AS LHV Paytech
Active Registry code 12280690
AS Tallinn Registered 8 May 2012
AS LHV Paytech is a AS based in Tallinn, registry code 12280690, status: active. Main activity: Other financial service activities, except insurance and pension funding n.e.c.. According to EMTA, turnover for Q3 2026 was €349 402 with 24 employees.
Turnover
349 402 €
↓ 6.8% vs Q2 2026
State taxes
181 675 €
↑ 1.5% vs Q2 2026
Labour taxes
182 669 €
↑ 1.9% vs Q2 2026
Employees
24
+1 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 349 402 €above 90% of companiesindustry median 13 555 € · companies in the industry: 547
- Labour taxes per employee 7 611 €above 83% of companiesindustry median 2 214 € · companies in the industry: 443
- Revenue · 2025 4.6 mn €above 98% of companiesindustry median 0 € · companies in the industry: 3 672
- Net profit margin · 2025 -6.7 %above 22% of companiesindustry median 34.4 % · companies in the industry: 770
Taxes and turnover
- Company
- Industry median
Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Financial service activities, except insurance and pension funding (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 | 349 402 | 181 675 | 182 669 | 24 |
| Q2 2026 | 374 944 | 178 927 | 179 262 | 23 |
| Q1 2026 | 456 141 | 282 930 | 276 661 | 23 |
| Q4 2025 | 498 665 | 235 319 | 233 297 | 26 |
| Q3 2025 | 517 539 | 247 916 | 244 579 | 26 |
| Q2 2025 | 508 623 | 232 402 | 226 966 | 28 |
| Q1 2025 | 559 110 | 227 110 | 227 806 | 27 |
| Q4 2024 | 482 085 | 240 154 | 222 793 | 27 |
| Q3 2024 | 578 074 | 219 129 | 203 128 | 29 |
| Q2 2024 | 455 611 | 195 280 | 180 410 | 28 |
| Q1 2024 | 429 883 | 241 548 | 189 562 | 27 |
| Q4 2023 | 410 151 | 205 396 | 202 928 | 27 |
| Q3 2023 | 319 696 | 175 440 | 177 755 | 26 |
| Q2 2023 | 264 093 | 164 885 | 166 513 | 27 |
| Q1 2023 | 245 456 | 142 342 | 145 633 | 26 |
| Q4 2022 | 256 819 | 139 920 | 135 902 | 24 |
| Q3 2022 | 311 952 | 105 116 | 91 159 | 23 |
| Q2 2022 | 253 933 | 140 067 | 132 445 | 24 |
| Q1 2022 | 306 639 | 137 249 | 124 188 | 25 |
Labour taxes per employee per month
2 537 €
Turnover per employee in the quarter
14 558 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Financial service activities, except insurance and pension funding (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Financial service activities, except insurance and pension funding (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 | 4 603 401 | -306 406 | 2 271 461 | 986 223 | 415 557 | 28 |
| 2024 | 4 214 573 | 665 111 | 2 021 255 | 2 085 971 | 1 632 029 | 28 |
| 2023 | 3 366 890 | 478 631 | 1 769 638 | 1 626 219 | 939 751 | 25 |
| 2022 | 1 629 795 | -462 115 | 1 362 928 | 1 236 612 | 454 454 | 22 |
| 2021 | 1 245 144 | -484 928 | 1 108 674 | 1 019 505 | 271 483 | 23 |
| 2020 | 630 893 | -749 078 | 879 184 | 880 512 | 760 510 | 18 |
| 2019 | 421 162 | -401 007 | 526 975 | 690 528 | 496 938 | 12 |
| 2018 | — | — | — | — | — | 12 |
| 2017 | — | — | — | — | — | 12 |
| 2016 | — | — | — | — | — | 7 |
| 2015 | — | — | — | — | — | 4 |
| 2014 | — | — | — | — | — | 0 |
| 2013 | — | — | — | — | — | 0 |
| 2012 | — | — | — | — | — | 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
-6.7 %
Net profit / revenue
Return on equity (ROE)
-73.7 %
Net profit / equity
Return on assets (ROA)
-31.1 %
Net profit / assets
Equity ratio
42.1 %
Equity / assets
Debt ratio
57.9 %
Liabilities / assets
Current ratio
1.73
Current assets / current liabilities
Revenue per employee
164 407 €
Revenue / average full-time employees
Labour cost per employee per month
6 760 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 30 Jun 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 30 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 21 Mar 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 18 May 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 28 Mar 2022 | Company’s own · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 30 Jun 2021 | Company’s own · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 16 Jul 2020 | Company’s own · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Lauri TederBoard member · since 14 Dec 2016
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Mihkel TorimMember of a senior management body (management or supervisory board) · since 23 Jul 2025
Founders and other persons
- MOMO CAPITAL OÜFounder · 2 500 € · 8 May 2012
- KPMG Baltics OÜAudit firm · 20 Dec 2022
- Mihkel TorimChairman of the supervisory board · 23 Jul 2025
- Erki KiluSupervisory board member · 1 Apr 2026
- Mihkel KasepuuSupervisory board member · 1 Jun 2026
- Omanikukonto: AS LHV GroupShareholder · 1 679 422 € · 18 Jun 2026
Related companies
Activities (EMTAK)
- 64991Other financial service activities, except insurance and pension funding n.e.c. Main
- 62201Computer consultancy activities
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10168893 / 23 16 Jun 2026 |
Amendment entry | In force 16 Jun 2026 |
||
| Ä 10168893 / M8 9 Jun 2026 |
Ruling to eliminate deficiencies | 23 Jun 2026 | Deficiencies eliminated 16 Jun 2026 |
|
| Ä 10168893 / 22 7 Apr 2026 |
Amendment entry | In force 7 Apr 2026 |
||
| Ä 10168893 / 21 7 Nov 2023 |
Amendment entry | In force 7 Nov 2023 |
||
| Ä 10168893 / 20 28 Dec 2022 |
Entry refused | In force 13 Jan 2023 |
||
| Ä 10168893 / 19 4 Oct 2022 |
Amendment under Commercial Code § 525 (2) | In force 4 Oct 2022 |
||
| Ä 10168893 / 18 6 Apr 2022 |
Amendment entry | In force 6 Apr 2022 |
||
| Ä 10168893 / 17 21 Sep 2020 |
Amendment entry | In force 21 Sep 2020 |
||
| Ä 10168893 / M7 14 Sep 2020 |
Ruling to eliminate deficiencies | 14 Oct 2020 | Deficiencies eliminated 15 Sep 2020 |
|
| Ä 10168893 / 16 2 Dec 2019 |
Amendment under Commercial Code § 525 (2) | In force 2 Dec 2019 |
||
| Ä 10168893 / 15 18 Jun 2019 |
Amendment entry | In force 18 Jun 2019 |
||
| Ä 10168893 / M6 10 Jun 2019 |
Ruling to eliminate deficiencies | 10 Jul 2019 | Deficiencies eliminated 18 Jun 2019 |
|
| Ä 10168893 / 14 29 Oct 2018 |
Amendment entry | In force 29 Oct 2018 |
||
| Ä 10168893 / M5 3 Oct 2018 |
Ruling to be served | 19 Oct 2018 | In force 19 Oct 2018 |
|
| Ä 10168893 / M4 20 Jul 2018 |
Ruling to be served | 21 Jan 2019 | Deficiencies eliminated 29 Oct 2018 |
|
| Ä 10168893 / 13 18 Jan 2018 |
Amendment entry | In force 18 Jan 2018 |
||
| Ä 10168893 / 12 2 Dec 2017 |
Amendment entry | In force 2 Dec 2017 |
||
| Ä 10168893 / 11 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10168893 / 10 10 Jul 2017 |
Amendment under Commercial Code § 525 (2) | In force 10 Jul 2017 |
||
| Ä 10168893 / 9 26 Jan 2017 |
Amendment entry | In force 26 Jan 2017 |
||
| Ä 10168893 / 8 14 Dec 2016 |
Amendment entry | In force 14 Dec 2016 |
||
| Ä 10168893 / M3 13 Dec 2016 |
Ruling to eliminate deficiencies | 12 Jan 2017 | Deficiencies eliminated 14 Dec 2016 |
|
| Ä 10168893 / 7 1 Sep 2015 |
Amendment under Commercial Code § 525 (2) | In force 1 Sep 2015 |
||
| Ä 10168893 / 6 13 Aug 2014 |
Entry made by the register on its own initiative | In force 13 Aug 2014 |
||
| Ä 10168893 / 5 23 May 2014 |
Amendment entry | In force 23 May 2014 |
||
| Ä 10168893 / 4 29 Aug 2013 |
Transformation entry | In force 29 Aug 2013 |
||
| Ä 10168893 / M2 22 Aug 2013 |
Ruling to eliminate deficiencies | 21 Sep 2013 | Deficiencies eliminated 27 Aug 2013 |
|
| Ä 10168893 / 3 24 Jul 2013 |
Amendment entry | In force 24 Jul 2013 |
||
| Ä 10168893 / 2 13 Feb 2013 |
Amendment entry | In force 13 Feb 2013 |
||
| Ä 10168893 / M1 31 Jan 2013 |
Ruling to eliminate deficiencies | 4 Mar 2013 | In force 31 Jan 2013 |
|
| Ä 10168893 8 May 2012 |
First entry | In force 8 May 2012 |
Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data