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SummaryLegal & StatusTimelineNetworkOwnership & ManagementShareholdersUltimate Beneficial OwnerGeographyFinancialsFinancial HealthDocuments

Thorgate Digital OÜ

🇪🇪Estonia•Osaühing•Active

Summary

Country🇪🇪Estonia
StatusActive
Registration Number14376128
Founded22/11/2017
AddressMäealuse Tn 2/1, Mustamäe Linnaosa, Tallinn, Harju Maakond, Tallinn, Harju Maakond, 12618

Legal & Status

Legal FormOsaühing
StatusActive
Registration Date22/11/2017
Registry AuthorityEstonian Business Register / Äriregister
Registered Capital3,000

Source: Estonia RIK · Last updated: 24/04/2026

Timeline (3 events)

24/04/2026

Legal form changed

→ Osaühing

12/06/2024

Appointed Karl Õkva (person)

Appointed as Officer

22/11/2017

Company incorporated

Incorporation date: 2017-11-22

Network

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Network depth

Ownership & Management

Persons with significant control

Raido Pikkar

Person with significant control

Appointed: 01/08/2023

—
Toomas Uripea

Person with significant control

Appointed: 18/09/2018

—

Officers & directors

Karl Õkva

Officer

Appointed: 12/06/2024

—

Ownership Timeline (2 changes)

01/08/2023

Appointed Raido Pikkar (person)

Person with significant control

18/09/2018

Appointed Toomas Uripea (person)

Person with significant control

Shareholders

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Ultimate Beneficial Owner

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Geography

Headquarters

Mäealuse Tn 2/1

Mustamäe Linnaosa, Tallinn, Harju Maakond

Tallinn

Harju Maakond

12618

Financials

Key figures from annual accounts filings.

Convert to

2019

Turnover: €1.9M

Key figures

Turnover

2019€1,897,162
2020€1,376,475
2021€1,361,649
2022€1,248,773
2023€1,326,987
2024€1,142,570

Revenue

2019€1,897,162
2020€1,376,475
2021€1,361,649
2022€1,248,773
2023€1,326,987
2024€1,142,570

Profit / (loss)

2019€-118,553
2020€-110,225
2021€-21,236
2022€-49,638
2023€-20,825
2024€46,217

Total assets

2019€291,415
2020€207,183
2021€376,319
2022€375,122
2023€440,195
2024€417,721

Equity

2019€9,243
2020€4,018
2021€81,197
2022€31,559
2023€10,734
2024€56,953

Share Capital

2019€3,000
2020€3,000
2021€3,000
2022€3,000
2023€3,000
2024€3,000

Current Assets

2019€273,301
2020€198,439
2021€256,662
2022€247,671
2023€187,826
2024€158,089

Admin expenses

2019€-1,165,010
2020€922,039
2021€813,528
2022€778,098
2023€913,785
2024€794,062

Assets

2019€291,415
2020€207,183
2021€376,319
2022€375,122
2023€440,195
2024€417,721

Average Number Of Employees In Full Time Equivalent Units

201927
202020
202118
202216
202316
202413

Cash And Cash Equivalents

2019€70,244
2020€38,356
2021€38,969
2022€44,016
2023€8,075
2024€31,934

Current Liabilities

2019€282,172
2020€203,165
2021€295,122
2022€343,563
2023€429,461
2024€360,768

Depreciation And Impairment Loss Reversal

2019€-10,467
2020€-9,664
2021€-30,961
2022€-30,971
2023€-47,587
2024€-83,028

Employee Expense

2019€-1,165,010
2020€-922,039
2021€-813,527
2022€-778,097
2023€-913,785
2024€-794,062

Issued Capital

2019€3,000
2020€3,000
2021€3,000
2022€3,000
2023€3,000
2024€3,000

Labor Expense

2019€-1,165,010
2020€922,039
2021€813,528
2022€778,098
2023€913,785
2024€794,062

Non Current Assets

2019€18,114
2020€8,744
2021€119,657
2022€127,451
2023€252,369
2024€259,632

Retained Earnings Loss

2019€-13,326
2020€-131,879
2021€-143,689
2022€-164,925
2023€-214,563
2024€-235,386

Total Annual Period Profit Loss

2019€-118,553
2020€-110,225
2021€-21,236
2022€-49,638
2023€-20,825
2024€46,217

Total Profit Loss

2019€-116,932
2020€-109,277
2021€-20,651
2022€-49,420
2023€-12,713
2024€55,054

Total Profit Loss Before Tax

2019€-118,553
2020€-110,225
2021€-21,236
2022€-49,638
2023€-20,825
2024€46,217
Metric201920202021202220232024
Turnover€1,897,162€1,376,475€1,361,649€1,248,773€1,326,987€1,142,570
Revenue€1,897,162€1,376,475€1,361,649€1,248,773€1,326,987€1,142,570
Profit / (loss)€-118,553€-110,225€-21,236€-49,638€-20,825€46,217
Total assets€291,415€207,183€376,319€375,122€440,195€417,721
Equity€9,243€4,018€81,197€31,559€10,734€56,953
Share Capital€3,000€3,000€3,000€3,000€3,000€3,000
Current Assets€273,301€198,439€256,662€247,671€187,826€158,089
Admin expenses€-1,165,010€922,039€813,528€778,098€913,785€794,062
Assets€291,415€207,183€376,319€375,122€440,195€417,721
Average Number Of Employees In Full Time Equivalent Units272018161613
Cash And Cash Equivalents€70,244€38,356€38,969€44,016€8,075€31,934
Current Liabilities€282,172€203,165€295,122€343,563€429,461€360,768
Depreciation And Impairment Loss Reversal€-10,467€-9,664€-30,961€-30,971€-47,587€-83,028
Employee Expense€-1,165,010€-922,039€-813,527€-778,097€-913,785€-794,062
Issued Capital€3,000€3,000€3,000€3,000€3,000€3,000
Labor Expense€-1,165,010€922,039€813,528€778,098€913,785€794,062
Non Current Assets€18,114€8,744€119,657€127,451€252,369€259,632
Retained Earnings Loss€-13,326€-131,879€-143,689€-164,925€-214,563€-235,386
Total Annual Period Profit Loss€-118,553€-110,225€-21,236€-49,638€-20,825€46,217
Total Profit Loss€-116,932€-109,277€-20,651€-49,420€-12,713€55,054
Total Profit Loss Before Tax€-118,553€-110,225€-21,236€-49,638€-20,825€46,217

Documents

Document downloads are not available yet for French companies.

Annual report

Accounts for the accounting period ending on: 31/12/2024

Filed: 30/06/2025

Muutmiskanne

12/06/2024

Annual report

Accounts for the accounting period ending on: 31/12/2023

Filed: 12/06/2024

Annual report

Accounts for the accounting period ending on: 31/12/2022

Filed: 12/05/2023

Annual report

Accounts for the accounting period ending on: 31/12/2021

Filed: 27/05/2022

Annual report

Accounts for the accounting period ending on: 31/12/2020

Filed: 04/05/2021

Annual report

Accounts for the accounting period ending on: 31/12/2019

Filed: 16/06/2020

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Muutmiskanne

19/03/2020

Muutmiskanne

19/06/2019

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YoY revenue (2023 vs 2024)YoY revenue
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Financial Health

Derived ratios from annual accounts. Values are omitted when data is missing or not meaningful.

Margins

Net margin (2019)
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Administrative expenses % of revenue (2019)
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Net margin (2020)
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Net margin (2021)
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Administrative expenses % of revenue (2021)
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Net margin (2022)
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Administrative expenses % of revenue (2022)
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Net margin (2023)
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Administrative expenses % of revenue (2023)
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Net margin (2024)
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Administrative expenses % of revenue (2024)
69.5%

Growth

YoY revenue (2019 vs 2020)
-27.4%
YoY profit / (loss) (2019 vs 2020)
+7%
YoY total assets (2019 vs 2020)
-28.9%
YoY revenue (2020 vs 2021)
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YoY profit / (loss) (2020 vs 2021)
+80.7%
YoY total assets (2020 vs 2021)
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YoY revenue (2021 vs 2022)
-8.3%
YoY profit / (loss) (2021 vs 2022)
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YoY total assets (2021 vs 2022)
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YoY revenue (2022 vs 2023)
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YoY profit / (loss) (2022 vs 2023)
+58%
YoY total assets (2022 vs 2023)
+17.3%
YoY revenue (2023 vs 2024)
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YoY profit / (loss) (2023 vs 2024)
+321.9%
YoY total assets (2023 vs 2024)
-5.1%
CAGR revenue (2019–2024)
-9.6%
CAGR total assets (2019–2024)
+7.5%

Efficiency & returns

Asset turnover (2019)
6.51×
Return on assets (net) (2019)
-40.7%
Asset turnover (2020)
6.64×
Return on assets (net) (2020)
-53.2%
Asset turnover (2021)
3.62×
Return on assets (net) (2021)
-5.6%
Asset turnover (2022)
3.33×
Return on assets (net) (2022)
-13.2%
Asset turnover (2023)
3.01×
Return on assets (net) (2023)
-4.7%
Asset turnover (2024)
2.74×
Return on assets (net) (2024)
11.1%

Working capital & liquidity

Current ratio (2019)
0.97×
Current ratio (2020)
0.98×
Current ratio (2021)
0.87×
Current ratio (2022)
0.72×
Current ratio (2023)
0.44×
Current ratio (2024)
0.44×

Capital structure

Equity ratio (2019)
3.2%
Liabilities to total assets (2019)
96.8%
Liabilities to equity (2019)
30.53×
Equity ratio (2020)
1.9%
Liabilities to total assets (2020)
98.1%
Liabilities to equity (2020)
50.56×
Equity ratio (2021)
21.6%
Liabilities to total assets (2021)
78.4%
Liabilities to equity (2021)
3.63×
Equity ratio (2022)
8.4%
Liabilities to total assets (2022)
91.6%
Liabilities to equity (2022)
10.89×
Equity ratio (2023)
2.4%
Liabilities to total assets (2023)
97.6%
Liabilities to equity (2023)
40.01×
Equity ratio (2024)
13.6%
Liabilities to total assets (2024)
86.4%
Liabilities to equity (2024)
6.33×
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