Govel works OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 0 € | 1 | 4795 € |
| Q2 2026 | — | 1 | 3767 € |
| Q1 2026 | — | 1 | 4807 € |
| Q4 2025 | — | 1 | 2741 € |
| Q3 2025 | — | 1 | 4111 € |
| Q2 2025 | — | 1 | 4111 € |
| Q1 2025 | — | 1 | 2945 € |
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.
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 | 13 928 | 1756 | 12 532 | 9661 | 18 360 | 32 806 | 32 551 |
| Total non-current assets | — | 1429 | 10 867 | 6130 | 4654 | 4654 | 4603 |
| Total assets | 13 928 | 3185 | 23 399 | 15 791 | 23 014 | 37 460 | 37 154 |
| Balance sheet — liabilities and equity | |||||||
| Current liabilities | 1921 | 1454 | 350 | 3680 | 3809 | 3251 | 13 198 |
| Non-current liabilities | — | — | — | — | 0 | 0 | 0 |
| Total liabilities | 1921 | 1454 | 350 | 3680 | 3809 | 3251 | 13 198 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | 0 | 9507 | −797 | 19 573 | 8103 | 14 792 | 31 709 |
| Profit for the year | 9507 | −10 276 | 21 347 | −9962 | 8602 | 16 917 | −10 253 |
| Total equity | 12 007 | 1731 | 23 049 | 12 111 | 19 205 | 34 209 | 23 956 |
| Income statement | |||||||
| Sales revenue | 27 216 | 33 083 | 42 425 | 130 229 | 105 785 | 140 727 | 219 822 |
| Operating profit | 9507 | −10 276 | 21 347 | −9957 | 8602 | 16 917 | −10 265 |
| Profit before income tax | 9507 | −10 276 | 21 347 | −9957 | 8602 | 16 917 | −10 253 |
| Profit for the reporting year | 9507 | −10 276 | 21 347 | −9962 | 8602 | 16 917 | −10 253 |
| Labour costs | 2776 | 9993 | 7286 | 14 053 | 17 216 | 22 955 | 26 733 |
| Depreciation of non-current assets | — | — | — | — | — | — | — |
| Other indicators | |||||||
| Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calculated dividend | — | 0 | 0 | 976 | 1508 | 1913 | 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 note4 clear
Data from public registers, not a credit rating.
Connections graph
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Govel works OÜ
Overview
Govel works OÜ (registry code 14758114) is a private limited company (OÜ). The company was entered in the Commercial Register in 2019 and has been registered for 7 years. Registered location: Karksi-Nuia linn, Mulgi vald, Viljandi maakond. According to the latest annual report, the main activity is electrical installation works (EMTAK 43211). The company is registered for VAT (VAT number EE102999543).
Financial results
Revenue in financial year 2025 was 219 822 €, up 56,2% on the previous year (140 727 €). From 2019 to 2025, revenue grew by an average of 41,6% per year. This is the company's highest revenue among the published years (2019–2025). Financial year 2025 ended with a loss of 10 253 €. 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 219 822 €. At the end of financial year 2025, total assets were 37 154 € and equity 23 956 € (64,5% of assets).
Latest quarterly figures
According to the Tax and Customs Board, the company declared no turnover in Q3 2026. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2940 € 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 14.06.2026. 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.