Modular Technologies OÜ

Active Registry code 14655118 OÜ Tallinn Registered 5 Feb 2019

Modular Technologies OÜ is a OÜ based in Tallinn, registry code 14655118, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €3 535 637 with 81 employees.

Turnover

3 535 637 €

↑ 28.0% vs Q2 2026

State taxes

718 657 €

↓ 14.7% vs Q2 2026

Labour taxes

783 196 €

↓ 14.1% vs Q2 2026

Employees

−3 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 3.5 mn €

above 98% of companies

industry median 19 089 € · companies in the industry: 7 346
Labour taxes per employee 9 669 €

above 95% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 6 mn €

above 98% of companies

industry median 14 304 € · companies in the industry: 13 343

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 3 535 637 € · +28.0% vs Q2 2026 · industry median 19 089 € · above 98% of the industry

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: 9 669 € · −11.0% vs Q2 2026 · industry median 2 345 € · above 95% of the industry

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: 81 · −3.6% vs Q2 2026

State taxes, € thousand Q3 2026: 718 657 € · −14.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	3 535 637	718 657	783 196	81
Q2 2026	2 761 909	842 883	912 215	84
Q1 2026	4 914 574	743 369	802 906	85
Q4 2025	2 774 223	736 331	791 858	81
Q3 2025	3 073 462	773 163	828 020	78
Q2 2025	3 303 871	766 311	824 571	78
Q1 2025	3 856 296	882 437	947 777	85
Q4 2024	3 223 603	708 491	740 179	85
Q3 2024	3 070 788	706 436	739 982	81
Q2 2024	3 154 808	748 880	780 444	80
Q1 2024	2 553 770	649 093	681 014	73
Q4 2023	3 346 413	586 520	587 661	70
Q3 2023	1 699 405	574 254	608 208	66
Q2 2023	1 609 111	737 347	780 187	70
Q1 2023	1 551 447	580 568	619 972	76
Q4 2022	1 236 618	565 418	602 556	78
Q3 2022	1 131 822	529 239	560 838	76
Q2 2022	996 470	395 293	421 999	74
Q1 2022	868 656	334 454	354 542	60

Labour taxes per employee per month

3 223 €

Turnover per employee in the quarter

43 650 €

Q3 2026 · calculated from EMTA data

Financials by year

2019 – 2025

Revenue, € thousand 2025: 5 951 279 € · +17.1% vs 2024 · industry median 14 304 € · above 98% of the industry

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 2024: -11 923 430 € · −88.0% vs 2023 · industry median 248 € · above 2% of the industry

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, % 2024: -234.5 % · −62.3 pp vs the year before · industry median 16.2 % · above 2% of the industry

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: 16 572 277 € · −30.7% vs 2024

Equity, € thousand 2024: 19 653 095 € · +232.8% vs 2023

Employees 2025: 80 · +3.9% vs 2024 · industry median 1 · above 98% of the industry

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	5 951 279	—	—	16 572 277	—	80
2024	5 083 922	-11 923 430	8 073 563	23 912 699	19 653 095	77
2023	3 682 185	-6 342 278	6 797 000	30 424 584	5 906 066	73
2022	1 810 973	-5 765 578	5 594 535	16 574 197	13 205 469	68
2021	974 242	-2 354 814	2 978 420	17 145 991	2 738 636	51
2020	1 273 312	-25 866	976 067	5 663 311	4 972 054	0
2019	1 030 258	944 086	9	1 343 020	997 916	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

Revenue per employee

74 391 €

Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	17 Jun 2026	Consolidated · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	9 Jun 2025	Consolidated · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	29 May 2024	Consolidated · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	24 May 2023	Consolidated · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	1 Apr 2022	Consolidated · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Jun 2021	Consolidated · audited	e-Äriregister
2019	5 Feb 2019 – 31 Dec 2019	30 Jun 2020	Company’s own	e-Äriregister

Board

Ove Kreison
Board member · since 5 May 2023
Gregor Bruce Dobbie
Board member · since 12 Aug 2026

Right of representation

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

Owners

Karma Ventures I SICAV-SIF, SCS
Legal person · 3 619 €

14.85%
FPCI BlackFin Tech 1
Legal person · 3 156 €

12.95%
Portage Ventures III Investments LP
Legal person · 3 082 €

12.65%
CommerzVentures III Beteiligungs GmbH & Co. KG
Legal person · 2 622 €

10.76%
Pereshire OÜ
Legal person · 14627903 · 2 261 €

9.28%
Snowtoken OÜ
Legal person · 14628995 · 2 261 €

9.28%
Basil Capital OÜ
Legal person · 14628713 · 1 908 €

7.83%
Speedinvest Opportunity I EuVECA GmbH & Co KG
Legal person · 874 €

3.59%
JKK Invest OÜ
Legal person · 14562670 · 849 €

3.48%
Citi Ventures, Inc.
Legal person · 700 €

2.87%
Modular Technologies OÜ
Legal person · 14655118 · 610 €

2.50%
Icecold Solutions OÜ
Legal person · 14323758 · 593 €

2.43%
AS LHV Group
Legal person · 11098261 · 318 €

1.30%
Aperture Capital SA
Legal person · 152 €

0.62%
Plug & Play Germany GmbH
Legal person · 150 €

0.62%
Sander Aasaväli
Natural person · 77 €

0.32%
Krista Einola
Natural person · 77 €

0.32%
Gregor Johannson
Natural person · 77 €

0.32%
Piia-Helin Kadajane
Natural person · 77 €

0.32%
Sander Laadi
Natural person · 77 €

0.32%
Sander Siniorg
Natural person · 77 €

0.32%
Siim Valdaru
Natural person · 73 €

0.30%
Andres Proode
Natural person · 67 €

0.27%
Kersti Aruja
Natural person · 62 €

0.25%
Osaühing Wavefox
Legal person · 11163432 · 62 €

0.25%
Sven Meimer
Natural person · 52 €

0.21%
Jaan Angerpikk
Natural person · 51 €

0.21%
Tanel Suve
Natural person · 46 €

0.19%
Siena Holding OÜ
Legal person · 12658992 · 42 €

0.17%
Rain Kivimägi
Natural person · 36 €

0.15%
Egon Orav
Natural person · 32 €

0.13%
Kersti Loo
Natural person · 30 €

0.12%
Olga Holdava
Natural person · 20 €

0.08%
Urmo Lehtma
Natural person · 20 €

0.08%
Michelle Theresa Mueller
Natural person · 20 €

0.08%
Susanna Peek
Natural person · 20 €

0.08%
Ljudmila Peters
Natural person · 20 €

0.08%
Edgar Kivisild
Natural person · 15 €

0.06%
Laura Arengu
Natural person · 12 €

0.05%
Janis Jüriso
Natural person · 12 €

0.05%
Vivek Shukla
Natural person · 12 €

0.05%
Katrin Toom
Natural person · 12 €

0.05%
Natalija Ilves
Natural person · 6 €

0.03%
Mohamed Anis Ahamed Abdul Karim
Natural person · 5 €

0.02%
Md Younus Ali
Natural person · 5 €

0.02%
Abida Gulzar
Natural person · 5 €

0.02%
A K M Shariful Islam
Natural person · 5 €

0.02%
Anna Lapina
Natural person · 5 €

0.02%
Roberts Rimša
Natural person · 5 €

0.02%
Alina Desiatnikova
Natural person · 4 €

0.02%

Owner in

Modular Technologies OÜ
2.50%

Beneficial owners

David Yates
Member of a senior management body (management or supervisory board) · IRL · since 3 Oct 2024

Founders and other persons

Icefire Finance OÜ
Founder · 3 000 € · 5 Feb 2019
Grant Thornton Baltic OÜ
Audit firm · 11 Apr 2022
David Gregg Yates
Chairman of the supervisory board · 1 Sep 2024
Hélène Falchier
Supervisory board member · 11 Jan 2022
Rivo Uibo
Supervisory board member · 14 Apr 2023
Heiko Schwender
Supervisory board member · 16 Jan 2024
Jan Lakspere
Supervisory board member · 23 Feb 2026
Margus Uudam
Supervisory board member · 23 Feb 2026

shared board members, owners or beneficial owners

Activities (EMTAK)

62101Computer programming activities Main

Rulings 24

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50112239 / 22 12 Aug 2026	Amendment entry		In force 12 Aug 2026	PDF
Ä 50112239 / 21 20 Feb 2026	Amendment entry		In force 20 Feb 2026	PDF
Ä 50112239 / 20 2 Jul 2025	Amendment entry		In force 2 Jul 2025	PDF
Ä 50112239 / 19 12 Feb 2025	Amendment entry		In force 12 Feb 2025	PDF
Ä 50112239 / 18 8 Mar 2024	Amendment entry		In force 8 Mar 2024	PDF
Ä 50112239 / 17 31 Jan 2024	Amendment entry		In force 31 Jan 2024	PDF
Ä 50112239 / 16 16 Jan 2024	Amendment entry		In force 16 Jan 2024	PDF
Ä 50112239 / 15 25 May 2023	Amendment entry		In force 25 May 2023	PDF
Ä 50112239 / M2 23 May 2023	Ruling to eliminate deficiencies	9 Jun 2023	Deficiencies eliminated 25 May 2023	PDF
Ä 50112239 / 14 18 May 2023	Amendment entry		In force 18 May 2023	PDF
Ä 50112239 / 13 5 May 2023	Amendment entry		In force 5 May 2023	PDF
Ä 50112239 / 12 21 Oct 2022	Amendment entry		In force 21 Oct 2022	PDF
Ä 50112239 / 11 22 Jun 2022	Amendment entry		In force 22 Jun 2022	PDF
Ä 50112239 / M1 6 Apr 2022	Procedural ruling	20 Apr 2022	Deficiencies eliminated 11 Apr 2022	PDF
Ä 50112239 / 10 16 Jan 2022	Amendment entry		In force 16 Jan 2022	PDF
Ä 50112239 / 9 11 Oct 2021	Amendment under Commercial Code § 525 (2)		In force 11 Oct 2021	PDF
Ä 50112239 / 8 7 Dec 2020	Amendment entry		In force 7 Dec 2020	PDF
Ä 50112239 / 7 27 Oct 2020	Amendment entry		In force 27 Oct 2020	PDF
Ä 50112239 / 6 16 Oct 2020	Amendment entry		In force 16 Oct 2020	PDF
Ä 50112239 / 5 30 Jun 2020	Amendment entry		In force 30 Jun 2020	PDF
Ä 50112239 / 4 14 May 2019	Amendment entry		In force 14 May 2019	PDF
Ä 50112239 / 3 1 Mar 2019	Amendment entry		In force 1 Mar 2019	PDF
Ä 50112239 / 2 5 Feb 2019	Third (informative) division entry		In force 5 Feb 2019	PDF
Ä 50112239 5 Feb 2019	First (declaratory) division entry (card of the new company)		In force 5 Feb 2019	PDF

Sources: e-Äriregister and EMTA. Data updated 28 Oct 2026. Open at the source ↗ · Report an error in the data

Modular Technologies OÜ

Position in the industry Computer programming, consultancy and related activities · EMTAK 62

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 24