Norete Grupp OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 2 304 010 € | 3 | 21 243 € |
| Q2 2026 | 433 002 € | 3 | 17 624 € |
| Q1 2026 | 351 925 € | 3 | 15 420 € |
| Q4 2025 | 1 000 556 € | 2 | 24 464 € |
| Q3 2025 | 1 612 767 € | 4 | 24 068 € |
| Q2 2025 | 973 457 € | 4 | 20 500 € |
| Q1 2025 | 1 032 267 € | 5 | 24 905 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 34 000 € (2% 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 | 1 172 173 | 629 269 | 682 624 | 628 090 | 1 397 479 | 1 436 524 | 1 141 962 |
| Total non-current assets | 4002 | 2608 | 22 988 | 244 848 | 490 043 | 667 048 | 1 157 195 |
| Total assets | 1 176 175 | 631 877 | 705 612 | 872 938 | 1 887 522 | 2 103 572 | 2 299 157 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 286 875 | 81 630 | 89 411 | 45 986 | 419 034 | 273 028 | 167 340 |
| Non-current liabilities | — | — | — | — | 77 343 | 68 208 | 58 701 |
| Total liabilities | 286 875 | 81 630 | 89 411 | 45 986 | 496 377 | 341 236 | 226 041 |
| Share capital | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 | 2556 |
| Retained earnings of previous periods | 273 494 | 870 488 | 494 390 | 340 889 | 824 140 | 1 295 333 | 1 725 524 |
| Profit for the year | 612 994 | −323 053 | 118 999 | 483 251 | 564 193 | 464 191 | 344 780 |
| Reserves and other equity | 256 | 256 | 256 | 256 | 256 | 256 | 256 |
| Total equity | 889 300 | 550 247 | 616 201 | 826 952 | 1 391 145 | 1 762 336 | 2 073 116 |
| Income statement | |||||||
| Sales revenue | 3 379 370 | 1 150 825 | 1 823 880 | 3 669 686 | 2 914 189 | 4 531 666 | 4 150 990 |
| Operating profit | 613 054 | −319 178 | 132 123 | 550 051 | 566 969 | 484 958 | 341 861 |
| EBITDA | 615 680 | −317 360 | 132 993 | 553 729 | 599 476 | 552 731 | 420 639 |
| Profit before income tax | 612 994 | −319 169 | 131 668 | 549 370 | 564 193 | 479 331 | 354 370 |
| Profit for the reporting year | 612 994 | −323 053 | 118 999 | 483 251 | 564 193 | 464 191 | 344 780 |
| Labour costs | 96 562 | 79 150 | 86 292 | 130 825 | 145 737 | 188 921 | 184 575 |
| Depreciation of non-current assets | 2626 | 1818 | 870 | 3678 | 32 507 | 67 773 | 78 778 |
| Other indicators | |||||||
| Employees | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
| Calculated dividend | — | 16 000 | 53 045 | 272 500 | 0 | 93 000 | 34 000 |
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
Click a node to see its other connections.
Public procurement
48 contractsPublic contracts won worth 9 668 691 € from 18 contracting authorities (02.01.2024–29.09.2026). Plus 2 framework agreements shared with other suppliers (not included in the total).
Source: Public Procurement Register open data from October 2023. All public tenders
Summary: Norete Grupp OÜ
Overview
Norete Grupp OÜ (registry code 11942544) is a private limited company (OÜ). The company was entered in the Commercial Register in 2010 and has been registered for 16 years. Registered location: Haabersti linnaosa, Tallinn, Harju 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 EE101413127).
Financial results
Revenue in financial year 2025 was 4 150 990 €, down 8,4% on the previous year (4 531 666 €). From 2019 to 2025, revenue grew by an average of 3,5% per year. Net profit for financial year 2025 was 344 780 € (8,3% of revenue). The company was profitable in 6 of the 7 published financial years. In financial year 2025 the company had 5 employees. Revenue per employee was 830 198 €. At the end of financial year 2025, total assets were 2 299 157 € and equity 2 073 116 € (90,2% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 2 304 010 €, up 42,9% on the same quarter a year earlier. The company had 3 employees in that quarter. Labour taxes paid in the quarter: 21 243 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4240 € 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 17.06.2026. 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.