FlowstepDesign OÜ

Active Registry code 16706771 OÜ Tallinn Registered 30 Mar 2023

FlowstepDesign OÜ is a OÜ based in Tallinn, registry code 16706771, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €301 102 with 1 employees.

Turnover

301 102 €

↑ 31.8% vs Q2 2026

State taxes

32 017 €

↓ 2.6% vs Q2 2026

Labour taxes

34 339 €

↓ 2.3% vs Q2 2026

Employees

−2 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 301 102 €

above 91% of companies

industry median 19 089 € · companies in the industry: 7 346
Labour taxes per employee 34 339 €

above 98% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 442 €

above 30% of companies

industry median 14 304 € · companies in the industry: 13 343

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 301 102 € · +31.8% vs Q2 2026 · industry median 19 089 € · above 91% 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: 34 339 € · +193.2% vs Q2 2026 · industry median 2 345 € · above 98% 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 · −66.7% vs Q2 2026

State taxes, € Q3 2026: 32 017 € · −2.6% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	301 102	32 017	34 339	1
Q2 2026	228 520	32 856	35 130	3
Q1 2026	169 238	40 572	43 386	3
Q4 2025	112 146	47 302	50 275	4
Q3 2025	112 727	56 019	58 654	4
Q2 2025	82 830	42 654	45 905	5
Q1 2025	16 880	42 494	46 087	4
Q4 2024	15 621	46 924	49 882	4
Q3 2024	5 882	36 081	38 149	5
Q2 2024	3 568	34 242	36 821	5
Q1 2024	4 314	32 915	33 479	4
Q4 2023	20 950	22 691	22 823	—
Q3 2023	2 691	6 676	5 542	—
Q2 2023	2 851	—	—	—

Labour taxes per employee per month

11 446 €

Turnover per employee in the quarter

301 102 €

Q3 2026 · calculated from EMTA data

Financials by year

2023 – 2025

Revenue, € 2025: 442 € · industry median 14 304 € · above 30% 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: -529 291 € · −60.3% vs 2024 · industry median 105 € · 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: 2 071 157 € · −0.2% vs 2024

Equity, € thousand 2025: 1 990 147 € · −1.5% vs 2024

Employees 2025: 4 · +0.0% vs 2024 · industry median 1 · 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.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	442	-529 291	448 032	2 071 157	1 990 147	4
2024	—	-330 275	379 299	2 076 164	2 019 430	4
2023	—	-213 851	130 063	597 354	544 737	2

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

-119 749.1 %

Net profit / revenue

Return on equity (ROE)

-26.6 %

Net profit / equity

Return on assets (ROA)

-25.6 %

Net profit / assets

Equity ratio

96.1 %

Equity / assets

Debt ratio

3.9 %

Liabilities / assets

Current ratio

25.28

Current assets / current liabilities

Revenue per employee

111 €

Revenue / average full-time employees

Labour cost per employee per month

9 334 €

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	30 Jun 2025	Company’s own	e-Äriregister
2023	30 Mar 2023 – 31 Dec 2023	1 Jul 2024	Company’s own	e-Äriregister

Board

Matthew Clannachan
Board member · since 30 Mar 2023
Svyatoslav Polishchuk
Board member · since 4 Jul 2023

Right of representation

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

Owners

Matthew Clannachan
Natural person · 1 137 €

29.97%
Tera Ventures II Usaldusfond
Legal person · 14510443 · 473 €

12.46%
Svyatoslav Polishchuk
Natural person · 384 €

10.13%
FlowstepDesign OÜ
Legal person · 16706771 · 327 €

8.62%
Supernode Global II LP
Legal person · 261 €

6.88%
Usaldusfond Specialist VC Primary and Secondary Fund II
Legal person · 16392077 · 239 €

6.31%
KŪB Iron Wolf Capital Fund II
Legal person · 204 €

5.38%
Kaarel Roben
Natural person · 168 €

4.43%
Adesso ventures GmbH
Legal person · 163 €

4.30%
Sami Antero Nieminen
Natural person · 143 €

3.76%
EstBAN Angels Themisto OÜ
Legal person · 16829781 · 92 €

2.42%
Elias Aalto
Natural person · 46 €

1.21%
Bondora Group AS
Legal person · 14794392 · 46 €

1.21%
Angel Invest Fund II GmbH & Co. KG
Legal person · 41 €

1.08%
Dnipro Fund I, LP
Legal person · 41 €

1.08%
Borzov and Borzova Family Trust
Legal person · 20 €

0.54%
Kilp Capital OÜ
Legal person · 12729143 · 5 €

0.12%
Thomas Wolf
Natural person · 5 €

0.12%

Owner in

FlowstepDesign OÜ
8.62%

Beneficial owners

Matthew Clannachan
Direct ownership · since 30 Mar 2023

Founders and other persons

Kaarel Roben
Founder · 0 € · 30 Mar 2023
Matthew Clannachan
Founder · 1 € · 30 Mar 2023
Nikita Uans
Founder · 0 € · 30 Mar 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

62101Computer programming activities Main

Rulings 19

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50225154 / 16 16 Mar 2026	Amendment entry		In force 16 Mar 2026	PDF
Ä 50225154 / 15 16 Mar 2026	Amendment entry		In force 16 Mar 2026	PDF
Ä 50225154 / 14 3 Sep 2025	Amendment under Code of Civil Procedure § 595¹ (1)		In force 3 Sep 2025	PDF
Ä 50225154 / 13 15 Jul 2025	Amendment entry		In force 15 Jul 2025	PDF
Ä 50225154 / M3 9 Jul 2025	Ruling to eliminate deficiencies	24 Jul 2025	Deficiencies eliminated 15 Jul 2025	PDF
Ä 50225154 / 12 28 Apr 2025	Amendment entry		In force 28 Apr 2025	PDF
Ä 50225154 / 11 18 Oct 2024	Amendment entry		In force 18 Oct 2024	PDF
Ä 50225154 / 10 13 Feb 2024	Amendment entry		In force 13 Feb 2024	PDF
Ä 50225154 / M2 12 Feb 2024	Ruling to eliminate deficiencies		Deficiencies eliminated 13 Feb 2024	PDF
Ä 50225154 / 9 3 Jan 2024	Amendment entry		In force 3 Jan 2024	PDF
Ä 50225154 / 8 7 Dec 2023	Amendment entry		In force 7 Dec 2023	PDF
Ä 50225154 / M1 29 Nov 2023	Ruling to eliminate deficiencies	26 Dec 2023	Deficiencies eliminated 3 Jan 2024	PDF
Ä 50225154 / 7 8 Nov 2023	Amendment entry		In force 8 Nov 2023	PDF
Ä 50225154 / 6 2 Sep 2023	Amendment entry		In force 2 Sep 2023	PDF
Ä 50225154 / 5 30 Aug 2023	Amendment entry		In force 30 Aug 2023	PDF
Ä 50225154 / 4 4 Jul 2023	Amendment entry		In force 4 Jul 2023	PDF
Ä 50225154 / 3 14 Jun 2023	Amendment entry		In force 14 Jun 2023	PDF
Ä 50225154 / 2 13 Jun 2023	Amendment entry		In force 13 Jun 2023	PDF
Ä 50225154 30 Mar 2023	First entry		In force 30 Mar 2023	PDF

Sources: e-Äriregister and EMTA. Data updated 28 Oct 2026. Open at the source ↗ · Report an error in the data

FlowstepDesign OÜ

Position in the industry Computer programming, consultancy and related activities · EMTAK 62

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 19