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Novarc Group AS

Legal form:

Public limited company

Registry code:

10226774

VAT no.:

EE100121397

Fiscal-year period:

01.01 - 31.12

Established:

07.07.1997 (28)

Former business names:

Aktsiaselts EA RENG

Capital:

64 000 EUR

Address:

A. H. Tammsaare tee 92, Mustamäe linnaosa, Tallinn, Harju maakond, 13423

Status:

Registered

Contacts

Email:

novarc@novarc.ee

Phone:

+372 6260000

Website:

https://novarc.ee/

Industries

REAL ESTATE ACTIVITIES
Real estate activities
68201 - Renting and operating of own or leased real estate
PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Architectural & engineering activities; technical testing and analysis
Architectural & engineering activities and technical consultancy
71111 - Architectural activities
Engineering activities and related technical consultancy
71121 - Construction engineering design and consultancy

VAT liability

	Start	End
EE100121397	01.01.1994

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	Due date 30.06.2026
2024	01.01.2024 - 31.12.2024	16.06.2025	Valid
2023	01.01.2023 - 31.12.2023	28.06.2024	Valid
2022	01.01.2022 - 31.12.2022	29.06.2023	Valid
2021	01.01.2021 - 31.12.2021	28.06.2022	Valid
2020	01.01.2020 - 31.12.2020	29.06.2021	Valid
2019	01.01.2019 - 31.12.2019	02.07.2020	Valid
2018	01.01.2018 - 31.12.2018	20.06.2019	Valid
2017	01.01.2017 - 31.12.2017	25.06.2018	Valid
2016	01.01.2016 - 31.12.2016	21.06.2017	Valid
2015	01.01.2015 - 31.12.2015	21.06.2016	Valid
2014	01.01.2014 - 31.12.2014	29.06.2015	Valid
2013	01.01.2013 - 31.12.2013	20.06.2014	Valid
2012	01.01.2012 - 31.12.2012	19.06.2013	Valid
2011	01.01.2011 - 31.12.2011	25.06.2012	Valid
2010	01.01.2010 - 31.12.2010	30.06.2011	Valid
2009	01.01.2009 - 31.12.2009	29.06.2010	Valid
2008	01.01.2008 - 31.12.2008	02.07.2009	Valid
2007	01.10.2006 - 31.12.2007	01.07.2008	Valid
2006	01.10.2005 - 30.09.2006	12.03.2007	Valid
2005	01.10.2004 - 30.09.2005	14.03.2006	Valid
2004	01.10.2003 - 30.09.2004	02.02.2005	Valid
2003	01.10.2002 - 30.09.2003	26.03.2004	Valid
2002	01.10.2001 - 30.09.2002	24.03.2003	Valid
2001	01.01.2001 - 31.12.2001	Not submitted (deadline 30.06.2002)
2000	01.10.1999 - 30.09.2000	30.03.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 04.06.2026.

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Credit rating

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020406080100

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Tax debt

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	152 323 €	84 380 €	379 777 €5.3%	27
Kokku 2026:	152 323 €	84 380 €	379 777 €
2025 Q4	153 207 €	84 930 €	400 893 €16.1%	28
2025 Q3	146 483 €	91 750 €	345 200 €10.9%	29
2025 Q2	139 384 €	93 428 €	387 312 €36.9%	27
2025 Q1	182 602 €	96 809 €	613 763 €63.3%	27
Kokku 2025:	621 676 €	366 917 €	1 747 168 €8.1%
2024 Q4	124 971 €	70 704 €	375 780 €5.9%	25
2024 Q3	152 536 €	95 785 €	399 184 €46.3%	21
2024 Q2	110 803 €	83 560 €	272 891 €52.0%	26
2024 Q1	182 788 €	131 383 €	568 852 €10.6%	28
Kokku 2024:	571 098 €	381 432 €	1 616 707 €40.4%
2023 Q4	187 052 €	137 106 €	636 055 €21.1%	30
2023 Q3	204 351 €	158 257 €	525 207 €33.3%	32
2023 Q2	241 452 €	166 281 €	786 917 €2.9%	40
2023 Q1	255 154 €	172 316 €	764 607 €24.1%	42
Kokku 2023:	888 008 €	633 959 €	2 712 787 €8.3%
2022 Q4	274 318 €	166 425 €	1 007 099 €85.3%	42
2022 Q3	210 431 €	151 598 €	543 606 €25.1%	42
2022 Q2	211 619 €	141 216 €	725 482 €6.2%	39
2022 Q1	170 072 €	97 801 €	682 882 €4.9%	39
Kokku 2022:	866 441 €	557 039 €	2 959 069 €24.7%
2021 Q4	184 686 €	137 534 €	651 174 €18.9%	42
2021 Q3	203 335 €	164 865 €	547 540 €3.9%	43
2021 Q2	176 094 €	143 956 €	569 529 €5.8%	44
2021 Q1	207 411 €	152 528 €	604 882 €13.1%	41
Kokku 2021:	771 526 €	598 884 €	2 373 125 €18.6%
2020 Q4	210 609 €	143 763 €	696 135 €14.5%	45
2020 Q3	120 775 €	77 078 €	607 820 €8.5%	45
2020 Q2	224 872 €	188 524 €	664 225 €29.9%	52
2020 Q1	286 831 €	192 039 €	948 107 €5.6%	60
Kokku 2020:	843 088 €	601 404 €	2 916 287 €25.5%
2019 Q4	253 924 €	191 003 €	1 003 865 €7.9%	60
2019 Q3	311 627 €	206 051 €	1 090 409 €0.1%	61
2019 Q2	279 449 €	157 836 €	1 091 164 €49.2%	56
2019 Q1	239 167 €	151 132 €	731 331 €5.4%	53
Kokku 2019:	1 084 167 €	706 022 €	3 916 769 €18.1%
2018 Q4	231 708 €	154 366 €	773 253 €1.5%	53
2018 Q3	250 170 €	170 739 €	761 516 €6.3%	55
2018 Q2	244 867 €	164 468 €	812 385 €16.1%	57
2018 Q1	282 471 €	190 691 €	968 294 €6.5%	60
Kokku 2018:	1 009 216 €	680 264 €	3 315 448 €17.3%
2017 Q4	266 070 €	168 858 €	909 469 €16.1%	61
2017 Q3	299 575 €	198 212 €	1 083 855 €6.5%	62
2017 Q2	275 096 €	152 560 €	1 159 269 €35.0%	64
2017 Q1	251 787 €	158 142 €	858 816 €6.9%	60
Kokku 2017:	1 092 528 €	677 772 €	4 011 409 €19.4%
2016 Q4	206 435 €	148 673 €	803 466 €8.1%	52
2016 Q3	187 447 €	161 849 €	874 672 €9.1%	52
2016 Q2	241 402 €	148 322 €	801 568 €8.9%	52
2016 Q1	242 587 €	162 780 €	879 707 €18.6%	52
Kokku 2016:	877 871 €	621 624 €	3 359 413 €14.6%
2015 Q4	220 871 €	124 707 €	741 928 €3.3%	49
2015 Q3	172 699 €	120 677 €	717 950 €6.8%	49
2015 Q2	222 114 €	129 418 €	769 954 €9.7%	49
2015 Q1	147 745 €	117 929 €	701 600 €	49
Kokku 2015:	763 429 €	492 731 €	2 931 432 €

Revenue by industry

	2022	2023	2024
Construction engineering design and consultancy	1 888 146 €	1 784 404 €	976 660 €
Architectural activities	991 979 €	942 783 €	510 223 €
Renting and operating of own or leased real estate	31 368 €	31 816 €	23 286 €

Tax debts

No tax debt found

No tax debt as of 04.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Martin Mäsak	38202XXXXXX	17.02.1982 (44)	Board member	03.04.2024	-

9 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
AKVALIUS OÜ	-	31.01.2007 (19)	Shareholder	60 256,00 EUR	94,15	Sole ownership	05.12.2025	-

29 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Jüri Rass	35809XXXXXX	22.09.1958 (67)	Chairman of the supervisory board	22.12.2023	-
Aare Leis	36712XXXXXX	09.12.1967 (58)	Supervisory-board member	15.09.2022	-
Hillar Joon	35305XXXXXX	13.05.1953 (73)	Supervisory-board member	15.09.2022	-
Reino Rass	36104XXXXXX	04.04.1961 (65)	Supervisory-board member	15.09.2022	-
Ivi Kärt	46205XXXXXX	27.05.1962 (64)	Audit firm	31.03.2014	-

19 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 6 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Jüri Rass	35809XXXXXX	22.09.1958 (67)	Direct holding	07.09.2018	-

1 - 1 / 1 rows

Holdings in companies

Company	Registered	Role	Share	%	Type	Start	End
Osaühing Projektkeskus	12.02.1998	Shareholder	3 509,00 EUR	100	Sole ownership	30.12.2024	-
Inseneribüroo Aksiaal OÜ	05.12.1996	Shareholder	6 174,00 EUR	49	Sole ownership	01.09.2023	-

5 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

2026 Q1

Turnover

Amount

379 777 €

Monthly average

126 592 €

Per employee

4 689 €

Equity ratio

197,80%

Labour taxes

Turnover ratio

22,22%

Tax ratio

55,40%

Monthly average

28 127 €

Per employee

1 023 €

State taxes

Monthly average

50 774 €

Turnover ratio

40,11%

Estimated salary

Gross salary

1 964 €

Net salary

1 605 €

Aggregate data

	2024	2023	2022	2021	2020	2019
Current assets	952 075 €6.3%	895 853 €1.9%	913 187 €9.7%	1 011 322 €40.8%	718 189 €46.4%	1 340 571 €
Non-current assets	165 451 €14.4%	144 572 €1.9%	147 385 €98.0%	74 429 €43.6%	132 059 €16.1%	157 404 €
Total assets	1 117 526 €7.4%	1 040 425 €1.9%	1 060 572 €2.3%	1 085 751 €27.7%	850 248 €43.2%	1 497 975 €
Short-term liabilities	878 235 €14.7%	1 029 722 €17.0%	880 413 €14.6%	1 030 636 €68.0%	613 407 €11.7%	695 034 €
Long-term liabilities	334 823 €7 724.8%	4 279 €20.0%	5 349 €60.4%	13 520 €89.5%	128 944 €796.1%	14 390 €
Total liabilities	1 213 058 €17.3%	1 034 001 €16.7%	885 762 €15.2%	1 044 156 €40.7%	742 351 €4.6%	709 424 €
Share or stock capital	64 000 €	64 000 €	64 000 €	64 000 €	64 000 €	64 000 €
Retained earnings	-57 576 €143.4%	132 805 €139.2%	55 532 €144.4%	22 725 €96.7%	688 687 €3.9%	716 295 €
Net profit	-101 956 €46.4%	-190 381 €444.4%	55 278 €222.5%	-45 130 €93.0%	-644 790 €7 910.0%	8 256 €
Equity	-95 532 €1 587.1%	6 424 €96.3%	174 810 €320.3%	41 595 €61.4%	107 897 €86.3%	788 551 €
Turnover	1 510 169 €45.3%	2 759 150 €5.2%	2 911 493 €5.0%	2 771 947 €6.2%	2 609 036 €36.2%	4 087 994 €
Profit margin	-6.75%2.2%	-6.90%463.4%	1.90%216.6%	-1.63%93.4%	-24.71%12 337.1%	0.20%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	-CC IWR	-XWF YJM	WE YTM	-14 228	-607 138
Liquidity
Current ratio	Z.U	B.W	G.Q	0.9	1.1
Quick ratio	I.Q	K.W	F.F	0.9	1.1
Cash ratio	T.G	X.X	X.H	0.0	0.1
Efficiency
Days sales outstanding (dso)	SYN.I	TBT.G	SSD.B	107.3	144.1
Asset turnover	M.U	E.D	Z.O	2.7	2.0
Structure
Debt ratio	P.R	Y.J	P.X	0.9	0.8
Profitability
Operating margin	-G.M%	-V.O%	O.B%	-1.3%	-26.3%
Net profit margin	-B.M%	-D.X%	C.S%	-3.8%	-26.5%
Return on assets (roa)	-R.P%	-XN.O%	O.W%	-10.2%	-52.8%
Return on equity (roe)	-	-W OSN.Z%	BV.U%	-172.9%	-403.0%

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Licences & notices

Type	Number	Field	Status	Start	End
Notice of economic activity	EK10226774-0002	- > Expert assessment of a construction project	Valid	02.06.2025	-
Notice of economic activity	TTV000005	- > Design, installation and maintenance of alarm systems	Valid	31.07.2024	-
Notice of economic activity	EO10226774-0001	- > Owner’s supervision	Valid	02.10.2023	-
Notice of economic activity	FPR000699	- > Design / engineering	Valid	02.09.2022	-
Notice of economic activity	EEP003319	- > Design / engineering	Valid	20.10.2014	-

1 - 5 / 10 rows

Regulations

Regulation no.	Date	Type	Status
Ä 10014686 / 37	02.10.2024	Entry - Amendment entry under NSPA § 595¹ (1)	Entered into force (02.10.2024)
Ä 10014686 / 36	02.05.2024	Entry - Amendment entry	Entered into force (02.05.2024)
Ä 10014686 / 35	03.04.2024	Entry - Amendment entry	Entered into force (03.04.2024)
Ä 10014686 / 34	05.01.2024	Entry - Amendment entry	Entered into force (05.01.2024)
Ä 10014686 / 33	13.12.2023	Negative entry order - Amendment entry	Entered into force (03.01.2024)

1 - 5 / 52 rows

Real estate

No real estate found

Company has no real estate

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Official announcements

Subject	Date
Notices of commercial and non-profit associations and foundations	30.12.2014

1 - 1 / 1 rows

Public transactions

Date	Party	Amount	Classification
15.04.2026	Tartu Linnavalitsus	7 449.68 € Received	OPERATING EXPENSES General economic development projects
24.03.2026	Tartu Linnavalitsus	4 048.36 € Received	OPERATING EXPENSES General economic development projects
20.03.2026	Lääne-Nigula Vallavalitsus	731.60 € Received	OPERATING EXPENSES Road transport
12.03.2026	Tallinna Linnavaraamet	10 044.00 € Received	OPERATING EXPENSES Municipal government
03.03.2026	Riigi Kinnisvara Aktsiaselts	7 365.60 € Received	NON-CURRENT ASSETS Other general services

1 - 5 / 344 rows

.ee domains

Domain	Status	Registered	Expires	End
novarc.ee	Active	26.09.2013	27.09.2026	-
eareng.ee	Active	04.07.2010	21.12.2026	-

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 2 / 2 rows

Enforcement proceedings

No enforcement proceedings found

Company has no active debts with bailiffs

Payment orders

No payment orders found

Company has no court-ordered payment orders