Already 5,998 people have seen this company's branding and they are being followed by 18 Storybook user.In average the company has been rated 4.8 points but has not been commented.

's activity report 2022

Silen Finance OÜ is a company that was established on February 6, 2014. The primary business activity of this company is providing accounting services. The clientele of Silen Finance OÜ is diverse and includes companies from various sectors, including agriculture, regardless of their form of business. The company has identified a niche in the market where businesses find the cost of hiring an accountant to be excessively high. These businesses have come to the realization that anything that is not their core business activity is more efficiently outsourced as a professional service. This is where Silen Finance OÜ steps in, offering expert accounting services to these businesses.

During the reporting period, the sales revenue of Silen Finance OÜ was 62,728 euros. Labour costs constituted 47% of the business expenses, amounting to 22,810 euros. The company invested in fixed assets worth 3,369 euros. The depreciation expense for the period was 2,334 euros. The business profit amounted to 14,393 euros. The company ended the financial year with a profit of 13,591 euros. Silen Finance OÜ operates with a lean team structure, with only one employee on its payroll. No payments have been made to the board member. Despite its lean structure, Silen Finance OÜ continues to operate successfully.

To provide a comprehensive overview of the financial health of Silen Finance OÜ, here are some key financial ratios:For the year 2022, the working capital was 8,580.38 euros, a significant improvement from -2,475.72 euros in 2021. The working capital ratio, which is a measure of the company's short-term liquidity, was 2.72 in 2022, up from 0.62 in 2021. This indicates that the company's ability to meet its short-term obligations has improved significantly.

The turnover rate of receivables, which measures how quickly the company collects cash from its customers, was 11.42 in 2022, up from 7.58 in 2021. This suggests that the company has been able to collect its receivables more quickly.

The proportion of debt in the company's capital structure was 23.54% in 2022, down from 61.80% in 2021. This indicates that the company has been successful in reducing its reliance on borrowed funds.

In conclusion, Silen Finance OÜ has demonstrated strong financial performance and continues to provide valuable accounting services to its clients. The company's financial ratios indicate a healthy financial position, with improvements in liquidity, efficiency, and capital structure.