Cloud Factory OÜ

Active Registry code 14309770 OÜ Kurna küla Registered 10 Aug 2017

Cloud Factory OÜ is a OÜ based in Kurna küla, registry code 14309770, status: active. Main activity: Manufacture of jewellery and related articles. According to EMTA, turnover for Q3 2026 was €27 327 with 5 employees.

Turnover

27 327 €

↓ 80.2% vs Q2 2026

State taxes

23 948 €

↓ 7.4% vs Q2 2026

Labour taxes

25 610 €

↓ 6.6% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Other manufacturing · EMTAK 32

Turnover · Q3 2026 27 327 €

above 54% of companies

industry median 22 261 € · companies in the industry: 304
Labour taxes per employee 5 122 €

above 93% of companies

industry median 1 664 € · companies in the industry: 293
Revenue · 2025 538 712 €

above 90% of companies

industry median 15 630 € · companies in the industry: 668
Net profit margin · 2025 -33.9 %

above 10% of companies

industry median 4.9 % · companies in the industry: 476

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 27 327 € · −80.2% vs Q2 2026 · industry median 22 261 € · above 54% of the industry

Company
Industry median

Industry: Other manufacturing (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 5 122 € · −6.6% vs Q2 2026 · industry median 1 664 € · above 93% of the industry

Company
Industry median

Industry: Other manufacturing (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 5 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 23 948 € · −7.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	27 327	23 948	25 610	5
Q2 2026	138 229	25 856	27 408	5
Q1 2026	158 209	22 318	23 866	5
Q4 2025	236 840	24 751	26 444	5
Q3 2025	145 954	27 498	29 410	5
Q2 2025	57 045	26 232	27 542	6
Q1 2025	147 960	23 039	24 703	6
Q4 2024	59 976	21 480	27 582	6
Q3 2024	56 397	25 842	27 498	7
Q2 2024	62 593	28 977	26 426	7
Q1 2024	40 163	25 916	26 238	7
Q4 2023	30 978	26 652	28 001	8
Q3 2023	21 011	27 591	26 909	7
Q2 2023	24 785	22 474	24 680	7
Q1 2023	45 389	24 741	26 199	7
Q4 2022	24 348	—	22 482	7
Q3 2022	20 630	16 370	17 419	5
Q2 2022	18 729	9 033	9 622	5
Q1 2022	37 854	1 559	—	4

Labour taxes per employee per month

1 707 €

Turnover per employee in the quarter

5 465 €

Q3 2026 · calculated from EMTA data

Financials by year

2018 – 2025

Revenue, € thousand 2025: 538 712 € · +294.4% vs 2024 · industry median 15 630 € · above 90% of the industry

Company
Industry median

Industry: Other manufacturing (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -182 838 € · +48.7% vs 2024 · industry median 82 € · above 2% of the industry

Company
Industry median

Industry: Other manufacturing (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -33.9 % · +227.1 pp vs the year before · industry median 4.9 % · above 10% of the industry

Company
Industry median

Industry: Other manufacturing (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 894 309 € · +12.7% vs 2024

Equity, € thousand 2025: 547 669 € · −28.0% vs 2024

Employees 2025: 6 · +0.0% vs 2024 · industry median 2 · above 80% of the industry

Company
Industry median

Industry: Other manufacturing (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	538 712	-182 838	252 374	894 309	547 669	6
2024	136 583	-356 473	258 106	793 539	760 507	6
2023	137 187	-456 054	255 918	1 152 218	1 117 240	7
2022	95 675	-505 541	163 301	1 627 526	1 573 294	4
2021	165 929	8 089	0	220 188	-75 672	0
2020	86 776	-108 342	0	232 916	-83 761	0
2019	53 339	-68 242	0	227 765	-87 919	0
2018	—	—	—	—	—	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

-33.9 %

Net profit / revenue

Return on equity (ROE)

-33.4 %

Net profit / equity

Return on assets (ROA)

-20.4 %

Net profit / assets

Equity ratio

61.2 %

Equity / assets

Debt ratio

38.8 %

Liabilities / assets

Current ratio

10.09

Current assets / current liabilities

Revenue per employee

89 785 €

Revenue / average full-time employees

Labour cost per employee per month

3 505 €

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	13 Aug 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	5 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	6 Aug 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	19 Jul 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	17 Feb 2022	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	16 Feb 2021	Company’s own	e-Äriregister

Board

Taavi Kikas
Board member · since 10 Aug 2017

Right of representation

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

Owners

Taavi Kikas
Natural person · 3 594 €

25.56%
Usaldusfond Change Ventures Fund II
Legal person · 14802453 · 3 047 €

21.67%
Marek Jõeleht
Natural person · 2 031 €

14.44%
Kati Kask
Natural person · 2 031 €

14.44%
Superhero Venture Fund 2020 Ky
Legal person · 1 094 €

7.78%
Cloud Factory OÜ
Legal person · 14309770 · 898 €

6.39%
OÜ HansaAssets
Legal person · 10978402 · 563 €

4%
Andrei Korobeinik
Natural person · 375 €

2.67%
Erik Karu
Natural person · 352 €

2.50%
Andrius Šlimas
Natural person · 47 €

0.33%
AK Lumo Capital Investments LTD
Legal person · 31 €

0.22%

Owner in

Cloud Factory OÜ
6.39%

Beneficial owners

Taavi Kikas
Direct ownership · since 24 Oct 2018

Founders and other persons

Ben Einborn
Founder · 250 € · 9 Aug 2017
Erik Karu
Founder · 833 € · 9 Aug 2017
Taavi Kikas
Founder · 1 417 € · 9 Aug 2017

shared board members, owners or beneficial owners

Activities (EMTAK)

32121Manufacture of jewellery and related articles Main

Rulings 14

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50062786 / 11 28 Mar 2025	Amendment entry		In force 28 Mar 2025	PDF
Ä 50062786 / M3 18 Mar 2025	Ruling to eliminate deficiencies	2 Apr 2025	Deficiencies eliminated 28 Mar 2025	PDF
Ä 50062786 / 10 15 Sep 2023	Amendment entry		In force 15 Sep 2023	PDF
Ä 50062786 / 9 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 50062786 / 8 12 Apr 2022	Amendment entry		In force 12 Apr 2022	PDF
Ä 50062786 / 7 15 Dec 2021	Amendment entry		In force 15 Dec 2021	PDF
Ä 50062786 / 6 17 Apr 2020	Amendment under Commercial Code § 525 (2)		In force 17 Apr 2020	PDF
Ä 50062786 / M2 3 Sep 2018	Public service of a ruling in Ametlikud Teadaanded		In force 3 Sep 2018	PDF
Ä 50062786 / 5 31 Jul 2018	Entry refused: deficiencies not eliminated		In force 5 Oct 2018	PDF
Ä 50062786 / 4 31 Jul 2018	Amendment entry		In force 31 Jul 2018	PDF
Ä 50062786 / M1 25 Jun 2018	Ruling to eliminate deficiencies	25 Jul 2018	In force 25 Jun 2018	PDF
Ä 50062786 / 3 20 Jan 2018	Amendment entry		In force 20 Jan 2018	PDF
Ä 50062786 / 2 14 Dec 2017	Amendment entry		In force 14 Dec 2017	PDF
Ä 50062786 10 Aug 2017	First entry		In force 10 Aug 2017	PDF

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

Cloud Factory OÜ

Position in the industry Other manufacturing · EMTAK 32

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 14