Already 1,324 people have seen this company's branding and they are being followed by 24 Storybook user.In average the company has been rated 4.9 points ja kommenteeritud 23 korda.

Strategic decision: We do not want to increase the customer base
Board member Marek Merendi (08.04.2024): "We focus only on high-quality service and maintaining relationships with existing customers. There are no plans to increase the customer base."

's activity report 2022

BTI Service LLC was registered in 2009. Since 2018, the company's main activity has been industrial insulation services and material sales.

The general macroeconomic development in our field of activity in the world is currently on the rise, which positively affects our financial situation.

Our activities are in accordance with environmental protection requirements, confirmed by the ISO 14001:2015 certificate. We commit to following the principles of sustainable development in our activities to reduce environmental impact. We highly value social relationships with both employees and partners. We contribute to the well-being of our employees. Building trust with employees, partners, and customers is a priority.

The risks associated with changes in exchange rates, interest rates, and stock prices during the financial year and the reporting period did not significantly affect the company's economic activity, as we have not invested money in the stock market.

No significant changes occurred in the company during the last financial year.

The board of BTI Service LLC confirms that the company is still operating.

In 2022, the main goal of BTI Service LLC was to adapt its activities to the changed economic environment in Estonia and globally, to further develop service concepts and to optimize costs.

The sales revenue for the last financial year was 4,082,936 euros. The main goal for the next financial year is to increase sales revenue, establish a strong brand, remain competitive in the market, and earn income for the owners. In 2023, various investments are planned to acquire equipment and business software to increase the efficiency and productivity of the company. The economic activity ended with a profit of 88,520 euros in 2022.

The average number of employees during the financial year was 52, as of 31.12.2022, 52 people were employed by the company under an employment contract. Salaries were calculated in the amount of 1,209,727 euros.

During the past reporting period, dividends of 52,400 euros were paid to the shareholders.

The table below shows the main financial ratios and their calculation methodology:

Turnover growth (%) 41% = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100

Gross profit margin (%) 47% = (sales revenue - goods, raw materials, and services)/sales revenue * 100

Operating profitability (%) 2% = operating profit / sales revenue * 100

Profit growth (%) 65% = (net profit 2022 - net profit 2021)/ net profit 2021 * 100

Net profitability (%) 2% = net profit/ sales revenue * 100

Short-term liabilities coverage ratio (times) 1.555 = current assets/short-term liabilities

ROA (%) 11.3% = net profit/ total assets * 100

ROE (%) 28.7% = net profit/ total equity * 100