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's activity report 2022

Eltech Solutions OÜ is a small private capital-based company established in 2011.

The main activities of Eltech Solutions OÜ are: engineering design of electrical installations, consulting, project expertise, regular technical inspection of electrical installations, maintenance; construction of electrical installations including installation, repair; production, configuration and sale of electrical installations and control equipment.

repair, maintenance, and modification of electrical equipment.

In 2022, Eltech Solutions OÜ's sales revenue amounted to 7,300,343 euros

Due to the delay of raw materials, several planned projects were not realized by the end of 2022, therefore part of the reporting period's result will be realized in 2023.

The average number of employees was 29 people and labor costs amounted to 813,710 euros

During the reporting year, the company has made significant additional investments in the development of its products, which would allow offering better and more flexible solutions to customers.

The board of Eltech Solutions OÜ consists of 2 members.

Taking into account business and financial forecasts for the next year, the main goal of Eltech Solutions OÜ is to expand its business in Estonia and enter new markets.

Main financial ratios 2022 2021

Liquidity ratio 1.10 1.17 (current assets / short-term liabilities)

ROA (net profit / total assets) 0.08 -0.05

ROE (net profit / equity) 0.59 -0.16