TALLINNA FARMAATSIATEHASE AKTSIASELTS

Active Registry code 10093221 AS Tallinn Registered 16 Sep 1996
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TALLINNA FARMAATSIATEHASE AKTSIASELTS is a AS based in Tallinn, registry code 10093221, status: active. Main activity: Manufacture of pharmaceutical preparations. According to EMTA, turnover for Q3 2026 was €1 966 989 with 49 employees.

Turnover
1 966 989 €
↓ 5.1% vs Q2 2026
State taxes
315 260 €
↑ 37.0% vs Q2 2026
Labour taxes
323 657 €
↑ 35.2% vs Q2 2026
Employees
49
±0 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Manufacture of basic pharmaceutical products and pharmaceutical preparations · EMTAK 21

  • Turnover · Q3 2026 2 mn €
    industry median 234 187 € · companies in the industry: 12
  • Labour taxes per employee 6 605 €
    industry median 4 573 € · companies in the industry: 12
  • Revenue · 2025 6.2 mn €
    industry median 48 003 € · companies in the industry: 19
  • Net profit margin · 2025 7.6 %
    industry median 9.8 % · companies in the industry: 15

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 1 966 989 € · −5.1% vs Q2 2026 · industry median 234 187 € · above 71% of the industry
05001 0001 5002 0002 500Q4 2023 Company: 2 251 599 € Industry median: 102 827 €Q4·23Q1 2024 Company: 1 540 055 € Industry median: 160 070 €Q2 2024 Company: 2 149 241 € Industry median: 216 097 €Q2·24Q3 2024 Company: 1 564 491 € Industry median: 261 493 €Q4 2024 Company: 1 969 381 € Industry median: 198 576 €Q4·24Q1 2025 Company: 1 480 965 € Industry median: 231 372 €Q2 2025 Company: 2 488 003 € Industry median: 292 853 €Q2·25Q3 2025 Company: 1 752 484 € Industry median: 423 731 €Q4 2025 Company: 1 677 907 € Industry median: 410 601 €Q4·25Q1 2026 Company: 1 358 752 € Industry median: 375 496 €Q2 2026 Company: 2 071 713 € Industry median: 198 786 €Q2·26Q3 2026 Company: 1 966 989 € Industry median: 234 187 €Q3·2605001 0001 5002 0002 500Q4 2024 Company: 1 969 381 € Industry median: 198 576 €Q1 2025 Company: 1 480 965 € Industry median: 231 372 €Q1·25Q2 2025 Company: 2 488 003 € Industry median: 292 853 €Q3 2025 Company: 1 752 484 € Industry median: 423 731 €Q3·25Q4 2025 Company: 1 677 907 € Industry median: 410 601 €Q1 2026 Company: 1 358 752 € Industry median: 375 496 €Q1·26Q2 2026 Company: 2 071 713 € Industry median: 198 786 €Q3 2026 Company: 1 966 989 € Industry median: 234 187 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of basic pharmaceutical products and pharmaceutical preparations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 6 605 € · +35.2% vs Q2 2026 · industry median 4 573 € · above 92% of the industry
02 0004 0006 0008 000Q4 2023 Company: 5 434 € Industry median: 3 627 €Q4·23Q1 2024 Company: 3 776 € Industry median: 3 668 €Q2 2024 Company: 3 786 € Industry median: 3 706 €Q2·24Q3 2024 Company: 4 721 € Industry median: 3 971 €Q4 2024 Company: 6 943 € Industry median: 3 921 €Q4·24Q1 2025 Company: 3 992 € Industry median: 4 259 €Q2 2025 Company: 4 807 € Industry median: 3 971 €Q2·25Q3 2025 Company: 6 711 € Industry median: 4 236 €Q4 2025 Company: 5 285 € Industry median: 4 504 €Q4·25Q1 2026 Company: 4 358 € Industry median: 4 205 €Q2 2026 Company: 4 887 € Industry median: 4 757 €Q2·26Q3 2026 Company: 6 605 € Industry median: 4 573 €Q3·2602 0004 0006 0008 000Q4 2024 Company: 6 943 € Industry median: 3 921 €Q1 2025 Company: 3 992 € Industry median: 4 259 €Q1·25Q2 2025 Company: 4 807 € Industry median: 3 971 €Q3 2025 Company: 6 711 € Industry median: 4 236 €Q3·25Q4 2025 Company: 5 285 € Industry median: 4 504 €Q1 2026 Company: 4 358 € Industry median: 4 205 €Q1·26Q2 2026 Company: 4 887 € Industry median: 4 757 €Q3 2026 Company: 6 605 € Industry median: 4 573 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of basic pharmaceutical products and pharmaceutical preparations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 49 · +0.0% vs Q2 2026
01020304050Q4 2023 Company: 50Q4·23Q1 2024 Company: 50Q2 2024 Company: 50Q2·24Q3 2024 Company: 47Q4 2024 Company: 47Q4·24Q1 2025 Company: 50Q2 2025 Company: 50Q2·25Q3 2025 Company: 49Q4 2025 Company: 47Q4·25Q1 2026 Company: 48Q2 2026 Company: 49Q2·26Q3 2026 Company: 49Q3·2601020304050Q4 2024 Company: 47Q1 2025 Company: 50Q1·25Q2 2025 Company: 50Q3 2025 Company: 49Q3·25Q4 2025 Company: 47Q1 2026 Company: 48Q1·26Q2 2026 Company: 49Q3 2026 Company: 49Q3·26
State taxes, € thousand Q3 2026: 315 260 € · +37.0% vs Q2 2026
0100200300400Q4 2023 Company: 260 991 €Q4·23Q1 2024 Company: 181 581 €Q2 2024 Company: 182 133 €Q2·24Q3 2024 Company: 214 166 €Q4 2024 Company: 315 330 €Q4·24Q1 2025 Company: 192 651 €Q2 2025 Company: 231 860 €Q2·25Q3 2025 Company: 319 270 €Q4 2025 Company: 240 016 €Q4·25Q1 2026 Company: 200 416 €Q2 2026 Company: 230 140 €Q2·26Q3 2026 Company: 315 260 €Q3·260100200300400Q4 2024 Company: 315 330 €Q1 2025 Company: 192 651 €Q1·25Q2 2025 Company: 231 860 €Q3 2025 Company: 319 270 €Q3·25Q4 2025 Company: 240 016 €Q1 2026 Company: 200 416 €Q1·26Q2 2026 Company: 230 140 €Q3 2026 Company: 315 260 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 1 966 989 315 260 323 657 49
Q2 2026 2 071 713 230 140 239 465 49
Q1 2026 1 358 752 200 416 209 176 48
Q4 2025 1 677 907 240 016 248 409 47
Q3 2025 1 752 484 319 270 328 837 49
Q2 2025 2 488 003 231 860 240 346 50
Q1 2025 1 480 965 192 651 199 600 50
Q4 2024 1 969 381 315 330 326 308 47
Q3 2024 1 564 491 214 166 221 900 47
Q2 2024 2 149 241 182 133 189 307 50
Q1 2024 1 540 055 181 581 188 804 50
Q4 2023 2 251 599 260 991 271 713 50
Q3 2023 1 540 196 256 675 264 205 50
Q2 2023 1 818 360 160 723 167 097 51
Q1 2023 1 548 087 150 770 155 881 50
Q4 2022 2 144 972 167 727 174 323 50
Q3 2022 1 550 109 271 672 280 852 52
Q2 2022 1 121 217 176 582 182 733 49
Q1 2022 1 638 042 148 412 153 563 52
Labour taxes per employee per month
2 202 €
Turnover per employee in the quarter
40 143 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 6 159 659 € · +3.5% vs 2024 · industry median 48 003 € · above 91% of the industry
02 0004 0006 0008 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 4 717 463 € Industry median: 28 809 €20192020 Company: 5 061 109 € Industry median: 25 207 €20202021 Company: 5 998 180 € Industry median: 11 877 €20212022 Company: 5 075 298 € Industry median: 4 897 €20222023 Company: 5 886 712 € Industry median: 3 851 €20232024 Company: 5 953 245 € Industry median: 25 284 €20242025 Company: 6 159 659 € Industry median: 48 003 €202502 0004 0006 0008 0002018 Company: — Industry median: —2019 Company: 4 717 463 € Industry median: 28 809 €20192020 Company: 5 061 109 € Industry median: 25 207 €2021 Company: 5 998 180 € Industry median: 11 877 €20212022 Company: 5 075 298 € Industry median: 4 897 €2023 Company: 5 886 712 € Industry median: 3 851 €20232024 Company: 5 953 245 € Industry median: 25 284 €2025 Company: 6 159 659 € Industry median: 48 003 €2025
  • Company
  • Industry median

Industry: Manufacture of basic pharmaceutical products and pharmaceutical preparations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: 466 324 € · −19.4% vs 2024 · industry median 676 € · above 90% of the industry
02004006002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 541 009 € Industry median: 2 812 €20192020 Company: 463 007 € Industry median: 97 €20202021 Company: — Industry median: 0 €20212022 Company: — Industry median: 0 €20222023 Company: — Industry median: 0 €20232024 Company: 578 465 € Industry median: 0 €20242025 Company: 466 324 € Industry median: 676 €202502004006002018 Company: — Industry median: —2019 Company: 541 009 € Industry median: 2 812 €20192020 Company: 463 007 € Industry median: 97 €2021 Company: — Industry median: 0 €20212022 Company: — Industry median: 0 €2023 Company: — Industry median: 0 €20232024 Company: 578 465 € Industry median: 0 €2025 Company: 466 324 € Industry median: 676 €2025
  • Company
  • Industry median

Industry: Manufacture of basic pharmaceutical products and pharmaceutical preparations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: 7.6 % · −2.1 pp vs the year before · industry median 9.8 % · above 43% of the industry
-50510152016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 11.5 % Industry median: 10.2 %20192020 Company: 9.1 % Industry median: 7.1 %20202021 Company: — Industry median: 1.4 %20212022 Company: — Industry median: -1.9 %20222023 Company: — Industry median: 4.4 %20232024 Company: 9.7 % Industry median: 1.2 %20242025 Company: 7.6 % Industry median: 9.8 %2025-50510152018 Company: — Industry median: —2019 Company: 11.5 % Industry median: 10.2 %20192020 Company: 9.1 % Industry median: 7.1 %2021 Company: — Industry median: 1.4 %20212022 Company: — Industry median: -1.9 %2023 Company: — Industry median: 4.4 %20232024 Company: 9.7 % Industry median: 1.2 %2025 Company: 7.6 % Industry median: 9.8 %2025
  • Company
  • Industry median

Industry: Manufacture of basic pharmaceutical products and pharmaceutical preparations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 12 136 457 € · +4.0% vs 2024
02 5005 0007 50010 00012 5002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 7 731 394 €20192020 Company: 9 707 634 €20202021 Company: 11 062 754 €20212022 Company: 10 896 366 €20222023 Company: 11 260 666 €20232024 Company: 11 666 336 €20242025 Company: 12 136 457 €202502 5005 0007 50010 00012 5002018 Company: —2019 Company: 7 731 394 €20192020 Company: 9 707 634 €2021 Company: 11 062 754 €20212022 Company: 10 896 366 €2023 Company: 11 260 666 €20232024 Company: 11 666 336 €2025 Company: 12 136 457 €2025
Equity, € thousand 2025: 7 942 419 € · +6.2% vs 2024
02 0004 0006 0008 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 5 192 170 €20192020 Company: 5 655 177 €20202021 Company: —20212022 Company: —20222023 Company: —20232024 Company: 7 476 095 €20242025 Company: 7 942 419 €202502 0004 0006 0008 0002018 Company: —2019 Company: 5 192 170 €20192020 Company: 5 655 177 €2021 Company: —20212022 Company: —2023 Company: —20232024 Company: 7 476 095 €2025 Company: 7 942 419 €2025
Employees 2025: 44 · −2.2% vs 2024 · industry median 28 · above 66% of the industry
010203040502016 Company: 44 Industry median: —20162017 Company: 45 Industry median: —20172018 Company: 45 Industry median: —20182019 Company: 48 Industry median: 3420192020 Company: 49 Industry median: 32.520202021 Company: 48 Industry median: —20212022 Company: 45 Industry median: —20222023 Company: 45 Industry median: 2520232024 Company: 45 Industry median: 3220242025 Company: 44 Industry median: 282025010203040502018 Company: 45 Industry median: —2019 Company: 48 Industry median: 3420192020 Company: 49 Industry median: 32.52021 Company: 48 Industry median: —20212022 Company: 45 Industry median: —2023 Company: 45 Industry median: 2520232024 Company: 45 Industry median: 322025 Company: 44 Industry median: 282025
  • Company
  • Industry median

Industry: Manufacture of basic pharmaceutical products and pharmaceutical preparations (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 6 159 659 466 324 3 041 953 12 136 457 7 942 419 44
2024 5 953 245 578 465 2 936 950 11 666 336 7 476 095 45
2023 5 886 712 — — 11 260 666 — 45
2022 5 075 298 — — 10 896 366 — 45
2021 5 998 180 — — 11 062 754 — 48
2020 5 061 109 463 007 2 229 615 9 707 634 5 655 177 49
2019 4 717 463 541 009 2 109 946 7 731 394 5 192 170 48
2018 — — — — — 45
2017 — — — — — 45
2016 — — — — — 44
2015 — — — — — 50
2014 — — — — — 59
2013 — — — — — 62
2012 — — — — — 60
2011 — — — — — 59
2010 — — — — — 59
2009 — — — — — 64
2007 — — — — — 75
2006 — — — — — 71
2005 — — — — — 71
2004 — — — — — 71
2003 — — — — — 92
2002 — — — — — 138
2001 — — — — — 178
2000 — — — — — 209
1999 — — — — — 218
1998 — — — — — 302

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin
7.6 %
Net profit / revenue
Return on equity (ROE)
5.9 %
Net profit / equity
Return on assets (ROA)
3.8 %
Net profit / assets
Equity ratio
65.4 %
Equity / assets
Debt ratio
34.6 %
Liabilities / assets
Current ratio
3.10
Current assets / current liabilities
Revenue per employee
139 992 €
Revenue / average full-time employees
Labour cost per employee per month
5 761 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 15 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 5 Jun 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 18 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 16 Jun 2023 Consolidated · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 14 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 16 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 8 Jun 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
2 3 700 000 EEK Aktsiaselts Eesti Ühispank 8 Mar 1999 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Kadri Randveer
    Board member · since 30 Oct 2015

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

  • Janis Romanovskis
    Member of a senior management body (management or supervisory board) · LVA · since 27 Aug 2025
  • Filips Lipmans
    Member of a senior management body (management or supervisory board) · LVA · since 27 Jan 2021
  • Anna Lipmane
    Member of a senior management body (management or supervisory board) · LVA · since 16 Oct 2018
  • Kirovs Lipmans
    Member of a senior management body (management or supervisory board) · LVA · since 16 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 21201Manufacture of pharmaceutical preparations Main
  • 47789Retail sale of goods n.e.c.
  • 72101Research and experimental development on natural sciences and engineering
Rulings
Number, date Title Deadline State Document
Ä 10010677 / M11
30 Jan 2018
Ruling to correct data outside an entry 14 Feb 2018 Deficiencies eliminated
1 Feb 2018
PDF
Ä 10010677 / 22
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10010677 / 21
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10010677 / 20
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10010677 / 19
12 Sep 2016
Amendment entry In force
12 Sep 2016
PDF
Ä 10010677 / 18
30 Oct 2015
Amendment entry In force
30 Oct 2015
PDF
Ä 10010677 / M10
28 Oct 2015
Ruling to eliminate deficiencies 4 Nov 2015 Deficiencies eliminated
28 Oct 2015
PDF
Ä 10010677 / M9
11 Feb 2015
Ruling to correct data outside an entry 13 Mar 2015 Deficiencies eliminated
16 Feb 2015
PDF
Ä 10010677 / 17
17 Apr 2013
Amendment entry In force
17 Apr 2013
PDF
Ä 10010677 / M8
10 Apr 2013
Ruling to eliminate deficiencies 10 May 2013 Deficiencies eliminated
17 Apr 2013
PDF
Ä 10010677 / 16
7 Aug 2012
Amendment entry In force
7 Aug 2012
PDF
Ä 10010677 / M7
18 Jul 2012
Ruling to eliminate deficiencies 10 Sep 2012 In force
18 Jul 2012
PDF
Ä 10010677 / 15
5 Apr 2012
Amendment entry In force
5 Apr 2012
PDF
Ä 10010677 / 14
3 Feb 2012
Amendment under Commercial Code § 525 (2) In force
3 Feb 2012
PDF
Ä 10677 / 13
3 Dec 2008
Deletion of activities from the registry card In force
10 Dec 2008
PDF
Ä 10677 / M6
28 May 2007
Refund of the state fee In force
28 May 2007
PDF
Ä 10677 / M5
13 Nov 2006
Ruling to be served In force
13 Nov 2006
PDF
Ä 10677 / 12
4 May 2006
Amendment entry In force
4 May 2006
PDF
Ä 10677 / 11
26 Nov 2003
Amendment entry In force PDF
K 11654 / 6
15 Sep 2003
Commercial pledge amended In force PDF
K 11654 / 5
12 Sep 2003
Commercial pledge deleted In force PDF
Ä 10677 / 10
16 Apr 2002
Entry decision on the register’s own initiative In force PDF

Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data