SHA2 solutions OÜRegistered
Annual report for 2025 not filed.
Going concern uncertainty. In the 2023 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2024 report: Qualified.
Key figures
3 517 669 €+306,6%
Revenue 2024
+454,0%
Average annual growth 2021–2024
Ratios
202420,6%
Profit margin
15,4%
Equity ratio
3,1×
Current ratio
72,2%
Return on equity
6570 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | — | 6 | 67 097 € |
| Q1 2026 | — | 6 | 71 912 € |
| Q4 2025 | — | 6 | 57 033 € |
| Q3 2025 | — | 6 | 67 482 € |
| Q2 2025 | — | 6 | 61 548 € |
| Q1 2025 | 127 970 € | 6 | 89 591 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2020–2024
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Balance sheet — assets | |||||
| Total current assets | 18 028 | 152 090 | 260 213 | 2 876 182 | 5 214 069 |
| Total non-current assets | — | 3300 | 3300 | 728 715 | 1 305 832 |
| Total assets | 18 028 | 155 390 | 263 513 | 3 604 897 | 6 519 901 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 29 061 | 77 724 | 3 105 277 | 200 219 | 1 666 475 |
| Non-current liabilities | 111 080 | 645 942 | 0 | 3 170 577 | 3 850 226 |
| Total liabilities | 140 141 | 723 666 | 3 105 277 | 3 370 796 | 5 516 701 |
| Share capital | 12 000 | 12 000 | 100 000 | 100 000 | 100 000 |
| Retained earnings of previous periods | — | −134 113 | −580 276 | −2 924 216 | −4 090 044 |
| Profit for the year | −134 113 | −446 163 | −2 361 488 | −1 210 448 | 724 479 |
| Reserves and other equity | — | — | — | 4 268 765 | 4 268 765 |
| Total equity | −122 113 | −568 276 | −2 841 764 | 234 101 | 1 003 200 |
| Income statement | |||||
| Sales revenue | — | 20 685 | 44 684 | 865 183 | 3 517 669 |
| Operating profit | −134 113 | −406 787 | −1 948 665 | −852 353 | 981 495 |
| Profit before income tax | −134 113 | −446 163 | −2 361 488 | −1 210 448 | 724 479 |
| Profit for the reporting year | −134 113 | −446 163 | −2 361 488 | −1 210 448 | 724 479 |
| Labour costs | 100 645 | 302 127 | 502 213 | 444 219 | 502 650 |
| Depreciation of non-current assets | — | — | — | — | — |
| Other indicators | |||||
| Employees | 1 | 7 | 7 | 7 | 7 |
| Calculated dividend | — | 0 | 0 | 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.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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