Novel Engineering OÜ

Legal form:: Private limited company
Registry code:: 16112238
VAT no.:: EE102315949
Fiscal-year period:: 01.01 - 31.12
Established:: 01.12.2020 (5 y)
Capital:: 2 500 EUR
Address:: Nurmenuku tee 27, Pirita linnaosa, Tallinn, Harju maakond, 11914
Status:: Registered
E-invoice reception:: e-arveldaja

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Contacts

Phone:: +372 56218650
Phone:: +372 56683076
Email:: info@noveleng.eu

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Industries

PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Architectural & engineering activities; technical testing and analysis
Architectural & engineering activities and technical consultancy
Engineering activities and related technical consultancy
71121 – Construction engineering design and consultancy

Industry TOPNo. 13 of 1273 companies

13.Novel Engineering OÜ3.3M €

Main activity 71121 · turnover over the last 4 quarters

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VAT liability

VAT no.	Start	End
EE102315949	03.12.2020	-

Annual reports

Aggregate data

Year	Period	Submitted	Status
2025	01.01.2025 – 31.12.2025	01.07.2026	Valid	PDF
2024	01.01.2024 – 31.12.2024	05.05.2025	Valid	PDF
2023	01.01.2023 – 31.12.2023	08.03.2024	Valid	PDF
2022	01.01.2022 – 31.12.2022	02.05.2023	Valid	PDF
2021	01.12.2020 – 31.12.2021	01.02.2022	Valid	PDF

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 20.10.2026.

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Tax debt Reports Declarations Court decisions–Official announcements–TTJA decisions–Real estate–.ee domains–Licenses6 Regulations6 Public transactions7 Grants1 State aid1 Public procurement–Holdings in companies–Enforcement proceedings Payment orders

Tax data

Period	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q3	36 592 €	29 832 €	485 822 €−57,8%	7
2026 Q2	100 854 €	28 624 €	1,15 M €+37,7%	8
2026 Q1	100 488 €	29 914 €	835 530 €+5,4%	7
Total 2026:	237 934 €	88 370 €	2,47 M €
2025 Q4	111 254 €	23 962 €	792 880 €−8,9%	6
2025 Q3	77 291 €	22 109 €	870 337 €−38,5%	5
2025 Q2	177 634 €	25 468 €	1,42 M €+138%	5
2025 Q1	60 682 €	21 808 €	595 431 €−13,7%	6
Total 2025:	426 861 €	93 347 €	3,67 M €
2024 Q4	96 313 €	16 534 €	690 123 €−20,0%	5
2024 Q3	73 562 €	8 800 €	862 672 €+91,8%	5
2024 Q2	95 287 €	8 762 €	449 857 €+252%	4
2024 Q1	20 483 €	7 615 €	127 752 €−46,0%	3
Total 2024:	285 645 €	41 711 €	2,13 M €
2023 Q4	14 586 €	7 248 €	236 599 €+18,5%	3
2023 Q3	24 124 €	6 501 €	199 646 €+125%	3
2023 Q2	17 702 €	6 862 €	88 712 €−22,5%	3
2023 Q1	13 383 €	5 733 €	114 444 €−57,5%	2
Total 2023:	69 795 €	26 344 €	639 401 €
2022 Q4	20 353 €	5 733 €	269 109 €+72,8%	2
2022 Q3	18 002 €	3 528 €	155 717 €−3,1%	2
2022 Q2	14 253 €	3 528 €	160 705 €+67,8%	1
2022 Q1	19 984 €	3 528 €	95 766 €+65,4%	1
Total 2022:	72 592 €	16 317 €	681 297 €
2021 Q4	5 240,53 €	1 516 €	57 914,50 €−10,7%	1
2021 Q3	4 488,42 €	240,08 €	64 886,76 €−11,3%	1
2021 Q2	3 931,82 €	0 €	73 123 €+1 529%	-
2021 Q1	665,48 €	0 €	4 490 €	-
Total 2021:	14 326,25 €	1 756,08 €	200 414,26 €
2020 Q4	-	-	-	-
Total 2020:	0 €	0 €	0 €

Revenue by industry

	2023	2024	2025
Construction engineering design and consultancy	660 108 €	2 059 484 €	2 903 532 €

Tax debts

No tax debt found

No tax debt as of 20.10.2026

Representatives

	Personal ID code
Taavi Toomla	38912XXXXXX	25.12.1989 (36)	Board member	04.08.2021	-
Siim Toom	38506XXXXXX	22.06.1985 (41)	Board member	01.12.2020	-

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Shareholders

	Personal ID code
Taavi Toomla	38912XXXXXX	25.12.1989 (36)	Shareholder	1 250 EUR	50,00%	Sole ownership	02.09.2023	-
Siim Toom	38506XXXXXX	22.06.1985 (41)	Shareholder	1 250 EUR	50,00%	Sole ownership	02.09.2023	-

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Other persons

	Personal ID code
Siim Toom	38506XXXXXX	22.06.1985 (41)	Founder	30.11.2020	-
Taavi Toomla	38912XXXXXX	25.12.1989 (36)	Founder	30.11.2020	-

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Ultimate beneficial owners

	Personal ID code
Taavi Toomla	38912XXXXXX	25.12.1989 (36)	Direct holding	02.07.2021	-
Siim Toom	38506XXXXXX	22.06.1985 (41)	Direct holding	01.12.2020	-

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Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q3

Turnover

Amount: 485 822 €
Monthly average: 161 941 €
Per employee: 23 134 €
Equity ratio: 6 477,63%

Labour taxes

Turnover ratio: 6,14%
Tax ratio: 81,53%
Monthly average: 9 944 €
Per employee: 1 326 €

State taxes

Monthly average: 12 197 €
Turnover ratio: 7,53%

Estimated salary

Gross salary: 2 454 €
Net salary: 1 999 €

Aggregate data

	2025	2024	2023	2022	2021
Current assets	740 128 €+44,9%	510 698 €+177%	184 600 €+18,6%	155 652 €+76,3%	88 269 €
Non-current assets	166 946 €+19,5%	139 753 €+121%	63 229 €+53,1%	41 288 €+162%	15 732 €
Total assets	907 074 €+39,5%	650 451 €+162%	247 829 €+25,8%	196 940 €+89,4%	104 001 €
Short-term liabilities	317 375 €+19,2%	266 215 €+324%	62 818 €+244%	18 254 €+27,5%	14 318 €
Long-term liabilities	71 026 €+37,2%	51 785 €+115%	24 081 €+48,4%	16 224 €	-
Total liabilities	388 401 €+22,1%	318 000 €+266%	86 899 €+152%	34 478 €+141%	14 318 €
Share or stock capital	-	-	-	-	-
Retained earnings	289 951 €+202%	95 948 €−15,5%	113 562 €+318%	27 183 €+987%	2 500 €
Net profit	226 222 €−3,3%	234 003 €+422%	44 868 €−66,2%	132 779 €+52,3%	87 183 €
Equity	518 673 €+56,0%	332 451 €+107%	160 930 €−0,9%	162 462 €+81,2%	89 683 €
Turnover	2 903 532 €+41,0%	2 059 484 €+212%	660 108 €−2,8%	679 420 €+226%	208 484 €
Profit margin	7,8%	11,4%	6,8%	19,5%	41,8%

Financial ratios

	2022	2021
Profit and cash flow
EBITDA	156 042 €	88 182 €
Liquidity
Current ratio	8,5	6,2
Quick ratio	4,7	6,2
Cash ratio	2,8	5,2
Efficiency
Days sales outstanding (dso)	3,7	3,2
Asset turnover	4,5	2,0
Structure
Debt ratio	0,2	0,1
Profitability
Operating margin	21,8%	41,9%
Net profit margin	19,5%	41,8%
Return on assets (roa)	88,2%	83,8%
Return on equity (roe)	81,7%	97,2%

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Licences & notices


Notice of economic activity	EEH012265	Construction	Valid	09.04.2021	-
Notice of economic activity	EEO004257	Owner’s supervision	Valid	09.04.2021	-
Notice of economic activity	TGT000605	Gas works	Valid	09.04.2021	-
Notice of economic activity	EEP004543	Design / engineering	Valid	25.02.2021	-
Notice of economic activity	TEL003936	Electrical works	Valid	25.02.2021	-

Regulations


Ä 50161376 / 5	02.09.2023	Entry – Amendment entry	-	Entered into force02.09.2023
Ä 50161376 / 4	02.05.2023	Entry – Amendment entry	-	Entered into force02.05.2023
Ä 50161376 / 3	26.08.2021	Entry – Amendment entry	-	Entered into force26.08.2021
Ä 50161376 / M1	16.08.2021	Order to remedy deficiencies – Amendment entry	05.09.2021	Deficiencies remedied26.08.2021
Ä 50161376 / 2	04.08.2021	Entry – Amendment entry	-	Entered into force04.08.2021

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

Court decisions

No court decisions found

The company has no court decisions

Official announcements

No official announcements found

Company has no issued official announcements

Public transactions


15.09.2026	Eesti Töötukassa	496,07 €Received	OTHER GRANTSSocial protection of the unemployed
14.08.2026	Eesti Töötukassa	496,07 €Received	OTHER GRANTSSocial protection of the unemployed
06.07.2026	Järva Vallavalitsus	620 €Received	OPERATING EXPENSESOther economy, incl. economic administration
11.06.2024	Eesti Töötukassa	583,20 €Received	OTHER GRANTSSocial protection of the unemployed
19.09.2022	Järva Vallavalitsus	660 €Received	OPERATING EXPENSESOther housing and municipal-services activities

Funded projects


Novel Engineering OÜ äritegevuse arendamine2014-2020.5.01.21-2750	Ettevõtlikkuse kasvatamine, ettevõtluse kasvu soodustamine, ettevõtluskeskkonna arendamineERDF · Riigi Tugiteenuste Keskus	20.09.2021 – 19.09.20222014-2020	18 750 €support 80,0%	18 750 €	Completed

State aid


13.10.2021	Riigi Tugiteenuste KeskusAid measure 15427	Stardiabi alustava ettevõtluse toetamiseks (VTA) › MuuGrant	15 000 €	15427/2100718

Public procurement contracts

No public procurement contracts found

The company has no public procurement contracts

.ee domains

No domains found

Company has no valid .ee domains

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

Data comes from public registers.