Breakwater Technology OÜ

Year	Period	Submitted	Status
2025	01.05.2025 – 30.04.2026	09.10.2026	Valid	PDF
2024	01.05.2024 – 30.04.2025	30.06.2025	Valid	PDF
2023	01.05.2023 – 30.04.2024	10.07.2024	Valid	PDF
2022	01.05.2022 – 30.04.2023	11.07.2023	Valid	PDF
2021	01.05.2021 – 30.04.2022	06.07.2022	Valid	PDF
2020	01.05.2020 – 30.04.2021	05.10.2021	Valid	PDF
2019	23.11.2018 – 30.04.2020	31.10.2020	Valid	PDF

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains3 Licenses–Regulations15 Public transactions3 Grants–State aid–Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	1,02 M €	1,09 M €	8,61 M €−7,4%	103
2026 Q2	1,01 M €	1,10 M €	9,29 M €+9,4%	104
2026 Q1	1,29 M €	1,38 M €	8,49 M €−11,2%	105
Total 2026:	3,32 M €	3,56 M €	26,4 M €
2025 Q4	3,13 M €	1,14 M €	9,56 M €+10,0%	105
2025 Q3	2,19 M €	1,16 M €	8,69 M €−2,7%	104
2025 Q2	1,04 M €	1,12 M €	8,93 M €+2,0%	104
2025 Q1	1,24 M €	1,32 M €	8,75 M €−2,7%	104
Total 2025:	7,60 M €	4,73 M €	35,9 M €
2024 Q4	1,95 M €	1,00 M €	9,00 M €+15,0%	105
2024 Q3	2,48 M €	969 126 €	7,82 M €−2,1%	98
2024 Q2	934 803 €	992 286 €	7,99 M €+9,7%	96
2024 Q1	1,06 M €	1,11 M €	7,29 M €+2,5%	94
Total 2024:	6,43 M €	4,07 M €	32,1 M €
2023 Q4	1,89 M €	939 996 €	7,10 M €+8,3%	96
2023 Q3	1,77 M €	1,03 M €	6,56 M €−4,5%	92
2023 Q2	885 297 €	939 699 €	6,87 M €+37,1%	91
2023 Q1	1,05 M €	839 432 €	5,01 M €+10,7%	93
Total 2023:	5,59 M €	3,75 M €	25,6 M €
2022 Q4	1,17 M €	711 196 €	4,53 M €+17,3%	83
2022 Q3	1,05 M €	640 267 €	3,86 M €−5,3%	71
2022 Q2	608 153 €	643 138 €	4,08 M €+24,8%	65
2022 Q1	589 756 €	609 771 €	3,27 M €−17,3%	67
Total 2022:	3,42 M €	2,60 M €	15,7 M €
2021 Q4	1,10 M €	599 739,02 €	3,95 M €+42,0%	66
2021 Q3	481 222,42 €	503 268,97 €	2,78 M €+5,8%	63
2021 Q2	409 681,59 €	433 579,86 €	2,63 M €+29,8%	52
2021 Q1	444 002,55 €	461 709,03 €	2,03 M €+6,8%	48
Total 2021:	2,44 M €	2,00 M €	11,4 M €
2020 Q4	391 295,48 €	412 974,24 €	1,90 M €+105%	47
2020 Q3	370 621,16 €	391 246,66 €	924 072,76 €−36,2%	45
2020 Q2	269 732,51 €	283 275,89 €	1,45 M €+69,1%	42
2020 Q1	241 275 €	251 241 €	856 507 €−75,5%	34
Total 2020:	1,27 M €	1,34 M €	5,13 M €
2019 Q4	193 055 €	201 595 €	3,49 M €+2 423%	33
2019 Q3	180 417 €	189 923 €	138 464 €−7,2%	28
2019 Q2	152 617 €	162 423 €	149 254 €−40,7%	23
2019 Q1	163 085 €	169 604 €	251 723 €	21
Total 2019:	689 174 €	723 545 €	4,03 M €
2018 Q4	0 €	0 €	0 €	22
Total 2018:	0 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Programming	26 190 916 €	31 018 894 €	32 384 171 €
Retail sale of computers, peripherals and software			27 457 €
Wholesale of computers, peripherals and software	10 157 €	25 819 €

Tax debts

No tax debt found

No tax debt as of 23.10.2026

Representatives

	Personal ID code
Oleg Jurtšenko	37911XXXXXX	19.11.1979 (46)	Procurator	14.02.2025	-
Kristina Sisin	48503XXXXXX	11.03.1985 (41)	Procurator	10.06.2021	-
Nicklas Fredrik Barman	37502XXXXXX	11.02.1975 (51)	Board member	05.12.2018	-

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Shareholders

	Personal ID code
Dynamic Projects Sweden AB	55692XXXXXX	-	Shareholder	2 500 EUR	100,00%	Sole ownership	02.09.2023	-

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Other persons

	Personal ID code
Maris Alt	49202XXXXXX	06.02.1992 (34)	Founder	22.11.2018	-

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Ultimate beneficial owners

	Personal ID code
Ali Cicek	-	-	Indirect holding	17.04.2019	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 8 605 238 €
Monthly average: 2 868 413 €
Per employee: 27 849 €

Labour taxes

Turnover ratio: 12,62%
Tax ratio: 106,45%
Monthly average: 362 135 €
Per employee: 3 499 €

State taxes

Monthly average: 340 199 €
Turnover ratio: 11,86%

Estimated salary

Gross salary: 6 161 €
Net salary: 4 787 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	17 352 179 €+15,8%	14 985 663 €+18,0%	12 705 083 €+46,3%	8 683 647 €+26,6%	6 859 458 €+126%	3 030 747 €+415%	588 897 €
Non-current assets	187 296 €−16,0%	223 050 €−27,8%	308 804 €−20,7%	389 228 €+985%	35 873 €+61,5%	22 211 €	-
Total assets	17 539 475 €+15,3%	15 208 713 €+16,9%	13 013 887 €+43,4%	9 072 875 €+31,6%	6 895 331 €+126%	3 052 958 €+418%	588 897 €
Short-term liabilities	1 033 051 €+20,1%	859 886 €−7,4%	928 114 €+22,2%	759 638 €+55,9%	487 139 €+29,8%	375 170 €+102%	185 936 €
Long-term liabilities	-	-	-	-	8 035 €	-	-
Total liabilities	1 033 051 €+20,1%	859 886 €−7,4%	928 114 €+22,2%	759 638 €+53,4%	495 174 €+32,0%	375 170 €+102%	185 936 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	3 156 327 €+3 690%	83 273 €−73,2%	310 737 €−77,8%	1 397 657 €+161%	535 058 €+33,6%	400 461 €	-
Net profit	13 347 597 €−6,4%	14 263 054 €+21,2%	11 772 536 €+70,3%	6 913 080 €+17,9%	5 862 599 €+158%	2 274 827 €+468%	400 461 €
Equity	16 506 424 €+15,0%	14 348 827 €+18,7%	12 085 773 €+45,4%	8 313 237 €+29,9%	6 400 157 €+139%	2 677 788 €+565%	402 961 €
Turnover	32 411 628 €+4,4%	31 044 712 €+18,5%	26 201 074 €+46,0%	17 946 712 €+32,4%	13 559 507 €+90,8%	7 106 142 €+49,9%	4 740 000 €
Profit margin	41,2%	45,9%	44,9%	38,5%	43,2%	32,0%	8,4%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	8 141 675 €	6 398 264 €
Liquidity
Current ratio	11,4	14,1
Quick ratio	11,4	14,1
Cash ratio	7,9	10,7
Efficiency
Days sales outstanding (dso)	43,9	35,3
Asset turnover	2,2	2,7
Structure
Debt ratio	0,1	0,1
Profitability
Operating margin	45,1%	47,2%
Net profit margin	38,5%	43,2%
Return on assets (roa)	86,6%	117,9%
Return on equity (roe)	83,2%	91,6%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50107623 / 10	14.02.2025	Entry – Amendment entry	-	Entered into force14.02.2025
Ä 50107623 / M5	12.02.2025	Order to remedy deficiencies – Amendment entry	-	Deficiencies remedied14.02.2025
Ä 50107623 / M4	10.02.2025	Order to remedy deficiencies – Amendment entry	14.03.2025	Deficiencies remedied14.02.2025
Ä 50107623 / M3	31.01.2025	Order to remedy deficiencies – Amendment entry	12.03.2025	Deficiencies remedied14.02.2025
Ä 50107623 / 9	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023

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


14.09.2023	Eesti Töötukassa	154,80 €Received	OTHER GRANTSSocial protection of the unemployed
06.09.2023	Eesti Töötukassa	662,20 €Received	OTHER GRANTSSocial protection of the unemployed
01.08.2023	Eesti Töötukassa	516 €Received	OTHER GRANTSSocial protection of the unemployed

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


bwt.ee	Active	11.12.2018	12.12.2035
breakwater.ee	Active	11.12.2018	12.12.2035
breakwatertechnology.ee	Active	11.12.2018	12.12.2035

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.