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's activity report 2022

OÜ Nordparts is a rapidly growing company that specializes in the sale of truck body parts through an online store. The company's first year of operation was dedicated to building a stable and loyal customer base. Significant investments have been made in advertising and store development to ensure the company's growth and success.

In the last fiscal year, the company's key financial figures (in EUR) were as follows: Sales revenue was 16,260, business loss was -4,875, net loss for the fiscal year was -4,906, share capital at the end of the year was 2,500, and total assets were 21,076. The company did not disclose the average number of employees, the salary cost of the managing director, or the salary cost of the employees.

Looking ahead to 2023, OÜ Nordparts has set ambitious goals. The company plans to generate sales revenue of 30,000 euros and a business profit of 10,000 euros. In 2022, no remuneration was paid to the board members. In the event of a board member's dismissal, no compensation or benefits are provided.

In terms of the company's key financial ratios for its 2022 economic activity, the return on assets was -23.28% (calculated as net profit/total assets*100), the return on equity was -203.91% (calculated as net profit/average equity*100), and the net profitability was -30.17% (calculated as net profit/net turnover*100). The liquidity ratio (current assets-inventory/short-term liabilities) was 0.17, and the debt ratio (liabilities/assets) was 1.11.

In conclusion, OÜ Nordparts has shown a strong commitment to growth and development, despite facing some financial challenges. The company's focus on building a loyal customer base and investing in advertising and store development has laid a solid foundation for future success. The ambitious goals set for 2023 reflect the company's confidence in its business strategy and its commitment to achieving profitability.