RefPal Network OÜ

Active Registry code 14897494 OÜ Tallinn Registered 27 Jan 2020

RefPal Network OÜ is a OÜ based in Tallinn, registry code 14897494, status: active. Main activity: Other software publishing. According to EMTA, turnover for Q3 2026 was €91 150 with 13 employees.

Turnover

91 150 €

↑ 113.7% vs Q2 2026

State taxes

10 204 €

↓ 42.1% vs Q2 2026

Labour taxes

8 911 €

↓ 44.6% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Publishing activities · EMTAK 58

Turnover · Q3 2026 91 150 €

above 82% of companies

industry median 9 319 € · companies in the industry: 766
Labour taxes per employee 685 €

above 16% of companies

industry median 2 036 € · companies in the industry: 224
Revenue · 2025 332 118 €

above 91% of companies

industry median 5 175 € · companies in the industry: 1 328
Net profit margin · 2025 4.8 %

above 51% of companies

industry median 4.4 % · companies in the industry: 825

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 91 150 € · +113.7% vs Q2 2026 · industry median 9 319 € · above 82% 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: 685 € · −40.4% vs Q2 2026 · industry median 2 036 € · above 16% 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: 13 · −7.1% vs Q2 2026

State taxes, € Q3 2026: 10 204 € · −42.1% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	91 150	10 204	8 911	13
Q2 2026	42 650	17 632	16 094	14
Q1 2026	111 937	11 709	3 868	14
Q4 2025	106 582	9 801	8 514	14
Q3 2025	112 309	10 743	11 611	14
Q2 2025	50 305	10 672	11 958	13
Q1 2025	31 690	1 713	1 842	13
Q4 2024	46 638	7 674	7 836	13
Q3 2024	43 219	10 791	11 753	11
Q2 2024	34 126	2 967	2 858	11
Q1 2024	6 565	3 454	3 487	10
Q4 2023	14 556	6 322	5 811	12
Q3 2023	25 103	6 949	6 071	13
Q2 2023	31 431	5 065	4 145	13
Q1 2023	8 281	1 212	1 674	13
Q4 2022	46 691	5 034	4 917	7
Q3 2022	24 703	4 123	3 982	7
Q2 2022	22 258	3 271	3 321	8
Q1 2022	15 600	2 115	2 108	3

Labour taxes per employee per month

228 €

Turnover per employee in the quarter

7 012 €

Q3 2026 · calculated from EMTA data

Financials by year

2020 – 2025

Revenue, € thousand 2025: 332 118 € · +102.3% vs 2024 · industry median 5 175 € · above 91% 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, € 2025: 15 886 € · +274.4% vs 2024 · industry median 0 € · above 85% 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: 4.8 % · +10.3 pp vs the year before · industry median 4.4 % · above 51% 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: 209 451 € · +59.2% vs 2024

Equity, € thousand 2025: -132 492 € · −8 268.4% vs 2024

Employees 2025: 5 · +150.0% vs 2024 · industry median 1 · above 85% 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	332 118	15 886	82 916	209 451	-132 492	5
2024	164 174	-9 111	60 190	131 560	1 622	2
2023	123 230	11 598	44 325	87 326	10 733	2
2022	110 014	8 391	32 615	88 445	-865	2
2021	46 582	-12 381	24 137	68 516	-9 256	2
2020	24 000	625	0	40 386	3 125	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

4.8 %

Net profit / revenue

Return on assets (ROA)

7.6 %

Net profit / assets

Equity ratio

-63.3 %

Equity / assets

Debt ratio

163.3 %

Liabilities / assets

Current ratio

0.23

Current assets / current liabilities

Revenue per employee

66 424 €

Revenue / average full-time employees

Labour cost per employee per month

1 382 €

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	14 Jul 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	28 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	2 Jul 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	1 Jun 2023	Company’s own	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	13 Jul 2022	Company’s own	e-Äriregister
2020	27 Jan 2020 – 31 Dec 2020	16 Mar 2021	Company’s own	e-Äriregister

Board

Sten Klaasen
Board member · since 27 Jan 2020

Right of representation

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

Owners

EESTI JALGPALLI LIIT
Legal person · 80091598 · 1 250 €

50%
RefPal OÜ
Legal person · 14383341 · 750 €

30%
RefPal Network OÜ
Legal person · 14897494 · 500 €

20%

Owner in

RefPal Network OÜ
20%

Beneficial owners

Gerd Müller
Indirect ownership · since 8 Aug 2025
Indrek Schwede
Indirect ownership · since 8 Aug 2025
Kari-Andri Kask
Indirect ownership · since 8 Aug 2025
Marita Klaasen
Indirect ownership · since 8 Aug 2025
Monica Rand
Indirect ownership · since 8 Aug 2025
Raio Piiroja
Indirect ownership · since 8 Aug 2025
Aivar Pohlak
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Anastassia Morkovkina
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Are Altraja
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Daniil Savitski
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Eduard Rõžov
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Marek Lemsalu
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Mart Poom
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Sten Klaasen
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Tarmo Lehiste
Member of a senior management body (management or supervisory board) · since 27 Jan 2020
Teet Ilves
Member of a senior management body (management or supervisory board) · since 27 Jan 2020

Founders and other persons

EESTI JALGPALLI LIIT
Founder · 1 250 € · 24 Jan 2020
RefPal OÜ
Founder · 1 000 € · 24 Jan 2020
Tohver Holding OÜ
Founder · 250 € · 24 Jan 2020

shared board members, owners or beneficial owners

Activities (EMTAK)

58291Other software publishing Main

Rulings 4

All rulings (PDF)

Rulings
Number, date	Title	State	Document
Ä 50138307 / 4 9 Jun 2025	Amendment entry	In force 9 Jun 2025	PDF
Ä 50138307 / 3 15 Sep 2023	Amendment entry	In force 15 Sep 2023	PDF
Ä 50138307 / 2 1 Sep 2023	Amendment entry	In force 1 Sep 2023	PDF
Ä 50138307 27 Jan 2020	First entry	In force 27 Jan 2020	PDF

Sources: e-Äriregister and EMTA. Data updated 30 Oct 2026. Open at the source ↗ · Report an error in the data

RefPal Network 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

Owner in

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 4