Company · 21.10 · Manufacture of pharmaceutical products

SIA BALTIJAS TERAPEITISKAIS SERVISS

Address confidence: Confirmed

Show on the map Find website Sector: Manufacturing

Turnover · 2025

3.2 M €

-16% vs previous year

Employees

Turnover per employee: 356 k €

Taxes paid · 2024

439 k €

Payroll fund / employees: 19 k €

Payroll fund · 2024 estimate

167 k €

Wage estimate, gross: 1,735 €

Tax breakdown · 2026 Q3

Total paid to VID 116 k €

Personal income tax 9 k €

Social contributions 13 k €

VAT paid · after deductions 94 k €

VAT refunded by the state 0 €

Money paid to and returned by the tax office during the quarter, not tax charged. VAT on purchases is already deducted inside the payment — it does not appear here separately. A refund arises only when deductions exceed the VAT charged on sales: for exporters, intra-EU suppliers, and under the domestic reverse charge (construction, timber, scrap metal), not for every company with large purchases. Compare with the turnover of the same quarter, not of the year.

Quarterly history

Quarter	Total paid to VID	Personal income tax	Social contributions	VAT paid · after deductions	VAT refunded by the state
2026 Q3	116 k €	9 k €	13 k €	94 k €	0 €
2026 Q2	71 k €	9 k €	14 k €	37 k €	0 €
2026 Q1	133 k €	11 k €	17 k €	105 k €	0 €
2025 Q4	106 k €	9 k €	13 k €	70 k €	0 €
2024	439 k €	38 k €	57 k €	—	—
2023	336 k €	36 k €	57 k €	—	—
2022	317 k €	37 k €	59 k €	—	—

Financial health · From the 2025 balance sheet

Net profit86 k €

Total assets572 k €

Equity190 k €

Current ratio1.5

Quick ratio1.2

Debt to equity2.0

Equity ratio33.2%

Return on assets15.0%

Return on equity45.3%

Cross-section against the peer median

Compared with companies under NACE code 21.10 — 11.

Turnover

×56

3.2 M € 57 k €

Employees

×3.0

9 3

Taxes paid

×30

116 k € 4 k €

Payroll

×6.7

167 k € 25 k €

Logarithmic scale

÷10÷3×1×3×10

Position among peers

Turnover

above 82% of peers

Employees

above 55% of peers

This company Peer median · 11

Indicators

Turnover per employee 356 k € ×18.8 of the median

Margin 2.7%

Year on year -16%

Payroll fund estimate 167 k €

Registration number 40003174110

Registered address Rīga, Sēlpils iela 9

panel.caveats

Building coordinate from the State Address Register. Figures come from public registers. Wage, export share and address confidence are estimates and are always labelled as such.

Similar companies

NORTHERN SYNTHESIS

Rīga · 1.8 M €

PHARMIDEA

Olaine · 8.2 M €

Farma PET GIGI

Rīga · 539 k €

Olpha

Olaine · 127 k €

GRINDEKS

Rīga · 110.9 M €

ŠAAR

Rīga · 57 k €

Public contracts

Contracts awarded by public buyers, from the Procurement Monitoring Bureau. Published facts, not estimates.

All time

5.1 M €

won jointly: 3

Contracts

Latest contract: 2026-06-11

Largest buyer

Valsts asinsdonoru centrs

Latest contracts

Filed annual reports

Figures the company filed itself. Bar length shows size within the column; the longest is its best year. An empty cell means no report for that year — not a zero.

Year	Turnover	Net profit	Assets	Employees
2025	3.2 M €	86 k €	572 k €	9
2024	3.8 M €	205 k €	570 k €	9
2023	3.1 M €	40 k €	401 k €	9
2022	2.3 M €	42 k €	533 k €	10
2021	5.6 M €	108 k €	791 k €	7
2020	3.2 M €	140 k €	887 k €	7

Source: annual reports from the Register of Enterprises, as filed. A missing year is a missing report, not a loss.

Foreign trade of the industry · 2025

All companies in division 21 — Manufacture of pharmaceutical products — not this company. Trade by individual firms is not published by law; by industry it is.

Industry goods exports

261.1 M €

Industry goods imports

50.1 M €

Exported most: Chemical products — 256.9 M €, Prepared foodstuffs, beverages, tobacco — 3.9 M €, Textiles and textile articles — 216 k €

Source: Official Statistics of Latvia, table ATN011, goods trade by the activity of the trading enterprise. “Not published” means the figure would identify a single firm — it is not a zero.