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Paywerk AS

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RegisteredHarju County
Registry code
16218310
VAT number
EE100354546
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Liivalaia tn 34, 10132
Registered
29.04.2021 · 5 yrs
Activity
Other financial service activities, except insurance and pension funding n.e.c. 64991
Capital
108 175 €
Email
i•••@p•••.coLog in to see
Website
https://paywerk.co
LEI
984500G51D4EE4571E45 ISSUED
Business Register 06.10.2026
Sales revenue25 €-99%2025 annual report
Profit-925 k €2025 annual report
Employees7Tax Board 2026 Q2
Average gross salary9 683 €estimate, Tax Board 2026 Q2
Labour taxes per quarter104 k €Tax Board 2026 Q2
Cash447 k €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 06.10.2026
Revenue 12 months46 962 €-46%Tax Board, last 4 quarters
State taxes 12 months378 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 10 350 €
44 k7 17923 k14 k12 k11 k14 k10 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
A
Good, low risk
80 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 06.10.2026 · open data
Quick check
  • No tax debt
  • No enforcement proceedings (12 months)
  • No payment orders (12 months)
  • No bankruptcy or liquidation
  • No sanctions
  • Report filed (2025)
  • VAT registered
Stability
RatingA → AA → A
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 46% vs a year earlier
Notification when something changes
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Data

Board and owners

3 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 2
Erkki Saarniit2 companiesno tax debtPersonal ID ↗10.11.2021
Ivar Truss4 companiesno tax debtPersonal ID ↗02.08.2024
Other persons 1
Nasdaq CSD SE1983 companies149 with tax debt40 bankruptShare register keeperPersonal ID ↗11.10.2022
Beneficial owners 1
Tomas Pigagamember of the senior management body, i.e. management or supervisory board member27.03.2026

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue956,5%
Labour taxes / revenue1002,0%
Revenue per employee per month493 €
Gross salary (estimate)9 683 €
Net salary (estimate)7 435 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q210 350 €▼ 25%103 703 €99 001 €7
2026 Q113 639 €▼ 40%94 577 €172 883 €7
2025 Q411 336 €▲ 58%64 221 €58 381 €6
2025 Q311 637 €▼ 74%51 599 €47 338 €4
2025 Q213 786 €▼ 49%48 153 €44 778 €3
2025 Q122 593 €▼ 74%43 275 €55 152 €3
2024 Q47 179 €▼ 65%27 050 €25 594 €3
2024 Q344 200 €▼ 16%78 652 €93 758 €1
2024 Q227 214 €▼ 56%19 165 €19 631 €—
2024 Q187 260 €▲ 195%24 956 €47 751 €—
2023 Q420 438 €▼ 47%24 680 €25 822 €—
2023 Q352 885 €▼ 20%29 716 €28 370 €1
Show full history (18 quarters)
2023 Q261 584 €▼ 3%34 581 €35 515 €2
2023 Q129 580 €▼ 58%42 660 €43 868 €3
2022 Q438 492 €58 670 €55 100 €4
2022 Q365 933 €63 215 €59 150 €6
2022 Q263 312 €75 303 €39 179 €6
2022 Q169 836 €55 166 €51 372 €7

Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0

Annual reports

5 yr
Build report

20252024202320222021
Sales revenue25 €▼ 99%4 449 €▼ 70%14 904 €▲ 19×788 €—
Profit-925 k €▼ 76%-526 k €▲ 37%-831 k €▲ 29%-1,2 m €▼ 463%-208 k €
Profit margin-3698608,0%-11813,6%-5576,8%-148370,9%—
Retained earnings-2,7 m €▼ 24%-2,2 m €▼ 60%-1,4 m €▼ 563%-208 k €—
Cash447 k €▼ 80%2,3 m €▲ 820%245 k €▼ 59%596 k €▼ 11%673 k €
Current assets6,4 m €▲ 178%2,3 m €▲ 818%249 k €▼ 60%618 k €▼ 17%744 k €
Fixed assets1,9 m €▼ 73%6,8 m €▲ 412%1,3 m €▲ 38%958 k €▲ 77%541 k €
Assets8,2 m €▼ 9%9,1 m €▲ 476%1,6 m €0%1,6 m €▲ 23%1,3 m €
Current liabilities164 k €▲ 51%109 k €▼ 17%131 k €▲ 27%104 k €▼ 29%146 k €
Long-term liabilities0 €0 €0 €0 €0 €
Total liabilities164 k €▲ 51%109 k €▼ 17%131 k €▲ 27%104 k €▼ 29%146 k €
Equity8,1 m €▼ 10%9,0 m €▲ 521%1,4 m €▼ 2%1,5 m €▲ 29%1,1 m €
Labour costs-547 k €▼ 78%-307 k €▼ 9%-281 k €▲ 54%-609 k €▼ 406%-121 k €
Employees5▲ 150%2▼ 33%3▼ 40%5▲ 25%4
Filed12.06.202630.06.202528.06.202429.06.202330.06.2022
ReportPDF ↓PDF ↓PDF ↓PDF ↓PDF ↓

▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0

Revenue by activity

2025
ActivityEMTAKSales revenueOsa
Other financial service activities, except insurance and pension funding n.e.c. main activity6499125 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

Loading properties…

Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Debts and court cases

clean
No tax debt · Tax Board 06.10.2026

Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.

Enforcement, payment orders and notices

clean

Official Announcements contain no enforcement, payment order or tax authority notices about the company.

Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.

State: transactions, tenders, grants

none

No transactions with state agencies, procurement contracts or grants found

RTK Saldo, Riigihangete register, RTK toetatud projektid

Holdings in other companies

0

No holdings in other companies

Companies linked via the board

60
AS AlexelaNasdaq CSD SE555,0 m €BBEricsson Eesti AktsiaseltsNasdaq CSD SE416,6 m €AAAS SEB PankNasdaq CSD SE405,8 m €AAAktsiaselts METAPRINTNasdaq CSD SE85,8 m €AAAAS HANZA Mechanics TartuNasdaq CSD SE81,5 m €AAAERGO Insurance SENasdaq CSD SE80,6 m €AAAElke Tallinn ASNasdaq CSD SE62,0 m €AAAaktsiaselts ESTIKO - PLASTARNasdaq CSD SE48,2 m €AAAStockmann AktsiaseltsNasdaq CSD SE42,3 m €AAaktsiaselts PINUSNasdaq CSD SE29,6 m €AAAAktsiaselts BalbiinoNasdaq CSD SE29,5 m €AAAAktsiaselts Magnum VeterinaariaNasdaq CSD SE28,6 m €BBAktsiaselts KROONINGNasdaq CSD SE27,1 m €BInterchemie Werken De Adelaar Eesti aktsiaseltsNasdaq CSD SE25,5 m €BBBSchneider Electric Eesti ASNasdaq CSD SE24,9 m €BAktsiaselts TopautoNasdaq CSD SE21,6 m €AAAktsiaselts Lincona KonsultNasdaq CSD SE19,2 m €AAAAS All Media EestiNasdaq CSD SE17,2 m €AAAktsiaselts PAFERNasdaq CSD SE15,1 m €AAABaltyre Eesti ASNasdaq CSD SE14,8 m €AAAaktsiaselts PristisNasdaq CSD SE13,5 m €AAAAktsiaselts Viru ElektrikaubandusNasdaq CSD SE10,6 m €AAAktsiaselts STANDARDNasdaq CSD SE10,6 m €AAS Eesti LeivatööstusNasdaq CSD SE10,3 m €Aaktsiaselts LTTNasdaq CSD SE10,2 m €AAAMotoral Eesti AktsiaseltsNasdaq CSD SE8,6 m €AAktsiaselts Silmani ElekterNasdaq CSD SE8,0 m €Aaktsiaselts HALS TRADING - TNasdaq CSD SE6,8 m €Aaktsiaselts "Rauameister"Nasdaq CSD SE6,8 m €AAAktsiaselts "Erimell"Nasdaq CSD SE6,4 m €AAAAktsiaselts Taastusravikeskus ViikingNasdaq CSD SE5,8 m €AAAAktsiaselts Loo ElekterNasdaq CSD SE5,5 m €AAAaktsiaselts IKODORNasdaq CSD SE4,9 m €AAAktsiaselts ANTAARESNasdaq CSD SE4,7 m €AACaverion Eesti ASNasdaq CSD SE4,6 m €AAktsiaselts Kiviõli KaubahoovNasdaq CSD SE4,4 m €AAAktsiaselts Metsaküla PiimNasdaq CSD SE3,9 m €AAAaktsiaselts VÕRU VESINasdaq CSD SE3,4 m €AAAaktsiaselts TAUF-AUTONasdaq CSD SE2,9 m €AAAaktsiaselts CISTANasdaq CSD SE2,6 m €AAAPRIMULATOR EESTI AktsiaseltsNasdaq CSD SE2,2 m €AAARTT AktsiaseltsNasdaq CSD SE2,1 m €AAAAS Remedium Kalamaja ApteekNasdaq CSD SE1,7 m €AAaktsiaselts ESTIKONasdaq CSD SE1,6 m €AAAAktsiaselts Ekspress GruppNasdaq CSD SE1,4 m €AALEKON PROPERTY ASNasdaq CSD SE1,2 m €AAAAktsiaselts FotoluksNasdaq CSD SE1,1 m €BBBAktsiaselts LAVEXNasdaq CSD SE692 k €CAktsiaselts Peipsi KalameesNasdaq CSD SE498 k €AAAktsiaselts MihkliNasdaq CSD SE475 k €AAAS Tolaram InvestmentsNasdaq CSD SE380 k €AAAktsiaselts Projekt ENasdaq CSD SE198 k €AAAktsiaselts YearNasdaq CSD SE132 k €CRaisio Eesti AktsiaseltsNasdaq CSD SE120 k €ADeden-Invest AktsiaseltsNasdaq CSD SE51 638 €AKatus ASNasdaq CSD SE13 588 €Aaktsiaselts FaabulaNasdaq CSD SE0 €BBBAktsiaselts TalveaedNasdaq CSD SE · Likvideerimisel0 €CAktsiaselts SpratfilNasdaq CSD SE · Bankrupt0 €CAktsiaselts RoolidNasdaq CSD SE0 €

Sorted by revenue (latest report or 4 quarters).

Top 20 in activity: Other financial service activities, except insurance and pension funding n.e.c.

20
#CompanyRevenue
1Wise Payments Limited Eesti filiaal157,2 m €
2SwissBorg Solutions OÜ40,2 m €
3Circle K Treasury Operations Europe Aktsiaselts34,0 m €
4SUNDAY MARKETPLACE OÜ29,0 m €
5Sihtasutus Keskkonnainvesteeringute Keskus20,2 m €
6CPS Solutions OÜ11,0 m €
7Blocktronic OÜ5,0 m €
8Creditstar International OÜ5,0 m €
9Or Technologies Limited OÜ4,8 m €
10Wise Assets Europe AS4,8 m €
11AS LHV Paytech4,6 m €
12Brink's Estonia OÜ4,5 m €
13Maksekeskus AS4,2 m €
14SmartPayments OÜ4,2 m €
15FintechX OÜ4,2 m €
16Rehe Invest OÜ4,0 m €
17SolEcom-Y OÜ3,9 m €
18HOOVI Finance OÜ3,9 m €
19Montonio Finance OÜ3,0 m €
20Recoverso RMC OÜ2,8 m €

Paywerk AS: place 526 /529

Similar size: OÜ Maritel Capital, Sammy OÜ, PROSPERT OÜ, Velora OÜ, Brofido Capital OÜ, ACTA AUDIT OÜ, OÜ Nooda Invest, OÜ Etsu

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Domains

1 records

Domains

DomainSource
paywerk.coBusiness Register

History and notices

23
DateTypeContent
06.05.2026EntryAmendment entry
02.04.2026Order to remedy deficienciesAmendment entry
25.08.2025EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
09.08.2024EntryAmendment entry
02.08.2024EntryAmendment entry
02.08.2024Order to remedy deficienciesAmendment entry
30.07.2024Order to remedy deficienciesAmendment entry
16.04.2024Order to remedy deficienciesAmendment entry
08.04.2024EntryAmendment entry
15.03.2024EntryAmendment entry
04.09.2023EntryAmendment entry
22.08.2023EntryAmendment entry
14.08.2023Order to remedy deficienciesAmendment entry
30.01.2023EntryAmendment entry
11.10.2022EntryAmendment entry
13.05.2022EntryAmendment entry
14.04.2022EntryMuutmiskanne ÄS § 525 lg 2 alusel
30.12.2021EntryAmendment entry
10.11.2021EntryAmendment entry
26.10.2021Order to remedy deficienciesAmendment entry
07.10.2021EntryAmendment entry
29.04.2021EntryFirst entry
21.04.2021Order to remedy deficienciesFirst entry