Already 5,100 people have seen this company's branding and they are being followed by 19 Storybook user.In average the company has been rated 4.5 points ja kommenteeritud 300 korda.

's activity report 2022

Veloplus OÜ is a small business primarily engaged in the import of bicycles, their spare parts and accessories. We also carry out retail and wholesale sales and maintenance. The main part of the sales is made up of bicycle sales. We have owned the Veloplus retail store since 1997.

For the realization of goods in Estonia, we cooperate with about 50 resellers, in total 26 cities and 15 counties. Also resellers in Latvia and Lithuania.

The largest supplier of goods is the bicycle manufacturer Merida Ind. CO., Ltd. from Taiwan. Goods are also imported from China, USA, France, Switzerland,

Slovakia, Italy, Germany and Denmark. The largest domestic suppliers are AS KG Knutsson and AS Mefo.

The net turnover of Veloplus OÜ was 4.5 million euros in 2022.

In 2023, the same activity will continue, plans are to develop cooperation with existing resellers and to find new ones.

The average number of employees of Veloplus OÜ in 2022 was 13 employees. The labor costs were a total of 362.6 thousand euros.

The board was paid a salary of 27,600 euros in 2022.

The sales activity of Veloplus OÜ is seasonal, due to the nature of the main activity, larger sales volumes fall in the period from March to June. Veloplus OÜ's activities do not have significant environmental and social impacts.

In 2022, interest rates were low, stock market prices do not affect the economic activity of Veloplus OÜ. In connection with this, as the settlement currency of one of the largest trading partners is USD, the USD exchange rate against EUR affects the financial results of Veloplus OÜ.

At the beginning of 2020, the existence of a new coronavirus (COVID-19) was confirmed and the virus spread all over the world, including Estonia, causing the declaration of a state of emergency and problems for companies and economic activity. The spread of the virus in 2022 was no longer so great and did not have a significant impact.

Main financial ratios: 2022 2021

Sales revenue 4472384 4813329

Sales revenue -7 16 growth/decline %

Gross profit margin % 14 19

Net profit 582270 846196

Profit growth/decline -31.2 80.7 %

Net profitability % 13.0 17.6

Long-term obligations 3.3 9.3 coverage ratio

Formulas used in calculating ratios:

Turnover growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100

Gross profit margin (%) = gross profit/sales revenue * 100

Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021* 100

Net profitability (%) = net profit/ sales revenue * 100

Short-term obligations coverage ratio (times) = current assets/short-term obligations

Sven Rebane board member