FINEST ASRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 2 053 772 € | 87 | 585 567 € |
| Q2 2026 | 1 709 355 € | 92 | 655 525 € |
| Q1 2026 | 2 068 412 € | 100 | 645 850 € |
| Q4 2025 | 2 645 190 € | 98 | 635 400 € |
| Q3 2025 | 1 734 088 € | 95 | 558 393 € |
| Q2 2025 | 1 968 254 € | 86 | 541 766 € |
| Q1 2025 | 2 026 968 € | 85 | 517 393 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 20 631 € (13% of distributable profit).
In addition, equity decreased by 79 368 € in ways other than from retained earnings — e.g. a share capital reduction, a payout from other reserves or a revaluation reserve adjustment. The open data does not show whether this was a payout to the owners.
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 1 899 556 | 1 516 304 | 1 850 282 | 1 766 018 | 1 417 332 | 1 913 252 | 2 323 531 |
| Total non-current assets | 1 603 241 | 1 868 087 | 2 235 882 | 1 739 504 | 1 737 296 | 1 653 096 | 1 433 192 |
| Total assets | 3 502 797 | 3 384 391 | 4 086 164 | 3 505 522 | 3 154 628 | 3 566 348 | 3 756 723 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 2 341 872 | 1 566 732 | 2 230 340 | 2 582 494 | 1 854 378 | 2 386 844 | 2 635 950 |
| Non-current liabilities | 0 | 534 540 | 543 860 | 303 180 | 62 500 | 0 | — |
| Total liabilities | 2 341 872 | 2 101 272 | 2 774 200 | 2 885 674 | 1 916 878 | 2 386 844 | 2 635 950 |
| Share capital | 93 680 | 93 680 | 93 680 | 93 680 | 300 000 | 300 000 | 300 000 |
| Retained earnings of previous periods | 502 155 | 736 737 | 858 931 | 887 776 | 195 660 | 145 234 | 136 357 |
| Profit for the year | 234 582 | 122 194 | 28 845 | −692 116 | 19 574 | 11 754 | 41 268 |
| Reserves and other equity | 330 508 | 330 508 | 330 508 | 330 508 | 722 516 | 722 516 | 643 148 |
| Total equity | 1 160 925 | 1 283 119 | 1 311 964 | 619 848 | 1 237 750 | 1 179 504 | 1 120 773 |
| Income statement | |||||||
| Sales revenue | 5 568 620 | 5 034 635 | 4 084 941 | 4 540 916 | 5 780 984 | 6 771 549 | 8 289 316 |
| Operating profit | 306 674 | 155 769 | 47 485 | −670 485 | 59 693 | −28 918 | 90 823 |
| EBITDA | 523 212 | 390 338 | 373 873 | 142 874 | 373 308 | 325 690 | 406 661 |
| Profit before income tax | 249 582 | 122 194 | 28 845 | −692 116 | 19 574 | 11 754 | 41 268 |
| Profit for the reporting year | 234 582 | 122 194 | 28 845 | −692 116 | 19 574 | 11 754 | 41 268 |
| Labour costs | 3 203 416 | 3 204 400 | 2 915 447 | 2 946 967 | 3 370 231 | 3 901 852 | 5 374 656 |
| Depreciation of non-current assets | 216 538 | 234 569 | 326 388 | 813 359 | 313 615 | 354 608 | 315 838 |
| Other indicators | |||||||
| Employees | 81 | 79 | 65 | 59 | 63 | 68 | 88 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 70 000 | 20 631 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
Risks and obligations1 issue5 clear
Data from public registers, not a credit rating.
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Public procurement
62 contractsPublic contracts won worth 24 603 847 € from 21 contracting authorities (25.09.2023–12.08.2026). Plus 28 framework agreements shared with other suppliers (not included in the total).
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: FINEST AS
Overview
FINEST AS (registry code 10714404) is a public limited company (AS). The company was entered in the Commercial Register in 2000 and has been registered for 25 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is computer programming (EMTAK 62101). The company is registered for VAT (VAT number EE100661873).
Financial results
Revenue in financial year 2025 was 8 289 316 €, up 22,4% on the previous year (6 771 549 €). From 2019 to 2025, revenue grew by an average of 6,9% per year. This is the company's highest revenue among the published years (2019–2025). Net profit for financial year 2025 was 41 268 € (0,5% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 88 employees (68 a year earlier). Revenue per employee was 94 197 €. At the end of financial year 2025, total assets were 3 756 723 € and equity 1 120 773 € (29,8% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 2 053 772 €, up 18,4% on the same quarter a year earlier. The company had 87 employees in that quarter. Labour taxes paid in the quarter: 585 567 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4040 € per month.
Management and owners
The management board has 2 members. The supervisory board has 4 members.
Data sources and freshness
Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 15.04.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. The LEI code (984500F89E3A815F9F07) comes from the GLEIF database. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.