HQSystems OÜ is a OÜ based in Tallinn, registry code 12981256, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €697 751 with 2 employees.
Turnover
697 751 €
↓ 16.0%vs Q2 2026
State taxes
1 747 €
↓ 28.8%vs Q2 2026
Labour taxes
1 920 €
↑ 0.0%vs Q2 2026
Employees
2
±0vs 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 2026697 751 €
above 98% of companies
industry median 19 078 € · companies in the industry: 7 345
Labour taxes per employee960 €
above 16% of companies
industry median 2 345 € · companies in the industry: 2 783
Revenue · 20251.8 mn €
above 98% of companies
industry median 14 309 € · companies in the industry: 13 336
Net profit margin · 2025-27.4 %
above 13% of companies
industry median 15.1 % · companies in the industry: 8 943
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 697 751 € · −16.0% vs Q2 2026 · industry median 19 078 € · above 98% 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: 960 € · +0.0% vs Q2 2026 · industry median 2 345 € · above 16% 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.
EmployeesQ3 2026: 2 · +0.0% vs Q2 2026State taxes, € Q3 2026: 1 747 € · −28.8% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
697 751
1 747
1 920
2
Q2 2026
831 107
2 452
1 920
2
Q1 2026
736 392
2 574
2 197
2
Q4 2025
915 968
14 548
2 752
2
Q3 2025
1 093 113
6 160
2 808
2
Q2 2025
998 328
2 477
2 639
2
Q1 2025
978 678
2 463
2 627
2
Q4 2024
1 061 650
4 176
3 891
2
Q3 2024
1 188 891
—
4 365
2
Q2 2024
884 828
4 213
4 365
2
Q1 2024
1 180 615
—
4 365
2
Q4 2023
1 190 640
7 964
4 544
2
Q3 2023
1 161 441
4 213
4 365
2
Q2 2023
1 118 466
4 213
4 365
2
Q1 2023
1 128 293
4 240
4 365
2
Q4 2022
1 030 942
4 079
4 225
2
Q3 2022
1 123 012
3 811
3 945
2
Q2 2022
1 188 076
—
2 805
2
Q1 2022
1 099 746
502
525
2
Labour taxes per employee per month
320 €
Turnover per employee in the quarter
348 876 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2025
Revenue, € thousand 2025: 1 845 415 € · −7.7% vs 2024 · industry median 14 309 € · above 98% 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: -505 176 € · −39.2% 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: -27.4 % · −9.2 pp vs the year before · industry median 15.1 % · above 13% 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: 1 399 181 € · −28.8% vs 2024Equity, € thousand 2025: 1 153 027 € · −31.0% vs 2024Employees2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% 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
1 845 415
-505 176
25 415
1 399 181
1 153 027
1
2024
1 999 057
-362 796
37 898
1 965 660
1 670 703
1
2023
1 572 587
-116 821
47 731
2 364 453
2 033 499
1
2022
1 534 411
854 765
34 326
2 372 473
2 165 499
1
2021
1 973 007
267 013
5 947
1 588 208
1 310 734
0
2020
1 571 600
483 653
25 297
1 098 865
982 827
0
2019
2 436 600
21 888
54 411
757 023
501 721
0
2018
—
—
—
—
—
0
2017
—
—
—
—
—
0
2016
—
—
—
—
—
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
-27.4 %
Net profit / revenue
Return on equity (ROE)
-43.8 %
Net profit / equity
Return on assets (ROA)
-36.1 %
Net profit / assets
Equity ratio
82.4 %
Equity / assets
Debt ratio
17.6 %
Liabilities / assets
Current ratio
7.11
Current assets / current liabilities
Revenue per employee
1 845 415 €
Revenue / average full-time employees
Labour cost per employee per month
2 118 €
Labour costs / employees / 12 months (incl. employer taxes)
