Breakwater Technology OÜ

Active Registry code 14612770 OÜ Tallinn Registered 23 Nov 2018
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Breakwater Technology OÜ is a OÜ based in Tallinn, registry code 14612770, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €8 605 238 with 103 employees.

Turnover
8 605 238 €
↓ 7.4% vs Q2 2026
State taxes
1 020 598 €
↑ 0.6% vs Q2 2026
Labour taxes
1 086 404 €
↓ 1.1% vs Q2 2026
Employees
103
−1 vs 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 2026 8.6 mn €
    industry median 19 078 € · companies in the industry: 7 345
  • Labour taxes per employee 10 548 €
    industry median 2 345 € · companies in the industry: 2 783
  • Revenue · 2025 31 mn €
    industry median 14 309 € · companies in the industry: 13 336
  • Net profit margin · 2025 45.9 %
    industry median 15.1 % · companies in the industry: 8 943

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 8 605 238 € · −7.4% vs Q2 2026 · industry median 19 078 € · above 98% of the industry
02 0004 0006 0008 00010 000Q4 2023 Company: 7 104 758 € Industry median: 20 666 €Q4·23Q1 2024 Company: 7 285 257 € Industry median: 20 684 €Q2 2024 Company: 7 988 568 € Industry median: 20 460 €Q2·24Q3 2024 Company: 7 821 156 € Industry median: 19 818 €Q4 2024 Company: 8 997 165 € Industry median: 20 482 €Q4·24Q1 2025 Company: 8 751 533 € Industry median: 20 692 €Q2 2025 Company: 8 928 971 € Industry median: 21 060 €Q2·25Q3 2025 Company: 8 691 909 € Industry median: 20 327 €Q4 2025 Company: 9 560 163 € Industry median: 21 191 €Q4·25Q1 2026 Company: 8 490 364 € Industry median: 20 665 €Q2 2026 Company: 9 292 566 € Industry median: 20 000 €Q2·26Q3 2026 Company: 8 605 238 € Industry median: 19 078 €Q3·2602 0004 0006 0008 00010 000Q4 2024 Company: 8 997 165 € Industry median: 20 482 €Q1 2025 Company: 8 751 533 € Industry median: 20 692 €Q1·25Q2 2025 Company: 8 928 971 € Industry median: 21 060 €Q3 2025 Company: 8 691 909 € Industry median: 20 327 €Q3·25Q4 2025 Company: 9 560 163 € Industry median: 21 191 €Q1 2026 Company: 8 490 364 € Industry median: 20 665 €Q1·26Q2 2026 Company: 9 292 566 € Industry median: 20 000 €Q3 2026 Company: 8 605 238 € Industry median: 19 078 €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.

Labour taxes per employee, € Q3 2026: 10 548 € · −0.1% vs Q2 2026 · industry median 2 345 € · above 98% of the industry
05 00010 00015 000Q4 2023 Company: 9 792 € Industry median: 2 319 €Q4·23Q1 2024 Company: 11 776 € Industry median: 2 529 €Q2 2024 Company: 10 336 € Industry median: 2 514 €Q2·24Q3 2024 Company: 9 889 € Industry median: 2 481 €Q4 2024 Company: 9 525 € Industry median: 2 431 €Q4·24Q1 2025 Company: 12 679 € Industry median: 2 523 €Q2 2025 Company: 10 733 € Industry median: 2 506 €Q2·25Q3 2025 Company: 11 107 € Industry median: 2 577 €Q4 2025 Company: 10 904 € Industry median: 2 632 €Q4·25Q1 2026 Company: 13 125 € Industry median: 2 408 €Q2 2026 Company: 10 561 € Industry median: 2 335 €Q2·26Q3 2026 Company: 10 548 € Industry median: 2 345 €Q3·2605 00010 00015 000Q4 2024 Company: 9 525 € Industry median: 2 431 €Q1 2025 Company: 12 679 € Industry median: 2 523 €Q1·25Q2 2025 Company: 10 733 € Industry median: 2 506 €Q3 2025 Company: 11 107 € Industry median: 2 577 €Q3·25Q4 2025 Company: 10 904 € Industry median: 2 632 €Q1 2026 Company: 13 125 € Industry median: 2 408 €Q1·26Q2 2026 Company: 10 561 € Industry median: 2 335 €Q3 2026 Company: 10 548 € Industry median: 2 345 €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.

Employees Q3 2026: 103 · −1.0% vs Q2 2026
0255075100125Q4 2023 Company: 96Q4·23Q1 2024 Company: 94Q2 2024 Company: 96Q2·24Q3 2024 Company: 98Q4 2024 Company: 105Q4·24Q1 2025 Company: 104Q2 2025 Company: 104Q2·25Q3 2025 Company: 104Q4 2025 Company: 105Q4·25Q1 2026 Company: 105Q2 2026 Company: 104Q2·26Q3 2026 Company: 103Q3·260255075100125Q4 2024 Company: 105Q1 2025 Company: 104Q1·25Q2 2025 Company: 104Q3 2025 Company: 104Q3·25Q4 2025 Company: 105Q1 2026 Company: 105Q1·26Q2 2026 Company: 104Q3 2026 Company: 103Q3·26
State taxes, € thousand Q3 2026: 1 020 598 € · +0.6% vs Q2 2026
01 0002 0003 0004 000Q4 2023 Company: 1 885 333 €Q4·23Q1 2024 Company: 1 055 150 €Q2 2024 Company: 934 803 €Q2·24Q3 2024 Company: 2 484 856 €Q4 2024 Company: 1 951 236 €Q4·24Q1 2025 Company: 1 238 332 €Q2 2025 Company: 1 040 457 €Q2·25Q3 2025 Company: 2 189 540 €Q4 2025 Company: 3 133 398 €Q4·25Q1 2026 Company: 1 288 734 €Q2 2026 Company: 1 014 554 €Q2·26Q3 2026 Company: 1 020 598 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 1 951 236 €Q1 2025 Company: 1 238 332 €Q1·25Q2 2025 Company: 1 040 457 €Q3 2025 Company: 2 189 540 €Q3·25Q4 2025 Company: 3 133 398 €Q1 2026 Company: 1 288 734 €Q1·26Q2 2026 Company: 1 014 554 €Q3 2026 Company: 1 020 598 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 8 605 238 1 020 598 1 086 404 103
Q2 2026 9 292 566 1 014 554 1 098 334 104
Q1 2026 8 490 364 1 288 734 1 378 169 105
Q4 2025 9 560 163 3 133 398 1 144 871 105
Q3 2025 8 691 909 2 189 540 1 155 081 104
Q2 2025 8 928 971 1 040 457 1 116 186 104
Q1 2025 8 751 533 1 238 332 1 318 659 104
Q4 2024 8 997 165 1 951 236 1 000 166 105
Q3 2024 7 821 156 2 484 856 969 126 98
Q2 2024 7 988 568 934 803 992 286 96
Q1 2024 7 285 257 1 055 150 1 106 926 94
Q4 2023 7 104 758 1 885 333 939 996 96
Q3 2023 6 561 657 1 767 717 1 028 192 92
Q2 2023 6 873 393 885 297 939 699 91
Q1 2023 5 014 841 1 049 146 839 432 93
Q4 2022 4 531 122 1 173 788 711 196 83
Q3 2022 3 861 734 1 046 474 640 267 71
Q2 2022 4 079 436 608 153 643 138 65
Q1 2022 3 267 570 589 756 609 771 67
Labour taxes per employee per month
3 516 €
Turnover per employee in the quarter
83 546 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2026
Revenue, € thousand 2025: 31 044 713 € · +18.5% vs 2024 · industry median 14 309 € · above 98% of the industry
010 00020 00030 00040 0002020 Company: 4 740 000 € Industry median: 11 075 €20202021 Company: 7 106 142 € Industry median: 13 105 €20212022 Company: 13 559 507 € Industry median: 15 007 €20222023 Company: 17 946 713 € Industry median: 15 500 €20232024 Company: 26 201 074 € Industry median: 13 785 €20242025 Company: 31 044 713 € Industry median: 14 309 €20252026 Company: — Industry median: 5 763 €2026010 00020 00030 00040 0002020 Company: 4 740 000 € Industry median: 11 075 €20202021 Company: 7 106 142 € Industry median: 13 105 €2022 Company: 13 559 507 € Industry median: 15 007 €20222023 Company: 17 946 713 € Industry median: 15 500 €2024 Company: 26 201 074 € Industry median: 13 785 €20242025 Company: 31 044 713 € Industry median: 14 309 €2026 Company: — Industry median: 5 763 €2026
  • 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: 14 263 054 € · +21.2% vs 2024 · industry median 106 € · above 98% of the industry
05 00010 00015 0002020 Company: 400 461 € Industry median: 617 €20202021 Company: 2 274 827 € Industry median: 829 €20212022 Company: 5 862 599 € Industry median: 300 €20222023 Company: 6 913 080 € Industry median: 383 €20232024 Company: 11 772 536 € Industry median: 249 €20242025 Company: 14 263 054 € Industry median: 106 €20252026 Company: — Industry median: 0 €202605 00010 00015 0002020 Company: 400 461 € Industry median: 617 €20202021 Company: 2 274 827 € Industry median: 829 €2022 Company: 5 862 599 € Industry median: 300 €20222023 Company: 6 913 080 € Industry median: 383 €2024 Company: 11 772 536 € Industry median: 249 €20242025 Company: 14 263 054 € Industry median: 106 €2026 Company: — Industry median: 0 €2026
  • 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: 45.9 % · +1.0 pp vs the year before · industry median 15.1 % · above 72% of the industry
010203040502020 Company: 8.4 % Industry median: 22.4 %20202021 Company: 32.0 % Industry median: 23.6 %20212022 Company: 43.2 % Industry median: 19.1 %20222023 Company: 38.5 % Industry median: 17.8 %20232024 Company: 44.9 % Industry median: 16.3 %20242025 Company: 45.9 % Industry median: 15.1 %20252026 Company: — Industry median: 11.5 %2026010203040502020 Company: 8.4 % Industry median: 22.4 %20202021 Company: 32.0 % Industry median: 23.6 %2022 Company: 43.2 % Industry median: 19.1 %20222023 Company: 38.5 % Industry median: 17.8 %2024 Company: 44.9 % Industry median: 16.3 %20242025 Company: 45.9 % Industry median: 15.1 %2026 Company: — Industry median: 11.5 %2026
  • 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: 15 208 713 € · +16.9% vs 2024
05 00010 00015 00020 0002020 Company: 588 897 €20202021 Company: 3 052 958 €20212022 Company: 6 895 331 €20222023 Company: 9 072 875 €20232024 Company: 13 013 887 €20242025 Company: 15 208 713 €20252026 Company: —202605 00010 00015 00020 0002020 Company: 588 897 €20202021 Company: 3 052 958 €2022 Company: 6 895 331 €20222023 Company: 9 072 875 €2024 Company: 13 013 887 €20242025 Company: 15 208 713 €2026 Company: —2026
Equity, € thousand 2025: 14 348 827 € · +18.7% vs 2024
05 00010 00015 0002020 Company: 402 961 €20202021 Company: 2 677 788 €20212022 Company: 6 400 157 €20222023 Company: 8 313 237 €20232024 Company: 12 085 773 €20242025 Company: 14 348 827 €20252026 Company: —202605 00010 00015 0002020 Company: 402 961 €20202021 Company: 2 677 788 €2022 Company: 6 400 157 €20222023 Company: 8 313 237 €2024 Company: 12 085 773 €20242025 Company: 14 348 827 €2026 Company: —2026
Employees 2026: 104 · +2.0% vs 2025 · industry median 1 · above 98% of the industry
02550751001252020 Company: 24 Industry median: 120202021 Company: 46 Industry median: 120212022 Company: 55 Industry median: 120222023 Company: 73 Industry median: 120232024 Company: 101 Industry median: 120242025 Company: 102 Industry median: 120252026 Company: 104 Industry median: 1202602550751001252020 Company: 24 Industry median: 120202021 Company: 46 Industry median: 12022 Company: 55 Industry median: 120222023 Company: 73 Industry median: 12024 Company: 101 Industry median: 120242025 Company: 102 Industry median: 12026 Company: 104 Industry median: 12026
  • 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
2026 — — — — — 104
2025 31 044 713 14 263 054 9 986 467 15 208 713 14 348 827 102
2024 26 201 074 11 772 536 9 380 772 13 013 887 12 085 773 101
2023 17 946 713 6 913 080 7 135 870 9 072 875 8 313 237 73
2022 13 559 507 5 862 599 5 229 578 6 895 331 6 400 157 55
2021 7 106 142 2 274 827 3 955 808 3 052 958 2 677 788 46
2020 4 740 000 400 461 2 769 266 588 897 402 961 24

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
45.9 %
Net profit / revenue
Return on equity (ROE)
99.4 %
Net profit / equity
Return on assets (ROA)
93.8 %
Net profit / assets
Equity ratio
94.3 %
Equity / assets
Debt ratio
5.7 %
Liabilities / assets
Current ratio
17.43
Current assets / current liabilities
Revenue per employee
304 360 €
Revenue / average full-time employees
Labour cost per employee per month
8 159 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2024 1 May 2024 – 30 Apr 2025 30 Jun 2025 Company’s own · audited e-Äriregister
2023 1 May 2023 – 30 Apr 2024 10 Jul 2024 Company’s own · audited e-Äriregister
2022 1 May 2022 – 30 Apr 2023 11 Jul 2023 Company’s own · audited e-Äriregister
2021 1 May 2021 – 30 Apr 2022 6 Jul 2022 Company’s own · audited e-Äriregister
2020 1 May 2020 – 30 Apr 2021 5 Oct 2021 Company’s own · audited e-Äriregister
2019 23 Nov 2018 – 30 Apr 2020 31 Oct 2020 Company’s own · audited e-Äriregister

Board

Right of representation

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

Any procurator may represent the private limited company in all legal acts related to its business. A procurator may transfer or encumber immovable property only if that right is entered on the registry card.

Owners

  • Dynamic Projects Sweden AB
    Legal person · 2 500 €

Beneficial owners

  • Ali Cicek
    Indirect ownership · SWE · since 17 Apr 2019

Founders and other persons

  • Maris Alt
    Founder · 2 500 € · 22 Nov 2018
shared board members, owners or beneficial owners

Activities (EMTAK)

  • 62101Computer programming activities Main
  • 47401Retail sale of computers, peripheral units and software
Rulings
Number, date Title Deadline State Document
Ä 50107623 / 10
14 Feb 2025
Amendment entry In force
14 Feb 2025
PDF
Ä 50107623 / M5
12 Feb 2025
Ruling to eliminate deficiencies Deficiencies eliminated
14 Feb 2025
PDF
Ä 50107623 / M4
10 Feb 2025
Ruling to eliminate deficiencies 14 Mar 2025 Deficiencies eliminated
14 Feb 2025
PDF
Ä 50107623 / M3
31 Jan 2025
Ruling to eliminate deficiencies 12 Mar 2025 Deficiencies eliminated
14 Feb 2025
PDF
Ä 50107623 / 9
2 Sep 2023
Amendment entry In force
2 Sep 2023
PDF
Ä 50107623 / 8
30 Jan 2023
Amendment under Commercial Code § 525 (2) In force
30 Jan 2023
PDF
Ä 50107623 / 7
23 Jan 2023
Entry refused: deficiencies not eliminated In force
14 Feb 2023
PDF
Ä 50107623 / M2
10 Jan 2023
Ruling to eliminate deficiencies 20 Jan 2023 In force
10 Jan 2023
PDF
Ä 50107623 / 6
6 Jul 2022
Amendment entry In force
6 Jul 2022
PDF
Ä 50107623 / 5
10 Jun 2021
Amendment entry In force
10 Jun 2021
PDF
Ä 50107623 / 4
18 May 2020
Amendment entry In force
18 May 2020
PDF
Ä 50107623 / 3
5 Dec 2018
Amendment entry In force
5 Dec 2018
PDF
Ä 50107623 / M1
4 Dec 2018
Ruling to eliminate deficiencies 3 Jan 2019 Deficiencies eliminated
5 Dec 2018
PDF
Ä 50107623 / 2
30 Nov 2018
Amendment entry In force
30 Nov 2018
PDF
Ä 50107623
23 Nov 2018
First entry In force
23 Nov 2018
PDF

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