MasterChem OÜ Demonstrates Strong Financial Health and Strategic Expansion in the Chemical Industry
Maardu, Harjumaa – MasterChem OÜ, a leading wholesaler of chemical products, has consistently demonstrated strong financial stability and strategic growth, as evidenced in the latest comprehensive report by Creditinfo Eesti AS. The company, which is headquartered in Maardu, boasts a robust financial position with a notable credit rating of ‘A’ and a very low insolvency probability of 1.4%.
Established in 2001, MasterChem OÜ has grown into a key player in the chemical products sector. The company specializes in the wholesale, and manufacture of various chemical products, including detergents and other cleaning agents. Over the years, it has expanded its operations to include non-specialised wholesale trade and other technical activities.
In 2023, MasterChem OÜ reported a net sales of €1,557,892, maintaining a significant portion of its revenue from exports, which amounted to €106,212. Despite a slight decline in net sales by 2.4% compared to the previous year, the company achieved a remarkable increase in annual profit, reaching €106,212, up 61.5% from the previous year.
The company’s commitment to maintaining a strong balance sheet is evident in its total assets, which increased by 39.9% from the previous year to €1,525,631. This growth is supported by significant investments in tangible assets and careful management of inventory and receivables.
MasterChem OÜ has maintained a consistent policy regarding its capital structure and credit management, which has allowed it to operate with a high degree of financial independence from debt capital. Its equity, amounting to €883,033, represents a significant 57.9% of its total liabilities and equity, underscoring the company’s solid financial foundation.
Further emphasizing its financial prudence, MasterChem OÜ has no outstanding claims or payment defaults as of May 2024, maintaining a clean slate with the Estonian Tax and Customs Board.
As MasterChem OÜ continues to navigate the complexities of the global market, its strategic focus on sustainable growth, financial health, and robust operational strategies positions it as a resilient and forward-looking leader in the industry.