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TLFRD Baltics OÜ

Legal form:

Private limited company

Registry code:

14265877

VAT no.:

EE101981840

Fiscal-year period:

01.01 - 31.12

Established:

25.05.2017 (9)

Capital:

66 000 EUR

Address:

Seebi tn 1-104, Kristiine linnaosa, Tallinn, Harju maakond, 11316

Status:

Registered

Contacts

Email:

golub@tlfrd.com

Phone:

+372 58959248

Website:

https://www.tlfrd.com

Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Activities of head offices and management consultancy activities
70201 - Business and other management consultancy

VAT liability

	Start	End
EE101981840	23.06.2017

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	24.03.2026	Valid
2024	01.01.2024 - 31.12.2024	24.04.2025	Valid
2023	01.01.2023 - 31.12.2023	22.04.2024	Valid
2022	01.01.2022 - 31.12.2022	04.04.2023	Valid
2021	01.01.2021 - 31.12.2021	08.02.2022	Valid
2020	01.01.2020 - 31.12.2020	12.03.2021	Valid
2019	01.01.2019 - 31.12.2019	14.04.2020	Valid
2018	01.01.2018 - 31.12.2018	13.03.2019	Valid
2018	01.01.2018 - 31.12.2018	12.03.2019	Expired
2017	25.05.2017 - 31.12.2017	24.04.2018	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

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Credit rating

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	2 133 €	2 162 €	107 554 €23.1%	2
Kokku 2026:	2 133 €	2 162 €	107 554 €
2025 Q4	4 361 €	2 217 €	139 907 €25.8%	2
2025 Q3	2 088 €	2 217 €	111 187 €17.1%	2
2025 Q2	2 262 €	2 217 €	134 126 €5.5%	2
2025 Q1	2 312 €	2 153 €	127 189 €4.6%	2
Kokku 2025:	11 023 €	8 804 €	512 409 €14.7%
2024 Q4	6 348 €	2 024 €	121 569 €3.9%	2
2024 Q3	2 098 €	2 024 €	126 496 €15.5%	2
2024 Q2	2 695 €	2 024 €	109 553 €23.0%	2
2024 Q1	2 427 €	1 914 €	89 070 €21.6%	2
Kokku 2024:	13 568 €	7 986 €	446 688 €19.2%
2023 Q4	1 586 €	1 694 €	113 585 €14.6%	2
2023 Q3	1 586 €	1 694 €	133 070 €134.1%	2
2023 Q2	1 586 €	1 694 €	56 839 €20.2%	2
2023 Q1	1 542 €	1 645 €	71 184 €186.1%	2
Kokku 2023:	6 299 €	6 727 €	374 678 €270.8%
2022 Q4	1 344 €	1 428 €	24 885 €5.4%	2
2022 Q3	806 €	857 €	23 608 €38.4%	2
2022 Q2	806 €	857 €	17 056 €51.9%	1
2022 Q1	701 €	747 €	35 486 €109.0%	1
Kokku 2022:	3 657 €	3 888 €	101 035 €147.9%
2021 Q4	648 €	691 €	16 980 €64.7%	1
2021 Q3	648 €	691 €	10 310 €37.6%	1
2021 Q2	0 €	0 €	7 494 €25.3%	1
2021 Q1	0 €	0 €	5 979 €121.4%	-
Kokku 2021:	1 296 €	1 383 €	40 762 €221.0%
2020 Q4	0 €	0 €	2 700 €32.5%	-
2020 Q3	0 €	0 €	4 000 €33.3%	-
2020 Q2	0 €	0 €	3 000 €0.0%	-
2020 Q1	0 €	0 €	3 000 €93.0%	0
Kokku 2020:	0 €	0 €	12 700 €76.6%
2019 Q4	0 €	0 €	43 000 €485.8%	0
2019 Q3	0 €	0 €	7 340 €89.7%	0
2019 Q2	224 €	0 €	3 870 €10 084.2%	0
2019 Q1	0 €	0 €	38 €42.4%	0
Kokku 2019:	224 €	0 €	54 248 €560.7%
2018 Q4	0 €	0 €	66 €3.1%	0
2018 Q3	0 €	0 €	64 €220.0%	0
2018 Q2	0 €	0 €	20 €99.8%	0
2018 Q1	0 €	0 €	8 061 €12 495.3%	0
Kokku 2018:	0 €	0 €	8 211 €82.7%
2017 Q4	0 €	0 €	64 €98.6%	0
2017 Q3	0 €	0 €	4 430 €	0
2017 Q2	0 €	0 €	0 €	0
Kokku 2017:	0 €	0 €	4 494 €

Revenue by industry

	2023	2024	2025
Business and other management consultancy		467 057 €	457 597 €
Business consultancy and other management advice	376 556 €

Tax debts

No tax debt found

No tax debt as of 04.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Mykhailo Golub	38007XXXXXX	25.07.1980 (45)	Board member	25.05.2017	-

1 - 1 / 1 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
Mykhailo Golub	38007XXXXXX	25.07.1980 (45)	Shareholder	66 000,00 EUR	100	Sole ownership	02.09.2023	-

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

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Mykhailo Golub	38007XXXXXX	25.07.1980 (45)	Founder	24.05.2017	-

1 - 1 / 1 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Mykhailo Golub	38007XXXXXX	25.07.1980 (45)	Direct holding	07.02.2022	-

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

1 - 1 / 1 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

107 554 €

Monthly average

35 851 €

Per employee

17 926 €

Equity ratio

54,32%

Labour taxes

Turnover ratio

2,01%

Tax ratio

101,36%

Monthly average

721 €

Per employee

360 €

State taxes

Monthly average

711 €

Turnover ratio

1,98%

Estimated salary

Gross salary

849 €

Net salary

775 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	245 041 €8.2%	226 511 €3.8%	235 564 €39.8%	168 558 €43.2%	117 691 €71.1%	68 780 €3.5%	66 484 €
Non-current assets	343 880 €5.3%	363 021 €975.0%	33 770 €5.6%	35 776 €5.3%	37 782 €5.8%	40 122 €	-
Total assets	588 921 €0.1%	589 532 €118.9%	269 334 €31.8%	204 334 €31.4%	155 473 €42.8%	108 902 €63.8%	66 484 €
Short-term liabilities	40 468 €41.3%	68 890 €26.9%	54 284 €41.2%	38 458 €1 920.9%	1 903 €371.0%	404 €	-
Long-term liabilities	211 916 €8.9%	232 566 €	-	-	-	-	-
Total liabilities	252 384 €16.3%	301 456 €455.3%	54 284 €41.2%	38 458 €1 920.9%	1 903 €371.0%	404 €	-
Share or stock capital	66 000 €	66 000 €	66 000 €	66 000 €	66 000 €	66 000 €120.0%	30 000 €
Retained earnings	222 076 €49.0%	149 051 €49.2%	99 875 €14.1%	87 570 €106.1%	42 498 €16.5%	36 484 €363.9%	-13 825 €
Net profit	48 461 €33.6%	73 025 €48.5%	49 175 €299.6%	12 306 €72.7%	45 072 €649.5%	6 014 €88.0%	50 309 €
Equity	336 537 €16.8%	288 076 €34.0%	215 050 €29.6%	165 876 €8.0%	153 570 €41.5%	108 498 €63.2%	66 484 €
Turnover	457 597 €2.0%	467 057 €24.0%	376 556 €282.8%	98 379 €61.2%	61 027 €358.8%	13 300 €76.8%	57 210 €
Profit margin	10.59%32.3%	15.64%19.7%	13.06%4.4%	12.51%83.1%	73.86%63.3%	45.22%48.6%	87.94%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	WA WDV	EU NAU	DH MSU	47 405	-
Liquidity
Current ratio	U.F	R.O	T.M	61.8	170.2
Quick ratio	V.U	C.M	Z.R	61.8	170.2
Cash ratio	L.J	W.L	M.Y	54.2	0.0
Efficiency
Days sales outstanding (dso)	KH.N	XK.U	QU.T	86.9	91.2
Asset turnover	E.A	D.J	C.E	0.5	0.2
Structure
Debt ratio	N.T	W.Y	A.E	0.0	0.0
Profitability
Operating margin	HV.W%	GI.Q%	NA.Q%	73.8%	45.2%
Net profit margin	RF.X%	JO.U%	OZ.T%	73.9%	45.2%
Return on assets (roa)	QI.H%	NP.S%	T.T%	34.1%	6.9%
Return on equity (roe)	MB.U%	XR.M%	F.G%	29.3%	5.5%

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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	Status
Ä 50057969 / 13	02.10.2025	Entry - Amendment entry	Entered into force (02.10.2025)
Ä 50057969 / 12	08.04.2024	Entry - Amendment entry under NSPA § 595¹ (1)	Entered into force (08.04.2024)
Ä 50057969 / 11	02.09.2023	Entry - Amendment entry	Entered into force (02.09.2023)
Ä 50057969 / 10	08.05.2023	Entry - Amendment entry	Entered into force (08.05.2023)
Ä 50057969 / 9	03.05.2023	Entry - Amendment entry	Entered into force (03.05.2023)

1 - 5 / 14 rows

Real estate

Address	Area	Purpose
Seebi tn 1, Kristiine linnaosa, Tallinn, Harju maakond	2158 m²	Commercial land 5%, Residential land 95%
Talli tn 5, Kristiine linnaosa, Tallinn, Harju maakond	4233 m²	Residential land 100%

1 - 2 / 2 rows

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions

Date	Party	Amount	Classification
14.10.2025	Majandus- ja Kommunikatsiooniministeerium	290.41 € Received	OTHER GRANTS R&D in general economic, trade and labour policy
21.04.2025	Majandus- ja Kommunikatsiooniministeerium	116.67 € Received	OTHER GRANTS R&D in general economic, trade and labour policy

TLFRD Baltics OÜ

Contacts

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Aggregate data

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Regulations

Regulations

Real estate

Real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Official announcements

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Public transactions

Public transactions

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Enforcement proceedings

No enforcement proceedings found

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No payment orders found