Nevercode OÜ

Legal formLegal form:: Private limited company
Registry codeRegistry code:: 12879240
VAT no.VAT no.:: EE101807487
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 14.07.2015 (11 y)
Former business namesFormer business names:: GHCI OÜ
CapitalCapital:: 3 027 EUR
AddressAddress:: Akadeemia tn 3, Tartu linn, Tartu linn, Tartu maakond, 51003
StatusStatus:: Registered

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Contacts

PhonePhone:: +372 8804503
EmailEmail:: info@nevercode.io
WebsiteWebsite:: nevercode.io

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Industries

ELECTRONIC COMMUNICATIONS SERVICES, PROGRAMMING, CONSULTANCY, DATA-INFRASTRUCTURE AND OTHER INFORMATION ACTIVITIES
Computer programming, consultancy and related activities
Other information technology and computer service activities
Other information technology and computer service activities
62901 – Other information technology and computer service activities

VAT liability

VAT no.	Start	End
EE101807487	01.08.2015	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	01.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	09.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	01.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	05.07.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	03.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	23.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	01.07.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	29.06.2018	Valid	PDF
2016	14.07.2015 – 31.12.2016	27.06.2017	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 30.09.2026.

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Tax debt Reports Declarations Court decisions–Official announcements1 TTJA decisions–Real estate–.ee domains–Licenses–Regulations17 Public transactions–Grants–State aid2 Public procurement–Holdings in companies1 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	44 584 €	49 563 €	3,08 M €+1 168%	6
2026 Q1	44 526 €	49 148 €	243 034 €−11,5%	6
Total 2026:	89 110 €	98 711 €	3,32 M €
2025 Q4	51 171 €	56 065 €	274 489 €−4,9%	6
2025 Q3	52 687 €	57 544 €	288 704 €−28,9%	7
2025 Q2	54 702 €	59 412 €	405 774 €−86,9%	7
2025 Q1	51 783 €	56 078 €	3,10 M €+915%	7
Total 2025:	210 343 €	229 099 €	4,07 M €
2024 Q4	48 049 €	51 734 €	305 767 €−0,4%	8
2024 Q3	46 085 €	49 410 €	306 879 €−88,9%	7
2024 Q2	39 961 €	42 942 €	2,75 M €+1 782%	7
2024 Q1	38 965 €	41 598 €	146 283 €+52,6%	6
Total 2024:	173 060 €	185 684 €	3,51 M €
2023 Q4	39 686 €	39 903 €	95 835 €−27,1%	6
2023 Q3	47 550 €	49 302 €	131 470 €−12,7%	6
2023 Q2	40 856 €	42 985 €	150 598 €−93,4%	8
2023 Q1	47 276 €	48 235 €	2,30 M €+1 737%	8
Total 2023:	175 368 €	180 425 €	2,68 M €
2022 Q4	44 735 €	48 094 €	125 050 €+15,6%	10
2022 Q3	42 517 €	45 073 €	108 164 €−93,2%	11
2022 Q2	59 527 €	62 835 €	1,59 M €+3 620%	12
2022 Q1	59 892 €	64 381 €	42 857 €−27,0%	12
Total 2022:	206 671 €	220 383 €	1,87 M €
2021 Q4	58 880,81 €	61 423,35 €	58 695,37 €+48,8%	14
2021 Q3	66 044,05 €	69 700,20 €	39 456,89 €−96,1%	15
2021 Q2	58 657,32 €	63 529,28 €	1,01 M €+1 555%	16
2021 Q1	44 366,86 €	47 040,77 €	61 077,23 €+13,5%	17
Total 2021:	227 949,04 €	241 693,60 €	1,17 M €
2020 Q4	40 255,73 €	43 106,79 €	53 797,05 €−92,6%	14
2020 Q3	73 387,62 €	77 200,77 €	729 415,92 €+671%	16
2020 Q2	25 595,95 €	28 277,54 €	94 643,31 €+4,1%	20
2020 Q1	60 201 €	64 816 €	90 941 €−6,1%	16
Total 2020:	199 440,30 €	213 401,10 €	968 797,28 €
2019 Q4	65 359 €	65 653 €	96 854 €+81,7%	17
2019 Q3	10 383 €	11 857 €	53 294 €−9,9%	20
2019 Q2	44 565 €	47 679 €	59 170 €−31,3%	20
2019 Q1	80 922 €	84 434 €	86 164 €+73,5%	18
Total 2019:	201 229 €	209 623 €	295 482 €
2018 Q4	34 782 €	37 099 €	49 662 €+4,0%	18
2018 Q3	33 860 €	36 253 €	47 774 €−0,7%	13
2018 Q2	37 334 €	39 893 €	48 114 €−15,3%	14
2018 Q1	40 346 €	42 991 €	56 836 €+42,3%	15
Total 2018:	146 322 €	156 236 €	202 386 €
2017 Q4	37 326 €	39 513 €	39 938 €+37,9%	15
2017 Q3	27 973 €	29 725 €	28 965 €+21,4%	13
2017 Q2	15 987 €	16 894 €	23 855 €−26,6%	11
2017 Q1	20 084 €	21 363 €	32 508 €+54,5%	9
Total 2017:	101 370 €	107 495 €	125 266 €
2016 Q4	19 582 €	20 955 €	21 040 €−2,7%	6
2016 Q3	19 978 €	21 547 €	21 634 €+16,3%	6
2016 Q2	17 241 €	18 521 €	18 595 €+81,5%	6
2016 Q1	9 522 €	10 203 €	10 244 €	6
Total 2016:	66 323 €	71 226 €	71 513 €
2015 Q4	7 061 €	7 682 €	0 €	1
2015 Q3	0 €	0 €	0 €	0
Total 2015:	7 061 €	7 682 €	0 €

Revenue by industry

	2023	2024	2025
Other information technology and computer service activities	2 559 287 €	2 761 827 €	2 879 877 €

Tax debts

No tax debt found

No tax debt as of 30.09.2026

Representatives

	Personal ID code
Martin Remmelgas	39211XXXXXX	27.11.1992 (33)	Board member	01.10.2024	-

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Shareholders

	Personal ID code
NEVERCODE LTD	-	-	Shareholder	2 724 EUR	89,99%	Sole ownership	16.08.2023	-
Nevercode OÜ	12879240	14.07.2015 (11)	Shareholder	303 EUR	10,01%	Sole ownership	05.12.2025	-

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Other persons

	Personal ID code
Mobi Solutions OÜ	10800902	01.10.2001 (25)	Founder	14.07.2015	-

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Ultimate beneficial owners

	Personal ID code
Martin Remmelgas	39211XXXXXX	27.11.1992 (33)	Member of higher governing body (board or supervisory board)	01.10.2024	-

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Holdings in companies


Nevercode OÜ	14.07.2015	Shareholder	303 EUR	10,01%	Sole ownership	05.12.2025	-

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2026 Q2

Turnover

Amount: 3 081 141 €
Monthly average: 1 027 047 €
Per employee: 171 175 €
Equity ratio: 33 929,53%

Labour taxes

Turnover ratio: 1,61%
Tax ratio: 111,17%
Monthly average: 16 521 €
Per employee: 2 754 €

State taxes

Monthly average: 14 861 €
Turnover ratio: 1,45%

Estimated salary

Gross salary: 4 890 €
Net salary: 3 831 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	522 454 €−39,5%	863 928 €+8,9%	793 466 €+0,2%	791 814 €−49,7%	1 574 432 €+55,9%	1 010 041 €+32,2%	763 907 €
Non-current assets	-	-	-	10 316 €−39,2%	16 960 €+115%	7 876 €+48,9%	5 289 €
Total assets	522 454 €−39,5%	863 928 €+8,9%	793 466 €−1,1%	802 130 €−49,6%	1 591 392 €+56,3%	1 017 917 €+32,3%	769 196 €
Short-term liabilities	215 099 €−6,0%	228 890 €+25,5%	182 341 €−5,3%	192 629 €−82,0%	1 069 390 €+19,9%	891 709 €+4,8%	850 954 €
Long-term liabilities	-	-	-	-	-	12 000 €	12 000 €
Total liabilities	215 099 €−6,0%	228 890 €+25,5%	182 341 €−5,3%	192 629 €−82,0%	1 069 390 €+18,3%	903 709 €+4,7%	862 954 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	521 738 €+4,8%	497 825 €+0,3%	496 201 €+21,4%	408 702 €+44 961%	907 €+100%	-207 057 €+81,7%	-1 130 872 €
Net profit	-327 683 €−1 470%	23 913 €+1 372%	1 624 €−98,1%	87 499 €−78,5%	407 795 €+96,1%	207 965 €−77,5%	923 814 €
Equity	307 355 €−51,6%	635 038 €+3,9%	611 125 €+0,3%	609 501 €+16,8%	522 002 €+357%	114 208 €+222%	-93 758 €
Turnover	2 879 913 €+4,3%	2 761 827 €+7,9%	2 559 287 €+18,3%	2 163 775 €+36,9%	1 580 771 €+32,2%	1 196 018 €−40,0%	1 994 723 €
Profit margin	-11,4%	0,9%	0,1%	4,0%	25,8%	17,4%	46,3%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	93 367 €	411 816 €
Liquidity
Current ratio	4,1	1,5
Quick ratio	4,1	1,5
Cash ratio	0,1	0,1
Efficiency
Days sales outstanding (dso)	193,6	288,2
Asset turnover	1,8	1,2
Structure
Debt ratio	0,2	0,7
Profitability
Operating margin	4,1%	25,8%
Net profit margin	4,0%	25,8%
Return on assets (roa)	7,3%	31,3%
Return on equity (roe)	14,4%	78,1%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50011416 / 16	01.10.2024	Entry – Amendment entry	-	Entered into force01.10.2024
Ä 50011416 / 15	22.09.2020	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force22.09.2020
Ä 50011416 / 14	04.09.2019	Entry – Amendment entry	-	Entered into force04.09.2019
Ä 50011416 / M1	27.08.2019	Order to remedy deficiencies – Amendment entry	26.09.2019	Deficiencies remedied04.09.2019
Ä 50011416 / 13	07.03.2019	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force07.03.2019

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


Notice of division of a company	12.05.2016	PDF

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


21.09.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 262108	Muu › MuuGrant	20 000 €	262108/2600019
14.09.2017	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Turundustegevused VTA › Ekspordi edendamine VTAGrant	1 839 €	15467/1702205

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains

No domains found

Company has no valid .ee domains

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.