Bilance Technology OÜ
Active Registry code 14637103
OÜ Tallinn Registered 7 Jan 2019
Bilance Technology OÜ is a OÜ based in Tallinn, registry code 14637103, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €129 537 with 5 employees.
Turnover
129 537 €
↓ 17.6% vs Q2 2026
State taxes
21 599 €
↑ 13.1% vs Q2 2026
Labour taxes
23 621 €
↑ 14.1% vs Q2 2026
Employees
5
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 129 537 €above 85% of companiesindustry median 19 078 € · companies in the industry: 7 345
- Labour taxes per employee 4 724 €above 74% of companiesindustry median 2 345 € · companies in the industry: 2 783
- Revenue · 2025 281 833 €above 90% of companiesindustry median 14 309 € · companies in the industry: 13 336
- Net profit margin · 2025 -24.6 %above 13% of companiesindustry median 15.1 % · companies in the industry: 8 943
Taxes and turnover
- 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.
- 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.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 129 537 | 21 599 | 23 621 | 5 |
| Q2 2026 | 157 153 | 19 089 | 20 699 | 5 |
| Q1 2026 | 189 636 | 14 019 | 15 492 | 5 |
| Q4 2025 | 87 560 | 21 201 | 22 575 | 5 |
| Q3 2025 | 103 463 | 24 268 | 26 391 | 5 |
| Q2 2025 | 122 768 | 19 921 | 21 958 | 5 |
| Q1 2025 | 127 554 | 11 556 | 12 297 | 5 |
| Q4 2024 | 57 705 | 10 002 | 11 491 | 4 |
| Q3 2024 | 69 765 | 23 479 | 25 338 | 5 |
| Q2 2024 | 73 745 | 18 103 | 19 259 | 5 |
| Q1 2024 | 73 113 | 15 455 | 16 489 | 4 |
| Q4 2023 | 50 897 | 8 313 | 8 954 | 4 |
| Q3 2023 | 9 783 | 11 687 | 12 637 | 4 |
| Q2 2023 | — | 5 488 | 5 996 | 4 |
| Q1 2023 | — | 5 243 | 5 731 | 4 |
| Q4 2022 | — | — | — | 2 |
| Q2 2022 | — | 75 | — | — |
Labour taxes per employee per month
1 575 €
Turnover per employee in the quarter
25 907 €
Q3 2026 · calculated from EMTA data
Financials by year
- 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.
- 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.
- 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.
- 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.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 281 833 | -69 364 | 172 167 | 308 028 | 164 488 | 4 |
| 2024 | 169 121 | -134 643 | 226 404 | 197 787 | 133 835 | 4 |
| 2023 | 104 853 | -75 951 | 102 394 | 292 412 | 268 478 | 4 |
| 2022 | 13 629 | -3 667 | 7 645 | 51 492 | 44 374 | 2 |
| 2021 | 500 | 489 | 0 | 489 | 489 | 0 |
| 2020 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2019 | 0 | 0 | 0 | 0 | 0 | 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
-24.6 %
Net profit / revenue
Return on equity (ROE)
-42.2 %
Net profit / equity
Return on assets (ROA)
-22.5 %
Net profit / assets
Equity ratio
53.4 %
Equity / assets
Debt ratio
46.6 %
Liabilities / assets
Current ratio
1.72
Current assets / current liabilities
Revenue per employee
70 458 €
Revenue / average full-time employees
Labour cost per employee per month
3 587 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 1 Jul 2026 | Company’s own | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 6 May 2025 | Company’s own | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 9 May 2024 | Company’s own | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 19 Sep 2023 | Company’s own | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 4 Jul 2022 | Company’s own | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 12 Apr 2022 | Company’s own | e-Äriregister |
| 2019 | 7 Jan 2019 – 31 Dec 2019 | 24 Mar 2022 | Company’s own | e-Äriregister |
Board
- Mihkel VetemaaBoard member · since 7 Jan 2019
- Erik Martin VetemaaBoard member · since 5 Dec 2022
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Erik Martin VetemaaNatural person · 1 410 €
- Mihkel VetemaaNatural person · 1 125 €
- Usaldusfond Specialist VC Primary and Secondary Fund IILegal person · 16392077 · 354 €
- Thorgate Ventures III OÜLegal person · 14799745 · 190 €
- Thorgate Ventures III OÜLegal person · 14799745 · 71 €
- OÜ Punased PalmidLegal person · 14099427 · 57 €
- Tehnopol Ventures OÜLegal person · 16135392 · 55 €
- Shuhari OÜLegal person · 14826465 · 35 €
- 2024 OÜLegal person · 16979641 · 35 €
- OÜ Thorgate ManagementLegal person · 12073493 · 35 €
Beneficial owners
- Erik Martin VetemaaDirect ownership · since 26 Jan 2022
- Mihkel VetemaaDirect ownership · since 19 Jul 2020
Founders and other persons
- Mihkel VetemaaFounder · 1 250 € · 15 Dec 2018
- Olev PetersFounder · 1 250 € · 15 Dec 2018
Related companies
Activities (EMTAK)
- 62101Computer programming activities Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 50109199 / 13 16 Sep 2026 |
Amendment entry | In force 16 Sep 2026 |
||
| Ä 50109199 / 12 14 Aug 2026 |
Amendment entry | In force 14 Aug 2026 |
||
| Ä 50109199 / 11 14 May 2025 |
Amendment entry | In force 14 May 2025 |
||
| Ä 50109199 / M7 13 May 2025 |
Ruling to eliminate deficiencies | Deficiencies eliminated 14 May 2025 |
||
| Ä 50109199 / 10 28 Mar 2025 |
Amendment entry | In force 28 Mar 2025 |
||
| Ä 50109199 / 9 27 Dec 2023 |
Amendment entry | In force 27 Dec 2023 |
||
| Ä 50109199 / 8 3 Sep 2023 |
Amendment entry | In force 3 Sep 2023 |
||
| Ä 50109199 / 7 24 Aug 2023 |
Amendment entry | In force 24 Aug 2023 |
||
| Ä 50109199 / 6 5 Apr 2023 |
Amendment entry | In force 5 Apr 2023 |
||
| Ä 50109199 / 5 22 Dec 2022 |
Amendment entry | In force 22 Dec 2022 |
||
| Ä 50109199 / M6 19 Dec 2022 |
Ruling to eliminate deficiencies | 2 Jan 2023 | Deficiencies eliminated 22 Dec 2022 |
|
| Ä 50109199 / 4 5 Dec 2022 |
Amendment entry | In force 5 Dec 2022 |
||
| Ä 50109199 / M5 22 Nov 2022 |
Ruling to eliminate deficiencies | 12 Dec 2022 | Deficiencies eliminated 5 Dec 2022 |
|
| Ä 50109199 / 3 10 Jun 2022 |
Amendment entry | In force 10 Jun 2022 |
||
| Ä 50109199 / M4 7 Apr 2022 |
Fine for not filing the report | 22 Apr 2022 | In force 22 Apr 2022 |
|
| Ä 50109199 / M3 7 Feb 2022 |
Warning of a fine: annual report not filed | 9 Mar 2022 | Deficiencies eliminated 13 Apr 2022 |
|
| Ä 50109199 / 2 13 May 2020 |
Amendment entry | In force 13 May 2020 |
||
| Ä 50109199 / M2 5 May 2020 |
Ruling to eliminate deficiencies | 25 May 2020 | Deficiencies eliminated 8 May 2020 |
|
| Ä 50109199 7 Jan 2019 |
First entry | In force 7 Jan 2019 |
||
| Ä 50109199 / M1 17 Dec 2018 |
Ruling to eliminate deficiencies | 7 Jan 2019 | Deficiencies eliminated 7 Jan 2019 |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data