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's activity report 2022

OÜ RKL Disain, a company established on January 11, 2021, was founded with the primary objective of providing services in the construction sector. The company hit the ground running and immediately commenced operations. The first fiscal year concluded with a modest profit, marking the beginning of a promising journey. Over time, the company has managed to build a solid and loyal customer base, which is a testament to its quality services and customer-centric approach. The fiscal year of 2022 was also concluded with a profit, indicating the company's consistent performance and growth. As we move into the fiscal year of 2023, OÜ RKL Disain is set to continue the activities it has already initiated, with a focus on further expansion and profitability. To provide a more detailed overview of the company's financial performance, let's delve into some key figures from the fiscal years 2021 and 2022. In 2021, the company reported sales revenue of 281,511, which significantly increased to 438,442 in 2022. This substantial increase in sales revenue is a clear indication of the company's growing market presence and its ability to generate higher sales. The net profit for the company also saw a remarkable increase from 982 in 2021 to 153,603 in 2022. This sharp rise in net profit demonstrates the company's effective cost management and its ability to translate higher sales into increased profitability. The company's short-term obligation coverage ratio, which is calculated by dividing current assets by short-term liabilities, was 1.07 in 2021 and increased to 8.21 in 2022. This improvement in the coverage ratio suggests that the company has become more capable of meeting its short-term obligations using its current assets. The Return on Assets (ROA), calculated as net profit divided by total assets times 100, was 2.07% in 2021 and significantly increased to 85.9% in 2022. This increase in ROA indicates that the company has become more efficient at using its assets to generate profits. Similarly, the Return on Equity (ROE), calculated as net profit divided by equity times 100, was 28.2% in 2021 and increased to 97.8% in 2022. This increase in ROE suggests that the company has become more efficient at using its equity to generate profits. In conclusion, the financial performance of OÜ RKL Disain in the fiscal years 2021 and 2022 demonstrates its strong growth potential and its ability to maintain profitability while expanding its operations. As we look forward to the fiscal year 2023, we can expect the company to continue its growth trajectory and deliver even better financial performance.