Koivulakson Vesi Oy is a limited company based in Seinäjoki, registered in 1971. In the financial year ending 31.12.2025, revenue was 33 t€ and operating profit 10 t€; equity ratio 56.1 %. Its taxable income in 2024 was 10 t€ and its income taxes 2 068 €. Public buyers bought 421 € from it in 2022–2025; the largest buyer is Työllisyys, kehittämis- ja hallintokeskus (Työ- ja elinkeinoministeriön hallinnonala).
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 33 t€ | 34 t€ | 32 t€ | 33 t€ |
| Revenue change | -1,3 % | 4,5 % | -3,4 % | – |
| EBITDA | 6 619 € | 15 t€ | 8 773 € | 12 t€ |
| EBITDA % | 20,0 % | 43,7 % | 27,3 % | 35,4 % |
| Operating profit | 10 t€ | 11 t€ | 4 618 € | 9 313 € |
| Operating margin | 31,3 % | 32,5 % | 14,3 % | 28,0 % |
| Net profit | 8 103 € | 8 271 € | 3 526 € | 7 204 € |
| Personnel costs | -3 303 € | 3 679 € | 3 762 € | 7 221 € |
| Equity ratio | 56,1 % | 52,6 % | 47,3 % | 41,4 % |
| Quick ratio | 4,17 | 5,09 | 4,32 | 3,38 |
| Current ratio | 4,17 | 5,09 | 4,32 | 3,38 |
| Debt to revenue | 134,5 % | 130,8 % | 140,3 % | 157,8 % |
| Return on equity | 14,2 % | 16,9 % | 8,7 % | 19,4 % |
| Balance sheet total | 102 t€ | 93 t€ | 86 t€ | 90 t€ |
| Equity | 57 t€ | 49 t€ | 41 t€ | 37 t€ |
| Cash and bank | 40 t€ | 31 t€ | 18 t€ | 32 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 33 t€ | 34 t€ | 32 t€ | 33 t€ |
| Other operating income | – | 0 € | 405 € | 35 € |
| Raw materials and services | 7 213 € | -6 973 € | -11 t€ | -1 546 € |
| Personnel expenses | 3 303 € | -3 679 € | -3 762 € | -7 221 € |
| Depreciations and reductions in value | 3 770 € | -3 760 € | -4 155 € | -2 461 € |
| Other operating expenses | 8 498 € | -8 278 € | -9 444 € | -13 t€ |
| Operating profit (loss) | 10 t€ | 11 t€ | 4 618 € | 9 313 € |
| Financial income and expenses + (-) | 305 € | -595 € | -55 € | -464 € |
| Profit (loss) before appropriations and taxes | 10 t€ | 10 t€ | 4 563 € | 8 849 € |
| Income taxes | 1 981 € | -2 068 € | -1 038 € | -1 645 € |
| Profit (loss) for the financial year | 8 103 € | 8 271 € | 3 526 € | 7 204 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 60 t€ | 59 t€ | 65 t€ | 56 t€ |
| Receivables | 1 840 € | 2 063 € | 2 705 € | 1 793 € |
| Cash in hand and at banks | 40 t€ | 31 t€ | 18 t€ | 32 t€ |
| Current assets | 42 t€ | 33 t€ | 21 t€ | 33 t€ |
| Assets | 102 t€ | 93 t€ | 86 t€ | 90 t€ |
| Share capital or other similar capital | 12 t€ | 12 t€ | 12 t€ | 12 t€ |
| Capital and reserves | 57 t€ | 49 t€ | 41 t€ | 37 t€ |
| Long-term liabilities | 35 t€ | 37 t€ | 40 t€ | 43 t€ |
| Short-term liabilities | 10 t€ | 6 565 € | 4 871 € | 9 852 € |
| Liabilities | 45 t€ | 44 t€ | 45 t€ | 53 t€ |
All financial statement items (47)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 33 t€ | 34 t€ | 32 t€ | 33 t€ |
| Other operating income | – | 0 € | 405 € | 35 € |
| Raw materials and services | 7 213 € | -6 973 € | -11 t€ | -1 546 € |
| Personnel expenses | 3 303 € | -3 679 € | -3 762 € | -7 221 € |
| Depreciations and reductions in value | 3 770 € | -3 760 € | -4 155 € | -2 461 € |
| Other operating expenses | 8 498 € | -8 278 € | -9 444 € | -13 t€ |
| Operating profit (loss) | 10 t€ | 11 t€ | 4 618 € | 9 313 € |
| Financial income and expenses + (-) | 305 € | -595 € | -55 € | -464 € |
| Profit (loss) before appropriations and taxes | 10 t€ | 10 t€ | 4 563 € | 8 849 € |
| Income taxes | 1 981 € | -2 068 € | -1 038 € | -1 645 € |
| Profit (loss) for the financial year | 8 103 € | 8 271 € | 3 526 € | 7 204 € |
| Non-current assets | 60 t€ | 59 t€ | 65 t€ | 56 t€ |
| Receivables | 1 840 € | 2 063 € | 2 705 € | 1 793 € |
| Cash in hand and at banks | 40 t€ | 31 t€ | 18 t€ | 32 t€ |
| Current assets | 42 t€ | 33 t€ | 21 t€ | 33 t€ |
| Assets | 102 t€ | 93 t€ | 86 t€ | 90 t€ |
| Share capital or other similar capital | 12 t€ | 12 t€ | 12 t€ | 12 t€ |
| Capital and reserves | 57 t€ | 49 t€ | 41 t€ | 37 t€ |
| Long-term liabilities | 35 t€ | 37 t€ | 40 t€ | 43 t€ |
| Short-term liabilities | 10 t€ | 6 565 € | 4 871 € | 9 852 € |
| Liabilities | 45 t€ | 44 t€ | 45 t€ | 53 t€ |
| Other current liabilities | 1 519 € | 1 603 € | 504 € | 1 089 € |
| Liabilities | 102 t€ | 93 t€ | 86 t€ | 90 t€ |
| Long-term liabilities to credit institutions | 714 € | 3 571 € | 6 429 € | 9 286 € |
| Short-term receivables | 1 840 € | 2 063 € | 2 705 € | 1 793 € |
| Other short-term receivables | 216 € | 918 € | 388 € | 835 € |
| Other long-term liabilities | 34 t€ | 34 t€ | 34 t€ | 33 t€ |
| Land and water areas, Owned | 9 516 € | 9 516 € | 9 516 € | 9 516 € |
| Other interest and financial income from non-group companies | 2 € | 7 € | 0 € | 0 € |
| Machinery and equipment | 49 t€ | 48 t€ | 53 t€ | 45 t€ |
| Retained earnings | 37 t€ | 29 t€ | 25 t€ | 18 t€ |
| Short-term accounts payable | 4 617 € | 1 806 € | 1 473 € | 1 350 € |
| Wages and salaries | 2 990 € | -2 970 € | -3 060 € | -5 970 € |
| Short-term sales receivables | 1 094 € | 633 € | 1 278 € | 955 € |
| Profit (loss) for the period, equity | 8 103 € | 8 271 € | 3 526 € | 7 204 € |
| Interest expenses and other financial expenses for non-Group companies | 307 € | -603 € | -55 € | -464 € |
| Pension expenses | 142 € | -549 € | -468 € | -979 € |
| Short-term prepayments and accrued income | 530 € | 511 € | 1 038 € | 4 € |
| Buildings and structures, Owned | 1 530 € | 1 645 € | 1 769 € | 1 903 € |
| Other social security expenses | 172 € | -161 € | -234 € | -272 € |
| Services purchased | 4 708 € | -5 234 € | -8 734 € | -505 € |
| Tangible assets | 60 t€ | 59 t€ | 65 t€ | 56 t€ |
| Purchases during the financial year | 2 505 € | -1 739 € | -1 874 € | -1 041 € |
| Short-term liabilities to credit institutions | 2 857 € | 2 857 € | 2 893 € | 5 157 € |
| Depreciations according to plan | 3 770 € | -3 760 € | -4 155 € | -2 461 € |
| Short-term accrued expenses and deferred income | 1 068 € | 298 € | 0 € | 2 255 € |
| Legal reserve | 1 € | 1 € | 1 € | 1 € |
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, Koivulakson Vesi Oy is in the upper half of the industry class water collection, treatment and supply (192 companies with taxable income; median 4 783 €, 2,2 times the median).
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.
Sales to public buyers
Largest buyers
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