This company's branding has already reached 9,205 peopleand his is followed by 18 Storybook users.On average, the company has been rated 4.9 points.and commented 6 times.

's activity report 2022

Smartecon OÜ was established in 2012 with the aim of providing smart and sustainable energy solutions for households and businesses.

The main activity of Smartecon OÜ is the design and provision of complete solutions for solar parks. We bring to the land and install solar panels, inverters and other important components for the construction of solar parks.

The sales revenue for 2022 remained at the expected level. The year was characterized by a high rise in energy prices, which generated a great interest in renewable energy solutions in the second half of the year. At the same time, the entire sector is still negatively affected by the fact that the main and distribution networks have not been able to maintain sufficient free resources for companies to connect their production equipment to the network.

The widespread adoption of renewable energy certainly has a positive environmental impact, and the company's goal is to be a driver of this positive development.

During the reporting year, 1,000,000 was raised from external investors for business development. The loss for Smartecon OÜ in the reporting year was 394,448 euros, which was expected, as the company expanded abroad and expanded its operations in Estonia during the financial year, which increased operating costs and labor costs.

More employees were hired. The average number of employees is 17 people (9 people in 2021), the total labor costs for the reporting period amount to 764,080 euros. The board of the company consisted of two members as of 31.12.2022, a total of 83,416 euros was calculated for the board.

The loss incurred during the financial year is planned to be covered from the profits of previous periods. For the following periods, we estimate that the company's operations are profitable.

In 2022, we established subsidiaries in Latvia and Lithuania, where several new people have been hired. In the coming years, plans are to invest in both team growth and software and equipment.

The company's key indicators for 2021: 2021 2020

Sales revenue 5,650,963 2,101,640

Net profit -394,448 425,353

Main ratios:

Net profit margin % -7.0 20.2

Return on equity (ROE) % -17.2 25.2

Return on total capital (ROA) % -7.9 18.5

Short-term obligations coverage ratio 2.4 3.9

Formulas used in calculating ratios:

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

Return on equity (ROE) (%) = net profit / equity * 100

Return on total capital (ROA) (%) = net profit / assets *100

Short-term obligations coverage ratio = current assets / short-term obligations