Binalyze OÜ

Active Registry code 14434021 OÜ Tallinn Registered 21 Feb 2018

Binalyze OÜ is a OÜ based in Tallinn, registry code 14434021, status: active. Main activity: Other software publishing. According to EMTA, turnover for Q3 2026 was €2 580 669 with 3 employees.

Turnover

2 580 669 €

↑ 14.1% vs Q2 2026

State taxes

56 069 €

↑ 102.0% vs Q2 2026

Labour taxes

51 829 €

↑ 64.1% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Publishing activities · EMTAK 58

Turnover · Q3 2026 2.6 mn €

above 98% of companies

industry median 9 319 € · companies in the industry: 766
Labour taxes per employee 17 276 €

above 98% of companies

industry median 2 036 € · companies in the industry: 224
Revenue · 2025 5.1 mn €

above 98% of companies

industry median 5 175 € · companies in the industry: 1 328
Net profit margin · 2025 -157.1 %

above 2% of companies

industry median 4.4 % · companies in the industry: 825

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 2 580 669 € · +14.1% vs Q2 2026 · industry median 9 319 € · above 98% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 17 276 € · +64.1% vs Q2 2026 · industry median 2 036 € · above 98% of the industry

Company
Industry median

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

Employees Q3 2026: 3 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 56 069 € · +102.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	2 580 669	56 069	51 829	3
Q2 2026	2 261 555	27 762	31 579	3
Q1 2026	3 155 192	74 065	59 523	2
Q4 2025	2 563 065	42 933	40 243	2
Q3 2025	494 677	34 787	33 071	2
Q2 2025	1 179 597	40 594	38 055	2
Q1 2025	1 320 324	49 910	47 767	2
Q4 2024	564 501	29 297	28 124	2
Q3 2024	2 045 506	37 989	38 814	2
Q2 2024	1 352 524	52 432	50 108	3
Q1 2024	2 229 931	68 430	59 717	4
Q4 2023	2 389 560	70 013	60 061	4
Q3 2023	2 110 793	63 982	65 088	4
Q2 2023	2 436 252	65 519	66 665	4
Q1 2023	3 102 732	47 269	48 544	4
Q4 2022	2 351 350	43 355	42 547	3
Q3 2022	2 305 344	36 389	39 020	3
Q2 2022	1 494 325	26 541	28 555	2
Q1 2022	1 536 156	12 935	12 127	2

Labour taxes per employee per month

5 759 €

Turnover per employee in the quarter

860 223 €

Q3 2026 · calculated from EMTA data

Financials by year

2018 – 2025

Revenue, € thousand 2025: 5 115 018 € · +80.9% vs 2024 · industry median 5 175 € · above 98% of the industry

Company
Industry median

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

Net profit, € thousand 2025: -8 034 066 € · −17.3% vs 2024 · industry median 0 € · above 2% of the industry

Company
Industry median

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

Net profit margin, % 2025: -157.1 % · +85.2 pp vs the year before · industry median 4.4 % · above 2% of the industry

Company
Industry median

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

Assets, € thousand 2025: 18 055 929 € · +151.2% vs 2024

Equity, € thousand 2025: 10 502 898 € · +185.7% vs 2024

Employees 2025: 12 · +9.1% vs 2024 · industry median 1 · above 93% of the industry

Company
Industry median

Industry: Publishing 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	5 115 018	-8 034 066	1 910 687	18 055 929	10 502 898	12
2024	2 827 826	-6 850 275	1 037 248	7 187 792	3 676 394	11
2023	1 502 182	-9 799 778	1 085 840	12 417 446	10 524 259	4
2022	701 173	-6 428 913	311 792	3 863 689	2 825 587	3
2021	159 426	-1 360 277	114 649	4 193 373	3 890 872	1
2020	112 828	-64 090	55 667	1 540 059	1 523 888	1
2019	123 886	60 244	23 171	97 781	88 002	1
2018	—	—	—	—	—	1

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

-157.1 %

Net profit / revenue

Return on equity (ROE)

-76.5 %

Net profit / equity

Return on assets (ROA)

-44.5 %

Net profit / assets

Equity ratio

58.2 %

Equity / assets

Debt ratio

41.8 %

Liabilities / assets

Current ratio

2.38

Current assets / current liabilities

Revenue per employee

426 252 €

Revenue / average full-time employees

Labour cost per employee per month

13 269 €

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	28 Aug 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	19 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	5 Jun 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	23 Aug 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	26 Feb 2023	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	5 Apr 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	28 Apr 2020	Company’s own	e-Äriregister

Board

Emre Tinaztepe
Board member · since 21 Feb 2018

Right of representation

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

Owners

TINAZTEPE OÜ
Legal person · 16725254 · 11 128 €

30.67%
Digital East Fund II SCSp
Legal person · 7 383 €

20.35%
OpenOcean Fund 2020 Ky
Legal person · 5 119 €

14.11%
MNL (Molten) Nominees Limited
Legal person · 2 390 €

6.59%
Euroopa Rekonstruktsiooni- ja Arengupank
Legal person · 2 189 €

6.03%
Citi Ventures, Inc.
Legal person · 1 398 €

3.85%
Deutsche Bank Aktiengesellschaft
Legal person · 1 398 €

3.85%
MOLTEN VENTURES VCT PLC
Legal person · 1 297 €

3.58%
Cisco Investments B.V.
Legal person · 873 €

2.41%
Pragma Finansal Danismanlik Hizmetleri Ticaret AS
Legal person · 541 €

1.49%
Esprit Nominees Limited
Legal person · 478 €

1.32%
Günce Ali Bektas
Natural person · 399 €

1.10%
Sükrü Durmaz
Natural person · 399 €

1.10%
Olcsan Savunma Teknoloji AS
Legal person · 271 €

0.75%
Klaus Peter Finke Härkönen
Natural person · 200 €

0.55%
Yalkin Demirkaya
Natural person · 133 €

0.37%
Erdal Ozkaya
Natural person · 133 €

0.37%
Ozan Uçar
Natural person · 133 €

0.37%
Aytek Yüksel
Natural person · 133 €

0.37%
Deepayan Chanda
Natural person · 107 €

0.29%
Merike Maimu Käo
Natural person · 80 €

0.22%
Tom Blumenthal
Natural person · 54 €

0.15%
Erhan Turhan
Natural person · 17 €

0.05%
Erdinc Odabas
Natural person · 13 €

0.04%
Selen Sönmez-Kärdla
Natural person · 9 €

0.02%
Mehmet Ergene
Natural person · 7 €

0.02%

Beneficial owners

Emre Tinaztepe
Indirect ownership · since 24 May 2023

Founders and other persons

Emre Tinaztepe
Founder · 2 500 € · 21 Feb 2018
Brian Dennis Owen
Chairman of the supervisory board · 18 Sep 2025
Baturay Kaya
Supervisory board member · 31 Mar 2025
Stuart Chapman
Supervisory board member · 31 Mar 2025
Patrik Backman
Supervisory board member · 16 Apr 2025
Murat Aksoy
Supervisory board member · 24 Aug 2026
Raif Sarica
Supervisory board member · 24 Aug 2026
Sükrü Durmaz
Supervisory board member · 24 Aug 2026

shared board members, owners or beneficial owners

Activities (EMTAK)

58291Other software publishing Main

Rulings 23

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50088281 / 20 10 Oct 2025	Amendment entry		In force 10 Oct 2025	PDF
Ä 50088281 / 19 11 Aug 2025	Amendment entry		In force 11 Aug 2025	PDF
Ä 50088281 / 18 30 Jun 2025	Amendment entry		In force 30 Jun 2025	PDF
Ä 50088281 / 17 2 Jun 2025	Amendment entry		In force 2 Jun 2025	PDF
Ä 50088281 / 16 21 Apr 2025	Amendment entry		In force 21 Apr 2025	PDF
Ä 50088281 / 15 8 May 2024	Amendment entry		In force 8 May 2024	PDF
Ä 50088281 / 14 25 Jan 2024	Amendment entry		In force 25 Jan 2024	PDF
Ä 50088281 / 13 26 Sep 2023	Amendment entry		In force 26 Sep 2023	PDF
Ä 50088281 / M3 20 Sep 2023	Ruling to eliminate deficiencies	20 Oct 2023	Deficiencies eliminated 25 Sep 2023	PDF
Ä 50088281 / 12 18 Aug 2023	Amendment entry		In force 18 Aug 2023	PDF
Ä 50088281 / 11 19 Jul 2023	Amendment entry		In force 19 Jul 2023	PDF
Ä 50088281 / 10 19 Jan 2022	Amendment entry		In force 19 Jan 2022	PDF
Ä 50088281 / M2 18 Jan 2022	Ruling to eliminate deficiencies	17 Feb 2022	Deficiencies eliminated 19 Jan 2022	PDF
Ä 50088281 / 9 21 Jan 2021	Amendment entry		In force 21 Jan 2021	PDF
Ä 50088281 / 8 18 Jan 2021	Entry refused		In force 3 Feb 2021	PDF
Ä 50088281 / 7 18 Jan 2021	Amendment entry		In force 18 Jan 2021	PDF
Ä 50088281 / 6 13 Jan 2021	Amendment entry		In force 13 Jan 2021	PDF
Ä 50088281 / 5 5 Jan 2021	Entry refused		In force 20 Jan 2021	PDF
Ä 50088281 / 4 30 Dec 2020	Amendment entry		In force 30 Dec 2020	PDF
Ä 50088281 / M1 23 Dec 2020	Ruling to eliminate deficiencies	22 Jan 2021	Deficiencies eliminated 30 Dec 2020	PDF
Ä 50088281 / 3 15 Dec 2020	Amendment entry		In force 15 Dec 2020	PDF
Ä 50088281 / 2 24 May 2019	Amendment entry		In force 24 May 2019	PDF
Ä 50088281 21 Feb 2018	First entry		In force 21 Feb 2018	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Binalyze OÜ

Position in the industry Publishing activities · EMTAK 58

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 23