Already 2,118 people have seen this company's branding and they are being followed by 1 Storybook users.In average the company has been rated 4.0 points but has not been commented.

's activity report 2022

Wire Salad OÜ (hereinafter: the company) was established on November 23, 2020. The main activity of the company is the sale and promotion of innovative digital products such as face yoga, sofa yoga, and pilates exercises. In 2023, the plan is to continue with the same activity.

The company's business activity is not cyclical or seasonal.

The company continued to add new users to its digital applications. The company has for the first time released its own applications in the Google

Play store and Apple's App Store. In addition, the company has expanded into e-commerce and sells items related to its activities, which can be purchased worldwide.

The company is optimistic about the next fiscal year and focuses on creating more digital applications and e-commerce products in the same categories.

The company has done a lot of work on reorganizing its databases and improving the user experience. The company has made significant contributions to a new codebase, design improvements, and video content creation. Near-future plans primarily involve investments in the development of new applications and content creation.

During the reporting year, there have been or are no research and development projects and related expenditures.

During the period of preparation of the annual financial statements, there have been no significant events that are not reflected in the annual financial statements but which significantly affect or may affect the results of the next fiscal years.

In 2022, the average number of full-time equivalent employees of WireSalad OÜ was 3 (2 employees in 2021). The number of board members was 1 (the same in 2021). In 2022, the wage cost with social taxes was 225 thousand euros (37 thousand euros in 2021). The board members did not receive remuneration for the performance of their duties during the reporting year.

Main financial ratios: 01.01.2022-31.12.2022 23.11.2020-31.12.2021

Debt ratio 1.24 0.64

Liquidity ratio 0.81 1.55

ROE -229% 100.0%

Formulas used in the calculation of ratios:

Debt ratio = liabilities / total assets

Liquidity ratio = current assets / short-term liabilities

ROE (%) = net profit (loss) / total equity * 100

In 2022, political tensions escalated into a war between Russia and Ukraine. This conflict has seriously affected global events, negatively impacted commodity prices and financial markets, thereby increasing the volatility of the business environment. The situation remains very unstable and due to the sanctions imposed and restrictions on the business activities of companies operating in the region, consequences for the overall economic environment are expected (primarily in the form of supply and demand chain restrictions). However, it is currently not possible to fully predict the extent of the consequences of these events for the company. The company uses a Ukrainian software developer for the applications listed in the Apple App Store and Google Play store. There is a backup plan in case the developer there cannot provide the service, and no negative financial impact on the business is expected.