AS Avaron Asset Management
- Registry code
- 11341336
- VAT number
- EE101149996
- Address
- Harju maakond, Tallinn, Kesklinna linnaosa, Narva mnt 7d, 10117
- Registered
- 23.01.2007 · 19 yrs
- Activity
- Fund management activities 66301
- Additional activities
- Other activities auxiliary to financial services, except insurance and pension funding
- Capital
- 271 447 €
- a•••@a•••.eeLog in to see
- Phone
- +372 •• ••••Log in to see
- Website
- www.avaron.ee from email
- LEI
- 529900A3W1ZJ1W5BVN59 ISSUED
Business Register 07.10.2026
Sales revenue2,1 m €+25%2025 annual report
Profit951 k €2025 annual report
Employees17Tax Board 2026 Q2
Average gross salary2 928 €estimate, Tax Board 2026 Q2
Labour taxes per quarter76 167 €Tax Board 2026 Q2
Cash455 k €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 07.10.2026
Revenue 12 months125 k €+20%Tax Board, last 4 quarters
State taxes 12 months351 k €Tax Board, last 4 quarters
Quick check
- No tax debt
- No enforcement proceedings (12 months)
- No payment orders (12 months)
- No bankruptcy or liquidation
- No sanctions
- Report filed (2025)
- VAT registered
Stability
Email right away on tax debt, bankruptcy or board changeRatingAA → BB → AAA
In tax debt0 days since 26.09.2026
Revenue 12 months▲ 20% vs a year earlier
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Board and owners
4 persons
| Board 2 | ||
|---|---|---|
| Kristel Kivinurm-Priisalm5 companiesno tax debt | Personal ID ↗ | 30.08.2007 |
| Valdur Jaht4 companiesno tax debt | Personal ID ↗ | 25.04.2007 |
| Other persons 2 | ||
| Nasdaq CSD SE1983 companies141 with tax debt40 bankruptShare register keeper | Personal ID ↗ | 28.09.2017 |
| Maarja Härsing-Värk2 companiesno tax debtProcurator | Personal ID ↗ | 28.09.2022 |
| Beneficial owners 2 | ||
| Kristel Kivinurm-Priisalm5 companiesno tax debtkaudne osalus | 07.09.2018 | |
| Peter Priisalm1 companyno tax debtkaudne osalus | 07.09.2018 | |
Business Register open data
Quarterly taxes and revenue
2026 Q2
State taxes / revenue257,8%
Labour taxes / revenue256,4%
Revenue per employee per month582 €
Gross salary (estimate)2 928 €
Net salary (estimate)2 356 €
2026 Q2. Wage is estimated from employment taxes.
| Quarter | Revenue | Change y/y | Labour taxes | State taxes | Employees |
|---|---|---|---|---|---|
| 2026 Q2 | 29 705 € | ▲ 18% | 76 167 € | 76 567 € | 17 |
| 2026 Q1 | 42 451 € | ▲ 56% | 68 402 € | 72 288 € | 17 |
| 2025 Q4 | 25 177 € | ▼ 4% | 86 721 € | 85 119 € | 17 |
| 2025 Q3 | 28 141 € | ▲ 7% | 121 630 € | 117 426 € | 18 |
| 2025 Q2 | 25 133 € | ▲ 3% | 68 113 € | 67 456 € | 18 |
| 2025 Q1 | 27 182 € | ▲ 3% | 61 291 € | 111 146 € | 17 |
| 2024 Q4 | 26 102 € | ▲ 8% | 55 599 € | 56 011 € | 16 |
| 2024 Q3 | 26 395 € | ▲ 8% | 106 332 € | 299 294 € | 16 |
| 2024 Q2 | 24 516 € | ▲ 8% | 57 527 € | 57 788 € | 16 |
| 2024 Q1 | 26 290 € | ▲ 17% | 56 998 € | 70 291 € | 16 |
| 2023 Q4 | 24 141 € | ▲ 11% | 57 915 € | 54 792 € | 16 |
| 2023 Q3 | 24 461 € | ▲ 9% | 112 737 € | 263 676 € | 16 |
Show full history (18 quarters)
| 2023 Q2 | 22 661 € | ▲ 26% | 55 826 € | 52 589 € | 17 |
| 2023 Q1 | 22 425 € | ▲ 18% | 64 970 € | 60 941 € | 16 |
| 2022 Q4 | 21 728 € | 58 397 € | 54 755 € | 18 | |
| 2022 Q3 | 22 342 € | 126 865 € | 273 825 € | 18 | |
| 2022 Q2 | 17 925 € | 76 864 € | 71 620 € | 19 | |
| 2022 Q1 | 18 956 € | 72 425 € | 68 163 € | 23 |
Tax and Customs Board, published on the 10th of the month following the quarter. State taxes include employment taxes. CC BY-SA 3.0
Annual reports
5 yr
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Sales revenue | 2,1 m € | ▲ 25% | 1,7 m € | ▼ 6% | 1,8 m € | ▼ 37% | 2,8 m € | ▼ 23% | 3,7 m € |
| Profit | 951 k € | ▲ 35% | 703 k € | ▼ 19% | 863 k € | ▼ 19% | 1,1 m € | ▼ 44% | 1,9 m € |
| Profit margin | 45,7% | 42,2% | 48,6% | 37,7% | 51,2% | ||||
| Retained earnings | 3,8 m € | ▲ 23% | 3,0 m € | ▼ 13% | 3,5 m € | ▲ 29% | 2,7 m € | ▲ 11% | 2,5 m € |
| Cash | 455 k € | ▼ 26% | 619 k € | ▼ 26% | 837 k € | ▼ 83% | 4,9 m € | ▲ 46% | 3,3 m € |
| Current assets | 947 k € | ▼ 7% | 1,0 m € | ▼ 40% | 1,7 m € | ▼ 68% | 5,3 m € | ▲ 33% | 4,0 m € |
| Fixed assets | 4,3 m € | ▲ 29% | 3,4 m € | ▼ 5% | 3,5 m € | ▲ 26× | 138 k € | ▼ 90% | 1,4 m € |
| Assets | 5,3 m € | ▲ 20% | 4,4 m € | ▼ 16% | 5,2 m € | ▼ 3% | 5,4 m € | ▲ 1% | 5,3 m € |
| Current liabilities | 265 k € | ▼ 18% | 324 k € | ▼ 43% | 566 k € | ▼ 58% | 1,3 m € | ▲ 90% | 701 k € |
| Total liabilities | 265 k € | ▼ 18% | 324 k € | ▼ 43% | 566 k € | ▼ 58% | 1,3 m € | ▲ 90% | 701 k € |
| Equity | 5,0 m € | ▲ 23% | 4,1 m € | ▼ 13% | 4,7 m € | ▲ 14% | 4,1 m € | ▼ 12% | 4,6 m € |
| Labour costs | -806 k € | ▼ 87% | -431 k € | ▲ 28% | -597 k € | ▲ 10% | -666 k € | 0% | -663 k € |
| Employees | 16 | ▲ 7% | 15 | 0% | 15 | ▼ 21% | 19 | ▼ 5% | 20 |
| Filed | 13.04.2026 | 23.04.2025 | 05.04.2024 | 26.04.2023 | 18.04.2022 | ||||
| Report | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ | PDF ↓ |
▲ growth, ▼ decline compared to the previous year (growth in liabilities is red). Business Register, annual reports. CC BY 4.0
Revenue by activity
2025
| Activity | EMTAK | Sales revenue | Osa |
|---|---|---|---|
| Fund management activities main activity | 66301 | 2 046 423 € | 98% |
| Other activities auxiliary to financial services, except insurance and pension funding | 66199 | 36 412 € | 2% |
2025 annual report, RIK open data
Real estate
e-kinnistusraamat
Loading properties…
Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data
Debts and court cases
clean
No tax debt · Tax Board 07.10.2026
Tax Board debtor list (daily), Official Announcements, State Gazette. The Tax Board publishes only today's list; earlier history is collected by Firmo.
Enforcement, payment orders and notices
clean
Official Announcements contain no enforcement, payment order or tax authority notices about the company.
Official Announcements (CC BY-SA 4.0). Enforcement proceedings, payment orders or tax decisions are published there only if they cannot be delivered to the company otherwise. The enforcement register is not public, so the absence of a notice does not mean there are no claims.
State: transactions, tenders, grants
1 toetust
Toetuse saanud projektid
| Projekt | Meede | Periood | Toetus | Välja makstud |
|---|---|---|---|---|
| Avaron Asset Management ekspordiprojekt Lõpetatud · Ettevõtluse ja Innovatsiooni Sihtasutus | Eksporditurunduse toetus | 23.08.2010 – 22.08.2012 | 125 077 € |
Riigi Tugiteenuste Keskus, toetatud projektid
Holdings in other companies
0
No holdings in other companies
Companies linked via the board
60
AS AlexelaNasdaq CSD SE555,0 m €BBEricsson Eesti AktsiaseltsNasdaq CSD SE416,6 m €AAAS SEB PankNasdaq CSD SE405,8 m €AAAktsiaselts METAPRINTNasdaq CSD SE85,8 m €AAAAS HANZA Mechanics TartuNasdaq CSD SE81,5 m €AAAERGO Insurance SENasdaq CSD SE80,6 m €AAAElke Tallinn ASNasdaq CSD SE62,0 m €AAAaktsiaselts ESTIKO - PLASTARNasdaq CSD SE48,2 m €AAAStockmann AktsiaseltsNasdaq CSD SE42,3 m €AAaktsiaselts PINUSNasdaq CSD SE29,6 m €AAAAktsiaselts BalbiinoNasdaq CSD SE29,5 m €AAAAktsiaselts Magnum VeterinaariaNasdaq CSD SE28,6 m €BBAktsiaselts KROONINGNasdaq CSD SE27,1 m €BInterchemie Werken De Adelaar Eesti aktsiaseltsNasdaq CSD SE25,5 m €BBBSchneider Electric Eesti ASNasdaq CSD SE24,9 m €BAktsiaselts TopautoNasdaq CSD SE21,6 m €AAAktsiaselts Lincona KonsultNasdaq CSD SE19,2 m €AAAAS All Media EestiNasdaq CSD SE17,2 m €AAAktsiaselts PAFERNasdaq CSD SE15,1 m €AAABaltyre Eesti ASNasdaq CSD SE14,8 m €AAAaktsiaselts PristisNasdaq CSD SE13,5 m €AAAAktsiaselts Viru ElektrikaubandusNasdaq CSD SE10,6 m €AAAktsiaselts STANDARDNasdaq CSD SE10,6 m €AAS Eesti LeivatööstusNasdaq CSD SE10,3 m €Aaktsiaselts LTTNasdaq CSD SE10,2 m €AAAMotoral Eesti AktsiaseltsNasdaq CSD SE8,6 m €AAktsiaselts Silmani ElekterNasdaq CSD SE8,0 m €Aaktsiaselts HALS TRADING - TNasdaq CSD SE6,8 m €Aaktsiaselts "Rauameister"Nasdaq CSD SE6,8 m €AAAktsiaselts "Erimell"Nasdaq CSD SE6,4 m €AAAAktsiaselts Taastusravikeskus ViikingNasdaq CSD SE5,8 m €AAAAktsiaselts Loo ElekterNasdaq CSD SE5,5 m €AAAaktsiaselts IKODORNasdaq CSD SE4,9 m €AAAktsiaselts ANTAARESNasdaq CSD SE4,7 m €AACaverion Eesti ASNasdaq CSD SE4,6 m €AAktsiaselts Kiviõli KaubahoovNasdaq CSD SE4,4 m €AAAktsiaselts Metsaküla PiimNasdaq CSD SE3,9 m €AAAaktsiaselts VÕRU VESINasdaq CSD SE3,4 m €AAAaktsiaselts TAUF-AUTONasdaq CSD SE2,9 m €AAAaktsiaselts CISTANasdaq CSD SE2,6 m €AAAPRIMULATOR EESTI AktsiaseltsNasdaq CSD SE2,2 m €AAARTT AktsiaseltsNasdaq CSD SE2,1 m €AAAAS Remedium Kalamaja ApteekNasdaq CSD SE1,7 m €AAaktsiaselts ESTIKONasdaq CSD SE1,6 m €AAAAktsiaselts Ekspress GruppNasdaq CSD SE1,4 m €AALEKON PROPERTY ASNasdaq CSD SE1,2 m €AAAAktsiaselts FotoluksNasdaq CSD SE1,1 m €BBBAktsiaselts LAVEXNasdaq CSD SE692 k €CAktsiaselts Peipsi KalameesNasdaq CSD SE498 k €AAAktsiaselts MihkliNasdaq CSD SE475 k €AAAS Tolaram InvestmentsNasdaq CSD SE380 k €AAAktsiaselts Projekt ENasdaq CSD SE198 k €AAAktsiaselts YearNasdaq CSD SE132 k €CRaisio Eesti AktsiaseltsNasdaq CSD SE120 k €ADeden-Invest AktsiaseltsNasdaq CSD SE51 638 €AKatus ASNasdaq CSD SE13 588 €Aaktsiaselts FaabulaNasdaq CSD SE0 €BBBAktsiaselts TalveaedNasdaq CSD SE · Likvideerimisel0 €CAktsiaselts SpratfilNasdaq CSD SE · Bankrupt0 €CAktsiaselts RoolidNasdaq CSD SE0 €
Sorted by revenue (latest report or 4 quarters).
Top 20 in activity: Fund management activities
20
| # | Company | Revenue |
|---|---|---|
| 1 | Swedbank Investeerimisfondid Aktsiaselts | 15,2 m € |
| 2 | Aktsiaselts LHV Varahaldus | 11,2 m € |
| 3 | EfTEN Capital AS | 7,3 m € |
| 4 | Aktsiaselts Trigon Asset Management | 6,8 m € |
| 5 | AKTSIASELTS SEB VARAHALDUS | 6,4 m € |
| 6 | AS BaltCap | 3,9 m € |
| 7 | AS SmartCap | 3,6 m € |
| 8 | Osaühing QFM | 2,9 m € |
| 9 | Tuleva Fondid AS | 2,7 m € |
| 10 | AS Plural Estonia | 2,1 m € |
| 11 | AS Avaron Asset Management | 2,1 m € |
| 12 | Usaldusfond EfTEN Real Estate Fund 4 | 2,1 m € |
| 13 | OÜ Trind Ventures | 1,5 m € |
| 14 | Superangel OÜ | 1,2 m € |
| 15 | Siena Venture Partners OÜ | 1,1 m € |
| 16 | AS Birdeye Capital | 1,1 m € |
| 17 | Baltic Horizon Capital AS | 1,1 m € |
| 18 | EfTEN Kinnisvarafond II AS | 1,1 m € |
| 19 | Specialist Fund Management OÜ | 1,1 m € |
| 20 | BPM Mezzanine Fund II Management OÜ | 941 k € |
Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity
Domains
1 records
Domains
| Domain | Source |
|---|---|
| avaron.ee |
History and notices
23
| Date | Type | Content |
|---|---|---|
| 28.09.2022 | Entry | Amendment entry |
| 09.08.2022 | Entry | Amendment entry |
| 25.09.2020 | Entry | Amendment entry |
| 17.01.2018 | Entry | Amendment entry |
| 30.11.2017 | Entry | Amendment entry |
| 28.09.2017 | Entry | Amendment entry |
| 23.02.2017 | Entry | Amendment entry |
| 24.01.2017 | Administrative order | Amendment entry |
| 30.12.2016 | Order to remedy deficiencies | Amendment entry |
| 01.09.2016 | Entry | Amendment entry |
| 12.05.2014 | Order to remedy deficiencies to correct non-entry data | |
| 31.07.2013 | Entry | Muutmiskanne ÄS § 525 lg 2 alusel |
| 15.11.2010 | Entry | Amendment entry |
| 01.04.2008 | Entry | Amendment entry |
| 31.03.2008 | Kättetoimetatav puuduste kõrvaldamise määrus | Amendment entry |
| 30.08.2007 | Entry | Amendment entry |
| 31.07.2007 | Lõivu tagastamise määrus | Täiendav toimiku dokumentide kontroll |
| 02.05.2007 | Entry | Amendment entry |
| 25.04.2007 | Entry | Amendment entry |
| 02.04.2007 | Kättetoimetatav puuduste kõrvaldamise määrus | Amendment entry |
| 06.03.2007 | Entry | Amendment entry |
| 27.02.2007 | Kättetoimetatav puuduste kõrvaldamise määrus | Amendment entry |
| 22.01.2007 | Entry | First entry |