Novert OÜRegistered
Key figures
Ratios
2025Balance sheet structure
Quarterly figures
| Quarter | Revenue | Number of employees | Labour taxes |
|---|---|---|---|
| Q3 2026 | 131 899 € | 4 | 8975 € |
| Q2 2026 | 132 379 € | 4 | 8173 € |
| Q1 2026 | 91 997 € | 4 | 10 436 € |
| Q4 2025 | 175 915 € | 5 | 9275 € |
| Q3 2025 | 110 210 € | 4 | 5927 € |
| Q2 2025 | 73 281 € | 3 | 7134 € |
| Q1 2025 | 61 437 € | 4 | 7886 € |
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
| 2020/21 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Balance sheet — assets | |||||
| Total current assets | 5759 | 12 709 | 49 891 | 36 634 | 83 847 |
| Total non-current assets | — | 6730 | 17 098 | 20 056 | 21 457 |
| Total assets | 5759 | 19 439 | 66 989 | 56 690 | 105 304 |
| Balance sheet — liabilities and equity | |||||
| Current liabilities | 2720 | 6741 | 25 530 | 22 998 | 70 466 |
| Non-current liabilities | — | 2021 | 0 | 1025 | 605 |
| Total liabilities | 2720 | 8762 | 25 530 | 24 023 | 71 071 |
| Share capital | 2500 | 2500 | 2500 | 2500 | 2500 |
| Retained earnings of previous periods | — | 540 | 8176 | 38 960 | 30 166 |
| Profit for the year | 539 | 7637 | 30 783 | −8793 | 1567 |
| Total equity | 3039 | 10 677 | 41 459 | 32 667 | 34 233 |
| Income statement | |||||
| Sales revenue | 74 866 | 117 942 | 339 489 | 307 060 | 436 018 |
| Operating profit | 539 | 7883 | 31 096 | −8496 | 3655 |
| EBITDA | — | 8300 | 32 394 | −6077 | 5819 |
| Profit before income tax | 539 | 7637 | 30 783 | −8793 | 1567 |
| Profit for the reporting year | 539 | 7637 | 30 783 | −8793 | 1567 |
| Labour costs | 18 726 | 32 139 | 63 010 | 86 320 | 81 235 |
| Depreciation of non-current assets | — | 417 | 1298 | 2419 | 2164 |
| Other indicators | |||||
| Employees | 2 | 2 | 3 | 4 | 5 |
| Calculated dividend | — | 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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Public procurement
3 contractsPublic contracts won worth 132 926 € from 2 contracting authorities (28.09.2023–21.04.2026). Plus 1 framework agreements shared with other suppliers (not included in the total).
| Tender | Contracting authority | Amount | Awarded |
|---|---|---|---|
| Tartu linna omandis oleva kinnisvara ehitus- ja remonttööde raamhange · Vee-, kanalisatsiooni- ja küttesüsteemide remonditööd | Tartu Linnavalitsus | up to 700 000 € | 21.04.2026 |
| Tartus, Kastani 1 küttesüsteemi ehitus | Tartu Linnavalitsus | 75 065 € | 07.12.2023 |
| Korterisiseste küttesüsteemide ehitamine Vilja tn 2, Tartu linn 12-korterilises elamus | Tartu linn, Vilja tn 2 korteriühistu | 57 861 € | 28.09.2023 |
Source: Public Procurement Register open data from October 2023. All public tenders
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
Summary: Novert OÜ
Overview
Novert OÜ (registry code 16076809) is a private limited company (OÜ). The company was entered in the Commercial Register in 2020 and has been registered for 6 years. Registered location: Tammiku küla, Põltsamaa vald, Jõgeva maakond. According to the latest annual report, the main activity is installation, repair and maintenance of plumbing and sanitary equipment (EMTAK 43222). The company is registered for VAT (VAT number EE102405257).
Financial results
Revenue in financial year 2025 was 436 018 €, up 42,0% on the previous year (307 060 €). From 2020/21 to 2025, revenue grew by an average of 55,3% per year. This is the company's highest revenue among the published years (2020/21–2025). Net profit for financial year 2025 was 1567 € (0,4% of revenue). The company was profitable in 4 of the 5 published financial years. In financial year 2025 the company had 5 employees (4 a year earlier). Revenue per employee was 87 204 €. At the end of financial year 2025, total assets were 105 304 € and equity 34 233 € (32,5% of assets).
Latest quarterly figures
According to the Tax and Customs Board, turnover in Q3 2026 was 131 899 €, up 19,7% on the same quarter a year earlier. The company had 4 employees in that quarter. Labour taxes paid in the quarter: 8975 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 1490 € per month.
Management and owners
The management board has 2 members. 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 21.04.2026. 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.