This company's branding has already reached 3,201 peopleand his is followed by 102 Storybook users.On average, the company has been rated 4.3 points.and commented 22 times.

's activity report 2022

The main activity of Baltic Clean OÜ is the provision of textile material care and laundry services.

The business activity of Baltic Clean OÜ is seasonal in nature due to the increase in workload associated with the service provided, which is typically during the summer months, a common vacation period in the region.

No significant research and development projects or related expenditures were identified during the reporting year.

The economic activity of Baltic Clean OÜ does not have significant environmental and social impacts.

No risks associated with changes in exchange rates, interest rates or stock prices were identified during the financial year or the reporting period.

Baltic Clean OÜ's turnover in 2022 was 5,118,971 euros, which is an increase of 136.25% compared to 2021.

The loss for the reporting year was -68,392 euros.

In the 2022 financial year, Baltic Clean OÜ had an average of 39 employees and the total cost to the workforce was 815,003 euros.

The board member was paid a board member's fee of 7,848 euros in 2022, to which social tax was added.

The preparation of this annual financial report is based on the assumption that the company will continue to operate and that the company has no intention or need to cease operations (Appendix 21).

As of 31.12.2022, the net assets of Baltic Clean OÜ were negative and did not meet the requirements set out in the Commercial Code.

In order to bring the equity of Baltic Clean OÜ into compliance with the requirements of the Commercial Code, a voluntary reserve was established in the equity of Baltic Clean OÜ in 2021, to which loans granted by the parent company were transferred in the amount of 810,000 euros.

In order to bring the equity of Baltic Clean OÜ into compliance with the requirements of the Commercial Code, the parent company is ready to pay the additional missing amount.

Main financial ratios 2022 2021

Sales revenue 5,118,971 2,166,702

Net profit (loss) -68,392 -625,770

Revenue growth (+), decrease (-) (%) 136.25 39.10

Net loss growth (+), decrease (-) (%) -89.07 -10.66

Net profitability (%) -1.34 -28.88

Short-term liabilities coverage ratio (times) 0.40 0.20

ROA (%) -5.15 -55.22

ROE (%) 30.39 101.48

Formulas used in the calculation of ratios:

Revenue growth (+), decrease (-) (%) = (sales revenue 2022 – sales revenue 2021)/ sales revenue 2021 * 100

Net profit growth (+), decrease (-) (%) = (net loss 2022 – net loss 2021)/ net loss 2021 * 100

Net profitability (%) = net profit (loss)/ sales revenue * 100

Short-term liabilities coverage ratio (times) = current assets/short-term liabilities

ROA (%) = net profit (loss)/ total assets * 100

ROE (%) = net profit (loss)/ total equity * 100

Peter Nils Johan Boström

Chairman of the Board