Novads OÜ is a OÜ based in Tallinn, registry code 14038940, status: active. Main activity: Retail sale via mail order houses or via Internet. Its annual report for 2023 shows revenue of €845 233 and 2 employees.
Turnover
—
State taxes
1 052 €
↓ 49.2%vs Q2 2026
Labour taxes
1 129 €
↓ 50.0%vs Q2 2026
Employees
1
±0vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry Retail trade · EMTAK 47
Labour taxes per employee1 129 €
above 43% of companies
industry median 1 201 € · companies in the industry: 4 663
Revenue · 2023845 233 €
above 92% of companies
industry median 20 218 € · companies in the industry: 13 609
Net profit margin · 2023-22.1 %
above 10% of companies
industry median 2.2 % · companies in the industry: 9 771
Taxes and turnover
Q4 2023 – Q3 2026
Turnover, € Q2 2025: 0 € · industry median 24 404 € · above 2% of the industry
Company
Industry median
Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Labour taxes per employee, € Q3 2026: 1 129 € · −50.0% vs Q2 2026 · industry median 1 201 € · above 43% of the industry
Company
Industry median
Industry: Retail trade (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: 1 052 € · −49.2% vs Q2 2026
Figures by quarter
Quarter
Turnover, €
State taxes, €
Labour taxes, €
Employees
Q3 2026
—
1 052
1 129
1
Q2 2026
—
2 072
2 258
1
Q1 2026
—
4 679
5 064
1
Q4 2025
—
7 058
7 600
1
Q3 2025
—
4 687
5 066
2
Q2 2025
—
7 048
7 600
2
Q1 2025
—
6 902
7 455
2
Q4 2024
—
6 616
7 166
2
Q3 2024
—
6 617
7 166
2
Q2 2024
—
6 616
7 166
2
Q1 2024
—
6 615
7 166
2
Q4 2023
—
6 617
7 166
2
Q3 2023
—
6 614
7 166
2
Q2 2023
—
6 622
7 166
2
Q1 2023
—
6 610
7 166
2
Q4 2022
—
6 613
7 166
2
Q3 2022
83 333
8 381
9 077
2
Q2 2022
—
12 704
13 728
2
Q1 2022
200
16 883
18 181
4
Labour taxes per employee per month
376 €
Q3 2026 · calculated from EMTA data
Financials by year
2016 – 2023
Revenue, € thousand 2023: 845 233 € · +3.7% vs 2022 · industry median 20 218 € · above 92% of the industry
Company
Industry median
Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit, € thousand 2023: -187 096 € · +63.0% vs 2022 · industry median 20 € · above 2% of the industry
Company
Industry median
Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Net profit margin, % 2023: -22.1 % · +39.9 pp vs the year before · industry median 2.2 % · above 10% of the industry
Company
Industry median
Industry: Retail trade (the EMTAK division of the main activity). Median: half of the industry is above, half below.
Assets, € thousand 2023: 351 022 € · −34.6% vs 2022Equity, € thousand 2023: 345 381 € · −35.4% vs 2022Employees2023: 2 · +0.0% vs 2022 · industry median 2 · above 50% of the industry
Company
Industry median
Industry: Retail trade (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
2023
845 233
-187 096
67 663
351 022
345 381
2
2022
815 312
-506 097
94 623
536 933
534 977
2
2021
915 683
-696 906
256 647
1 042 859
1 041 074
5
2020
1 285 230
148 569
349 670
1 840 349
1 737 980
8
2019
1 217 314
896 606
224 728
1 678 925
1 586 911
10
2018
—
—
—
—
—
2
2017
—
—
—
—
—
0
2016
—
—
—
—
—
0
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2023
Net profit margin
-22.1 %
Net profit / revenue
Return on equity (ROE)
-54.2 %
Net profit / equity
Return on assets (ROA)
-53.3 %
Net profit / assets
Equity ratio
98.4 %
Equity / assets
Debt ratio
1.6 %
Liabilities / assets
Current ratio
17.91
Current assets / current liabilities
Revenue per employee
422 617 €
Revenue / average full-time employees
Labour cost per employee per month
2 819 €
Labour costs / employees / 12 months (incl. employer taxes)
