Nevercode OÜ

Active Registry code 12879240 OÜ Tartu linn Registered 14 Jul 2015
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Nevercode OÜ is a OÜ based in Tartu linn, registry code 12879240, status: active. Main activity: Other information technology and computer service activities. According to EMTA, turnover for Q3 2026 was €172 371 with 6 employees.

Turnover
172 371 €
↓ 94.4% vs Q2 2026
State taxes
44 289 €
↓ 0.7% vs Q2 2026
Labour taxes
49 227 €
↓ 0.7% vs Q2 2026
Employees
6
±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 172 371 €
    industry median 19 089 € · companies in the industry: 7 346
  • Labour taxes per employee 8 205 €
    industry median 2 345 € · companies in the industry: 2 783
  • Revenue · 2025 2.9 mn €
    industry median 14 290 € · companies in the industry: 13 346
  • Net profit margin · 2025 -11.4 %
    industry median 15.1 % · companies in the industry: 8 946

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 172 371 € · −94.4% vs Q2 2026 · industry median 19 089 € · above 87% of the industry
01 0002 0003 0004 000Q4 2023 Company: 95 835 € Industry median: 20 650 €Q4·23Q1 2024 Company: 146 283 € Industry median: 20 661 €Q2 2024 Company: 2 753 096 € Industry median: 20 457 €Q2·24Q3 2024 Company: 306 879 € Industry median: 19 800 €Q4 2024 Company: 305 767 € Industry median: 20 474 €Q4·24Q1 2025 Company: 3 102 091 € Industry median: 20 692 €Q2 2025 Company: 405 774 € Industry median: 21 050 €Q2·25Q3 2025 Company: 288 704 € Industry median: 20 327 €Q4 2025 Company: 274 489 € Industry median: 21 190 €Q4·25Q1 2026 Company: 243 034 € Industry median: 20 657 €Q2 2026 Company: 3 081 141 € Industry median: 20 000 €Q2·26Q3 2026 Company: 172 371 € Industry median: 19 089 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 305 767 € Industry median: 20 474 €Q1 2025 Company: 3 102 091 € Industry median: 20 692 €Q1·25Q2 2025 Company: 405 774 € Industry median: 21 050 €Q3 2025 Company: 288 704 € Industry median: 20 327 €Q3·25Q4 2025 Company: 274 489 € Industry median: 21 190 €Q1 2026 Company: 243 034 € Industry median: 20 657 €Q1·26Q2 2026 Company: 3 081 141 € Industry median: 20 000 €Q3 2026 Company: 172 371 € 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: 8 205 € · −0.7% vs Q2 2026 · industry median 2 345 € · above 91% of the industry
02 0004 0006 0008 00010 000Q4 2023 Company: 6 651 € Industry median: 2 316 €Q4·23Q1 2024 Company: 6 933 € Industry median: 2 529 €Q2 2024 Company: 6 135 € Industry median: 2 514 €Q2·24Q3 2024 Company: 7 059 € Industry median: 2 481 €Q4 2024 Company: 6 467 € Industry median: 2 431 €Q4·24Q1 2025 Company: 8 011 € Industry median: 2 523 €Q2 2025 Company: 8 487 € Industry median: 2 506 €Q2·25Q3 2025 Company: 8 221 € Industry median: 2 577 €Q4 2025 Company: 9 344 € Industry median: 2 632 €Q4·25Q1 2026 Company: 8 191 € Industry median: 2 408 €Q2 2026 Company: 8 261 € Industry median: 2 335 €Q2·26Q3 2026 Company: 8 205 € Industry median: 2 345 €Q3·2602 0004 0006 0008 00010 000Q4 2024 Company: 6 467 € Industry median: 2 431 €Q1 2025 Company: 8 011 € Industry median: 2 523 €Q1·25Q2 2025 Company: 8 487 € Industry median: 2 506 €Q3 2025 Company: 8 221 € Industry median: 2 577 €Q3·25Q4 2025 Company: 9 344 € Industry median: 2 632 €Q1 2026 Company: 8 191 € Industry median: 2 408 €Q1·26Q2 2026 Company: 8 261 € Industry median: 2 335 €Q3 2026 Company: 8 205 € 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: 6 · +0.0% vs Q2 2026
02468Q4 2023 Company: 6Q4·23Q1 2024 Company: 6Q2 2024 Company: 7Q2·24Q3 2024 Company: 7Q4 2024 Company: 8Q4·24Q1 2025 Company: 7Q2 2025 Company: 7Q2·25Q3 2025 Company: 7Q4 2025 Company: 6Q4·25Q1 2026 Company: 6Q2 2026 Company: 6Q2·26Q3 2026 Company: 6Q3·2602468Q4 2024 Company: 8Q1 2025 Company: 7Q1·25Q2 2025 Company: 7Q3 2025 Company: 7Q3·25Q4 2025 Company: 6Q1 2026 Company: 6Q1·26Q2 2026 Company: 6Q3 2026 Company: 6Q3·26
State taxes, € Q3 2026: 44 289 € · −0.7% vs Q2 2026
020 00040 00060 000Q4 2023 Company: 39 686 €Q4·23Q1 2024 Company: 38 965 €Q2 2024 Company: 39 961 €Q2·24Q3 2024 Company: 46 085 €Q4 2024 Company: 48 049 €Q4·24Q1 2025 Company: 51 783 €Q2 2025 Company: 54 702 €Q2·25Q3 2025 Company: 52 687 €Q4 2025 Company: 51 171 €Q4·25Q1 2026 Company: 44 526 €Q2 2026 Company: 44 584 €Q2·26Q3 2026 Company: 44 289 €Q3·26020 00040 00060 000Q4 2024 Company: 48 049 €Q1 2025 Company: 51 783 €Q1·25Q2 2025 Company: 54 702 €Q3 2025 Company: 52 687 €Q3·25Q4 2025 Company: 51 171 €Q1 2026 Company: 44 526 €Q1·26Q2 2026 Company: 44 584 €Q3 2026 Company: 44 289 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 172 371 44 289 49 227 6
Q2 2026 3 081 141 44 584 49 563 6
Q1 2026 243 034 44 526 49 148 6
Q4 2025 274 489 51 171 56 065 6
Q3 2025 288 704 52 687 57 544 7
Q2 2025 405 774 54 702 59 412 7
Q1 2025 3 102 091 51 783 56 078 7
Q4 2024 305 767 48 049 51 734 8
Q3 2024 306 879 46 085 49 410 7
Q2 2024 2 753 096 39 961 42 942 7
Q1 2024 146 283 38 965 41 598 6
Q4 2023 95 835 39 686 39 903 6
Q3 2023 131 470 47 550 49 302 6
Q2 2023 150 598 40 856 42 985 8
Q1 2023 2 297 182 47 276 48 235 8
Q4 2022 125 050 44 735 48 094 10
Q3 2022 108 164 42 517 45 073 11
Q2 2022 1 594 241 59 527 62 835 12
Q1 2022 42 857 59 892 64 381 12
Labour taxes per employee per month
2 735 €
Turnover per employee in the quarter
28 729 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 2 879 877 € · +4.3% vs 2024 · industry median 14 290 € · above 98% of the industry
01 0002 0003 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 1 994 723 € Industry median: 11 139 €20192020 Company: 1 196 018 € Industry median: 11 076 €20202021 Company: 1 580 771 € Industry median: 13 113 €20212022 Company: 2 163 775 € Industry median: 15 000 €20222023 Company: 2 559 287 € Industry median: 15 493 €20232024 Company: 2 761 827 € Industry median: 13 755 €20242025 Company: 2 879 877 € Industry median: 14 290 €202501 0002 0003 0002018 Company: — Industry median: —2019 Company: 1 994 723 € Industry median: 11 139 €20192020 Company: 1 196 018 € Industry median: 11 076 €2021 Company: 1 580 771 € Industry median: 13 113 €20212022 Company: 2 163 775 € Industry median: 15 000 €2023 Company: 2 559 287 € Industry median: 15 493 €20232024 Company: 2 761 827 € Industry median: 13 755 €2025 Company: 2 879 877 € Industry median: 14 290 €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: -327 683 € · −1 470.3% vs 2024 · industry median 105 € · above 2% of the industry
-50005001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 923 814 € Industry median: 618 €20192020 Company: 207 965 € Industry median: 618 €20202021 Company: 407 795 € Industry median: 827 €20212022 Company: 87 499 € Industry median: 297 €20222023 Company: 1 624 € Industry median: 383 €20232024 Company: 23 913 € Industry median: 248 €20242025 Company: -327 683 € Industry median: 105 €2025-50005001 0002018 Company: — Industry median: —2019 Company: 923 814 € Industry median: 618 €20192020 Company: 207 965 € Industry median: 618 €2021 Company: 407 795 € Industry median: 827 €20212022 Company: 87 499 € Industry median: 297 €2023 Company: 1 624 € Industry median: 383 €20232024 Company: 23 913 € Industry median: 248 €2025 Company: -327 683 € Industry median: 105 €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: -11.4 % · −12.2 pp vs the year before · industry median 15.1 % · above 18% of the industry
-2002040602016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 46.3 % Industry median: 21.0 %20192020 Company: 17.4 % Industry median: 22.4 %20202021 Company: 25.8 % Industry median: 23.6 %20212022 Company: 4.0 % Industry median: 19.1 %20222023 Company: 0.1 % Industry median: 17.7 %20232024 Company: 0.9 % Industry median: 16.2 %20242025 Company: -11.4 % Industry median: 15.1 %2025-2002040602018 Company: — Industry median: —2019 Company: 46.3 % Industry median: 21.0 %20192020 Company: 17.4 % Industry median: 22.4 %2021 Company: 25.8 % Industry median: 23.6 %20212022 Company: 4.0 % Industry median: 19.1 %2023 Company: 0.1 % Industry median: 17.7 %20232024 Company: 0.9 % Industry median: 16.2 %2025 Company: -11.4 % 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: 522 454 € · −39.5% vs 2024
05001 0001 5002 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 769 196 €20192020 Company: 1 017 917 €20202021 Company: 1 591 392 €20212022 Company: 802 130 €20222023 Company: 793 466 €20232024 Company: 863 928 €20242025 Company: 522 454 €202505001 0001 5002 0002018 Company: —2019 Company: 769 196 €20192020 Company: 1 017 917 €2021 Company: 1 591 392 €20212022 Company: 802 130 €2023 Company: 793 466 €20232024 Company: 863 928 €2025 Company: 522 454 €2025
Equity, € thousand 2025: 307 355 € · −51.6% vs 2024
-20002004006008002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: -93 758 €20192020 Company: 114 208 €20202021 Company: 522 002 €20212022 Company: 609 501 €20222023 Company: 611 125 €20232024 Company: 635 038 €20242025 Company: 307 355 €2025-20002004006008002018 Company: —2019 Company: -93 758 €20192020 Company: 114 208 €2021 Company: 522 002 €20212022 Company: 609 501 €2023 Company: 611 125 €20232024 Company: 635 038 €2025 Company: 307 355 €2025
Employees 2025: 9 · +12.5% vs 2024 · industry median 1 · above 94% of the industry
051015202016 Company: 6 Industry median: —20162017 Company: 12 Industry median: —20172018 Company: 15 Industry median: 120182019 Company: 17 Industry median: 120192020 Company: 14 Industry median: 120202021 Company: 14 Industry median: 120212022 Company: 12 Industry median: 120222023 Company: 9 Industry median: 120232024 Company: 8 Industry median: 120242025 Company: 9 Industry median: 12025051015202018 Company: 15 Industry median: 12019 Company: 17 Industry median: 120192020 Company: 14 Industry median: 12021 Company: 14 Industry median: 120212022 Company: 12 Industry median: 12023 Company: 9 Industry median: 120232024 Company: 8 Industry median: 12025 Company: 9 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 2 879 877 -327 683 679 421 522 454 307 355 9
2024 2 761 827 23 913 746 969 863 928 635 038 8
2023 2 559 287 1 624 655 286 793 466 611 125 9
2022 2 163 775 87 499 529 987 802 130 609 501 12
2021 1 580 771 407 795 518 488 1 591 392 522 002 14
2020 1 196 018 207 965 487 254 1 017 917 114 208 14
2019 1 994 723 923 814 624 179 769 196 -93 758 17
2018 — — — — — 15
2017 — — — — — 12
2016 — — — — — 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
-11.4 %
Net profit / revenue
Return on equity (ROE)
-106.6 %
Net profit / equity
Return on assets (ROA)
-62.7 %
Net profit / assets
Equity ratio
58.8 %
Equity / assets
Debt ratio
41.2 %
Liabilities / assets
Current ratio
2.43
Current assets / current liabilities
Revenue per employee
319 990 €
Revenue / average full-time employees
Labour cost per employee per month
6 291 €
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 1 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 9 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 1 Jul 2024 Company’s own 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 5 Jul 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 3 Jun 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 23 Oct 2020 Company’s own e-Äriregister

Board

  • Martin Remmelgas
    Board member · since 1 Oct 2024
  • 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: NEVERCODE LTD
    Legal person · 2 724 €
  • Omanikukonto: Nevercode OÜ
    Legal person · 12879240 · 303 €

Owner in

Beneficial owners

  • Martin Remmelgas
    Member of a senior management body (management or supervisory board) · since 1 Oct 2024

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 62901Other information technology and computer service activities Main

Rulings 17

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50011416 / 16
1 Oct 2024
 Amendment entry In force
1 Oct 2024
 PDF
Ä 50011416 / 15
22 Sep 2020
 Amendment under Commercial Code § 525 (2) In force
22 Sep 2020
 PDF
Ä 50011416 / 14
4 Sep 2019
 Amendment entry In force
4 Sep 2019
 PDF
Ä 50011416 / M1
27 Aug 2019
 Ruling to eliminate deficiencies 26 Sep 2019 Deficiencies eliminated
4 Sep 2019
 PDF
Ä 50011416 / 13
7 Mar 2019
 Amendment under Commercial Code § 525 (2) In force
7 Mar 2019
 PDF
Ä 50011416 / 12
19 Jan 2018
 Amendment entry In force
19 Jan 2018
 PDF
Ä 50011416 / 11
22 Dec 2017
 Amendment entry In force
22 Dec 2017
 PDF
Ä 50011416 / 10
10 Dec 2017
 Amendment entry In force
10 Dec 2017
 PDF
Ä 50011416 / 9
28 Sep 2017
 Amendment entry In force
28 Sep 2017
 PDF
Ä 50011416 / 8
15 Mar 2017
 Amendment entry In force
15 Mar 2017
 PDF
Ä 50011416 / 7
13 Jan 2017
 Amendment entry In force
13 Jan 2017
 PDF
Ä 50011416 / 6
25 May 2016
 Amendment entry In force
25 May 2016
 PDF
Ä 50011416 / 5
11 May 2016
 Third (informative) division entry In force
11 May 2016
 PDF
Ä 50011416 / 4
11 May 2016
 First (declaratory) division entry In force
11 May 2016
 PDF
Ä 50011416 / 3
18 Mar 2016
 Amendment entry In force
18 Mar 2016
 PDF
Ä 50011416 / 2
18 Dec 2015
 Amendment entry In force
18 Dec 2015
 PDF
Ä 50011416
14 Jul 2015
 First entry In force
14 Jul 2015
 PDF

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