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GeneCode AS

Legal form:

Public limited company

Registry code:

10362550

VAT no.:

EE101059031

Fiscal-year period:

01.01 - 31.12

Established:

15.01.1998 (28)

Former business names:

Balti Tehnoloogiaarenduse AS, Balti Tehnoloogiaarenduse Osaühing

Capital:

75 600 EUR

Address:

Ahtri tn 8, Kesklinna linnaosa, Tallinn, Harju maakond, 10151

Status:

Registered

Contacts

Email:

paavo.pilv@genecode.com

Phone:

+372 5020111

Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Research and development
Research and experimental development on natural and technical sciences
72111 - Research and development in biotechnology

VAT liability

	Start	End
EE101059031	12.06.2006

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	06.10.2025	Valid
2023	01.01.2023 - 31.12.2023	05.04.2024	Valid
2022	01.01.2022 - 31.12.2022	20.06.2023	Valid
2021	01.01.2021 - 31.12.2021	06.06.2022	Valid
2020	01.01.2020 - 31.12.2020	03.09.2021	Valid
2020	01.01.2020 - 31.12.2020	30.08.2021	Expired
2019	01.01.2019 - 31.12.2019	10.11.2020	Valid
2018	01.01.2018 - 31.12.2018	23.04.2020	Valid
2017	01.01.2017 - 31.12.2017	17.10.2018	Valid
2016	01.01.2016 - 31.12.2016	23.10.2017	Valid
2015	01.01.2015 - 31.12.2015	23.05.2016	Valid
2014	01.01.2014 - 31.12.2014	02.07.2015	Valid
2013	01.01.2013 - 31.12.2013	20.11.2014	Valid
2012	01.01.2012 - 31.12.2012	12.09.2014	Valid
2011	01.01.2011 - 31.12.2011	02.10.2012	Valid
2010	01.01.2010 - 31.12.2010	07.06.2011	Valid
2009	01.01.2009 - 31.12.2009	27.05.2010	Valid
2008	01.01.2008 - 31.12.2008	02.07.2009	Valid
2007	01.01.2007 - 31.12.2007	18.06.2008	Valid
2006	01.01.2006 - 31.12.2006	18.06.2007	Valid
2005	01.01.2005 - 31.12.2005	09.06.2006	Valid
2004	01.01.2004 - 31.12.2004	30.06.2005	Valid
2003	01.01.2003 - 31.12.2003	21.06.2004	Valid
2002	01.01.2002 - 31.12.2002	19.06.2003	Valid
2001	01.01.2001 - 31.12.2001	16.10.2002	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 03.06.2026.

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	7 170 €	23 186 €	340 723 €180.5%	3
Kokku 2026:	7 170 €	23 186 €	340 723 €
2025 Q4	15 131 €	18 236 €	121 470 €33.5%	3
2025 Q3	19 680 €	21 645 €	182 550 €3.6%	3
2025 Q2	8 245 €	10 123 €	189 346 €41.1%	3
2025 Q1	9 843 €	19 811 €	321 410 €237.1%	3
Kokku 2025:	52 899 €	69 815 €	814 776 €112.9%
2024 Q4	16 938 €	19 148 €	95 338 €33.0%	3
2024 Q3	7 875 €	15 908 €	142 219 €83.9%	3
2024 Q2	4 343 €	9 428 €	77 325 €14.0%	2
2024 Q1	0 €	10 422 €	67 839 €230.1%	2
Kokku 2024:	29 156 €	54 906 €	382 721 €55.1%
2023 Q4	8 807 €	11 948 €	20 550 €89.1%	3
2023 Q3	9 884 €	12 073 €	188 978 €29.0%	3
2023 Q2	8 723 €	11 948 €	266 352 €29.2%	3
2023 Q1	10 694 €	11 842 €	376 039 €40.8%	3
Kokku 2023:	38 108 €	47 811 €	851 919 €30.3%
2022 Q4	0 €	10 881 €	267 048 €15.0%	3
2022 Q3	9 153 €	12 302 €	314 082 €50.7%	3
2022 Q2	0 €	5 847 €	636 877 €13 732.7%	3
2022 Q1	1 663 €	5 462 €	4 604 €45.6%	3
Kokku 2022:	10 816 €	34 492 €	1 222 611 €8 212.0%
2021 Q4	0 €	0 €	3 163 €	-
2021 Q3	0 €	0 €	0 €100.0%	-
2021 Q2	0 €	0 €	4 910 €26.0%	-
2021 Q1	0 €	0 €	6 636 €47.4%	-
Kokku 2021:	0 €	0 €	14 709 €19.4%
2020 Q4	0 €	0 €	12 606 €	-
2020 Q3	0 €	0 €	0 €100.0%	-
2020 Q2	817 €	0 €	4 250 €204.2%	-
2020 Q1	0 €	0 €	1 397 €26.0%	0
Kokku 2020:	817 €	0 €	18 253 €1 545.9%
2019 Q4	0 €	0 €	1 109 €	0
2019 Q3	0 €	0 €	0 €	0
2019 Q2	0 €	0 €	0 €	0
2019 Q1	0 €	0 €	0 €100.0%	0
Kokku 2019:	0 €	0 €	1 109 €73.9%
2018 Q4	0 €	0 €	3 369 €	0
2018 Q3	0 €	0 €	0 €100.0%	0
2018 Q2	0 €	0 €	878 €	0
2018 Q1	0 €	0 €	0 €100.0%	0
Kokku 2018:	0 €	0 €	4 247 €77.2%
2017 Q4	0 €	0 €	4 675 €	0
2017 Q3	0 €	0 €	0 €	0
2017 Q2	0 €	0 €	0 €100.0%	0
2017 Q1	0 €	0 €	13 937 €	0
Kokku 2017:	0 €	0 €	18 612 €
2016 Q4	0 €	0 €	0 €	0
2016 Q3	0 €	0 €	0 €	0
2016 Q2	0 €	0 €	0 €	0
2016 Q1	0 €	0 €	0 €	0
Kokku 2016:	0 €	0 €	0 €
2015 Q4	0 €	0 €	0 €	1
2015 Q3	1 962 €	2 129 €	0 €	1
2015 Q2	5 768 €	6 271 €	0 €	1
2015 Q1	5 826 €	6 351 €	0 €	1
Kokku 2015:	13 556 €	14 751 €	0 €

Revenue by industry

	2020
Research and development in biotechnology	4 250 €

Tax debts

No tax debt found

No tax debt as of 03.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Paavo Pilv	37602XXXXXX	12.02.1976 (50)	Board member	26.10.2023	-

3 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
AnsonBaer Nordic OÜ	11365XXX	20.03.2007 (19)	Shareholder	30 240,00 EUR	40	Sole ownership	16.08.2023	-
BALTIC TECHNOLOGY LLC	-	-	Shareholder	26 460,00 EUR	35	Sole ownership	16.08.2023	-
MPPS Investeeringud OÜ	-	13.01.2000 (26)	Shareholder	18 900,00 EUR	25	Sole ownership	16.08.2023	-

23 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Piia Pilv	47309XXXXXX	23.09.1973 (52)	Supervisory-board member	01.05.2026	-
Hendrik Hindov	37608XXXXXX	22.08.1976 (49)	Supervisory-board member	17.10.2023	-
Mart Saarma	34906XXXXXX	29.06.1949 (76)	Supervisory-board member	17.10.2023	-
Thomas Björn Waldin	34208XXXXXX	01.08.1942 (83)	Supervisory-board member	17.10.2023	-

11 inactive record hidden, extended access to the information portal is required to view history!

1 - 4 / 4 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Mart Saarma	34906XXXXXX	29.06.1949 (76)	Member of higher governing body (board or supervisory board)	21.06.2023	-
Thomas Björn Waldin	34208XXXXXX	01.08.1942 (83)	Direct holding	22.10.2018	-

4 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

340 723 €

Monthly average

113 574 €

Per employee

37 858 €

Equity ratio

150,23%

Labour taxes

Turnover ratio

6,80%

Tax ratio

323,38%

Monthly average

7 729 €

Per employee

2 576 €

State taxes

Monthly average

2 390 €

Turnover ratio

2,10%

Estimated salary

Gross salary

4 579 €

Net salary

3 551 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	278 026 €67.2%	848 038 €66.5%	509 297 €2 416.3%	20 240 €317.2%	4 851 €11.8%	5 502 €
Non-current assets	5 998 560 €16.0%	5 171 290 €36.4%	3 789 940 €44.3%	2 626 763 €2.2%	2 685 528 €0.5%	2 672 921 €
Total assets	6 276 586 €4.3%	6 019 328 €40.0%	4 299 237 €62.4%	2 647 003 €1.6%	2 690 379 €0.4%	2 678 423 €
Short-term liabilities	590 269 €37.6%	945 857 €313.2%	228 926 €399.4%	45 840 €1 538.9%	2 797 €91.2%	31 892 €
Long-term liabilities	362 668 €40.3%	258 512 €25.2%	206 506 €81.4%	-	1 108 979 €6.5%	1 041 236 €
Total liabilities	952 937 €20.9%	1 204 369 €176.6%	435 432 €849.9%	45 840 €95.9%	1 111 776 €3.6%	1 073 128 €
Share or stock capital	75 600 €	75 600 €	75 600 €	75 600 €100.0%	37 800 €	37 800 €
Retained earnings	4 739 359 €25.1%	3 788 204 €50.0%	2 525 563 €2.7%	2 595 443 €65.6%	1 567 495 €1.8%	1 595 976 €
Net profit	508 690 €46.5%	951 155 €24.7%	1 262 642 €1 906.9%	-69 880 €161.8%	-26 692 €6.3%	-28 481 €
Equity	5 323 649 €10.6%	4 814 959 €24.6%	3 863 805 €48.5%	2 601 163 €64.8%	1 578 603 €1.7%	1 605 295 €
Turnover	-	-	-	-	4 250 €	-
Profit margin	0.00%	0.00%	0.00%	0.00%	-628.05%	0.00%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	IFQ UOK	VTQ XXF	M ORM NRH	-	-
Liquidity
Current ratio	N.Q	S.T	X.S	0.4	1.7
Quick ratio	O.L	L.Y	Z.H	0.4	1.7
Cash ratio	G.Y	U.C	L.S	0.0	0.0
Efficiency
Days sales outstanding (dso)	-	-	-	-	225 051.2
Asset turnover	-	-	-	-	0.0
Structure
Debt ratio	R.F	X.U	L.B	0.0	0.4
Profitability
Operating margin	-	-	-	-	-424.5%
Net profit margin	-	-	-	-	-628.0%
Return on assets (roa)	D.Y%	QP.G%	QX.Q%	-2.6%	-1.0%
Return on equity (roe)	N.Q%	KA.C%	GT.D%	-2.7%	-1.7%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 10022922 / 21	07.10.2025	Entry - Amendment entry		Entered into force (07.10.2025)
K 10022922 / 20	14.07.2025	Entry - Commercial-pledge opening entry		Entered into force (14.07.2025)
Ä 10022922 / M10	09.07.2025	Warning for deletion from register – annual report not filed	12.10.2025	Deficiencies remedied (07.10.2025)
Ä 10022922 / M9	20.01.2025	Order to remedy deficiencies for correcting extra-entry data - Amendment entry	03.02.2025	Entered into force (20.01.2025)
Ä 10022922 / 19	02.11.2023	Entry - Amendment entry under NSPA § 595¹ (1)		Entered into force (02.11.2023)

1 - 5 / 29 rows

Real estate

No real estate found

Company has no real estate

1 inactive record hidden, extended access to the information portal is required to view history!

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Official announcements

Subject	Date
Notice of publication of a deletion warning due to failure to submit an annual report	09.07.2025

1 - 1 / 1 rows

Public transactions

Date	Party	Amount	Classification
18.03.2026	Majandus- ja Kommunikatsiooniministeerium	130 729.28 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
13.03.2026	Majandus- ja Kommunikatsiooniministeerium	41 229.71 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
05.11.2025	Majandus- ja Kommunikatsiooniministeerium	36 147.47 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
05.11.2025	Majandus- ja Kommunikatsiooniministeerium	51 702.48 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
02.10.2025	Majandus- ja Kommunikatsiooniministeerium	234 365.98 € Received	OTHER GRANTS R&D in general economic, trade and labour policy

GeneCode AS

Contacts

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