This company's branding has already reached 21,345 peopleand his is followed by 16 Storybook users.On average, the company has been rated 4.3 points.and commented 4 times.

's activity report 2022

Terasvai OÜ, a renowned company in the construction industry, has been primarily engaged in the establishment of pile foundations. This specialized field of construction involves the creation of deep foundations to support structures, making it a critical aspect of any construction project. Terasvai OÜ has been a key player in this sector, contributing significantly to various construction projects.

In the fiscal year of 2022, Terasvai OÜ demonstrated impressive financial performance. The company reported a net turnover of 831,010 euros, reflecting its strong market presence and the high demand for its services. This figure represents the total revenue generated by the company from its primary business activities, excluding any deductions for returns, allowances, and discounts.

The company's profitability was also commendable, with a profit amounting to 22,126 euros. This figure is a clear indication of the company's effective cost management strategies and its ability to generate a positive return on its investments. It's worth noting that profitability is a key measure of a company's success, and Terasvai OÜ's ability to maintain a positive profit margin is a testament to its strong business acumen and operational efficiency.

Investments are a crucial part of any company's growth strategy, and Terasvai OÜ is no exception. The company invested a substantial amount of 46,854 euros into its fixed assets. These investments could include anything from machinery and equipment to land and buildings, all of which are essential for the company's operations and long-term growth prospects.

In terms of human resources, Terasvai OÜ maintained a lean workforce, employing three workers during the fiscal year. The total labor costs for the company amounted to 68,933 euros. This figure includes all expenses related to employee compensation, such as wages, benefits, and payroll taxes. Despite the small size of its workforce, the company managed to achieve significant results, which speaks volumes about the efficiency and productivity of its employees.

The company also made use of subcontracting, a common practice in the construction industry. This strategy allows companies to leverage the expertise and resources of other firms, thereby enhancing their own capabilities and capacity to handle larger or more complex projects.

Interestingly, no remuneration was paid to the board member of Terasvai OÜ. This could be indicative of the company's commitment to reinvesting its profits back into the business, or it could be a reflection of the board member's personal commitment to the company's success.

In conclusion, Terasvai OÜ's performance in the fiscal year 2022 paints a picture of a robust and efficient company that is well-positioned for future growth. Its strong financial performance, strategic investments, efficient workforce, and effective use of subcontracting all contribute to its success in the competitive construction industry.