About the data

EMTA publishes, for every Estonian legal entity, the state taxes paid, labour taxes paid, VAT-declared turnover and employee count for each quarter — usually around the 10th of the month after the quarter ends. We ingest each release automatically, keep every published figure (including later corrections), and recompute the site the same day.

The startup list itself is curated by people — originally seeded from the Estonian Founders Society's list — and a company's profile (name, website, sectors) is maintained by its community editors. The numbers are never editable.

"Revenue" on this site is Estonian VAT-declared turnover: the sum of lines 1+2+3 of the VAT declaration — taxable transactions declared in Estonia, including reverse-charge purchases. It is not consolidated group revenue. Export-heavy companies and companies whose revenue is booked by a foreign parent show far less here than their real business (their profiles carry a warning when we know about it).

The window is also shifted by one month: the file published in April covers December–February turnover, not January–March. Tax and employee figures are not shifted.

"Taxes paid" is EMTA's Riiklikud maksud figure: total state taxes paid during the quarter, cash basis, net of refunds. EMTA also publishes a separate labour-taxes series; it overlaps with the state-tax total, so the two are never added together here — what you see is the state-tax series alone. A VAT refund can legitimately make a quarter's figure small or even negative.

The employee count is taken from the employment register on the last day of the quarter, and it excludes board members. A company run entirely by its founders on board-member contracts shows no employees at all. The count is a snapshot; labour taxes are a cash-basis sum over the quarter — the two do not line up perfectly.

A 0 means the declarations computed to zero. A — (empty) means there is no data: the company files inside a VAT group, had no declaration due, or didn't exist yet. We never turn an empty into a zero, and percentage changes are simply not shown when the base is missing or zero.

EMTA publishes a daily list of companies owing at least €100 of tax, and we refresh it weekly. We deliberately do not show it on these pages: a debt balance is a snapshot of one moment, often has a payment plan behind it, and says far less about a company than it appears to. It informs the quarterly reports, where entries and exits can be read in context alongside the rest of a company's quarter.

Registry codes starting with a letter are EMTA-issued identifiers for non-resident employers. They are real economic activity in Estonia, but such entities are not Estonian companies in the business register.

Previously published quarters get restated: declarations are corrected, audits conclude, errors are fixed. We re-process the full files on every release, store every version of every figure, and flag material restatements in the quarterly report. What you see is always the latest EMTA position; the history of changes is preserved, not overwritten.

Two different things can be wrong here, and they are fixed in different ways.

The numbers come straight from EMTA and we never edit them. They do contain mistakes: companies misfile declarations, corrections arrive late, one-off transactions distort a quarter, and a group's Estonian entity can look nothing like the group. If a figure looks implausible, it is usually genuinely what was declared — but tell us anyway. We can check it against the raw file, explain what happened, and flag the company where the data is known to mislead.

Everything else — the company's name, website, sector, and whether it belongs on this list at all — is maintained by people and is straightforwardly correctable. Suggest a correction (a free account is all it takes) and an admin reviews it. Missing company? Suggest it here.