TLFRD Baltics OÜ

Registered
14265877Private limited company (OÜ)Founded 2017

Key figures

457 597 €−2,0%
Revenue 2025
+41,4%
Average annual growth 2019–2025
0200 k400 k600 k2019202020212022202320242025

Ratios

2025

Summary: TLFRD Baltics OÜ

What kind of company is it?

TLFRD Baltics OÜ (registry code 14265877) is a private limited company (OÜ). The company was entered in the Commercial Register in 2017 and has been registered for 9 years. Registered location: Kristiine linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is business and other management consultancy (EMTAK 70201). The company is registered for VAT (VAT number EE101981840).

How is the company doing financially?

Revenue in financial year 2025 was 457 597 €, down 2,0% on the previous year (467 057 €). From 2019 to 2025, revenue grew by an average of 41,4% per year. Net profit for financial year 2025 was 48 461 € (10,6% of revenue). The company was profitable in all 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 228 799 €. At the end of financial year 2025, total assets were 588 921 € and equity 336 537 € (57,1% of assets).

What do the latest quarters show?

According to the Tax and Customs Board, turnover in Q3 2026 was 65 858 €, down 40,8% on the same quarter a year earlier. The company had 2 employees in that quarter. Labour taxes paid in the quarter: 2328 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 870 € per month.

Who runs the company and who owns it?

The company has one management board member. The sole owner of the company is a private individual.

Where does the data come from and how fresh is it?

Register data (name, address, legal form, management board and owners) come from the Commercial Register of the Centre of Registers and Information Systems (RIK); changes are read from RIK every night. Financial figures come from annual reports; the latest report (financial year 2025) was filed on 24.03.2026. Quarterly turnover, employee numbers and labour taxes come from the open data of the Tax and Customs Board (EMTA); latest quarter Q3 2026. Changes, averages and ratios are calculated by entity.ee from open data and are not an official assessment.

Quarterly figures
QuarterRevenueNumber of employeesLabour taxes
Q3 202665 858 €22328 €
Q2 2026146 811 €22271 €
Q1 2026107 365 €22162 €
Q4 2025139 907 €22217 €
Q3 2025111 187 €22217 €
Q2 2025134 126 €22217 €
Q1 2025127 189 €22153 €

Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.

Summary of financial statements2021–2025
20212022202320242025
Sales revenue61 02798 379376 556467 057457 597
Net profit45 07212 30649 17573 02548 461
Retained earnings42 49887 57099 875149 051222 076
Total assets155 473204 334269 334589 532588 921
Total liabilities190338 45854 284301 456252 384
Total equity153 570165 876215 050288 076336 537
Employees12222
Average gross salary (monthly)350433746850900
Calculated dividend00000

A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.

Risks and obligationsAll clear
Register status
Registered
Business Register
Tax debt
None
Tax and Customs Board list of tax debtors
Enforcement and official notices
None
Official Announcements (Ametlikud Teadaanded)
Consumer disputes
None
Consumer Disputes Committee (TTJA)
Annual report filing
3/3 filed
All on time
Business Register · 2023–2025
Commercial pledges
None
Business Register
Share pledges and disposal bans
None
Business Register

Data from public registers, not a credit rating.

Connections graph
100%TLFRD Baltics OÜMykhailo Golub
CompanyPersonShareholderOther roleAdditional linkZoom: Ctrl/⌘ + scroll

State aid and grants

4 records

State aid and de minimis aid in total 959 € (2025–2026). Largest grantors: Ettevõtluse ja Innovatsiooni Sihtasutus (959 €).

Show all aid records (4)
2026552 €
2025407 €
GrantorPurposeAmountDate
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA274 €29.09.2026
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA278 €26.03.2026
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA290 €03.10.2025
Ettevõtluse ja Innovatsiooni SihtasutusT&A VTA117 €11.04.2025

Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗

Annual reportsPDF, XBRL

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Source: e-Business Register (RIK). Files open/download directly from the official register.

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