Two Cakes Studio OÜ

Active Registry code 16203585 OÜ Tallinn Registered 12 Apr 2021
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Two Cakes Studio OÜ is a OÜ based in Tallinn, registry code 16203585, status: active. Main activity: Leasing of intellectual property and similar products, except copyrighted works. According to EMTA, turnover for Q3 2026 was €150 684 with employees.

Turnover
150 684 €
↑ 215.4% vs Q2 2026
State taxes
419 €
Labour taxes
419 €
Employees
—

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

Position in the industry Rental and leasing activities · EMTAK 77

  • Turnover · Q3 2026 150 684 €
    industry median 13 500 € · companies in the industry: 1 553
  • Revenue · 2024 36 338 €
    industry median 14 823 € · companies in the industry: 2 740
  • Net profit margin · 2024 10.5 %
    industry median 9.0 % · companies in the industry: 2 055

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 150 684 € · +215.4% vs Q2 2026 · industry median 13 500 € · above 86% of the industry
050100150200Q4 2023 Company: 17 711 € Industry median: 12 549 €Q4·23Q1 2024 Company: 7 316 € Industry median: 11 539 €Q2 2024 Company: 18 706 € Industry median: 11 650 €Q2·24Q3 2024 Company: 11 103 € Industry median: 12 968 €Q4 2024 Company: 17 337 € Industry median: 12 979 €Q4·24Q1 2025 Company: 20 941 € Industry median: 11 715 €Q2 2025 Company: 19 632 € Industry median: 11 635 €Q2·25Q3 2025 Company: 27 966 € Industry median: 12 530 €Q4 2025 Company: 32 716 € Industry median: 12 104 €Q4·25Q1 2026 Company: 33 682 € Industry median: 11 923 €Q2 2026 Company: 47 778 € Industry median: 13 106 €Q2·26Q3 2026 Company: 150 684 € Industry median: 13 500 €Q3·26050100150200Q4 2024 Company: 17 337 € Industry median: 12 979 €Q1 2025 Company: 20 941 € Industry median: 11 715 €Q1·25Q2 2025 Company: 19 632 € Industry median: 11 635 €Q3 2025 Company: 27 966 € Industry median: 12 530 €Q3·25Q4 2025 Company: 32 716 € Industry median: 12 104 €Q1 2026 Company: 33 682 € Industry median: 11 923 €Q1·26Q2 2026 Company: 47 778 € Industry median: 13 106 €Q3 2026 Company: 150 684 € Industry median: 13 500 €Q3·26
  • Company
  • Industry median

Industry: Rental and leasing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

State taxes, € Q3 2026: 419 €
05001 0001 500Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: 4 €Q2·24Q3 2024 Company: 650 €Q4 2024 Company: 275 €Q4·24Q1 2025 Company: 622 €Q2 2025 Company: 443 €Q2·25Q3 2025 Company: 747 €Q4 2025 Company: 632 €Q4·25Q1 2026 Company: 1 369 €Q2 2026 Company: 0 €Q2·26Q3 2026 Company: 419 €Q3·2605001 0001 500Q4 2024 Company: 275 €Q1 2025 Company: 622 €Q1·25Q2 2025 Company: 443 €Q3 2025 Company: 747 €Q3·25Q4 2025 Company: 632 €Q1 2026 Company: 1 369 €Q1·26Q2 2026 Company: 0 €Q3 2026 Company: 419 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 150 684 419 419 —
Q2 2026 47 778 — — —
Q1 2026 33 682 1 369 1 365 —
Q4 2025 32 716 632 631 —
Q3 2025 27 966 747 747 —
Q2 2025 19 632 443 442 —
Q1 2025 20 941 622 622 —
Q4 2024 17 337 275 270 —
Q3 2024 11 103 650 650 —
Q2 2024 18 706 4 — —
Q1 2024 7 316 — — —
Q4 2023 17 711 — — —
Q3 2023 4 244 — — —
Q2 2023 2 680 — — —
Q1 2023 10 216 — — —
Q4 2022 7 105 — — —

Financials by year

2021 – 2024
Revenue, € 2024: 36 338 € · +80.7% vs 2023 · industry median 14 823 € · above 67% of the industry
010 00020 00030 00040 0002021 Company: 14 682 € Industry median: 17 097 €20212022 Company: 5 085 € Industry median: 17 636 €20222023 Company: 20 113 € Industry median: 16 412 €20232024 Company: 36 338 € Industry median: 14 823 €2024010 00020 00030 00040 0002021 Company: 14 682 € Industry median: 17 097 €2022 Company: 5 085 € Industry median: 17 636 €20222023 Company: 20 113 € Industry median: 16 412 €2024 Company: 36 338 € Industry median: 14 823 €2024
  • Company
  • Industry median

Industry: Rental and leasing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € 2024: 3 801 € · −3.5% vs 2023 · industry median 116 € · above 66% of the industry
-5 00005 00010 00015 00020 0002021 Company: 15 010 € Industry median: 667 €20212022 Company: -4 319 € Industry median: 440 €20222023 Company: 3 939 € Industry median: 418 €20232024 Company: 3 801 € Industry median: 116 €2024-5 00005 00010 00015 00020 0002021 Company: 15 010 € Industry median: 667 €2022 Company: -4 319 € Industry median: 440 €20222023 Company: 3 939 € Industry median: 418 €2024 Company: 3 801 € Industry median: 116 €2024
  • Company
  • Industry median

Industry: Rental and leasing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: 10.5 % · −9.1 pp vs the year before · industry median 9.0 % · above 52% of the industry
-100-500501001502021 Company: 102.2 % Industry median: 13.4 %20212022 Company: -84.9 % Industry median: 12.3 %20222023 Company: 19.6 % Industry median: 11.1 %20232024 Company: 10.5 % Industry median: 9.0 %2024-100-500501001502021 Company: 102.2 % Industry median: 13.4 %2022 Company: -84.9 % Industry median: 12.3 %20222023 Company: 19.6 % Industry median: 11.1 %2024 Company: 10.5 % Industry median: 9.0 %2024
  • Company
  • Industry median

Industry: Rental and leasing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € 2024: 21 538 € · +25.6% vs 2023
05 00010 00015 00020 00025 0002021 Company: 15 010 €20212022 Company: 11 604 €20222023 Company: 17 142 €20232024 Company: 21 538 €202405 00010 00015 00020 00025 0002021 Company: 15 010 €2022 Company: 11 604 €20222023 Company: 17 142 €2024 Company: 21 538 €2024
Equity, € 2024: 18 431 € · +26.0% vs 2023
05 00010 00015 00020 0002021 Company: 15 010 €20212022 Company: 10 691 €20222023 Company: 14 630 €20232024 Company: 18 431 €202405 00010 00015 00020 0002021 Company: 15 010 €2022 Company: 10 691 €20222023 Company: 14 630 €2024 Company: 18 431 €2024
Employees 2024: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120240.00.20.40.60.81.02021 Company: 0 Industry median: 12022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 12024 Company: 0 Industry median: 12024
  • Company
  • Industry median

Industry: Rental and leasing 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
2024 36 338 3 801 0 21 538 18 431 0
2023 20 113 3 939 0 17 142 14 630 0
2022 5 085 -4 319 0 11 604 10 691 0
2021 14 682 15 010 — 15 010 15 010 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 2024

Net profit margin
10.5 %
Net profit / revenue
Return on equity (ROE)
20.6 %
Net profit / equity
Return on assets (ROA)
17.6 %
Net profit / assets
Equity ratio
85.6 %
Equity / assets
Debt ratio
14.4 %
Liabilities / assets
Current ratio
6.43
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2024 1 Jan 2024 – 31 Dec 2024 10 Jun 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 7 Jun 2024 Company’s own e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 27 Jun 2023 Company’s own e-Äriregister
2021 12 Apr 2021 – 31 Dec 2021 6 Apr 2022 Company’s own e-Äriregister

Board

Right of representation

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

Owners

Beneficial owners

Founders and other persons

Activities (EMTAK)

  • 77401Leasing of intellectual property and similar products, except copyrighted works Main
  • 58211Publishing of video games

Rulings 4

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50171140 / 4
25 Jun 2025
 Amendment entry In force
25 Jun 2025
 PDF
Ä 50171140 / 3
2 Sep 2023
 Amendment entry In force
2 Sep 2023
 PDF
Ä 50171140 / 2
2 May 2023
 Amendment entry In force
2 May 2023
 PDF
Ä 50171140
12 Apr 2021
 First entry In force
12 Apr 2021
 PDF

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