Q2·25Q3 2025 Company: 1 674 566 € Industry median: 20 327 €Q4 2025 Company: 1 921 892 € Industry median: 21 191 €Q4·25Q1 2026 Company: 2 081 284 € Industry median: 20 657 €Q2 2026 Company: 1 682 274 € Industry median: 20 000 €Q2·26Q3 2026 Company: 1 395 843 € Industry median: 19 089 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 665 891 € Industry median: 20 478 €Q1 2025 Company: 1 855 486 € Industry median: 20 692 €Q1·25Q2 2025 Company: 1 805 225 € Industry median: 21 050 €Q3 2025 Company: 1 674 566 € Industry median: 20 327 €Q3·25Q4 2025 Company: 1 921 892 € Industry median: 21 191 €Q1 2026 Company: 2 081 284 € Industry median: 20 657 €Q1·26Q2 2026 Company: 1 682 274 € Industry median: 20 000 €Q3 2026 Company: 1 395 843 € Industry median: 19 089 €Q3·26
  • 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: 10 385 € · +4.9% vs Q2 2026 · industry median 2 345 € · above 98% of the industry
05 00010 00015 000Q4 2023 Company: 9 124 € Industry median: 2 319 €Q4·23Q1 2024 Company: 6 505 € Industry median: 2 529 €Q2 2024 Company: 11 291 € Industry median: 2 514 €Q2·24Q3 2024 Company: 8 262 € Industry median: 2 481 €Q4 2024 Company: 13 742 € Industry median: 2 431 €Q4·24Q1 2025 Company: 9 237 € Industry median: 2 523 €Q2 2025 Company: 9 504 € Industry median: 2 506 €Q2·25Q3 2025 Company: 9 425 € Industry median: 2 577 €Q4 2025 Company: 9 472 € Industry median: 2 632 €Q4·25Q1 2026 Company: 9 199 € Industry median: 2 408 €Q2 2026 Company: 9 904 € Industry median: 2 335 €Q2·26Q3 2026 Company: 10 385 € Industry median: 2 345 €Q3·2605 00010 00015 000Q4 2024 Company: 13 742 € Industry median: 2 431 €Q1 2025 Company: 9 237 € Industry median: 2 523 €Q1·25Q2 2025 Company: 9 504 € Industry median: 2 506 €Q3 2025 Company: 9 425 € Industry median: 2 577 €Q3·25Q4 2025 Company: 9 472 € Industry median: 2 632 €Q1 2026 Company: 9 199 € Industry median: 2 408 €Q1·26Q2 2026 Company: 9 904 € Industry median: 2 335 €Q3 2026 Company: 10 385 € Industry median: 2 345 €Q3·26
  • 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: 3 · +0.0% vs Q2 2026
0123Q4 2023 Company: 2Q4·23Q1 2024 Company: 3Q2 2024 Company: 3Q2·24Q3 2024 Company: 3Q4 2024 Company: 3Q4·24Q1 2025 Company: 3Q2 2025 Company: 3Q2·25Q3 2025 Company: 3Q4 2025 Company: 3Q4·25Q1 2026 Company: 3Q2 2026 Company: 3Q2·26Q3 2026 Company: 3Q3·260123Q4 2024 Company: 3Q1 2025 Company: 3Q1·25Q2 2025 Company: 3Q3 2025 Company: 3Q3·25Q4 2025 Company: 3Q1 2026 Company: 3Q1·26Q2 2026 Company: 3Q3 2026 Company: 3Q3·26
State taxes, € thousand Q3 2026: 49 165 € · +84.0% vs Q2 2026
050100150Q4 2023 Company: 18 063 €Q4·23Q1 2024 Company: 18 965 €Q2 2024 Company: 31 555 €Q2·24Q3 2024 Company: 24 395 €Q4 2024 Company: 120 617 €Q4·24Q1 2025 Company: 25 699 €Q2 2025 Company: 96 329 €Q2·25Q3 2025 Company: 133 251 €Q4 2025 Company: 28 398 €Q4·25Q1 2026 Company: 67 245 €Q2 2026 Company: 26 716 €Q2·26Q3 2026 Company: 49 165 €Q3·26050100150Q4 2024 Company: 120 617 €Q1 2025 Company: 25 699 €Q1·25Q2 2025 Company: 96 329 €Q3 2025 Company: 133 251 €Q3·25Q4 2025 Company: 28 398 €Q1 2026 Company: 67 245 €Q1·26Q2 2026 Company: 26 716 €Q3 2026 Company: 49 165 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 395 843 49 165 31 155 3
Q2 2026 1 682 274 26 716 29 712 3
Q1 2026 2 081 284 67 245 27 596 3
Q4 2025 1 921 892 28 398 28 415 3
Q3 2025 1 674 566 133 251 28 274 3
Q2 2025 1 805 225 96 329 28 512 3
Q1 2025 1 855 486 25 699 27 711 3
Q4 2024 1 665 891 120 617 41 226 3
Q3 2024 1 277 307 24 395 24 786 3
Q2 2024 1 239 479 31 555 33 873 3
Q1 2024 1 811 847 18 965 19 515 3
Q4 2023 1 661 787 18 063 18 247 2
Q3 2023 1 478 016 193 215 19 260 2
Q2 2023 1 322 059 15 136 16 118 2
Q1 2023 1 281 430 32 450 32 020 2
Q4 2022 1 783 398 22 162 23 227 2
Q3 2022 1 084 952 24 055 25 478 3
Q2 2022 933 672 49 529 49 164 3
Q1 2022 1 078 849 23 232 24 322 4
Labour taxes per employee per month
3 462 €
Turnover per employee in the quarter
465 281 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 3 970 925 € · +2.4% vs 2024 · industry median 14 308 € · above 98% of the industry
01 0002 0003 0004 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 2 711 088 € Industry median: 11 130 €20192020 Company: 2 998 165 € Industry median: 11 075 €20202021 Company: 2 930 944 € Industry median: 13 109 €20212022 Company: 3 190 569 € Industry median: 15 007 €20222023 Company: 2 676 377 € Industry median: 15 500 €20232024 Company: 3 876 449 € Industry median: 13 784 €20242025 Company: 3 970 925 € Industry median: 14 308 €202501 0002 0003 0004 0002018 Company: — Industry median: —2019 Company: 2 711 088 € Industry median: 11 130 €20192020 Company: 2 998 165 € Industry median: 11 075 €2021 Company: 2 930 944 € Industry median: 13 109 €20212022 Company: 3 190 569 € Industry median: 15 007 €2023 Company: 2 676 377 € Industry median: 15 500 €20232024 Company: 3 876 449 € Industry median: 13 784 €2025 Company: 3 970 925 € Industry median: 14 308 €2025
  • 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: -4 634 € · −100.7% vs 2024 · industry median 106 € · above 15% of the industry
-1 000-50005001 0001 5002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 861 417 € Industry median: 618 €20192020 Company: -31 205 € Industry median: 618 €20202021 Company: 1 239 481 € Industry median: 833 €20212022 Company: 960 000 € Industry median: 300 €20222023 Company: -608 125 € Industry median: 383 €20232024 Company: 707 857 € Industry median: 249 €20242025 Company: -4 634 € Industry median: 106 €2025-1 000-50005001 0001 5002018 Company: — Industry median: —2019 Company: 861 417 € Industry median: 618 €20192020 Company: -31 205 € Industry median: 618 €2021 Company: 1 239 481 € Industry median: 833 €20212022 Company: 960 000 € Industry median: 300 €2023 Company: -608 125 € Industry median: 383 €20232024 Company: 707 857 € Industry median: 249 €2025 Company: -4 634 € Industry median: 106 €2025
  • 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: -0.1 % · −18.4 pp vs the year before · industry median 15.1 % · above 28% of the industry
-40-2002040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 31.8 % Industry median: 21.0 %20192020 Company: -1.0 % Industry median: 22.4 %20202021 Company: 42.3 % Industry median: 23.7 %20212022 Company: 30.1 % Industry median: 19.1 %20222023 Company: -22.7 % Industry median: 17.8 %20232024 Company: 18.3 % Industry median: 16.3 %20242025 Company: -0.1 % Industry median: 15.1 %2025-40-2002040602018 Company: — Industry median: —2019 Company: 31.8 % Industry median: 21.0 %20192020 Company: -1.0 % Industry median: 22.4 %2021 Company: 42.3 % Industry median: 23.7 %20212022 Company: 30.1 % Industry median: 19.1 %2023 Company: -22.7 % Industry median: 17.8 %20232024 Company: 18.3 % Industry median: 16.3 %2025 Company: -0.1 % Industry median: 15.1 %2025
  • 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: 4 102 402 € · −11.0% vs 2024
01 0002 0003 0004 0005 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 2 447 503 €20192020 Company: 2 679 521 €20202021 Company: 4 118 928 €20212022 Company: 4 947 614 €20222023 Company: 4 160 083 €20232024 Company: 4 610 068 €20242025 Company: 4 102 402 €202501 0002 0003 0004 0005 0002018 Company: —2019 Company: 2 447 503 €20192020 Company: 2 679 521 €2021 Company: 4 118 928 €20212022 Company: 4 947 614 €2023 Company: 4 160 083 €20232024 Company: 4 610 068 €2025 Company: 4 102 402 €2025
Equity, € thousand 2025: 2 554 849 € · −23.5% vs 2024
01 0002 0003 0004 0005 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 2 162 809 €20192020 Company: 2 131 604 €20202021 Company: 3 371 085 €20212022 Company: 4 331 085 €20222023 Company: 3 022 960 €20232024 Company: 3 339 484 €20242025 Company: 2 554 849 €202501 0002 0003 0004 0005 0002018 Company: —2019 Company: 2 162 809 €20192020 Company: 2 131 604 €2021 Company: 3 371 085 €20212022 Company: 4 331 085 €2023 Company: 3 022 960 €20232024 Company: 3 339 484 €2025 Company: 2 554 849 €2025
Employees 2025: 3 · +0.0% vs 2024 · industry median 1 · above 85% of the industry
012342016 Company: 2 Industry median: —20162017 Company: 2 Industry median: —20172018 Company: 3 Industry median: 120182019 Company: 4 Industry median: 120192020 Company: 4 Industry median: 120202021 Company: 3 Industry median: 120212022 Company: 2 Industry median: 120222023 Company: 2 Industry median: 120232024 Company: 3 Industry median: 120242025 Company: 3 Industry median: 12025012342018 Company: 3 Industry median: 12019 Company: 4 Industry median: 120192020 Company: 4 Industry median: 12021 Company: 3 Industry median: 120212022 Company: 2 Industry median: 12023 Company: 2 Industry median: 120232024 Company: 3 Industry median: 12025 Company: 3 Industry median: 12025
  • 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 3 970 925 -4 634 254 106 4 102 402 2 554 849 3
2024 3 876 449 707 857 246 411 4 610 068 3 339 484 3
2023 2 676 377 -608 125 172 459 4 160 083 3 022 960 2
2022 3 190 569 960 000 275 566 4 947 614 4 331 085 2
2021 2 930 944 1 239 481 272 368 4 118 928 3 371 085 3
2020 2 998 165 -31 205 271 470 2 679 521 2 131 604 4
2019 2 711 088 861 417 166 915 2 447 503 2 162 809 4
2018 — — — — — 3
2017 — — — — — 2
2016 — — — — — 2
2015 — — — — — 1

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)
-0.2 %
Net profit / equity
Return on assets (ROA)
-0.1 %
Net profit / assets
Equity ratio
62.3 %
Equity / assets
Debt ratio
37.7 %
Liabilities / assets
Current ratio
1.30
Current assets / current liabilities
Revenue per employee
1 323 642 €
Revenue / average full-time employees
Labour cost per employee per month
7 059 €
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 27 May 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 31 Mar 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 15 May 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 9 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 2 May 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 15 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 21 Sep 2020 Company’s own · audited e-Äriregister

Board

  • Igor Raikhelgauz
    Board member · since 17 Dec 2014
  • Dmitry Sumin
    Board member · since 12 Sep 2022
  • Nasdaq CSD SE
    Keeper of the share register · since 8 Sep 2020

Right of representation

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

Owners

Owner in

Beneficial owners

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 62101Computer programming activities Main
Rulings
Number, date Title Deadline State Document
Ä 10203620 / 12
2 Dec 2024
Amendment under Code of Civil Procedure § 595¹ (1) In force
2 Dec 2024
PDF
Ä 10203620 / 11
12 Sep 2022
Amendment entry In force
12 Sep 2022
PDF
Ä 10203620 / 10
20 Sep 2021
Amendment under Commercial Code § 525 (2) In force
20 Sep 2021
PDF
Ä 10203620 / 9
9 Sep 2021
Amendment under Commercial Code § 525 (2) In force
9 Sep 2021
PDF
Ä 10203620 / 8
8 Sep 2020
Amendment entry In force
8 Sep 2020
PDF
Ä 10203620 / 7
30 Jun 2020
Amendment under Commercial Code § 525 (2) In force
30 Jun 2020
PDF
Ä 10203620 / 6
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
Ä 10203620 / 5
8 Dec 2017
Amendment entry In force
8 Dec 2017
PDF
Ä 10203620 / 4
3 May 2016
Amendment under Commercial Code § 525 (2) In force
3 May 2016
PDF
Ä 10203620 / 3
29 Jul 2015
Amendment under Commercial Code § 525 (2) In force
29 Jul 2015
PDF
Ä 10203620 / 2
15 Jul 2015
Amendment entry In force
15 Jul 2015
PDF
Ä 10203620
17 Dec 2014
First entry In force
17 Dec 2014
PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data