Tieto Banktech Estonia OÜ

Active Registry code 16728732 OÜ Tallinn Registered 2 May 2023

Tieto Banktech Estonia OÜ is a OÜ based in Tallinn, registry code 16728732, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €1 011 021 with 21 employees.

Turnover

1 011 021 €

↓ 3.6% vs Q2 2026

State taxes

210 400 €

↓ 38.4% vs Q2 2026

Labour taxes

165 582 €

↓ 1.1% 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 1 mn €

above 98% of companies

industry median 19 078 € · companies in the industry: 7 345
Labour taxes per employee 7 885 €

above 90% of companies

industry median 2 345 € · companies in the industry: 2 783
Revenue · 2025 2.7 mn €

above 98% of companies

industry median 14 309 € · companies in the industry: 13 336
Net profit margin · 2025 10.1 %

above 44% of companies

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

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 1 011 021 € · −3.6% vs Q2 2026 · industry median 19 078 € · 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.

Labour taxes per employee, € Q3 2026: 7 885 € · −1.1% 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: 21 · +0.0% vs Q2 2026

State taxes, € thousand Q3 2026: 210 400 € · −38.4% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	1 011 021	210 400	165 582	21
Q2 2026	1 048 565	341 464	167 436	21
Q1 2026	874 241	175 963	149 489	21
Q4 2025	868 964	169 388	158 372	19
Q3 2025	881 544	234 743	145 353	20
Q2 2025	829 124	161 545	149 870	19
Q1 2025	779 667	161 557	141 942	19
Q4 2024	843 715	250 743	124 540	20
Q3 2024	894 146	153 446	133 256	18
Q2 2024	862 819	142 222	128 498	19
Q1 2024	714 231	140 103	119 080	18
Q4 2023	999 359	124 577	106 837	18
Q3 2023	746 058	121 849	102 105	19
Q2 2023	241 663	10 645	74	16
Q1 2023	—	—	—	17
Q4 2022	—	—	—	16
Q3 2022	—	—	—	15
Q2 2022	—	—	—	14
Q1 2022	—	—	—	13

Labour taxes per employee per month

2 628 €

Turnover per employee in the quarter

48 144 €

Q3 2026 · calculated from EMTA data

Financials by year

2023 – 2025

Revenue, € thousand 2025: 2 720 511 € · +2.8% vs 2024 · industry median 14 309 € · 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.

Net profit, € thousand 2025: 273 678 € · −32.6% vs 2024 · industry median 106 € · 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.

Net profit margin, % 2025: 10.1 % · −5.3 pp vs the year before · industry median 15.1 % · above 44% 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: 1 419 023 € · +5.5% vs 2024

Equity, € thousand 2025: 728 737 € · −0.0% vs 2024

Employees 2025: 20 · +11.1% vs 2024 · industry median 1 · 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.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	2 720 511	273 678	1 402 466	1 419 023	728 737	20
2024	2 645 159	405 758	1 234 042	1 345 399	728 827	18
2023	1 746 367	443 691	686 682	1 143 252	766 258	18

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

10.1 %

Net profit / revenue

Return on equity (ROE)

37.6 %

Net profit / equity

Return on assets (ROA)

19.3 %

Net profit / assets

Equity ratio

51.4 %

Equity / assets

Debt ratio

48.6 %

Liabilities / assets

Current ratio

2.05

Current assets / current liabilities

Revenue per employee

136 026 €

Revenue / average full-time employees

Labour cost per employee per month

5 844 €

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	6 Mar 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	17 Jun 2025	Company’s own · audited	e-Äriregister
2023	2 May 2023 – 31 Dec 2023	13 Aug 2024	Company’s own · audited	e-Äriregister

Board

Hipp Gustavson
Board member · since 2 May 2023
Nasdaq CSD SE
Keeper of the share register · since 23 Aug 2023

Right of representation

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

Owners

Esindajakonto: BNP Paribas SA PAR/CLIENT ASSETS
Legal person · 10 000 €

100%

Beneficial owners

Inger Anne Folkestad Tornes
Member of a senior management body (management or supervisory board) · NOR · since 8 May 2026
Niina Susanna Levo
Member of a senior management body (management or supervisory board) · FIN · since 7 May 2025
Hipp Gustavson
Member of a senior management body (management or supervisory board) · since 2 May 2023
Pasi Kalevi Mauno
Member of a senior management body (management or supervisory board) · FIN · since 2 May 2023

Founders and other persons

Tietoevry Estonia AS
Founder · 10 000 € · 2 May 2023
Audit & Consult OÜ
Audit firm · 30 Jan 2025
- Pasi Kalevi Mauno
Chairman of the supervisory board · 25 Feb 2025
Niina Susanna Levo
Supervisory board member · 21 Feb 2025
Inger Anne Folkestad Tornes
Supervisory board member · 20 Apr 2026

Activities (EMTAK)

62101Computer programming activities Main

Rulings 7

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 50227518 / 6 28 May 2026	Amendment entry		In force 28 May 2026	PDF
Ä 50227518 / 5 11 May 2026	Amendment entry		In force 11 May 2026	PDF
Ä 50227518 / M1 23 Apr 2025	Ruling to correct data outside an entry	7 May 2025	Deficiencies eliminated 29 Apr 2025	PDF
Ä 50227518 / 4 29 Apr 2024	Amendment entry		In force 29 Apr 2024	PDF
Ä 50227518 / 3 23 Aug 2023	Amendment entry		In force 23 Aug 2023	PDF
Ä 50227518 / 2 2 May 2023	Third (informative) division entry		In force 2 May 2023	PDF
Ä 50227518 2 May 2023	First (declaratory) division entry (card of the new company)		In force 2 May 2023	PDF

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