Already 317 people have seen this company's branding and they are being followed by 2 Storybook user.In average the company has been rated 4.0 points but has not been commented.

's activity report 2022

VERTIGOGAMES OÜ was established on 27.09.2017, with its main activities being software development and mobile application creation. The company's financial year begins on 01.01 and ends on 31.12. The company's accounting is prepared in accordance with the Accounting Act of the Republic of Estonia and

the Estonian financial reporting standard. In 2023, the company plans to continue operating in the same business area.

Accounting ratios: 2022 2021

Short-term obligation coverage ratio = Current assets / Short-term obligations 0.67 1.05

Solidarity ratio = equity / (total liabilities + equity) -0.48 0.05

Debt ratio = total liabilities / assets x 100% 1.48 0.95

ROA = net profit / total assets x 100% -0.50 0.28

ROE = net profit / equity x 100% -1.03 5.50

The fact that the company's net assets have fallen below the minimum set by law does not, in the opinion of the board, raise doubts about the company's ability to continue operating and does not necessitate the termination of the company's business activities. In the opinion of the board, the company is capable of fulfilling its current obligations to creditors.

If at the end of the current financial year the net asset requirement is not met as a result of the company's business activities, the shareholder will decide on the implementation of measures necessary to restore the net assets, in accordance with the obligation set out in § 176 of the Commercial Code. The board considers it necessary to clarify that the related parties' appendix to the current financial year's report confirms that the company's sole shareholder has a claim of 76,517.73 euros against the company, which consists of loans given to the company by the shareholder and the company's obligation to reimburse the shareholder for expenses incurred on behalf of the company. This claim can be offset, if necessary, by the shareholder's non-monetary contribution to the voluntary equity reserve in order to meet the minimum net asset requirement set by law. If necessary, the owner is ready to contribute additionally.

As of the preparation of the 2022 financial year report, the company's net asset minimum requirement is in accordance with the law.