Kainuun Opisto Oy is a limited company based in Paltamo, registered in 1926. In the financial year ending 31.12.2025, revenue was 1,7 M€ and operating profit -30 t€; equity ratio 21.3 %. Public buyers bought 7 660 € from it in 2022–2026; the largest buyer is Etelä-Suomen aluehallintovirasto (Valtiovarainministeriön hallinnonala).
Financials
| Key figures | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Revenue | 1,7 M€ | 1,5 M€ |
| Revenue change | 13,9 % | – |
| EBITDA | -67 t€ | -101 t€ |
| EBITDA % | -3,9 % | -6,7 % |
| Operating profit | -30 t€ | -71 t€ |
| Operating margin | -1,8 % | -4,7 % |
| Net profit | -45 t€ | -81 t€ |
| Personnel costs | -1,1 M€ | -1,0 M€ |
| Equity ratio | 21,3 % | 31,0 % |
| Quick ratio | 0,47 | 0,42 |
| Current ratio | 0,50 | 0,45 |
| Debt to revenue | 29,3 % | 26,7 % |
| Return on equity | -33,2 % | -44,7 % |
| Balance sheet total | 650 t€ | 593 t€ |
| Equity | 136 t€ | 182 t€ |
| Cash and bank | 114 t€ | 38 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 1,7 M€ | 1,5 M€ |
| Other operating income | 56 t€ | 32 t€ |
| Raw materials and services | 181 t€ | 174 t€ |
| Personnel expenses | 1,1 M€ | 1,0 M€ |
| Depreciations and reductions in value | 37 t€ | 30 t€ |
| Other operating expenses | 495 t€ | 406 t€ |
| Operating profit (loss) | -30 t€ | -71 t€ |
| Financial income and expenses + (-) | 15 t€ | 11 t€ |
| Profit (loss) before appropriations and taxes | -45 t€ | -81 t€ |
| Profit (loss) for the financial year | -45 t€ | -81 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Non-current assets | 503 t€ | 507 t€ |
| Stocks | 6 179 € | 5 886 € |
| Receivables | 26 t€ | 43 t€ |
| Cash in hand and at banks | 114 t€ | 38 t€ |
| Current assets | 146 t€ | 86 t€ |
| Assets | 650 t€ | 593 t€ |
| Share capital or other similar capital | 8 409 € | 8 409 € |
| Capital and reserves | 136 t€ | 182 t€ |
| Long-term liabilities | 218 t€ | 221 t€ |
| Short-term liabilities | 295 t€ | 191 t€ |
| Liabilities | 513 t€ | 412 t€ |
All financial statement items (55)
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 1,7 M€ | 1,5 M€ |
| Other operating income | 56 t€ | 32 t€ |
| Raw materials and services | 181 t€ | 174 t€ |
| Personnel expenses | 1,1 M€ | 1,0 M€ |
| Depreciations and reductions in value | 37 t€ | 30 t€ |
| Other operating expenses | 495 t€ | 406 t€ |
| Operating profit (loss) | -30 t€ | -71 t€ |
| Financial income and expenses + (-) | 15 t€ | 11 t€ |
| Profit (loss) before appropriations and taxes | -45 t€ | -81 t€ |
| Profit (loss) for the financial year | -45 t€ | -81 t€ |
| Non-current assets | 503 t€ | 507 t€ |
| Stocks | 6 179 € | 5 886 € |
| Receivables | 26 t€ | 43 t€ |
| Cash in hand and at banks | 114 t€ | 38 t€ |
| Current assets | 146 t€ | 86 t€ |
| Assets | 650 t€ | 593 t€ |
| Share capital or other similar capital | 8 409 € | 8 409 € |
| Capital and reserves | 136 t€ | 182 t€ |
| Long-term liabilities | 218 t€ | 221 t€ |
| Short-term liabilities | 295 t€ | 191 t€ |
| Liabilities | 513 t€ | 412 t€ |
| Long-term liabilities to credit institutions | 143 t€ | 121 t€ |
| Investments | 610 € | 610 € |
| Depreciations according to plan | 37 t€ | 30 t€ |
| Short-term sales receivables | 1 357 € | 31 t€ |
| Pension expenses | 143 t€ | 132 t€ |
| Other intangible assets | 20 t€ | 14 t€ |
| Profit (loss) for the period, equity | -45 t€ | -81 t€ |
| Interest expenses and other financial expenses for non-Group companies | 15 t€ | 11 t€ |
| Legal reserve | 639 t€ | 639 t€ |
| Short-term liabilities to credit institutions | 41 t€ | 24 t€ |
| Intangible assets | 20 t€ | 14 t€ |
| Other shares and similar rights of ownership | 610 € | 610 € |
| Finished products | 2 936 € | 2 943 € |
| Short-term receivables | 26 t€ | 43 t€ |
| Liabilities | 650 t€ | 593 t€ |
| Inventory increase (+) or decrease (-) | -293 € | 552 € |
| Wages and salaries | 926 t€ | 850 t€ |
| Services purchased | 31 t€ | 38 t€ |
| Short-term advances received | 9 350 € | 7 981 € |
| Other long-term liabilities | 75 t€ | 100 t€ |
| Other social security expenses | 25 t€ | 21 t€ |
| Tangible assets | 482 t€ | 492 t€ |
| Short-term accounts payable | 9 341 € | 35 t€ |
| Short-term accrued expenses and deferred income | 186 t€ | 96 t€ |
| Other short-term receivables | 4 339 € | 2 851 € |
| Other interest and financial income from non-group companies | 112 € | 246 € |
| Other current liabilities | 49 t€ | 28 t€ |
| Materials and supplies | 3 243 € | 2 943 € |
| Purchases during the financial year | 150 t€ | 135 t€ |
| Short-term prepayments and accrued income | 20 t€ | 9 010 € |
| Machinery and equipment | 29 t€ | 17 t€ |
| Buildings and structures, Owned | 449 t€ | 471 t€ |
| Retained earnings | -466 t€ | -385 t€ |
| Land and water areas, Owned | 3 904 € | 3 904 € |
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
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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