Novarek OÜ is a OÜ based in Tartu linn, registry code 12778437, status: active. Main activity: Electrical installation work. According to EMTA, turnover for Q3 2026 was €17 621 with 1 employees.
Turnover
17 621 €
↓ 48.9%vs Q2 2026
State taxes
3 149 €
↓ 41.3%vs Q2 2026
Labour taxes
1 870 €
↑ 0.0%vs Q2 2026
Employees
1
±0vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Specialised construction activities · EMTAK 43
Turnover · Q3 202617 621 €
above 42% of companies
industry median 23 017 € · companies in the industry: 6 974
Labour taxes per employee1 870 €
above 72% of companies
industry median 1 236 € · companies in the industry: 5 958
Revenue · 202578 884 €
above 66% of companies
industry median 37 328 € · companies in the industry: 10 311
Net profit margin · 20254.4 %
above 51% of companies
industry median 3.9 % · companies in the industry: 8 588
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € Q3 2026: 17 621 € · −48.9% vs Q2 2026 · industry median 23 017 € · above 42% of the industry
Company
Industry median
Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2026: 1 870 € · +0.0% vs Q2 2026 · industry median 1 236 € · above 72% of the industry
Company
Industry median
Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
EmployeesQ3 2026: 1 · +0.0% vs Q2 2026State taxes, € Q3 2026: 3 149 € · −41.3% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
17 621
3 149
1 870
1
Q2 2026
34 511
5 368
1 870
1
Q1 2026
20 674
3 029
1 591
1
Q4 2025
16 000
2 001
1 031
1
Q3 2025
24 224
3 322
1 031
1
Q2 2025
21 675
2 793
1 031
1
Q1 2025
16 482
1 825
1 025
1
Q4 2024
42 053
3 198
1 012
1
Q3 2024
19 103
2 267
1 012
1
Q2 2024
17 660
1 945
1 012
1
Q1 2024
9 095
1 282
1 012
1
Q4 2023
17 251
1 902
1 012
1
Q3 2023
21 307
2 464
1 083
1
Q2 2023
14 589
1 314
1 083
1
Q1 2023
10 649
1 369
1 310
1
Q4 2022
27 050
4 167
1 764
1
Q3 2022
17 179
2 639
1 764
1
Q2 2022
26 636
2 588
1 764
1
Q1 2022
23 505
3 107
1 799
1
Labour taxes per employee per month
623 €
Turnover per employee in the quarter
17 621 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2025
Revenue, € thousand 2025: 78 884 € · −15.1% vs 2024 · industry median 37 328 € · above 66% of the industry
Company
Industry median
Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € 2025: 3 494 € · −56.8% vs 2024 · industry median 561 € · above 64% of the industry
Company
Industry median
Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2025: 4.4 % · −4.3 pp vs the year before · industry median 3.9 % · above 51% of the industry
Company
Industry median
Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € 2025: 29 635 € · +4.7% vs 2024Equity, € 2025: 18 381 € · +23.5% vs 2024Employees2025: 1 · +0.0% vs 2024 · industry median 1 · above 5% of the industry
Company
Industry median
Industry: Specialised construction activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Financials by year
Year
Revenue, €
Net profit, €
Labour costs, €
Assets, €
Equity, €
Employees
2025
78 884
3 494
14 605
29 635
18 381
1
2024
92 962
8 079
13 656
28 310
14 887
1
2023
61 934
1 363
13 814
16 665
6 808
1
2022
87 922
-16 840
16 656
11 250
5 444
1
2021
68 190
-10 634
16 656
36 379
22 284
1
2020
122 940
21 336
14 782
53 043
37 000
1
2019
47 641
-3 267
14 386
38 350
18 164
1
2018
—
—
—
—
—
1
2017
—
—
—
—
—
1
2016
—
—
—
—
—
1
2015
—
—
—
—
—
1
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
4.4 %
Net profit / revenue
Return on equity (ROE)
19.0 %
Net profit / equity
Return on assets (ROA)
11.8 %
Net profit / assets
Equity ratio
62.0 %
Equity / assets
Debt ratio
38.0 %
Liabilities / assets
Current ratio
2.62
Current assets / current liabilities
Revenue per employee
78 884 €
Revenue / average full-time employees
Labour cost per employee per month
1 217 €
Labour costs / employees / 12 months (incl. employer taxes)
