HQSystems OÜ

Legal form:: Private limited company
Registry code:: 12981256
VAT no.:: EE101850405
Fiscal-year period:: 01.01 - 31.12
Established:: 20.01.2016 (10 y)
Capital:: 68 500 EUR
Address:: Paepargi tn 47-9, Lasnamäe linnaosa, Tallinn, Harju maakond, 11417
Status:: Registered

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Contacts

Phone:: +372 6027117
Email:: sergei.vard@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. 191 of 4813 companies

1.Pipedrive OÜ385.5M €
2.Dreamersoftware OÜ230M €
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 €

191.HQSystems OÜ3.2M €

Main activity 62101 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101850405	01.02.2016	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	29.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	27.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	01.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	14.07.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	29.05.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	18.04.2023	Expired	PDF
2020	01.01.2020 – 31.12.2020	02.11.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	08.07.2021	Expired	PDF
2019	01.01.2019 – 31.12.2019	10.12.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	06.08.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	02.07.2018	Valid	PDF
2016	20.01.2016 – 31.12.2016	17.07.2017	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 22.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations8 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 Q3	1 747 €	1 920 €	697 751 €−16,0%	2
2026 Q2	2 452 €	1 920 €	831 107 €+12,9%	2
2026 Q1	2 574 €	2 197 €	736 392 €−19,6%	2
Total 2026:	6 773 €	6 037 €	2,27 M €
2025 Q4	14 548 €	2 752 €	915 968 €−16,2%	2
2025 Q3	6 160 €	2 808 €	1,09 M €+9,5%	2
2025 Q2	2 477 €	2 639 €	998 328 €+2,0%	2
2025 Q1	2 463 €	2 627 €	978 678 €−7,8%	2
Total 2025:	25 648 €	10 826 €	3,99 M €
2024 Q4	4 176 €	3 891 €	1,06 M €−10,7%	2
2024 Q3	0 €	4 365 €	1,19 M €+34,4%	2
2024 Q2	4 213 €	4 365 €	884 828 €−25,1%	2
2024 Q1	0 €	4 365 €	1,18 M €−0,8%	2
Total 2024:	8 389 €	16 986 €	4,32 M €
2023 Q4	7 964 €	4 544 €	1,19 M €+2,5%	2
2023 Q3	4 213 €	4 365 €	1,16 M €+3,8%	2
2023 Q2	4 213 €	4 365 €	1,12 M €−0,9%	2
2023 Q1	4 240 €	4 365 €	1,13 M €+9,4%	2
Total 2023:	20 630 €	17 639 €	4,60 M €
2022 Q4	4 079 €	4 225 €	1,03 M €−8,2%	2
2022 Q3	3 811 €	3 945 €	1,12 M €−5,5%	2
2022 Q2	0 €	2 805 €	1,19 M €+8,0%	2
2022 Q1	502 €	525 €	1,10 M €+17,4%	2
Total 2022:	8 392 €	11 500 €	4,44 M €
2021 Q4	1 053,86 €	872,98 €	936 907,20 €+27,2%	1
2021 Q3	1 126,90 €	524,76 €	736 632,95 €−14,3%	1
2021 Q2	501,90 €	524,76 €	859 899,10 €+54,3%	1
2021 Q1	1 127,34 €	630,85 €	557 463,38 €−3,4%	1
Total 2021:	3 810 €	2 553,35 €	3,09 M €
2020 Q4	501,90 €	524,76 €	577 156,19 €+29,6%	1
2020 Q3	1 127,10 €	571,43 €	445 234,23 €−35,7%	1
2020 Q2	669,20 €	699,68 €	692 558,24 €−19,3%	1
2020 Q1	335 €	350 €	857 810 €−0,3%	1
Total 2020:	2 633,20 €	2 145,87 €	2,57 M €
2019 Q4	335 €	350 €	860 382 €−14,1%	1
2019 Q3	1 002 €	525 €	1,00 M €−39,1%	1
2019 Q2	158 €	0 €	1,65 M €+29,3%	1
2019 Q1	518 €	0 €	1,27 M €−7,2%	0
Total 2019:	2 013 €	875 €	4,78 M €
2018 Q4	566 €	0 €	1,37 M €+39,1%	0
2018 Q3	270 €	0 €	986 220 €+7,3%	0
2018 Q2	422 €	0 €	919 216 €−3,1%	0
2018 Q1	138 €	0 €	948 997 €+23,5%	0
Total 2018:	1 396 €	0 €	4,23 M €
2017 Q4	555 €	0 €	768 151 €−6,8%	0
2017 Q3	8 254 €	0 €	824 046 €+35,9%	0
2017 Q2	14 604 €	0 €	606 336 €−8,1%	0
2017 Q1	11 814 €	0 €	660 047 €	0
Total 2017:	35 227 €	0 €	2,86 M €
2016 Q4	9 346 €	0 €	0 €	0
2016 Q3	4 028 €	0 €	0 €	0
2016 Q2	0 €	0 €	0 €	0
2016 Q1	0 €	0 €	0 €	0
Total 2016:	13 374 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Programming	1 572 587 €	1 999 057 €	1 845 415 €

Tax debts

No tax debt found

No tax debt as of 22.10.2026

Representatives

	Personal ID code
Siarhei Vardomatski	37805XXXXXX	01.05.1978 (48)	Board member	29.09.2021	-

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Shareholders

	Personal ID code
Siarhei Vardomatski	37805XXXXXX	01.05.1978 (48)	Shareholder	66 000 EUR	96,35%	Sole ownership	03.09.2023	-
Nadežda Solonina	47109XXXXXX	16.09.1971 (55)	Shareholder	2 500 EUR	3,65%	Sole ownership	03.09.2023	-

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Other persons

	Personal ID code
Boriss Rozenblit	37105XXXXXX	25.05.1971 (55)	Founder	20.01.2016	-

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Ultimate beneficial owners

	Personal ID code
Nadežda Solonina	47109XXXXXX	16.09.1971 (55)	Direct holding	10.03.2020	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 697 751 €
Monthly average: 232 584 €
Per employee: 116 292 €
Equity ratio: 339,54%

Labour taxes

Turnover ratio: 0,28%
Tax ratio: 109,90%
Monthly average: 640 €
Per employee: 320 €

State taxes

Monthly average: 582 €
Turnover ratio: 0,25%

Estimated salary

Gross salary: 737 €
Net salary: 708 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 099 181 €−34,0%	1 665 498 €−19,3%	2 063 641 €+3,6%	1 991 873 €+64,9%	1 207 608 €+9,9%	1 098 865 €+45,2%	757 023 €
Non-current assets	300 000 €−0,1%	300 162 €−0,2%	300 812 €−21,0%	380 600 €	380 600 €	-	-
Total assets	1 399 181 €−28,8%	1 965 660 €−16,9%	2 364 453 €−0,3%	2 372 473 €+49,4%	1 588 208 €+44,5%	1 098 865 €+45,2%	757 023 €
Short-term liabilities	154 523 €−25,6%	207 781 €−14,8%	243 778 €+103%	119 798 €−56,8%	277 474 €+139%	116 038 €−54,5%	255 302 €
Long-term liabilities	91 631 €+5,1%	87 176 €	87 176 €	87 176 €	-	-	-
Total liabilities	246 154 €−16,5%	294 957 €−10,9%	330 954 €+59,9%	206 974 €−25,4%	277 474 €+139%	116 038 €−54,5%	255 302 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	1 589 703 €−19,1%	1 964 999 €−5,6%	2 081 820 €+67,6%	1 242 234 €+27,4%	975 221 €+96,4%	496 674 €+4,1%	477 333 €
Net profit	-505 176 €−39,2%	-362 796 €−211%	-116 821 €−114%	854 765 €+220%	267 013 €−44,8%	483 653 €+2 110%	21 888 €
Equity	1 153 027 €−31,0%	1 670 703 €−17,8%	2 033 499 €−6,1%	2 165 499 €+65,2%	1 310 734 €+33,4%	982 827 €+95,9%	501 721 €
Turnover	1 845 415 €−7,7%	1 999 057 €+27,1%	1 572 587 €+2,5%	1 534 411 €−22,2%	1 973 007 €+25,5%	1 571 600 €−35,5%	2 436 600 €
Profit margin	-27,4%	-18,1%	-7,4%	55,7%	13,5%	30,8%	0,9%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	16,6	4,4
Quick ratio	16,6	4,4
Cash ratio	9,8	3,3
Efficiency
Days sales outstanding (dso)	79,7	52,8
Asset turnover	0,8	1,5
Structure
Debt ratio	0,1	0,2
Profitability
Operating margin	55,8%	13,5%
Net profit margin	55,7%	13,5%
Return on assets (roa)	43,2%	19,9%
Return on equity (roe)	39,5%	20,4%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50022643 / 8	03.09.2023	Entry – Amendment entry	-	Entered into force03.09.2023
Ä 50022643 / 7	29.09.2021	Entry – Amendment entry	-	Entered into force29.09.2021
Ä 50022643 / 6	23.09.2021	Entry – Amendment entry	-	Entered into force23.09.2021
Ä 50022643 / 5	07.09.2021	Entry – Amendment entry	-	Entered into force07.09.2021
Ä 50022643 / 4	11.04.2018	Entry – Amendment entry	-	Entered into force11.04.2018

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.