Merit Tarkvara AS

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	15.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	25.03.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	21.03.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	19.01.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	27.01.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	15.01.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	16.01.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	18.01.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	24.04.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	11.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	17.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	01.07.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	29.05.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	14.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	19.06.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	26.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	27.05.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	22.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	12.05.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	29.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	03.07.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	30.06.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	01.07.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	01.07.2003	Valid	PDF
2000	01.01.2000 – 31.12.2000	03.07.2001	Valid	PDF

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Tax debt Reports Declarations Court decisions1 Official announcements–TTJA decisions–Real estate–.ee domains7 Licenses–Regulations16 Public transactions630 Grants2 State aid–Public procurement1 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	3,22 M €	343 694 €	3,39 M €+0,2%	35
2026 Q2	972 313 €	328 565 €	3,38 M €+2,9%	34
2026 Q1	1,02 M €	455 191 €	3,29 M €+3,8%	34
Total 2026:	5,21 M €	1,13 M €	10,1 M €
2025 Q4	903 272 €	310 916 €	3,17 M €+2,9%	32
2025 Q3	908 595 €	296 991 €	3,08 M €+1,2%	32
2025 Q2	1,36 M €	259 238 €	3,04 M €+5,8%	31
2025 Q1	889 017 €	394 869 €	2,87 M €+20,6%	30
Total 2025:	4,06 M €	1,26 M €	12,2 M €
2024 Q4	659 119 €	246 667 €	2,38 M €+2,7%	31
2024 Q3	688 531 €	264 642 €	2,32 M €+1,2%	31
2024 Q2	2,64 M €	236 007 €	2,29 M €−2,9%	30
2024 Q1	706 501 €	323 155 €	2,36 M €+4,1%	29
Total 2024:	4,69 M €	1,07 M €	9,36 M €
2023 Q4	582 190 €	220 809 €	2,27 M €+7,3%	28
2023 Q3	587 196 €	221 419 €	2,11 M €+1,2%	25
2023 Q2	573 805 €	223 468 €	2,09 M €+6,0%	27
2023 Q1	591 874 €	276 344 €	1,97 M €+13,9%	28
Total 2023:	2,34 M €	942 040 €	8,45 M €
2022 Q4	470 996 €	193 922 €	1,73 M €−29,1%	29
2022 Q3	450 428 €	194 549 €	2,44 M €+51,6%	29
2022 Q2	420 383 €	176 127 €	1,61 M €+3,6%	29
2022 Q1	468 145 €	230 459 €	1,55 M €+5,2%	29
Total 2022:	1,81 M €	795 057 €	7,34 M €
2021 Q4	396 919,64 €	167 874,83 €	1,48 M €+7,6%	27
2021 Q3	366 350,82 €	152 424,59 €	1,37 M €+16,9%	27
2021 Q2	320 273,70 €	149 675,23 €	1,17 M €+30,7%	26
2021 Q1	296 838,15 €	196 429,89 €	899 171,25 €+41,1%	27
Total 2021:	1,38 M €	666 404,54 €	4,93 M €
2020 Q4	190 252,41 €	137 878,41 €	637 294,88 €−12,4%	30
2020 Q3	230 470,22 €	147 399,98 €	727 493,01 €−32,2%	30
2020 Q2	294 617,25 €	135 432,24 €	1,07 M €−12,5%	29
2020 Q1	322 041,23 €	148 822,52 €	1,23 M €	28
Total 2020:	1,04 M €	569 533,15 €	3,66 M €

Revenue by industry

	2023	2024	2025
Programming	8 037 972 €	8 794 176 €	11 583 405 €
Wholesale of computers, peripherals and software	95 788 €	108 356 €	127 802 €
Accounting and tax consultancy	83 845 €	72 235 €	70 399 €
Computer consultancy activities	32 286 €	50 118 €	51 491 €
Administration of computer systems and databases	4 058 €

Tax debts

No tax debt found

No tax debt as of 24.10.2026

Representatives

	Personal ID code
Tõnis Kask	37905XXXXXX	09.05.1979 (47)	Board member	08.01.2021	-

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Shareholders

	Personal ID code
VISMA INTERNATIONAL HOLDING AS	-	-	Shareholder	25 600 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Jussi Pekkala	-	09.07.1974 (52)	Chairman of the supervisory board	29.04.2026	-
Juhani Mönkkönen	-	17.01.1981 (45)	Supervisory-board member	29.04.2026	-
Mili Orucevic	-	10.02.1984 (42)	Supervisory-board member	29.04.2026	-
Ernst & Young Baltic AS	10877299	16.07.2002 (24)	Audit firm	23.01.2023	-

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Ultimate beneficial owners

	Personal ID code
Jussi Pekkala	-	09.07.1974 (52)	Member of higher governing body (board or supervisory board)	22.10.2026	-
Alicia Myklebost Halaas	23098XXXXXX	-	Member of higher governing body (board or supervisory board)	09.03.2023	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 3 386 930 €
Monthly average: 1 128 977 €
Per employee: 32 256 €
Equity ratio: 4 410,07%

Labour taxes

Turnover ratio: 10,15%
Tax ratio: 10,66%
Monthly average: 114 565 €
Per employee: 3 321 €

State taxes

Monthly average: 1 074 279 €
Turnover ratio: 95,16%

Estimated salary

Gross salary: 5 857 €
Net salary: 4 558 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	11 586 239 €+33,1%	8 703 069 €−40,5%	14 633 144 €+39,6%	10 480 480 €+83,3%	5 716 144 €+75,0%	3 267 212 €+31,7%	2 480 044 €
Non-current assets	3 361 799 €+39,1%	2 416 940 €+43,0%	1 690 375 €+36,9%	1 235 090 €−11,3%	1 392 560 €+9,2%	1 275 158 €+13,3%	1 125 569 €
Total assets	14 948 038 €+34,4%	11 120 009 €−31,9%	16 323 519 €+39,3%	11 715 570 €+64,8%	7 108 704 €+56,5%	4 542 370 €+26,0%	3 605 613 €
Short-term liabilities	1 067 173 €+10,2%	968 139 €+35,8%	712 810 €+10,4%	645 447 €+24,5%	518 525 €−34,4%	790 332 €−44,9%	1 435 230 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	1 067 173 €+10,2%	968 139 €+35,8%	712 810 €+10,4%	645 447 €+24,5%	518 525 €−34,4%	790 332 €−44,9%	1 435 230 €
Share or stock capital	25 600 €	25 600 €	25 600 €	25 600 €	25 600 €	25 600 €	25 600 €
Retained earnings	8 123 710 €+7,1%	7 582 549 €−31,3%	11 041 963 €+68,3%	6 562 019 €+76,2%	3 723 878 €+73,8%	2 142 223 €+108%	1 031 821 €
Net profit	5 728 995 €+125%	2 541 161 €−44,0%	4 540 586 €+1,4%	4 479 944 €+57,8%	2 838 141 €+79,4%	1 581 655 €+42,4%	1 110 402 €
Equity	13 880 865 €+36,7%	10 151 870 €−35,0%	15 610 709 €+41,0%	11 070 123 €+68,0%	6 590 179 €+75,6%	3 752 038 €+72,9%	2 170 383 €
Turnover	11 833 097 €+31,1%	9 024 885 €+9,3%	8 253 949 €+27,2%	6 489 138 €+20,7%	5 374 511 €+42,9%	3 760 420 €+25,7%	2 991 444 €
Profit margin	48,4%	28,2%	55,0%	69,0%	52,8%	42,1%	37,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	4 087 656 €	2 868 005 €
Liquidity
Current ratio	16,2	11,0
Quick ratio	16,2	11,0
Cash ratio	16,1	10,8
Efficiency
Days sales outstanding (dso)	5,7	5,6
Asset turnover	0,7	0,9
Structure
Debt ratio	0,1	0,1
Profitability
Operating margin	62,4%	52,8%
Net profit margin	69,0%	52,8%
Return on assets (roa)	47,6%	48,7%
Return on equity (roe)	40,5%	43,1%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 20007532 / 16	19.08.2026	Entry – Amendment entry	-	Entered into force19.08.2026
Ä 20007532 / M2	22.06.2026	Order to remedy deficiencies for correcting extra-entry data – Amendment entry	06.07.2026	Deficiencies remedied03.07.2026
Ä 20007532 / 15	02.06.2022	Entry – Amendment entry	-	Entered into force02.06.2022
Ä 20007532 / 14	08.01.2021	Entry – Amendment entry	-	Entered into force08.01.2021
Ä 20007532 / 13	10.10.2018	Entry – Amendment entry	-	Entered into force10.10.2018

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


2-20-3562/21	Kohtu I astme menetlus	Court rulingNon-declaration of bankruptcy due to lapse	Bankruptcy law	Zakaria Nemsitsveridze	ECLI:EE:TMK:2020:2.20.3562.13067	07.07.2020	Open

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


08.09.2026	Sihtasutus Rõuge valla turism	125,74 €Received	OPERATING EXPENSESTourism
08.09.2026	Sihtasutus Palivere Turismi- ja Tervisespordikeskus	75,64 €Received	OPERATING EXPENSESSport
08.09.2026	Sihtasutus Palivere Turismi- ja Tervisespordikeskus	60,76 €Received	CURRENT ASSETSSport
08.09.2026	Sihtasutus Põltsamaa Tervis	200,88 €Received	OPERATING EXPENSESCare- and rehabilitation-hospital services
08.09.2026	Sihtasutus Kuremaa Elamuskeskus	135,16 €Received	OPERATING EXPENSESGeneral economic development projects

Funded projects


Tarkvarade Merit Aktiva ja Merit Palk versiooniuuenduste müük1.4.0501.09-0925	Teadmiste ja oskuste arendamise toetusESF · Ettevõtluse ja Innovatsiooni Sihtasutus	02.10.2009 – 01.10.20102007-2013	958,67 €	958,67 €	Completed
Merit Tarkvara strateegia ja müügisüsteemi analüüs ning arendamine2.0100.08-3617	Ettevõtete arengu toetamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	10.03.2008 – 02.07.20082004-2006	6 391,16 €	6 391,16 €	Completed

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts


02.09.2008End 31.12.2008	Reference number 110400 · tarneleping nr49	Põltsamaa AmetikoolContracting authority	10 208,90 €	Completed

.ee domains


merittarkvara.ee	Active	13.03.2013	14.03.2027
raamatupidamisprogrammid.ee	Active	24.09.2010	25.09.2027
palgaprogramm.ee	Active	24.09.2010	25.09.2027
raamatupidamiseprogramm.ee	Active	24.09.2010	25.09.2027
meritpalk.ee	Active	14.07.2010	15.07.2027

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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.