Osaühing Top Connect

Legal form:: Private limited company
Registry code:: 10668897
VAT no.:: EE100615353
Fiscal-year period:: 01.01 - 31.12
Established:: 26.04.2000 (26 y)
Capital:: 1 000 000 EUR
Address:: Väike-Paala tn 1, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415
Status:: Registered
LEI code:: 254900ARZJLXBW364A75 (expired 03.10.2025)
E-invoice reception:: Unifiedpost

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Contacts

Phone:: +372 6062500
Email:: accounting.department@topconnect.ee

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Industries

ELECTRONIC COMMUNICATIONS SERVICES, PROGRAMMING, CONSULTANCY, DATA-INFRASTRUCTURE AND OTHER INFORMATION ACTIVITIES
Electronic communications service
61201 – Resale and brokerage services of electronic communications

Industry TOPNo. 5 of 49 companies

1.Tele2 Eesti Aktsiaselts133.2M €
2.Dexatel OÜ38.2M €
3.AS Levira21.1M €
4.Mobile response OÜ14.9M €
5.Osaühing Top Connect4.7M €
6.RSTA OÜ1.7M €
7.VERSA INTERNET SERVICES OÜ773.5k €
8.4thCode OÜ753.3k €
9.SkyTel OÜ625.4k €
10.Narayana OÜ525.6k €

Main activity 61201 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100615353	01.06.2000	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	21.04.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	09.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	02.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	16.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	17.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	13.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	03.06.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	29.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	06.06.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	29.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	13.05.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	11.06.2014	Valid	PDF
2013	01.01.2013 – 31.12.2013	10.06.2014	Expired	PDF
2012	01.01.2012 – 31.12.2012	25.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	03.05.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	28.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	02.07.2010	Valid	PDF
2009	01.01.2009 – 31.12.2009	03.06.2010	Expired	PDF
2008	01.01.2008 – 31.12.2008	29.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	31.07.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	06.08.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	14.09.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	29.08.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	10.05.2004	Valid	PDF
2002	01.01.2002 – 31.12.2002	31.12.2003	Valid	PDF
2001	01.01.2001 – 31.12.2001	03.10.2002	Valid	PDF
2000	01.01.2000 – 31.12.2000	21.01.2002	Valid	PDF

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No unsubmitted declarations as of 21.10.2026.

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Tax debt Reports Declarations Court decisions7 Official announcements3 TTJA decisions2 Real estate–.ee domains10 Licenses21 Regulations44 Public transactions5 Grants6 State aid30 Public procurement1 Holdings in companies1 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	154 362 €	149 249 €	994 016 €−8,8%	26
2026 Q2	138 130 €	148 003 €	1,09 M €−13,4%	28
2026 Q1	136 797 €	146 359 €	1,26 M €−6,1%	29
Total 2026:	429 289 €	443 611 €	3,34 M €
2025 Q4	149 259 €	158 685 €	1,34 M €−10,1%	29
2025 Q3	152 261 €	162 031 €	1,49 M €−11,2%	29
2025 Q2	155 044 €	164 841 €	1,68 M €−23,1%	30
2025 Q1	79 723 €	165 637 €	2,18 M €−22,9%	31
Total 2025:	536 287 €	651 194 €	6,70 M €
2024 Q4	87 398 €	174 899 €	2,83 M €+33,1%	31
2024 Q3	214 308 €	241 238 €	2,13 M €+21,5%	31
2024 Q2	194 093 €	204 468 €	1,75 M €−28,4%	34
2024 Q1	213 046 €	221 880 €	2,45 M €+31,7%	36
Total 2024:	708 845 €	842 485 €	9,17 M €
2023 Q4	235 229 €	223 672 €	1,86 M €−0,8%	39
2023 Q3	191 080 €	203 326 €	1,88 M €−6,6%	38
2023 Q2	228 205 €	220 289 €	2,01 M €+21,3%	35
2023 Q1	185 059 €	194 414 €	1,66 M €−25,4%	31
Total 2023:	839 573 €	841 701 €	7,40 M €
2022 Q4	154 147 €	163 192 €	2,22 M €+1,9%	31
2022 Q3	263 914 €	174 085 €	2,18 M €−1,1%	30
2022 Q2	143 433 €	152 540 €	2,20 M €+8,5%	32
2022 Q1	165 260 €	174 162 €	2,03 M €+5,8%	29
Total 2022:	726 754 €	663 979 €	8,62 M €
2021 Q4	142 189,23 €	151 315,73 €	1,91 M €−1,3%	30
2021 Q3	336 969,11 €	185 873,92 €	1,94 M €+24,3%	33
2021 Q2	104 185,79 €	110 850,57 €	1,56 M €−33,3%	33
2021 Q1	160 155,21 €	170 730,06 €	2,34 M €+67,2%	35
Total 2021:	743 499,34 €	618 770,28 €	7,75 M €
2020 Q4	146 347,34 €	156 434,68 €	1,40 M €−13,1%	34
2020 Q3	172 462,66 €	181 238,76 €	1,61 M €+9,7%	36
2020 Q2	370 667,37 €	181 493,77 €	1,47 M €−53,7%	51
2020 Q1	329 207 €	337 703 €	3,17 M €−2,0%	61
Total 2020:	1,02 M €	856 870,21 €	7,64 M €
2019 Q4	259 427 €	265 699 €	3,23 M €−13,2%	67
2019 Q3	312 089 €	316 898 €	3,72 M €+9,1%	70
2019 Q2	481 929 €	273 929 €	3,41 M €−16,5%	64
2019 Q1	268 531 €	276 046 €	4,09 M €−9,8%	64
Total 2019:	1,32 M €	1,13 M €	14,4 M €
2018 Q4	241 029 €	254 216 €	4,53 M €−15,3%	63
2018 Q3	261 008 €	274 448 €	5,35 M €+18,4%	59
2018 Q2	263 249 €	276 548 €	4,51 M €	62
2018 Q1	544 875 €	311 528 €	4,51 M €−5,9%	67
Total 2018:	1,31 M €	1,12 M €	18,9 M €
2017 Q4	288 430 €	306 611 €	4,79 M €−24,4%	75
2017 Q3	329 614 €	349 736 €	6,34 M €+13,0%	87
2017 Q2	313 656 €	332 266 €	5,61 M €−8,5%	93
2017 Q1	325 563 €	345 217 €	6,14 M €+27,8%	87
Total 2017:	1,26 M €	1,33 M €	22,9 M €
2016 Q4	266 918 €	281 671 €	4,80 M €−13,7%	81
2016 Q3	311 606 €	326 370 €	5,56 M €+17,6%	81
2016 Q2	262 261 €	277 426 €	4,73 M €−6,5%	81
2016 Q1	288 620 €	296 822 €	5,06 M €−29,5%	81
Total 2016:	1,13 M €	1,18 M €	20,2 M €
2015 Q4	266 452 €	282 782 €	7,18 M €−4,7%	88
2015 Q3	279 631 €	296 832 €	7,53 M €+4,0%	88
2015 Q2	267 164 €	285 305 €	7,24 M €−8,7%	88
2015 Q1	297 462 €	312 330 €	7,93 M €	88
Total 2015:	1,11 M €	1,18 M €	29,9 M €

Revenue by industry

	2023	2024	2025
Resale and brokerage services of electronic communications		8 102 326 €	5 923 224 €
Other electronic communications services	7 183 244 €

Tax debts

No tax debt found

No tax debt as of 21.10.2026

Representatives

	Personal ID code
Funn Loong Colin Chew	37709XXXXXX	08.09.1977 (49)	Board member	30.05.2024	-

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Shareholders

	Personal ID code
Velos IoT Jersey Limited	13307X	-	Shareholder	950 000 EUR	95,00%	Sole ownership	30.06.2022	-
Osaühing Top Connect	10668897	26.04.2000 (26)	Shareholder	50 000 EUR	5,00%	Sole ownership	30.06.2022	-

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Other persons

	Personal ID code
OÜ Ermitex Investeeringud	10616506	13.12.1999 (26)	Founder	26.04.2000	-

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Ultimate beneficial owners

	Personal ID code
Funn Loong Colin Chew	37709XXXXXX	08.09.1977 (49)	Member of higher governing body (board or supervisory board)	17.06.2024	-

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Holdings in companies


Osaühing Top Connect	26.04.2000	Shareholder	50 000 EUR	5,00%	Sole ownership	30.06.2022	-

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2026 Q3

Turnover

Amount: 994 016 €
Monthly average: 331 339 €
Per employee: 12 744 €
Equity ratio: 33,13%

Labour taxes

Turnover ratio: 15,01%
Tax ratio: 96,69%
Monthly average: 49 750 €
Per employee: 1 843 €

State taxes

Monthly average: 51 454 €
Turnover ratio: 15,53%

Estimated salary

Gross salary: 3 335 €
Net salary: 2 662 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	2 445 291 €−11,6%	2 765 202 €+9,2%	2 532 036 €+5,8%	2 393 360 €−69,2%	7 772 633 €−59,1%	18 987 200 €−18,8%	23 385 396 €
Non-current assets	803 570 €−35,1%	1 237 446 €−20,0%	1 546 516 €+14,7%	1 348 360 €−20,1%	1 686 982 €−88,7%	14 992 818 €−2,4%	15 361 840 €
Total assets	3 248 861 €−18,8%	4 002 648 €−1,9%	4 078 552 €+9,0%	3 741 720 €−60,4%	9 459 615 €−72,2%	33 980 016 €−12,3%	38 747 236 €
Short-term liabilities	1 494 416 €−42,6%	2 605 017 €+18,8%	2 192 158 €−5,1%	2 309 200 €−70,2%	7 751 759 €+176%	2 805 298 €−46,0%	5 191 525 €
Long-term liabilities	-	958 €−99,9%	1 453 183 €+462 697%	314 €−31,3%	457 €−9,3%	504 €−99,5%	94 389 €
Total liabilities	1 494 416 €−42,7%	2 605 975 €−28,5%	3 645 341 €+57,8%	2 309 514 €−70,2%	7 752 216 €+176%	2 805 802 €−46,9%	5 285 914 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	446 673 €+186%	-516 789 €−207%	482 206 €+42,4%	338 573 €+103%	-9 804 977 €−144%	22 396 320 €−6,2%	23 876 508 €
Net profit	357 772 €−62,9%	963 462 €+196%	-998 995 €−796%	143 633 €−90,5%	1 512 376 €+224%	-1 222 105 €−194%	-415 187 €
Equity	1 754 445 €+25,6%	1 396 673 €+222%	433 211 €−69,8%	1 432 206 €−16,1%	1 707 399 €−94,5%	31 174 216 €−6,8%	33 461 320 €
Turnover	5 923 224 €−26,9%	8 102 326 €+12,8%	7 183 244 €+5,3%	6 823 403 €+13,8%	5 993 837 €+7,4%	5 578 657 €−49,1%	10 966 986 €
Profit margin	6,0%	11,9%	-13,9%	2,1%	25,2%	-21,9%	-3,8%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	859 641 €	1 345 937 €
Liquidity
Current ratio	1,0	1,0
Quick ratio	0,9	1,0
Cash ratio	0,2	0,8
Efficiency
Days sales outstanding (dso)	87,7	221,3
Asset turnover	1,0	0,3
Structure
Debt ratio	0,6	0,8
Profitability
Operating margin	3,5%	10,7%
Net profit margin	2,1%	25,2%
Return on assets (roa)	2,2%	7,0%
Return on equity (roe)	10,0%	88,6%

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Licences & notices


License	NLT21/2250	Number licences	Valid	10.05.2021	09.05.2023
License	NLT19/0298	Number licences	Valid	18.01.2019	17.01.2023
License	NLT19/0030	Number licences	Valid	03.01.2019	02.01.2023
License	NLT17/8589	Number licences	Valid	07.12.2017	06.12.2023
License	NLT17/3500	Number licences	Valid	16.05.2017	15.05.2023

Regulations


Ä 10048743 / 38	24.08.2026	Entry – Amendment entry	-	Entered into force24.08.2026
Ä 10048743 / M13	13.08.2026	Directive order – Amendment entry	23.08.2026	Entered into force13.08.2026
Ä 10048743 / 37	10.11.2025	Entry – Amendment entry	-	Entered into force10.11.2025
Ä 10048743 / 36	17.07.2024	Entry – Amendment entry	-	Entered into force17.07.2024
Ä 10048743 / 35	03.07.2024	Entry – Amendment entry	-	Entered into force03.07.2024

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions


-	-	In favour of the consumer	01.12.2014
-	-	In favour of the consumer	01.12.2014

Court decisions


2-24-7590/17	Kohtu I astme menetlus	Court ruling	Bankruptcy law	Karin Sonntak	ECLI:EE:HMK:2024:2.24.7590.21986	06.12.2024	Open
2-20-14417/51	Apellatsioonmenetlus	Court judgment	Law of obligations	ANNA LIIV, Gea Lepik, Ele Liiv	ECLI:EE:TLRK:2023:2.20.14417.8628	21.04.2023	Open
2-20-14417/39	Kohtu I astme menetlus	Court judgment	Law of obligations	Anu Uritam	ECLI:EE:HMK:2022:2.20.14417.26549	10.06.2022	Open
2-21-16983/14	Kohtu I astme menetlus	Court rulingRuling on not declaring bankruptcy	Bankruptcy law	Kairi Piirisild	ECLI:EE:HMK:2021:2.21.16983.27453	23.12.2021	Open
2-19-14132/36	Määruskaebusmenetlus	Court ruling	Law of obligations	Indrek Soots, Imbi Sidok-Toomsalu, Krista Kirspuu	ECLI:EE:TLRK:2021:2.19.14132.6330	25.01.2021	Open

Official announcements


Notice of reduction of share capital of a private-limited company	14.03.2022	PDF
Notice of division of a company	18.02.2022	PDF
Notice of division of a company	23.12.2021	PDF

Public transactions


01.11.2023	Majandus- ja Kommunikatsiooniministeerium	12 250 €Received	OTHER GRANTSR&D in other economic sectors
05.06.2023	Majandus- ja Kommunikatsiooniministeerium	29 750 €Received	OTHER GRANTSR&D in other economic sectors
21.06.2022	Majandus- ja Kommunikatsiooniministeerium	64 570,79 €Received	OTHER GRANTSR&D in other economic sectors
22.12.2021	Majandus- ja Kommunikatsiooniministeerium	81 440,42 €Received	OTHER GRANTSR&D in other economic sectors
30.06.2021	Majandus- ja Kommunikatsiooniministeerium	43 035,38 €Received	OTHER GRANTSR&D in other economic sectors

Funded projects


top connect development program stage 32014-2020.4.04.22-2468	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.11.2022 – 31.08.20232014-2020	126 816 €support 35,0%	120 000 €	Completed
Top Connect Development stage 22014-2020.4.04.20-1503	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	01.11.2020 – 30.04.20222014-2020	594 500 €support 35,0%	540 133,10 €	Completed
top connect development2014-2020.4.04.18-0917	Ettevõtja arenguplaani toetusmeede ettevõtete arendus- ja eksporditegevustele kaasaaitamiseks ning juhtimisvõimekuse tõstmiseksERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	22.10.2018 – 21.04.20202014-2020	1 372 000 €support 35,0%	761 620,96 €	Completed
World Travel Market 20113.1.2501.11-0127	Ekspordi arendamise toetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	09.08.2011 – 10.12.20112007-2013	49 054,20 €	30 864,69 €	Completed
ITB Berlin3.1.2501.11-0017	Ekspordi arendamise toetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	05.01.2011 – 30.03.20112007-2013	31 000 €	21 644,21 €	Completed

State aid


30.10.2023	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Turundustegevused VTA › Ekspordi edendamine VTAGrant	10 168 €	15467/2300440
14.09.2023	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231469	Turundustegevused VTA › Ekspordi edendamine VTAGrant	8 985 €	231469/2400112
21.03.2023	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Turundustegevused VTA › Ekspordi edendamine VTAGrant	9 274 €	15467/2300452
27.02.2023	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Turundustegevused VTA › Ekspordi edendamine VTAGrant	7 791 €	15467/2300210
09.12.2022	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 16538	Regionaalareng (VTA) › MuuGrant	12 250 €	16538/2200019

Public procurement contracts


31.12.2008End 31.12.2009	Reference number 110436 · Leping nr 99	Tallinna VanglaContracting authority	10 158,40 €	Completed

.ee domains


velos.ee	Active	23.08.2023	24.08.2027
globaltelecominvest.ee	Active	28.10.2021	29.10.2027
tcinvest.ee	Active	22.10.2021	23.10.2027
travelchat.ee	Active	26.05.2016	27.05.2027
apn.ee	Active	05.01.2012	06.01.2027

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.