Already 6,427 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

Prisv Ehitus OÜ, a construction company based in Estonia, embarked on its entrepreneurial journey on April 16, 2019. The company's primary business activity revolves around the construction of residential and non-residential buildings. Prisv Ehitus OÜ has been offering its services not only in the domestic Estonian market but also in the Finnish market, demonstrating its ability to operate and thrive in different geographical and economic environments.

By the end of the fiscal year 2022, Prisv Ehitus OÜ had a total of 9 full-time employees. This is a testament to the company's growth and its commitment to creating jobs and contributing to the local economy. The company's workforce is undoubtedly one of its most valuable assets, playing a crucial role in its operations and success.

In terms of financial performance, the company achieved a sales revenue of 1.6 million euros in the last fiscal year. This impressive figure reflects the company's strong market presence and its ability to generate substantial revenue. The company's operating and other business expenses amounted to 300,000 euros, while labor costs stood at 723,000 euros. The depreciation of fixed assets accounted for 24,000 euros. Despite these expenses, the company managed to end the fiscal year with a profit of 313,000 euros, indicating its financial health and profitability.

Looking ahead, the management of Prisv Ehitus OÜ has decided to continue its operations in 2023. This decision underscores the company's confidence in its business model and its optimism about future growth prospects.

The company's financial ratios for 2022 and 2021 provide further insights into its financial position and performance. The short-term debt coverage ratio improved from 2.47 in 2021 to 4.18 in 2022, indicating a stronger ability to cover short-term liabilities with current assets. The quick liquidity ratio also improved from 1.12 to 2.03, suggesting an improved ability to meet short-term obligations with liquid assets. The liquidity ratio increased from 2.3 to 3.97, reflecting a better ability to cover short-term liabilities with current assets minus inventory.

The debt ratio decreased from 30.06% in 2021 to 16% in 2022, indicating a reduction in the proportion of the company's assets financed by debt. The equity ratio increased from 69.93% to 83.07%, suggesting an increase in the proportion of the company's assets financed by equity.

In conclusion, Prisv Ehitus OÜ has demonstrated strong performance and growth since its inception. The company's financial ratios reflect its solid financial position and its ability to manage its liabilities and assets effectively. With its decision to continue operations in 2023, Prisv Ehitus OÜ is poised for further growth and success in the construction industry.