AS LHV Finance

Active Registry code 12417231 AS Tallinn Registered 6 Feb 2013

AS LHV Finance is a AS based in Tallinn, registry code 12417231, status: active. Main activity: Other credit granting, except pawn shops. Its annual report for 2025 shows revenue of €16 097 631 and 20 employees.

Turnover

—

State taxes

91 883 €

↓ 95.0% vs Q2 2026

Labour taxes

94 200 €

↓ 4.4% vs Q2 2026

Employees

−1 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Financial service activities, except insurance and pension funding · EMTAK 64

Labour taxes per employee 5 888 €

above 75% of companies

industry median 2 214 € · companies in the industry: 443
Revenue · 2025 16.1 mn €

above 98% of companies

industry median 0 € · companies in the industry: 3 672
Net profit margin · 2025 33.0 %

above 49% of companies

industry median 34.4 % · companies in the industry: 770

Taxes and turnover

Q4 2023 – Q3 2026

Labour taxes per employee, € Q3 2026: 5 888 € · +1.5% vs Q2 2026 · industry median 2 214 € · above 75% of the industry

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.

Employees Q3 2026: 16 · −5.9% vs Q2 2026

State taxes, € thousand Q3 2026: 91 883 € · −95.0% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	—	91 883	94 200	16
Q2 2026	—	1 843 039	98 568	17
Q1 2026	—	101 796	102 391	17
Q4 2025	—	96 116	99 433	17
Q3 2025	—	106 398	112 216	17
Q2 2025	—	1 739 400	108 224	18
Q1 2025	—	112 340	116 455	19
Q4 2024	—	94 962	96 882	22
Q3 2024	—	102 508	107 872	24
Q2 2024	—	428 955	108 892	24
Q1 2024	—	98 769	101 439	25
Q4 2023	—	94 294	97 632	26
Q3 2023	—	94 191	98 723	25
Q2 2023	39 937	677 265	101 715	27
Q1 2023	44 497	120 930	115 460	24
Q4 2022	65 146	110 625	100 637	29
Q3 2022	54 549	112 292	105 354	28
Q2 2022	42 772	1 203 034	91 226	29
Q1 2022	67 593	91 491	81 355	28

Labour taxes per employee per month

1 963 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 16 097 631 € · +3.8% vs 2024 · industry median 0 € · above 98% of the industry

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.

Net profit, € thousand 2025: 5 306 000 € · +61.5% vs 2024 · industry median 0 € · above 98% of the industry

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.

Net profit margin, % 2025: 33.0 % · +11.8 pp vs the year before · industry median 34.4 % · above 49% of the industry

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.

Assets, € thousand 2025: 94 324 000 € · +8.3% vs 2024

Equity, € thousand 2025: 19 237 000 € · −2.2% vs 2024

Employees 2025: 20 · +0.0% vs 2024 · industry median 1 · above 93% of the industry

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.

Financials by year
Year	Revenue, €	Net profit, €	Labour costs, €	Assets, €	Equity, €	Employees
2025	16 097 631	5 306 000	982 000	94 324 000	19 237 000	20
2024	15 511 183	3 285 000	1 053 000	87 080 000	19 678 000	20
2023	16 515 469	2 856 000	1 049 000	93 549 000	18 346 000	21
2022	13 790 000	—	—	91 711 000	—	22
2021	12 345 000	—	—	69 088 000	—	19
2020	12 731 000	7 153 000	791 000	65 851 000	18 073 000	20
2019	11 810 000	6 559 000	789 000	65 506 000	14 958 000	23
2018	—	—	—	—	—	27
2017	—	—	—	—	—	27
2016	—	—	—	—	—	20
2015	—	—	—	—	—	19
2014	—	—	—	—	—	15
2013	—	—	—	—	—	8

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

33.0 %

Net profit / revenue

Return on equity (ROE)

27.6 %

Net profit / equity

Return on assets (ROA)

5.6 %

Net profit / assets

Equity ratio

20.4 %

Equity / assets

Revenue per employee

804 882 €

Revenue / average full-time employees

Labour cost per employee per month

4 092 €

Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	13 May 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	11 Apr 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	5 Apr 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	22 May 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	11 Aug 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	14 Apr 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	6 Mar 2020	Company’s own · audited	e-Äriregister

Board

Nasdaq CSD SE
Keeper of the share ledger · since 28 Sep 2017
Heidy Kütt
Board member · since 23 Jan 2023

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

Erki Kilu
Member of a senior management body (management or supervisory board) · since 8 Apr 2026

Founders and other persons

AS LHV Pank
Founder · 130 000 € · 23 Jan 2013
Toveko Invest OÜ
Founder · 70 000 € · 23 Jan 2013
Aktsiaselts PricewaterhouseCoopers
Audit firm · 5 Jan 2024
Erki Kilu
Chairman of the supervisory board · 1 Apr 2026
Jaan Koppel
Supervisory board member · 25 Aug 2023
Veiko Poolgas
Supervisory board member · 25 Aug 2023
Mihkel Torim
Supervisory board member · 22 Jul 2025
Omanikukonto: AS LHV Pank
Shareholder · 130 000 € · 16 Aug 2023
Omanikukonto: TOVEKO INVEST OÜ
Shareholder · 70 000 € · 16 Aug 2023

shared board members, owners or beneficial owners

Activities (EMTAK)

64929Other credit granting, except pawn shops Main

Rulings 15

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10178921 / 11 23 Jan 2023	Amendment entry		In force 23 Jan 2023	PDF
Ä 10178921 / M4 3 Aug 2022	Ruling to eliminate deficiencies in the annual report	2 Sep 2022	Deficiencies eliminated 11 Aug 2022	PDF
Ä 10178921 / 10 1 Feb 2021	Amendment entry		In force 1 Feb 2021	PDF
Ä 10178921 / 9 10 Apr 2018	Amendment entry		In force 10 Apr 2018	PDF
Ä 10178921 / 8 2 Feb 2018	Amendment entry		In force 2 Feb 2018	PDF
Ä 10178921 / M3 29 Jan 2018	Ruling to eliminate deficiencies	13 Feb 2018	Deficiencies eliminated 2 Feb 2018	PDF
Ä 10178921 / 7 18 Jan 2018	Amendment entry		In force 18 Jan 2018	PDF
Ä 10178921 / 6 5 Dec 2017	Amendment entry		In force 5 Dec 2017	PDF
Ä 10178921 / 5 28 Sep 2017	Amendment entry		In force 28 Sep 2017	PDF
Ä 10178921 / 4 2 Feb 2017	Amendment entry		In force 2 Feb 2017	PDF
Ä 10178921 / M2 27 Jan 2017	Ruling to eliminate deficiencies	26 Feb 2017	Deficiencies eliminated 27 Jan 2017	PDF
Ä 10178921 / 3 31 Aug 2016	Amendment entry		In force 31 Aug 2016	PDF
Ä 10178921 / 2 30 Oct 2015	Amendment entry		In force 30 Oct 2015	PDF
Ä 10178921 6 Feb 2013	First entry		In force 6 Feb 2013	PDF
Ä 10178921 / M1 4 Feb 2013	Ruling to eliminate deficiencies	7 Mar 2013	In force 4 Feb 2013	PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data

AS LHV Finance

Position in the industry Financial service activities, except insurance and pension funding · EMTAK 64

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 15