Osaühing Finantsakadeemia

Legal form:: Private limited company
Registry code:: 10899929
VAT no.:: EE100823996
Fiscal-year period:: 01.01 - 31.12
Established:: 08.01.2003 (23 y)
Former business names:: Osaühing Vikingarendus
Capital:: 2 684 EUR
Address:: L. Koidula tn 15-3, Kesklinna linnaosa, Tallinn, Harju maakond, 10125
Status:: Registered
E-invoice reception:: Telema

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Contacts

Phone:: +372 56260891
Email:: olavi@finantsakadeemia.eu

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Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Activities of head offices and management consultancy activities
70201 – Business and other management consultancy

Industry TOPNo. 1090 of 4880 companies

1090.Osaühing Finantsakadeemia136.9k €

Main activity 70201 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE100823996	01.10.2004	-
EE100823996	21.04.2003	06.06.2004

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	26.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	28.07.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	23.11.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	17.09.2023	Valid	PDF
2020	01.01.2020 – 31.12.2020	30.12.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	18.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	05.05.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	01.07.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	02.07.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	17.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	19.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	30.06.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	29.06.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	02.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	29.06.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	30.06.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	22.06.2009	Valid	PDF
2007	01.01.2007 – 31.12.2007	28.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	13.11.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	14.08.2006	Valid	PDF
2004	01.01.2004 – 31.12.2004	04.07.2005	Valid	PDF
2003	01.01.2003 – 31.12.2003	19.07.2004	Valid	PDF

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No unsubmitted declarations as of 22.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate2 .ee domains–Licenses–Regulations22 Public transactions6 Grants–State aid–Public procurement10 Holdings in companies1 Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	14 810 €	1 574 €	44 060 €+239%	1
2026 Q2	7 019 €	1 645 €	13 000 €−82,6%	1
2026 Q1	24 406 €	1 870 €	74 640 €+1 335%	1
Total 2026:	46 235 €	5 089 €	131 700 €
2025 Q4	5 825 €	1 869 €	5 200 €−50,0%	1
2025 Q3	9 428 €	1 870 €	10 400 €−75,8%	1
2025 Q2	13 176 €	1 871 €	43 054 €+23,1%	1
2025 Q1	10 525 €	2 155 €	34 989 €+45,5%	1
Total 2025:	38 954 €	7 765 €	93 643 €
2024 Q4	7 489 €	1 918 €	24 050 €+501%	1
2024 Q3	2 597 €	1 741 €	4 000 €−87,0%	1
2024 Q2	9 967 €	2 239 €	30 838 €+36,2%	1
2024 Q1	6 609 €	1 857 €	22 645 €−37,4%	1
Total 2024:	26 662 €	7 755 €	81 533 €
2023 Q4	10 079 €	2 236 €	36 160 €+113%	1
2023 Q3	5 499 €	2 250 €	17 000 €+28,8%	1
2023 Q2	5 669 €	2 209 €	13 200 €−76,7%	1
2023 Q1	12 311 €	2 164 €	56 732 €+33,5%	1
Total 2023:	33 558 €	8 859 €	123 092 €
2022 Q4	11 836 €	1 946 €	42 500 €+149%	1
2022 Q3	6 621 €	2 265 €	17 100 €+58,4%	1
2022 Q2	4 843 €	2 211 €	10 795 €+9,0%	1
2022 Q1	3 226 €	1 494 €	9 900 €−71,0%	1
Total 2022:	26 526 €	7 916 €	80 295 €
2021 Q4	11 677,47 €	1 683,36 €	34 100 €−36,1%	1
2021 Q3	12 351,59 €	1 650,46 €	53 400 €+124%	1
2021 Q2	7 360,49 €	1 618,20 €	23 850 €+11,8%	1
2021 Q1	6 912,47 €	1 468,46 €	21 332,50 €+73,4%	1
Total 2021:	38 302,02 €	6 420,48 €	132 682,50 €
2020 Q4	4 790,52 €	1 499,72 €	12 300 €−54,8%	1
2020 Q3	6 905,76 €	1 590,77 €	27 240 €+262%	1
2020 Q2	3 184,42 €	1 328,34 €	7 520 €−54,7%	1
2020 Q1	5 896 €	1 554 €	16 617 €−79,1%	1
Total 2020:	20 776,70 €	5 972,83 €	63 677 €
2019 Q4	13 254 €	1 191 €	79 321 €+1 934%	1
2019 Q3	3 041 €	1 191 €	3 900 €−82,0%	1
2019 Q2	7 539 €	1 307 €	21 700 €−24,8%	1
2019 Q1	9 573 €	1 536 €	28 860 €−23,5%	1
Total 2019:	33 407 €	5 225 €	133 781 €
2018 Q4	9 068 €	2 360 €	37 733 €+88,7%	1
2018 Q3	7 076 €	957 €	20 000 €−24,4%	2
2018 Q2	7 706 €	1 170 €	26 450 €+237%	1
2018 Q1	2 809 €	650 €	7 850 €+7,5%	1
Total 2018:	26 659 €	5 137 €	92 033 €
2017 Q4	3 285 €	831 €	7 300 €−78,7%	1
2017 Q3	7 360 €	857 €	34 328 €−25,6%	1
2017 Q2	10 410 €	855 €	46 170 €+272%	1
2017 Q1	5 513 €	814 €	12 420 €−49,4%	1
Total 2017:	26 568 €	3 357 €	100 218 €
2016 Q4	10 703 €	862 €	24 567 €+25,6%	1
2016 Q3	2 871 €	686 €	19 554 €−11,0%	1
2016 Q2	5 663 €	771 €	21 969 €+9,3%	1
2016 Q1	3 249 €	706 €	20 103 €−4,4%	1
Total 2016:	22 486 €	3 025 €	86 193 €
2015 Q4	3 942 €	1 986 €	21 039 €+230%	1
2015 Q3	1 122 €	601 €	6 369 €−15,0%	1
2015 Q2	6 869 €	707 €	7 492 €−24,1%	1
2015 Q1	3 140 €	932 €	9 877 €	1
Total 2015:	15 073 €	4 226 €	44 777 €

Revenue by industry

	2023	2024	2025
Business and other management consultancy		96 923 €	121 434 €
Business consultancy and other management advice	103 011 €

Tax debts

No tax debt found

No tax debt as of 22.10.2026

Representatives

	Personal ID code
Olavi Grünvald	36702XXXXXX	15.02.1967 (59)	Board member	29.10.2014	-

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Shareholders

	Personal ID code
Olavi Grünvald	36702XXXXXX	15.02.1967 (59)	Shareholder	1 342 EUR	50,00%	Sole ownership	01.09.2023	-
Tatjana Grünvald	47005XXXXXX	14.05.1970 (56)	Shareholder	1 342 EUR	50,00%	Sole ownership	01.09.2023	-

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Other persons

	Personal ID code
ABC Kapital OÜ	10521668	29.12.1998 (27)	Founder	08.01.2003	-

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Ultimate beneficial owners

	Personal ID code
Olavi Grünvald	36702XXXXXX	15.02.1967 (59)	Direct holding	08.10.2018	-
Tatjana Grünvald	47005XXXXXX	14.05.1970 (56)	Direct holding	08.10.2018	-

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Holdings in companies


Osaühing Finantsmaailm	23.01.2013	Shareholder	2 500 EUR	100,00%	Sole ownership	02.09.2023	-

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2026 Q3

Turnover

Amount: 44 060 €
Monthly average: 14 687 €
Per employee: 14 687 €
Equity ratio: 547,19%

Labour taxes

Turnover ratio: 3,57%
Tax ratio: 10,63%
Monthly average: 525 €
Per employee: 525 €

State taxes

Monthly average: 4 937 €
Turnover ratio: 33,61%

Estimated salary

Gross salary: 1 087 €
Net salary: 971 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	97 076 €+3,9%	93 423 €+134%	39 973 €−22,9%	51 843 €−60,6%	131 532 €+15,0%	114 353 €+23,6%	92 499 €
Non-current assets	205 943 €−2,3%	210 734 €−2,2%	215 524 €−2,8%	221 755 €+116%	102 655 €+345%	23 063 €−21,0%	29 186 €
Total assets	303 019 €−0,4%	304 157 €+19,0%	255 497 €−6,6%	273 598 €+16,8%	234 187 €+70,4%	137 416 €+12,9%	121 685 €
Short-term liabilities	89 421 €+10,2%	81 113 €−13,7%	94 013 €−35,0%	144 698 €+314%	34 984 €+4,9%	33 362 €+54,5%	21 590 €
Long-term liabilities	-	-	-	-	-	-	-
Total liabilities	89 421 €+10,2%	81 113 €−13,7%	94 013 €−35,0%	144 698 €+314%	34 984 €+4,9%	33 362 €+54,5%	21 590 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	180 296 €+13,6%	158 736 €+25,8%	126 151 €+30,8%	96 455 €+18,6%	81 306 €+20,7%	67 346 €+58,9%	42 392 €
Net profit	30 554 €−50,4%	61 560 €+88,9%	32 585 €+9,7%	29 697 €−74,2%	115 149 €+239%	33 960 €−38,2%	54 955 €
Equity	213 598 €−4,2%	223 044 €+38,1%	161 484 €+25,3%	128 900 €−35,3%	199 203 €+91,4%	104 054 €+4,0%	100 095 €
Turnover	121 434 €+25,3%	96 923 €−5,9%	103 011 €−6,5%	110 227 €−13,0%	126 650 €+84,9%	68 493 €−44,2%	122 798 €
Profit margin	25,2%	63,5%	31,6%	26,9%	90,9%	49,6%	44,8%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	48 637 €	99 110 €
Liquidity
Current ratio	0,4	3,8
Quick ratio	0,4	3,8
Cash ratio	0,1	3,6
Efficiency
Days sales outstanding (dso)	76,1	96,9
Asset turnover	0,4	0,7
Structure
Debt ratio	0,5	0,1
Profitability
Operating margin	37,7%	74,0%
Net profit margin	26,9%	90,9%
Return on assets (roa)	11,7%	62,0%
Return on equity (roe)	23,0%	57,8%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10075287 / M7	06.07.2024	Fine-warning order – annual report not filed	05.08.2024	Deficiencies remedied29.07.2024
Ä 10075287 / 12	28.12.2023	Negative entry order – deficiencies not remedied – Amendment entry	-	Entered into force16.01.2024
Ä 10075287 / M6	06.12.2023	Order to remedy deficiencies – Amendment entry	27.12.2023	Entered into force28.12.2023
Ä 10075287 / 11	06.12.2023	Entry – Amendment entry	-	Entered into force06.12.2023
Ä 10075287 / M5	23.10.2023	Reporting-fine order	08.11.2023	Deficiencies remedied24.11.2023

Real estate

		Purpose
Eha tn 35 // 37, Tartu linn, Tartu linn, Tartu maakondSpace: 3	1187 m²	Residential land 100%
Eha tn 35 // 37, Tartu linn, Tartu linn, Tartu maakondSpace: 4A	1187 m²	Residential land 100%

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


25.11.2024	Harju Maakohus	5 490 €Received	OPERATING EXPENSESCourt
07.11.2024	Harju Maakohus	5 000 €Received	OPERATING EXPENSESCourt
12.04.2024	Harju Maakohus	4 400 €Received	OPERATING EXPENSESCourt
12.01.2024	Viru Maakohus	2 500 €Received	OPERATING EXPENSESCourt
16.01.2023	Majandus- ja Kommunikatsiooniministeerium	27 638,40 €Received	OPERATING EXPENSESGeneral economic and trade policy

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid

No state aid found

The company has not been granted state aid or de minimis aid

Public procurement contracts


12.03.2019End 02.09.2019	Reference number 204858 · Töövõtuleping	RiigikantseleiContracting authority	49 980 €actual 58 460,40 €	Completed
08.01.2019End 08.08.2019	Reference number 202437 · Töövõtuleping	RiigikantseleiContracting authority	48 400 €	Completed
22.02.2018End 22.06.2018	Reference number 192142 · Uuringu „Riigi üldine energiatõhususkohustus aastatel 2021-2030 ning taastuvenergia eesmärkide täitmine“ teostamise leping	Majandus- ja KommunikatsiooniministeeriumContracting authority	27 900 €	Completed
05.07.2017End 05.01.2018	Reference number 187302 · Hankeleping	Sihtasutus Keskkonnainvesteeringute KeskusContracting authority	28 500 €	Completed
14.12.2016End 23.02.2017	Reference number 179649 · Töövõtuleping	RiigikantseleiContracting authority	20 500 €	Completed

.ee domains

No domains found

Company has no valid .ee domains

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.