Usaldusfond Change Ventures Fund II

Active Registry code 14802453 UÜ Tallinn Registered 11 Sep 2019
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Usaldusfond Change Ventures Fund II is a UÜ based in Tallinn, registry code 14802453, status: active. Main activity: Activities of money market and non-money market investments funds. Its annual report for 2025 shows revenue of €0 and 0 employees.

Revenue
0 €
Employees
0
±0 vs 2024

2025 · annual report, e-Äriregister

Position in the industry Financial service activities, except insurance and pension funding · EMTAK 64

  • Revenue · 2025 0 €
    industry median 0 € · companies in the industry: 3 672

Taxes and turnover

No tax data available. EMTA publishes data for those who paid state taxes, filed a VAT return or had employees in the quarter. New and small companies may be missing.

Financials by year

2020 – 2025
Revenue, € 2025: 0 € · industry median 0 € · above 5% of the industry
0.00.00.00.00.00.02020 Company: — Industry median: 0 €20202021 Company: — Industry median: 0 €20212022 Company: 0 € Industry median: 0 €20222023 Company: 0 € Industry median: 0 €20232024 Company: 0 € Industry median: 0 €20242025 Company: 0 € Industry median: 0 €20250.00.00.00.00.00.02020 Company: — Industry median: 0 €2021 Company: — Industry median: 0 €20212022 Company: 0 € Industry median: 0 €2023 Company: 0 € Industry median: 0 €20232024 Company: 0 € Industry median: 0 €2025 Company: 0 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -1 928 666 € · −4 588.2% vs 2024 · industry median 0 € · above 2% of the industry
-10 000-5 00005 00010 0002020 Company: 243 629 € Industry median: 0 €20202021 Company: 3 039 165 € Industry median: 0 €20212022 Company: 9 184 890 € Industry median: 0 €20222023 Company: -9 561 340 € Industry median: 0 €20232024 Company: 42 972 € Industry median: 0 €20242025 Company: -1 928 666 € Industry median: 0 €2025-10 000-5 00005 00010 0002020 Company: 243 629 € Industry median: 0 €2021 Company: 3 039 165 € Industry median: 0 €20212022 Company: 9 184 890 € Industry median: 0 €2023 Company: -9 561 340 € Industry median: 0 €20232024 Company: 42 972 € Industry median: 0 €2025 Company: -1 928 666 € Industry median: 0 €2025
  • Company
  • Industry median

Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 45 924 325 € · +1.3% vs 2024
020 00040 00060 0002020 Company: 9 067 821 €20202021 Company: 28 681 463 €20212022 Company: 50 618 560 €20222023 Company: 44 687 250 €20232024 Company: 45 332 802 €20242025 Company: 45 924 325 €2025020 00040 00060 0002020 Company: 9 067 821 €2021 Company: 28 681 463 €20212022 Company: 50 618 560 €2023 Company: 44 687 250 €20232024 Company: 45 332 802 €2025 Company: 45 924 325 €2025
Equity, € thousand 2025: 1 020 650 € · −65.4% vs 2024
02 5005 0007 50010 00012 5002020 Company: 243 629 €20202021 Company: 3 282 794 €20212022 Company: 12 467 685 €20222023 Company: 2 906 345 €20232024 Company: 2 949 316 €20242025 Company: 1 020 650 €202502 5005 0007 50010 00012 5002020 Company: 243 629 €2021 Company: 3 282 794 €20212022 Company: 12 467 685 €2023 Company: 2 906 345 €20232024 Company: 2 949 316 €2025 Company: 1 020 650 €2025
Employees 2025: 0 · industry median 1 · above 2% of the industry
0.00.20.40.60.81.02020 Company: 0 Industry median: 120202021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 120222023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 120242025 Company: 0 Industry median: 120250.00.20.40.60.81.02020 Company: 0 Industry median: 12021 Company: 0 Industry median: 120212022 Company: 0 Industry median: 12023 Company: 0 Industry median: 120232024 Company: 0 Industry median: 12025 Company: 0 Industry median: 12025
  • Company
  • Industry median

Industry: Financial service activities, except insurance and pension funding (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 0 -1 928 666 0 45 924 325 1 020 650 0
2024 0 42 972 0 45 332 802 2 949 316 0
2023 0 -9 561 340 0 44 687 250 2 906 345 0
2022 0 9 184 890 0 50 618 560 12 467 685 0
2021 — 3 039 165 0 28 681 463 3 282 794 0
2020 — 243 629 0 9 067 821 243 629 0

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

Return on equity (ROE)
-189.0 %
Net profit / equity
Return on assets (ROA)
-4.2 %
Net profit / assets
Equity ratio
2.2 %
Equity / assets
Debt ratio
97.8 %
Liabilities / assets
Current ratio
20.43
Current assets / current liabilities

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 10 Apr 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 28 Apr 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 11 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 17 May 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 9 May 2022 Company’s own · audited e-Äriregister
2020 11 Sep 2019 – 31 Dec 2020 2 Jul 2021 Company’s own · audited e-Äriregister

Board

Right of representation

Any general partner may represent the limited partnership in all transactions.

Owners

No owner information.

Owner in

Beneficial owners

Founders and other persons

No other persons.

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 64311Activities of money market and non-money market investments funds Main
Rulings
Number, date Title Deadline State Document
Ä 50127928 / 4
4 Nov 2024
Amendment under Code of Civil Procedure § 595¹ (1) In force
4 Nov 2024
PDF
Ä 50127928 / 3
24 Oct 2023
Amendment under Code of Civil Procedure § 595¹ (1) In force
24 Oct 2023
PDF
Ä 50127928 / 2
4 May 2023
Amendment entry In force
4 May 2023
PDF
Ä 50127928
11 Sep 2019
First entry In force
11 Sep 2019
PDF
Ä 50127928 / M1
10 Sep 2019
Ruling to eliminate deficiencies 25 Sep 2019 Deficiencies eliminated
11 Sep 2019
PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data