Tieto Estonia AS

Legal form:: Public limited company
Registry code:: 10137025
VAT no.:: EE100210460
Fiscal-year period:: 01.01 - 31.12
Established:: 27.12.1996 (29 y)
Former business names:: Tieto Eesti AS, Tieto Estonia Aktsiaselts, TietoEnator Eesti Aktsiaselts, Tietoevry Estonia AS, Tietotehdas Finance Eesti Aktsiaselts
Capital:: 25 077 EUR
Address:: A. H. Tammsaare tee 47, Kristiine linnaosa, Tallinn, Harju maakond, 11316
Status:: Registered
LEI code:: 549300YC0E5BLX5MMD02 (expired 17.11.2016)
E-invoice reception:: e-arveldaja

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Contacts

Phone:: +372 6646207
Email:: estonia@tieto.com
Website:: https://www.tieto.com

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Industries

ELECTRONIC COMMUNICATIONS SERVICES, PROGRAMMING, CONSULTANCY, DATA-INFRASTRUCTURE AND OTHER INFORMATION ACTIVITIES
Computer programming, consultancy and related activities
62101 – Programming

Industry TOPNo. 153 of 4815 companies

1.Pipedrive OÜ385.5M €
2.Dreamersoftware OÜ230M €
3.pawaTech OÜ214.1M €
4.Eleks Holding OÜ165.9M €
5.Veriff OÜ143.7M €
6.Nortal AS121.5M €
7.Spribe OÜ85.7M €
8.Botguard OÜ68.7M €
9.Goldmont OÜ60.5M €
10.AKTSIASELTS HELMES59.3M €

153.Tieto Estonia AS4.1M €

Main activity 62101 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100210460	01.03.1995	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	15.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	08.07.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	01.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	03.07.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	04.08.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	07.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	14.05.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	30.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	21.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	25.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	27.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	19.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	10.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	19.03.2012	Valid	PDF
2009	01.01.2009 – 31.12.2009	13.12.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	10.07.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	11.04.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	20.04.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	29.06.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	12.07.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	02.06.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	13.06.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	13.05.2002	Valid	PDF
2000	01.01.2000 – 31.12.2000	21.03.2001	Valid	PDF

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Tax debt Reports Declarations Court decisions1 Official announcements5 TTJA decisions–Real estate–.ee domains3 Licenses–Regulations42 Public transactions2061 Grants3 State aid12 Public procurement237 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	457 230 €	238 742 €	1,28 M €−0,5%	40
2026 Q2	465 696 €	249 385 €	1,29 M €+72,7%	40
2026 Q1	335 071 €	249 226 €	744 681 €−0,5%	41
Total 2026:	1,26 M €	737 353 €	3,31 M €
2025 Q4	407 600 €	320 390 €	748 253 €−48,0%	40
2025 Q3	545 847 €	312 484 €	1,44 M €+38,9%	44
2025 Q2	525 891 €	399 166 €	1,04 M €−4,0%	45
2025 Q1	456 850 €	327 352 €	1,08 M €+32,1%	52
Total 2025:	1,94 M €	1,36 M €	4,30 M €
2024 Q4	450 745 €	363 189 €	815 971 €−40,2%	52
2024 Q3	568 592 €	359 705 €	1,36 M €+34,4%	56
2024 Q2	484 912 €	366 540 €	1,01 M €−34,7%	57
2024 Q1	560 534 €	347 575 €	1,55 M €−38,8%	58
Total 2024:	2,06 M €	1,44 M €	4,75 M €
2023 Q4	814 022 €	563 221 €	2,54 M €+53,9%	57
2023 Q3	596 515 €	519 149 €	1,65 M €−26,2%	52
2023 Q2	755 502 €	647 242 €	2,24 M €−11,3%	54
2023 Q1	709 124 €	607 661 €	2,52 M €+3,2%	56
Total 2023:	2,88 M €	2,34 M €	8,94 M €
2022 Q4	630 457 €	563 980 €	2,44 M €+4,8%	61
2022 Q3	597 247 €	563 178 €	2,33 M €−0,7%	62
2022 Q2	606 326 €	581 348 €	2,35 M €+4,4%	62
2022 Q1	623 963 €	521 069 €	2,25 M €−23,7%	68
Total 2022:	2,46 M €	2,23 M €	9,37 M €
2021 Q4	1,32 M €	800 312,03 €	2,95 M €+9,7%	112
2021 Q3	861 664,54 €	858 005,25 €	2,69 M €−27,5%	147
2021 Q2	1,05 M €	1,07 M €	3,71 M €−2,8%	186
2021 Q1	1,10 M €	1,04 M €	3,81 M €+2,5%	246
Total 2021:	4,34 M €	3,77 M €	13,2 M €
2020 Q4	1,22 M €	1,14 M €	3,72 M €−12,9%	282
2020 Q3	1,10 M €	1,11 M €	4,27 M €−21,6%	315
2020 Q2	1,16 M €	1,12 M €	5,45 M €+9,4%	309
2020 Q1	1,13 M €	1,12 M €	4,98 M €+7,5%	306
Total 2020:	4,62 M €	4,49 M €	18,4 M €
2019 Q4	1,05 M €	1,04 M €	4,64 M €+7,7%	307
2019 Q3	1,26 M €	1,08 M €	4,31 M €−18,2%	333
2019 Q2	1,08 M €	1,07 M €	5,26 M €+8,2%	288
2019 Q1	1,12 M €	1,01 M €	4,86 M €+1,5%	300
Total 2019:	4,51 M €	4,20 M €	19,1 M €
2018 Q4	1,03 M €	1,00 M €	4,79 M €+8,6%	310
2018 Q3	944 453 €	950 888 €	4,41 M €−1,9%	312
2018 Q2	975 805 €	1,00 M €	4,49 M €+5,3%	310
2018 Q1	911 145 €	913 969 €	4,27 M €−15,4%	290
Total 2018:	3,86 M €	3,87 M €	18,0 M €
2017 Q4	954 948 €	942 301 €	5,05 M €+3,2%	286
2017 Q3	1,02 M €	944 287 €	4,89 M €+1,0%	310
2017 Q2	970 810 €	914 949 €	4,84 M €+18,9%	292
2017 Q1	834 057 €	842 249 €	4,07 M €+19,5%	281
Total 2017:	3,78 M €	3,64 M €	18,9 M €
2016 Q4	867 648 €	795 092 €	3,41 M €+6,8%	231
2016 Q3	709 393 €	744 517 €	3,19 M €+11,9%	231
2016 Q2	666 908 €	665 590 €	2,85 M €+25,4%	231
2016 Q1	634 610 €	530 778 €	2,27 M €−14,9%	231
Total 2016:	2,88 M €	2,74 M €	11,7 M €
2015 Q4	511 304 €	511 053 €	2,67 M €+15,6%	145
2015 Q3	452 664 €	441 929 €	2,31 M €+11,2%	145
2015 Q2	384 249 €	397 591 €	2,08 M €+23,6%	145
2015 Q1	425 021 €	321 665 €	1,68 M €	145
Total 2015:	1,77 M €	1,67 M €	8,75 M €

Revenue by industry

	2023	2024	2025
Programming	7 118 666 €	4 041 217 €	3 765 208 €

Tax debts

No tax debt found

No tax debt as of 19.10.2026

Representatives

	Personal ID code
Valērija Vārna	48105XXXXXX	08.05.1981 (45)	Board member	17.11.2025	-
Kenth Hakan Alfons Berg	-	22.02.1980 (46)	Board member	11.03.2025	-
Mikael Erik Thun	-	04.09.1980 (46)	Board member	26.04.2023	-

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Shareholders

	Personal ID code
BNP Paribas SA PAR/CLIENT ASSETS	-	-	Shareholder	25 077 EUR	100,00%	Sole ownership	03.06.2026	-

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Other persons

	Personal ID code
Jacob Løvf Nestande	-	11.06.1986 (40)	Chairman of the supervisory board	27.03.2024	-
Janne Kaarlo Salminen	-	23.01.1964 (62)	Supervisory-board member	16.05.2023	-
Jussi Tapio Tokola	-	25.09.1978 (48)	Supervisory-board member	16.05.2023	-
Aktsiaselts PricewaterhouseCoopers	10142876	30.04.1997 (29)	Audit firm	01.07.2009	-

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Ultimate beneficial owners

	Personal ID code
Jacob Løvf Nestande	-	11.06.1986 (40)	Member of higher governing body (board or supervisory board)	12.06.2024	-
Janne Kaarlo Salminen	-	23.01.1964 (62)	Member of higher governing body (board or supervisory board)	12.06.2024	-
Jussi Tapio Tokola	-	25.09.1978 (48)	Member of higher governing body (board or supervisory board)	12.06.2024	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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2026 Q3

Turnover

Amount: 1 279 936 €
Monthly average: 426 645 €
Per employee: 10 666 €
Equity ratio: 1 701,34%

Labour taxes

Turnover ratio: 18,65%
Tax ratio: 52,21%
Monthly average: 79 581 €
Per employee: 1 990 €

State taxes

Monthly average: 152 410 €
Turnover ratio: 35,72%

Estimated salary

Gross salary: 3 586 €
Net salary: 2 850 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 362 180 €−24,4%	1 802 230 €−33,7%	2 718 640 €+13,8%	2 388 015 €+13,4%	2 106 539 €−72,2%	7 571 492 €+15,9%	6 535 500 €
Non-current assets	316 687 €−29,3%	447 635 €+11,4%	401 853 €−44,5%	724 669 €+57,5%	460 016 €−25,7%	618 896 €−35,3%	955 947 €
Total assets	1 678 867 €−25,4%	2 249 865 €−27,9%	3 120 493 €+0,3%	3 112 684 €+21,3%	2 566 555 €−68,7%	8 190 388 €+9,3%	7 491 447 €
Short-term liabilities	1 518 297 €−8,3%	1 656 139 €−21,8%	2 118 666 €+13,2%	1 871 746 €+7,2%	1 746 503 €−26,9%	2 390 553 €−14,7%	2 801 884 €
Long-term liabilities	140 954 €−17,4%	170 606 €+100,0%	85 324 €−57,5%	200 769 €+129%	87 531 €+89,5%	46 194 €−58,5%	111 271 €
Total liabilities	1 659 251 €−9,2%	1 826 745 €−17,1%	2 203 990 €+6,3%	2 072 515 €+13,0%	1 834 034 €−24,7%	2 436 747 €−16,4%	2 913 155 €
Share or stock capital	25 077 €	25 077 €	25 077 €	25 077 €	25 077 €−99,2%	3 028 659 €+11 977%	25 077 €
Retained earnings	279 993 €−63,8%	773 376 €+34,6%	574 475 €−2,5%	589 394 €−46,6%	1 102 913 €+12,4%	981 583 €+1 199%	75 550 €
Net profit	-403 677 €+18,2%	-493 383 €−348%	198 901 €−35,3%	307 648 €+160%	-513 519 €−132%	1 625 349 €+19,9%	1 356 033 €
Equity	19 616 €−95,4%	423 120 €−53,8%	916 503 €−11,9%	1 040 169 €+42,0%	732 521 €−87,3%	5 753 641 €+25,7%	4 578 292 €
Turnover	3 765 208 €−6,8%	4 041 217 €−43,2%	7 118 666 €−14,0%	8 282 149 €−24,0%	10 892 791 €−32,0%	16 027 502 €−5,0%	16 867 788 €
Profit margin	-10,7%	-12,2%	2,8%	3,7%	-4,7%	10,1%	8,0%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	615 105 €	331 477 €
Liquidity
Current ratio	1,3	1,2
Quick ratio	1,3	1,2
Cash ratio	0,0	0,0
Efficiency
Days sales outstanding (dso)	99,0	162,1
Asset turnover	2,9	2,0
Structure
Debt ratio	0,7	0,7
Profitability
Operating margin	3,1%	-0,9%
Net profit margin	3,7%	-4,7%
Return on assets (roa)	10,8%	-9,5%
Return on equity (roe)	29,6%	-70,1%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10008057 / 42	14.05.2026	Entry – Amendment entry	-	Entered into force14.05.2026
Ä 10008057 / 41	08.05.2026	Entry – Amendment entry	-	Entered into force08.05.2026
Ä 10008057 / 40	17.11.2025	Entry – Amendment entry	-	Entered into force17.11.2025
Ä 10008057 / M8	07.07.2025	Fine-warning order – annual report not filed	-	Deficiencies remedied09.07.2025
Ä 10008057 / 39	11.03.2025	Entry – Amendment entry	-	Entered into force11.03.2025

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


3-17-2703/4	Kohtu I astme menetlus	Court ruling	Public procurement	Janek Laidvee	ECLI:EE:TLHK:2017:3.17.2703.26387	15.12.2017	Open

Official announcements


Notice of division of a company	12.05.2023	PDF
Notice of preparation of a division plan or conclusion of a division agreement	17.02.2023	PDF
Notice of share-capital reduction	30.09.2020	PDF
Notice of share-capital reduction	03.09.2019	PDF
Notice of conclusion of a public limited company merger agreement	27.03.2017	PDF

Public transactions


21.09.2026	Tallinna Strateegiakeskus	20 257,95 €Received	OPERATING EXPENSESPre-primary education
21.09.2026	Tallinna Strateegiakeskus	3 222,76 €Received	OPERATING EXPENSESOther general services
21.09.2026	Tallinna Strateegiakeskus	987,04 €Received	OPERATING EXPENSESOther general services
21.09.2026	Tallinna Strateegiakeskus	2 040,67 €Received	OPERATING EXPENSESOther general services
21.09.2026	Tallinna Strateegiakeskus	6 372,51 €Received	OPERATING EXPENSESOther general services

Funded projects


Service Desk tugiteenuskeskus Tieto Estonia AS-s3.1.2801.15-0055	Tööstus- ja teenindusettevõtja investeeringu toetamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	16.03.2015 – 31.08.20152007-2013	361 054 €	357 638,25 €	Completed
Tootmisprotsessi ning kliendi nõuete ja suhtlemisoskuste parendamine1.4.0501.10-2493	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	20.05.2010 – 21.06.20102007-2013	7 829,18 €	7 202,84 €	Completed
Sisearendusprojekt I: Paindlike protsesside juurutamine1.4.0501.09-1307	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	10.11.2009 – 10.12.20092007-2013	19 173,49 €	19 173,49 €	Completed

State aid


08.11.2021	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Turundustegevused VTA › Ekspordi edendamine VTAGrant	0 €	15467/2106411
01.04.2020	Tallinna LinnakantseleiAid measure 20912	KOMISJONI TEATIS Riigiabi ajutine raamistik majanduse toetamiseks praeguse COVID-19 puhangu kontekstis › Komisjoni teatise jaotis 3.1 "Otsetoetuste, tagasimakstvate ettemaksete või maksusoodustustena antav abi"Grant	9,40 €	20912/2001877
08.04.2019	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15457	Regionaalareng (VTA) › MuuGrant	11 865 €	15457/1900343
18.03.2019	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 19750	Muu › T&A põhitoetusskeemGrant	753 €	19750/1900011
01.04.2018	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 17577	Stardiabi alustava ettevõtluse toetamiseks (VTA) › MuuGrant	3 500 €	17577/1800035

Public procurement contracts


30.09.2026End 30.09.2030	Reference number 312623 · Leping info- ja kommunikatsioonitehnoloogia haldusteenuse osutamiseks	Türi VallavalitsusContracting authority	206 376 €	Concluded
14.08.2026End 03.11.2026	Reference number 255236 · Hankeleping nr 6-2/26/256	Keskkonnaministeeriumi InfotehnoloogiakeskusContracting authority	254 995 €	Concluded
06.08.2026End 06.08.2028	Reference number 309420	Ettevõtluse ja Innovatsiooni SihtasutusContracting authority	195 000 €	Concluded
07.05.2026End 06.05.2027	Reference number 288628 · Hankelepingud perioodil 07.05.2026-06.05.2027	Haridus- ja TeadusministeeriumContracting authority	100 000 €actual 53 367,25 €	Concluded
06.05.2026End 25.06.2026	Reference number 255236 · Hankelping nr 6-2/26/152	Keskkonnaministeeriumi InfotehnoloogiakeskusContracting authority	64 870 €actual 80 438,80 €	Concluded

.ee domains


testest.ee	Active	27.07.2020	28.07.2027
tietoanalytics.ee	Active	11.09.2018	12.09.2027
tes.ee	Active	30.06.2011	01.07.2027

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.