ERTEC OÜ

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This company's branding has already reached 43,250 peopleand his is followed by 15 Storybook users.On average, the company has been rated 5.0 points.and comment

ERTEC OÜ current status

This company's branding has already reached 43,250 peopleand his is followed by 15 Storybook users.On average, the company has been rated 5.0 points.and commented 4 times.

's activity report 2022

In the year 2022, the company continued its operations in the installation of heating equipment, construction of boiler houses, and sales of pellet stoves. The services of boiler house and heating equipment construction were offered to both individuals and business entities. Compared to the year 2021, the client base has significantly expanded. The company largely relies on subcontractors for its operations. In terms of revenue, expenses, and profit, the fiscal year saw a sales revenue of 108,720.58 euros, a decrease of approximately 37.1% compared to the 172,972.78 euros earned in 2021. The major expenses incurred were subcontracting costs, material costs, and labor costs. The detailed breakdown of revenues and expenses can be found in the appendices of the report. The cost of doubtful accounts, which are unlikely to be collected, was recorded as an expense of 8,000 euros. The company employs one employee under a contract of employment, with a salary cost of 20,263.41 euros, including a wage cost of 15,144.56 euros. The board of directors is composed of a single member, who did not receive any remuneration. As the company's operating expenses exceeded its revenues, the owner of the company provided a non-refundable loan of 4,400 euros, which is recorded under other business income. The financial year 2022 was a loss-making one, ending with a loss of 13,113.34 euros. This was largely influenced by the costs of doubtful accounts. For the year 2023, the company plans to continue with the installation and construction of heat nodes, better manage costs, and ensure profitable business operations. The company is committed to improving its financial performance and is taking strategic steps to ensure a profitable year ahead.

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