Forthbound OÜ

Legal formLegal form:: Private limited company
Registry codeRegistry code:: 16344902
VAT no.VAT no.:: EE102425512
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 19.10.2021 (4 y)
Former business namesFormer business names:: Mubu Studio OÜ
CapitalCapital:: 2 500 EUR
AddressAddress:: Aiandi tn 5/1-17, Mustamäe linnaosa, Tallinn, Harju maakond, 12916
StatusStatus:: Registered
LEI codeLEI code:: 984500FE65E397706811 (expired 09.12.2022)

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Contacts

EmailEmail:: art@forthbound.ai

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Industries

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

VAT liability

VAT no.	Start	End
EE102425512	20.10.2021	-

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	01.07.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	02.07.2024	Valid	PDF
2022	19.10.2021 – 31.12.2022	07.03.2023	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 01.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations5 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	4 368 €	81 €	17 825 €	-
2026 Q1	1 158 €	272 €	0 €	-
Total 2026:	5 526 €	353 €	17 825 €
2025 Q4	1 673 €	326 €	0 €	-
2025 Q3	2 008 €	1 843 €	0 €	-
2025 Q2	2 574 €	1 633 €	0 €	-
2025 Q1	892 €	106 €	0 €−100%	-
Total 2025:	7 147 €	3 908 €	0 €
2024 Q4	3 184 €	1 861 €	131 €	-
2024 Q3	3 190 €	1 861 €	0 €	1
2024 Q2	4 434 €	1 861 €	0 €−100%	1
2024 Q1	2 928 €	2 105 €	24 €−95,7%	1
Total 2024:	13 736 €	7 688 €	155 €
2023 Q4	3 184 €	1 861 €	556 €+755%	1
2023 Q3	1 934 €	1 861 €	65 €−15,6%	1
2023 Q2	3 956 €	1 364 €	77 €−25,2%	1
2023 Q1	1 597 €	1 751 €	103 €−99,1%	1
Total 2023:	10 671 €	6 837 €	801 €
2022 Q4	3 051 €	3 307 €	10 999 €−60,9%	1
2022 Q3	3 796 €	4 116 €	28 111 €−6,2%	1
2022 Q2	4 678 €	5 071 €	29 975 €+4,5%	1
2022 Q1	4 474 €	4 851 €	28 675 €+57,3%	1
Total 2022:	15 999 €	17 345 €	97 760 €
2021 Q4	1 559,18 €	1 690,41 €	18 234,66 €	1
Total 2021:	1 559,18 €	1 690,41 €	18 234,66 €

Revenue by industry

	2023	2024	2025
Programming	105 254 €	81 665 €	314 €

Tax debts

No tax debt found

No tax debt as of 01.10.2026

Representatives

	Personal ID code
Artjom Mašanin	39703XXXXXX	11.03.1997 (29)	Board member	19.10.2021	-

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Shareholders

	Personal ID code
Artjom Mašanin	39703XXXXXX	11.03.1997 (29)	Shareholder	2 500 EUR	100,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
Artjom Mašanin	39703XXXXXX	11.03.1997 (29)	Founder	18.10.2021	-

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Ultimate beneficial owners

	Personal ID code
Artjom Mašanin	39703XXXXXX	11.03.1997 (29)	Direct holding	19.10.2021	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount: 17 825 €
Monthly average: 5 942 €
Per employee: -
Equity ratio: 237,67%

Labour taxes

Turnover ratio: 0,45%
Tax ratio: 1,85%
Monthly average: 27 €
Per employee: -

State taxes

Monthly average: 1 456 €
Turnover ratio: 24,50%

Estimated salary

Gross salary: -
Net salary: -

Aggregate data

	2025	2024	2023	2022
Current assets	32 488 €−61,9%	85 268 €−14,0%	99 142 €+26,2%	78 562 €
Non-current assets	5 489 €−33,3%	8 227 €−3,4%	8 517 €+47,3%	5 783 €
Total assets	37 977 €−59,4%	93 495 €−13,2%	107 659 €+27,6%	84 345 €
Short-term liabilities	15 897 €−45,6%	29 197 €−52,6%	61 605 €+2 660%	2 232 €
Long-term liabilities	-	-	-	-
Total liabilities	15 897 €−45,6%	29 197 €−52,6%	61 605 €+2 660%	2 232 €
Share or stock capital	-	-	-	-
Retained earnings	61 798 €+42,3%	43 423 €+173%	15 923 €	-
Net profit	-42 218 €−330%	18 375 €−33,5%	27 631 €−65,3%	79 613 €
Equity	22 080 €−65,7%	64 298 €+39,6%	46 054 €−43,9%	82 113 €
Turnover	314 €−99,6%	81 665 €−22,4%	105 254 €−28,3%	146 882 €
Profit margin	-13 445,2%	22,5%	26,3%	54,2%

Financial ratios

	2025	2024	2023	2022
Profit and cash flow
EBITDA				80 618 €
Liquidity
Current ratio				35,2
Quick ratio				35,2
Cash ratio				0,0
Efficiency
Days sales outstanding (dso)				-
Asset turnover				1,7
Structure
Debt ratio				0,0
Profitability
Operating margin				54,2%
Net profit margin				54,2%
Return on assets (roa)				94,4%
Return on equity (roe)				97,0%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50186213 / 5	31.08.2026	Entry – Amendment entry	-	Entered into force31.08.2026
Ä 50186213 / 4	01.09.2023	Entry – Amendment entry	-	Entered into force01.09.2023
Ä 50186213 / 3	20.02.2023	Entry – Amendment entry	-	Entered into force20.02.2023
Ä 50186213 / 2	09.11.2021	Entry – Amendment entry under CRA § 525 (2)	-	Entered into force09.11.2021
Ä 50186213	19.10.2021	Entry – Initial entry	-	Entered into force19.10.2021

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

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.