Novarc Group ASRegistered
Going concern uncertainty. In the 2024 report the auditor pointed to material uncertainty about the company's ability to continue as a going concern.
Qualified audit opinion. 2025 report: Qualified.
Key figures
1 485 290 €−1,6%
Revenue 2025
−15,1%
Average annual change 2019–2025
Ratios
20258,7%
Profit margin
12,5%
EBITDA margin
3,8%
Equity ratio
1,4×
Current ratio
389,8%
Return on equity
2071 €
Average gross salary
Balance sheet structure
Current assetsNon-current assetsLiabilitiesEquity
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q2 2026 | 358 588 € | 27 | 88 329 € |
| Q1 2026 | 379 777 € | 27 | 84 380 € |
| Q4 2025 | 400 893 € | 28 | 84 930 € |
| Q3 2025 | 345 200 € | 29 | 91 750 € |
| Q2 2025 | 387 312 € | 27 | 93 428 € |
| Q1 2025 | 613 763 € | 27 | 96 809 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculated2025
No dividends were distributed.
History
dividend other equity decrease
20250 €
20240 €
20230 €
20220 €
20210 €
20200 €+36 114 € other
Previous year's retained earnings + previous year's profit − current retained earnings.
Summary of financial statements2019–2025
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Balance sheet — assets | |||||||
| Total current assets | 1 311 291 | 679 141 | 944 303 | 913 187 | 895 853 | 952 075 | 814 042 |
| Total non-current assets | 237 035 | 211 390 | 154 311 | 147 385 | 144 572 | 165 451 | 64 823 |
| Total assets | 1 548 326 | 890 531 | 1 098 614 | 1 060 572 | 1 040 425 | 1 117 526 | 878 865 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 696 964 | 608 795 | 1 033 613 | 880 413 | 1 029 722 | 878 235 | 576 944 |
| Non-current liabilities | 10 990 | 121 844 | 6419 | 5349 | 4279 | 334 823 | 268 951 |
| Total liabilities | 707 954 | 730 639 | 1 040 032 | 885 762 | 1 034 001 | 1 213 058 | 845 895 |
| Share capital | 64 000 | 64 000 | 64 000 | 64 000 | 64 000 | 64 000 | 64 000 |
| Retained earnings of previous periods | 794 698 | 818 722 | 174 356 | 73 046 | 128 324 | −63 976 | −165 932 |
| Profit for the year | 24 024 | −644 366 | −101 310 | 55 278 | −190 381 | −101 956 | 128 502 |
| Reserves and other equity | −42 350 | −78 464 | −78 464 | −17 514 | 4481 | 6400 | 6400 |
| Total equity | 840 372 | 159 892 | 58 582 | 174 810 | 6424 | −95 532 | 32 970 |
| Income statement | |||||||
| Sales revenue | 3 960 652 | 2 434 358 | 2 683 065 | 2 911 493 | 2 759 150 | 1 510 169 | 1 485 290 |
| Operating profit | 35 311 | −639 782 | −36 103 | 67 720 | −174 350 | −95 322 | 180 966 |
| EBITDA | 60 636 | −607 138 | −14 228 | 79 666 | −164 622 | −90 350 | 185 224 |
| Profit before income tax | 24 024 | −639 150 | −101 310 | 55 278 | −190 381 | −101 956 | 128 502 |
| Profit for the reporting year | 24 024 | −644 366 | −101 310 | 55 278 | −190 381 | −101 956 | 128 502 |
| Labour costs | 1 758 996 | 1 527 465 | 1 301 504 | 1 371 032 | 1 441 010 | 834 095 | 825 616 |
| Depreciation of non-current assets | 25 325 | 32 644 | 21 875 | 11 946 | 9728 | 4972 | 4258 |
| Other indicators | |||||||
| Employees | 62 | 0 | 0 | 39 | 36 | 26 | 28 |
| Calculated dividend | — | 0 | 0 | 0 | 0 | 0 | 0 |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
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