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A disposal ban or pledge has been placed on the shares.
- Pandipidaja Signet Bank AS, registrikood 40003043232, aadress Antonijas iela 3, Riga - 20.05.2026 notari ametitoimingu nr 2026/SF/2262. — 21.05.2026
Key figures
2 802 355 €+21,5%
Revenue 2025
+54,5%
Average annual growth 2019–2025
Ratios
2025−8,6%
Profit margin
27,7%
Equity ratio
6,0×
Current ratio
−31,1%
Return on equity
1270 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 1 365 202 € | 37 | 68 950 € |
| Q1 2026 | 1 211 067 € | 36 | 72 160 € |
| Q4 2025 | 1 204 231 € | 36 | 66 751 € |
| Q3 2025 | 956 672 € | 37 | 69 851 € |
| Q2 2025 | 607 998 € | 35 | 65 350 € |
| Q1 2025 | 1 207 683 € | 38 | 67 035 € |
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 | 240 444 | 269 247 | 768 627 | 1 630 517 | 2 027 634 | 2 721 410 | 2 496 327 |
| Total non-current assets | 60 184 | 48 810 | 151 613 | 435 367 | 482 325 | 416 996 | 320 759 |
| Total assets | 300 628 | 318 057 | 920 240 | 2 065 884 | 2 509 959 | 3 138 406 | 2 817 086 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 297 579 | 355 367 | 810 724 | 780 410 | 657 266 | 643 015 | 414 029 |
| Non-current liabilities | 0 | 0 | 182 000 | 1 257 000 | 1 540 000 | 1 874 000 | 1 624 000 |
| Total liabilities | 297 579 | 355 367 | 992 724 | 2 037 410 | 2 197 266 | 2 517 015 | 2 038 029 |
| Share capital | 2500 | 75 000 | 75 000 | 75 000 | 1 250 000 | 1 250 000 | 1 250 000 |
| Retained earnings of previous periods | −24 917 | −71 451 | −112 311 | −147 484 | −421 526 | −937 308 | −1 454 609 |
| Profit for the year | −46 534 | −40 859 | −35 173 | −274 042 | −515 781 | −517 301 | −242 334 |
| Reserves and other equity | 72 000 | — | — | 375 000 | — | 826 000 | 1 226 000 |
| Total equity | 3049 | −37 310 | −72 484 | 28 474 | 312 693 | 621 391 | 779 057 |
| Income statement | |||||||
| Sales revenue | 206 422 | 271 616 | 605 614 | 1 219 135 | 2 145 638 | 2 306 881 | 2 802 355 |
| Operating profit | −31 464 | −22 493 | −20 911 | −214 465 | −352 522 | −305 372 | −2593 |
| EBITDA | −19 329 | −11 119 | 180 | — | — | — | — |
| Profit before income tax | −46 534 | −40 859 | −35 173 | −274 042 | −515 781 | −517 301 | −242 334 |
| Profit for the reporting year | −46 534 | −40 859 | −35 173 | −274 042 | −515 781 | −517 301 | −242 334 |
| Labour costs | 47 957 | 50 317 | 148 365 | 434 794 | 699 768 | 745 666 | 762 258 |
| Depreciation of non-current assets | 12 135 | 11 374 | 21 091 | — | — | — | — |
| Other indicators | |||||||
| Employees | 3 | 3 | 11 | 20 | 31 | 32 | 30 |
| 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.
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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