Ab Kovjoki Snickeri-Kovjoen Puuveistämö Oy is a limited company based in Uusikaarlepyy, registered in 1976. In the financial year ending 31.12.2025, revenue was 586 t€ and operating profit 133 t€; equity ratio 94.3 %. Its taxable income in 2024 was 67 t€ and its income taxes 14 t€.
Revenue 2025586 t€+24 % on the previous year
Operating profit133 t€22,8 % of revenue
Net profit115 t€EBITDA 125 t€
Equity ratio94,3 %quick ratio 8,27
Taxable income 202467 t€
upper half of its industry
Income taxes 202414 t€84 t€ in 2020–2024
In business50 yrsregistered 13.2.1976
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 586 t€ | 474 t€ | 441 t€ | 554 t€ |
| Revenue change | 23,5 % | 7,6 % | -20,4 % | – |
| EBITDA | 125 t€ | 72 t€ | 89 t€ | 131 t€ |
| EBITDA % | 21,3 % | 15,2 % | 20,2 % | 23,7 % |
| Operating profit | 133 t€ | 62 t€ | 76 t€ | 121 t€ |
| Operating margin | 22,8 % | 13,1 % | 17,3 % | 21,9 % |
| Net profit | 115 t€ | 54 t€ | 63 t€ | 98 t€ |
| Personnel costs | -115 t€ | 108 t€ | 105 t€ | 106 t€ |
| Equity ratio | 94,3 % | 94,6 % | 95,3 % | 90,5 % |
| Quick ratio | 8,27 | 10,88 | 14,30 | 7,44 |
| Current ratio | 9,36 | 12,08 | 16,18 | 8,26 |
| Debt to revenue | 5,4 % | 5,2 % | 4,7 % | 7,2 % |
| Return on equity | 22,2 % | 12,3 % | 15,1 % | 25,5 % |
| Balance sheet total | 551 t€ | 464 t€ | 437 t€ | 423 t€ |
| Equity | 519 t€ | 439 t€ | 417 t€ | 383 t€ |
| Cash and bank | 241 t€ | 260 t€ | 279 t€ | 263 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 | |
|---|---|---|---|---|
| Turnover | 586 t€ | 474 t€ | 441 t€ | 554 t€ |
| Raw materials and services | 297 t€ | -249 t€ | -208 t€ | -275 t€ |
| Personnel expenses | 115 t€ | -108 t€ | -105 t€ | -106 t€ |
| Depreciations and reductions in value | 8 344 € | -10 t€ | -13 t€ | -9 924 € |
| Other operating expenses | 32 t€ | -45 t€ | -38 t€ | -41 t€ |
| Operating profit (loss) | 133 t€ | 62 t€ | 76 t€ | 121 t€ |
| Financial income and expenses + (-) | -10 t€ | 5 433 € | 1 628 € | 35 € |
| Profit (loss) before appropriations and taxes | 144 t€ | 67 t€ | 78 t€ | 121 t€ |
| Income taxes | 29 t€ | -13 t€ | -15 t€ | -23 t€ |
| Profit (loss) for the financial year | 115 t€ | 54 t€ | 63 t€ | 98 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 254 t€ | 163 t€ | 103 t€ | 92 t€ |
| Stocks | 35 t€ | 30 t€ | 39 t€ | 33 t€ |
| Receivables | 21 t€ | 11 t€ | 16 t€ | 35 t€ |
| Cash in hand and at banks | 241 t€ | 260 t€ | 279 t€ | 263 t€ |
| Current assets | 296 t€ | 301 t€ | 334 t€ | 331 t€ |
| Assets | 551 t€ | 464 t€ | 437 t€ | 423 t€ |
| Share capital or other similar capital | 18 t€ | 18 t€ | 18 t€ | 18 t€ |
| Capital and reserves | 519 t€ | 439 t€ | 417 t€ | 383 t€ |
| Short-term liabilities | 32 t€ | 25 t€ | 21 t€ | 40 t€ |
| Liabilities | 32 t€ | 25 t€ | 21 t€ | 40 t€ |
All financial statement items (48)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 586 t€ | 474 t€ | 441 t€ | 554 t€ |
| Raw materials and services | 297 t€ | -249 t€ | -208 t€ | -275 t€ |
| Personnel expenses | 115 t€ | -108 t€ | -105 t€ | -106 t€ |
| Depreciations and reductions in value | 8 344 € | -10 t€ | -13 t€ | -9 924 € |
| Other operating expenses | 32 t€ | -45 t€ | -38 t€ | -41 t€ |
| Operating profit (loss) | 133 t€ | 62 t€ | 76 t€ | 121 t€ |
| Financial income and expenses + (-) | -10 t€ | 5 433 € | 1 628 € | 35 € |
| Profit (loss) before appropriations and taxes | 144 t€ | 67 t€ | 78 t€ | 121 t€ |
| Income taxes | 29 t€ | -13 t€ | -15 t€ | -23 t€ |
| Profit (loss) for the financial year | 115 t€ | 54 t€ | 63 t€ | 98 t€ |
| Non-current assets | 254 t€ | 163 t€ | 103 t€ | 92 t€ |
| Stocks | 35 t€ | 30 t€ | 39 t€ | 33 t€ |
| Receivables | 21 t€ | 11 t€ | 16 t€ | 35 t€ |
| Cash in hand and at banks | 241 t€ | 260 t€ | 279 t€ | 263 t€ |
| Current assets | 296 t€ | 301 t€ | 334 t€ | 331 t€ |
| Assets | 551 t€ | 464 t€ | 437 t€ | 423 t€ |
| Share capital or other similar capital | 18 t€ | 18 t€ | 18 t€ | 18 t€ |
| Capital and reserves | 519 t€ | 439 t€ | 417 t€ | 383 t€ |
| Short-term liabilities | 32 t€ | 25 t€ | 21 t€ | 40 t€ |
| Liabilities | 32 t€ | 25 t€ | 21 t€ | 40 t€ |
| Revaluation reserve | 11 t€ | 11 t€ | 11 t€ | 11 t€ |
| Services purchased | – | 0 € | -1 532 € | -1 129 € |
| Retained earnings | 376 t€ | 357 t€ | 326 t€ | 257 t€ |
| Other current liabilities | 7 149 € | 9 400 € | 7 541 € | 11 t€ |
| Profit (loss) for the period, equity | 115 t€ | 54 t€ | 63 t€ | 98 t€ |
| Other short-term receivables | 6 241 € | 6 € | 1 890 € | 2 303 € |
| Depreciations according to plan | 8 344 € | -10 t€ | -13 t€ | -9 924 € |
| Short-term accounts payable | 4 815 € | 9 139 € | 7 914 € | 13 t€ |
| Income from other investments under non-current assets, from other companies | 90 € | 90 € | 90 € | 90 € |
| Purchases during the financial year | 301 t€ | -240 t€ | -213 t€ | -273 t€ |
| Land and water areas, Owned | 2 439 € | 2 439 € | 2 439 € | 2 439 € |
| Wages and salaries | 87 t€ | -82 t€ | -81 t€ | -82 t€ |
| Short-term sales receivables | 14 t€ | 895 € | 10 t€ | 28 t€ |
| Inventory increase (+) or decrease (-) | -4 639 € | -8 893 € | 5 947 € | -1 784 € |
| Interest expenses and other financial expenses for non-Group companies | 3 686 € | -4 583 € | -5 623 € | -55 € |
| Other interest and financial income from non-group companies | 14 t€ | 9 926 € | 7 161 € | 0 € |
| Other social security expenses | 11 t€ | -10 t€ | -9 940 € | -9 608 € |
| Tangible assets | 83 t€ | 92 t€ | 102 t€ | 91 t€ |
| Short-term accrued expenses and deferred income | 20 t€ | 6 364 € | 5 203 € | 16 t€ |
| Short-term receivables | 21 t€ | 11 t€ | 16 t€ | 35 t€ |
| Pension expenses | 16 t€ | -15 t€ | -15 t€ | -15 t€ |
| Buildings and structures, Owned | 49 t€ | 50 t€ | 50 t€ | 51 t€ |
| Machinery and equipment | 32 t€ | 40 t€ | 49 t€ | 38 t€ |
| Other shares and similar rights of ownership | 171 t€ | 71 t€ | 1 193 € | 1 193 € |
| Materials and supplies | 35 t€ | 30 t€ | 39 t€ | 33 t€ |
| Short-term prepayments and accrued income | 251 € | 10 t€ | 3 946 € | 4 200 € |
| Investments | 171 t€ | 71 t€ | 1 193 € | 1 193 € |
| Liabilities | 551 t€ | 464 t€ | 437 t€ | 423 t€ |
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, Ab Kovjoki Snickeri-Kovjoen Puuveistämö Oy is in the upper half of the industry class manufacture of other builders’ carpentry and joinery n.e.c. (137 companies with taxable income; median 30 t€, 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.