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 - "Ravimite ja meditsiinitarvikute ostmine Viru Vangla apteegile, vanglatele kasutamiseks" - to date with the total value at 2 097 000 euros. But the company did not rest on its laurels, they kept putting in the effort and the turnover for 2019 eclipsed all earlier years.

On average, one public contract supplies approximately 1/13 of BALTFARMA OÜ'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.

BALTFARMA OÜ has bid in public procurements 70 times to secure winning contracts.

All this considered, it is sadly a dubious business partner to the state that, on average, pays taxes to the State Treasury amounting to 68,6% of the sum received in sales turnover from its public contracts. This company has met all its tax and reporting obligations. There are no signs of short-changing business partners either.