Change Group AS

Legal form:: Public limited company
Registry code:: 14585955
VAT no.:: EE102510207
Fiscal-year period:: 01.01 - 31.12
Established:: 12.10.2018 (8 y)
Former business names:: Change Group OÜ
Capital:: 965 127,30 EUR
Address:: Tartu mnt 25-21, Kesklinna linnaosa, Tallinn, Harju maakond, 10117
Status:: Registered
E-invoice reception:: Telema

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Contacts

Phone:: +372 53080267
Email:: finance.external@changeinvest.com

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Industries

FINANCIAL AND INSURANCE ACTIVITIES
Provision of financial services, except insurance and pension funds
Activities of holding companies and corporate financial entities
64211 – Activities of holding companies

Industry TOPNo. 23 of 248 companies

1.Gold Adam OÜ72.3M €
2.Herhiläinen OÜ17.2M €
3.Apollo Group OÜ11.6M €
4.TKM Grupp AS11.5M €
5.Outbound Labs OÜ7.3M €
6.Confido Healthcare Group OÜ4.7M €
7.Czech Technology Group OÜ4.4M €
8.Maag Food OÜ3.9M €
9.Amserv Grupi AS3.5M €
10.Viru Energo OÜ3.4M €

23.Change Group AS891.1k €

Main activity 64211 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102510207	01.07.2022	-

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	11.08.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	06.08.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	06.10.2023	Valid	PDF
2022	01.01.2022 – 31.12.2022	02.08.2023	Expired	PDF
2021	01.01.2021 – 31.12.2021	17.06.2022	Valid	PDF
2021	01.01.2021 – 31.12.2021	08.09.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	04.06.2021	Valid	PDF
2019	12.10.2018 – 31.12.2019	15.11.2020	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses–Regulations31 Public transactions–Grants–State aid–Public procurement–Holdings in companies3 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	58 582 €	28 819 €	133 921 €−28,2%	3
2026 Q2	25 043 €	27 418 €	186 392 €−17,1%	3
2026 Q1	29 175 €	29 273 €	224 741 €−35,1%	3
Total 2026:	112 800 €	85 510 €	545 054 €
2025 Q4	37 870 €	37 974 €	346 041 €+18,1%	3
2025 Q3	44 134 €	45 532 €	292 964 €+10,3%	3
2025 Q2	95 105 €	100 356 €	265 723 €−15,8%	5
2025 Q1	115 109 €	116 398 €	315 730 €+21,6%	7
Total 2025:	292 218 €	300 260 €	1,22 M €
2024 Q4	110 190 €	116 063 €	259 719 €+41,5%	7
2024 Q3	123 285 €	127 658 €	183 575 €+222%	8
2024 Q2	109 525 €	116 720 €	56 993 €+17,0%	10
2024 Q1	112 801 €	120 328 €	48 699 €−56,6%	8
Total 2024:	455 801 €	480 769 €	548 986 €
2023 Q4	76 374 €	80 869 €	112 185 €+1 271%	8
2023 Q3	69 204 €	73 386 €	8 181 €−23,7%	9
2023 Q2	71 238 €	75 731 €	10 723 €−88,2%	14
2023 Q1	80 423 €	71 600 €	90 712 €+17,4%	15
Total 2023:	297 239 €	301 586 €	221 801 €
2022 Q4	116 810 €	125 005 €	77 237 €+1 147%	15
2022 Q3	34 928 €	36 846 €	6 194 €	15
2022 Q2	9 214 €	9 368 €	-	13
2022 Q1	5 972 €	5 993 €	-	12
Total 2022:	166 924 €	177 212 €	83 431 €
2021 Q4	5 955 €	5 992,50 €	-	-
2021 Q3	5 961,09 €	6 030,96 €	-	-
2021 Q2	5 781,37 €	5 876,87 €	-	-
2021 Q1	-	-	-	3
Total 2021:	17 697,46 €	17 900,33 €	0 €
2020 Q4	2 898,44 €	2 898,44 €	-	1
Total 2020:	2 898,44 €	2 898,44 €	0 €

Revenue by industry

	2023	2024	2025
Activities of holding companies	100 967 €	525 077 €	703 138 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Märt Parker	38010XXXXXX	18.10.1980 (46)	Board member	19.08.2025	-
Matthijs Harm Bloemink	-	01.12.1976 (49)	Board member	18.06.2025	-
Antonios Desypris	37811XXXXXX	28.11.1978 (47)	Board member	10.06.2025	-

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Shareholders

	Personal ID code
Andromeda Capital Partners Suisse AG	-	-	Shareholder	408 396,70 EUR	42,32%	Sole ownership	03.01.2025	-
Ingmar Mattus	37810XXXXXX	15.10.1978 (48)	Shareholder	251 898,60 EUR	26,10%	Sole ownership	03.08.2026	-

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Other persons

	Personal ID code
Grant Thornton Baltic OÜ	10384467	18.02.1998 (28)	Audit firm	15.10.2025	-
Ingmar Mattus	37810XXXXXX	15.10.1978 (48)	Chairman of the supervisory board	08.08.2025	-
Aare-Laidar Laos	37906XXXXXX	30.06.1979 (47)	Supervisory-board member	17.03.2024	-
Chariton Christou	38810XXXXXX	23.10.1988 (37)	Supervisory-board member	17.03.2024	-
Jaanus Põder	37806XXXXXX	12.06.1978 (48)	Supervisory-board member	17.03.2024	-

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Ultimate beneficial owners

	Personal ID code
Ingmar Mattus	37810XXXXXX	15.10.1978 (48)	Indirect holding	07.10.2024	-

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Holdings in companies


Change Capital OÜ	21.08.2015	Shareholder	2 500 EUR	100,00%	Sole ownership	01.09.2023	-
xChange AS	12.02.2018	Shareholder	250 000 EUR	100,00%	Sole ownership	20.06.2025	-
Programmable Equity OÜ	20.09.2021	Shareholder	29,81 EUR	0,79%	Sole ownership	12.09.2024	-

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2026 Q3

Turnover

Amount: 133 921 €
Monthly average: 44 640 €
Per employee: 14 880 €
Equity ratio: 4,63%

Labour taxes

Turnover ratio: 21,52%
Tax ratio: 49,19%
Monthly average: 9 606 €
Per employee: 3 202 €

State taxes

Monthly average: 19 527 €
Turnover ratio: 43,74%

Estimated salary

Gross salary: 5 655 €
Net salary: 4 406 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2020	2019
Current assets	-	-	844 790 €+5,9%	797 593 €−95,5%	17 747 328 €	-
Non-current assets	-	-	3 832 395 €+7,4%	3 568 997 €	3 568 418 €	-
Total assets	5 071 782 €+0,3%	5 055 037 €+8,1%	4 677 185 €+7,1%	4 366 590 €+32,3%	3 301 416 €+26,5%	2 609 129 €
Short-term liabilities	-	-	2 229 028 €−12,2%	2 537 594 €+787%	286 021 €	-
Long-term liabilities	-	-	-	-	2 983 330 €	-
Total liabilities	-	-	2 229 028 €−12,2%	2 537 594 €−22,4%	3 269 351 €	-
Share or stock capital	-	-	791 848 €	791 848 €	-	-
Retained earnings	-	-	-945 861 €+22,9%	-1 226 229 €−8 461%	-14 324 €	-
Net profit	-	-	-1 379 347 €+19,7%	-1 717 356 €−887%	218 344 €	-
Equity	-	-	2 448 157 €+33,9%	1 828 996 €−83,0%	10 729 967 €	-
Turnover	703 138 €+33,9%	525 077 €+420%	100 967 €+26,2%	80 000 €−85,3%	545 648 €	-
Profit margin	-	-	-1 366,1%	-2 146,7%	40,0%	-

Financial ratios

	2024	2023	2022	2020
Profit and cash flow
EBITDA				-
Liquidity
Current ratio				2,2
Quick ratio				2,2
Cash ratio				0,1
Efficiency
Days sales outstanding (dso)				-
Asset turnover				-
Structure
Debt ratio				1,0
Profitability
Operating margin				-
Net profit margin				-
Return on assets (roa)				-8,3%
Return on equity (roe)				-858,4%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50104709 / 23	29.07.2026	Entry – Amendment entry	-	Entered into force29.07.2026
Ä 50104709 / M9	22.07.2026	Order to remedy deficiencies – Amendment entry	06.08.2026	Deficiencies remedied29.07.2026
Ä 50104709 / 22	09.12.2025	Entry – Amendment entry	-	Entered into force09.12.2025
Ä 50104709 / M8	20.11.2025	Order to remedy deficiencies – Amendment entry	20.12.2025	Deficiencies remedied09.12.2025
Ä 50104709 / 21	19.08.2025	Entry – Amendment entry	-	Entered into force19.08.2025

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

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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.