Recursive Software Development OÜ

Legal formLegal form:: Private limited company
Registry codeRegistry code:: 12564972
VAT no.VAT no.:: EE101802000
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 05.11.2013 (12 y)
CapitalCapital:: 2 500 EUR
AddressAddress:: Tartu mnt 28-33, Kesklinna linnaosa, Tallinn, Harju maakond, 10115
StatusStatus:: Registered
LEI codeLEI code:: 894500QJPHMJEQPTV562

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Contacts

PhonePhone:: +372 58390544
EmailEmail:: andrea@recursive.ee

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Industries

ELECTRONIC COMMUNICATIONS SERVICES, PROGRAMMING, CONSULTANCY, DATA-INFRASTRUCTURE AND OTHER INFORMATION ACTIVITIES
Data infrastructure, processing, hosting and other IT activities
Data infrastructure, processing and hosting activities
Data infrastructure, processing and hosting activities
63102 – Data processing, management and brokerage

VAT liability

VAT no.	Start	End
EE101802000	01.07.2015	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	24.03.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	28.04.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	30.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	31.08.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	30.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	08.02.2022	Valid	PDF
2019	01.01.2019 – 31.12.2019	11.08.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	11.08.2020	Valid	PDF
2017	15.10.2016 – 31.12.2017	16.10.2019	Valid	PDF
2016	15.10.2015 – 14.10.2016	04.02.2018	Valid	PDF
2015	15.10.2014 – 14.10.2015	07.09.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	02.03.2016	Expired	PDF
2014	05.11.2013 – 31.12.2014	25.02.2015	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 01.10.2026.

Delayed declarations

Income- and social-tax return

10.10.2025

16.10.2025

6 d overdue

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains1 Licenses–Regulations12 Public transactions–Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	1 452 €	1 625 €	189 840 €−37,5%	1
2026 Q1	1 452 €	1 625 €	303 957 €+137%	1
Total 2026:	2 904 €	3 250 €	493 797 €
2025 Q4	1 452 €	1 625 €	128 506 €−1,8%	1
2025 Q3	1 452 €	1 625 €	130 808 €+1,0%	1
2025 Q2	1 452 €	1 625 €	129 469 €−18,7%	1
2025 Q1	16 475 €	5 166 €	159 260 €+31,4%	1
Total 2025:	20 831 €	10 041 €	548 043 €
2024 Q4	1 412 €	1 530 €	121 169 €+3,1%	1
2024 Q3	1 412 €	1 530 €	117 518 €−3,7%	1
2024 Q2	1 412 €	1 530 €	121 973 €+29,2%	1
2024 Q1	1 460 €	1 530 €	94 383 €+74,9%	1
Total 2024:	5 696 €	6 120 €	455 043 €
2023 Q4	7 353 €	4 424 €	53 965 €+2,1%	1
2023 Q3	1 412 €	1 530 €	52 854 €−2,9%	1
2023 Q2	1 412 €	1 530 €	54 443 €+11,2%	1
2023 Q1	1 699 €	1 848 €	48 948 €−22,8%	1
Total 2023:	11 876 €	9 332 €	210 210 €
2022 Q4	1 135 €	1 213 €	63 437 €+24,8%	1
2022 Q3	15 887 €	3 665 €	50 826 €+1,4%	1
2022 Q2	1 412 €	1 530 €	50 106 €+25,9%	1
2022 Q1	941 €	1 020 €	39 802 €+66,7%	1
Total 2022:	19 375 €	7 428 €	204 171 €
2021 Q4	-	-	23 871,25 €−4,7%	-
2021 Q3	-	-	25 048,98 €−4,5%	-
2021 Q2	9 704,57 €	1 201,67 €	26 221,58 €−17,4%	-
2021 Q1	0 €	0 €	31 761,68 €+15,9%	-
Total 2021:	9 704,57 €	1 201,67 €	106 903,49 €
2020 Q4	99,83 €	0 €	27 394,98 €+14,3%	-
2020 Q3	6 241,56 €	641,67 €	23 973,02 €+2,2%	-
2020 Q2	520,01 €	0 €	23 458,56 €+84,5%	-
2020 Q1	364 €	0 €	12 716 €−24,8%	0
Total 2020:	7 225,40 €	641,67 €	87 542,56 €
2019 Q4	6 968 €	0 €	16 906 €−5,0%	0
2019 Q3	0 €	0 €	17 792 €−15,6%	0
2019 Q2	0 €	0 €	21 076 €+23,2%	0
2019 Q1	83 €	0 €	17 102 €−10,1%	0
Total 2019:	7 051 €	0 €	72 876 €
2018 Q4	222 €	0 €	19 029 €+187%	0
2018 Q3	128 €	0 €	6 639 €−22,1%	0
2018 Q2	0 €	0 €	8 527 €+13,9%	0
2018 Q1	16 €	0 €	7 487 €−13,9%	0
Total 2018:	366 €	0 €	41 682 €
2017 Q4	314 €	0 €	8 697 €+48,1%	0
2017 Q3	246 €	0 €	5 871 €−42,9%	0
2017 Q2	645 €	0 €	10 285 €+42,4%	0
2017 Q1	2 009 €	0 €	7 224 €	0
Total 2017:	3 214 €	0 €	32 077 €
2016 Q4	1 211 €	0 €	0 €	0
2016 Q3	1 293 €	0 €	0 €	0
2016 Q2	2 706 €	0 €	0 €	0
2016 Q1	950 €	0 €	0 €	0
Total 2016:	6 160 €	0 €	0 €
2015 Q4	1 038 €	0 €	0 €	0
2015 Q3	793 €	0 €	0 €	0
2015 Q2	0 €	0 €	0 €	0
Total 2015:	1 831 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Data processing, management and brokerage		415 155 €	646 877 €
Data processing, web-hosting and related activities	197 834 €

Tax debts

No tax debt found

No tax debt as of 01.10.2026

Representatives

	Personal ID code
Andrea Giudici	38503XXXXXX	29.03.1985 (41)	Board member	05.11.2013	-

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Shareholders

	Personal ID code
Andrea Giudici	38503XXXXXX	29.03.1985 (41)	Shareholder	2 500 EUR	100,00%	Sole ownership	02.09.2023	-

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Other persons

	Personal ID code
Andrea Giudici	38503XXXXXX	29.03.1985 (41)	Founder	02.11.2013	-

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Ultimate beneficial owners

	Personal ID code
Andrea Giudici	38503XXXXXX	29.03.1985 (41)	Direct holding	31.08.2023	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount: 189 840 €
Monthly average: 63 280 €
Per employee: 63 280 €
Equity ratio: 2 531,20%

Labour taxes

Turnover ratio: 0,86%
Tax ratio: 111,91%
Monthly average: 542 €
Per employee: 542 €

State taxes

Monthly average: 484 €
Turnover ratio: 0,76%

Estimated salary

Gross salary: 1 116 €
Net salary: 993 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 069 364 €+86,3%	574 131 €+77,9%	322 801 €+23,8%	260 821 €+34,4%	194 006 €+37,8%	140 787 €+103%	69 499 €
Non-current assets	24 898 €−20,1%	31 171 €−19,8%	38 856 €+156%	15 157 €−41,3%	25 824 €−24,0%	34 000 €−32,0%	50 000 €
Total assets	1 094 262 €+80,8%	605 302 €+67,4%	361 657 €+31,0%	275 978 €+25,5%	219 830 €+25,8%	174 787 €+46,3%	119 499 €
Short-term liabilities	181 547 €+471%	31 780 €+357%	6 948 €+42,1%	4 890 €+33,3%	3 668 €+933%	355 €−6,6%	380 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	181 547 €+471%	31 780 €+357%	6 948 €+42,1%	4 890 €+33,3%	3 668 €+933%	355 €−6,6%	380 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	571 022 €+97,8%	288 636 €+33,8%	215 695 €+40,4%	153 662 €+15,4%	133 134 €+43,7%	92 619 €+79,0%	51 742 €
Net profit	339 193 €+20,1%	282 386 €+107%	136 514 €+18,8%	114 926 €+42,7%	80 528 €+1,5%	79 313 €+22,3%	64 877 €
Equity	912 715 €+59,1%	573 522 €+61,7%	354 709 €+30,8%	271 088 €+25,4%	216 162 €+23,9%	174 432 €+46,4%	119 119 €
Turnover	646 877 €+55,8%	415 155 €+110%	197 834 €+0,3%	197 335 €+111%	93 468 €−1,7%	95 061 €+14,5%	82 990 €
Profit margin	52,4%	68,0%	69,0%	58,2%	86,2%	83,4%	78,2%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	139 064 €	64 241 €
Liquidity
Current ratio	53,3	52,9
Quick ratio	53,3	52,9
Cash ratio	17,3	15,6
Efficiency
Days sales outstanding (dso)	49,1	83,2
Asset turnover	0,8	0,5
Structure
Debt ratio	0,0	0,0
Profitability
Operating margin	70,1%	68,2%
Net profit margin	58,2%	86,2%
Return on assets (roa)	46,4%	40,8%
Return on equity (roe)	42,4%	37,3%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10189367 / 9	02.03.2026	Entry – Amendment entry	-	Entered into force02.03.2026
Ä 10189367 / 8	18.11.2024	Entry – Amendment entry under NSPA § 595¹ (1)	-	Entered into force18.11.2024
Ä 10189367 / 7	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023
Ä 10189367 / 6	19.01.2018	Entry – Amendment entry	-	Entered into force19.01.2018
Ä 10189367 / 5	06.12.2017	Entry – Amendment entry	-	Entered into force06.12.2017

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

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions

No public transactions found

Company has no public transactions

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

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

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


recursive.ee	Active	19.11.2013	20.11.2026

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.