Sundog Ventures OÜ

Active Registry code 16261429 OÜ Tallinn Registered 1 Jul 2021

Sundog Ventures OÜ is a OÜ based in Tallinn, registry code 16261429, status: active. Main activity: Intermediation service activities for non-specialised retail sale. According to EMTA, turnover for Q3 2026 was €2 149 with 1 employees.

Turnover

2 149 €

↓ 57.2% vs Q2 2026

State taxes

508 €

↓ 52.7% vs Q2 2026

Labour taxes

0 €

Employees

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

Position in the industry Retail trade · EMTAK 47

Turnover · Q3 2026 2 149 €

above 17% of companies

industry median 23 652 € · companies in the industry: 7 652
Labour taxes per employee 0 €

above 2% of companies

industry median 1 201 € · companies in the industry: 4 663
Revenue · 2025 54 598 €

above 67% of companies

industry median 16 974 € · companies in the industry: 13 500
Net profit margin · 2025 -9.9 %

above 19% of companies

industry median 1.3 % · companies in the industry: 9 480

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € Q3 2026: 2 149 € · −57.2% vs Q2 2026 · industry median 23 652 € · above 17% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 0 € · industry median 1 201 € · above 2% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 1

State taxes, € Q3 2026: 508 € · −52.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	2 149	508	—	1
Q2 2026	5 017	1 074	—	—
Q1 2026	6 140	3 062	1 828	2
Q4 2025	14 583	3 214	—	2
Q3 2025	6 597	1 407	—	2
Q2 2025	8 589	5 693	4 590	2
Q1 2025	40 515	15 233	9 325	2
Q4 2024	41 127	15 872	8 514	1
Q3 2024	37 438	21 876	18 475	2
Q2 2024	39 276	22 934	19 213	4
Q1 2024	41 834	21 881	19 101	3
Q4 2023	94 366	29 472	18 782	3
Q3 2023	54 906	22 479	19 887	3
Q2 2023	34 530	18 607	18 719	5
Q1 2023	26 243	14 545	12 959	5
Q4 2022	35 744	12 801	8 139	4
Q3 2022	26 507	13 146	10 646	3
Q2 2022	11 713	5 600	4 951	9
Q1 2022	—	1 620	1 765	2

Labour taxes per employee per month

0 €

Turnover per employee in the quarter

2 149 €

Q3 2026 · calculated from EMTA data

Financials by year

2022 – 2025

Revenue, € thousand 2025: 54 598 € · −58.2% vs 2024 · industry median 16 974 € · above 67% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -5 382 € · +97.2% vs 2024 · industry median 0 € · above 13% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -9.9 % · +135.8 pp vs the year before · industry median 1.3 % · above 19% of the industry

Company
Industry median

Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 31 412 € · −63.4% vs 2024

Equity, € thousand 2025: 29 881 € · −51.5% vs 2024

Employees 2025: 1 · −66.7% vs 2024 · industry median 2 · above 5% of the industry

Company
Industry median

Industry: Retail trade (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	54 598	-5 382	15 789	31 412	29 881	1
2024	130 618	-190 250	141 934	85 813	61 591	3
2023	167 560	-208 775	173 136	280 945	252 075	4
2022	132 581	-41 650	83 340	367 583	345 850	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

-9.9 %

Net profit / revenue

Return on equity (ROE)

-18.0 %

Net profit / equity

Return on assets (ROA)

-17.1 %

Net profit / assets

Equity ratio

95.1 %

Equity / assets

Debt ratio

4.9 %

Liabilities / assets

Current ratio

20.17

Current assets / current liabilities

Revenue per employee

54 598 €

Revenue / average full-time employees

Labour cost per employee per month

1 316 €

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	30 Jun 2026	Company’s own	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	13 May 2025	Company’s own	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	27 Jun 2024	Company’s own	e-Äriregister
2022	1 Jul 2021 – 31 Dec 2022	29 Jun 2023	Company’s own	e-Äriregister

Board

Tarmo Korela
Board member · since 1 Jul 2021

Right of representation

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

Owners

L9 Capital Management OÜ
Legal person · 16493499 · 2 266 €

74.16%
Sundog Ventures OÜ
Legal person · 16261429 · 234 €

7.67%
JLC OÜ
Legal person · 11429479 · 76 €

2.50%
Kure Capital OÜ
Legal person · 16292708 · 76 €

2.50%
Shuhari OÜ
Legal person · 14826465 · 76 €

2.50%
Backing Services OÜ
Legal person · 16056652 · 51 €

1.67%
Mordor Management OÜ
Legal person · 14166520 · 51 €

1.67%
OÜ Black Box
Legal person · 11432139 · 42 €

1.39%
Usaldusfond Wise Guys Ventures Fond 2
Legal person · 16339953 · 42 €

1.37%
OÜ Susilaane
Legal person · 14247164 · 38 €

1.25%
Marpaka Holding OÜ
Legal person · 16689067 · 25 €

0.83%
Osaühing AKRON
Legal person · 10520462 · 25 €

0.83%
Morph Capital V A/S
Legal person · 24 €

0.80%
Rochna Invest OÜ
Legal person · 16154403 · 19 €

0.61%
Kruustük Investments OÜ
Legal person · 14682629 · 8 €

0.25%

Owner in

Sundog Ventures OÜ
7.67%

Beneficial owners

Tarmo Korela
Direct ownership · since 1 Jul 2021

Founders and other persons

Tarmo Korela
Founder · 2 500 € · 1 Jul 2021

shared board members, owners or beneficial owners

Activities (EMTAK)

47911Intermediation service activities for non-specialised retail sale Main
62101Computer programming activities

Rulings 11

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50177335 / 8 21 Aug 2025	Amendment entry		In force 21 Aug 2025	PDF
Ä 50177335 / 7 28 Feb 2025	Amendment entry		In force 28 Feb 2025	PDF
Ä 50177335 / 6 14 Feb 2025	Division entry (second, constitutive)		In force 14 Feb 2025	PDF
Ä 50177335 / 5 4 Dec 2024	Amendment entry		In force 4 Dec 2024	PDF
Ä 50177335 / 4 12 Sep 2024	Amendment entry		In force 12 Sep 2024	PDF
Ä 50177335 / 3 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 50177335 / 2 7 Jul 2022	Amendment entry		In force 7 Jul 2022	PDF
Ä 50177335 / M3 4 Jul 2022	Ruling to eliminate deficiencies	3 Aug 2022	Deficiencies eliminated 7 Jul 2022	PDF
Ä 50177335 / M2 29 Jun 2022	Ruling to eliminate deficiencies	29 Jul 2022	Deficiencies eliminated 7 Jul 2022	PDF
Ä 50177335 / M1 17 Jun 2022	Ruling to eliminate deficiencies	17 Jul 2022	Deficiencies eliminated 7 Jul 2022	PDF
Ä 50177335 1 Jul 2021	First entry		In force 1 Jul 2021	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

Sundog Ventures OÜ

Position in the industry Retail trade · EMTAK 47

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 11