osaühing Novaress
RegisteredKey figures
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2025Summary: osaühing Novaress
What kind of company is it?
Osaühing Novaress (registry code 10442638) is a private limited company (OÜ). The company was entered in the Commercial Register in 1998 and has been registered for 28 years. Registered location: Kuressaare linn, Saaremaa vald, Saare maakond. According to the latest annual report, the main activity is construction of residential and non-residential buildings (EMTAK 41001). The company is registered for VAT (VAT number EE100955819).
How is the company doing financially?
Revenue in financial year 2025 was 84 513 €, down 14,4% on the previous year (98 751 €). From 2019 to 2025, revenue declined by an average of 9,0% per year. This is the company's lowest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 20 450 €. The company was profitable in 1 of the 7 published financial years. In financial year 2025 the company had 2 employees. Revenue per employee was 42 257 €. At the end of financial year 2025, total assets were 310 310 € and equity 270 336 € (87,1% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 15 099 €, up 14,2% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 677 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 600 € 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 30.06.2026. 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.
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 15 099 € | 1 | 677 € |
| Q2 2026 | 99 775 € | 1 | 1373 € |
| Q1 2026 | 3169 € | 1 | 0 € |
| Q4 2025 | 21 698 € | — | 747 € |
| Q3 2025 | 13 227 € | 1 | 1125 € |
| Q2 2025 | 14 543 € | 1 | 1138 € |
| Q1 2025 | 37 680 € | 1 | 1008 € |
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 137 919 | 135 033 | 106 530 | 98 751 | 84 513 |
| Net profit | 19 168 | −16 031 | −35 539 | −29 278 | −20 450 |
| Retained earnings | 349 267 | 368 435 | 352 404 | 316 864 | 287 586 |
| Total assets | 393 964 | 407 650 | 346 938 | 332 341 | 310 310 |
| Total liabilities | 22 329 | 52 046 | 26 873 | 41 555 | 39 974 |
| Total equity | 371 635 | 355 604 | 320 065 | 290 786 | 270 336 |
| Employees | 2 | 2 | 2 | 2 | 2 |
| Average gross salary (monthly) | 464 | 906 | 853 | — | 352 |
| Calculated dividend | 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.
Risks and obligations1 issue5 clear
Data from public registers, not a credit rating.
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State aid and grants
15 recordsState aid and de minimis aid in total 3913 € (2018–2025). Largest grantors: Eesti Töötukassa (3724 €), Põllumajanduse Registrite ja Informatsiooni Amet (174 €), Riigi Tugiteenuste Keskus (15 €).
Show all aid records (15)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Riigi Tugiteenuste Keskus | Muu | 15 € | 10.01.2025 |
| Eesti Töötukassa | Palgatoetus VTA | 3724 € | 01.04.2022 |
The total also includes 13 tax reductions worth 174 € (e.g. the excise reduction on marked diesel fuel), not listed separately in the table.
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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