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xChange AS

Legal form:

Public limited company

Registry code:

14428150

VAT no.:

EE102847048

Fiscal-year period:

01.01 - 31.12

Established:

12.02.2018 (8)

Former business names:

xChange OÜ

Capital:

250 000 EUR

Address:

Tartu mnt 25-21, Kesklinna linnaosa, Tallinn, Harju maakond, 10117

Status:

Registered

Contacts

Email:

finance.external@changeinvest.com

Phone:

+372 53080267

Industries

FINANCIAL AND INSURANCE ACTIVITIES
Auxiliary activities of financial services and insurance
Auxiliary activities of financial services, except insurance and pension funds
Other activities auxiliary to financial services, except insurance and pension funding
66199 - Other activities auxiliary to financial services n.e.c., except insurance and pension funding

VAT liability

	Start	End
EE102847048	04.04.2025

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	01.08.2025	Valid
2023	01.01.2023 - 31.12.2023	01.08.2024	Valid
2022	01.01.2022 - 31.12.2022	02.06.2023	Valid
2021	01.01.2021 - 31.12.2021	07.06.2022	Valid
2020	01.01.2020 - 31.12.2020	01.04.2021	Valid
2019	01.01.2019 - 31.12.2019	31.10.2020	Valid
2018	12.02.2018 - 31.12.2018	25.06.2019	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 03.06.2026.

???

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Hidden

Credit rating is based on company financial data and payment behavior. detailed analysis available to regia+ users.

020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	96 819 €	95 713 €	42 936 €13.7%	11
Kokku 2026:	96 819 €	95 713 €	42 936 €
2025 Q4	111 643 €	111 820 €	37 748 €5.4%	13
2025 Q3	121 242 €	122 091 €	39 921 €125.4%	13
2025 Q2	66 482 €	67 213 €	17 710 €	15
2025 Q1	39 202 €	41 713 €	0 €	13
Kokku 2025:	338 569 €	342 837 €	95 379 €
2024 Q4	39 736 €	42 012 €	0 €	14
2024 Q3	39 245 €	41 838 €	0 €	14
2024 Q2	40 572 €	42 990 €	0 €	13
2024 Q1	26 347 €	27 859 €	0 €	13
Kokku 2024:	145 900 €	154 699 €	0 €
2023 Q4	42 335 €	45 116 €	0 €	5
2023 Q3	48 109 €	51 598 €	0 €	5
2023 Q2	64 405 €	69 109 €	0 €	10
2023 Q1	75 800 €	81 230 €	0 €	12
Kokku 2023:	230 648 €	247 053 €	0 €
2022 Q4	89 361 €	95 560 €	0 €	13
2022 Q3	222 491 €	238 705 €	0 €	15
2022 Q2	219 695 €	235 749 €	0 €	45
2022 Q1	156 223 €	167 687 €	0 €	41
Kokku 2022:	687 770 €	737 701 €	0 €
2021 Q4	85 493 €	91 900 €	0 €	31
2021 Q3	22 520 €	24 135 €	0 €	28
2021 Q2	15 435 €	16 595 €	0 €	7
2021 Q1	16 728 €	17 952 €	0 €	8
Kokku 2021:	140 175 €	150 583 €	0 €
2020 Q4	17 870 €	19 191 €	0 €	8
2020 Q3	17 386 €	18 675 €	0 €	9
2020 Q2	20 038 €	21 478 €	0 €	9
2020 Q1	19 473 €	20 825 €	0 €	10
Kokku 2020:	74 766 €	80 168 €	0 €
2019 Q4	29 133 €	30 687 €	0 €	10
2019 Q3	25 692 €	27 119 €	0 €	11
2019 Q2	25 399 €	26 637 €	0 €	11
2019 Q1	31 200 €	32 745 €	0 €	10
Kokku 2019:	111 424 €	117 188 €	0 €
2018 Q4	11 096 €	11 832 €	0 €	6
2018 Q3	11 804 €	12 833 €	0 €	6
2018 Q2	2 528 €	2 746 €	0 €	4
Kokku 2018:	25 428 €	27 411 €	0 €

Revenue by industry

	2022	2023	2024
Other activities auxiliary to financial services n.e.c., except insurance and pension funding	2 745 906 €	2 698 881 €	3 081 878 €

Tax debts

No tax debt found

No tax debt as of 03.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Antonios Desypris	37811XXXXXX	28.11.1978 (47)	Board member	11.06.2025	-
Märt Parker	38010XXXXXX	18.10.1980 (45)	Board member	11.06.2025	-

8 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Change Group AS	-	12.10.2018 (7)	Shareholder	250 000,00 EUR	100	Sole ownership	20.06.2025	-

8 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Ingmar Mattus	37810XXXXXX	15.10.1978 (47)	Chairman of the supervisory board	08.05.2026	-
Tarmo Rahkama	38405XXXXXX	11.05.1984 (42)	Audit firm	18.11.2025	-
Jaanus Põder	37806XXXXXX	12.06.1978 (47)	Supervisory-board member	28.05.2024	-
Mihkel Kolk	38002XXXXXX	18.02.1980 (46)	Supervisory-board member	28.05.2024	-
Kristjan Kangro	39212XXXXXX	23.12.1992 (33)	Founder	12.02.2018	-

12 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 5 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Ingmar Mattus	37810XXXXXX	15.10.1978 (47)	More than 50 % of voting rights in the consolidated entity	04.04.2024	-

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

42 936 €

Monthly average

14 312 €

Per employee

1 301 €

Equity ratio

5,72%

Labour taxes

Turnover ratio

222,92%

Tax ratio

98,86%

Monthly average

31 904 €

Per employee

2 659 €

State taxes

Monthly average

32 273 €

Turnover ratio

225,50%

Estimated salary

Gross salary

4 718 €

Net salary

3 654 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	56 787 972 €56.7%	36 241 188 €72.4%	21 019 698 €61.4%	54 477 736 €424.6%	10 385 072 €1 313.5%	734 692 €
Non-current assets	-	-	-	-	-	-
Total assets	56 787 972 €56.7%	36 241 188 €72.4%	21 019 698 €61.4%	54 477 736 €424.6%	10 385 072 €1 313.5%	734 692 €
Short-term liabilities	54 475 636 €55.7%	34 989 976 €72.0%	20 342 296 €62.3%	53 949 364 €390.0%	11 010 536 €1 089.6%	925 578 €
Long-term liabilities	-	-	-	-	-	-
Total liabilities	54 475 636 €55.7%	34 989 976 €72.0%	20 342 296 €62.3%	53 949 364 €390.0%	11 010 536 €1 089.6%	925 578 €
Share or stock capital	250 000 €	250 000 €	250 000 €99.2%	125 500 €	125 500 €	125 500 €
Retained earnings	1 009 858 €137.3%	425 545 €125.7%	188 508 €125.7%	-734 544 €144.8%	-300 060 €168.2%	440 231 €
Net profit	1 052 479 €82.8%	575 668 €141.0%	238 895 €79.0%	1 137 413 €352.3%	-450 904 €40.4%	-756 617 €
Equity	2 312 337 €84.8%	1 251 213 €84.7%	677 403 €28.2%	528 369 €184.5%	-625 464 €227.7%	-190 886 €
Turnover	3 081 878 €14.2%	2 698 881 €1.7%	2 745 906 €56.2%	6 262 790 €1 047.8%	545 647 €2 106.9%	24 725 €
Profit margin	34.15%60.1%	21.33%145.2%	8.70%52.1%	18.16%122.0%	-82.64%97.3%	-3 060.13%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-	-	-	-	-
Liquidity
Current ratio	N.Q	R.E	O.S	1.0	0.9
Quick ratio	S.Y	Y.D	A.O	1.0	0.9
Cash ratio	G.I	Z.T	S.B	1.0	0.9
Efficiency
Days sales outstanding (dso)	GWZ.F	AAD.Z	VA.B	18.6	92.2
Asset turnover	R.C	U.D	U.Q	0.2	0.1
Structure
Debt ratio	X.U	Y.V	T.M	1.0	1.1
Profitability
Operating margin	DO.A%	QO.I%	N.N%	17.6%	-62.8%
Net profit margin	DZ.L%	SO.S%	J.Y%	18.2%	-82.6%
Return on assets (roa)	T.J%	L.P%	W.A%	3.5%	-8.1%
Return on equity (roe)	LX.R%	BH.N%	JP.E%	215.3%	-

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Licences & notices

Type	Number	Field	Status	Start	End
License	FVT000072	Financial services > Virtual-currency service	Valid	24.07.2020	-

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 50087624 / M9	16.07.2025	Fine-warning order – annual report not filed	15.08.2025	Deficiencies remedied (02.08.2025)
Ä 50087624 / 23	11.06.2025	Entry - Amendment entry		Entered into force (11.06.2025)
Ä 50087624 / 22	12.02.2025	Entry - Amendment entry under NSPA § 595¹ (1)		Entered into force (12.02.2025)
Ä 50087624 / 21	01.10.2024	Entry - Amendment entry		Entered into force (01.10.2024)
Ä 50087624 / M8	07.07.2024	Fine-warning order – annual report not filed	06.08.2024	Deficiencies remedied (02.08.2024)

1 - 5 / 32 rows

Real estate

No real estate found

Company has no real estate

1 inactive record hidden, extended access to the information portal is required to view history!

Consumer Disputes Committee decisions

Document no.	Composition	Decision	Date
19-1/24-17237-001	Meelis Pirn	Against the consumer	28.03.2025
19-1/24-01653-001	Meelis Pirn	Against the consumer	10.05.2024

1 - 2 / 2 rows

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date	Participants
2-24-8437/16	Civil case	Court ruling (Compromise ruling)	Law of obligations	Anu Vismann	ECLI:EE:HMK:2024:2.24.8437.11252	10.07.2024

xChange AS

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Public transactions

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Payment orders

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