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's activity report 2022

TK-Fashion OÜ (hereinafter: the company) was established on 14.01.2009 to represent the Takko brand in Estonia.

The field of activity is retail sale of clothing (EMTAK 47711). The company's stores are located in Tallinn, Tartu, Narva, Kohtla-Järve, Jõhvi, Rakvere,

Pärnu, Haapsalu, Viljandi and Võru. During the reporting period, the company closed a store in the Tasku shopping center in Tartu.

The reporting year has been challenging. Inflation, which was 19.4% in Estonia in the calendar year comparison, had a strong impact on purchasing behavior.

The reporting period ended with a profit of € 259 959 (previous financial year € 284 092). Labor costs, together with taxes, amounted to € 1 498 754 (previous financial year € 1 397 377). No payments were made to the management.

The company complies with environmental regulations and has joined the MTÜ Estonian Recycling Organization.

From the financial ratios, one can highlight the working capital (current assets - short-term liabilities) and the turnover ratio ((current assets - inventories) / short-term liabilities). The working capital is € -44 414 (previous financial year € -72 169). The turnover ratio is 0.32 (previous financial year 0.23). In addition, ROA or return on assets (net profit / total assets), which was 0.10 (previous financial year 0.13). Short-term liabilities exceed the working capital as of 31.01.2023 in the amount of € 44 414, which is caused by short-term debt to the group company but which recovers in the course of normal business activity.