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's activity report 2022

Estonian Clean Houses Ltd was established in 2013. The main activity of Estonian Clean Houses Ltd is the clean development of homes and commercial real estate across Estonia.

In 2022, apartments were developed and sold in Tartu at Klaose 13 and 15, row houses in Pärnu at Vastla 2a and in Haaslava parish at Pargi tee 5. The sale of warehouse boxes in Kambja parish at Mingi tee 5 was started. In 2022, structural changes were completed, with the majority of real estate objects being established by subsidiaries of Estonian Clean Houses Ltd, for example in Tartu at Tervishoiu 17, Lehe 23 and 25, in Kambja parish at Nirgi tee 5 etc.

In 2023, it is planned to legally sell the warehouse boxes at Mingi tee 5 in Kambja parish. There are several plans for the development of residential real estate.

Under the subsidiary of Estonian Clean Houses Ltd, Lehe tn 23 Ltd, apartment buildings at Lehe 23 and 25 will be developed in 2023.

When assessing the macroeconomic operating environment, it should be noted that in 2023, compared to previous years, the selling time of residential real estate will increase, we do not predict a price drop. The selling time of commercial real estate remains the same as before, we do not predict a price drop.

In 2022, there were no employees on a share basis, the work was organized by the board on a voluntary basis.

Financial ratios for the 2021 and 2022 financial years:

Ratio 2022 2021

ROE 12.74% 51.51%

ROA 5.37% 18.02%

Short-term indebtedness coverage ratio 2.51 4.22

Capitalization ratio 0.44 0.58

ROE (%) = Net profit / Equity

ROA (%) = Net profit / Assets

Short-term indebtedness coverage ratio = Current assets / Short-term liabilities

Capitalization ratio = Long-term liabilities / (Long-term liabilities + Equity)