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 y)
Former business names:: xChange OÜ
Capital:: 250 000 EUR
Address:: Tartu mnt 25-21, Kesklinna linnaosa, Tallinn, Harju maakond, 10117
Status:: Registered
LEI code:: 984500SD8CF88ZIB5H75 (expired 09.08.2025)
E-invoice reception:: Telema

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Contacts

Email:: finance.external@changeinvest.com

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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

Industry TOPNo. 35 of 96 companies

35.xChange AS160.1k €

Main activity 66199 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102847048	04.04.2025	-

Annual reports

Aggregate data

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

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No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions1 Official announcements–TTJA decisions2 Real estate–.ee domains–Licenses–Regulations32 Public transactions–Grants–State aid1 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	54 912 €	52 766 €	32 759 €−29,8%	-
2026 Q2	85 740 €	82 001 €	46 684 €+8,7%	4
2026 Q1	96 819 €	95 713 €	42 936 €+13,7%	7
Total 2026:	237 471 €	230 480 €	122 379 €
2025 Q4	111 643 €	111 820 €	37 748 €−5,4%	9
2025 Q3	121 242 €	122 091 €	39 921 €+125%	9
2025 Q2	66 482 €	67 213 €	17 710 €	11
2025 Q1	39 202 €	41 713 €	-	10
Total 2025:	338 569 €	342 837 €	95 379 €
2024 Q4	39 736 €	42 012 €	-	11
2024 Q3	39 245 €	41 838 €	-	11
2024 Q2	40 572 €	42 990 €	-	10
2024 Q1	26 347 €	27 859 €	-	10
Total 2024:	145 900 €	154 699 €	0 €
2023 Q4	42 335 €	45 116 €	-	9
2023 Q3	48 109 €	51 598 €	-	9
2023 Q2	64 405 €	69 109 €	-	9
2023 Q1	75 800 €	81 230 €	-	11
Total 2023:	230 649 €	247 053 €	0 €
2022 Q4	89 361 €	95 560 €	-	13
2022 Q3	222 491 €	238 705 €	-	16
2022 Q2	219 695 €	235 749 €	-	21
2022 Q1	156 223 €	167 687 €	-	21
Total 2022:	687 770 €	737 701 €	0 €
2021 Q4	85 492,66 €	91 900,25 €	-	31
2021 Q3	22 519,73 €	24 134,73 €	-	28
2021 Q2	15 435,20 €	16 595,13 €	-	7
2021 Q1	16 727,71 €	17 952,48 €	-	8
Total 2021:	140 175,30 €	150 582,59 €	0 €
2020 Q4	17 870,24 €	19 190,64 €	-	8
2020 Q3	17 385,55 €	18 674,56 €	-	9
2020 Q2	20 037,66 €	21 478 €	-	9
2020 Q1	19 473 €	20 825 €	0 €	10
Total 2020:	74 766,45 €	80 168,20 €	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
Total 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
Total 2018:	25 428 €	27 411 €	0 €

Revenue by industry

	2023	2024	2025
Other activities auxiliary to financial services n.e.c., except insurance and pension funding		3 081 878 €	1 914 484 €
Other activities auxiliary to financial services n.e.c.	2 698 881 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Antonios Desypris	37811XXXXXX	28.11.1978 (47)	Board member	11.06.2025	-
Märt Parker	38010XXXXXX	18.10.1980 (46)	Board member	11.06.2025	-

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Shareholders

	Personal ID code
Change Group AS	14585955	12.10.2018 (8)	Shareholder	250 000 EUR	100,00%	Sole ownership	20.06.2025	-

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Other persons

	Personal ID code
Ingmar Mattus	37810XXXXXX	15.10.1978 (48)	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 (48)	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	-

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Ultimate beneficial owners

	Personal ID code
Ingmar Mattus	37810XXXXXX	15.10.1978 (48)	More than 50 % of voting rights in the consolidated entity	04.04.2024	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 32 759 €
Monthly average: 10 920 €
Per employee: -
Equity ratio: 4,37%

Labour taxes

Turnover ratio: 161,07%
Tax ratio: 96,09%
Monthly average: 17 589 €
Per employee: 8 794 €

State taxes

Monthly average: 18 304 €
Turnover ratio: 167,62%

Estimated salary

Gross salary: 15 197 €
Net salary: 11 581 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	36 063 576 €−36,5%	56 787 972 €+56,7%	36 241 188 €+72,4%	21 019 698 €−61,4%	54 477 736 €+425%	10 385 072 €+1 314%	734 692 €
Non-current assets	-	-	-	-	-	-	-
Total assets	36 063 576 €−36,5%	56 787 972 €+56,7%	36 241 188 €+72,4%	21 019 698 €−61,4%	54 477 736 €+425%	10 385 072 €+1 314%	734 692 €
Short-term liabilities	34 072 216 €−37,5%	54 475 636 €+55,7%	34 989 976 €+72,0%	20 342 296 €−62,3%	53 949 364 €+390%	11 010 536 €+1 090%	925 578 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	34 072 216 €−37,5%	54 475 636 €+55,7%	34 989 976 €+72,0%	20 342 296 €−62,3%	53 949 364 €+390%	11 010 536 €+1 090%	925 578 €
Share or stock capital	250 000 €	250 000 €	250 000 €	250 000 €+99,2%	125 500 €	125 500 €	125 500 €
Retained earnings	1 544 586 €+418%	298 076 €+209%	-274 606 €+45,2%	-501 051 €+64,0%	-1 390 536 €−48,0%	-939 632 €−413%	-183 016 €
Net profit	-324 356 €−131%	1 052 479 €+82,8%	575 668 €+141%	238 895 €−79,0%	1 137 413 €+352%	-450 904 €+40,4%	-756 617 €
Equity	1 991 356 €−13,9%	2 312 337 €+84,8%	1 251 213 €+84,7%	677 403 €+28,2%	528 369 €+184%	-625 464 €−228%	-190 886 €
Turnover	1 914 484 €−37,9%	3 081 878 €+14,2%	2 698 881 €−1,7%	2 745 906 €−56,2%	6 262 790 €+1 048%	545 647 €+2 107%	24 725 €
Profit margin	-16,9%	34,2%	21,3%	8,7%	18,2%	-82,6%	-3 060,1%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	1,0	1,0
Quick ratio	1,0	1,0
Cash ratio	0,2	1,0
Efficiency
Days sales outstanding (dso)	90,5	18,6
Asset turnover	0,1	0,2
Structure
Debt ratio	1,0	1,0
Profitability
Operating margin	1,2%	17,6%
Net profit margin	8,7%	18,2%
Return on assets (roa)	0,6%	3,5%
Return on equity (roe)	35,3%	215,3%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50087624 / M9	16.07.2025	Fine-warning order – annual report not filed	15.08.2025	Deficiencies remedied02.08.2025
Ä 50087624 / 23	11.06.2025	Entry – Amendment entry	-	Entered into force11.06.2025
Ä 50087624 / 22	12.02.2025	Entry – Amendment entry under NSPA § 595¹ (1)	-	Entered into force12.02.2025
Ä 50087624 / 21	01.10.2024	Entry – Amendment entry	-	Entered into force01.10.2024
Ä 50087624 / M8	07.07.2024	Fine-warning order – annual report not filed	06.08.2024	Deficiencies remedied02.08.2024

Real estate

No real estate found

Company has no real estate

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Consumer Disputes Committee decisions


19-1/24-17237-001	Meelis Pirn	Against the consumer	28.03.2025	PDF
19-1/24-01653-001	Meelis Pirn	Against the consumer	10.05.2024	PDF

Court decisions


2-24-8437/16	Kohtu I astme menetlus	Court rulingCompromise ruling	Law of obligations	Anu Vismann	ECLI:EE:HMK:2024:2.24.8437.11252	10.07.2024	Open

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


16.12.2020	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 15467	Nõustamine VTA › Nõustamine VTAGrant	1 350 €	15467/2005700

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.