EXCELLENT BUSINESS SOLUTIONS EESTI AS

Legal form:: Public limited company
Registry code:: 10877000
VAT no.:: EE100777660
Fiscal-year period:: 01.01 - 31.12
Established:: 12.07.2002 (24 y)
Former business names:: Aktsiaselts Mereante Marketing, Cosmos IT Partner Eesti AS
Capital:: 29 400,30 EUR
Address:: Valukoja tn 8/2, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415
Status:: Registered
LEI code:: 254900ZP0W2ZONOEQB90
E-invoice reception:: e-arveldaja

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Contacts

Phone:: +372 6691111
Email:: lenno@excellent.ee
Website:: www.excellent.ee

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Industries

ELECTRONIC COMMUNICATIONS SERVICES, PROGRAMMING, CONSULTANCY, DATA-INFRASTRUCTURE AND OTHER INFORMATION ACTIVITIES
Computer programming, consultancy and related activities
62101 – Programming
Computer consultancy and systems/database management
62201 – Computer consultancy activities

Industry TOPNo. 75 of 4810 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 €

75.EXCELLENT BUSINESS SOLUTIONS EESTI AS8.2M €

Main activity 62101 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100777660	01.09.2002	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	03.07.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	20.07.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	29.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	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	14.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	21.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	21.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	29.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	30.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	30.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Expired	PDF
2012	01.01.2012 – 31.12.2012	24.09.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	31.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	19.07.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	11.08.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	17.02.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	01.07.2009	Expired	PDF
2007	01.01.2007 – 31.12.2007	01.12.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	21.06.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	02.08.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	15.07.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	15.07.2004	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 23.10.2026.

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Tax debt Reports Declarations Court decisions3 Official announcements6 TTJA decisions–Real estate1 .ee domains6 Licenses–Regulations51 Public transactions696 Grants1 State aid5 Public procurement–Holdings in companies3 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	607 449 €	238 243 €	2,09 M €−12,3%	40
2026 Q2	467 397 €	248 012 €	2,39 M €+19,3%	38
2026 Q1	604 772 €	269 276 €	2,00 M €+13,4%	37
Total 2026:	1,68 M €	755 531 €	6,48 M €
2025 Q4	468 160 €	248 088 €	1,76 M €−0,3%	39
2025 Q3	554 912 €	229 534 €	1,77 M €−7,7%	36
2025 Q2	392 579 €	209 162 €	1,92 M €+11,9%	37
2025 Q1	634 644 €	268 222 €	1,71 M €+23,4%	34
Total 2025:	2,05 M €	955 006 €	7,16 M €
2024 Q4	370 635 €	174 754 €	1,39 M €+8,3%	30
2024 Q3	460 066 €	194 799 €	1,28 M €+1,2%	29
2024 Q2	323 058 €	173 111 €	1,27 M €−14,2%	28
2024 Q1	562 498 €	195 460 €	1,48 M €+8,8%	28
Total 2024:	1,72 M €	738 124 €	5,41 M €
2023 Q4	340 852 €	156 992 €	1,36 M €+4,3%	27
2023 Q3	327 548 €	159 298 €	1,30 M €+1,5%	27
2023 Q2	385 585 €	167 367 €	1,28 M €−10,7%	26
2023 Q1	516 488 €	178 361 €	1,44 M €+5,1%	26
Total 2023:	1,57 M €	662 018 €	5,38 M €
2022 Q4	305 534 €	148 936 €	1,37 M €+10,7%	28
2022 Q3	398 402 €	163 505 €	1,23 M €+0,1%	28
2022 Q2	280 738 €	127 180 €	1,23 M €−6,5%	28
2022 Q1	508 391 €	149 991 €	1,32 M €+12,9%	26
Total 2022:	1,49 M €	589 612 €	5,16 M €
2021 Q4	272 743,81 €	130 622,07 €	1,17 M €+10,1%	28
2021 Q3	298 317,81 €	135 286,57 €	1,06 M €−9,3%	27
2021 Q2	268 907,73 €	126 426,17 €	1,17 M €−13,8%	27
2021 Q1	376 217,95 €	133 455,34 €	1,36 M €+12,2%	30
Total 2021:	1,22 M €	525 790,15 €	4,76 M €
2020 Q4	382 247,42 €	133 739,10 €	1,21 M €+10,1%	31
2020 Q3	258 926,29 €	121 242,75 €	1,10 M €+3,7%	30
2020 Q2	241 424,23 €	118 203,39 €	1,06 M €−13,9%	30
2020 Q1	444 384 €	126 092 €	1,23 M €+17,1%	30
Total 2020:	1,33 M €	499 277,24 €	4,60 M €
2019 Q4	287 568 €	112 101 €	1,05 M €+15,6%	29
2019 Q3	277 949 €	116 342 €	910 134 €−10,5%	28
2019 Q2	246 777 €	105 376 €	1,02 M €−1,1%	26
2019 Q1	305 684 €	110 405 €	1,03 M €−2,4%	28
Total 2019:	1,12 M €	444 224 €	4,01 M €
2018 Q4	306 174 €	106 149 €	1,05 M €+13,0%	28
2018 Q3	370 820 €	115 448 €	930 930 €−14,1%	31
2018 Q2	264 425 €	108 596 €	1,08 M €+3,4%	31
2018 Q1	240 874 €	107 022 €	1,05 M €+3,4%	32
Total 2018:	1,18 M €	437 215 €	4,11 M €
2017 Q4	293 665 €	121 640 €	1,01 M €+0,7%	31
2017 Q3	297 324 €	127 736 €	1,01 M €−5,1%	33
2017 Q2	246 877 €	114 426 €	1,06 M €+19,8%	34
2017 Q1	239 504 €	118 713 €	884 524 €+23,8%	33
Total 2017:	1,08 M €	482 515 €	3,96 M €
2016 Q4	302 295 €	120 872 €	714 579 €+0,9%	30
2016 Q3	244 810 €	119 750 €	707 947 €+11,5%	30
2016 Q2	183 359 €	107 437 €	635 157 €−2,9%	30
2016 Q1	200 489 €	110 665 €	654 241 €−0,8%	30
Total 2016:	930 953 €	458 724 €	2,71 M €
2015 Q4	268 509 €	101 848 €	659 427 €+6,1%	29
2015 Q3	199 102 €	95 951 €	621 243 €+8,5%	29
2015 Q2	189 463 €	88 474 €	572 832 €−23,5%	29
2015 Q1	226 077 €	115 713 €	749 196 €	29
Total 2015:	883 151 €	401 986 €	2,60 M €

Revenue by industry

	2023	2024	2025
Programming	4 949 257 €	4 955 225 €	6 529 702 €
Computer consultancy activities	277 900 €	297 007 €	451 836 €

Tax debts

No tax debt found

No tax debt as of 23.10.2026

Representatives

	Personal ID code
Sven Karuse	37908XXXXXX	22.08.1979 (47)	Board member	08.11.2017	-
Lenno Oja	37607XXXXXX	04.07.1976 (50)	Board member	14.11.2016	-
Tõnu Schilf	37410XXXXXX	09.10.1974 (52)	Board member	24.07.2013	-

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Shareholders

	Personal ID code
OÜ Lillela	11628552	14.04.2009 (17)	Shareholder	11 759,86 EUR	40,00%	Sole ownership	16.08.2023	-
Sven Karuse	37908XXXXXX	22.08.1979 (47)	Shareholder	11 759,86 EUR	40,00%	Sole ownership	19.11.2025	-
Lenno Oja	37607XXXXXX	04.07.1976 (50)	Shareholder	5 879,93 EUR	20,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Janno Oja	38310XXXXXX	27.10.1983 (42)	Chairman of the supervisory board	26.11.2019	-
Helene Schilf	47601XXXXXX	26.01.1976 (50)	Supervisory-board member	25.11.2019	-
Maaja-Elaine Nirk	45302XXXXXX	23.02.1953 (73)	Supervisory-board member	25.11.2019	-
Osaühing Ignase	11043366	10.06.2004 (22)	Audit firm	31.03.2005	-
Tanaka Consulting OÜ	10454771	26.05.1998 (28)	Founder	12.07.2002	-

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Ultimate beneficial owners

	Personal ID code
Tõnu Schilf	37410XXXXXX	09.10.1974 (52)	Indirect holding	02.01.2020	-
Sven Karuse	37908XXXXXX	22.08.1979 (47)	Direct holding	11.09.2018	-

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Holdings in companies


Excellent Support OÜ	11.09.2006	Shareholder	2 500 EUR	100,00%	Sole ownership	01.09.2023	-
Hausing Technologies OÜ	18.03.2015	Shareholder	2 462 EUR	35,21%	Sole ownership	16.08.2023	-
yuMuuv OÜ	07.01.2019	Shareholder	227 EUR	7,96%	Sole ownership	16.01.2024	-

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2026 Q3

Turnover

Amount: 2 091 159 €
Monthly average: 697 053 €
Per employee: 17 426 €
Equity ratio: 2 370,90%

Labour taxes

Turnover ratio: 11,39%
Tax ratio: 39,22%
Monthly average: 79 414 €
Per employee: 2 036 €

State taxes

Monthly average: 202 483 €
Turnover ratio: 29,05%

Estimated salary

Gross salary: 3 666 €
Net salary: 2 910 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	810 679 €−25,1%	1 082 977 €+266%	295 973 €−8,3%	322 637 €−14,4%	376 743 €−27,7%	521 005 €+382%	108 191 €
Non-current assets	6 045 275 €−1,4%	6 128 669 €+89,2%	3 239 007 €−37,9%	5 215 319 €−13,7%	6 042 818 €−16,4%	7 224 147 €+41,5%	5 103 629 €
Total assets	6 855 954 €−4,9%	7 211 646 €+104%	3 534 980 €−36,2%	5 537 956 €−13,7%	6 419 561 €−17,1%	7 745 152 €+48,6%	5 211 820 €
Short-term liabilities	3 313 744 €+27,0%	2 609 088 €+56,9%	1 662 918 €+6,6%	1 559 330 €+2,6%	1 519 156 €+17,4%	1 293 713 €−11,5%	1 462 513 €
Long-term liabilities	2 396 859 €−22,1%	3 075 358 €+977%	285 607 €−87,2%	2 227 717 €−31,6%	3 256 141 €−23,3%	4 242 681 €+140%	1 767 589 €
Total liabilities	5 710 603 €+0,5%	5 684 446 €+192%	1 948 525 €−48,5%	3 787 047 €−20,7%	4 775 297 €−13,7%	5 536 394 €+71,4%	3 230 102 €
Share or stock capital	29 400 €	29 400 €	29 400 €	29 400 €	29 400 €−9,8%	32 596 €−8,9%	35 792 €
Retained earnings	134 781 €−24,3%	178 142 €−29,9%	253 953 €−44,7%	459 005 €−52,8%	972 538 €−22,8%	1 259 873 €+237%	374 313 €
Net profit	978 614 €−25,7%	1 317 102 €+1,3%	1 300 546 €+3,2%	1 259 948 €+96,9%	639 770 €−56,3%	1 463 733 €+5,0%	1 394 560 €
Equity	1 145 351 €−25,0%	1 527 200 €−3,7%	1 586 455 €−9,4%	1 750 909 €+6,5%	1 644 264 €−25,6%	2 208 758 €+11,5%	1 981 718 €
Turnover	6 981 538 €+32,9%	5 252 232 €+0,5%	5 227 157 €+1,7%	5 141 238 €+11,5%	4 609 337 €+0,2%	4 599 448 €+13,5%	4 052 668 €
Profit margin	14,0%	25,1%	24,9%	24,5%	13,9%	31,8%	34,4%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	2 649 068 €	2 463 316 €
Liquidity
Current ratio	0,2	0,2
Quick ratio	0,2	0,2
Cash ratio	0,2	0,2
Efficiency
Days sales outstanding (dso)	149,2	243,2
Asset turnover	0,9	0,7
Structure
Debt ratio	0,7	0,7
Profitability
Operating margin	32,0%	31,9%
Net profit margin	24,5%	13,9%
Return on assets (roa)	21,1%	9,0%
Return on equity (roe)	72,0%	38,9%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10066370 / M15	12.07.2025	Fine-warning order – annual report not filed	11.08.2025	Deficiencies remedied21.07.2025
Ä 10066370 / M14	07.07.2024	Fine-warning order – annual report not filed	06.08.2024	Deficiencies remedied30.07.2024
Ä 10066370 / 36	16.06.2021	Entry – Amendment entry	-	Entered into force16.06.2021
Ä 10066370 / 35	20.01.2021	Entry – Second, constitutive merger entry (on acquiring entity’s registry card)	-	Entered into force20.01.2021
Ä 10066370 / M13	18.01.2021	Order to remedy deficiencies – Second, constitutive merger entry (on acquiring entity’s registry card)	17.02.2021	Deficiencies remedied20.01.2021

Real estate

		Purpose
Lai tn 39, Tartu linn, Tartu linn, Tartu maakondSpace: 11	495 m²	Residential land 85%, Commercial land 15%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions


2-20-6902/8	Kohtu I astme menetlus	Court ruling	Company law	Helina Luksepp	ECLI:EE:HMK:2020:2.20.6902.17962	24.09.2020	Open
2-15-5064/193	-	Court ruling	Reorganisation	Mati Maksing, Gaida Kivinurm, Ele Liiv	ECLI:EE:TLRK:2017:2.15.5064.13469	24.04.2017	Open
2-14-52292/9	Kohtu I astme menetlus	Court ruling	Bankruptcy law	Ivika Sillaots	ECLI:EE:PMK:2014:2.14.52292.21650	15.09.2014	Open

Official announcements


Notice of share-capital reduction	12.03.2021	PDF
Notice of company merger	22.01.2021	PDF
Notice of share-capital reduction	28.02.2020	PDF
Notices of commercial and non-profit associations and foundations	10.02.2010	PDF
Notices of commercial and non-profit associations and foundations	20.01.2010	PDF

Public transactions


22.09.2026	Tallinna Kesklinna Tegevuskeskus	110,36 €Received	OPERATING EXPENSESOther protection of social risk groups
08.09.2026	Veskimöldre haridusmaja sihtasutus	159,96 €Received	OPERATING EXPENSESPre-primary education
04.09.2026	Sihtasutus Kilingi-Nõmme Tervise- ja Hoolduskeskus	119,97 €Received	OPERATING EXPENSESCare- and rehabilitation-hospital services
01.09.2026	Eesti Kunstiakadeemia	1 325,56 €Received	OPERATING EXPENSESTertiary education
24.08.2026	Tallinna Kesklinna Tegevuskeskus	110,36 €Received	OPERATING EXPENSESOther protection of social risk groups

Funded projects


Excellent Portal2021-2027.1.01.24-0847	(EK nr 1.1) Teadus- ja innovatsioonivõime, kõrgetasemelised tehnoloogiadERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	16.12.2024 – 15.12.20262021-2027	1 048 842 €support 45,0%	771 067,71 €	Funded

State aid


30.01.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231518	EK grupierandi määrus 651/2014 Teadus- ja arendustegevuseks ning innovatsiooniks antav abi (artiklid 25-30) › Teadus- ja arendusprojektidele antav abi (artikkel 25 lõike 2 punkt c) - tootearendusGrant	471 978,90 €	231518/2500001
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	0,03 €	20912/2002108
08.04.2015	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	1 199 €	14295/1500498
10.04.2014	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 14295	Muu › MuuGuarantee	449,68 €	14295/1400129
03.09.2012	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 12149	Muu › MuuGuarantee	149 €	12149/1200176

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


xclnt.ee	Active	25.06.2015	26.06.2028
palgaarvestus.ee	Active	15.01.2013	16.01.2029
raamatupidamisprogramm.ee	Active	14.09.2010	15.09.2028
raamatupidamistarkvara.ee	Active	27.08.2010	28.08.2028
excellent.ee	Active	04.07.2010	28.08.2028

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.