Bilance Technology OÜ

Legal form:: Private limited company
Registry code:: 14637103
VAT no.:: EE102631335
Fiscal-year period:: 01.01 - 31.12
Established:: 07.01.2019 (7 y)
Capital:: 3 368,51 EUR
Address:: Spordi tn 10a-5, Kristiine linnaosa, Tallinn, Harju maakond, 11315
Status:: Registered

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Contacts

Email:: mihkel.vetemaa@gmail.com

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Industries

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

Industry TOPNo. 724 of 4815 companies

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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 €

724.Bilance Technology OÜ563.9k €

Main activity 62101 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102631335	03.07.2023	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	01.07.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	06.05.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	09.05.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	19.09.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	04.07.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	12.04.2022	Valid	PDF
2019	07.01.2019 – 31.12.2019	24.03.2022	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations20 Public transactions1 Grants–State aid2 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	21 599 €	23 621 €	129 537 €−17,6%	5
2026 Q2	19 089 €	20 699 €	157 153 €−17,1%	5
2026 Q1	14 019 €	15 492 €	189 636 €+117%	5
Total 2026:	54 707 €	59 812 €	476 326 €
2025 Q4	21 201 €	22 575 €	87 560 €−15,4%	5
2025 Q3	24 268 €	26 391 €	103 463 €−15,7%	5
2025 Q2	19 921 €	21 958 €	122 768 €−3,8%	5
2025 Q1	11 556 €	12 297 €	127 554 €+121%	5
Total 2025:	76 946 €	83 221 €	441 345 €
2024 Q4	10 002 €	11 491 €	57 705 €−17,3%	4
2024 Q3	23 479 €	25 338 €	69 765 €−5,4%	5
2024 Q2	18 103 €	19 259 €	73 745 €+0,9%	5
2024 Q1	15 455 €	16 489 €	73 113 €+43,6%	4
Total 2024:	67 039 €	72 577 €	274 328 €
2023 Q4	8 313 €	8 954 €	50 897 €+420%	4
2023 Q3	11 687 €	12 637 €	9 783 €	4
2023 Q2	5 488 €	5 996 €	-	4
2023 Q1	5 243 €	5 731 €	-	4
Total 2023:	30 731 €	33 318 €	60 680 €
2022 Q4	-	-	-	2
2022 Q2	75 €	0 €	-	-
Total 2022:	75 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Programming	104 853 €	169 121 €	281 833 €

Tax debts

No tax debt found

No tax debt as of 14.10.2026

Representatives

	Personal ID code
Erik Martin Vetemaa	39803XXXXXX	03.03.1998 (28)	Board member	05.12.2022	-
Mihkel Vetemaa	39011XXXXXX	05.11.1990 (35)	Board member	07.01.2019	-

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Shareholders

	Personal ID code
Erik Martin Vetemaa	39803XXXXXX	03.03.1998 (28)	Shareholder	1 410,46 EUR	41,87%	Sole ownership	28.03.2025	-
Mihkel Vetemaa	39011XXXXXX	05.11.1990 (35)	Shareholder	1 125 EUR	33,40%	Sole ownership	03.09.2023	-
Usaldusfond Specialist VC Primary and Secondary Fund II	16392077	16.12.2021 (4)	Shareholder	354,43 EUR	10,52%	Sole ownership	28.03.2025	-
Thorgate Ventures III OÜ	14799745	09.09.2019 (7)	Shareholder	190,46 EUR	5,65%	Sole ownership	28.03.2025	-
Thorgate Ventures III OÜ	14799745	09.09.2019 (7)	Shareholder	70,52 EUR	2,09%	Sole ownership	14.05.2025	-

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Other persons

	Personal ID code
Mihkel Vetemaa	39011XXXXXX	05.11.1990 (35)	Founder	15.12.2018	-
Olev Peters	37110XXXXXX	28.10.1971 (54)	Founder	15.12.2018	-

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Ultimate beneficial owners

	Personal ID code
Erik Martin Vetemaa	39803XXXXXX	03.03.1998 (28)	Direct holding	26.01.2022	-
Mihkel Vetemaa	39011XXXXXX	05.11.1990 (35)	Direct holding	19.07.2020	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 129 537 €
Monthly average: 43 179 €
Per employee: 8 636 €
Equity ratio: 1 281,84%

Labour taxes

Turnover ratio: 18,23%
Tax ratio: 109,36%
Monthly average: 7 874 €
Per employee: 1 575 €

State taxes

Monthly average: 7 200 €
Turnover ratio: 16,67%

Estimated salary

Gross salary: 2 878 €
Net salary: 2 318 €

Aggregate data

	2025	2024	2023	2022	2021
Current assets	99 510 €+74,4%	57 063 €−77,5%	253 686 €+462%	45 160 €+9 135%	489 €
Non-current assets	208 518 €+48,2%	140 724 €+263%	38 726 €+512%	6 332 €	-
Total assets	308 028 €+55,7%	197 787 €−32,4%	292 412 €+468%	51 492 €+10 430%	489 €
Short-term liabilities	57 799 €−9,6%	63 952 €+167%	23 934 €+236%	7 118 €	-
Long-term liabilities	85 741 €	-	-	-	-
Total liabilities	143 540 €+124%	63 952 €+167%	23 934 €+236%	7 118 €	-
Share or stock capital	-	-	-	-	-
Retained earnings	-213 772 €−170%	-79 129 €−2 390%	-3 178 €−750%	489 €	-
Net profit	-69 364 €+48,5%	-134 643 €−77,3%	-75 951 €−1 971%	-3 667 €−850%	489 €
Equity	164 488 €+22,9%	133 835 €−50,2%	268 478 €+505%	44 374 €+8 974%	489 €
Turnover	281 833 €+66,6%	169 121 €+61,3%	104 853 €+669%	13 629 €+2 626%	500 €
Profit margin	-24,6%	-79,6%	-72,4%	-26,9%	97,8%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-3 036 €	-
Liquidity
Current ratio	6,3	-
Quick ratio	6,3	-
Cash ratio	5,8	-
Efficiency
Days sales outstanding (dso)	107,0	-
Asset turnover	0,5	1,0
Structure
Debt ratio	0,1	1,0
Profitability
Operating margin	-26,9%	97,8%
Net profit margin	-26,9%	97,8%
Return on assets (roa)	-14,1%	100,0%
Return on equity (roe)	-8,3%	100,0%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50109199 / 13	16.09.2026	Entry – Amendment entry	-	Entered into force16.09.2026
Ä 50109199 / 12	14.08.2026	Entry – Amendment entry	-	Entered into force14.08.2026
Ä 50109199 / 11	14.05.2025	Entry – Amendment entry	-	Entered into force14.05.2025
Ä 50109199 / M7	13.05.2025	Order to remedy deficiencies – Change of shareholders	-	Deficiencies remedied14.05.2025
Ä 50109199 / 10	28.03.2025	Entry – Amendment entry	-	Entered into force28.03.2025

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


14.10.2025	Majandus- ja Kommunikatsiooniministeerium	1 229,77 €Received	OTHER GRANTSR&D in general economic, trade and labour policy

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


25.09.2026	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718	T&A VTA › T&A VTAGrant	1 416,57 €	241718/2600342
03.10.2025	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 241718	T&A VTA › T&A VTAGrant	1 229,77 €	241718/2500492

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.