PharmaSynth AS

Legal formLegal form:: Public limited company
Registry codeRegistry code:: 11044101
VAT no.VAT no.:: EE100940196
Fiscal-year periodFiscal-year period:: 01.01 - 31.12
EstablishedEstablished:: 29.06.2004 (22 y)
CapitalCapital:: 57 180 EUR
AddressAddress:: Teaduspargi tn 7, Tartu linn, Tartu linn, Tartu maakond, 50411
StatusStatus:: Registered

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Contacts

PhonePhone:: +372 5247671
EmailEmail:: pirkko@pharmasynth.ee
WebsiteWebsite:: https://www.pharmasynth.ee

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Industries

MANUFACTURING
Manufacture of basic pharmaceutical products and pharmaceutical preparations
Manufacture of basic pharmaceutical products
Manufacture of basic pharmaceutical products
21101 – Manufacture of basic pharmaceutical products

VAT liability

VAT no.	Start	End
EE100940196	08.12.2004	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	29.06.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	30.06.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	26.06.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	21.06.2023	Valid	PDF
2021	01.01.2021 – 31.12.2021	02.03.2023	Valid	PDF
2020	01.01.2020 – 31.12.2020	05.08.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	05.10.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	23.10.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	02.10.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	25.09.2018	Valid	PDF
2015	01.01.2015 – 31.12.2015	14.09.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	08.12.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	18.08.2015	Valid	PDF
2012	01.01.2012 – 31.12.2012	11.11.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	16.07.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	04.10.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	03.09.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	26.06.2009	Expired	PDF
2007	01.01.2007 – 31.12.2007	27.06.2008	Valid	PDF
2006	01.01.2006 – 31.12.2006	18.07.2007	Valid	PDF
2005	01.01.2005 – 31.12.2005	16.10.2006	Valid	PDF
2004	29.06.2004 – 31.12.2004	30.09.2005	Valid	PDF

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains1 Licenses–Regulations17 Public transactions1 Grants2 State aid1 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q2	40 112 €	42 809 €	198 786 €+51,3%	9
2026 Q1	42 273 €	46 184 €	131 408 €−42,1%	10
Total 2026:	82 385 €	88 993 €	330 194 €
2025 Q4	45 240 €	48 589 €	226 815 €+195%	11
2025 Q3	43 134 €	46 593 €	76 881 €−62,6%	11
2025 Q2	36 887 €	39 265 €	205 836 €−11,0%	10
2025 Q1	44 449 €	47 436 €	231 372 €+59,7%	9
Total 2025:	169 710 €	181 883 €	740 904 €
2024 Q4	39 879 €	42 231 €	144 888 €−23,2%	9
2024 Q3	34 016 €	35 984 €	188 774 €+79,6%	9
2024 Q2	33 098 €	35 258 €	105 109 €−24,8%	8
2024 Q1	31 248 €	32 989 €	139 707 €+35,9%	8
Total 2024:	138 241 €	146 462 €	578 478 €
2023 Q4	30 656 €	32 096 €	102 827 €−45,7%	8
2023 Q3	30 191 €	31 857 €	189 320 €+30,6%	8
2023 Q2	34 125 €	36 061 €	144 998 €−25,6%	8
2023 Q1	30 068 €	31 743 €	194 811 €+39,4%	8
Total 2023:	125 040 €	131 757 €	631 956 €
2022 Q4	24 295 €	25 556 €	139 706 €+28,3%	8
2022 Q3	19 036 €	19 929 €	108 932 €−4,2%	8
2022 Q2	16 704 €	15 588 €	113 668 €−8,5%	8
2022 Q1	19 012 €	20 015 €	124 229 €−15,2%	7
Total 2022:	79 047 €	81 088 €	486 535 €
2021 Q4	16 656,35 €	17 566,97 €	146 515,77 €+33,7%	8
2021 Q3	16 646,19 €	17 671,99 €	109 604,25 €−20,0%	8
2021 Q2	14 379,25 €	15 141,82 €	137 043,77 €	8
2021 Q1	20 087,77 €	21 365,31 €	137 042,39 €+136%	8
Total 2021:	67 769,56 €	71 746,09 €	530 206,18 €
2020 Q4	11 993 €	12 792,19 €	58 124,73 €−29,4%	8
2020 Q3	11 905,82 €	12 671,89 €	82 335 €+16,3%	8
2020 Q2	11 233,75 €	11 943,80 €	70 810,61 €−51,0%	7
2020 Q1	19 609 €	19 640 €	144 401 €+32,5%	7
Total 2020:	54 741,57 €	57 047,88 €	355 671,34 €
2019 Q4	13 553 €	14 445 €	108 958 €+59,9%	8
2019 Q3	16 664 €	17 762 €	68 146 €−11,9%	10
2019 Q2	15 115 €	15 921 €	77 338 €+17,4%	9
2019 Q1	17 149 €	18 075 €	65 854 €+4,0%	9
Total 2019:	62 481 €	66 203 €	320 296 €
2018 Q4	13 659 €	14 210 €	63 310 €+52,9%	9
2018 Q3	13 185 €	13 972 €	41 400 €−51,0%	10
2018 Q2	14 419 €	12 889 €	84 542 €+16,8%	10
2018 Q1	11 272 €	11 962 €	72 376 €−33,5%	10
Total 2018:	52 535 €	53 033 €	261 628 €
2017 Q4	11 787 €	12 601 €	108 843 €+183%	8
2017 Q3	11 383 €	12 150 €	38 406 €+0,5%	8
2017 Q2	10 442 €	11 128 €	38 200 €−27,3%	8
2017 Q1	12 527 €	12 965 €	52 580 €	8
Total 2017:	46 139 €	48 844 €	238 029 €
2016 Q4	10 144 €	10 813 €	0 €	1
2016 Q3	10 158 €	10 826 €	0 €	1
2016 Q2	11 365 €	11 835 €	0 €	1
2016 Q1	11 359 €	12 059 €	0 €−100%	1
Total 2016:	43 026 €	45 533 €	0 €
2015 Q4	8 219 €	8 790 €	38 324 €−19,8%	7
2015 Q3	10 433 €	10 958 €	47 774 €+7,0%	7
2015 Q2	9 994 €	10 242 €	44 655 €+2,4%	7
2015 Q1	9 354 €	10 004 €	43 615 €	7
Total 2015:	38 000 €	39 994 €	174 368 €

Revenue by industry

	2023	2024	2025
Manufacture of basic pharmaceutical products		586 714 €	896 270 €
Manufacture of medicines and other pharmaceutical products	635 352 €

Tax debts

No tax debt found

No tax debt as of 30.09.2026

Representatives

	Personal ID code
Pirkko Irene Penttilä-Hiltunen	45501XXXXXX	11.01.1955 (71)	Board member	17.10.2022	-

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Shareholders

	Personal ID code
SILLAMATSI MEDICAL OÜ	10913017	28.01.2003 (23)	Shareholder	28 140 EUR	49,21%	Sole ownership	16.08.2023	-
Eneko Bolumburu Eizaga-Echaverria	-	-	Shareholder	14 040 EUR	24,55%	Sole ownership	23.09.2025	-
NARD INSTITUTE LTD	-	-	Shareholder	6 600 EUR	11,54%	Sole ownership	16.08.2023	-
Heli Väärtnõu-Järv	45906XXXXXX	11.06.1959 (67)	Shareholder	6 180 EUR	10,81%	Sole ownership	05.12.2025	-

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Other persons

	Personal ID code
Jaak Järv	34811XXXXXX	05.11.1948 (77)	Chairman of the supervisory board	10.10.2022	-
Olavi Loog	36908XXXXXX	27.08.1969 (57)	Supervisory-board member	10.10.2022	-
Heli Väärtnõu-Järv	45906XXXXXX	11.06.1959 (67)	Supervisory-board member	10.10.2022	-
Maarika Mägi	47512XXXXXX	04.12.1975 (50)	Audit firm	01.01.2009	-
Fiducia Audit OÜ	11389604	23.05.2007 (19)	Audit firm	01.01.2009	-

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Ultimate beneficial owners

	Personal ID code
Jukka Veli Hiltunen	35411XXXXXX	10.11.1954 (71)	Direct holding	29.07.2021	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q2

Turnover

Amount: 198 786 €
Monthly average: 66 262 €
Per employee: 7 362 €
Equity ratio: 115,88%

Labour taxes

Turnover ratio: 21,54%
Tax ratio: 106,72%
Monthly average: 14 270 €
Per employee: 1 502 €

State taxes

Monthly average: 13 371 €
Turnover ratio: 20,18%

Estimated salary

Gross salary: 2 754 €
Net salary: 2 225 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	1 183 550 €+22,2%	968 754 €+23,7%	783 422 €+23,2%	635 684 €+8,0%	588 770 €+47,6%	398 964 €+86,9%	213 484 €
Non-current assets	185 367 €+19,6%	154 963 €−1,5%	157 357 €−20,4%	197 667 €+119%	90 310 €+136%	38 269 €+49,5%	25 598 €
Total assets	1 368 917 €+21,8%	1 123 717 €+19,4%	940 779 €+12,9%	833 351 €+22,7%	679 080 €+55,3%	437 233 €+82,9%	239 082 €
Short-term liabilities	84 409 €+12,1%	75 325 €+69,1%	44 535 €−46,1%	82 591 €+66,0%	49 756 €−10,7%	55 728 €+22,5%	45 479 €
Long-term liabilities	-	-	-	-	-	-	11 239 €
Total liabilities	84 409 €+12,1%	75 325 €+69,1%	44 535 €−46,1%	82 591 €+66,0%	49 756 €−10,7%	55 728 €−1,7%	56 718 €
Share or stock capital	57 180 €	57 180 €	57 180 €−6,1%	60 908 €	60 908 €	60 908 €	60 908 €
Retained earnings	985 121 €+18,3%	832 973 €+21,2%	687 489 €+22,3%	562 325 €+78,8%	314 506 €+173%	115 365 €+59,2%	72 485 €
Net profit	236 116 €+55,2%	152 148 €+4,6%	145 484 €+19,8%	121 436 €−51,0%	247 819 €+24,4%	199 141 €+364%	42 880 €
Equity	1 284 508 €+22,5%	1 048 392 €+17,0%	896 244 €+19,4%	750 760 €+19,3%	629 324 €+65,0%	381 505 €+109%	182 364 €
Turnover	896 270 €+52,8%	586 714 €−7,7%	635 352 €+33,6%	475 618 €−6,9%	510 772 €+14,9%	444 406 €+39,2%	319 371 €
Profit margin	26,3%	25,9%	22,9%	25,5%	48,5%	44,8%	13,4%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	140 324 €	257 817 €
Liquidity
Current ratio	7,7	11,8
Quick ratio	7,7	11,8
Cash ratio	6,5	10,1
Efficiency
Days sales outstanding (dso)	67,2	52,9
Asset turnover	0,6	0,9
Structure
Debt ratio	0,1	0,1
Profitability
Operating margin	23,9%	46,8%
Net profit margin	25,5%	48,5%
Return on assets (roa)	16,1%	44,4%
Return on equity (roe)	16,2%	39,4%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 20027113 / 12	19.07.2023	Entry – Amendment entry	-	Entered into force19.07.2023
Ä 20027113 / 11	02.03.2023	Entry – Amendment entry	-	Entered into force02.03.2023
Ä 20027113 / 10	17.10.2022	Entry – Amendment entry	-	Entered into force17.10.2022
Ä 20027113 / 9	29.07.2022	Entry order ex-officio – Amendment entry	-	Entered into force29.07.2022
Ä 20027113 / M5	15.06.2022	Order to remedy deficiencies – Amendment entry	13.09.2022	Deficiencies remedied10.10.2022

Real estate

No real estate found

Company has no real estate

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Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


06.02.2025	Riigi Infosüsteemi Amet	4 650 €Received	OTHER GRANTSR&D in communications

Funded projects


Ekspordivõimaluste arendus: Ameerika, Aasia ja Austraalia turud3.1.1101.10-0325	VälismessitoetusERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	30.08.2010 – 30.09.20102007-2013	5 240,76 €	3 898,61 €	Completed
Fluorodesoksüglükoosi kui PET markeri prekursor (FDG-PET precursor)2.0300.07-0584	Teadus- ja arendustegevuse, innovatsiooni edendamineERDF · Ettevõtluse ja Innovatsiooni Sihtasutus	25.01.2008 – 25.05.20082004-2006	15 338,80 €	15 297,11 €	Completed

State aid


19.08.2024	Ettevõtluse ja Innovatsiooni SihtasutusAid measure 231471	Nõustamine VTA › Nõustamine VTAGrant	4 650 €	231471/2400032

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains


pharmasynth.ee	Active	04.07.2010	16.11.2026

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders

Data comes from public registers.