Frozen Lake Studios OÜ

Active Registry code 16965142 OÜ Tallinn Registered 12 Apr 2024
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Frozen Lake Studios OÜ is a OÜ based in Tallinn, registry code 16965142, status: active. Main activity: Publishing of video games. According to EMTA, turnover for Q3 2026 was €96 774 with 2 employees.

Turnover
96 774 €
↑ 171.0% vs Q2 2026
State taxes
873 €
↓ 76.4% vs Q2 2026
Labour taxes
962 €
↓ 74.9% vs Q2 2026
Employees
2
±0 vs Q2 2026

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

Position in the industry Publishing activities · EMTAK 58

  • Turnover · Q3 2026 96 774 €
    industry median 9 319 € · companies in the industry: 766
  • Labour taxes per employee 481 €
    industry median 2 036 € · companies in the industry: 224
  • Revenue · 2025 604 901 €
    industry median 5 175 € · companies in the industry: 1 328
  • Net profit margin · 2025 -1.9 %
    industry median 4.4 % · companies in the industry: 825

Taxes and turnover

Q2 2024 – Q3 2026
Turnover, € thousand Q3 2026: 96 774 € · +171.0% vs Q2 2026 · industry median 9 319 € · above 82% of the industry
0100200300400Q2 2024 Company: 6 000 € Industry median: 11 785 €Q2·24Q3 2024 Company: 96 447 € Industry median: 13 362 €Q3·24Q4 2024 Company: 222 469 € Industry median: 14 000 €Q4·24Q1 2025 Company: 242 806 € Industry median: 14 441 €Q1·25Q2 2025 Company: 308 414 € Industry median: 12 185 €Q2·25Q3 2025 Company: 147 193 € Industry median: 11 095 €Q3·25Q4 2025 Company: 136 116 € Industry median: 11 709 €Q4·25Q1 2026 Company: 111 667 € Industry median: 10 933 €Q1·26Q2 2026 Company: 35 706 € Industry median: 9 774 €Q2·26Q3 2026 Company: 96 774 € Industry median: 9 319 €Q3·260100200300400Q4 2024 Company: 222 469 € Industry median: 14 000 €Q1 2025 Company: 242 806 € Industry median: 14 441 €Q1·25Q2 2025 Company: 308 414 € Industry median: 12 185 €Q3 2025 Company: 147 193 € Industry median: 11 095 €Q3·25Q4 2025 Company: 136 116 € Industry median: 11 709 €Q1 2026 Company: 111 667 € Industry median: 10 933 €Q1·26Q2 2026 Company: 35 706 € Industry median: 9 774 €Q3 2026 Company: 96 774 € 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.

Labour taxes per employee, € Q3 2026: 481 € · −74.9% vs Q2 2026 · industry median 2 036 € · above 12% of the industry
02 0004 0006 000Q2 2024 Company: — Industry median: 1 809 €Q2·24Q3 2024 Company: 138 € Industry median: 1 815 €Q3·24Q4 2024 Company: 1 971 € Industry median: 1 862 €Q4·24Q1 2025 Company: 1 237 € Industry median: 1 900 €Q1·25Q2 2025 Company: 1 677 € Industry median: 2 000 €Q2·25Q3 2025 Company: 1 369 € Industry median: 1 931 €Q3·25Q4 2025 Company: 3 873 € Industry median: 2 120 €Q4·25Q1 2026 Company: 5 295 € Industry median: 1 990 €Q1·26Q2 2026 Company: 1 916 € Industry median: 1 943 €Q2·26Q3 2026 Company: 481 € Industry median: 2 036 €Q3·2602 0004 0006 000Q4 2024 Company: 1 971 € Industry median: 1 862 €Q1 2025 Company: 1 237 € Industry median: 1 900 €Q1·25Q2 2025 Company: 1 677 € Industry median: 2 000 €Q3 2025 Company: 1 369 € Industry median: 1 931 €Q3·25Q4 2025 Company: 3 873 € Industry median: 2 120 €Q1 2026 Company: 5 295 € Industry median: 1 990 €Q1·26Q2 2026 Company: 1 916 € Industry median: 1 943 €Q3 2026 Company: 481 € Industry median: 2 036 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 2 · +0.0% vs Q2 2026
02468Q2 2024 Company: 1Q2·24Q3 2024 Company: 5Q3·24Q4 2024 Company: 5Q4·24Q1 2025 Company: 5Q1·25Q2 2025 Company: 6Q2·25Q3 2025 Company: 7Q3·25Q4 2025 Company: 4Q4·25Q1 2026 Company: 2Q1·26Q2 2026 Company: 2Q2·26Q3 2026 Company: 2Q3·2602468Q4 2024 Company: 5Q1 2025 Company: 5Q1·25Q2 2025 Company: 6Q3 2025 Company: 7Q3·25Q4 2025 Company: 4Q1 2026 Company: 2Q1·26Q2 2026 Company: 2Q3 2026 Company: 2Q3·26
State taxes, € Q3 2026: 873 € · −76.4% vs Q2 2026
05 00010 00015 000Q2 2024 Company: —Q2·24Q3 2024 Company: 660 €Q3·24Q4 2024 Company: 9 199 €Q4·24Q1 2025 Company: 5 463 €Q1·25Q2 2025 Company: 9 314 €Q2·25Q3 2025 Company: 8 992 €Q3·25Q4 2025 Company: 14 257 €Q4·25Q1 2026 Company: 10 103 €Q1·26Q2 2026 Company: 3 707 €Q2·26Q3 2026 Company: 873 €Q3·2605 00010 00015 000Q4 2024 Company: 9 199 €Q1 2025 Company: 5 463 €Q1·25Q2 2025 Company: 9 314 €Q3 2025 Company: 8 992 €Q3·25Q4 2025 Company: 14 257 €Q1 2026 Company: 10 103 €Q1·26Q2 2026 Company: 3 707 €Q3 2026 Company: 873 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 96 774 873 962 2
Q2 2026 35 706 3 707 3 832 2
Q1 2026 111 667 10 103 10 590 2
Q4 2025 136 116 14 257 15 490 4
Q3 2025 147 193 8 992 9 582 7
Q2 2025 308 414 9 314 10 060 6
Q1 2025 242 806 5 463 6 187 5
Q4 2024 222 469 9 199 9 857 5
Q3 2024 96 447 660 690 5
Q2 2024 6 000 — — 1
Labour taxes per employee per month
160 €
Turnover per employee in the quarter
48 387 €

Q3 2026 · calculated from EMTA data

Financials by year

2024 – 2025
Revenue, € thousand 2025: 604 901 € · +97.3% vs 2024 · industry median 5 175 € · above 94% of the industry
02004006008002024 Company: 306 598 € Industry median: 5 831 €20242025 Company: 604 901 € Industry median: 5 175 €202502004006008002024 Company: 306 598 € Industry median: 5 831 €2025 Company: 604 901 € 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, € 2025: -11 225 € · −212.5% vs 2024 · industry median 0 € · above 11% of the industry
-15 000-10 000-5 00005 00010 0002024 Company: 9 978 € Industry median: 0 €20242025 Company: -11 225 € Industry median: 0 €2025-15 000-10 000-5 00005 00010 0002024 Company: 9 978 € Industry median: 0 €2025 Company: -11 225 € 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: -1.9 % · −5.1 pp vs the year before · industry median 4.4 % · above 33% of the industry
-202462024 Company: 3.3 % Industry median: 5.9 %20242025 Company: -1.9 % Industry median: 4.4 %2025-202462024 Company: 3.3 % Industry median: 5.9 %2025 Company: -1.9 % 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: 118 860 € · +141.7% vs 2024
02550751001252024 Company: 49 171 €20242025 Company: 118 860 €202502550751001252024 Company: 49 171 €2025 Company: 118 860 €2025
Equity, € 2025: 4 853 € · −61.1% vs 2024
02 5005 0007 50010 00012 5002024 Company: 12 478 €20242025 Company: 4 853 €202502 5005 0007 50010 00012 5002024 Company: 12 478 €2025 Company: 4 853 €2025
Employees 2025: 4 · −20.0% vs 2024 · industry median 1 · above 80% of the industry
0123452024 Company: 5 Industry median: 120242025 Company: 4 Industry median: 120250123452024 Company: 5 Industry median: 12025 Company: 4 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 604 901 -11 225 134 204 118 860 4 853 4
2024 306 598 9 978 47 627 49 171 12 478 5

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
-1.9 %
Net profit / revenue
Return on equity (ROE)
-231.3 %
Net profit / equity
Return on assets (ROA)
-9.4 %
Net profit / assets
Equity ratio
4.1 %
Equity / assets
Debt ratio
95.9 %
Liabilities / assets
Current ratio
1.01
Current assets / current liabilities
Revenue per employee
151 225 €
Revenue / average full-time employees
Labour cost per employee per month
2 796 €
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 12 Apr 2024 – 31 Dec 2024 23 Apr 2025 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

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 58211Publishing of video games Main
Rulings
Number, date Title Deadline State Document
Ä 50252932 / 7
24 Jul 2026
Amendment entry In force
24 Jul 2026
PDF
Ä 50252932 / M4
23 Jul 2026
Ruling to eliminate deficiencies 22 Aug 2026 Deficiencies eliminated
24 Jul 2026
PDF
Ä 50252932 / 6
2 Mar 2026
Amendment entry In force
2 Mar 2026
PDF
Ä 50252932 / M3
12 Nov 2024
Procedural ruling 17 Dec 2024 Deficiencies eliminated
14 Nov 2024
PDF
Ä 50252932 / 5
18 Oct 2024
Amendment entry In force
18 Oct 2024
PDF
Ä 50252932 / 4
30 Jul 2024
Amendment entry In force
30 Jul 2024
PDF
Ä 50252932 / M2
29 Jul 2024
Ruling to eliminate deficiencies 28 Aug 2024 Deficiencies eliminated
29 Jul 2024
PDF
Ä 50252932 / 3
23 Jul 2024
Amendment entry In force
23 Jul 2024
PDF
Ä 50252932 / 2
23 Jul 2024
Entry refused: deficiencies not eliminated In force
9 Aug 2024
PDF
Ä 50252932 / M1
14 Jun 2024
Ruling to eliminate deficiencies 29 Jun 2024 In force
2 Jul 2024
PDF
Ä 50252932
12 Apr 2024
First entry In force
12 Apr 2024
PDF

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