Finances

Financial projections, economic indicators, real estate, grants, procurements and asset values of beneficiaries

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The year 2019 was record-breaking for this company, winning the largest procurement - "ERM toiduainete ostmine" - to date with the total value at 3 000 000 euros. Presumably being awarded the public contract allowed to take things easy, because it did not boost the company's turnover much.

On average, one public contract supplies approximately 1/64 of BALBIINO AS's turnover. The loss of income from public contracts would not affect turnover much but no doubt it would keep the company on its toes.

BALBIINO AS has bid in public procurements 17 times to secure winning contracts.

The company is a solid business partner to the state that pays more taxes to the State Treasury in a year than has received in sales turnover from all of its public contracts over time. Like a top-of-the-class student, this company has never in its history failed on its tax and reporting obligations. Neither has it swindled its business partners.