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's activity report 2022

AUTOHOOLDUSSPETS OÜ, a company that specializes in the maintenance and repair of motor vehicles, began its operations in the year 2022. The company's primary focus is on providing top-notch services in the realm of vehicle maintenance and repair, a niche that has seen significant growth in recent years. In the fiscal year of 2022, AUTOHOOLDUSSPETS OÜ reported a sales revenue of 29,631 euros. This figure, while modest, is a testament to the company's commitment to providing quality services to its clients. The largest expense for the company in 2022 was related to the purchase of materials and services necessary for its primary operations, which amounted to 30,009 euros. This expenditure underscores the company's dedication to investing in high-quality materials and services to ensure the best possible outcomes for its clients.

Despite its best efforts, AUTOHOOLDUSSPETS OÜ ended the year 2022 with a loss of 8,898 euros. This loss, while significant, is not uncommon for companies in their initial years of operation. It's important to note that the company did not have any salaried employees in 2022, and no remuneration was paid to the company's board. This suggests a lean operational model, with the company's leadership likely taking on multiple roles to keep costs low.

In 2022, AUTOHOOLDUSSPETS OÜ made significant investments in fixed assets. The company purchased a balancing bench, a wheel alignment stand, a tire mounting bench, an infrared heater, a 4-post lift, a compressor, two 2-post lifts, and a sandblasting cabinet. These investments indicate the company's commitment to equipping its operations with the latest and most efficient tools and equipment, which will undoubtedly enhance the quality of its services.

As of the balance sheet date of December 31, 2022, the net assets of AUTOHOOLDUSSPETS OÜ do not meet the requirements of § 176 of the Commercial Code. The company plans to increase its net assets through profits in the coming periods, which will bring the net assets into compliance with the requirements of the Commercial Code. If the profits from the following periods do not cover the loss, the shareholder is prepared to increase the share capital of the limited liability company to an extent that would ensure compliance with the requirements of the Commercial Code.

In conclusion, despite facing some financial challenges in its inaugural year, AUTOHOOLDUSSPETS OÜ has demonstrated a strong commitment to investing in quality materials, services, and equipment. The company's strategic investments and lean operational model suggest a promising future, as it continues to navigate the competitive landscape of motor vehicle maintenance and repair.