AS "ERST Finance"Active
Key figures
Ratios
2025Balance sheet structure
Dividends
from the reportNo dividends were paid.
Summary of financial statements2014–2025
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||||||
| Total current assets | 432 882 | 416 506 | 846 173 | 3 872 881 | 7 251 737 | 8 677 178 | 7 659 850 | 8 713 542 | 8 505 182 | 8 479 054 | 9 118 325 | 13 668 594 |
| Total non-current assets | 0 | 66 000 | 45 795 | 24 025 | 95 365 | 1 009 829 | 3 353 888 | 772 514 | 788 857 | 1 793 831 | 2 863 622 | 3 975 021 |
| Total assets | 432 882 | 482 506 | 891 968 | 3 896 906 | 7 347 102 | 9 687 007 | 11 013 738 | 9 486 056 | 9 294 039 | 10 272 885 | 11 981 947 | 17 643 615 |
| Balance sheet — liabilities and equity | ||||||||||||
| Current liabilities | 16 991 | 9143 | 395 233 | 3 379 935 | 151 888 | 281 149 | 94 498 | 714 985 | 1 409 920 | 2 291 443 | 3 883 722 | 8 634 170 |
| Non-current liabilities | 6850 | 3550 | 0 | 0 | 0 | 6 471 181 | 8 921 181 | 5 271 181 | 5 270 000 | 5 270 000 | 5 270 000 | 5 270 000 |
| Total liabilities | 23 841 | 12 693 | 395 233 | 3 379 935 | 151 888 | 6 752 330 | 9 015 679 | 5 986 166 | 6 679 920 | 7 561 443 | 9 153 722 | 13 904 170 |
| Share capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Retained earnings of previous periods | — | — | — | — | — | — | — | — | — | — | — | — |
| Profit for the year | 7169 | 59 136 | 59 998 | 70 236 | 93 243 | 259 463 | -936 618 | 1831 | -885 771 | 97 323 | 116 783 | 911 220 |
| Total equity | 407 169 | 466 305 | 496 735 | 516 971 | 7 195 214 | 2 934 677 | 1 998 059 | 3 499 890 | 2 614 119 | 2 711 442 | 2 828 225 | 3 739 445 |
| Income statement | ||||||||||||
| Sales revenue | 1 129 036 | 1 400 618 | 2 699 290 | 7 633 120 | 14 487 636 | 22 374 900 | 18 311 307 | 17 473 103 | 16 248 292 | 21 160 976 | 20 220 389 | 24 639 697 |
| Operating profit | 1069 | 61 903 | 33 945 | 111 860 | -33 911 | -39 025 | -482 576 | -237 255 | -1 085 540 | 100 512 | -122 684 | 338 865 |
| Profit before income tax | 8516 | 68 219 | 71 152 | 94 492 | 117 508 | 259 463 | -936 618 | 1987 | -885 664 | 103 824 | 125 954 | 919 209 |
| Profit for the reporting year | 7169 | 59 136 | 59 998 | 70 236 | 93 243 | 259 463 | -936 618 | 1831 | -885 771 | 97 323 | 116 783 | 911 220 |
| Labour costs | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation of non-current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Other indicators | ||||||||||||
| Employees | 1 | 1 | 2 | 4 | 7 | 11 | 9 | 7 | 7 | 8 | 7 | 9 |
| Calculated dividend | 0 | 0 | 29 568 | 50 000 | 0 | 0 | 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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Summary: AS "ERST Finance"
Overview
AS "ERST Finance" (reg. no. 41203048956) is a joint-stock company. The company was registered in 2013 and has been in the register for 13 years. Registered address: Rīga, Elizabetes iela 87 - 1B.
Financial results
Revenue in 2025 was 24 639 697 €, up 21,9% on the previous year (20 220 389 €). From 2014 to 2025, revenue grew by an average of 32,3% per year. This is the company's highest revenue among the published years (2014–2025). Net profit for 2025 was 911 220 € (3,7% of revenue). The company was profitable in 10 of the 12 published years. In 2025 the company had 9 employees (7 a year earlier). Revenue per employee was 2 737 744 €. At the end of 2025, total assets were 17 643 615 € and equity 3 739 445 € (21,2% of assets).
Management and owners
The company has one board member. The company holds a stake in one other active Latvian company.
Data sources and freshness
Register data (name, address, legal form, board and owners) and annual report figures come from the open data of the Register of Enterprises of the Republic of Latvia (CC0); entity.lv updates them daily. Data as of 03.11.2026. Changes, averages and ratios are calculated by entity.lv from open data and are not an official assessment.