Finsteel OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 544 964 € | 39 | 57 385 € |
| Q2 2026 | 531 912 € | 42 | 59 618 € |
| Q1 2026 | 344 722 € | 37 | 60 628 € |
| Q4 2025 | 373 095 € | 41 | 65 761 € |
| Q3 2025 | 279 332 € | 36 | 48 226 € |
| Q2 2025 | 239 725 € | 31 | 23 951 € |
| Q1 2025 | 212 612 € | 28 | 26 356 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 53 697 | 64 022 | 149 111 | 182 244 | 98 117 | 42 569 | 159 169 |
| Total non-current assets | 2786 | 6505 | 4775 | 45 187 | 59 403 | 28 427 | 26 750 |
| Total assets | 56 483 | 70 527 | 153 886 | 227 431 | 157 520 | 70 996 | 185 919 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 7695 | 17 680 | 71 516 | 81 749 | 99 259 | 58 544 | 149 588 |
| Non-current liabilities | 0 | 0 | 0 | 25 688 | 16 948 | 0 | 0 |
| Total liabilities | 7695 | 17 680 | 71 516 | 107 437 | 116 207 | 58 544 | 149 588 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 28 406 | 48 788 | 52 847 | 79 870 | 117 494 | 38 813 | 9952 |
| Profit for the year | 17 882 | 1559 | 27 023 | 37 624 | −78 681 | −28 861 | 23 879 |
| Total equity | 48 788 | 52 847 | 82 370 | 119 994 | 41 313 | 12 452 | 36 331 |
| Income statement | |||||||
| Sales revenue | 357 514 | 221 127 | 806 966 | 1 269 664 | 1 494 300 | 888 563 | 1 170 543 |
| Operating profit | 17 882 | 1559 | 27 023 | 37 624 | −78 681 | −28 861 | 26 235 |
| EBITDA | 18 152 | 3840 | 28 753 | 46 630 | −72 481 | −23 886 | 34 739 |
| Profit before income tax | 17 882 | 1559 | 27 023 | 37 624 | −78 681 | −28 861 | 23 879 |
| Profit for the reporting year | 17 882 | 1559 | 27 023 | 37 624 | −78 681 | −28 861 | 23 879 |
| Labour costs | 119 336 | 83 333 | 338 658 | 516 640 | 569 041 | 419 047 | 550 003 |
| Depreciation of non-current assets | 270 | 2281 | 1730 | 9006 | 6200 | 4975 | 8504 |
| Other indicators | |||||||
| Employees | 10 | 8 | 44 | 42 | 32 | 26 | 35 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 |
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 note4 clear
Data from public registers, not a credit rating.
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Public procurement
1 contractsPublic contracts won worth 0 € from 1 contracting authorities (24.04.2026–24.04.2026). Plus 16 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Tööjõu rent · Sertifitseeritud keevitustööde koordinaator | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Tööstusmägironija | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Katlaseadmete tellingute monteerija | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Müürsepp (vooderdus- ja müüritistööd) | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Isoleerija | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Plekksepp | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Turbiinide remondilukksepp | Enefit Power OÜ | up to 0 € | 24.04.2026 |
| Tööjõu rent · Energeetikaseadmete remondi kogemusega lukksepp-gaasilõikaja | Enefit Power OÜ | up to 0 € | 24.04.2026 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Finsteel OÜ
Overview
Finsteel OÜ (registry code 12580830) is a private limited company (OÜ). The company was entered in the Commercial Register in 2013 and has been registered for 12 years. Registered location: Narva linn, Ida-Viru maakond. According to the latest annual report, the main activity is employee leasing (EMTAK 78201). The company is registered for VAT (VAT number EE101711887).
Financial results
Revenue in financial year 2025 was 1 170 543 €, up 31,7% on the previous year (888 563 €). From 2019 to 2025, revenue grew by an average of 21,9% per year. Net profit for financial year 2025 was 23 879 € (2,0% of revenue). The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 35 employees (26 a year earlier). Revenue per employee was 33 444 €. At the end of financial year 2025, total assets were 185 919 € and equity 36 331 € (19,5% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 544 964 €, up 95,1% on the same quarter a year earlier. The company had 39 employees in that quarter. Labour taxes paid in the quarter: 57 385 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1050 € per month.
Management and owners
The company has one management board member. The sole owner of the company is a private individual.
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 11.06.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.