Puzl Cloud OÜ

Active Registry code 14476114 OÜ Tallinn Registered 24 Apr 2018

Puzl Cloud OÜ is a OÜ based in Tallinn, registry code 14476114, status: active. Main activity: Other telecommunication activities. According to EMTA, turnover for Q3 2026 was €21 300 with 4 employees.

Turnover

21 300 €

↓ 13.5% vs Q2 2026

State taxes

15 854 €

↓ 4.3% vs Q2 2026

Labour taxes

17 338 €

↓ 4.3% vs Q2 2026

Employees

±0 vs Q2 2026

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

Position in the industry Telecommunication · EMTAK 61

Turnover · Q3 2026 21 300 €

above 45% of companies

industry median 27 861 € · companies in the industry: 217
Labour taxes per employee 4 335 €

above 77% of companies

industry median 2 040 € · companies in the industry: 114
Revenue · 2025 6 343 €

above 36% of companies

industry median 24 896 € · companies in the industry: 295
Net profit margin · 2025 5.3 %

above 55% of companies

industry median 4.1 % · companies in the industry: 222

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 21 300 € · −13.5% vs Q2 2026 · industry median 27 861 € · above 45% of the industry

Company
Industry median

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

Labour taxes per employee, € Q3 2026: 4 335 € · −4.3% vs Q2 2026 · industry median 2 040 € · above 77% of the industry

Company
Industry median

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

Employees Q3 2026: 4 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 15 854 € · −4.3% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	21 300	15 854	17 338	4
Q2 2026	24 634	16 575	18 118	4
Q1 2026	23 966	18 017	19 677	4
Q4 2025	20 574	13 692	15 000	4
Q3 2025	22 971	13 618	14 914	3
Q2 2025	27 499	13 470	14 743	3
Q1 2025	12 921	8 697	9 632	3
Q4 2024	97 590	8 135	8 819	2
Q3 2024	1 099	8 135	8 819	2
Q2 2024	25 263	7 593	8 232	2
Q1 2024	25 324	7 321	7 938	2
Q4 2023	5 904	7 321	7 938	2
Q3 2023	1 281	6 525	7 020	2
Q2 2023	1 103	6 135	6 651	2
Q1 2023	1 648	6 002	6 504	2
Q4 2022	9 061	6 008	6 504	2
Q3 2022	4 674	5 616	6 088	2
Q2 2022	37 400	3 713	3 945	2
Q1 2022	16 193	7 188	7 793	2

Labour taxes per employee per month

1 445 €

Turnover per employee in the quarter

5 325 €

Q3 2026 · calculated from EMTA data

Financials by year

2018 – 2025

Revenue, € 2025: 6 343 € · −85.5% vs 2024 · industry median 24 896 € · above 36% of the industry

Company
Industry median

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

Net profit, € thousand 2025: 336 € · +257.4% vs 2024 · industry median 25 € · above 57% of the industry

Company
Industry median

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

Net profit margin, % 2025: 5.3 % · +5.1 pp vs the year before · industry median 4.1 % · above 55% of the industry

Company
Industry median

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

Assets, € thousand 2025: 306 529 € · −4.8% vs 2024

Equity, € thousand 2025: 3 274 € · +11.4% vs 2024

Employees 2025: 3 · +50.0% vs 2024 · industry median 2 · above 65% of the industry

Company
Industry median

Industry: Telecommunication (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	6 343	336	125 270	306 529	3 274	3
2024	43 824	94	83 312	322 068	2 938	2
2023	10 919	136 508	73 666	250 382	2 843	2
2022	13 100	-66 054	63 474	282 445	-136 165	2
2021	17 355	-32 759	19 829	319 347	-70 111	2
2020	5 900	-29 927	1 361	93 831	-37 352	1
2019	0	-1 625	—	60	-7 425	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

5.3 %

Net profit / revenue

Return on equity (ROE)

10.3 %

Net profit / equity

Return on assets (ROA)

0.1 %

Net profit / assets

Equity ratio

1.1 %

Equity / assets

Debt ratio

98.9 %

Liabilities / assets

Current ratio

0.03

Current assets / current liabilities

Revenue per employee

2 114 €

Revenue / average full-time employees

Labour cost per employee per month

3 480 €

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	13 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	14 Apr 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	14 Jun 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 May 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	14 Jun 2022	Company’s own	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	4 May 2021	Company’s own	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	26 Feb 2020	Company’s own	e-Äriregister

Board

Nikita Paushkin
Board member · since 12 Nov 2018
Ekaterina Marova
Board member · since 4 Feb 2022

Right of representation

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

Owners

Nikita Paushkin
Natural person · 2 475 €

99%
Ekaterina Marova
Natural person · 25 €

1%

Beneficial owners

Ekaterina Marova
Direct ownership · since 4 Sep 2021
Nikita Paushkin
Direct ownership · MLT · since 25 Jan 2020

Founders and other persons

Dmitrii Stepanov
Founder · 25 € · 18 Apr 2018
Ekaterina Marova
Founder · 25 € · 18 Apr 2018
NIKITA PAUSHKIN
Founder · 2 450 € · 11 Nov 2018

Activities (EMTAK)

61901Other telecommunication activities Main

Rulings 14

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50092860 / 11 29 Apr 2025	Amendment entry		In force 29 Apr 2025	PDF
Ä 50092860 / M3 17 Apr 2025	Ruling to eliminate deficiencies	6 May 2025	Deficiencies eliminated 29 Apr 2025	PDF
Ä 50092860 / 10 29 Dec 2023	Amendment entry		In force 29 Dec 2023	PDF
Ä 50092860 / M2 27 Dec 2023	Ruling to eliminate deficiencies	12 Jan 2024	Deficiencies eliminated 29 Dec 2023	PDF
Ä 50092860 / 9 1 Sep 2023	Amendment entry		In force 1 Sep 2023	PDF
Ä 50092860 / 8 11 May 2023	Amendment under Code of Civil Procedure § 595¹ (1)		In force 11 May 2023	PDF
Ä 50092860 / 7 3 May 2023	Amendment entry		In force 3 May 2023	PDF
Ä 50092860 / 6 4 Feb 2022	Amendment entry		In force 4 Feb 2022	PDF
Ä 50092860 / 5 26 Aug 2021	Amendment under Commercial Code § 525 (2)		In force 26 Aug 2021	PDF
Ä 50092860 / M1 25 Feb 2020	Ruling to eliminate deficiencies in the annual report	26 Mar 2020	Deficiencies eliminated 26 Feb 2020	PDF
Ä 50092860 / 4 24 Jan 2020	Amendment entry		In force 24 Jan 2020	PDF
Ä 50092860 / 3 12 Nov 2018	Amendment entry		In force 12 Nov 2018	PDF
Ä 50092860 / 2 30 May 2018	Amendment entry		In force 30 May 2018	PDF
Ä 50092860 24 Apr 2018	First entry		In force 24 Apr 2018	PDF

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