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's activity report 2022

Vesmann OÜ, a company with a rich history and a strong presence in the mechanical metalworking industry, was established in the year 1999. The company made its first entry into the business register on the 8th of October, 1999. Over the years, Vesmann OÜ has carved a niche for itself in the industry, specializing in mechanical metalworking, a field denoted by the EMTAK code 25621. This has been the company's primary area of operation throughout the reporting year.

In the financial year of 2022, Vesmann OÜ saw a significant increase in its revenue from various sources. The company generated a sales revenue of 128,145 euros, a substantial increase from the previous year's figure of 88,786 euros. This revenue was accrued from a variety of activities, including the creation of designs, milling of parts, and the manufacturing of various products. This diverse range of activities underscores the company's versatility and adaptability in the ever-evolving mechanical metalworking industry.

The financial performance of Vesmann OÜ in 2022 was commendable. The company's economic activity for the year resulted in a profit of 24,058 euros. This figure represents a significant increase from the profit of 9,335 euros recorded in the previous year, 2021. This upward trend in the company's profitability is a testament to its robust financial management strategies and its commitment to delivering high-quality products and services.

In terms of investments, Vesmann OÜ made significant strides in the reporting period. The company invested in fixed assets worth 131,947 euros, a substantial increase from the 18,849 euros invested in the previous year, 2021. This investment in fixed assets is indicative of the company's commitment to growth and expansion, as well as its confidence in the future of the mechanical metalworking industry.

Looking ahead, Vesmann OÜ has set clear objectives for the next financial year. The company plans to continue operating in the same areas of activity. This strategy is in line with the company's commitment to consistency and its belief in the potential of its current operations.

In conclusion, under the leadership of Vahur Veelaid, a member of the board, Vesmann OÜ has demonstrated a strong performance in the mechanical metalworking industry. The company's financial results, investment activities, and future objectives all point to a promising future. Vesmann OÜ is well-positioned to continue its growth trajectory and make significant contributions to the mechanical metalworking industry.