xChange AS
RegisteredKey figures
Ratios
2025Summary: xChange AS
What kind of company is it?
XChange AS (registry code 14428150) is a public limited company (AS). The company was entered in the Commercial Register in 2018 and has been registered for 8 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other activities auxiliary to financial services n.e.c., except insurance and pension funding (EMTAK 66199). The company is registered for VAT (VAT number EE102847048).
How is the company doing financially?
Revenue in financial year 2025 was 1 914 484 €, down 37,9% on the previous year (3 081 878 €). From 2019 to 2025, revenue grew by an average of 106% per year. Financial year 2025 ended with a loss of 324 356 €. The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 11 employees (7 a year earlier). Revenue per employee was 174 044 €. At the end of financial year 2025, total assets were 36 063 574 € and equity 1 991 356 € (5,5% of assets). Based on labour costs in the report, the estimated average gross salary was about 4690 € per month.
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 32 759 €, down 17,9% on the same quarter a year earlier. Labour taxes paid in the quarter: 52 766 €.
Who runs the company and who owns it?
The management board has 2 members. The supervisory board has 3 members. The sole owner of the company is Change Group AS.
Where does the data come from and how fresh is it?
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 30.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (984500SD8CF88ZIB5H75) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 32 759 € | — | 52 766 € |
| Q2 2026 | 46 684 € | 4 | 82 001 € |
| Q1 2026 | 42 936 € | 7 | 95 713 € |
| Q4 2025 | 37 748 € | 9 | 111 820 € |
| Q3 2025 | 39 921 € | 9 | 122 091 € |
| Q2 2025 | 17 710 € | 11 | 67 213 € |
| Q1 2025 | — | 10 | 41 713 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 6 262 790 | 2 745 906 | 2 698 881 | 3 081 878 | 1 914 484 |
| Net profit | 1 137 413 | 238 895 | 575 668 | 1 052 479 | −324 356 |
| Retained earnings | −1 390 536 | −501 051 | −274 606 | 298 076 | 1 544 586 |
| Total assets | 54 477 734 | 21 019 698 | 36 241 188 | 56 787 973 | 36 063 574 |
| Total liabilities | 53 949 365 | 20 342 295 | 34 989 975 | 54 475 636 | 34 072 218 |
| Total equity | 528 369 | 677 403 | 1 251 213 | 2 312 337 | 1 991 356 |
| Employees | 14 | 16 | 8 | 7 | 11 |
| Average gross salary (monthly) | 2820 | 3052 | 3982 | 3495 | 4692 |
| Calculated dividend | 0 | 89 861 | 1858 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 note1 for information5 clear
- Against the consumer · 28.03.2025
- Against the consumer · 10.05.2024
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 1350 € (2020). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (1350 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Ettevõtluse ja Innovatsiooni Sihtasutus | Nõustamine VTA | 1350 € | 16.12.2020 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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