Rafael Algoresearch OÜ

Active Registry code 16365318 OÜ Tallinn Registered 12 Nov 2021
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Rafael Algoresearch OÜ is a OÜ based in Tallinn, registry code 16365318, status: active. Main activity: Other software publishing. According to EMTA, turnover for Q3 2026 was €241 675 with employees.

Turnover
241 675 €
↓ 24.4% vs Q2 2026
State taxes
—
Labour taxes
—
Employees
—

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

Position in the industry Publishing activities · EMTAK 58

  • Turnover · Q3 2026 241 675 €
    industry median 9 319 € · companies in the industry: 766
  • Revenue · 2025 707 770 €
    industry median 5 175 € · companies in the industry: 1 328
  • Net profit margin · 2025 -17.4 %
    industry median 4.4 % · companies in the industry: 825

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 241 675 € · −24.4% vs Q2 2026 · industry median 9 319 € · above 89% of the industry
0100200300400500Q4 2023 Company: 135 267 € Industry median: 13 258 €Q4·23Q1 2024 Company: 85 846 € Industry median: 14 046 €Q2 2024 Company: 275 238 € Industry median: 11 785 €Q2·24Q3 2024 Company: 346 291 € Industry median: 13 362 €Q4 2024 Company: 395 542 € Industry median: 14 000 €Q4·24Q1 2025 Company: 352 387 € Industry median: 14 441 €Q2 2025 Company: 235 397 € Industry median: 12 185 €Q2·25Q3 2025 Company: 473 520 € Industry median: 11 095 €Q4 2025 Company: 274 606 € Industry median: 11 709 €Q4·25Q1 2026 Company: 326 061 € Industry median: 10 933 €Q2 2026 Company: 319 867 € Industry median: 9 774 €Q2·26Q3 2026 Company: 241 675 € Industry median: 9 319 €Q3·260100200300400500Q4 2024 Company: 395 542 € Industry median: 14 000 €Q1 2025 Company: 352 387 € Industry median: 14 441 €Q1·25Q2 2025 Company: 235 397 € Industry median: 12 185 €Q3 2025 Company: 473 520 € Industry median: 11 095 €Q3·25Q4 2025 Company: 274 606 € Industry median: 11 709 €Q1 2026 Company: 326 061 € Industry median: 10 933 €Q1·26Q2 2026 Company: 319 867 € Industry median: 9 774 €Q3 2026 Company: 241 675 € Industry median: 9 319 €Q3·26
  • Company
  • Industry median

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

State taxes, € Q1 2026: 56 €
0100200300400500Q4 2023 Company: —Q4·23Q1 2024 Company: —Q2 2024 Company: 0 €Q2·24Q3 2024 Company: 0 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: —Q2 2025 Company: 459 €Q2·25Q3 2025 Company: 32 €Q4 2025 Company: —Q4·25Q1 2026 Company: 56 €Q2 2026 Company: —Q2·26Q3 2026 Company: —Q3·260100200300400500Q4 2024 Company: 0 €Q1 2025 Company: —Q1·25Q2 2025 Company: 459 €Q3 2025 Company: 32 €Q3·25Q4 2025 Company: —Q1 2026 Company: 56 €Q1·26Q2 2026 Company: —Q3 2026 Company: —Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 241 675 — — —
Q2 2026 319 867 — — —
Q1 2026 326 061 56 — —
Q4 2025 274 606 — — —
Q3 2025 473 520 32 — —
Q2 2025 235 397 459 — —
Q1 2025 352 387 — — —
Q4 2024 395 542 — — —
Q3 2024 346 291 — — —
Q2 2024 275 238 — — —
Q1 2024 85 846 — — —
Q4 2023 135 267 — — —
Q3 2023 79 236 — — —
Q2 2023 27 747 — — —
Q1 2023 102 264 — — —
Q4 2022 55 591 — — —
Q3 2022 11 679 — — —
Q2 2022 53 410 — — —
Q1 2022 10 950 — — —

Financials by year

2022 – 2025
Revenue, € thousand 2025: 707 770 € · +3.1% vs 2024 · industry median 5 175 € · above 98% of the industry
02004006008002022 Company: 157 314 € Industry median: 8 375 €20222023 Company: 326 647 € Industry median: 7 880 €20232024 Company: 686 287 € Industry median: 5 831 €20242025 Company: 707 770 € Industry median: 5 175 €202502004006008002022 Company: 157 314 € Industry median: 8 375 €2023 Company: 326 647 € Industry median: 7 880 €20232024 Company: 686 287 € Industry median: 5 831 €2025 Company: 707 770 € Industry median: 5 175 €2025
  • Company
  • Industry median

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

Net profit, € thousand 2025: -123 492 € · −292.0% vs 2024 · industry median 0 € · above 2% of the industry
-150-100-500501002022 Company: 74 219 € Industry median: 5 €20222023 Company: 15 766 € Industry median: 0 €20232024 Company: 64 309 € Industry median: 0 €20242025 Company: -123 492 € Industry median: 0 €2025-150-100-500501002022 Company: 74 219 € Industry median: 5 €2023 Company: 15 766 € Industry median: 0 €20232024 Company: 64 309 € Industry median: 0 €2025 Company: -123 492 € Industry median: 0 €2025
  • 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: -17.4 % · −26.8 pp vs the year before · industry median 4.4 % · above 20% of the industry
-2002040602022 Company: 47.2 % Industry median: 7.6 %20222023 Company: 4.8 % Industry median: 6.4 %20232024 Company: 9.4 % Industry median: 5.9 %20242025 Company: -17.4 % Industry median: 4.4 %2025-2002040602022 Company: 47.2 % Industry median: 7.6 %2023 Company: 4.8 % Industry median: 6.4 %20232024 Company: 9.4 % Industry median: 5.9 %2025 Company: -17.4 % Industry median: 4.4 %2025
  • 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: 79 473 € · −51.4% vs 2024
0501001502002022 Company: 78 037 €20222023 Company: 91 498 €20232024 Company: 163 459 €20242025 Company: 79 473 €20250501001502002022 Company: 78 037 €2023 Company: 91 498 €20232024 Company: 163 459 €2025 Company: 79 473 €2025
Equity, € thousand 2025: 30 803 € · −80.0% vs 2024
0501001502002022 Company: 74 219 €20222023 Company: 89 986 €20232024 Company: 154 295 €20242025 Company: 30 803 €20250501001502002022 Company: 74 219 €2023 Company: 89 986 €20232024 Company: 154 295 €2025 Company: 30 803 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 Industry median: 12025
  • 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 707 770 -123 492 0 79 473 30 803 0
2024 686 287 64 309 0 163 459 154 295 0
2023 326 647 15 766 0 91 498 89 986 0
2022 157 314 74 219 0 78 037 74 219 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
-17.4 %
Net profit / revenue
Return on equity (ROE)
-400.9 %
Net profit / equity
Return on assets (ROA)
-155.4 %
Net profit / assets
Equity ratio
38.8 %
Equity / assets
Debt ratio
61.2 %
Liabilities / assets
Current ratio
1.29
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 12 Jun 2026 Company’s own e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 4 Jul 2025 Company’s own e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 17 Jul 2024 Company’s own e-Äriregister
2022 12 Nov 2021 – 31 Dec 2022 7 Jun 2023 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)

  • 58291Other software publishing Main
Rulings
Number, date Title Deadline State Document
Ä 50188369 / 3
1 Sep 2023
Amendment entry In force
1 Sep 2023
PDF
Ä 50188369 / 2
3 May 2023
Amendment entry In force
3 May 2023
PDF
Ä 50188369
12 Nov 2021
First entry In force
12 Nov 2021
PDF

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