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's activity report 2022

Modulship OÜ is a company based on Estonian capital, whose main activity is freight forwarding.

The company was established on 12.03.2018, since May 2022 the company received its first important orders and since then has been more active compared to previous periods.

No investments in fixed assets took place in 2022. The estimated investments in fixed assets in 2023 are 20 thousand euros.

In the next and the following fiscal year, the company plans to maintain its market position, but the management expects that the field of activity will develop and therefore the company can grow.

As of the date of approval of the annual report, there are no significant post-balance sheet events.

2022. a 2021. a solvency ratio 1,1343 1,0313 current assets/short-term liabilities liquidity 1,1279 1,0313 (current assets-inventory-prepayments)/short-term liabilities immediate liquidity 0,0655 0,0019 (cash+marketable securities)/short-term liabilities