ETENRU
RegisteredHarju County
Registry code
16265404
VAT number
EE102390663
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Ahtri tn 6a-23, 10151
Registered
07.07.2021 · 5 yrs
Activity
Programmeerimine 62101
Capital
10 000 €
Email
m•••@s•••.comLog in to see
Website
www.stiltsoft.com from email
Business Register 06.10.2026
Sales revenue25,2 m €+1%2025 annual report
Profit7,4 m €2025 annual report
Employees19Tax Board 2026 Q2
Average gross salary4 077 €estimate, Tax Board 2026 Q2
Labour taxes per quarter119 k €Tax Board 2026 Q2
Cash12,0 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months24,6 m €-3%Tax Board, last 4 quarters
State taxes 12 months8,9 m €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 4,7 mln €
5,1 M6,0 M8,0 M6,3 M5,8 M6,2 M7,9 M4,7 M
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
AAA
Excellent, very low risk
96 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 06.10.2026 · open data
Quick check
  • No tax debt
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingAAA since 26.09.2026
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 3% vs a year earlier
Email right away on tax debt, bankruptcy or board change
Add the rating badge to your website

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Data

Board and owners

2 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Maksim Kuzmich2 companiesno tax debtPersonal ID ↗06.08.2021
Other persons 1
Magrat Baltic OÜ65 companiesno tax debtKontaktisikPersonal ID ↗03.03.2026
Shareholders 2
MILCHA CAPITAL LTD50,0% 5 000 €11.07.2025
Maksim Kuzmich50,0% 5 000 €27.11.2023
Beneficial owners 2
Aliaksandr Kuzniatsoukaudne osalus14.07.2025
Maksim Kuzmich2 companiesno tax debtdirect holding06.08.2021

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue2,3%
Labour taxes / revenue2,5%
Revenue per employee per month82 858 €
Gross salary (estimate)4 077 €
Net salary (estimate)3 219 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q24 722 921 €▼ 25%118 510 €108 037 €19
2026 Q17 881 172 €▼ 2%111 636 €109 722 €17
2025 Q46 194 350 €▲ 4%69 050 €3 871 856 €13
2025 Q35 834 786 €▲ 14%146 555 €4 789 362 €13
2025 Q26 326 027 €▲ 2%94 839 €89 660 €15
2025 Q18 039 757 €▲ 0%104 314 €98 502 €14
2024 Q45 977 187 €▲ 14%91 304 €86 461 €13
2024 Q35 134 463 €▲ 10%69 609 €66 245 €13
2024 Q26 223 165 €▲ 48%61 809 €59 528 €10
2024 Q18 030 015 €▲ 36%59 116 €56 040 €11
2023 Q45 235 082 €▲ 37%54 617 €51 771 €10
2023 Q34 674 608 €▲ 56%49 858 €46 879 €10
Show full history (18 quarters)
2023 Q24 207 006 €▲ 76%43 849 €41 584 €10
2023 Q15 916 144 €▲ 3051%33 229 €32 769 €8
2022 Q43 825 237 €28 432 €26 931 €6
2022 Q33 003 645 €29 122 €28 567 €6
2022 Q22 388 186 €21 800 €20 996 €6
2022 Q1187 757 €11 886 €11 250 €5

Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0

Annual reports

5 yr
Build report

20252024202320222021
Sales revenue25,2 m €▲ 1%24,9 m €▲ 26%19,7 m €▲ 76%11,2 m €▲ 174×64 311 €
Profit7,4 m €▼ 72%26,2 m €▲ 52%17,3 m €▲ 63%10,6 m €▲ 419×25 399 €
Profit margin29,3%105,3%87,7%95,2%39,5%
Retained earnings24,4 m €▼ 13%28,2 m €▲ 159%10,9 m €▲ 428×25 399 €0 €
Cash12,0 m €▼ 77%51,9 m €▲ 100%25,9 m €▲ 58×446 k €▲ 12×36 664 €
Current assets32,1 m €▼ 41%54,6 m €▲ 93%28,3 m €▲ 160%10,9 m €▲ 264×41 141 €
Fixed assets68 470 €▼ 19%84 056 €▼ 21%107 k €▲ 17%91 676 €—
Assets32,2 m €▼ 41%54,7 m €▲ 93%28,4 m €▲ 159%11,0 m €▲ 266×41 141 €
Current liabilities377 k €▲ 50%252 k €▲ 34%188 k €▼ 36%295 k €▲ 19×15 742 €
Total liabilities377 k €▲ 50%252 k €▲ 34%188 k €▼ 36%295 k €▲ 19×15 742 €
Equity31,8 m €▼ 42%54,4 m €▲ 93%28,2 m €▲ 164%10,7 m €▲ 420×25 399 €
Labour costs-942 k €▼ 27%-742 k €▼ 66%-448 k €▼ 190%-155 k €▼ 421%-29 716 €
Employees15▲ 25%12▲ 33%9▲ 50%6▲ 100%3
Filed25.06.202626.06.202530.06.202429.06.202331.05.2022
ReportPDF ↓PDF ↓PDF ↓PDF ↓PDF ↓

▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0

Revenue by activity

2025
ActivityEMTAKSales revenueOsa
Programmeerimine main activity6210125 212 233 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

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Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Debts and court cases

clean
No tax debt · Tax Board 06.10.2026

Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.

Enforcement, payment orders and notices

clean

Official Announcements contain no enforcement, payment order or tax authority notices about the company.

Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.

State: transactions, tenders, grants

1 440 € makseid

Transactions with state institutions

20261 440 €

Largest payers

Eesti Töötukassa1 440 €
All payments by month
MonthPayerTypeFieldAmount
05.2026Eesti TöötukassaOperating costsSocial protection of the unemployed1 440 €

Riigi Tugiteenuste Keskus, Saldo makseandmikud

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

60
Eurasia International OÜMagrat Baltic OÜ16,2 m €AAASkull Shaver Estonia OÜMagrat Baltic OÜ7,2 m €ATeamDev Management OÜMagrat Baltic OÜ6,6 m €AAHacken OÜMagrat Baltic OÜ5,3 m €AARalabs OÜMagrat Baltic OÜ4,7 m €AAAInverell OÜMagrat Baltic OÜ3,3 m €AAATrinetix Digital Europe OÜMagrat Baltic OÜ3,1 m €AANademode OÜMagrat Baltic OÜ2,0 m €AAASnowlight Ventures OÜMagrat Baltic OÜ1,0 m €AAANAAFI Estonia OÜMagrat Baltic OÜ900 k €CENGIMEN OÜMagrat Baltic OÜ437 k €AAPolyimpex Group OÜMagrat Baltic OÜ398 k €AAJappware OÜMagrat Baltic OÜ388 k €AANextcomm Agency OÜMagrat Baltic OÜ364 k €AAEvocomp OÜMagrat Baltic OÜ292 k €AMaryBraun OÜMagrat Baltic OÜ192 k €AASonas Labs OÜMagrat Baltic OÜ126 k €AASEITechie OÜMagrat Baltic OÜ105 k €C139EAST OÜMagrat Baltic OÜ104 k €ADeveloper Friendly OÜMagrat Baltic OÜ94 765 €ANeobit Tech OÜMagrat Baltic OÜ86 995 €AAAlgoCreed OÜMagrat Baltic OÜ80 587 €AImpactScope OÜMagrat Baltic OÜ79 434 €BBBTurners OÜMagrat Baltic OÜ70 145 €BAsel Kalybekova OÜMagrat Baltic OÜ62 997 €ACREOALTO OÜMagrat Baltic OÜ58 851 €ANouveau chemin OÜMagrat Baltic OÜ56 482 €AMushi Lab OÜMagrat Baltic OÜ55 125 €BBBDigital Technologies OÜMagrat Baltic OÜ32 817 €ATechnology World OÜMagrat Baltic OÜ32 610 €AUSPACY OÜMagrat Baltic OÜ22 474 €BBBFairland Consulting OÜMagrat Baltic OÜ17 242 €AWeveCargo OÜMagrat Baltic OÜ12 571 €CKOEXIST OÜMagrat Baltic OÜ9 516 €BBBCotswold EU Cameras Limited OÜMagrat Baltic OÜ5 686 €BBKiCad Europe OÜMagrat Baltic OÜ3 046 €APrivacy Infrastructure Provider OÜMagrat Baltic OÜ1 136 €CAxub Laborid OÜMaksim Kuzmich100 €ADelaySoft OÜMagrat Baltic OÜ32 €BBKrondelli Grupp OÜMagrat Baltic OÜ0 €BBWindEq Supply OÜMagrat Baltic OÜ0 €BBBGAINWEST OÜMagrat Baltic OÜ0 €BBEcomm Europe OÜMagrat Baltic OÜ0 €Salina Capital Partners OÜMagrat Baltic OÜ0 €BBBVyriy Ventures OÜMagrat Baltic OÜ0 €Yazz services OÜMagrat Baltic OÜ0 €MOWADEFENSE OÜMagrat Baltic OÜ0 €BBGeben OÜMagrat Baltic OÜ0 €BBMagnexus OÜMagrat Baltic OÜ0 €BBMindyWorld OÜMagrat Baltic OÜ0 €AAtelier Persopol OÜMagrat Baltic OÜ · Likvideerimisel0 €CLineEaseTech OÜMagrat Baltic OÜ0 €BBYADO MOTORS OÜMagrat Baltic OÜ0 €Advanced International Research & Coordination Center OÜMagrat Baltic OÜ0 €Mifi Advisory OÜMagrat Baltic OÜ0 €Nexlyr OÜMagrat Baltic OÜ0 €Eaty City OÜMagrat Baltic OÜ0 €Maestral Europa OÜMagrat Baltic OÜ0 €PFTDigital OÜMagrat Baltic OÜ0 €BBBCRNO Holdings OÜMagrat Baltic OÜ0 €

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Programmeerimine

20
#CompanyRevenue
1Pipedrive OÜ236,8 m €
2pawaTech OÜ100,6 m €
3Eleks Holding OÜ79,9 m €
4Veriff OÜ78,5 m €
5Nortal AS64,4 m €
6Goldmont OÜ61,2 m €
7osaühing Playtech Estonia54,5 m €
8AKTSIASELTS HELMES46,3 m €
9Spribe OÜ40,4 m €
10Breakwater Technology OÜ31,0 m €
11A2verse OÜ30,8 m €
12Twilio Estonia OÜ29,4 m €
13Stiltsoft Europe OÜ25,2 m €
14Trinidad Wiseman OÜ23,9 m €
15Ridango AS23,0 m €
16Botguard OÜ21,0 m €
17Rush Street Interactive Development Estonia OÜ19,6 m €
18Dream Finance OÜ19,6 m €
19Viseven Europe OÜ18,2 m €
20Toggl OÜ18,0 m €

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Domains

1 records

Domains

DomainSource
stiltsoft.comemail

History and notices

11
DateTypeContent
03.03.2026EntryAmendment entry
22.04.2025EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
06.03.2025EntryAmendment entry
04.03.2025EntryAmendment entry
30.11.2023EntryAmendment entry
15.11.2023EntryAmendment entry
02.09.2023EntryAmendment entry
13.02.2023EntryAmendment entry
03.03.2022EntryMuutmiskanne ÄS § 525 lg 2 alusel
06.08.2021EntryAmendment entry
07.07.2021EntryFirst entry