Formaloo OÜ

Active Registry code 16045714 OÜ Tallinn Registered 7 Sep 2020

Formaloo OÜ is a OÜ based in Tallinn, registry code 16045714, status: active. Main activity: Other information technology and computer service activities. According to EMTA, turnover for Q3 2026 was €44 387 with 1 employees.

Turnover

44 387 €

↓ 29.9% vs Q2 2026

State taxes

7 207 €

↓ 4.2% vs Q2 2026

Labour taxes

7 830 €

↑ 0.0% vs Q2 2026

Employees

±0 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 44 387 €

above 71% of companies

industry median 19 078 € · companies in the industry: 7 345
Labour taxes per employee 7 830 €

above 90% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 162 072 €

above 85% of companies

industry median 14 309 € · companies in the industry: 13 336
Net profit margin · 2025 -205.7 %

above 2% of companies

industry median 15.1 % · companies in the industry: 8 943

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 44 387 € · −29.9% vs Q2 2026 · industry median 19 078 € · above 71% 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: 7 830 € · +0.0% vs Q2 2026 · industry median 2 345 € · above 90% 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: 1 · +0.0% vs Q2 2026

State taxes, € Q3 2026: 7 207 € · −4.2% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	44 387	7 207	7 830	1
Q2 2026	63 337	7 520	7 830	1
Q1 2026	92 044	7 467	8 104	1
Q4 2025	105 404	8 002	8 652	1
Q3 2025	36 811	11 859	12 695	1
Q2 2025	61 818	21 018	18 171	4
Q1 2025	44 778	32 223	34 761	3
Q4 2024	45 019	22 970	23 057	8
Q3 2024	29 005	31 471	32 211	7
Q2 2024	39 005	35 976	30 416	7
Q1 2024	28 633	29 428	31 737	7
Q4 2023	74 788	20 826	21 658	6
Q3 2023	16 090	24 156	25 996	5
Q2 2023	41 904	15 446	13 558	6
Q1 2023	58 368	10 356	7 056	3
Q4 2022	65 706	6 508	7 056	2
Q3 2022	44 834	7 554	7 056	2
Q2 2022	54 382	6 593	7 056	2
Q1 2022	6 849	314	—	2

Labour taxes per employee per month

2 610 €

Turnover per employee in the quarter

44 387 €

Q3 2026 · calculated from EMTA data

Financials by year

2021 – 2025

Revenue, € thousand 2025: 162 072 € · +45.8% vs 2024 · industry median 14 309 € · above 85% 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 2025: -333 384 € · +31.9% vs 2024 · industry median 106 € · 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, % 2025: -205.7 % · +234.6 pp vs the year before · industry median 15.1 % · 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: 1 086 352 € · −25.7% vs 2024

Equity, € thousand 2025: 1 070 110 € · −23.8% vs 2024

Employees 2025: 1 · −85.7% vs 2024 · industry median 1 · above 5% 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	162 072	-333 384	118 349	1 086 352	1 070 110	1
2024	111 189	-489 523	317 902	1 462 550	1 403 495	7
2023	190 525	-207 716	186 440	1 898 466	1 893 018	7
2022	168 879	63 706	57 285	120 740	115 421	3
2021	3 055	-95 262	26 899	45 517	44 726	3

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

-205.7 %

Net profit / revenue

Return on equity (ROE)

-31.2 %

Net profit / equity

Return on assets (ROA)

-30.7 %

Net profit / assets

Equity ratio

98.5 %

Equity / assets

Debt ratio

1.5 %

Liabilities / assets

Current ratio

39.33

Current assets / current liabilities

Revenue per employee

162 072 €

Revenue / average full-time employees

Labour cost per employee per month

9 862 €

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	3 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	23 Jul 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	12 Aug 2024	Company’s own	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	26 Sep 2023	Company’s own	e-Äriregister
2021	7 Sep 2020 – 31 Dec 2021	6 Jul 2022	Company’s own	e-Äriregister

Board

Farokh Shahabi Nezhad
Board member · since 23 Feb 2023
Mehrnoosh Baratpour
Board member · since 23 Feb 2023

Right of representation

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

Owners

Mehrnoosh Baratpour
Natural person · 2 500 €

15.32%
Seyedamir Hashemi
Natural person · 2 500 €

15.32%
Hasan Noori Negherloo
Natural person · 2 500 €

15.32%
Farokh Shahabi Nezhad
Natural person · 2 500 €

15.32%
Usaldusfond Change Ventures Fund II
Legal person · 14802453 · 1 813 €

11.11%
Hyde Park Venture Partners Fund III, L.P
Legal person · 1 539 €

9.43%
Usaldusfond Wise Guys Ventures Fond 1
Legal person · 14685421 · 1 112 €

6.81%
Expert Dojo Ventures Fund II, LLC
Legal person · 869 €

5.32%
Usaldusfond Wise Guys Opportunity Fund 1
Legal person · 16269342 · 343 €

2.10%
Ryerson Futures Inc. DBA as DMZ Ventures
Legal person · 310 €

1.90%
FO-0123 Fund I, a series of MV Funds, LP
Legal person · 125 €

0.77%
Hyde Park Venture Partners Fund III Affiliates, L.P.
Legal person · 93 €

0.57%
Mila Invest OÜ
Legal person · 11891261 · 60 €

0.37%
Mana Ventures, LP - C2
Legal person · 36 €

0.22%
Pawel Maj
Natural person · 20 €

0.12%

Beneficial owners

Farokh Shahabi Nezhad
Direct ownership · since 8 Mar 2023
Mehrnoosh Baratpour
Direct ownership · since 8 Mar 2023

Founders and other persons

Farokh Shahabi Nezhad
Founder · 2 500 € · 24 Aug 2020

Activities (EMTAK)

62901Other information technology and computer service activities Main

Rulings 8

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50153013 / M4 17 Jul 2024	Warning of a fine: annual report not filed	16 Aug 2024	Deficiencies eliminated 12 Aug 2024	PDF
Ä 50153013 / 4 22 Jun 2023	Amendment entry		In force 22 Jun 2023	PDF
Ä 50153013 / M3 30 May 2023	Ruling to eliminate deficiencies	14 Jun 2023	Deficiencies eliminated 22 Jun 2023	PDF
Ä 50153013 / 3 23 Feb 2023	Amendment entry		In force 23 Feb 2023	PDF
Ä 50153013 / 2 10 May 2021	Amendment entry		In force 10 May 2021	PDF
Ä 50153013 / M2 4 May 2021	Ruling to eliminate deficiencies	14 May 2021	Deficiencies eliminated 10 May 2021	PDF
Ä 50153013 7 Sep 2020	First entry		In force 7 Sep 2020	PDF
Ä 50153013 / M1 24 Aug 2020	Ruling to eliminate deficiencies	8 Sep 2020	Deficiencies eliminated 7 Sep 2020	PDF

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