Osaühing Baltfarma

Legal form:: Private limited company
Registry code:: 11387806
VAT no.:: EE101183680
Fiscal-year period:: 01.01 - 31.12
Established:: 16.05.2007 (19 y)
Capital:: 2 556 EUR
Address:: Akadeemia tee 45, Mustamäe linnaosa, Tallinn, Harju maakond, 13520
Status:: Registered
E-invoice reception:: Arvekeskus

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Contacts

Email:: info@baltfarma.ee

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Industries

Industry TOPNo. 5 of 1497 companies

1.AS Kesko Senukai Estonia181.1M €
2.Aktsiaselts Onninen134.8M €
3.Osaühing Supergate94.1M €
4.Jungent Estonia OÜ81.9M €
5.Osaühing Baltfarma75.7M €
6.Linas Agro OÜ47.4M €
7.N.G.P EUROPE OÜ42.3M €
8.Essity Estonia OÜ39.1M €
9.Luxis Baltic OÜ38.9M €
10.Husqvarna Eesti Osaühing38.3M €

Main activity 46901 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE101183680	17.05.2010	-
EE101183680	22.10.2007	12.12.2009

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	24.05.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	30.10.2023	Valid	PDF
2022	01.01.2022 – 31.12.2022	20.06.2023	Expired	PDF
2021	01.01.2021 – 31.12.2021	16.06.2022	Valid	PDF
2020	01.01.2020 – 31.12.2020	29.06.2021	Valid	PDF
2019	01.01.2019 – 31.12.2019	21.07.2020	Valid	PDF
2018	01.01.2018 – 31.12.2018	01.07.2019	Valid	PDF
2017	01.01.2017 – 31.12.2017	30.06.2018	Valid	PDF
2016	01.01.2016 – 31.12.2016	04.07.2017	Valid	PDF
2015	01.01.2015 – 31.12.2015	30.06.2016	Valid	PDF
2014	01.01.2014 – 31.12.2014	05.06.2015	Valid	PDF
2013	01.01.2013 – 31.12.2013	24.03.2014	Valid	PDF
2012	01.01.2012 – 31.12.2012	27.03.2013	Valid	PDF
2011	01.01.2011 – 31.12.2011	18.05.2012	Valid	PDF
2010	01.01.2010 – 31.12.2010	12.04.2011	Valid	PDF
2009	01.01.2009 – 31.12.2009	12.03.2010	Valid	PDF
2008	01.01.2008 – 31.12.2008	08.05.2009	Valid	PDF
2007	16.05.2007 – 31.12.2007	23.04.2008	Valid	PDF

Unsubmitted declarations

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No unsubmitted declarations as of 24.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements1 TTJA decisions–Real estate–.ee domains1 Licenses–Regulations59 Public transactions153 Grants–State aid1 Public procurement119 Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	996 017 €	85 522 €	16,0 M €−17,7%	29
2026 Q2	892 028 €	93 338 €	19,4 M €−4,8%	30
2026 Q1	884 580 €	77 884 €	20,4 M €+2,6%	30
Total 2026:	2,77 M €	256 744 €	55,8 M €
2025 Q4	860 346 €	84 570 €	19,9 M €+19,2%	28
2025 Q3	752 125 €	86 281 €	16,7 M €−1,5%	30
2025 Q2	794 075 €	80 816 €	17,0 M €−3,9%	30
2025 Q1	784 522 €	94 088 €	17,6 M €−1,9%	29
Total 2025:	3,19 M €	345 755 €	71,2 M €
2024 Q4	766 526 €	78 117 €	18,0 M €+22,4%	30
2024 Q3	680 971 €	77 470 €	14,7 M €−8,9%	31
2024 Q2	669 498 €	101 582 €	16,1 M €+0,1%	30
2024 Q1	798 786 €	70 015 €	16,1 M €−6,2%	29
Total 2024:	2,92 M €	327 184 €	64,9 M €
2023 Q4	756 202 €	70 514 €	17,2 M €+21,3%	30
2023 Q3	701 118 €	69 521 €	14,2 M €−6,2%	29
2023 Q2	690 715 €	68 688 €	15,1 M €−2,4%	28
2023 Q1	646 700 €	71 540 €	15,5 M €−4,0%	32
Total 2023:	2,79 M €	280 263 €	61,9 M €
2022 Q4	696 074 €	58 006 €	16,1 M €+29,9%	29
2022 Q3	625 253 €	66 109 €	12,4 M €−14,3%	32
2022 Q2	641 953 €	57 029 €	14,5 M €−2,0%	30
2022 Q1	698 891 €	63 464 €	14,8 M €+1,5%	32
Total 2022:	2,66 M €	244 608 €	57,7 M €
2021 Q4	625 860,69 €	53 493,07 €	14,5 M €+22,7%	29
2021 Q3	535 282,08 €	57 106,41 €	11,9 M €−7,1%	29
2021 Q2	553 884,51 €	75 293,40 €	12,8 M €+2,7%	30
2021 Q1	663 674,48 €	59 571,46 €	12,4 M €−13,7%	35
Total 2021:	2,38 M €	245 464,34 €	51,6 M €
2020 Q4	766 095,66 €	54 650,80 €	14,4 M €+20,4%	37
2020 Q3	603 903,22 €	52 894,55 €	11,9 M €−2,0%	34
2020 Q2	411 069,61 €	35 543,42 €	12,2 M €+6,4%	31
2020 Q1	529 343 €	56 800 €	11,5 M €−7,1%	36
Total 2020:	2,31 M €	199 888,77 €	50,0 M €
2019 Q4	588 977 €	54 045 €	12,3 M €+5,2%	33
2019 Q3	508 498 €	60 124 €	11,7 M €+2,2%	36
2019 Q2	570 242 €	63 194 €	11,5 M €+5,8%	34
2019 Q1	553 334 €	57 832 €	10,8 M €−5,5%	37
Total 2019:	2,22 M €	235 195 €	46,4 M €
2018 Q4	491 615 €	52 964 €	11,5 M €+28,2%	33
2018 Q3	421 822 €	50 400 €	8,95 M €+4,6%	29
2018 Q2	345 192 €	36 271 €	8,56 M €−2,7%	21
2018 Q1	388 601 €	35 974 €	8,80 M €+13,4%	21
Total 2018:	1,65 M €	175 609 €	37,8 M €
2017 Q4	369 601 €	36 895 €	7,76 M €+2,0%	19
2017 Q3	348 708 €	38 771 €	7,61 M €−6,4%	21
2017 Q2	408 433 €	34 483 €	8,13 M €−1,5%	24
2017 Q1	379 793 €	34 363 €	8,25 M €+120%	22
Total 2017:	1,51 M €	144 512 €	31,8 M €
2016 Q4	362 740 €	33 398 €	3,75 M €−21,4%	21
2016 Q3	363 847 €	42 472 €	4,77 M €+7,2%	21
2016 Q2	355 561 €	39 607 €	4,45 M €−0,5%	21
2016 Q1	319 264 €	39 788 €	4,47 M €+31,8%	21
Total 2016:	1,40 M €	155 265 €	17,4 M €
2015 Q4	286 429 €	31 791 €	3,39 M €−6,9%	18
2015 Q3	266 871 €	34 160 €	3,65 M €−1,6%	18
2015 Q2	295 034 €	34 713 €	3,70 M €+6,2%	18
2015 Q1	339 008 €	32 675 €	3,49 M €	18
Total 2015:	1,19 M €	133 339 €	14,2 M €

Revenue by industry

	2023	2024	2025
Non-specialised wholesale trade	34 331 124 €	36 284 264 €	41 060 304 €
Other business support service activities n.e.c.	18 775 €	23 256 €	21 279 €

Tax debts

No tax debt found

No tax debt as of 24.10.2026

Representatives

	Personal ID code
Jaagup Valma	39006XXXXXX	01.06.1990 (36)	Board member	09.01.2026	-
Kristiina Joosu	48907XXXXXX	26.07.1989 (37)	Board member	14.05.2021	-
Helis Selge	48809XXXXXX	25.09.1988 (38)	Board member	06.11.2019	-
Latvian Central Depository	40003XXXXXX	-	Share-register keeper	09.07.2018	-

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Shareholders

	Personal ID code
EUROAPOTHECA UAB	30085XXXX	-	Shareholder	2 556 EUR	100,00%	Sole ownership	16.08.2023	-

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Other persons

	Personal ID code
Sergei Nikitin	35501XXXXXX	24.01.1955 (71)	Founder	16.05.2007	-
Jüri Nikitin	35202XXXXXX	28.02.1952 (74)	Founder	16.05.2007	-

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Ultimate beneficial owners

	Personal ID code
Nerijus Numa	-	12.05.1967 (59)	Indirect holding	27.03.2025	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

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2026 Q3

Turnover

Amount: 15 988 670 €
Monthly average: 5 329 557 €
Per employee: 183 778 €

Labour taxes

Turnover ratio: 0,53%
Tax ratio: 8,59%
Monthly average: 28 507 €
Per employee: 966 €

State taxes

Monthly average: 332 006 €
Turnover ratio: 6,23%

Estimated salary

Gross salary: 1 840 €
Net salary: 1 538 €

Aggregate data

Last 5 yrsAll

	2025	2024	2023	2022	2021	2020	2019
Current assets	-	-	16 401 801 €+9,7%	-	-	14 957 949 €+211 949%	7 054 €
Non-current assets	-	-	1 914 854 €−9,8%	-	-	2 121 826 €	-
Total assets	18 677 204 €+4,8%	17 819 596 €−2,7%	18 316 656 €+0,8%	18 167 462 €+10,2%	16 488 767 €−3,5%	17 079 776 €+33,8%	12 765 561 €
Short-term liabilities	-	-	7 495 799 €−9,1%	-	-	8 248 722 €+5 768 237%	143 €
Long-term liabilities	-	-	3 564 408 €+57,6%	-	-	2 261 101 €+322 914%	700 €
Total liabilities	-	-	11 060 207 €+5,2%	-	-	10 509 823 €+1 246 617%	843 €
Share or stock capital	-	-	-	-	-	-	-
Retained earnings	-	-	6 729 676 €+48,4%	-	-	4 536 090 €	-
Net profit	-	-	523 960 €−74,2%	-	-	2 031 050 €	-
Equity	-	-	7 256 448 €+10,4%	-	-	6 569 952 €	-
Turnover	41 081 584 €+13,1%	36 307 520 €+5,7%	34 349 900 €+6,8%	32 169 178 €+10,6%	29 093 452 €+0,5%	28 955 654 €+10,3%	26 260 156 €
Profit margin	-	-	1,5%	-	-	7,0%	-

Financial ratios

	2017	2016
Profit and cash flow
EBITDA	473 729 €	516 897 €
Liquidity
Current ratio	1,6	1,5
Quick ratio	1,2	1,1
Cash ratio	0,0	0,0
Efficiency
Days sales outstanding (dso)	85,3	75,5
Asset turnover	2,9	3,2
Structure
Debt ratio	0,6	0,6
Profitability
Operating margin	2,4%	2,8%
Net profit margin	2,4%	2,8%
Return on assets (roa)	7,0%	8,9%
Return on equity (roe)	17,2%	23,2%

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Licences & notices

No licenses and notices found

Company has no active licenses and business activity notices

Regulations


Ä 10109076 / 43	10.08.2026	Entry – Amendment entry	-	Entered into force10.08.2026
Ä 10109076 / M16	07.08.2026	Order to remedy deficiencies – Amendment entry	06.09.2026	Deficiencies remedied10.08.2026
Ä 10109076 / M15	04.08.2026	Order to remedy deficiencies – Amendment entry	03.09.2026	Deficiencies remedied10.08.2026
Ä 10109076 / 42	09.01.2026	Entry – Amendment entry	-	Entered into force09.01.2026
Ä 10109076 / 41	14.05.2025	Negative entry order – deficiencies not remedied – Amendment entry	-	Entered into force07.06.2025

Real estate

No real estate found

Company has no real estate

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


Notice of company merger	31.08.2018	PDF

Public transactions


14.03.2025	Eesti Töötukassa	886 €Received	OTHER GRANTSSocial protection of the unemployed
18.02.2025	Eesti Töötukassa	886 €Received	OTHER GRANTSSocial protection of the unemployed
14.01.2025	Eesti Töötukassa	704,76 €Received	OTHER GRANTSSocial protection of the unemployed
16.12.2024	Eesti Töötukassa	820 €Received	OTHER GRANTSSocial protection of the unemployed
14.11.2024	Eesti Töötukassa	820 €Received	OTHER GRANTSSocial protection of the unemployed

Funded projects

No funded projects found

The company has no projects funded by EU or foreign grants

State aid


24.07.2024	Eesti TöötukassaAid measure 231580	Palgatoetus VTA › Palgatoetus VTAGrant	4 821,52 €	231580/2501220

Public procurement contracts


16.02.2024End 15.02.2025	Reference number 257442 · II periood 16.02.2024 -15.02.2025	Aktsiaselts Ida-Tallinna KeskhaiglaContracting authority	0,01 €	Completed
16.02.2023End 31.01.2024	Reference number 257442 · Periood 16.02.2023 – 31.01.2024	Aktsiaselts Ida-Tallinna KeskhaiglaContracting authority	0,01 €	Completed
16.02.2023End 15.02.2025	Reference number 257442 · Raamleping_:Baltfarma	Aktsiaselts Ida-Tallinna KeskhaiglaContracting authority	375 000 €actual 0,02 €	Completed
18.01.2023End 31.07.2024	Reference number 256949 · MÜÜGILEPING nr 3-7/1282-1	Aktsiaselts Lääne-Tallinna KeskhaiglaContracting authority	34 124,18 €	Completed
17.01.2023End 31.07.2024	Reference number 256949 · MÜÜGILEPING nr 3-7/1282	Aktsiaselts Lääne-Tallinna KeskhaiglaContracting authority	34 124,18 €	Completed

.ee domains


baltfarma.ee	Active	24.04.2017	25.04.2027

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.