Markel-Radio Oy is a limited company based in Kauhava, registered in 1973. In the financial year ending 31.12.2025, revenue was 1,8 M€ and operating profit 53 t€; equity ratio 33.0 %. Its taxable income in 2024 was 7 291 € and its income taxes 1 458 €.
Revenue 20251,8 M€+5 % on the previous year
Operating profit53 t€2,9 % of revenue
Net profit37 t€EBITDA 47 t€
Equity ratio33,0 %quick ratio 0,23
Taxable income 20247 291 €
lower half of its industry
Income taxes 20241 458 €44 t€ in 2020–2024
In business53 yrsregistered 6.4.1973
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 1,8 M€ | 1,7 M€ | 1,8 M€ | 1,8 M€ | 1,8 M€ |
| Revenue change | 4,7 % | -4,4 % | 1,0 % | 2,6 % | – |
| EBITDA | 47 t€ | 35 t€ | 97 t€ | 68 t€ | 17 t€ |
| EBITDA % | 2,5 % | 2,0 % | 5,3 % | 3,7 % | 1,0 % |
| Operating profit | 53 t€ | 28 t€ | 90 t€ | 60 t€ | 8 976 € |
| Operating margin | 2,9 % | 1,6 % | 4,9 % | 3,3 % | 0,5 % |
| Net profit | 37 t€ | 4 007 € | 65 t€ | 44 t€ | 3 478 € |
| Personnel costs | -143 t€ | 195 t€ | 177 t€ | 182 t€ | 172 t€ |
| Equity ratio | 33,0 % | 23,3 % | 21,2 % | 18,4 % | 9,4 % |
| Quick ratio | 0,23 | 0,32 | 0,28 | 0,35 | 0,40 |
| Current ratio | 1,45 | 1,17 | 1,17 | 1,21 | 1,24 |
| Debt to revenue | 16,9 % | 17,6 % | 19,8 % | 21,0 % | 24,7 % |
| Return on equity | 24,0 % | 4,3 % | 66,6 % | 51,3 % | 7,7 % |
| Balance sheet total | 463 t€ | 402 t€ | 459 t€ | 466 t€ | 482 t€ |
| Equity | 153 t€ | 94 t€ | 98 t€ | 86 t€ | 45 t€ |
| Cash and bank | 7 150 € | 15 t€ | 17 t€ | 33 t€ | 25 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,8 M€ | 1,7 M€ | 1,8 M€ | 1,8 M€ | 1,8 M€ |
| Other operating income | – | – | 0 € | 90 € | 0 € |
| Raw materials and services | 1,5 M€ | -1,4 M€ | -1,5 M€ | -1,5 M€ | -1,5 M€ |
| Personnel expenses | 143 t€ | -195 t€ | -177 t€ | -182 t€ | -172 t€ |
| Depreciations and reductions in value | 6 486 € | -7 190 € | -7 334 € | -7 313 € | -8 417 € |
| Other operating expenses | 96 t€ | -93 t€ | -99 t€ | -92 t€ | -114 t€ |
| Operating profit (loss) | 53 t€ | 28 t€ | 90 t€ | 60 t€ | 8 976 € |
| Financial income and expenses + (-) | 6 689 € | -23 t€ | -8 221 € | -4 992 € | -4 713 € |
| Profit (loss) before appropriations and taxes | 46 t€ | 5 465 € | 81 t€ | 55 t€ | 4 264 € |
| Income taxes | 9 738 € | -1 458 € | -16 t€ | -12 t€ | -785 € |
| Profit (loss) for the financial year | 37 t€ | 4 007 € | 65 t€ | 44 t€ | 3 478 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 96 t€ | 41 t€ | 42 t€ | 78 t€ | 85 t€ |
| Stocks | 310 t€ | 263 t€ | 316 t€ | 275 t€ | 270 t€ |
| Receivables | 51 t€ | 83 t€ | 84 t€ | 79 t€ | 103 t€ |
| Cash in hand and at banks | 7 150 € | 15 t€ | 17 t€ | 33 t€ | 25 t€ |
| Current assets | 367 t€ | 362 t€ | 418 t€ | 387 t€ | 397 t€ |
| Assets | 463 t€ | 402 t€ | 459 t€ | 466 t€ | 482 t€ |
| Share capital or other similar capital | 5 887 € | 5 887 € | 5 887 € | 5 887 € | 5 887 € |
| Capital and reserves | 153 t€ | 94 t€ | 98 t€ | 86 t€ | 45 t€ |
| Long-term liabilities | 58 t€ | 0 € | 4 271 € | 60 t€ | 117 t€ |
| Short-term liabilities | 253 t€ | 309 t€ | 358 t€ | 320 t€ | 320 t€ |
| Liabilities | 310 t€ | 309 t€ | 362 t€ | 380 t€ | 437 t€ |
All financial statement items (55)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,8 M€ | 1,7 M€ | 1,8 M€ | 1,8 M€ | 1,8 M€ |
| Other operating income | – | – | 0 € | 90 € | 0 € |
| Raw materials and services | 1,5 M€ | -1,4 M€ | -1,5 M€ | -1,5 M€ | -1,5 M€ |
| Personnel expenses | 143 t€ | -195 t€ | -177 t€ | -182 t€ | -172 t€ |
| Depreciations and reductions in value | 6 486 € | -7 190 € | -7 334 € | -7 313 € | -8 417 € |
| Other operating expenses | 96 t€ | -93 t€ | -99 t€ | -92 t€ | -114 t€ |
| Operating profit (loss) | 53 t€ | 28 t€ | 90 t€ | 60 t€ | 8 976 € |
| Financial income and expenses + (-) | 6 689 € | -23 t€ | -8 221 € | -4 992 € | -4 713 € |
| Profit (loss) before appropriations and taxes | 46 t€ | 5 465 € | 81 t€ | 55 t€ | 4 264 € |
| Income taxes | 9 738 € | -1 458 € | -16 t€ | -12 t€ | -785 € |
| Profit (loss) for the financial year | 37 t€ | 4 007 € | 65 t€ | 44 t€ | 3 478 € |
| Non-current assets | 96 t€ | 41 t€ | 42 t€ | 78 t€ | 85 t€ |
| Stocks | 310 t€ | 263 t€ | 316 t€ | 275 t€ | 270 t€ |
| Receivables | 51 t€ | 83 t€ | 84 t€ | 79 t€ | 103 t€ |
| Cash in hand and at banks | 7 150 € | 15 t€ | 17 t€ | 33 t€ | 25 t€ |
| Current assets | 367 t€ | 362 t€ | 418 t€ | 387 t€ | 397 t€ |
| Assets | 463 t€ | 402 t€ | 459 t€ | 466 t€ | 482 t€ |
| Share capital or other similar capital | 5 887 € | 5 887 € | 5 887 € | 5 887 € | 5 887 € |
| Capital and reserves | 153 t€ | 94 t€ | 98 t€ | 86 t€ | 45 t€ |
| Long-term liabilities | 58 t€ | 0 € | 4 271 € | 60 t€ | 117 t€ |
| Short-term liabilities | 253 t€ | 309 t€ | 358 t€ | 320 t€ | 320 t€ |
| Liabilities | 310 t€ | 309 t€ | 362 t€ | 380 t€ | 437 t€ |
| Finished products | 310 t€ | 263 t€ | 316 t€ | 275 t€ | 270 t€ |
| Investments | 59 t€ | 14 € | 14 € | 37 t€ | 37 t€ |
| Other short-term receivables | – | 0 € | 63 € | 100 € | 13 t€ |
| Other current liabilities | 25 t€ | 35 t€ | 32 t€ | 38 t€ | 21 t€ |
| Retained earnings | 80 t€ | 84 t€ | 27 t€ | -664 € | -543 € |
| Long-term receivables | – | – | 0 € | 4 000 € | 4 000 € |
| Short-term prepayments and accrued income | 16 t€ | 24 t€ | 6 441 € | 11 t€ | 16 t€ |
| Other long-term receivables | – | – | 0 € | 4 000 € | 4 000 € |
| Short-term accounts payable | 185 t€ | 169 t€ | 234 t€ | 192 t€ | 193 t€ |
| Short-term sales receivables | 35 t€ | 58 t€ | 78 t€ | 65 t€ | 70 t€ |
| Reserve for invested non-restricted equity | 30 t€ | 0 € | 0 € | 36 t€ | 36 t€ |
| Purchases during the financial year | 1,5 M€ | -1,3 M€ | -1,5 M€ | -1,5 M€ | -1,5 M€ |
| Profit (loss) for the period, equity | 37 t€ | 4 007 € | 65 t€ | 44 t€ | 3 478 € |
| Short-term receivables | 51 t€ | 83 t€ | 84 t€ | 75 t€ | 99 t€ |
| Interest expenses and other financial expenses for non-Group companies | 6 986 € | -23 t€ | -9 053 € | -5 189 € | -6 399 € |
| Tangible assets | 37 t€ | 41 t€ | 42 t€ | 41 t€ | 48 t€ |
| Wages and salaries | 114 t€ | -162 t€ | -145 t€ | -148 t€ | -139 t€ |
| Receivables from Group companies (investments) | 57 t€ | 0 € | – | – | – |
| Short-term accrued expenses and deferred income | 24 t€ | 36 t€ | 41 t€ | 28 t€ | 39 t€ |
| Liabilities | 463 t€ | 402 t€ | 459 t€ | 466 t€ | 482 t€ |
| Short-term loan receivables | 3 € | 1 802 € | 0 € | – | – |
| Other interest and financial income from non-group companies | 297 € | 242 € | 693 € | 197 € | 1 417 € |
| Other social security expenses | 6 014 € | -6 711 € | -5 205 € | -5 544 € | -2 793 € |
| Long-term liabilities to credit institutions | 58 t€ | 0 € | 4 271 € | 60 t€ | 117 t€ |
| Machinery and equipment | 37 t€ | 41 t€ | 42 t€ | 41 t€ | 48 t€ |
| Depreciations according to plan | 6 486 € | -7 190 € | -7 334 € | -7 313 € | -8 417 € |
| Services purchased | 42 t€ | -41 t€ | -32 t€ | -323 € | -194 € |
| Shares and similar rights of ownership in subsidiaries | 2 000 € | 0 € | – | – | – |
| Short-term liabilities to credit institutions | 18 t€ | 69 t€ | 51 t€ | 61 t€ | 67 t€ |
| Inventory increase (+) or decrease (-) | -46 t€ | -53 t€ | 41 t€ | 5 336 € | 13 t€ |
| Other shares and similar rights of ownership | 14 € | 14 € | 14 € | 37 t€ | 37 t€ |
| Pension expenses | 23 t€ | -27 t€ | -28 t€ | -29 t€ | -30 t€ |
| Income from other investments under non-current assets, from other companies | – | 0 € | 140 € | 0 € | 270 € |
From financial statements filed digitally (XBRL) with the Finnish Patent and Registration Office; ratios calculated from them. Equity ratio = (equity + accumulated appropriations) / (balance sheet total − advances received).
Taxes
Measured by taxable income, Markel-Radio Oy is in the lower half of the industry class retail sale of electrical household appliances (95 companies with taxable income; median 41 t€).
Taxable income is the profit as calculated for taxation, not revenue. Public data from the Finnish Tax Administration; figures for 2025 are published in November 2026.