Newsec Property Management Estonia AS
RegisteredKey figures
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2025Summary: Newsec Property Management Estonia AS
What kind of company is it?
Newsec Property Management Estonia AS (registry code 12203487) is a public limited company (AS). The company was entered in the Commercial Register in 2011 and has been registered for 14 years. Registered location: Kesklinna linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is other real estate activities on a fee or contract basis (EMTAK 6832). The company is registered for VAT (VAT number EE101501686).
How is the company doing financially?
Revenue in financial year 2025 was 849 974 €, down 13,5% on the previous year (982 497 €). From 2019 to 2025, revenue grew by an average of 6,4% per year. Net profit for financial year 2025 was 5208 € (0,6% of revenue). The company was profitable in 2 of the 7 published financial years. In financial year 2025 the company had 8 employees (11 a year earlier). Revenue per employee was 106 247 €. At the end of financial year 2025, total assets were 187 160 € and equity 32 533 € (17,4% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 157 312 €, down 25,6% on the same quarter a year earlier. The company had 6 employees in that quarter. Labour taxes paid in the quarter: 46 467 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 4610 € per month.
Who runs the company and who owns it?
The supervisory board has 3 members. The sole owner of the company is Esindajakonto: SWEDBANK AB CLIENTS.
What should you look out for?
In the report for financial year 2020, the auditor pointed to a material uncertainty about the company's ability to continue as a going concern.
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 | 157 312 € | 6 | 46 467 € |
| Q2 2026 | 187 510 € | 7 | 47 845 € |
| Q1 2026 | 144 197 € | 7 | 59 381 € |
| Q4 2025 | 273 424 € | 8 | 57 498 € |
| Q3 2025 | 211 582 € | 9 | 51 444 € |
| Q2 2025 | 276 860 € | 9 | 62 451 € |
| Q1 2025 | 375 056 € | 10 | 77 389 € |
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 | 944 850 | 466 604 | 683 248 | 982 497 | 849 974 |
| Net profit | −1 580 575 | −146 810 | −44 862 | 12 287 | 5208 |
| Retained earnings | −6 575 801 | −8 156 376 | −8 303 186 | −8 348 048 | −8 335 761 |
| Total assets | 427 291 | 333 868 | 343 288 | 365 695 | 187 160 |
| Total liabilities | 4 403 639 | 273 968 | 328 250 | 338 370 | 154 627 |
| Total equity | −3 976 348 | 59 900 | 15 038 | 27 325 | 32 533 |
| Employees | 7 | 6 | 8 | 11 | 8 |
| Average gross salary (monthly) | — | 3245 | 3149 | 2944 | 4431 |
| 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 obligationsAll clear
Data from public registers, not a credit rating.
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Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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