Aktsiaselts LHV Varahaldus
Active Registry code 10572453
AS Tallinn Registered 9 Aug 1999
Aktsiaselts LHV Varahaldus is a AS based in Tallinn, registry code 10572453, status: active. Main activity: Fund management activities. Its annual report for 2025 shows revenue of €11 226 496 and 36 employees.
Turnover
—
State taxes
273 187 €
↓ 79.7% vs Q2 2026
Labour taxes
296 928 €
↑ 24.3% vs Q2 2026
Employees
32
−4 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Labour taxes per employee 9 279 €above 87% of companiesindustry median 2 338 € · companies in the industry: 272
- Revenue · 2025 11.2 mn €above 98% of companiesindustry median 3 200 € · companies in the industry: 1 215
- Net profit margin · 2025 36.7 %above 57% of companiesindustry median 23.7 % · companies in the industry: 667
Taxes and turnover
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance 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 | — | 273 187 | 296 928 | 32 |
| Q2 2026 | — | 1 343 806 | 238 902 | 36 |
| Q1 2026 | — | 226 768 | 245 858 | 33 |
| Q4 2025 | — | 220 280 | 244 947 | 33 |
| Q3 2025 | — | 248 642 | 275 053 | 33 |
| Q2 2025 | — | 788 030 | 249 125 | 38 |
| Q1 2025 | — | 218 936 | 235 150 | 36 |
| Q4 2024 | — | 214 855 | 228 618 | 35 |
| Q3 2024 | 23 258 | 275 060 | 289 741 | 41 |
| Q2 2024 | 25 986 | 1 035 696 | 244 183 | 43 |
| Q1 2024 | 91 717 | 260 400 | 249 367 | 38 |
| Q4 2023 | 134 896 | 248 343 | 238 202 | 37 |
| Q3 2023 | 24 340 | 217 855 | 228 448 | 39 |
| Q2 2023 | 24 930 | 703 305 | 224 668 | 39 |
| Q1 2023 | 61 981 | 209 745 | 210 955 | 34 |
| Q4 2022 | 144 059 | 224 427 | 208 884 | 33 |
| Q3 2022 | 33 318 | 207 171 | 213 859 | 35 |
| Q2 2022 | 29 003 | 1 049 464 | 217 036 | 36 |
| Q1 2022 | 29 896 | 184 787 | 190 133 | 34 |
Labour taxes per employee per month
3 093 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Activities auxiliary to financial services and insurance 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 |
|---|---|---|---|---|---|---|
| 2025 | 11 226 496 | 4 125 003 | 2 644 130 | 22 961 962 | 22 424 714 | 36 |
| 2024 | 8 935 616 | 1 615 761 | 3 168 790 | 20 770 919 | 19 998 800 | 43 |
| 2023 | 8 844 920 | 1 651 583 | 3 113 989 | 23 261 731 | 22 537 219 | 42 |
| 2022 | 7 950 699 | -102 690 | 2 718 288 | 23 680 626 | 23 092 107 | 38 |
| 2021 | 11 374 515 | — | — | 28 185 661 | — | 38 |
| 2020 | 14 965 899 | 8 344 754 | 1 870 591 | 34 352 332 | 33 243 421 | 35 |
| 2019 | 12 868 618 | 6 120 371 | 1 775 335 | 31 221 092 | 29 121 482 | 35 |
| 2018 | — | — | — | — | — | 36 |
| 2017 | — | — | — | — | — | 35 |
| 2016 | — | — | — | — | — | 40 |
| 2015 | — | — | — | — | — | 0 |
| 2014 | — | — | — | — | — | 26 |
| 2013 | — | — | — | — | — | 32 |
| 2012 | — | — | — | — | — | 34 |
| 2011 | — | — | — | — | — | 26 |
| 2009 | — | — | — | — | — | 9 |
| 2008 | — | — | — | — | — | 9 |
| 2007 | — | — | — | — | — | 7 |
| 2006 | — | — | — | — | — | 6 |
| 2005 | — | — | — | — | — | 4 |
| 2004 | — | — | — | — | — | 4 |
| 2003 | — | — | — | — | — | 4 |
| 2002 | — | — | — | — | — | 3 |
| 1999 | — | — | — | — | — | 2 |
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
Net profit margin
36.7 %
Net profit / revenue
Return on equity (ROE)
18.4 %
Net profit / equity
Return on assets (ROA)
18.0 %
Net profit / assets
Equity ratio
97.7 %
Equity / assets
Revenue per employee
311 847 €
Revenue / average full-time employees
Labour cost per employee per month
6 121 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 1 Apr 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 12 May 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 11 Mar 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 20 Mar 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 21 Jul 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 29 Mar 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 12 Mar 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Vahur VallistuBoard member · since 11 Jun 2019
- Eve SirelBoard member · since 1 Jun 2023
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 76.40%
- 8.84%
- 14.77%
- 25%
- 4%
- 71%
- 5%
- 20%
- 75%
- 41.68%
- 58.32%
- 12.90%
- 87.10%
- 26%
- 16%
- 58%
- 12.61%
- 10.81%
- 66.65%
- 12%
- 13%
- 75%
- 100%
- 14%
- 12%
- 74%
Beneficial owners
- Mihkel TorimMember of a senior management body (management or supervisory board) · since 26 Sep 2025
Founders and other persons
- Argos KrachtFounder · 40 000 € · 9 Aug 1999
- Aktsiaselts PricewaterhouseCoopersAudit firm · 23 Jan 2024
- Mihkel TorimChairman of the supervisory board · 2 Oct 2025
- Erki KiluSupervisory board member · 31 Mar 2026
- Andres ViisemannSupervisory board member · 6 Apr 2026
- Omanikukonto: AS LHV GroupShareholder · 1 500 000 € · 16 Aug 2023
Related companies
Activities (EMTAK)
- 66301Fund management activities Main
- 66191Financial consulting
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10042588 / 46 31 Jul 2024 |
Amendment entry | In force 31 Jul 2024 |
||
| Ä 10042588 / M15 29 Jul 2024 |
Procedural ruling | In force 29 Jul 2024 |
||
| Ä 10042588 / M14 9 Apr 2024 |
Refund of the state fee | In force 9 Apr 2024 |
||
| Ä 10042588 / 45 8 Apr 2024 |
Amendment entry | In force 8 Apr 2024 |
||
| Ä 10042588 / 44 1 Jun 2023 |
Amendment entry | In force 1 Jun 2023 |
||
| Ä 10042588 / M13 19 May 2022 |
Ruling to eliminate deficiencies in the annual report | 18 Jun 2022 | In force 19 May 2022 |
|
| Ä 10042588 / M12 7 Dec 2021 |
Ruling to correct data outside an entry | 1 Jan 2022 | Deficiencies eliminated 8 Dec 2021 |
|
| Ä 10042588 / M11 18 Jul 2019 |
Refund of the state fee | In force 18 Jul 2019 |
||
| Ä 10042588 / 43 27 Jun 2019 |
Amendment entry | In force 27 Jun 2019 |
||
| Ä 10042588 / M10 11 Jun 2019 |
Ruling to eliminate deficiencies | 11 Jul 2019 | Deficiencies eliminated 27 Jun 2019 |
|
| Ä 10042588 / 42 11 Jun 2019 |
Amendment entry | In force 11 Jun 2019 |
||
| Ä 10042588 / 41 27 May 2019 |
Amendment entry | In force 27 May 2019 |
||
| Ä 10042588 / M9 21 May 2019 |
Ruling to eliminate deficiencies | 31 May 2019 | Deficiencies eliminated 27 May 2019 |
|
| Ä 10042588 / 40 15 Apr 2019 |
Amendment entry | In force 15 Apr 2019 |
||
| Ä 10042588 / 39 25 Apr 2018 |
Amendment entry | In force 25 Apr 2018 |
||
| Ä 10042588 / M8 24 Apr 2018 |
Ruling to eliminate deficiencies | 24 May 2018 | Deficiencies eliminated 25 Apr 2018 |
|
| Ä 10042588 / 38 6 Apr 2018 |
Amendment entry | In force 6 Apr 2018 |
||
| Ä 10042588 / 37 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| Ä 10042588 / 36 7 Nov 2017 |
Amendment entry | In force 7 Nov 2017 |
||
| Ä 10042588 / 35 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10042588 / 34 7 Jun 2017 |
Amendment entry | In force 7 Jun 2017 |
||
| Ä 10042588 / 33 26 Sep 2016 |
Amendment entry | In force 26 Sep 2016 |
||
| Ä 10042588 / 32 31 Aug 2016 |
Amendment entry | In force 31 Aug 2016 |
||
| Ä 10042588 / 31 28 Jul 2016 |
Second (constitutive) merger entry | In force 28 Jul 2016 |
||
| Ä 10042588 / 30 19 Feb 2016 |
Amendment entry | In force 19 Feb 2016 |
||
| Ä 10042588 / 29 25 Sep 2015 |
Amendment entry | In force 25 Sep 2015 |
||
| Ä 10042588 / 28 16 Mar 2015 |
Amendment entry | In force 16 Mar 2015 |
||
| Ä 10042588 / 27 4 Feb 2015 |
Amendment entry | In force 4 Feb 2015 |
||
| Ä 10042588 / 26 31 Dec 2014 |
Amendment entry | In force 31 Dec 2014 |
||
| Ä 10042588 / 25 30 May 2013 |
Amendment under Commercial Code § 525 (2) | In force 30 May 2013 |
||
| Ä 10042588 / 24 9 Feb 2012 |
Amendment entry | In force 9 Feb 2012 |
||
| Ä 10042588 / 23 2 Aug 2011 |
Amendment entry | In force 2 Aug 2011 |
||
| Ä 10042588 / 22 10 May 2011 |
Amendment entry | In force 10 May 2011 |
||
| Ä 10042588 / M7 9 May 2011 |
Ruling to eliminate deficiencies | 25 May 2011 | In force 9 May 2011 |
|
| Ä 10042588 / 21 15 Mar 2011 |
Amendment entry | In force 15 Mar 2011 |
||
| Ä 10042588 / 20 16 Dec 2010 |
Amendment entry | In force 16 Dec 2010 |
||
| Ä 10042588 / M6 1 Dec 2010 |
Ruling to eliminate deficiencies | 20 Jan 2011 | In force 1 Dec 2010 |
|
| Ä 42588 / 19 28 May 2009 |
Amendment entry | In force 28 May 2009 |
||
| Ä 42588 / 18 3 Dec 2008 |
Deletion of activities from the registry card | In force 3 Dec 2008 |
||
| Ä 42588 / 17 11 Aug 2008 |
Amendment entry | In force 11 Aug 2008 |
||
| Ä 42588 / 16 29 Apr 2008 |
Amendment entry | In force 29 Apr 2008 |
||
| Ä 42588 / 15 11 May 2007 |
Amendment entry | In force 11 May 2007 |
||
| Ä 42588 / 14 20 Dec 2006 |
Amendment entry | In force 21 Dec 2006 |
||
| Ä 42588 / 13 29 Apr 2005 |
Second (constitutive) merger entry | In force | ||
| Ä 42588 / M5 14 Apr 2005 |
Ruling to eliminate deficiencies (to be served) | 31 May 2005 | In force | |
| Ä 42588 / 12 17 Dec 2004 |
Amendment entry | In force | ||
| Ä 42588 / M4 15 Nov 2004 |
Ruling to eliminate deficiencies (to be served) | In force | ||
| Ä 42588 / 11 4 Jun 2004 |
Amendment entry | In force | ||
| Ä 42588 / 10 9 May 2003 |
Amendment entry | In force | ||
| Ä 42588 / M3 25 Apr 2003 |
Ruling to eliminate deficiencies (to be served) | 30 May 2003 | In force | |
| Ä 42588 / M2 3 Oct 2002 |
Ruling to be served | In force | ||
| Ä 42588 / 9 3 Oct 2002 |
Published amendment entry | In force | ||
| Ä 42588 / 8 3 May 2002 |
Unpublished amendment entry | In force |
Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data