This company's branding has already reached 1,500 peopleand his is followed by 22 Storybook users.On average, the company has been rated 4.5 points.but there is no comment.

's activity report 2022

Kummeli Real Estate LLC was established on January 19, 2012 and its main activities are real estate development and leasing of its own real estate. The company does not have branches abroad.

In 2022, properties at Tähetorni 21 and Tähetorni 21m were acquired for leasing purposes, and investments were also made in fixed assets. The building at Kummeli 6a in Tartu was completed and development activities continued

on the properties at Kummeli 4 and Kummeli 4a.

The economic environment deteriorated in 2022 due to the war in Ukraine by Russia and the rise of Euribor, and the sale of new apartments decreased. Despite this, the company concluded new apartment sales contracts and previously concluded contractual sales contracts were realized as real rights contracts.

The number of apartment sales transactions remains low also in 2023, when sales revenue decreases compared to 2022. The company's annual sales revenue is cyclical and depends on the completion of developing apartments and the timing of concluding real rights contracts. From 2024, we forecast a gradual increase in market volume.

As a result of the company's activities, modern apartment buildings are being built and commercial buildings are being renovated, so the social and environmental impact associated with the activities of Kummeli Real Estate LLC is strongly positive.

Considering the low level of external capital involvement, the company's financing risks are minimal.

In 2023, it is planned to continue ongoing real estate developments and, if possible, to acquire additional commercial properties.

In the reporting year, labor costs were €21,332, no remuneration was paid to the board member.

Key financial ratios of Kummeli KV LLC: 2022 2021 1. Sales growth (%) 236.7 -42.1 2. Gross profit margin (%) 16.2 21.21 3. Net profitability (%) 16.2 21.21 4. Short-term liabilities coverage ratio (times) 6.1 3.6 5. ROA (%) 16.9 7.0 6. ROE (%) 18.5 8.2

Formulas used in calculating ratios: 1. Sales growth (%)= (sales revenue 2022- sales revenue 2021) / sales revenue 2021*100 2. Gross profit margin (%)= gross profit / sales revenue*100 3. Net profitability (%) = net profit / sales revenue *100 4. Short-term liabilities coverage ratio (times) = current assets / short-term liabilities 5. ROA (%) = net profit / total assets *100 6. ROE (%) = net profit / total equity *100