Xolo OÜ

Active Registry code 12844111 OÜ Tartu linn Registered 4 May 2015

Xolo OÜ is a OÜ based in Tartu linn, registry code 12844111, status: active. Main activity: Bookkeeping, tax consulting. According to EMTA, turnover for Q3 2026 was €2 657 421 with 83 employees.

Turnover

2 657 421 €

↑ 13.3% vs Q2 2026

State taxes

933 792 €

↑ 15.0% vs Q2 2026

Labour taxes

538 897 €

↑ 5.9% vs Q2 2026

Employees

+4 vs Q2 2026

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

Position in the industry Legal and accounting activities · EMTAK 69

Turnover · Q3 2026 2.7 mn €

above 98% of companies

industry median 9 740 € · companies in the industry: 3 327
Labour taxes per employee 6 493 €

above 98% of companies

industry median 1 122 € · companies in the industry: 3 120
Revenue · 2025 8.7 mn €

above 98% of companies

industry median 12 784 € · companies in the industry: 8 416
Net profit margin · 2025 28.3 %

above 64% of companies

industry median 14.8 % · companies in the industry: 6 880

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 2 657 421 € · +13.3% vs Q2 2026 · industry median 9 740 € · above 98% of the industry

Company
Industry median

Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 6 493 € · +0.8% vs Q2 2026 · industry median 1 122 € · above 98% of the industry

Company
Industry median

Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 83 · +5.1% vs Q2 2026

State taxes, € thousand Q3 2026: 933 792 € · +15.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	2 657 421	933 792	538 897	83
Q2 2026	2 344 946	811 828	508 848	79
Q1 2026	4 987 011	1 470 613	516 500	81
Q4 2025	2 299 335	770 655	471 993	81
Q3 2025	2 014 107	795 113	495 475	77
Q2 2025	2 263 553	750 721	471 210	78
Q1 2025	1 714 340	705 107	470 058	78
Q4 2024	1 368 847	607 266	419 847	80
Q3 2024	1 310 804	601 653	408 441	76
Q2 2024	1 302 401	593 414	402 134	77
Q1 2024	1 321 531	624 721	427 683	77
Q4 2023	1 292 852	687 950	517 127	81
Q3 2023	1 369 951	638 744	469 359	92
Q2 2023	1 458 418	693 080	541 315	91
Q1 2023	1 272 059	625 423	475 765	88
Q4 2022	1 222 771	590 606	434 060	84
Q3 2022	1 056 500	590 248	444 452	81
Q2 2022	1 384 368	541 624	415 323	83
Q1 2022	1 383 333	515 218	396 137	77

Labour taxes per employee per month

2 164 €

Turnover per employee in the quarter

32 017 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 8 698 254 € · +31.5% vs 2024 · industry median 12 784 € · above 98% of the industry

Company
Industry median

Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 2 461 015 € · +122.7% vs 2024 · industry median 1 062 € · above 98% of the industry

Company
Industry median

Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 28.3 % · +11.6 pp vs the year before · industry median 14.8 % · above 64% of the industry

Company
Industry median

Industry: Legal and accounting activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 8 216 073 € · +19.2% vs 2024

Equity, € thousand 2025: 6 489 644 € · +63.5% vs 2024

Employees 2025: 77 · −21.4% vs 2024 · industry median 1 · above 98% of the industry

Company
Industry median

Industry: Legal and accounting 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	8 698 254	2 461 015	4 960 771	8 216 073	6 489 644	77
2024	6 614 617	1 104 848	4 423 356	6 891 796	3 968 823	98
2023	4 890 755	-1 966 465	5 222 944	6 690 315	2 863 975	95
2022	4 354 519	-2 315 162	4 935 244	5 032 675	2 173 823	103
2021	3 461 425	-2 977 822	3 017 157	2 406 848	1 234 353	0
2020	2 548 971	-2 172 273	2 556 930	1 955 679	1 024 221	73
2019	1 904 438	-2 573 321	2 101 028	3 923 163	3 196 493	59
2018	—	—	—	—	—	39
2017	—	—	—	—	—	15
2016	—	—	—	—	—	10
2015	—	—	—	—	—	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

28.3 %

Net profit / revenue

Return on equity (ROE)

37.9 %

Net profit / equity

Return on assets (ROA)

30.0 %

Net profit / assets

Equity ratio

79.0 %

Equity / assets

Debt ratio

21.0 %

Liabilities / assets

Current ratio

0.99

Current assets / current liabilities

Revenue per employee

112 964 €

Revenue / average full-time employees

Labour cost per employee per month

5 369 €

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	2 Apr 2026	Consolidated · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	4 Apr 2025	Consolidated · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	1 Apr 2024	Consolidated · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	5 Apr 2023	Consolidated · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	13 Apr 2022	Consolidated · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	31 Mar 2021	Consolidated · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	13 Jul 2020	Company’s own · audited	e-Äriregister

Board

Johanna Papson
Board member · since 28 Sep 2026
Piret Kerem
Board member · since 28 Sep 2026

Right of representation

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

Owners

Karma Ventures I SICAV-SIF, SCS
Legal person · 15 077 €

17.02%
Vendep Capital Fund II Ky
Legal person · 10 675 €

12.05%
Melvest OÜ
Legal person · 11914074 · 7 299 €

8.24%
Medwedia Holdings OÜ
Legal person · 11170627 · 7 234 €

8.17%
LeapIN SPV1 OÜ
Legal person · 14359012 · 6 128 €

6.92%
Placeholder OÜ
Legal person · 12841791 · 6 015 €

6.79%
Almaz Capital Fund III SCSp
Legal person · 5 901 €

6.66%
Metaplanet Holdings OÜ
Legal person · 11210545 · 4 942 €

5.58%
OÜ Lifeloop
Legal person · 12155624 · 3 510 €

3.96%
Usaldusfond United Angels Fund I
Legal person · 14371639 · 2 986 €

3.37%
Skaala Investments OÜ
Legal person · 11168790 · 2 063 €

2.33%
EigenKapital OÜ
Legal person · 14655748 · 1 933 €

2.18%
Leap Ventures Europe SAS
Legal person · 1 534 €

1.73%
osaühing Kakuke
Legal person · 11153623 · 1 411 €

1.59%
Andrew Prozes
Natural person · 1 401 €

1.58%
Thorgate Ventures I OÜ
Legal person · 14244616 · 1 204 €

1.36%
MISTLETOE SINGAPORE PTE. LTD.
Legal person · 1 163 €

1.31%
Xolo OÜ
Legal person · 12844111 · 1 048 €

1.18%
Multiplier OÜ
Legal person · 11228858 · 822 €

0.93%
ATUM Private Equity OÜ
Legal person · 12228636 · 758 €

0.86%
Thorgate Ventures III OÜ
Legal person · 14799745 · 635 €

0.72%
Osaühing Alving
Legal person · 11039146 · 561 €

0.63%
Contriber Ventures OÜ
Legal person · 11349869 · 508 €

0.57%
Capitalia Co-investment Fund, Komandītsabiedrība
Legal person · 494 €

0.56%
SEIKATSU OÜ
Legal person · 10921741 · 444 €

0.50%
Aktsiaselts Eesti Talleks
Legal person · 10280727 · 379 €

0.43%
Osaühing Positron Management
Legal person · 10888222 · 374 €

0.42%
Hakk Software OÜ
Legal person · 14046833 · 298 €

0.34%
Dynaplay Estonia OÜ
Legal person · 11208896 · 228 €

0.26%
PRAVI INVESTEERINGUD OÜ
Legal person · 10843917 · 228 €

0.26%
SILVER VENTURES AB
Legal person · 228 €

0.26%
Wiser Financial Advisors OÜ
Legal person · 11440417 · 228 €

0.26%
Deeptech OÜ
Legal person · 12949614 · 198 €

0.22%
Chilli Invest OÜ
Legal person · 12329159 · 153 €

0.17%
aktsiaselts IEG
Legal person · 10078204 · 132 €

0.15%
osaühing MTVP
Legal person · 10390723 · 132 €

0.15%
RedGreen OÜ
Legal person · 12436814 · 66 €

0.07%
Mikko Juhani Teerenhovi
Natural person · 66 €

0.07%
Õhinapõhine OÜ
Legal person · 12185364 · 49 €

0.06%
GoBeyond Capital Fund II Usaldusfond
Legal person · 16256606 · 46 €

0.05%
Annika Jurs
Natural person · 17 €

0.02%
Philip Marius Weiss
Natural person · 7 €

0.01%

Owner in

Beneficial owners

Johanna Papson
Member of a senior management body (management or supervisory board) · since 2 Oct 2026
Piret Kerem
Member of a senior management body (management or supervisory board) · since 2 Oct 2026
Margus Uudam
Member of a senior management body (management or supervisory board) · since 2 Jul 2019

Founders and other persons

Medwedia Holdings OÜ
Founder · 2 500 € · 30 Apr 2015
Melvest OÜ
Founder · 2 500 € · 30 Apr 2015
OÜ Lifeloop
Founder · 2 500 € · 30 Apr 2015
Placeholder OÜ
Founder · 2 500 € · 30 Apr 2015
Aktsiaselts PricewaterhouseCoopers
Audit firm · 13 May 2020
Margus Uudam
Chairman of the supervisory board · 6 Mar 2025
Erko Hansar
Supervisory board member · 19 Jan 2022
Sakari Pihlava
Supervisory board member · 6 Mar 2025
Urmo Pärg
Supervisory board member · 6 Mar 2025

shared board members, owners or beneficial owners

Activities (EMTAK)

69202Bookkeeping, tax consulting Main

Rulings 32

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50007537 / 29 28 Sep 2026	Amendment entry		In force 28 Sep 2026	PDF
Ä 50007537 / M3 21 May 2026	Ruling to correct data outside an entry	4 Jun 2026	In force 21 May 2026	PDF
Ä 50007537 / M2 5 Mar 2025	Ruling to correct data outside an entry	19 Mar 2025	Deficiencies eliminated 6 Mar 2025	PDF
Ä 50007537 / 28 28 May 2024	Amendment entry		In force 28 May 2024	PDF
Ä 50007537 / M1 7 May 2024	Ruling to eliminate deficiencies	21 Jun 2024	Deficiencies eliminated 28 May 2024	PDF
Ä 50007537 / 27 15 Mar 2024	Amendment entry		In force 15 Mar 2024	PDF
Ä 50007537 / 26 11 Mar 2024	Entry refused		In force 28 Mar 2024	PDF
Ä 50007537 / 25 19 Feb 2024	Amendment entry		In force 19 Feb 2024	PDF
Ä 50007537 / 24 14 Aug 2023	Second (constitutive) merger entry		In force 14 Aug 2023	PDF
Ä 50007537 / 23 3 May 2023	Amendment entry		In force 3 May 2023	PDF
Ä 50007537 / 22 24 Apr 2023	Amendment entry		In force 24 Apr 2023	PDF
Ä 50007537 / 21 6 Apr 2023	Amendment entry		In force 6 Apr 2023	PDF
Ä 50007537 / 20 17 Feb 2023	Amendment entry		In force 17 Feb 2023	PDF
Ä 50007537 / 19 28 Dec 2022	Entry refused		In force 14 Jan 2023	PDF
Ä 50007537 / 18 24 Jan 2022	Amendment entry		In force 24 Jan 2022	PDF
Ä 50007537 / 17 17 Sep 2021	Amendment entry		In force 17 Sep 2021	PDF
Ä 50007537 / 16 26 Feb 2021	Amendment under Commercial Code § 525 (2)		In force 26 Feb 2021	PDF
Ä 50007537 / 15 25 Feb 2021	Amendment entry		In force 25 Feb 2021	PDF
Ä 50007537 / 14 20 Feb 2020	Amendment entry		In force 20 Feb 2020	PDF
Ä 50007537 / 13 12 Sep 2019	Amendment entry		In force 12 Sep 2019	PDF
Ä 50007537 / 12 10 Jul 2019	Amendment entry		In force 10 Jul 2019	PDF
Ä 50007537 / 11 30 May 2019	Amendment entry		In force 30 May 2019	PDF
Ä 50007537 / 10 4 Jan 2019	Amendment entry		In force 4 Jan 2019	PDF
Ä 50007537 / 9 22 Nov 2018	Amendment entry		In force 22 Nov 2018	PDF
Ä 50007537 / 8 20 Jan 2018	Amendment entry		In force 20 Jan 2018	PDF
Ä 50007537 / 7 30 Nov 2017	Amendment entry		In force 30 Nov 2017	PDF
Ä 50007537 / 6 29 Sep 2017	Amendment entry		In force 29 Sep 2017	PDF
Ä 50007537 / 5 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 50007537 / 4 22 Sep 2016	Amendment entry		In force 22 Sep 2016	PDF
Ä 50007537 / 3 16 Sep 2016	Amendment entry		In force 16 Sep 2016	PDF
Ä 50007537 / 2 31 Dec 2015	Amendment entry		In force 31 Dec 2015	PDF
Ä 50007537 4 May 2015	First entry		In force 4 May 2015	PDF

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

Xolo OÜ

Position in the industry Legal and accounting activities · EMTAK 69

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 32