Novarek OÜ
RegisteredKey figures
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2025Summary: Novarek OÜ
What kind of company is it?
Novarek OÜ (registry code 12778437) is a private limited company (OÜ). The company was entered in the Commercial Register in 2015 and has been registered for 11 years. Registered location: Tartu linn, Tartu maakond. According to the latest annual report, the main activity is electrical installation works (EMTAK 43211). The company is registered for VAT (VAT number EE101829449).
How is the company doing financially?
Revenue in financial year 2025 was 78 884 €, down 15,1% on the previous year (92 962 €). From 2019 to 2025, revenue grew by an average of 8,8% per year. Net profit for financial year 2025 was 3494 € (4,4% of revenue). The company was profitable in 4 of the 7 published financial years. In financial year 2025 the company had 1 employees. Revenue per employee was 78 884 €. At the end of financial year 2025, total assets were 29 635 € and equity 18 381 € (62,0% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 17 621 €, down 27,3% on the same quarter a year earlier. The company had 1 employees in that quarter. Labour taxes paid in the quarter: 1870 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1270 € 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 02.04.2026. 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 | 17 621 € | 1 | 1870 € |
| Q2 2026 | 34 511 € | 1 | 1870 € |
| Q1 2026 | 20 674 € | 1 | 1591 € |
| Q4 2025 | 16 000 € | 1 | 1031 € |
| Q3 2025 | 24 224 € | 1 | 1031 € |
| Q2 2025 | 21 675 € | 1 | 1031 € |
| Q1 2025 | 16 482 € | 1 | 1025 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedNo dividends were distributed.
Summary of financial statements2021–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 68 190 | 87 922 | 61 934 | 92 962 | 78 884 |
| Net profit | −10 634 | −16 840 | 1363 | 8079 | 3494 |
| Retained earnings | 30 418 | 19 784 | 2945 | 4308 | 12 387 |
| Total assets | 36 379 | 11 250 | 16 665 | 28 310 | 29 635 |
| Total liabilities | 14 095 | 5806 | 9857 | 13 423 | 11 254 |
| Total equity | 22 284 | 5444 | 6808 | 14 887 | 18 381 |
| Employees | 1 | 1 | 1 | 1 | 1 |
| Average gross salary (monthly) | 1037 | 1037 | 860 | 851 | 910 |
| Calculated dividend | 4082 | 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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