Osaühing Baltfarma

Active Registry code 11387806 OÜ Tallinn Registered 16 May 2007

Osaühing Baltfarma is a OÜ based in Tallinn, registry code 11387806, status: active. Main activity: Non-specialised wholesale trade. According to EMTA, turnover for Q3 2026 was €15 988 670 with 29 employees.

Turnover

15 988 670 €

↓ 17.7% vs Q2 2026

State taxes

996 017 €

↑ 11.7% vs Q2 2026

Labour taxes

85 522 €

↓ 8.4% vs Q2 2026

Employees

−1 vs Q2 2026

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

Position in the industry Wholesale trade · EMTAK 46

Turnover · Q3 2026 16 mn €

above 98% of companies

industry median 60 065 € · companies in the industry: 6 941
Labour taxes per employee 2 949 €

above 64% of companies

industry median 2 104 € · companies in the industry: 4 194
Revenue · 2025 41.1 mn €

above 98% of companies

industry median 63 691 € · companies in the industry: 10 038

Taxes and turnover

Q4 2023 – Q3 2026

Turnover, € thousand Q3 2026: 15 988 670 € · −17.7% vs Q2 2026 · industry median 60 065 € · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 2 949 € · −5.2% vs Q2 2026 · industry median 2 104 € · above 64% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 29 · −3.3% vs Q2 2026

State taxes, € thousand Q3 2026: 996 017 € · +11.7% vs Q2 2026

Figures by quarter
Quarter	Turnover, €	State taxes, €	Labour taxes, €	Employees
Q3 2026	15 988 670	996 017	85 522	29
Q2 2026	19 422 447	892 028	93 338	30
Q1 2026	20 407 758	884 580	77 884	30
Q4 2025	19 893 532	860 346	84 570	28
Q3 2025	16 688 980	752 125	86 281	30
Q2 2025	16 950 487	794 075	80 816	30
Q1 2025	17 640 709	784 522	94 088	29
Q4 2024	17 975 994	766 526	78 117	30
Q3 2024	14 690 241	680 971	77 470	31
Q2 2024	16 121 578	669 498	101 582	30
Q1 2024	16 100 636	798 786	70 015	29
Q4 2023	17 161 286	756 202	70 514	30
Q3 2023	14 153 448	701 118	69 521	29
Q2 2023	15 095 991	690 715	68 688	28
Q1 2023	15 459 810	646 700	71 540	32
Q4 2022	16 096 498	696 074	58 006	29
Q3 2022	12 390 860	625 253	66 109	32
Q2 2022	14 465 357	641 953	57 029	30
Q1 2022	14 756 449	698 891	63 464	32

Labour taxes per employee per month

983 €

Turnover per employee in the quarter

551 333 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025

Revenue, € thousand 2025: 41 081 583 € · +13.1% vs 2024 · industry median 63 691 € · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2024: -812 123 € · −255.0% vs 2023 · industry median 134 € · above 2% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2024: -2.2 % · −3.8 pp vs the year before · industry median 2.9 % · above 24% of the industry

Company
Industry median

Industry: Wholesale trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 18 677 203 € · +4.8% vs 2024

Equity, € thousand 2024: 6 444 324 € · −11.2% vs 2023

Employees 2025: 30 · −3.2% vs 2024 · industry median 2 · above 98% of the industry

Company
Industry median

Industry: Wholesale trade (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	41 081 583	—	—	18 677 203	—	30
2024	36 307 519	-812 123	273 243	17 819 596	6 444 324	31
2023	34 349 899	523 960	321 669	18 316 655	7 256 448	30
2022	32 169 178	—	—	18 167 462	—	29
2021	29 093 451	—	—	16 488 767	—	30
2020	28 955 654	2 031 050	211 802	17 079 775	6 569 952	31
2019	26 260 155	—	—	12 765 561	—	32
2018	—	—	—	—	—	38
2017	—	—	—	—	—	22
2016	—	—	—	—	—	21
2015	—	—	—	—	—	18
2014	—	—	—	—	—	15
2013	—	—	—	—	—	15
2012	—	—	—	—	—	7
2011	—	—	—	—	—	3
2010	—	—	—	—	—	3
2009	—	—	—	—	—	0
2008	—	—	—	—	—	3
2007	—	—	—	—	—	4

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

Revenue per employee

1 369 386 €

Revenue / average full-time employees

Annual reports

PDFs from e-Äriregister

Annual reports
Year	Period	Filed	Report	Documents
2025	1 Jan 2025 – 31 Dec 2025	29 Jun 2026	Company’s own · audited	e-Äriregister
2024	1 Jan 2024 – 31 Dec 2024	30 Jun 2025	Company’s own · audited	e-Äriregister
2023	1 Jan 2023 – 31 Dec 2023	24 May 2024	Company’s own · audited	e-Äriregister
2022	1 Jan 2022 – 31 Dec 2022	30 Oct 2023	Company’s own · audited	e-Äriregister
2021	1 Jan 2021 – 31 Dec 2021	16 Jun 2022	Company’s own · audited	e-Äriregister
2020	1 Jan 2020 – 31 Dec 2020	29 Jun 2021	Company’s own · audited	e-Äriregister
2019	1 Jan 2019 – 31 Dec 2019	21 Jul 2020	Company’s own · audited	e-Äriregister

Board

Helis Selge
Board member · since 6 Nov 2019
Kristiina Joosu
Board member · since 14 May 2021
Jaagup Valma
Board member · since 9 Jan 2026
Nasdaq CSD SE
Keeper of the share register · since 9 Jul 2018

Right of representation

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

Owners

Omanikukonto: EUROAPOTHECA UAB
Legal person · 2 556 €

100%

Beneficial owners

Nerijus Numa
Indirect ownership · CHE · since 27 Mar 2025

Founders and other persons

Jüri Nikitin
Founder · 20 000 € · 16 May 2007
Sergei Nikitin
Founder · 20 000 € · 16 May 2007

shared board members, owners or beneficial owners

Activities (EMTAK)

46901Non-specialised wholesale trade Main
82991Other business support service activities n.e.c.

Rulings 59

All rulings (PDF)

Rulings
Number, date	Title	Deadline	State	Document
Ä 10109076 / 43 10 Aug 2026	Amendment entry		In force 10 Aug 2026	PDF
Ä 10109076 / M16 7 Aug 2026	Ruling to eliminate deficiencies	6 Sep 2026	Deficiencies eliminated 10 Aug 2026	PDF
Ä 10109076 / M15 4 Aug 2026	Ruling to eliminate deficiencies	3 Sep 2026	Deficiencies eliminated 10 Aug 2026	PDF
Ä 10109076 / 42 9 Jan 2026	Amendment entry		In force 9 Jan 2026	PDF
Ä 10109076 / 41 14 May 2025	Entry refused: deficiencies not eliminated		In force 7 Jun 2025	PDF
Ä 10109076 / M14 28 Apr 2025	Ruling to eliminate deficiencies	28 May 2025	In force 13 May 2025	PDF
Ä 10109076 / 40 6 Mar 2025	Amendment entry		In force 6 Mar 2025	PDF
Ä 10109076 / 39 1 Dec 2023	Amendment entry		In force 1 Dec 2023	PDF
Ä 10109076 / 38 10 Oct 2023	Amendment entry		In force 10 Oct 2023	PDF
Ä 10109076 / 37 15 Jun 2023	Amendment entry		In force 15 Jun 2023	PDF
Ä 10109076 / 36 13 Apr 2023	Amendment entry		In force 13 Apr 2023	PDF
Ä 10109076 / M13 10 Apr 2023	Ruling to eliminate deficiencies	25 Apr 2023	Deficiencies eliminated 13 Apr 2023	PDF
Ä 10109076 / 35 12 Dec 2022	Amendment entry		In force 12 Dec 2022	PDF
Ä 10109076 / 34 20 Sep 2022	Amendment entry		In force 20 Sep 2022	PDF
Ä 10109076 / 33 29 Jun 2022	Amendment entry		In force 29 Jun 2022	PDF
Ä 10109076 / 32 7 Jan 2022	Amendment entry		In force 7 Jan 2022	PDF
Ä 10109076 / 31 26 Oct 2021	Amendment under Commercial Code § 525 (2)		In force 26 Oct 2021	PDF
Ä 10109076 / 30 21 Oct 2021	Amendment entry		In force 21 Oct 2021	PDF
Ä 10109076 / 29 22 Jul 2021	Amendment entry		In force 22 Jul 2021	PDF
Ä 10109076 / 28 14 May 2021	Amendment entry		In force 14 May 2021	PDF
Ä 10109076 / 27 12 May 2021	Amendment entry		In force 12 May 2021	PDF
Ä 10109076 / 26 26 Mar 2021	Amendment entry		In force 26 Mar 2021	PDF
Ä 10109076 / M12 4 Mar 2021	Ruling to eliminate deficiencies	3 Apr 2021	Deficiencies eliminated 26 Mar 2021	PDF
Ä 10109076 / M11 3 Mar 2021	Ruling to eliminate deficiencies	18 Mar 2021	Deficiencies eliminated 26 Mar 2021	PDF
Ä 10109076 / 25 15 Dec 2020	Amendment entry		In force 15 Dec 2020	PDF
Ä 10109076 / 24 13 Oct 2020	Amendment entry		In force 13 Oct 2020	PDF
Ä 10109076 / 23 6 Oct 2020	Amendment entry		In force 6 Oct 2020	PDF
Ä 10109076 / 22 8 Jan 2020	Amendment entry		In force 8 Jan 2020	PDF
Ä 10109076 / M10 7 Jan 2020	Procedural ruling	21 Jan 2020	Deficiencies eliminated 8 Jan 2020	PDF
Ä 10109076 / 21 6 Nov 2019	Amendment entry		In force 6 Nov 2019	PDF
Ä 10109076 / M9 29 Oct 2019	Ruling to eliminate deficiencies	13 Nov 2019	Deficiencies eliminated 6 Nov 2019	PDF
Ä 10109076 / M8 11 Oct 2019	Procedural ruling	21 Oct 2019	In force 11 Oct 2019	PDF
Ä 10109076 / 20 31 Aug 2019	Amendment entry		In force 31 Aug 2019	PDF
Ä 10109076 / M7 14 Aug 2019	Ruling to eliminate deficiencies	3 Sep 2019	Deficiencies eliminated 31 Aug 2019	PDF
Ä 10109076 / M6 13 Aug 2019	Procedural ruling	27 Aug 2019	Deficiencies eliminated 14 Aug 2019	PDF
Ä 10109076 / M5 15 Jul 2019	Ruling to eliminate deficiencies	30 Jul 2019	Deficiencies eliminated 15 Jul 2019	PDF
Ä 10109076 / 19 15 Jul 2019	Amendment entry		In force 15 Jul 2019	PDF
Ä 10109076 / M4 13 Jun 2019	Procedural ruling	23 Jun 2019	In force 13 Jun 2019	PDF
Ä 10109076 / 18 12 Apr 2019	Amendment entry		In force 12 Apr 2019	PDF
Ä 10109076 / M3 29 Mar 2019	Ruling to eliminate deficiencies	18 Apr 2019	Deficiencies eliminated 12 Apr 2019	PDF
Ä 10109076 / 17 31 Aug 2018	Second (constitutive) merger entry		In force 31 Aug 2018	PDF
Ä 10109076 / 16 9 Jul 2018	Amendment entry		In force 9 Jul 2018	PDF
Ä 10109076 / 15 9 Jul 2018	Amendment entry		In force 9 Jul 2018	PDF
Ä 10109076 / 14 8 Jul 2018	Amendment entry		In force 8 Jul 2018	PDF
Ä 10109076 / 13 7 Jul 2018	Amendment entry		In force 7 Jul 2018	PDF
Ä 10109076 / 12 17 Jan 2018	Amendment entry		In force 17 Jan 2018	PDF
Ä 10109076 / 11 30 Nov 2017	Amendment entry		In force 30 Nov 2017	PDF
Ä 10109076 / 10 4 Jan 2017	Amendment entry		In force 4 Jan 2017	PDF
Ä 10109076 / M2 30 Dec 2016	Ruling to eliminate deficiencies	29 Jan 2017	Deficiencies eliminated 4 Jan 2017	PDF
Ä 10109076 / 9 19 Sep 2016	Amendment entry		In force 19 Sep 2016	PDF
Ä 10109076 / 8 5 Apr 2016	Amendment entry		In force 5 Apr 2016	PDF
Ä 10109076 / 7 13 Jan 2016	Amendment entry		In force 13 Jan 2016	PDF
Ä 10109076 / 6 16 Sep 2014	Amendment under Commercial Code § 525 (2)		In force 16 Sep 2014	PDF
Ä 10109076 / 5 22 Feb 2012	Amendment under Commercial Code § 525 (2)		In force 22 Feb 2012	PDF
Ä 109076 / 4 20 Nov 2008	Amendment entry		In force 20 Nov 2008	PDF
Ä 109076 / M1 18 Nov 2008	Ruling to eliminate deficiencies (to be served)	18 Dec 2008	In force 18 Nov 2008	PDF
Ä 109076 / 3 18 Oct 2007	Amendment entry		In force 18 Oct 2007	PDF
Ä 109076 / 2 18 Jun 2007	Amendment entry		In force 19 Jun 2007	PDF
Ä 109076 16 May 2007	First entry		In force 16 May 2007	PDF

Sources: e-Äriregister and EMTA. Data updated 31 Oct 2026. Open at the source ↗ · Report an error in the data

Osaühing Baltfarma

Position in the industry Wholesale trade · EMTAK 46

Taxes and turnover

Financials by year

Financial ratios for 2025

Annual reports

Board

Right of representation

Owners

Beneficial owners

Founders and other persons

Related companies

Activities (EMTAK)

Rulings 59