HgIT Solutions OÜ

Legal form:: Private limited company
Registry code:: 16247211
VAT no.:: EE102388280
Fiscal-year period:: 01.01 - 31.12
Established:: 07.06.2021 (5 y)
Capital:: 2 500 EUR
Address:: Kakumäe tee 226, Haabersti linnaosa, Tallinn, Harju maakond, 13516
Status:: Registered

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Contacts

Email:: vytis@hgfs.eu

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Industries

PUBLISHING, BROADCASTING AND CONTENT PRODUCTION AND DISTRIBUTION
Publishing
Software publishing
58291 – Other software publishing

Industry TOPNo. 5 of 481 companies

1.VERTIGOGAMES OÜ32.6M €
2.Scoro Software OÜ19.5M €
3.Vocal Image OÜ18M €
4.Magura Digital OÜ14.1M €
5.HgIT Solutions OÜ13.8M €
6.JMH Developers OÜ12.7M €
7.CybExer Technologies OÜ12M €
8.Binalyze OÜ10.6M €
9.Stape Europe OÜ10.1M €
10.PulseApps Solutions OÜ7.7M €

Main activity 58291 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102388280	21.07.2021	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	30.06.2026	Not submitted
2024	01.01.2024 – 31.12.2024	27.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	09.12.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	04.12.2023	Valid	PDF
2021	07.06.2021 – 31.12.2021	30.06.2022	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 14.11.2026.

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Tax debt Reports1 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	3 528 €	2 676 €	2,55 M €−49,7%	-
2026 Q2	2 753 €	1 784 €	5,07 M €+74,4%	-
2026 Q1	4 151 €	3 568 €	2,91 M €−12,3%	-
Total 2026:	10 432 €	8 028 €	10,5 M €
2025 Q4	4 172 €	2 676 €	3,32 M €+11,5%	-
2025 Q3	5 620 €	4 325 €	2,97 M €−45,9%	-
2025 Q2	4 961 €	3 568 €	5,50 M €+62,6%	1
2025 Q1	4 667 €	3 428 €	3,38 M €+4,9%	1
Total 2025:	19 420 €	13 997 €	15,2 M €
2024 Q4	4 601 €	3 359 €	3,22 M €+14,3%	1
2024 Q3	4 437 €	3 359 €	2,82 M €−1,7%	1
2024 Q2	4 636 €	3 359 €	2,87 M €−36,5%	1
2024 Q1	1 997 €	840 €	4,52 M €+48,2%	1
Total 2024:	15 671 €	10 917 €	13,4 M €
2023 Q4	1 813 €	840 €	3,05 M €−3,8%	1
2023 Q3	2 053 €	840 €	3,17 M €−6,7%	1
2023 Q2	1 773 €	840 €	3,40 M €−40,2%	1
2023 Q1	2 199 €	840 €	5,69 M €+83,4%	1
Total 2023:	7 838 €	3 360 €	15,3 M €
2022 Q4	2 081 €	840 €	3,10 M €+8,0%	1
2022 Q3	1 873 €	840 €	2,87 M €+10,0%	1
2022 Q2	2 321 €	840 €	2,61 M €−25,7%	1
2022 Q1	2 156 €	840 €	3,51 M €+678%	1
Total 2022:	8 431 €	3 360 €	12,1 M €
2021 Q4	557,19 €	0 €	451 805,70 €	1
2021 Q3	-	-	0 €	-
Total 2021:	557,19 €	0 €	451 805,70 €

Revenue by industry

	2022	2023	2024
Other software publishing	1 566 023 €	384 706 €	222 355 €

Tax debts

No tax debt found

No tax debt as of 14.11.2026

Representatives

	Personal ID code
Vytis Arlauskas	37903XXXXXX	31.03.1979 (47)	Board member	11.03.2026	-

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Shareholders

	Personal ID code
Siegfried Hegelmann	-	07.09.1983 (43)	Shareholder	1 250 EUR	50,00%	Sole ownership	03.09.2023	-
Anton Hegelmann	38301XXXXXX	09.01.1983 (43)	Shareholder	1 250 EUR	50,00%	Sole ownership	03.09.2023	-

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Other persons

	Personal ID code
Anton Hegelmann	38301XXXXXX	09.01.1983 (43)	Founder	31.05.2021	-
Siegfried Hegelmann	-	07.09.1983 (43)	Founder	31.05.2021	-

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Ultimate beneficial owners

	Personal ID code
Anton Hegelmann	38301XXXXXX	09.01.1983 (43)	Direct holding	08.07.2021	-
Siegfried Hegelmann	-	07.09.1983 (43)	Direct holding	08.07.2021	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 2 550 695 €
Monthly average: 850 232 €
Per employee: -
Equity ratio: 34 009,27%

Labour taxes

Turnover ratio: 0,10%
Tax ratio: 75,85%
Monthly average: 892 €
Per employee: -

State taxes

Monthly average: 1 176 €
Turnover ratio: 0,14%

Estimated salary

Gross salary: -
Net salary: -

Aggregate data

	2024	2023	2022	2021
Current assets	2 216 293 €+9,8%	2 018 952 €+2,3%	1 972 952 €+275%	526 643 €
Non-current assets	-	-	-	-
Total assets	2 216 293 €+9,8%	2 018 952 €+2,3%	1 972 952 €+275%	526 643 €
Short-term liabilities	2 046 294 €+38,4%	1 478 554 €+72,4%	857 441 €−12,7%	981 699 €
Long-term liabilities	-	-	-	-
Total liabilities	2 046 294 €+38,4%	1 478 554 €+72,4%	857 441 €−12,7%	981 699 €
Share or stock capital	-	-	-	-
Retained earnings	540 398 €+27,0%	425 651 €+194%	-455 056 €	-
Net profit	-370 399 €−423%	114 747 €−92,7%	1 570 567 €+445%	-455 056 €
Equity	169 999 €−68,5%	540 398 €−51,6%	1 115 511 €+345%	-455 056 €
Turnover	222 355 €−42,2%	384 706 €−75,4%	1 566 023 €+74,5%	897 688 €
Profit margin	-166,6%	29,8%	100,3%	-50,7%

Financial ratios

	2024	2023	2022	2021
Profit and cash flow
EBITDA				-
Liquidity
Current ratio				0,5
Quick ratio				0,5
Cash ratio				0,5
Efficiency
Days sales outstanding (dso)				7,0
Asset turnover				1,7
Structure
Debt ratio				1,9
Profitability
Operating margin				-50,7%
Net profit margin				-50,7%
Return on assets (roa)				-86,4%
Return on equity (roe)				-

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50175579 / 5	11.03.2026	Entry – Amendment entry	-	Entered into force11.03.2026
Ä 50175579 / 4	18.08.2025	Entry – Amendment entry	-	Entered into force18.08.2025
Ä 50175579 / M3	06.09.2024	Warning for deletion from register – annual report not filed	10.12.2024	Deficiencies remedied10.12.2024
Ä 50175579 / M2	17.07.2024	Warning for deletion from register – annual report not filed	20.10.2024	Deficiencies remedied24.08.2024
Ä 50175579 / 3	03.09.2023	Entry – Amendment entry	-	Entered into force03.09.2023

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.