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Tegevusaruanne 2024

1. General Information

Company Name: Ubbie Studio OÜ

Registry Code: 16911979

Legal Form: Private Limited Company (Osaühing - OÜ)

Registered Address: C/Virgen de la Cabeza 48-2, 46014, Valencia, Spain

Main Area of Activity (EMTAK code and description): 62021 IT consulting 2. Overview of Operations

Ubbie Studio OÜ commenced its operations on February 1, 2024. During its first financial year, the company's primary activity involved providing IT consulting services and web development to its clients. The company successfully completed its contractual obligations, focusing on delivering custom software solutions and providing expert advice.

3. Financial Results

For the financial year ended December 31, 2024, the company's total sales revenue amounted to €7,040. The net profit for the period was €6,657.

4. Significant Events During the Financial Year

No significant events outside of regular business operations occurred during the financial year. The company's operations were focused on establishing client relationships and project execution.

5. Future Outlook and Development Activities

In the upcoming financial year, Ubbie Studio OÜ plans to continue its core activities, aiming to expand its client base and increase service offerings. The company is committed to sustainable growth and maintaining high-quality service delivery.

6. Compliance with Net Asset Requirements and Action Plan

As of 31 December 2024, the company's net assets (equity) amounted to -€677, which is less than half of the registered share capital (€1). This situation arose primarily due to significant distributions made to the owner during the company's first year of operation, exceeding the accumulated profits.

The management acknowledges this non-compliance with the requirements of the Estonian Commercial Code (Äriseadustik). To restore compliance with the net asset requirement, the management has planned the following actions:

The company will focus on generating future profits through continued and expanded business operations.

The owner commits to making additional capital contributions to the company in the next fiscal year to increase the share capital and/or cover accumulated losses.

The company will refrain from making further profit distributions until its equity meets and exceeds the legal requirements.