HgIT Solutions OÜ
HgIT Solutions OÜ is a OÜ based in Tallinn, registry code 16247211, status: active. Main activity: Other software publishing. According to EMTA, turnover for Q3 2026 was €2 550 695 with employees.
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 2.6 mn €above 98% of companiesindustry median 9 319 € · companies in the industry: 766
- Revenue · 2024 222 355 €above 87% of companiesindustry median 5 831 € · companies in the industry: 1 258
- Net profit margin · 2024 -166.6 %above 2% of companiesindustry median 5.9 % · companies in the industry: 817
Taxes and turnover
- Company
- Industry median
Industry: Publishing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Publishing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 2 550 695 | 3 528 | 2 676 | — |
| Q2 2026 | 5 071 689 | 2 753 | 1 784 | — |
| Q1 2026 | 2 908 237 | 4 151 | 3 568 | — |
| Q4 2025 | 3 315 679 | 4 172 | 2 676 | — |
| Q3 2025 | 2 974 299 | 5 620 | 4 325 | — |
| Q2 2025 | 5 499 386 | 4 961 | 3 568 | 1 |
| Q1 2025 | 3 381 303 | 4 667 | 3 428 | 1 |
| Q4 2024 | 3 223 362 | 4 601 | 3 359 | 1 |
| Q3 2024 | 2 819 919 | 4 437 | 3 359 | 1 |
| Q2 2024 | 2 869 836 | 4 636 | 3 359 | 1 |
| Q1 2024 | 4 519 083 | 1 997 | 840 | 1 |
| Q4 2023 | 3 050 215 | 1 813 | 840 | 1 |
| Q3 2023 | 3 171 449 | 2 053 | 840 | 1 |
| Q2 2023 | 3 399 125 | 1 773 | 840 | 1 |
| Q1 2023 | 5 687 810 | 2 199 | 840 | 1 |
| Q4 2022 | 3 102 006 | 2 081 | 840 | 1 |
| Q3 2022 | 2 871 253 | 1 873 | 840 | 1 |
| Q2 2022 | 2 611 281 | 2 321 | 840 | 1 |
| Q1 2022 | 3 513 223 | 2 156 | 840 | 1 |
Financials by year
- Company
- Industry median
Industry: Publishing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Publishing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Publishing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Publishing activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2024 | 222 355 | -370 399 | 8 159 | 2 216 293 | 169 999 | 1 |
| 2023 | 384 706 | 114 747 | 8 330 | 2 018 952 | 540 398 | 1 |
| 2022 | 1 566 023 | 1 570 567 | 7 478 | 1 972 952 | 1 115 511 | 1 |
| 2021 | 897 688 | -455 056 | 1 360 | 526 643 | -455 056 | 1 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2024
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 27 Jun 2025 | Company’s own | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 9 Dec 2024 | Company’s own | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 4 Dec 2023 | Company’s own | e-Äriregister |
| 2021 | 7 Jun 2021 – 31 Dec 2021 | 30 Jun 2022 | Company’s own | e-Äriregister |
Board
- Vytis ArlauskasBoard member · since 11 Mar 2026
Right of representation
Any member of the management board may represent the private limited company in all transactions.
Owners
- Siegfried HegelmannNatural person · 1 250 €
- Anton HegelmannNatural person · 1 250 €
Beneficial owners
- Anton HegelmannDirect ownership · LTU · since 8 Jul 2021
- Siegfried HegelmannDirect ownership · DEU · since 8 Jul 2021
Founders and other persons
- Anton HegelmannFounder · 1 250 € · 31 May 2021
- Siegfried HegelmannFounder · 1 250 € · 31 May 2021
Related companies
Activities (EMTAK)
- 58291Other software publishing Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 50175579 / 5 11 Mar 2026 |
Amendment entry | In force 11 Mar 2026 |
||
| Ä 50175579 / 4 18 Aug 2025 |
Amendment entry | In force 18 Aug 2025 |
||
| Ä 50175579 / M3 6 Sep 2024 |
Warning of deletion from the register: annual report not filed | 10 Dec 2024 | Deficiencies eliminated 10 Dec 2024 |
|
| Ä 50175579 / M2 17 Jul 2024 |
Warning of deletion from the register: annual report not filed | 20 Oct 2024 | Deficiencies eliminated 24 Aug 2024 |
|
| Ä 50175579 / 3 3 Sep 2023 |
Amendment entry | In force 3 Sep 2023 |
||
| Ä 50175579 / 2 3 May 2023 |
Amendment entry | In force 3 May 2023 |
||
| Ä 50175579 7 Jun 2021 |
First entry | In force 7 Jun 2021 |
||
| Ä 50175579 / M1 3 Jun 2021 |
Ruling to eliminate deficiencies | 13 Jun 2021 | Deficiencies eliminated 7 Jun 2021 |
Sources: e-Äriregister and EMTA. Data updated 29 Oct 2026. Open at the source ↗ · Report an error in the data