osaühing Novel ViimistlusRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 86 166 € | 4 | 8896 € |
| Q2 2026 | 38 438 € | 4 | 8809 € |
| Q1 2026 | 32 423 € | 4 | 8999 € |
| Q4 2025 | 113 185 € | 4 | 8694 € |
| Q3 2025 | 107 186 € | 4 | 9143 € |
| Q2 2025 | 84 697 € | 4 | 8236 € |
| Q1 2025 | 114 869 € | 4 | 8231 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 29 999 € (13% of distributable profit).
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 | 228 409 | 214 513 | 256 657 | 200 099 | 201 208 | 260 966 | 149 232 |
| Total non-current assets | 15 646 | 33 367 | 34 494 | 26 611 | 43 499 | 33 517 | 35 653 |
| Total assets | 244 055 | 247 880 | 291 151 | 226 710 | 244 707 | 294 483 | 184 885 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 40 668 | 26 215 | 46 156 | 27 086 | 31 110 | 43 230 | 26 305 |
| Non-current liabilities | — | 14 214 | 11 745 | 9205 | 13 652 | 10 013 | 6170 |
| Total liabilities | 40 668 | 40 429 | 57 901 | 36 291 | 44 762 | 53 243 | 32 475 |
| Share capital | 2555 | 2555 | 2555 | 2555 | 2555 | 2555 | 2555 |
| Retained earnings of previous periods | 176 504 | 200 576 | 204 640 | 210 439 | 187 608 | 197 133 | 208 430 |
| Profit for the year | 24 072 | 4064 | 25 799 | −22 831 | 9526 | 41 296 | −58 831 |
| Reserves and other equity | 256 | 256 | 256 | 256 | 256 | 256 | 256 |
| Total equity | 203 387 | 207 451 | 233 250 | 190 419 | 199 945 | 241 240 | 152 410 |
| Income statement | |||||||
| Sales revenue | 535 620 | 392 688 | 392 982 | 406 955 | 479 017 | 507 095 | 314 085 |
| Operating profit | 23 990 | 4227 | 26 237 | −17 431 | 10 482 | 42 181 | −50 012 |
| EBITDA | 27 620 | 9423 | 34 676 | −8550 | 20 781 | 53 330 | −38 690 |
| Profit before income tax | 24 072 | 4064 | 25 799 | −17 831 | 9526 | 41 296 | −50 369 |
| Profit for the reporting year | 24 072 | 4064 | 25 799 | −22 831 | 9526 | 41 296 | −58 831 |
| Labour costs | 107 734 | 97 826 | 80 737 | 107 501 | 87 619 | 88 944 | 86 121 |
| Depreciation of non-current assets | 3630 | 5196 | 8439 | 8881 | 10 299 | 11 149 | 11 322 |
| Other indicators | |||||||
| Employees | 7 | 5 | 4 | 4 | 4 | 4 | 4 |
| Calculated dividend | — | 0 | 0 | 20 000 | 0 | 0 | 29 999 |
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
Data from public registers, not a credit rating.
Connections graph
Public procurement
2 contractsPublic contracts won worth 175 931 € from 1 contracting authorities (11.06.2024–20.04.2026). Plus 1 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Tartu linna omandis oleva kinnisvara ehitus- ja remonttööde raamhange · Hoonete remondi- ja ehitustööd | Tartu Linnavalitsus | up to 15 000 000 € | 20.04.2026 |
| LA Annike rühmaruumide remonttööd | Tartu Linnavalitsus | 175 931 € | 11.06.2024 |
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: osaühing Novel Viimistlus
Overview
Osaühing Novel Viimistlus (registry code 10288479) is a private limited company (OÜ). The company was entered in the Commercial Register in 1997 and has been registered for 29 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is painting and glazing (EMTAK 43341). The company is registered for VAT (VAT number EE100013997).
Financial results
Revenue in financial year 2025 was 314 085 €, down 38,1% on the previous year (507 095 €). From 2019 to 2025, revenue declined by an average of 8,5% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 58 831 €. The company was profitable in 5 of the 7 published financial years. In financial year 2025 the company had 4 employees. Revenue per employee was 78 521 €. At the end of financial year 2025, total assets were 184 885 € and equity 152 410 € (82,4% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 86 166 €, down 19,6% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 8896 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1480 € per month.
Management and owners
The company has one management board member. The sole owner of the company is a private individual.
Data sources and freshness
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 01.06.2026. 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.