Already 9,153 people have seen this company's branding and they are being followed by 30 Storybook user.In average the company has been rated 4.5 points ja kommenteeritud 76 korda.

's activity report 2022

Lock Force OÜ, an Estonian company established in 2010, has made a name for itself in the field of lock and lock accessories sales, installation, and lock system design. Since 2011, Lock Force has been an authorized representative of ABLOY, a renowned brand in the security industry. The company's dedication to excellence has been recognized twice with the prestigious Estonian Gazelle Company title, a testament to its rapid growth and success.

Lock Force OÜ offers a diverse range of products, ensuring that every door and window manufacturer, builder, or architect can find a solution that suits their needs. The company's primary services for private and business clients include key production, installation, maintenance, and repair of locks and lock accessories. In addition to these services, Lock Force OÜ also specializes in creating master key systems and designing various lock and access solutions. They install, maintain, and repair door automation and door closers. The company is also at the forefront of technology, selling and installing smart access devices and smart locks, catering to the growing demand for advanced security solutions.

Financially, Lock Force OÜ has shown consistent growth over the years. In 2022, the company's sales revenue was 4.07 million EUR, a 7% increase from the previous year's 3.7 million EUR. This growth rate, while slightly lower than the 15% increase seen in 2021, still represents a positive trend. The profit for the fiscal year 2022 was 254.03 thousand EUR, slightly higher than the 242.45 thousand EUR recorded in 2021.

In terms of personnel, the average number of employees at Lock Force OÜ in the fiscal year 2022 was 19, up from 17 in 2021. The labor costs amounted to 373,327 EUR, up from 330,164 EUR in 2021. Additionally, social security costs were 118,633 EUR, a slight increase from 108,913 EUR in 2021.

Key financial ratios for Lock Force OÜ also show a stable financial position. The short-term debt coverage ratio, calculated as current assets divided by short-term liabilities, was 1.78 in 2022, down from 2.29 in 2021. The liquidity ratio, calculated as cash divided by short-term liabilities, improved from 0.08 in 2021 to 0.19 in 2022. The return on assets (ROA), calculated as net profit divided by total assets, was 15% in 2022, down from 21% in 2021. The return on equity (ROE), calculated as net profit divided by total equity, was 33% in 2022, slightly down from 36% in 2021. The sales growth rate was 7% in 2022, down from 15% in 2021.

In conclusion, Lock Force OÜ has demonstrated consistent growth and financial stability over the years, backed by a diverse range of products and services. The company's commitment to innovation and quality has positioned it as a leading player in the Estonian security industry.