This company's branding has already reached 311 peoplebut no user is tracking his activities.The company has not been rated.and there are no comments either.

Tegevusaruanne 2025

On behalf of SMN PROPERTIES OÜ (Registration No. 16788349)

REPORTING PERIOD: 01.01.2025 - 31.12.2025

BUSINESS ACTIVITIES:

SMN Properties OÜ is engaged in the rental and operation of real estate properties, providing rental accommodation services to tenants. The company's primary activity involves managing rental properties, collecting rental income, and ensuring proper maintenance and operation of rental units in accordance with applicable regulations.

During the reporting period, the company maintained active rental operations, managing multiple rental properties and serving several tenants. The company focuses on providing quality rental accommodation services while maintaining properties in good condition and ensuring compliance with all relevant legal and regulatory requirements.

FINANCIAL PERFORMANCE:

Revenue for the reporting period amounted to 14,786.60 EUR, consisting primarily of rental income (7,940.02 EUR) from property rental activities and other income (6,846.58 EUR) from various property-related services and activities.

Operating expenses totaled 16,654.42 EUR, which includes property operating expenses such as utilities, community fees, cleaning services, property maintenance, professional services, and other business-related costs necessary for the proper operation of rental properties.

The company incurred a net loss of 1,867.82 EUR for the reporting period. This loss is primarily attributable to property operating expenses exceeding rental income, which is common in the early stages of property rental operations. The company has sufficient financial resources and owner support to continue operations and expects improved performance as rental operations mature.

OPERATIONAL HIGHLIGHTS: - Maintained active rental agreements with multiple tenants - Ensured proper property maintenance and compliance with rental regulations - Managed security deposits in accordance with legal requirements - Handled property repairs and maintenance as needed - Maintained proper accounting records and documentation

GOING CONCERN:

The company has adequate financial resources to continue operations. The owner has provided equity contributions to support property operating expenses, demonstrating commitment to the company's continued operations. The company expects to continue its rental property operations in the foreseeable future.

COMPLIANCE:

The company operates in compliance with Estonian laws and regulations governing real estate rental activities. All rental agreements are properly documented, and the company maintains appropriate records of all financial transactions and property-related activities.

Prepared on behalf of SMN PROPERTIES OÜ (Registration No. 16788349)

Management Board Member: Sulaim Mujtaba Najm