xChange AS

Active Registry code 14428150 AS Tallinn Registered 12 Feb 2018
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xChange AS is a AS based in Tallinn, registry code 14428150, status: active. Main activity: Other activities auxiliary to financial services, except insurance and pension funding n.e.c.. According to EMTA, turnover for Q3 2026 was €32 759 with employees.

Turnover
32 759 €
↓ 29.8% vs Q2 2026
State taxes
54 912 €
↓ 36.0% vs Q2 2026
Labour taxes
52 766 €
↓ 35.7% vs Q2 2026
Employees
—

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Activities auxiliary to financial services and insurance activities · EMTAK 66

  • Turnover · Q3 2026 32 759 €
    industry median 13 814 € · companies in the industry: 339
  • Revenue · 2025 1.9 mn €
    industry median 3 200 € · companies in the industry: 1 215
  • Net profit margin · 2025 -16.9 %
    industry median 23.7 % · companies in the industry: 667

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € Q3 2026: 32 759 € · −29.8% vs Q2 2026 · industry median 13 814 € · above 67% of the industry
010 00020 00030 00040 00050 000Q4 2023 Company: — Industry median: 15 410 €Q4·23Q1 2024 Company: — Industry median: 14 567 €Q2 2024 Company: — Industry median: 14 307 €Q2·24Q3 2024 Company: — Industry median: 15 089 €Q4 2024 Company: — Industry median: 17 023 €Q4·24Q1 2025 Company: — Industry median: 15 000 €Q2 2025 Company: 17 710 € Industry median: 14 295 €Q2·25Q3 2025 Company: 39 921 € Industry median: 15 833 €Q4 2025 Company: 37 748 € Industry median: 14 155 €Q4·25Q1 2026 Company: 42 936 € Industry median: 14 181 €Q2 2026 Company: 46 684 € Industry median: 13 350 €Q2·26Q3 2026 Company: 32 759 € Industry median: 13 814 €Q3·26010 00020 00030 00040 00050 000Q4 2024 Company: — Industry median: 17 023 €Q1 2025 Company: — Industry median: 15 000 €Q1·25Q2 2025 Company: 17 710 € Industry median: 14 295 €Q3 2025 Company: 39 921 € Industry median: 15 833 €Q3·25Q4 2025 Company: 37 748 € Industry median: 14 155 €Q1 2026 Company: 42 936 € Industry median: 14 181 €Q1·26Q2 2026 Company: 46 684 € Industry median: 13 350 €Q3 2026 Company: 32 759 € Industry median: 13 814 €Q3·26
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q2 2026: 20 500 € · +49.9% vs Q1 2026 · industry median 2 325 € · above 98% of the industry
05 00010 00015 00020 00025 000Q4 2023 Company: 5 013 € Industry median: 2 204 €Q4·23Q1 2024 Company: 2 786 € Industry median: 2 519 €Q2 2024 Company: 4 299 € Industry median: 2 244 €Q2·24Q3 2024 Company: 3 803 € Industry median: 2 155 €Q4 2024 Company: 3 819 € Industry median: 2 169 €Q4·24Q1 2025 Company: 4 171 € Industry median: 2 294 €Q2 2025 Company: 6 110 € Industry median: 2 197 €Q2·25Q3 2025 Company: 13 566 € Industry median: 2 337 €Q4 2025 Company: 12 424 € Industry median: 2 337 €Q4·25Q1 2026 Company: 13 673 € Industry median: 2 256 €Q2 2026 Company: 20 500 € Industry median: 2 325 €Q2·26Q3 2026 Company: — Industry median: 2 338 €Q3·2605 00010 00015 00020 00025 000Q4 2024 Company: 3 819 € Industry median: 2 169 €Q1 2025 Company: 4 171 € Industry median: 2 294 €Q1·25Q2 2025 Company: 6 110 € Industry median: 2 197 €Q3 2025 Company: 13 566 € Industry median: 2 337 €Q3·25Q4 2025 Company: 12 424 € Industry median: 2 337 €Q1 2026 Company: 13 673 € Industry median: 2 256 €Q1·26Q2 2026 Company: 20 500 € Industry median: 2 325 €Q3 2026 Company: — Industry median: 2 338 €Q3·26
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q2 2026: 4 · −42.9% vs Q1 2026
03581013Q4 2023 Company: 9Q4·23Q1 2024 Company: 10Q2 2024 Company: 10Q2·24Q3 2024 Company: 11Q4 2024 Company: 11Q4·24Q1 2025 Company: 10Q2 2025 Company: 11Q2·25Q3 2025 Company: 9Q4 2025 Company: 9Q4·25Q1 2026 Company: 7Q2 2026 Company: 4Q2·26Q3 2026 Company: —Q3·2603581013Q4 2024 Company: 11Q1 2025 Company: 10Q1·25Q2 2025 Company: 11Q3 2025 Company: 9Q3·25Q4 2025 Company: 9Q1 2026 Company: 7Q1·26Q2 2026 Company: 4Q3 2026 Company: —Q3·26
State taxes, € thousand Q3 2026: 54 912 € · −36.0% vs Q2 2026
0255075100125Q4 2023 Company: 42 335 €Q4·23Q1 2024 Company: 26 347 €Q2 2024 Company: 40 572 €Q2·24Q3 2024 Company: 39 245 €Q4 2024 Company: 39 736 €Q4·24Q1 2025 Company: 39 202 €Q2 2025 Company: 66 482 €Q2·25Q3 2025 Company: 121 242 €Q4 2025 Company: 111 643 €Q4·25Q1 2026 Company: 96 819 €Q2 2026 Company: 85 740 €Q2·26Q3 2026 Company: 54 912 €Q3·260255075100125Q4 2024 Company: 39 736 €Q1 2025 Company: 39 202 €Q1·25Q2 2025 Company: 66 482 €Q3 2025 Company: 121 242 €Q3·25Q4 2025 Company: 111 643 €Q1 2026 Company: 96 819 €Q1·26Q2 2026 Company: 85 740 €Q3 2026 Company: 54 912 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 32 759 54 912 52 766 —
Q2 2026 46 684 85 740 82 001 4
Q1 2026 42 936 96 819 95 713 7
Q4 2025 37 748 111 643 111 820 9
Q3 2025 39 921 121 242 122 091 9
Q2 2025 17 710 66 482 67 213 11
Q1 2025 — 39 202 41 713 10
Q4 2024 — 39 736 42 012 11
Q3 2024 — 39 245 41 838 11
Q2 2024 — 40 572 42 990 10
Q1 2024 — 26 347 27 859 10
Q4 2023 — 42 335 45 116 9
Q3 2023 — 48 109 51 598 9
Q2 2023 — 64 405 69 109 9
Q1 2023 — 75 800 81 230 11
Q4 2022 — 89 361 95 560 13
Q3 2022 — 222 491 238 705 16
Q2 2022 — 219 695 235 749 21
Q1 2022 — 156 223 167 687 21

Financials by year

2018 – 2025
Revenue, € thousand 2025: 1 914 484 € · −37.9% vs 2024 · industry median 3 200 € · above 98% of the industry
02 0004 0006 0008 0002018 Company: — Industry median: —20182019 Company: 24 725 € Industry median: 5 400 €20192020 Company: 545 647 € Industry median: 3 790 €20202021 Company: 6 262 790 € Industry median: 4 200 €20212022 Company: 2 745 906 € Industry median: 3 539 €20222023 Company: 2 698 881 € Industry median: 3 094 €20232024 Company: 3 081 878 € Industry median: 3 510 €20242025 Company: 1 914 484 € Industry median: 3 200 €202502 0004 0006 0008 0002018 Company: — Industry median: —2019 Company: 24 725 € Industry median: 5 400 €20192020 Company: 545 647 € Industry median: 3 790 €2021 Company: 6 262 790 € Industry median: 4 200 €20212022 Company: 2 745 906 € Industry median: 3 539 €2023 Company: 2 698 881 € Industry median: 3 094 €20232024 Company: 3 081 878 € Industry median: 3 510 €2025 Company: 1 914 484 € Industry median: 3 200 €2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -324 356 € · −130.8% vs 2024 · industry median 80 € · above 2% of the industry
-1 000-50005001 0001 5002018 Company: — Industry median: —20182019 Company: -756 617 € Industry median: 502 €20192020 Company: -450 904 € Industry median: 93 €20202021 Company: 1 137 413 € Industry median: 269 €20212022 Company: 238 895 € Industry median: 0 €20222023 Company: 575 668 € Industry median: 10 €20232024 Company: 1 052 479 € Industry median: 165 €20242025 Company: -324 356 € Industry median: 80 €2025-1 000-50005001 0001 5002018 Company: — Industry median: —2019 Company: -756 617 € Industry median: 502 €20192020 Company: -450 904 € Industry median: 93 €2021 Company: 1 137 413 € Industry median: 269 €20212022 Company: 238 895 € Industry median: 0 €2023 Company: 575 668 € Industry median: 10 €20232024 Company: 1 052 479 € Industry median: 165 €2025 Company: -324 356 € Industry median: 80 €2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -16.9 % · −51.1 pp vs the year before · industry median 23.7 % · above 15% of the industry
-4 000-3 000-2 000-1 00001 0002018 Company: — Industry median: —20182019 Company: -3 060.1 % Industry median: 28.7 %20192020 Company: -82.6 % Industry median: 24.8 %20202021 Company: 18.2 % Industry median: 27.0 %20212022 Company: 8.7 % Industry median: 20.8 %20222023 Company: 21.3 % Industry median: 21.6 %20232024 Company: 34.2 % Industry median: 23.7 %20242025 Company: -16.9 % Industry median: 23.7 %2025-4 000-3 000-2 000-1 00001 0002018 Company: — Industry median: —2019 Company: -3 060.1 % Industry median: 28.7 %20192020 Company: -82.6 % Industry median: 24.8 %2021 Company: 18.2 % Industry median: 27.0 %20212022 Company: 8.7 % Industry median: 20.8 %2023 Company: 21.3 % Industry median: 21.6 %20232024 Company: 34.2 % Industry median: 23.7 %2025 Company: -16.9 % Industry median: 23.7 %2025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 36 063 574 € · −36.5% vs 2024
020 00040 00060 0002018 Company: —20182019 Company: 734 692 €20192020 Company: 10 385 072 €20202021 Company: 54 477 734 €20212022 Company: 21 019 698 €20222023 Company: 36 241 188 €20232024 Company: 56 787 973 €20242025 Company: 36 063 574 €2025020 00040 00060 0002018 Company: —2019 Company: 734 692 €20192020 Company: 10 385 072 €2021 Company: 54 477 734 €20212022 Company: 21 019 698 €2023 Company: 36 241 188 €20232024 Company: 56 787 973 €2025 Company: 36 063 574 €2025
Equity, € thousand 2025: 1 991 356 € · −13.9% vs 2024
-1 00001 0002 0003 0002018 Company: —20182019 Company: -190 886 €20192020 Company: -625 464 €20202021 Company: 528 369 €20212022 Company: 677 403 €20222023 Company: 1 251 213 €20232024 Company: 2 312 337 €20242025 Company: 1 991 356 €2025-1 00001 0002 0003 0002018 Company: —2019 Company: -190 886 €20192020 Company: -625 464 €2021 Company: 528 369 €20212022 Company: 677 403 €2023 Company: 1 251 213 €20232024 Company: 2 312 337 €2025 Company: 1 991 356 €2025
Employees 2025: 11 · +57.1% vs 2024 · industry median 1 · above 90% of the industry
051015202018 Company: 6 Industry median: 120182019 Company: 6 Industry median: 120192020 Company: 5 Industry median: 120202021 Company: 14 Industry median: 120212022 Company: 16 Industry median: 120222023 Company: 8 Industry median: 120232024 Company: 7 Industry median: 120242025 Company: 11 Industry median: 12025051015202018 Company: 6 Industry median: 12019 Company: 6 Industry median: 120192020 Company: 5 Industry median: 12021 Company: 14 Industry median: 120212022 Company: 16 Industry median: 12023 Company: 8 Industry median: 120232024 Company: 7 Industry median: 12025 Company: 11 Industry median: 12025
  • Company
  • Industry median

Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 1 914 484 -324 356 828 632 36 063 574 1 991 356 11
2024 3 081 878 1 052 479 392 780 56 787 973 2 312 337 7
2023 2 698 881 575 668 511 421 36 241 188 1 251 213 8
2022 2 745 906 238 895 784 158 21 019 698 677 403 16
2021 6 262 790 1 137 413 633 997 54 477 734 528 369 14
2020 545 647 -450 904 211 320 10 385 072 -625 464 5
2019 24 725 -756 617 325 809 734 692 -190 886 6
2018 — — — — — 6

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin
-16.9 %
Net profit / revenue
Return on equity (ROE)
-16.3 %
Net profit / equity
Return on assets (ROA)
-0.9 %
Net profit / assets
Equity ratio
5.5 %
Equity / assets
Debt ratio
94.5 %
Liabilities / assets
Current ratio
1.06
Current assets / current liabilities
Revenue per employee
174 044 €
Revenue / average full-time employees
Labour cost per employee per month
6 278 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 1 Aug 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 1 Aug 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 2 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 7 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 1 Apr 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 31 Oct 2020 Company’s own e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 18 Mar 2019
  • Antonios Desypris
    Board member · since 11 Jun 2025
  • Märt Parker
    Board member · since 11 Jun 2025

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

  • Ingmar Mattus
    Over 50% of voting rights in the consolidated entity · CHE · since 4 Apr 2024

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 66199Other activities auxiliary to financial services, except insurance and pension funding n.e.c. Main

Rulings 32

All rulings (PDF)
Rulings
Number, date Title Deadline State Document
Ä 50087624 / M9
16 Jul 2025
 Warning of a fine: annual report not filed 15 Aug 2025 Deficiencies eliminated
2 Aug 2025
 PDF
Ä 50087624 / 23
11 Jun 2025
 Amendment entry In force
11 Jun 2025
 PDF
Ä 50087624 / 22
12 Feb 2025
 Amendment under Code of Civil Procedure § 595¹ (1) In force
12 Feb 2025
 PDF
Ä 50087624 / 21
1 Oct 2024
 Amendment entry In force
1 Oct 2024
 PDF
Ä 50087624 / M8
7 Jul 2024
 Warning of a fine: annual report not filed 6 Aug 2024 Deficiencies eliminated
2 Aug 2024
 PDF
Ä 50087624 / 20
28 Jun 2024
 Amendment entry In force
28 Jun 2024
 PDF
Ä 50087624 / M7
13 Jun 2024
 Ruling to eliminate deficiencies 28 Jun 2024 Deficiencies eliminated
28 Jun 2024
 PDF
Ä 50087624 / M6
31 May 2024
 Ruling to correct data outside an entry 14 Jun 2024 Deficiencies eliminated
31 May 2024
 PDF
Ä 50087624 / 19
27 May 2024
 Amendment entry In force
27 May 2024
 PDF
Ä 50087624 / 18
3 Nov 2022
 Amendment entry In force
3 Nov 2022
 PDF
Ä 50087624 / M5
25 Oct 2022
 Ruling to eliminate deficiencies 24 Nov 2022 Deficiencies eliminated
3 Nov 2022
 PDF
Ä 50087624 / 17
27 Jul 2022
 Amendment entry In force
27 Jul 2022
 PDF
Ä 50087624 / 16
16 Jun 2022
 Amendment entry In force
16 Jun 2022
 PDF
Ä 50087624 / 15
8 Jun 2022
 Amendment entry In force
8 Jun 2022
 PDF
Ä 50087624 / 14
31 Jan 2022
 Amendment under Commercial Code § 525 (2) In force
31 Jan 2022
 PDF
Ä 50087624 / 13
31 Oct 2020
 Amendment entry In force
31 Oct 2020
 PDF
Ä 50087624 / 12
10 Feb 2020
 Amendment entry In force
10 Feb 2020
 PDF
Ä 50087624 / M4
29 Jan 2020
 Ruling to eliminate deficiencies 18 Feb 2020 Deficiencies eliminated
10 Feb 2020
 PDF
Ä 50087624 / M3
11 Dec 2019
 Procedural ruling 31 Dec 2019 In force
11 Dec 2019
 PDF
Ä 50087624 / 11
18 Mar 2019
 Amendment entry In force
18 Mar 2019
 PDF
Ä 50087624 / 10
30 Nov 2018
 Amendment under Commercial Code § 525 (2) In force
30 Nov 2018
 PDF
Ä 50087624 / 9
19 Oct 2018
 Amendment entry In force
19 Oct 2018
 PDF
Ä 50087624 / 8
18 Oct 2018
 Transformation entry In force
18 Oct 2018
 PDF
Ä 50087624 / M2
15 Oct 2018
 Procedural ruling 25 Oct 2018 Deficiencies eliminated
16 Oct 2018
 PDF
Ä 50087624 / 7
27 Sep 2018
 Entry refused In force
12 Oct 2018
 PDF
Ä 50087624 / 6
14 Sep 2018
 Amendment entry In force
14 Sep 2018
 PDF
Ä 50087624 / 5
10 Sep 2018
 Amendment entry In force
10 Sep 2018
 PDF
Ä 50087624 / M1
3 Sep 2018
 Ruling to eliminate deficiencies 3 Oct 2018 Deficiencies eliminated
10 Sep 2018
 PDF
Ä 50087624 / 4
22 Jun 2018
 Amendment entry In force
22 Jun 2018
 PDF
Ä 50087624 / 3
23 May 2018
 Amendment entry In force
23 May 2018
 PDF
Ä 50087624 / 2
16 Apr 2018
 Amendment entry In force
16 Apr 2018
 PDF
Ä 50087624
12 Feb 2018
 First entry In force
12 Feb 2018
 PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data