Table 2.

Summary of the key characteristics of Company “X”

CategoryInformation
Company size55 employees (as of December 31, 2023)
2023 revenue: €4,659,341, 2022 revenue: €4,229,951
2023 net profit: €599,803, 2022 net profit: €343,153
Sector/services offeredAreas served: The company operates across approximately 45 municipalities within the same provincial territory
Services provided:
  • Management of public parking infrastructure, comprising approximately 9,000 on-street parking spaces and six multi-storey parking facilities

  • Oversight and maintenance of the safety and operational efficiency of thermal plant systems

  • Administration of public infrastructure, including the management of a historic building designated for hosting public and private events

  • (Started in 2023) Provision of cemetery services in 13 cemeteries, encompassing site supervision, technical operations, maintenance of burial grounds, as well as cleaning and preservation of the overall decorum of the facilities

Governance featuresThe share capital, amounting to €214,276, is 100% owned by the “X” Municipality, the sole shareholder
The administrative body consists of a sole director
The board of statutory auditors is composed of a chairperson and two standing auditors, along with two alternate auditors. The legal auditor is an external professional appointed in accordance with applicable regulations
Time period analysedThe financial years 2022 and 2023 were analysed
Data sourcesFinancial statements 2022/2023
Source(s): Authors’ own work

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