Novel Engineering OÜ
RegisteredKey figures
Ratios
2025Summary: Novel Engineering OÜ
What kind of company is it?
Novel Engineering OÜ (registry code 16112238) is a private limited company (OÜ). The company was entered in the Commercial Register in 2020 and has been registered for 5 years. Registered location: Pirita linnaosa, Tallinn, Harju maakond. According to the latest annual report, the main activity is engineering design and consultancy for construction (EMTAK 71121). The company is registered for VAT (VAT number EE102315949).
How is the company doing financially?
Revenue in financial year 2025 was 2 903 532 €, up 41,0% on the previous year (2 059 484 €). From 2020/21 to 2025, revenue grew by an average of 93,2% per year. This is the company's highest revenue among the published years (2020/21–2025). Net profit for financial year 2025 was 226 222 € (7,8% of revenue). The company was profitable in all 5 published financial years. In financial year 2025 the company had 5 employees (4 a year earlier). Revenue per employee was 580 706 €. At the end of financial year 2025, total assets were 907 074 € and equity 518 673 € (57,2% of assets).
What do the latest quarters show?
According to the Tax and Customs Board, turnover in Q3 2026 was 485 822 €, down 44,2% on the same quarter a year earlier. The company had 7 employees in that quarter. Labour taxes paid in the quarter: 29 832 €. Based on labour taxes, the estimated average gross salary in Q3 2026 was about 2630 € per month.
Who runs the company and who owns it?
The management board has 2 members. According to the register, the company has 2 owners. The largest stake (50%) is held by 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 01.07.2026. 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 | 485 822 € | 7 | 29 832 € |
| Q2 2026 | 1 150 479 € | 8 | 28 624 € |
| Q1 2026 | 835 530 € | 7 | 29 914 € |
| Q4 2025 | 792 880 € | 6 | 23 962 € |
| Q3 2025 | 870 337 € | 5 | 22 109 € |
| Q2 2025 | 1 415 592 € | 5 | 25 468 € |
| Q1 2025 | 595 431 € | 6 | 21 808 € |
Source: Tax Board open data — based on VAT returns, may not exactly match revenue in the annual report. Updated quarterly.
Dividends
calculatedDistributed as dividends 40 000 € (12% of distributable profit).
Summary of financial statements2021–2025
| 2020/21 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Sales revenue | 208 484 | 679 420 | 660 108 | 2 059 484 | 2 903 532 |
| Net profit | 87 183 | 132 779 | 44 868 | 234 003 | 226 222 |
| Retained earnings | — | 27 183 | 113 562 | 95 948 | 289 951 |
| Total assets | 104 001 | 196 940 | 247 829 | 650 451 | 907 074 |
| Total liabilities | 14 318 | 34 478 | 86 899 | 318 000 | 388 401 |
| Total equity | 89 683 | 162 462 | 160 930 | 332 451 | 518 673 |
| Employees | 1 | 1 | 2 | 4 | 5 |
| Average gross salary (monthly) | 619 | 2615 | 1974 | 1875 | 2891 |
| Calculated dividend | — | 60 000 | 46 400 | 62 482 | 40 000 |
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 obligations1 note6 clear
Data from public registers, not a credit rating.
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State aid and grants
1 recordState aid and de minimis aid in total 15 000 € (2021). Largest grantors: Riigi Tugiteenuste Keskus (15 000 €).
Show all aid records (1)
| Grantor | Purpose | Amount | Date |
|---|---|---|---|
| Riigi Tugiteenuste Keskus | Muu | 15 000 € | 13.10.2021 |
Source: State Aid and De Minimis Aid Register (Ministry of Finance). For guarantees and loans the amount is the aid element, not the loan amount. View in the register ↗
Annual reportsPDF, XBRL
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Source: e-Business Register (RIK). Files open/download directly from the official register.
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