FINEST AS
Active Registry code 10714404
AS Tallinn Registered 11 Dec 2000
FINEST AS is a AS based in Tallinn, registry code 10714404, status: active. Main activity: Computer programming activities. According to EMTA, turnover for Q3 2026 was €2 053 772 with 87 employees.
Turnover
2 053 772 €
↑ 20.1% vs Q2 2026
State taxes
775 290 €
↓ 14.2% vs Q2 2026
Labour taxes
585 567 €
↓ 10.7% vs Q2 2026
Employees
87
−5 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 2.1 mn €above 98% of companiesindustry median 19 078 € · companies in the industry: 7 345
- Labour taxes per employee 6 731 €above 86% of companiesindustry median 2 345 € · companies in the industry: 2 783
- Revenue · 2025 8.3 mn €above 98% of companiesindustry median 14 309 € · companies in the industry: 13 336
- Net profit margin · 2025 0.5 %above 29% of companiesindustry median 15.1 % · companies in the industry: 8 943
Taxes and turnover
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related 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 | 2 053 772 | 775 290 | 585 567 | 87 |
| Q2 2026 | 1 709 355 | 903 341 | 655 525 | 92 |
| Q1 2026 | 2 068 412 | 933 766 | 645 850 | 100 |
| Q4 2025 | 2 645 190 | 1 083 991 | 635 400 | 98 |
| Q3 2025 | 1 734 088 | 805 463 | 558 393 | 95 |
| Q2 2025 | 1 968 254 | 826 633 | 541 766 | 86 |
| Q1 2025 | 2 026 968 | 787 367 | 517 393 | 85 |
| Q4 2024 | 1 893 835 | 653 676 | 414 690 | 80 |
| Q3 2024 | 1 450 885 | 567 592 | 397 258 | 75 |
| Q2 2024 | 1 650 926 | 611 432 | 401 221 | 70 |
| Q1 2024 | 1 832 361 | 635 715 | 398 799 | 68 |
| Q4 2023 | 1 486 443 | 537 702 | 355 622 | 70 |
| Q3 2023 | 1 499 152 | 548 887 | 363 845 | 64 |
| Q2 2023 | 1 506 920 | 533 378 | 346 937 | 66 |
| Q1 2023 | 1 588 029 | 535 319 | 336 633 | 64 |
| Q4 2022 | 2 006 226 | 620 786 | 325 983 | 63 |
| Q3 2022 | 1 261 238 | 484 871 | 323 559 | 63 |
| Q2 2022 | 784 568 | 369 890 | 297 771 | 61 |
| Q1 2022 | 1 164 394 | 421 846 | 291 143 | 63 |
Labour taxes per employee per month
2 244 €
Turnover per employee in the quarter
23 607 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Computer programming, consultancy and related 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 | 8 289 316 | 41 268 | 5 374 656 | 3 756 723 | 1 120 773 | 88 |
| 2024 | 6 771 549 | 11 754 | 3 901 851 | 3 566 348 | 1 179 504 | 68 |
| 2023 | 5 780 984 | 19 574 | 3 370 231 | 3 154 628 | 1 237 750 | 63 |
| 2022 | 4 540 916 | -692 116 | 2 946 967 | 3 505 522 | 619 848 | 59 |
| 2021 | 4 084 941 | 28 845 | 2 915 447 | 4 086 164 | 1 311 964 | 65 |
| 2020 | 5 034 635 | 122 194 | 3 204 400 | 3 384 391 | 1 283 119 | 79 |
| 2019 | 5 568 620 | 234 582 | 3 203 416 | 3 502 797 | 1 160 925 | 81 |
| 2018 | — | — | — | — | — | 66 |
| 2017 | — | — | — | — | — | 53 |
| 2016 | — | — | — | — | — | 47 |
| 2015 | — | — | — | — | — | 40 |
| 2014 | — | — | — | — | — | 36 |
| 2013 | — | — | — | — | — | 34 |
| 2012 | — | — | — | — | — | 34 |
| 2007 | — | — | — | — | — | 17 |
| 2006 | — | — | — | — | — | 17 |
| 2005 | — | — | — | — | — | 7 |
| 2004 | — | — | — | — | — | 7 |
| 2003 | — | — | — | — | — | 5 |
| 2002 | — | — | — | — | — | 3 |
| 2001 | — | — | — | — | — | 0 |
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
0.5 %
Net profit / revenue
Return on equity (ROE)
3.7 %
Net profit / equity
Return on assets (ROA)
1.1 %
Net profit / assets
Equity ratio
29.8 %
Equity / assets
Debt ratio
70.2 %
Liabilities / assets
Current ratio
0.88
Current assets / current liabilities
Revenue per employee
94 197 €
Revenue / average full-time employees
Labour cost per employee per month
5 090 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 15 Apr 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 25 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 27 Mar 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 30 Jun 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 30 Jun 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 2 Jun 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 29 Jun 2020 | Company’s own · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 3 | 500 000 € | Luminor Bank AS | 19 Jun 2020 – in force |
| 2 | 95 000 € | Luminor Bank AS | 31 Aug 2016 – in force |
| 1 | 105 000 € | Luminor Bank AS | 1 Sep 2015 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 27 Sep 2017
- Jan UrvaBoard member · since 22 Oct 2018
- Søren HejnfeltBoard member · since 22 Oct 2018
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 100%
Beneficial owners
- Aap HirvesooIndirect ownership · since 4 Sep 2018
- Priit PenjamIndirect ownership · since 4 Sep 2018
Founders and other persons
- OÜ B2C KONSULTFounder · 40 000 € · 11 Dec 2000
- KPMG Baltics OÜAudit firm · 10 Sep 2024
- Priit PenjamChairman of the supervisory board · 2 May 2023
- Aap HirvesooSupervisory board member · 2 May 2023
- Martin SutropSupervisory board member · 2 May 2023
- Meelis PirnSupervisory board member · 2 May 2023
- Omanikukonto: FINOR GROUP OÜShareholder · 295 000 € · 29 Dec 2025
Related companies
Activities (EMTAK)
- 62101Computer programming activities Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10053270 / 35 3 Mar 2025 |
Amendment entry | In force 3 Mar 2025 |
||
| Ä 10053270 / 34 17 Sep 2024 |
Amendment entry | In force 17 Sep 2024 |
||
| Ä 10053270 / 33 17 Sep 2024 |
Amendment entry | In force 17 Sep 2024 |
||
| Ä 10053270 / 32 6 Oct 2023 |
Amendment entry | In force 6 Oct 2023 |
||
| Ä 10053270 / 31 20 Sep 2023 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 20 Sep 2023 |
||
| Ä 10053270 / 30 30 Jun 2023 |
Amendment entry | In force 30 Jun 2023 |
||
| Ä 10053270 / 29 2 May 2023 |
Amendment entry | In force 2 May 2023 |
||
| K 10053270 / 28 19 Jun 2020 |
Commercial pledge entered | In force 19 Jun 2020 |
||
| Ä 10053270 / 27 28 May 2020 |
Amendment under Commercial Code § 525 (2) | In force 28 May 2020 |
||
| Ä 10053270 / 26 22 Oct 2018 |
Amendment entry | In force 22 Oct 2018 |
||
| Ä 10053270 / 25 10 Jul 2018 |
Second (constitutive) merger entry | In force 10 Jul 2018 |
||
| Ä 10053270 / 24 31 May 2018 |
Amendment under Commercial Code § 525 (2) | In force 31 May 2018 |
||
| Ä 10053270 / 21 17 Jan 2018 |
Amendment entry | In force 17 Jan 2018 |
||
| K 10053270 / 23 17 Jan 2018 |
Commercial pledge amended | In force 17 Jan 2018 |
||
| K 10053270 / 22 17 Jan 2018 |
Commercial pledge amended | In force 17 Jan 2018 |
||
| Ä 10053270 / 20 7 Nov 2017 |
Amendment entry | In force 7 Nov 2017 |
||
| Ä 10053270 / 19 27 Sep 2017 |
Amendment entry | In force 27 Sep 2017 |
||
| Ä 10053270 / 18 31 Aug 2016 |
Amendment entry | In force 31 Aug 2016 |
||
| K 10053270 / 17 31 Aug 2016 |
Commercial pledge entered | In force 31 Aug 2016 |
||
| Ä 10053270 / M8 26 Feb 2016 |
Ruling to correct data outside an entry | 17 Mar 2016 | Deficiencies eliminated 3 Mar 2016 |
|
| K 10053270 / 16 1 Sep 2015 |
Commercial pledge entered | In force 1 Sep 2015 |
||
| Ä 10053270 / M7 18 Jun 2014 |
Ruling to correct data outside an entry | 18 Jul 2014 | Deficiencies eliminated 18 Jun 2014 |
|
| Ä 10053270 / 15 14 Nov 2013 |
Amendment under Commercial Code § 525 (2) | In force 14 Nov 2013 |
||
| Ä 10053270 / 14 14 Oct 2013 |
Amendment entry | In force 14 Oct 2013 |
||
| Ä 10053270 / M6 11 Oct 2013 |
Ruling to eliminate deficiencies | 10 Nov 2013 | Deficiencies eliminated 14 Oct 2013 |
|
| Ä 10053270 / 13 19 Jul 2012 |
Entry made by the register on its own initiative | In force 19 Jul 2012 |
||
| Ä 10053270 / 12 18 Jul 2012 |
Transformation entry without a new registry card | In force 18 Jul 2012 |
||
| Ä 10053270 / M5 12 Jul 2012 |
Ruling to eliminate deficiencies | 7 Sep 2012 | In force 12 Jul 2012 |
|
| Ä 10053270 / 11 28 Jun 2012 |
Note on registration of shares in the Estonian central register of securities | In force 28 Jun 2012 |
||
| Ä 10053270 / 10 21 Feb 2012 |
Amendment entry | In force 21 Feb 2012 |
||
| Ä 10053270 / M4 14 Dec 2011 |
Ruling to eliminate deficiencies | In force 14 Dec 2011 |
||
| Ä 10053270 / 9 21 Mar 2011 |
Amendment entry | In force 21 Mar 2011 |
||
| Ä 10053270 / M3 2 Feb 2011 |
Ruling to eliminate deficiencies | 31 Mar 2011 | In force 2 Feb 2011 |
|
| Ä 10053270 / 8 17 Jan 2011 |
Entry refused: deficiencies not eliminated | In force 26 Feb 2011 |
||
| Ä 53270 / 7 3 Dec 2008 |
Deletion of activities from the registry card | In force 4 Dec 2008 |
||
| Ä 53270 / 6 23 Jan 2008 |
Amendment entry | In force 23 Jan 2008 |
||
| Ä 53270 / M2 28 Sep 2006 |
Fine for not filing the report | Deficiencies eliminated 20 Oct 2006 |
||
| Ä 53270 / 5 3 Jun 2005 |
Amendment entry | In force | ||
| Ä 53270 / 4 11 Mar 2004 |
Amendment entry | In force | ||
| Ä 53270 / M1 9 Mar 2004 |
Ruling to eliminate deficiencies (to be served) | 8 Jul 2004 | In force | |
| Ä 53270 / 3 2 Apr 2002 |
Published amendment entry | In force |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data