Finantskonsultant

What Finantskonsultant does

Finantskonsultant OÜ is a privately held Estonian professional services firm headquartered in Tallinn, founded on 16 August 1999 and operating with a headcount of 1-10 employees. The firm delivers accounting, special audits (erikontroll), financial and tax due diligence, tax consulting, bankruptcy accounting, company reorganization, and HR/staff-related support services to companies, public sector foundations, law firms, bankruptcy trustees, and foreign-owned enterprises operating in Estonia. Services are provided in Estonian, Russian, and English, and the firm documents experience performing special audits in Estonia, Russia, and Latvia.

The firm operates on a professional services model with a mix of recurring accounting/staff retainers and project-based engagements for special audits, due diligence, reorganizations, and bankruptcy proceedings. Customer acquisition is driven primarily by direct consulting relationships, referrals from partner law firms (Ellex Raidla, Cobalt, Maria Mägi), and long-tenured client retention, with anchor relationships dating to 2003 (Rimonne Baltic OÜ, Tere AS). Core technology is a stack of cloud-based accounting and ERP programs (Standard Books, Erply Books, Directo, Merit Palk, SAF, Movex, Baan, HansaWorld) used to deliver paperless, remote-accessible bookkeeping, with no proprietary software or AI/ML capability disclosed. The firm is a member of the Estonian Chamber of Commerce and Industry.

Strategically the firm has been stable rather than expansionary since its founding: CEO Jelena Štšeberina, who holds a Master's degree from Tallinn University of Technology and over 25 years of economic experience, has led the company since 2006, and the most recent material service expansion was the 2017 addition of Due Diligence and Company Re-organisation offerings. Pricing is quote-based and not publicly disclosed, no institutional funding has been raised, and revenue figures are not published. The firm's competitive positioning rests on the CEO's individual expertise, cross-border special audit experience, and the trust associated with multi-decade client and law firm relationships.

Name

Finantskonsultant

Legal name

Finantskonsultant OÜ

Website

https://fk.ee

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Finantskonsultant OÜ is a privately held Tallinn-based Estonian professional services firm, founded in 1999, delivering accounting, special audits, due diligence, tax consulting, bankruptcy accounting, and company reorganization services to enterprises, law firms, bankruptcy trustees, and foreign-owned companies in Estonia, with multilingual service delivery in Estonian, Russian, and English.

Ownership category

akta.pro rank

Product category

Accounting & Financial Advisory Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Offices of Certified Public Accountants (541211)

SIC

Services-Engineering, Accounting, Research, Management (8700), Finance Services (6199)

akta.pro industry

PRIMARYBPAAAGAI

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin)

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Finance & Accounting Outsourcing (AP/AR, GL, Billing)

SECONDARYBPACAIAH

Expense Management & Reimbursements Administration

Business & Public Services/HR, Staffing & Recruitment Services/Payroll Services & Workforce Administration

Keywords

• Accounting services
• Financial consulting
• Tax advisory
• Special audits
• Due diligence

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Accounting Services: Ongoing accounting services provided to companies (OÜ and AS) and public sector entities (SA), using cloud-based accounting programs. Services include current accounting, period corrections, annual reports, tax board reporting, and communication with government bodies.
2. Special Audits (Erikontroll): Comprehensive audit services examining company management and financial position, including owner-requested audits of management board activities, internal audits, apartment association audits, court litigation support audits, and bankruptcy proceedings audits. These are project-based engagements typically charged at consultation rates.
3. Due Diligence Services: Financial (FDD) and tax (TDD) due diligence services for pre-sale and pre-purchase company analysis. Services include seller due diligence, buyer due diligence, tax structure analysis, and transaction risk assessment. These are typically project-based consulting engagements.
4. Financial Consulting: Comprehensive financial management services including budgeting, budget monitoring, accounting department management, financial analysis, and working capital management. Also includes tax consulting and financial expert opinions for courts.
5. Company Reorganization Services: Corporate restructuring services including company division, merger, department sales, and related documentation preparation through to commercial register recording. These are project-based consulting engagements.
6. Bankruptcy Accounting Services: Full-service bankruptcy accounting from declaration of bankruptcy through company deletion from commercial register, including document reception, ongoing bankruptcy accounting, unemployment insurance fund calculations, bank transfers, bankruptcy estate accounts, and special audits.
7. Staff-Related Support Services: HR support services including employment contract preparation, wage calculations, communication with health insurance fund and unemployment insurance fund, document archiving, labour dispute committee consultation, and letter preparation. Provided under annual contracts with favourable consultation pricing.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Finantskonsultant OÜ is an Estonian professional services firm providing accounting, financial advisory, tax consulting, special audits (erikontroll), financial and tax due diligence, bankruptcy proceedings accounting, company reorganisation, and staff-related HR support. Founded in 1999, the firm delivers services through cloud-based accounting programs and ERP systems in Estonian, Russian, and English, primarily to companies (OÜ and AS), public-sector foundations, law firms, bankruptcy trustees, and foreign-owned companies with Estonian operations.

Product overview

Finantskonsultant is a financial and accounting services company founded in 1999, offering a comprehensive portfolio of professional services primarily delivered through human experts rather than software products. The core service offerings include Special Audit (Erikontroll) for independent investigations of company management and transactions; Due Diligence (DD) services for pre-sale and pre-purchase financial and tax analysis including FDD and TDD; Accounting Services (Raamatupidamine) delivered via cloud-based accounting programs; Financial Consultation (Finantsnõustamine) covering business planning, financial forecasting, outsourced financial management, and tax advisory; Bankruptcy Proceedings (Pankrotimenetlus) for complete bankruptcy accounting from declaration through company deletion; and Business Support Services (Äritegevusega seotud tugiteenused) including company liquidation, business plans, and EAS grant applications. Supporting services include Staff-Related Activities (Personaliga seotud tegevused) for HR functions and Company Re-organisation for restructuring via division or merger. Services are provided in Estonian, Russian, and English. The company added Due Diligence and Company Re-organisation services in 2017, expanding from its original focus on accounting, special audits, and bankruptcy proceedings.

Differentiator

Problem solved

Functional benefit

Products and services

• Special Audit (Erikontroll) Independent expert investigation of a company's management, financial position, and transactions to identify illegal activities, misuse of funds, exceeded authority, and business-related tax risks. Covers audits at the owner's request, audits at the management board's request, apartment association audits, court litigation support audits, and bankruptcy-proceedings audits. Typically performed for Estonian law firms and their corporate clients.
• Due Diligence (Financial and Tax DD) Pre-sale and pre-purchase financial and tax analysis of companies, including Financial Due Diligence (FDD) and Tax Due Diligence (TDD), to assess financial and tax risks before transactions. Includes seller due diligence, buyer due diligence, tax-structure analysis, and transaction risk assessment.
• Accounting Services (Raamatupidamine) Cloud-based accounting services for private and public limited companies (OÜ and AS) and public-sector foundations (SA), delivered via programs such as Standard Books, Erply Books, Directo, and Merit Palk. Includes current accounting, period corrections, annual report preparation, government reporting, communication with banks and tax authorities, and auditor assistance.
• Financial Consultation (Finantsnõustamine) Financial advisory services including business plan preparation, financial forecasting, outsourced financial management, budgeting, working-capital management, and tax consultation covering income tax, VAT, and other taxes. Also includes financial expert opinions prepared for courts.
• Bankruptcy Proceedings (Pankrotimenetlus) Full-service bankruptcy accounting from declaration of bankruptcy through company deletion from the commercial register, including accounting document takeover, ongoing bankruptcy accounting, unemployment insurance fund calculations, bank transfers, bankruptcy estate accounts, and related special audits.
• Company Re-organisation (Ettevõtte reorganiseerimine) Corporate restructuring services including company division, merger, department sales, and other structural changes, from documentation preparation through commercial register recording.
• Business Support Services (Äritegevusega seotud tugiteenused) Support services including company liquidation, business plan preparation, financial forecasting, loan agreement preparation, Enterprise Estonia (EAS) grant applications and submissions, and shareholder-change consulting.
• Staff-Related Activities (Personaliga seotud tegevused) HR support services including employment contract preparation, wage calculations, communication with health insurance fund and unemployment insurance fund, document archiving, labour dispute committee consultation, and letter preparation.

Quantifiable outcome

• Every special audit has revealed recovery transactions that can be used to go to court
• +2 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Ellex Raidla Advokaadibüroo OÜcoreStrategic or Co-development PartnerSuccessful law firm partnership where Finantskonsultant performs special audits and financial/tax due diligence. Ellex Raidla has multiple projects using Finantskonsultant services, describing them as 'real professionals' who work quickly at high professional level. This is a key referral channel for the company.
• Advokaadibüroo Cobalt OÜcoreStrategic or Co-development PartnerCooperation partner for due diligence and special audit projects. Finantskonsultant performs financial and tax due diligence services on behalf of Cobalt's clients.
• Estonian Chamber of Commerce and Industry (Eesti Kaubandus-Tööstuskoda)coreOthersFinantskonsultant is a member of the Estonian Chamber of Commerce and Industry, demonstrating institutional credibility and professional standing in the Estonian business community.
• SwedbankminorOthersBanking partner listed in client portfolio. Services include general financial cooperation and banking services.
• Luminor Pank (formerly DnB Nord)minorOthersBanking partner listed in client portfolio. Services include general financial cooperation and banking services.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• KPMG Estonia: Estonian office of Big 4 firm KPMG, providing full-service audit, tax, and advisory services including transaction due diligence and forensic investigations. Overlaps with Finantskonsultant's DD and special audit practices but targets larger enterprise clients.
• EY Estonia: Estonian office of Big 4 firm EY, offering audit, tax, transaction advisory (FDD/TDD), and forensic services. Competes with Finantskonsultant for higher-end DD and audit mandates but as part of a much broader portfolio.
• PwC Estonia: Estonian office of Big 4 firm PwC, providing audit, tax, and consulting services including deal advisory and forensic investigations. Overlaps with Finantskonsultant's DD and special audit offerings.
• Deloitte Estonia: Estonian office of Big 4 firm Deloitte, offering audit, tax, consulting, financial advisory including due diligence and forensic services. Competes with Finantskonsultant in the DD and special audit market.

Direct peers

• RSM Estonia: Global mid-tier accounting network RSM with operations in the Baltic region. Provides audit, tax, and advisory services to mid-market clients, broadly comparable in service mix and target segment to Finantskonsultant.
• BDO Eesti: Estonian office of global mid-tier accounting network BDO, providing audit, tax, accounting, and due diligence services to mid-market clients. Closest comparable to Finantskonsultant in service mix and target segment, but at significantly larger scale.
• TGS Baltic: Baltic-wide accounting and business advisory firm operating across Estonia, Latvia, and Lithuania. Offers similar accounting, tax, and transaction services to SMEs, directly competing with Finantskonsultant's offering in the Estonian market.
• Crowe Estonia: Global accounting network Crowe with presence in the Baltic region, providing audit, tax, and advisory services to mid-market clients. Comparable in service scope and target customer segment to Finantskonsultant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/fk.ee
• LinkedInlinkedin.com/company/finantskonsultant

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finantskonsultant