Recode OÜ

Active Registry code 14357266 OÜ Tallinn Registered 23 Oct 2017
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Recode OÜ is a OÜ based in Tallinn, registry code 14357266, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €154 530 with employees.

Turnover
154 530 €
↓ 19.3% vs Q2 2026
State taxes
494 €
↓ 51.9% vs Q2 2026
Labour taxes
24 €
↓ 56.4% vs Q2 2026
Employees
—

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 154 530 €
    industry median 19 089 € · companies in the industry: 7 346
  • Revenue · 2025 818 413 €
    industry median 14 290 € · companies in the industry: 13 346
  • Net profit margin · 2025 1.1 %
    industry median 15.1 % · companies in the industry: 8 946

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 154 530 € · −19.3% vs Q2 2026 · industry median 19 089 € · above 86% of the industry
0100200300400Q4 2023 Company: 184 207 € Industry median: 20 650 €Q4·23Q1 2024 Company: 95 980 € Industry median: 20 661 €Q2 2024 Company: 264 629 € Industry median: 20 457 €Q2·24Q3 2024 Company: 246 552 € Industry median: 19 800 €Q4 2024 Company: 159 529 € Industry median: 20 474 €Q4·24Q1 2025 Company: 138 895 € Industry median: 20 692 €Q2 2025 Company: 158 740 € Industry median: 21 050 €Q2·25Q3 2025 Company: 170 563 € Industry median: 20 327 €Q4 2025 Company: 349 547 € Industry median: 21 190 €Q4·25Q1 2026 Company: 168 823 € Industry median: 20 657 €Q2 2026 Company: 191 545 € Industry median: 20 000 €Q2·26Q3 2026 Company: 154 530 € Industry median: 19 089 €Q3·260100200300400Q4 2024 Company: 159 529 € Industry median: 20 474 €Q1 2025 Company: 138 895 € Industry median: 20 692 €Q1·25Q2 2025 Company: 158 740 € Industry median: 21 050 €Q3 2025 Company: 170 563 € Industry median: 20 327 €Q3·25Q4 2025 Company: 349 547 € Industry median: 21 190 €Q1 2026 Company: 168 823 € Industry median: 20 657 €Q1·26Q2 2026 Company: 191 545 € Industry median: 20 000 €Q3 2026 Company: 154 530 € 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.

State taxes, € Q3 2026: 494 € · −51.9% vs Q2 2026
02505007501 0001 250Q4 2023 Company: 84 €Q4·23Q1 2024 Company: 227 €Q2 2024 Company: 296 €Q2·24Q3 2024 Company: 512 €Q4 2024 Company: 616 €Q4·24Q1 2025 Company: 744 €Q2 2025 Company: 426 €Q2·25Q3 2025 Company: 840 €Q4 2025 Company: 786 €Q4·25Q1 2026 Company: 879 €Q2 2026 Company: 1 027 €Q2·26Q3 2026 Company: 494 €Q3·2602505007501 0001 250Q4 2024 Company: 616 €Q1 2025 Company: 744 €Q1·25Q2 2025 Company: 426 €Q3 2025 Company: 840 €Q3·25Q4 2025 Company: 786 €Q1 2026 Company: 879 €Q1·26Q2 2026 Company: 1 027 €Q3 2026 Company: 494 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 154 530 494 24 —
Q2 2026 191 545 1 027 55 —
Q1 2026 168 823 879 — —
Q4 2025 349 547 786 — —
Q3 2025 170 563 840 14 —
Q2 2025 158 740 426 — —
Q1 2025 138 895 744 — —
Q4 2024 159 529 616 — —
Q3 2024 246 552 512 — —
Q2 2024 264 629 296 — —
Q1 2024 95 980 227 — —
Q4 2023 184 207 84 — —
Q3 2023 87 410 40 — —
Q2 2023 142 600 123 — —
Q1 2023 216 120 18 — —
Q4 2022 184 459 — — —
Q3 2022 113 439 — — —
Q2 2022 115 425 — — —
Q1 2022 131 508 — — —

Financials by year

2018 – 2025
Revenue, € thousand 2025: 818 413 € · +20.4% vs 2024 · industry median 14 290 € · above 98% of the industry
02004006008001 0002018 Company: — Industry median: —20182019 Company: 38 318 € Industry median: 11 139 €20192020 Company: 50 954 € Industry median: 11 076 €20202021 Company: 239 281 € Industry median: 13 113 €20212022 Company: 511 198 € Industry median: 15 000 €20222023 Company: 549 341 € Industry median: 15 493 €20232024 Company: 679 588 € Industry median: 13 755 €20242025 Company: 818 413 € Industry median: 14 290 €202502004006008001 0002018 Company: — Industry median: —2019 Company: 38 318 € Industry median: 11 139 €20192020 Company: 50 954 € Industry median: 11 076 €2021 Company: 239 281 € Industry median: 13 113 €20212022 Company: 511 198 € Industry median: 15 000 €2023 Company: 549 341 € Industry median: 15 493 €20232024 Company: 679 588 € Industry median: 13 755 €2025 Company: 818 413 € 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: 8 742 € · −83.5% vs 2024 · industry median 105 € · above 71% of the industry
-2502550751001252018 Company: — Industry median: —20182019 Company: -325 € Industry median: 618 €20192020 Company: -1 400 € Industry median: 618 €20202021 Company: 66 918 € Industry median: 827 €20212022 Company: 117 235 € Industry median: 297 €20222023 Company: 16 494 € Industry median: 383 €20232024 Company: 53 005 € Industry median: 248 €20242025 Company: 8 742 € Industry median: 105 €2025-2502550751001252018 Company: — Industry median: —2019 Company: -325 € Industry median: 618 €20192020 Company: -1 400 € Industry median: 618 €2021 Company: 66 918 € Industry median: 827 €20212022 Company: 117 235 € Industry median: 297 €2023 Company: 16 494 € Industry median: 383 €20232024 Company: 53 005 € Industry median: 248 €2025 Company: 8 742 € 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: 1.1 % · −6.7 pp vs the year before · industry median 15.1 % · above 31% of the industry
-1001020302018 Company: — Industry median: —20182019 Company: -0.8 % Industry median: 21.0 %20192020 Company: -2.7 % Industry median: 22.4 %20202021 Company: 28.0 % Industry median: 23.6 %20212022 Company: 22.9 % Industry median: 19.1 %20222023 Company: 3.0 % Industry median: 17.7 %20232024 Company: 7.8 % Industry median: 16.2 %20242025 Company: 1.1 % Industry median: 15.1 %2025-1001020302018 Company: — Industry median: —2019 Company: -0.8 % Industry median: 21.0 %20192020 Company: -2.7 % Industry median: 22.4 %2021 Company: 28.0 % Industry median: 23.6 %20212022 Company: 22.9 % Industry median: 19.1 %2023 Company: 3.0 % Industry median: 17.7 %20232024 Company: 7.8 % Industry median: 16.2 %2025 Company: 1.1 % 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: 301 651 € · +6.5% vs 2024
01002003004002018 Company: —20182019 Company: 11 269 €20192020 Company: 7 999 €20202021 Company: 79 212 €20212022 Company: 215 128 €20222023 Company: 219 954 €20232024 Company: 283 329 €20242025 Company: 301 651 €202501002003004002018 Company: —2019 Company: 11 269 €20192020 Company: 7 999 €2021 Company: 79 212 €20212022 Company: 215 128 €2023 Company: 219 954 €20232024 Company: 283 329 €2025 Company: 301 651 €2025
Equity, € thousand 2025: 267 763 € · +3.4% vs 2024
01002003002018 Company: —20182019 Company: 9 269 €20192020 Company: 7 869 €20202021 Company: 72 287 €20212022 Company: 189 522 €20222023 Company: 206 016 €20232024 Company: 259 021 €20242025 Company: 267 763 €202501002003002018 Company: —2019 Company: 9 269 €20192020 Company: 7 869 €2021 Company: 72 287 €20212022 Company: 189 522 €2023 Company: 206 016 €20232024 Company: 259 021 €2025 Company: 267 763 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02018 Company: 0 Industry median: 120182019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02018 Company: 0 Industry median: 12019 Company: 0 Industry median: 120192020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 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 818 413 8 742 54 301 651 267 763 0
2024 679 588 53 005 0 283 329 259 021 0
2023 549 341 16 494 0 219 954 206 016 0
2022 511 198 117 235 0 215 128 189 522 0
2021 239 281 66 918 0 79 212 72 287 0
2020 50 954 -1 400 0 7 999 7 869 0
2019 38 318 -325 128 11 269 9 269 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
1.1 %
Net profit / revenue
Return on equity (ROE)
3.3 %
Net profit / equity
Return on assets (ROA)
2.9 %
Net profit / assets
Equity ratio
88.8 %
Equity / assets
Debt ratio
11.2 %
Liabilities / assets
Current ratio
8.90
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 19 May 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 5 Jul 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 3 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 27 Jun 2023 Company’s own e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 11 May 2022 Company’s own e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 8 Oct 2021 Company’s own e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 29 Oct 2020 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

  • Nenad Vulic
    Direct ownership · FRA · since 11 Oct 2018

Founders and other persons

Activities (EMTAK)

  • 62101Computer programming activities Main

Rulings 6

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50068103 / 6
1 Sep 2023
 Amendment entry In force
1 Sep 2023
 PDF
Ä 50068103 / 5
11 May 2022
 Amendment entry In force
11 May 2022
 PDF
Ä 50068103 / 4
26 Jun 2019
 Amendment entry In force
26 Jun 2019
 PDF
Ä 50068103 / 3
20 Jan 2018
 Amendment entry In force
20 Jan 2018
 PDF
Ä 50068103 / 2
14 Dec 2017
 Amendment entry In force
14 Dec 2017
 PDF
Ä 50068103
23 Oct 2017
 First entry In force
23 Oct 2017
 PDF

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