Scand Finance OÜIn bankruptcy
Key figures
Ratios
2022Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 0 € | — | 0 € |
| Q2 2026 | 0 € | — | — |
| Q1 2026 | 10 000 € | 1 | — |
| Q4 2025 | 194 600 € | 1 | — |
| Q3 2025 | 164 125 € | 1 | 17 035 € |
| Q2 2025 | 102 300 € | 1 | 386 € |
| Q1 2025 | 16 280 € | 1 | 431 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Summary of financial statements2019–2022
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Balance sheet — assets | ||||
| Total current assets | 58 355 | 668 168 | 383 746 | 721 929 |
| Total non-current assets | 123 973 | 1 408 721 | 1 986 335 | 2 955 993 |
| Total assets | 182 328 | 2 076 889 | 2 370 081 | 3 677 922 |
| Balance sheet — liabilities and equity | ||||
| Current liabilities | 107 346 | 399 275 | 600 689 | 574 875 |
| Non-current liabilities | 10 000 | 847 000 | 931 351 | 1 094 295 |
| Total liabilities | 117 346 | 1 246 275 | 1 532 040 | 1 669 170 |
| Share capital | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 41 358 | 64 979 | 830 732 | 838 042 |
| Profit for the year | 23 624 | 765 635 | 7309 | 1 170 710 |
| Reserves and other equity | −2500 | −2500 | −2500 | −2500 |
| Total equity | 64 982 | 830 614 | 838 041 | 2 008 752 |
| Income statement | ||||
| Sales revenue | 72 817 | 1 016 000 | 561 610 | 834 126 |
| Operating profit | 29 831 | 780 598 | 96 891 | 1 297 469 |
| EBITDA | 30 182 | 783 949 | 144 286 | 1 359 250 |
| Profit before income tax | 23 624 | 765 635 | 7309 | 1 170 710 |
| Profit for the reporting year | 23 624 | 765 635 | 7309 | 1 170 710 |
| Labour costs | 0 | 7499 | 6246 | 6113 |
| Depreciation of non-current assets | 351 | 3351 | 47 395 | 61 781 |
| Other indicators | ||||
| Employees | 0 | 1 | 1 | 1 |
| Calculated dividend | — | 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 obligations3 issues1 note2 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 (16.10.2023–16.10.2023).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Hoone Pikk tn 18, Pärnu lammutustööd · joint bid | Riigi Kinnisvara Aktsiaselts | 58 600 € | 16.10.2023 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Scand Finance OÜ
Overview
Scand Finance OÜ (registry code 14243338) is a private limited company (OÜ). The company was entered in the Commercial Register in 2017. Status in the register: in bankruptcy. Registered location: Ojaküla, Paide linn, Järva maakond. According to the latest annual report, the main activity is other real estate management or related activities (EMTAK 68329). The company is registered for VAT (VAT number EE101994727).
Financial results
Revenue in financial year 2022 was 834 126 €, up 48,5% on the previous year (561 610 €). From 2019 to 2022, revenue grew by an average of 125% per year. Net profit for financial year 2022 was 1 170 710 € (140% of revenue). The company was profitable in all 4 published financial years. In financial year 2022 the company had 1 employees. Revenue per employee was 834 126 €. At the end of financial year 2022, total assets were 3 677 922 € and equity 2 008 752 € (54,6% of assets). Based on labour costs in the report, the estimated average gross salary was about 380 € per month.
Latest quarterly figures
According to the Tax and Customs Board, the company declared no turnover in Q3 2026.
Management and owners
The management board has 2 members. The sole owner of the company is a private individual.
Points to note
3 annual reports have not been filed on time, the latest for financial year 2025.
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 2022) was filed on 29.09.2023. 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.