This company's branding has already reached 9,067 peopleand his is followed by 36 Storybook users.On average, the company has been rated 4.9 points.and commented 4 times.

Strategic decision: No desire to increase customer base
Board member Jevgeni Astafjev (10.06.2024): "We focus only on providing high-quality service to existing customers and maintaining relationships. We do not plan to increase our customer base."

's activity report 2022

Wallenium OÜ is an international company that develops, sells, manufactures and installs movable partition systems.

The company's product range includes: (cid:127) MDF, plywood and aluminum profile modular partitions (cid:127) full glass partition solutions (cid:127) soundproof folding and sliding walls (cid:127) aluminum/glass revolving doors (cid:127) custom-made room-in-room phone and meeting cabins (cid:127) Silen Space and Chatbox by Silen modular and wheeled phone cabins

Overview of business activities

Wallenium OÜ is the market leader in partition products in Estonia and the only one who exports its own products in such volumes to foreign markets.

The company's 2022 sales revenue was 7.3 million (2021: 5.8 million) euros and the net profit for the financial year was 0.2 million (2021: 0.1 million) euros. Exports accounted for 3.2 million (2021: 2.9 million) euros or about 44% (2021: 49%), most of which was sold to Finland.

Last year, the focus was still on developing and making production more efficient. We continued to improve existing products and develop and test completely new solutions. By the beginning of 2022, we had coped well with the effects of the pandemic, but the availability of materials was rather difficult in the first half of the year and prices were higher. However, difficult times motivated us to review both our work processes and supply chains. Despite turbulent times, the team's morale is high and the growth of orders in the main markets has rather increased.

The average number of employees of the company increased from 35 to 42 during the reporting year. There were no changes in the company's management and supervisory board.

Compared to 2021 in the ratios of 2022:

Ratio 31.12.2022 31.12.2021

Revenue growth (+) / decrease (-),% (sales revenue 2022 - sales revenue 26.0 6.5 2021 / sales revenue 2021 x 100)

Profit growth,% (net profit 2022 - net profit 2021 / 226.2 - net profit 2021 x 100)

Solvency ratio (current assets - inventories - 0.9 1.1 prepayments / short-term liabilities)

Coverage ratio of short-term liabilities 2.0 2.0 (current assets / short-term liabilities)

Net profitability,% (net profit / 2.5 1.0 sales revenue x 100)