ETENRU
RegisteredHarju County
Firmo Kasvuliider 2025müügitulu 2022 → 2025: 852 tuh € → 2,3 mln € (+173%) · kasumis · no tax debtVarem: 2024
Registry code
14063375
VAT number
EE101965141
Address
Harju maakond, Tallinn, Kesklinna linnaosa, Narva mnt 7a, 15172
Registered
08.06.2016 · 10 yrs
Activity
Other activities auxiliary to financial services, except insurance and pension funding 66199
Capital
266 196 €
Email
o•••@i•••.comLog in to see
Phone
+359 88•• ••••Log in to see
Business Register 05.10.2026
Sales revenue2,3 m €+36%2025 annual report
Profit1,2 m €2025 annual report
Employees1Tax Board 2026 Q2
Average gross salary240 €estimate, Tax Board 2026 Q2
Labour taxes per quarter367 €Tax Board 2026 Q2
Cash3,2 m €Cash 31.12.2025, annual report
Tax debt0 €Tax Board debtor list 05.10.2026
Revenue 12 months486 k €-12%Tax Board, last 4 quarters
State taxes 12 months119 k €Tax Board, last 4 quarters
Tax debt since 26.09.2026 · ✓ no debt
Details ↓
Turnover by quarter · latest 116 tuh €
131 k139 k116 k169 k145 k135 k90 k116 k
III 24IV 24I 25II 25III 25IV 25I 26II 26
Chart ↓
Firmo rating
AAA
Excellent, very low risk
88 / 100 points
CBBBBBBAAAAAA
View credit reportReport a debtHow the rating is calculatedCalculated 05.10.2026 · open data
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
RatingAA → A → AAA
In tax debt0 days since 26.09.2026
Revenue 12 months▼ 12% vs a year earlier
Notification when something changes
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Data

Board and owners

1 persons
Number of active companies, tax debt and bankruptcy. Facts, not an assessment.
Board 1
Blagovest Karadzhov3 companiesno tax debtPersonal ID ↗04.05.2022
Shareholders 3
Management Financial Group AD96,59% 257 129 €11.10.2023
Ivelina Tsankova Kavurska2,0% 5 324 €11.10.2023
Ivan Kolev Zhelev1,41% 3 743 €11.10.2023
Beneficial owners 2
Nedelcho Yordanov Spasovdirect holding26.10.2018
Stanimir Svetoslavov Vassilevdirect holding26.10.2018

Business Register open data

Quarterly taxes and revenue

2026 Q2
State taxes / revenue24,4%
Labour taxes / revenue0,3%
Revenue per employee per month38 543 €
Gross salary (estimate)240 €
Net salary (estimate)231 €

2026 Q2. Wage is estimated from employment taxes.

Build report

QuarterRevenueChange y/yLabour taxesState taxesEmployees
2026 Q2115 629 €▼ 31%367 €28 208 €1
2026 Q190 358 €▼ 22%0 €22 573 €—
2025 Q4134 873 €▼ 3%0 €33 763 €—
2025 Q3145 438 €▲ 11%0 €34 849 €—
2025 Q2168 778 €▲ 45%0 €37 893 €—
2025 Q1116 364 €▼ 4%0 €26 997 €—
2024 Q4138 785 €▲ 39%0 €31 272 €—
2024 Q3131 125 €▲ 91%0 €30 311 €—
2024 Q2116 253 €▲ 70%175 €25 900 €—
2024 Q1121 097 €▲ 176%0 €26 769 €—
2023 Q4100 120 €▲ 103%0 €20 541 €—
2023 Q368 827 €▼ 16%21 €14 084 €—
Show full history (18 quarters)
2023 Q268 509 €▼ 36%0 €13 780 €—
2023 Q143 912 €▼ 70%0 €9 123 €—
2022 Q449 304 €0 €9 915 €—
2022 Q381 586 €0 €16 317 €—
2022 Q2107 122 €0 €21 424 €—
2022 Q1146 854 €0 €29 382 €—

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
Build report

20252024202320222021
Sales revenue2,3 m €▲ 36%1,7 m €▲ 46%1,2 m €▲ 38%852 k €▲ 62%527 k €
Profit1,2 m €▲ 83%634 k €▲ 126%280 k €▲ into profit-36 980 €▲ 78%-169 k €
Profit margin50,0%37,1%23,9%-4,3%-32,0%
Retained earnings828 k €▲ 325%195 k €▲ into profit-84 860 €▲ 73%-314 k €▼ into loss1 €
Cash3,2 m €▲ 54%2,1 m €▲ 4%2,0 m €▲ 138%853 k €▼ 30%1,2 m €
Current assets3,4 m €▲ 48%2,3 m €▲ 4%2,2 m €▲ 125%984 k €▼ 25%1,3 m €
Fixed assets1,5 m €▲ 7%1,4 m €▲ 25%1,1 m €▲ 1%1,1 m €▼ 13%1,3 m €
Assets4,9 m €▲ 33%3,7 m €▲ 11%3,4 m €▲ 59%2,1 m €▼ 19%2,6 m €
Current liabilities2,7 m €▲ 50%1,8 m €▼ 13%2,1 m €▲ 117%948 k €▼ 46%1,8 m €
Long-term liabilities0 €▼ 100%840 k €▲ 1%835 k €▼ 15%979 k €▲ 102%484 k €
Total liabilities2,7 m €▲ 2%2,6 m €▼ 9%2,9 m €▲ 50%1,9 m €▼ 14%2,3 m €
Equity2,3 m €▲ 106%1,1 m €▲ 137%461 k €▲ 154%181 k €▼ 50%364 k €
Labour costs0 €0 €0 €0 €0 €
Employees00000
Filed28.07.202617.06.202509.08.202416.05.202313.12.2022
ReportPDF ↓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
ActivityEMTAKSales revenueOsa
Other activities auxiliary to financial services, except insurance and pension funding main activity661992 321 383 €100%

2025 annual report, RIK open data

Real estate

e-kinnistusraamat

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Source: e-kinnistusraamat (Centre of Registers and Information Systems), basic data

Debts and court cases

clean
No tax debt · Tax Board 05.10.2026

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

none

No transactions with state agencies, procurement contracts or grants found

RTK Saldo, Riigihangete register, RTK toetatud projektid

Holdings in other companies

2
CompanyCodeHoldingSinceRevenue
IUVO Finants OÜ16284672100,0%18.06.202428 000 €
IUVO CREDIT OÜ14247477100,0%14.11.20240 €

Business Register

Companies linked via the board

2

Top 20 in activity: Other activities auxiliary to financial services, except insurance and pension funding

20

Revenue from the latest annual report, otherwise Tax Board revenue for 4 quarters. All companies in this activity

Domains

1 records

Domains

DomainSource
iuvo-group.comemail

History and notices

14
DateTypeContent
14.08.2025EntryMuutmiskanne TsMS § 595¹ lg 1 alusel
11.07.2024Trahvihoiatusmäärus: majandusaasta aruanne esitamata
13.10.2023EntryAmendment entry
04.05.2022EntryAmendment entry
24.05.2021EntryAmendment entry
16.12.2019EntryAmendment entry
22.05.2018EntryAmendment entry
20.01.2018EntryAmendment entry
12.12.2017EntryAmendment entry
21.04.2017EntryAmendment entry
27.01.2017EntryAmendment entry
02.01.2017Order to remedy deficienciesAmendment entry
27.06.2016EntryAmendment entry
08.06.2016EntryFirst entry