Lightspark Payments Europe AS

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	29.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	01.07.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	02.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.06.2023	Valid	PDF
2021	24.08.2021 – 31.12.2021	18.05.2023	Valid	PDF

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Tax debt Reports Declarations Court decisions–Official announcements1 TTJA decisions–Real estate–.ee domains–Licenses–Regulations16 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	204 316 €	220 816 €	170 886 €−40,0%	12
2026 Q2	129 929 €	140 771 €	284 981 €−14,0%	12
2026 Q1	123 984 €	112 029 €	331 194 €−24,0%	11
Total 2026:	458 229 €	473 616 €	787 061 €
2025 Q4	1,10 M €	1,17 M €	435 738 €+37,6%	9
2025 Q3	70 143 €	76 406 €	316 638 €−17,8%	9
2025 Q2	110 920 €	101 039 €	385 025 €+34,9%	9
2025 Q1	97 224 €	83 386 €	285 518 €−14,6%	13
Total 2025:	1,38 M €	1,43 M €	1,42 M €
2024 Q4	95 909 €	74 732 €	334 156 €+43,5%	10
2024 Q3	82 495 €	72 165 €	232 800 €−23,9%	9
2024 Q2	65 215 €	56 238 €	306 062 €+19,3%	10
2024 Q1	57 014 €	49 217 €	256 459 €−30,3%	7
Total 2024:	300 633 €	252 352 €	1,13 M €
2023 Q4	62 700 €	48 756 €	368 020 €+280%	7
2023 Q3	41 123 €	39 643 €	96 887 €−44,9%	6
2023 Q2	40 455 €	36 242 €	175 931 €−5,1%	5
2023 Q1	31 977 €	31 918 €	185 383 €+77,3%	4
Total 2023:	176 255 €	156 559 €	826 221 €
2022 Q4	41 700 €	44 259 €	104 567 €−30,8%	4
2022 Q3	52 738 €	55 636 €	151 121 €−54,5%	5
2022 Q2	41 200 €	43 552 €	331 783 €+190%	8
2022 Q1	16 371 €	17 273 €	114 436 €+75,6%	8
Total 2022:	152 009 €	160 720 €	701 907 €
2021 Q4	1 505,02 €	1 503,85 €	65 150,76 €	4
2021 Q3	-	-	-	-
Total 2021:	1 505,02 €	1 503,85 €	65 150,76 €

Revenue by industry

	2023	2024	2025
Other information technology and computer service activities	290 825 €	924 579 €	1 328 798 €
Programming	525 850 €	301 263 €	454 100 €
Other financial service activities n.e.c., except insurance and pension funding		204 993 €	248 150 €
Provision of other financial services n.e.c., except insurance and pension funding	18 359 €

Tax debts

No tax debt found

No tax debt as of 04.11.2026

Representatives

	Personal ID code
Andres Kalm	38905XXXXXX	29.05.1989 (37)	Board member	03.11.2025	-
Latvian Central Depository	40003XXXXXX	-	Share-register keeper	03.09.2025	-
Prashanth Balasubramanian	39407XXXXXX	21.07.1994 (32)	Board member	24.08.2021	-

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Shareholders

	Personal ID code
LASTBIT, INC.	US759XXXX	-	Shareholder	1 000 000 EUR	100,00%	Sole ownership	30.04.2026	-

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Other persons

	Personal ID code
Jaak Erm	38012XXXXXX	14.12.1980 (45)	Chairman of the supervisory board	07.10.2025	-
Andres Lehtmets	38601XXXXXX	04.01.1986 (40)	Supervisory-board member	03.09.2025	-
Marek Piller	37212XXXXXX	15.12.1972 (53)	Supervisory-board member	03.09.2025	-
Audit Advisory OÜ	11556099	01.12.2008 (17)	Audit firm	18.04.2022	-
Prashanth Balasubramanian	39407XXXXXX	21.07.1994 (32)	Founder	23.08.2021	-

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Ultimate beneficial owners

	Personal ID code
David Alexandre Marcus	-	12.04.1973 (53)	Indirect holding	23.10.2025	-
Stephanie Fortunée Loïse Marcus	-	03.05.1974 (52)	Indirect holding	23.10.2025	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 170 886 €
Monthly average: 56 962 €
Per employee: 4 747 €
Equity ratio: 5,70%

Labour taxes

Turnover ratio: 129,22%
Tax ratio: 108,08%
Monthly average: 73 605 €
Per employee: 6 134 €

State taxes

Monthly average: 68 105 €
Turnover ratio: 119,56%

Estimated salary

Gross salary: 10 657 €
Net salary: 8 167 €

Aggregate data

	2025	2024	2023	2022	2021
Current assets	6 200 338 €+57,3%	3 941 410 €+274%	1 054 029 €+97,5%	533 768 €+401%	106 521 €
Non-current assets	22 671 €+3 426%	643 €−70,6%	2 184 €	-	-
Total assets	6 223 009 €+57,9%	3 942 053 €+273%	1 056 213 €+97,9%	533 768 €+401%	106 521 €
Short-term liabilities	4 059 525 €+36,9%	2 966 401 €+623%	410 562 €+633%	56 036 €+163%	21 273 €
Long-term liabilities	-	-	-	-	-
Total liabilities	4 059 525 €+36,9%	2 966 401 €+623%	410 562 €+633%	56 036 €+163%	21 273 €
Share or stock capital	500 000 €	-	-	-	-
Retained earnings	700 652 €+89,0%	370 650 €+82,8%	202 732 €+320%	48 248 €+302%	12 000 €
Net profit	-3 312 168 €−1 104%	330 002 €+96,5%	167 919 €+8,7%	154 484 €+111%	73 248 €
Equity	2 163 484 €+122%	975 652 €+51,1%	645 651 €+35,1%	477 732 €+460%	85 248 €
Turnover	2 031 048 €+41,9%	1 430 835 €+71,4%	835 034 €+12,5%	742 498 €+517%	120 351 €
Profit margin	-163,1%	23,1%	20,1%	20,8%	60,9%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	-	-
Liquidity
Current ratio	9,5	5,0
Quick ratio	9,2	5,0
Cash ratio	8,9	2,2
Efficiency
Days sales outstanding (dso)	18,7	181,6
Asset turnover	2,3	1,1
Structure
Debt ratio	0,1	0,2
Profitability
Operating margin	20,7%	60,8%
Net profit margin	20,8%	60,9%
Return on assets (roa)	48,3%	68,8%
Return on equity (roe)	32,3%	85,9%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 50181200 / 13	12.10.2026	Entry – Amendment entry	-	Entered into force12.10.2026
Ä 50181200 / 12	30.04.2026	Entry – Amendment entry	-	Entered into force30.04.2026
Ä 50181200 / 11	08.01.2026	Entry – Amendment entry	-	Entered into force08.01.2026
Ä 50181200 / 10	30.12.2025	Entry to be made on a fixed date – Amendment entry	-	Entered into force30.12.2025
Ä 50181200 / M3	19.12.2025	Order confirming reservation of business name	-	Entered into force19.12.2025

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


Notice of company reorganisation	03.09.2025	PDF

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.