Novarc Group AS
Active Registry code 10226774
AS Tallinn Registered 7 Jul 1997
Novarc Group AS is a AS based in Tallinn, registry code 10226774, status: active. Main activity: Constructional engineering-technical designing and consulting. According to EMTA, turnover for Q3 2026 was €408 752 with 28 employees.
Turnover
408 752 €
↑ 14.0% vs Q2 2026
State taxes
153 408 €
↑ 11.6% vs Q2 2026
Labour taxes
84 421 €
↓ 4.4% vs Q2 2026
Employees
28
+2 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 408 752 €above 98% of companiesindustry median 16 250 € · companies in the industry: 2 781
- Labour taxes per employee 3 015 €above 73% of companiesindustry median 1 751 € · companies in the industry: 1 910
- Revenue · 2025 1.5 mn €above 98% of companiesindustry median 23 548 € · companies in the industry: 4 824
- Net profit margin · 2025 8.7 %above 42% of companiesindustry median 15.1 % · companies in the industry: 3 876
Taxes and turnover
- Company
- Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 408 752 | 153 408 | 84 421 | 28 |
| Q2 2026 | 358 588 | 137 453 | 88 329 | 26 |
| Q1 2026 | 379 777 | 152 323 | 84 380 | 27 |
| Q4 2025 | 400 893 | 153 245 | 84 930 | 28 |
| Q3 2025 | 345 200 | 146 483 | 91 750 | 29 |
| Q2 2025 | 387 312 | 139 421 | 93 428 | 27 |
| Q1 2025 | 613 763 | 182 602 | 96 809 | 27 |
| Q4 2024 | 375 780 | 124 971 | 70 704 | 25 |
| Q3 2024 | 399 184 | 152 536 | 95 785 | 21 |
| Q2 2024 | 272 891 | 110 803 | 83 560 | 26 |
| Q1 2024 | 568 852 | 182 788 | 131 383 | 28 |
| Q4 2023 | 636 055 | 187 052 | 137 106 | 30 |
| Q3 2023 | 525 207 | 204 351 | 158 257 | 31 |
| Q2 2023 | 786 917 | 241 452 | 166 281 | 38 |
| Q1 2023 | 764 607 | 255 154 | 172 316 | 41 |
| Q4 2022 | 1 007 099 | 274 318 | 166 425 | 40 |
| Q3 2022 | 543 606 | 210 431 | 151 598 | 41 |
| Q2 2022 | 725 482 | 211 619 | 141 216 | 41 |
| Q1 2022 | 682 882 | 170 072 | 97 801 | 39 |
Labour taxes per employee per month
1 005 €
Turnover per employee in the quarter
14 598 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Architectural and engineering activities; technical testing and analysis (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 1 485 290 | 128 502 | 825 616 | 878 865 | 32 970 | 28 |
| 2024 | 1 510 169 | -101 956 | 834 095 | 1 117 526 | -95 532 | 26 |
| 2023 | 2 759 003 | -190 381 | 1 441 010 | 1 040 425 | 6 424 | 36 |
| 2022 | 2 911 493 | 55 278 | 1 371 032 | 1 060 572 | 174 810 | 39 |
| 2021 | 2 683 065 | -101 310 | 1 301 504 | 1 098 614 | 58 582 | 0 |
| 2020 | 2 434 358 | -644 366 | 1 527 465 | 890 531 | 159 892 | 0 |
| 2019 | 3 960 652 | 24 024 | 1 758 996 | 1 548 326 | 840 372 | 62 |
| 2018 | — | — | — | — | — | 56 |
| 2017 | — | — | — | — | — | 0 |
| 2016 | — | — | — | — | — | 52 |
| 2015 | — | — | — | — | — | 0 |
| 2014 | — | — | — | — | — | 47 |
| 2013 | — | — | — | — | — | 50 |
| 2012 | — | — | — | — | — | 46 |
| 2011 | — | — | — | — | — | 93 |
| 2010 | — | — | — | — | — | 58 |
| 2009 | — | — | — | — | — | 64 |
| 2006 | — | — | — | — | — | 35 |
| 2005 | — | — | — | — | — | 31 |
| 2004 | — | — | — | — | — | 28 |
| 2003 | — | — | — | — | — | 25 |
| 2002 | — | — | — | — | — | 22 |
| 2000 | — | — | — | — | — | 21 |
| 1999 | — | — | — | — | — | 16 |
| 1998 | — | — | — | — | — | 17 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2025
Net profit margin
8.7 %
Net profit / revenue
Return on equity (ROE)
389.8 %
Net profit / equity
Return on assets (ROA)
14.6 %
Net profit / assets
Equity ratio
3.8 %
Equity / assets
Debt ratio
96.2 %
Liabilities / assets
Current ratio
1.41
Current assets / current liabilities
Revenue per employee
53 046 €
Revenue / average full-time employees
Labour cost per employee per month
2 457 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 17 Jun 2026 | Company’s own · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 16 Jun 2025 | Company’s own · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 28 Jun 2024 | Company’s own · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 29 Jun 2023 | Company’s own · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 28 Jun 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 29 Jun 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 2 Jul 2020 | Consolidated · audited | e-Äriregister |
Commercial pledges
| No. | Amount | Pledgee | Period |
|---|---|---|---|
| 4 | 275 030 € | Luminor Bank AS | 3 Mar 2014 – in force |
| 3 | 2 600 000 EEK | Luminor Bank AS | 17 Mar 2008 – in force |
| 2 | 1 800 000 EEK | Luminor Bank AS | 9 Jun 2005 – in force |
| 1 | 450 000 EEK | Luminor Bank AS | 28 Dec 2004 – in force |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Martin MäsakBoard member · since 3 Apr 2024
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Owner in
- 49%
- 100%
Beneficial owners
Founders and other persons
- Ivi KärtAudit firm · 31 Mar 2014
- Audiitorbüroo Rostok & Kärt OÜAudit firm · 31 Mar 2014
- Jüri RassChairman of the supervisory board · 22 Dec 2023
- Aare LeisSupervisory board member · 15 Sep 2022
- HILLAR JOONSupervisory board member · 15 Sep 2022
- Reino RassSupervisory board member · 15 Sep 2022
- Omanikukonto: AKVALIUS OÜShareholder · 60 256 € · 5 Dec 2025
Related companies
Activities (EMTAK)
- 71121Constructional engineering-technical designing and consulting Main
- 68201Rental and operating of own or leased real estate
- 71111Architectural activities
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10014686 / 37 2 Oct 2024 |
Amendment under Code of Civil Procedure § 595¹ (1) | In force 2 Oct 2024 |
||
| Ä 10014686 / 36 2 May 2024 |
Amendment entry | In force 2 May 2024 |
||
| Ä 10014686 / 35 3 Apr 2024 |
Amendment entry | In force 3 Apr 2024 |
||
| Ä 10014686 / 34 5 Jan 2024 |
Amendment entry | In force 5 Jan 2024 |
||
| Ä 10014686 / 33 13 Dec 2023 |
Entry refused | In force 3 Jan 2024 |
||
| Ä 10014686 / 32 25 Sep 2022 |
Amendment entry | In force 25 Sep 2022 |
||
| Ä 10014686 / 31 23 Mar 2021 |
Amendment entry | In force 23 Mar 2021 |
||
| Ä 10014686 / 30 21 Sep 2020 |
Amendment entry | In force 21 Sep 2020 |
||
| Ä 10014686 / M13 27 Aug 2020 |
Ruling to eliminate deficiencies | 26 Sep 2020 | Deficiencies eliminated 14 Sep 2020 |
|
| Ä 10014686 / 29 29 Jun 2020 |
Amendment entry | In force 29 Jun 2020 |
||
| Ä 10014686 / M12 17 Jun 2020 |
Ruling to eliminate deficiencies | 12 Jul 2020 | Deficiencies eliminated 29 Jun 2020 |
|
| Ä 10014686 / 28 1 Jun 2018 |
Amendment entry | In force 1 Jun 2018 |
||
| Ä 10014686 / M11 31 May 2018 |
Ruling to eliminate deficiencies | 20 Jun 2018 | Deficiencies eliminated 31 May 2018 |
|
| K 10014686 / 27 28 Feb 2018 |
Commercial pledge amended | In force 28 Feb 2018 |
||
| K 10014686 / M10 26 Feb 2018 |
Ruling to eliminate deficiencies | 13 Mar 2018 | Deficiencies eliminated 28 Feb 2018 |
|
| Ä 10014686 / 26 16 Jan 2018 |
Amendment entry | In force 16 Jan 2018 |
||
| Ä 10014686 / 25 7 Nov 2017 |
Amendment entry | In force 7 Nov 2017 |
||
| Ä 10014686 / 24 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10014686 / 23 14 Aug 2017 |
Amendment entry | In force 14 Aug 2017 |
||
| Ä 10014686 / M9 2 Aug 2017 |
Ruling to eliminate deficiencies | 16 Aug 2017 | Deficiencies eliminated 13 Aug 2017 |
|
| Ä 10014686 / 22 20 Apr 2017 |
Amendment entry | In force 20 Apr 2017 |
||
| Ä 10014686 / M8 7 Mar 2017 |
Ruling to correct data outside an entry | 6 Apr 2017 | Deficiencies eliminated 14 Mar 2017 |
|
| Ä 10014686 / 21 16 Sep 2016 |
Amendment entry | In force 16 Sep 2016 |
||
| Ä 10014686 / 20 16 Dec 2015 |
Amendment entry | In force 16 Dec 2015 |
||
| Ä 10014686 / 19 2 Feb 2015 |
Entry refused | In force 17 Feb 2015 |
||
| Ä 10014686 / 18 29 Dec 2014 |
Second (constitutive) merger entry | In force 29 Dec 2014 |
||
| K 10014686 / 17 29 May 2014 |
Commercial pledge amended | In force 29 May 2014 |
||
| K 10014686 / 16 3 Mar 2014 |
Commercial pledge entered | In force 3 Mar 2014 |
||
| K 10014686 / 15 3 Mar 2014 |
Commercial pledge amended | In force 3 Mar 2014 |
||
| K 10014686 / 14 3 Mar 2014 |
Commercial pledge amended | In force 3 Mar 2014 |
||
| K 10014686 / 13 3 Mar 2014 |
Commercial pledge amended | In force 3 Mar 2014 |
||
| Ä 10014686 / 12 17 Dec 2012 |
Amendment entry | In force 17 Dec 2012 |
||
| Ä 10014686 / M7 6 Nov 2012 |
Ruling to eliminate deficiencies | 21 Nov 2012 | In force 6 Nov 2012 |
|
| Ä 10014686 / 11 31 Aug 2011 |
Amendment entry | In force 31 Aug 2011 |
||
| Ä 10014686 / M6 20 Jul 2011 |
Ruling to eliminate deficiencies | 30 Sep 2011 | In force 20 Jul 2011 |
|
| Ä 10014686 / M5 20 Jul 2011 |
Ruling to eliminate deficiencies | 30 Sep 2011 | In force 20 Jul 2011 |
|
| Ä 14686 / 10 3 Dec 2008 |
Deletion of activities from the registry card | In force 5 Dec 2008 |
||
| Ä 14686 / 9 21 Apr 2008 |
Amendment entry | In force 21 Apr 2008 |
||
| K 85183 / 5 17 Mar 2008 |
Commercial pledge entered | In force 17 Mar 2008 |
||
| K 85183 / 4 17 Mar 2008 |
Compliance with Commercial Code § 33 (7.1) | In force 17 Mar 2008 |
||
| K 85183 / 3 17 Mar 2008 |
Compliance with Commercial Code § 33 (7.1) | In force 17 Mar 2008 |
||
| Ä 14686 / 8 27 Sep 2007 |
Amendment entry | In force 27 Sep 2007 |
||
| Ä 14686 / M4 7 Sep 2007 |
Ruling to eliminate deficiencies (to be served) | In force 26 Sep 2007 |
||
| Ä 14686 / 7 19 Feb 2007 |
Amendment entry | In force 19 Feb 2007 |
||
| K 85183 / 2 9 Jun 2005 |
Commercial pledge entered | In force | ||
| Ä 14686 / 6 3 Jun 2005 |
Amendment entry | In force | ||
| Ä 14686 / 5 25 May 2005 |
Amendment entry | In force | ||
| K 85183 28 Dec 2004 |
Commercial pledge entered | In force | ||
| Ä 14686 / 4 9 Jun 2004 |
Amendment entry | In force | ||
| Ä 14686 / M3 24 May 2004 |
Ruling to eliminate deficiencies (to be served) | 24 Aug 2004 | In force | |
| Ä 14686 / 3 25 Jul 2003 |
Entry decision on the register’s own initiative | In force | ||
| Ä 14686 / M2 4 Apr 2002 |
Ruling to eliminate deficiencies (to be served) | In force |
Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data