Already 793 people have seen this company's branding and they are being followed by 60 Storybook user.In average the company has been rated 3.5 points but has not been commented.

's activity report 2022

The company was registered in the Commercial Register in 2011 and its main activity is real estate purchase and sale transactions and real estate development.

The sales revenue in 2022 was 153,637 euros, the balance sheet total as of 31.12.2022 was 8,839,552 euros, equity -287,906 euros.

The company's main business transactions are in euros and therefore the exchange rate risk is minimal. However, the European Central Bank has raised interest rates, which has increased the company's loan interest expense. However, the board currently does not see a major threat to the continuity of the company's operations due to this sharp rise in Euribor.

In 2022, the company was developing apartment buildings at Veskilise 7 and Veskilise 9 in Tallinn. Construction of apartment buildings and necessary infrastructure took place.

At the beginning of 2023, the apartment buildings at Veskilise 7 and Veskilise 9 were completed. Equity will recover after the conclusion of real rights contracts for the sale of apartments at Veskilise 7 and Veskilise 9.

Main financial ratios 2022 2021

Sales revenue (in euros) 153,637 2,562,216

Growth in turnover % -94% 1837%

Net profit (in euros) -364,687 -258

Profit growth (%) -141252% 100%

Net profitability (%) -237% 0%

Equity -287,906 76,781

ROE (%) 127% 0%

Total assets 8,839,552 3,203,961

ROA (%) -4% 0%

Formulas used in calculating ratios: * Growth in turnover (%) = (sales revenue reporting year - sales revenue previous year)/ sales revenue previous year * 100 * Profit growth (%) = (net profit reporting year - net profit previous year)/ net profit previous year * 100 * Net profitability (%) = net profit/ sales revenue * 100 * ROE (%) = net profit/ equity *100 * ROA (%) = net profit/ total assets *100

Rainer Hinno

Board member