In 2025, SIA "Vestman Forest Fund" had revenue of 1 million EUR and loss of 1.3 million EUR. The company has 3 employees. Beneficial owners: Aivar Berzin, Taavet Hinrikus.
| year | 2025Latest | 2024 | 2023 |
|---|---|---|---|
Revenue | 1m € +345.1% | 225,6k € +55.4% | 145,2k € -35.5% |
Profit | -1,3m € +26.6% | -1,7m € +52.7% | -3,7m € -412.1% |
Assets | 29,6m € +4.4% | 28,4m € -4.4% | 29,7m € +37.4% |
Liabilities | 23,4m € -7.3% | 25,2m € -4.1% | 26,3m € +50.8% |
Equity | 6,2m € +97.6% | 3,2m € -6.4% | 3,4m € -18.8% |
Employees | 3 +0.0% | 3 +50.0% | 2 +0.0% |
Overall rating | B+78/100 |
Financial health | 40/100 |
Credit history | 100/100 |
Legal history | 100/100 |
Business activity | 85/100 |
| Overall risk | Low |
No risk flags | |
No tax debts | |
Negative profit | |
Regular report filing | |
| Name, surname | Birth date | Position | Representation rights | Registered | |
|---|---|---|---|---|---|
| - | Board member | Independently |
SIA "Vestman Forest Fund" is located at Gulbenes nov., Stradu pag., "Jaunstradi 1", LV-4417.
In 2025, SIA "Vestman Forest Fund" had revenue of 1 004 432 EUR and loss of 1 277 892 EUR. Compared to previous year, revenue increased by 345.1%. View full financial report →
In 2024, SIA "Vestman Forest Fund" had an average of 3 employees. View tax history →
The beneficial owners of SIA "Vestman Forest Fund" are Aivar Berzin and Taavet Hinrikus. View ownership details →
Yes, SIA "Vestman Forest Fund" is registered as an active VAT payer with VAT number LV44103115478.
In 2024, the average gross salary at SIA "Vestman Forest Fund" was approximately 2420,88 € per month (net ~ 1744,23 €). This is an approximate calculation. View salary details →
SIA "Vestman Forest Fund" was founded on March 2, 2018. The company has been operating for 8 years.
| Indicator | Value | Rank | Comparison | |
|---|---|---|---|---|
Company age | 8 years | - | 0% | |
Net revenue | 1 004 432,00 € | - | 0% | |
Profit | -1 277 892,00 € | - | 0% | |
Equity | 6 237 674,00 € | - | 0% | |
Assets | 29 599 512,00 € | - | 0% | |
Fixed assets | 25 076 903,00 € | - | 0% | |
Investments | 1 524 141,00 € | - | 0% | |
Liquidity | 27.47 | - | 90% | |
Profitability | -127.2% | - | 10% | |
Registered capital | 5 886 328,00 € | - | 0% |
Annual financial report for 2025.
Annual financial report for 2024.
Annual financial report for 2023.
Annual financial report for 2022.
Annual financial report for 2021.
Annual financial report for 2020.
Registered in the Latvian company register.
| Name, surname | Shares | Ownership rights |
|---|---|---|
| OU Noble Woods | 210 226 | 100.00% |
| Name, surname | Nationality | Birth date | |
|---|---|---|---|
| Aivar Berzin | EE | - | |
| Taavet Hinrikus | EE | - |