Leipomo J. W. Virtanen Oy is a limited company based in Lohja, registered in 1978. In the financial year ending 31.12.2025, revenue was 1,4 M€ and operating profit -66 t€; equity ratio -106.2 %. Public buyers bought 351 € from it in 2026–2026; the largest buyer is Opetushallitus (Opetus- ja kulttuuriministeriön hallinnonala).
Revenue 20251,4 M€-7 % on the previous year
Operating profit-66 t€-4,9 % of revenue
Net profit-109 t€EBITDA -89 t€
Equity ratio-106,2 %quick ratio 0,31
Taxable income 20240 €
profit as taxed
Income taxes 20240 €0 € in 2020–2024
In business48 yrsregistered 6.10.1978
Sales to public buyers351 €2026–2026
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 1,4 M€ | 1,5 M€ | 1,6 M€ | 1,6 M€ | 1,3 M€ | 1,0 M€ |
| Revenue change | -7,4 % | -9,8 % | -0,8 % | 25,3 % | 25,7 % | – |
| EBITDA | -89 t€ | -42 t€ | 36 t€ | 74 t€ | -30 t€ | -84 t€ |
| EBITDA % | -6,5 % | -2,9 % | 2,2 % | 4,5 % | -2,3 % | -8,0 % |
| Operating profit | -66 t€ | -56 t€ | 19 t€ | 52 t€ | -51 t€ | -112 t€ |
| Operating margin | -4,9 % | -3,8 % | 1,2 % | 3,1 % | -3,9 % | -10,7 % |
| Net profit | -109 t€ | -79 t€ | 1 370 € | 40 t€ | -63 t€ | -118 t€ |
| Personnel costs | -618 t€ | 677 t€ | 664 t€ | 657 t€ | 640 t€ | 578 t€ |
| Equity ratio | -106,2 % | -53,6 % | -23,3 % | -20,5 % | -31,5 % | -16,0 % |
| Quick ratio | 0,31 | 0,23 | 0,32 | 0,31 | 0,27 | 0,24 |
| Current ratio | 0,60 | 0,60 | 0,85 | 0,90 | 0,89 | 0,87 |
| Debt to revenue | 38,7 % | 31,6 % | 26,9 % | 30,1 % | 39,7 % | 42,9 % |
| Balance sheet total | 256 t€ | 303 t€ | 357 t€ | 411 t€ | 396 t€ | 386 t€ |
| Equity | -272 t€ | -162 t€ | -83 t€ | -84 t€ | -125 t€ | -62 t€ |
| Cash and bank | 7 844 € | 14 t€ | 11 t€ | 2 126 € | 434 € | 6 545 € |
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 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 1,4 M€ | 1,5 M€ | 1,6 M€ | 1,6 M€ | 1,3 M€ | 1,0 M€ |
| Other operating income | 6 183 € | 386 € | 0 € | – | 0 € | 24 t€ |
| Raw materials and services | 387 t€ | -442 t€ | -482 t€ | -501 t€ | -364 t€ | -239 t€ |
| Personnel expenses | 618 t€ | -677 t€ | -664 t€ | -657 t€ | -640 t€ | -578 t€ |
| Depreciations and reductions in value | 23 t€ | -14 t€ | -18 t€ | -23 t€ | -21 t€ | -29 t€ |
| Other operating expenses | 407 t€ | -396 t€ | -450 t€ | -413 t€ | -339 t€ | -336 t€ |
| Operating profit (loss) | -66 t€ | -56 t€ | 19 t€ | 52 t€ | -51 t€ | -112 t€ |
| Financial income and expenses + (-) | 43 t€ | -24 t€ | -17 t€ | -11 t€ | -12 t€ | -5 817 € |
| Profit (loss) before appropriations and taxes | -109 t€ | -79 t€ | 1 370 € | 40 t€ | -63 t€ | -118 t€ |
| Profit (loss) for the financial year | -109 t€ | -79 t€ | 1 370 € | 40 t€ | -63 t€ | -118 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 120 t€ | 86 t€ | 101 t€ | 119 t€ | 117 t€ | 139 t€ |
| Stocks | 66 t€ | 135 t€ | 159 t€ | 192 t€ | 194 t€ | 180 t€ |
| Receivables | 62 t€ | 67 t€ | 84 t€ | 98 t€ | 85 t€ | 61 t€ |
| Cash in hand and at banks | 7 844 € | 14 t€ | 11 t€ | 2 126 € | 434 € | 6 545 € |
| Current assets | 136 t€ | 217 t€ | 255 t€ | 292 t€ | 279 t€ | 248 t€ |
| Assets | 256 t€ | 303 t€ | 357 t€ | 411 t€ | 396 t€ | 386 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | -272 t€ | -162 t€ | -83 t€ | -84 t€ | -125 t€ | -62 t€ |
| Long-term liabilities | 299 t€ | 107 t€ | 139 t€ | 172 t€ | 207 t€ | 162 t€ |
| Short-term liabilities | 228 t€ | 358 t€ | 301 t€ | 324 t€ | 313 t€ | 286 t€ |
| Liabilities | 528 t€ | 465 t€ | 440 t€ | 495 t€ | 521 t€ | 448 t€ |
All financial statement items (55)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 1,4 M€ | 1,5 M€ | 1,6 M€ | 1,6 M€ | 1,3 M€ | 1,0 M€ |
| Other operating income | 6 183 € | 386 € | 0 € | – | 0 € | 24 t€ |
| Raw materials and services | 387 t€ | -442 t€ | -482 t€ | -501 t€ | -364 t€ | -239 t€ |
| Personnel expenses | 618 t€ | -677 t€ | -664 t€ | -657 t€ | -640 t€ | -578 t€ |
| Depreciations and reductions in value | 23 t€ | -14 t€ | -18 t€ | -23 t€ | -21 t€ | -29 t€ |
| Other operating expenses | 407 t€ | -396 t€ | -450 t€ | -413 t€ | -339 t€ | -336 t€ |
| Operating profit (loss) | -66 t€ | -56 t€ | 19 t€ | 52 t€ | -51 t€ | -112 t€ |
| Financial income and expenses + (-) | 43 t€ | -24 t€ | -17 t€ | -11 t€ | -12 t€ | -5 817 € |
| Profit (loss) before appropriations and taxes | -109 t€ | -79 t€ | 1 370 € | 40 t€ | -63 t€ | -118 t€ |
| Profit (loss) for the financial year | -109 t€ | -79 t€ | 1 370 € | 40 t€ | -63 t€ | -118 t€ |
| Non-current assets | 120 t€ | 86 t€ | 101 t€ | 119 t€ | 117 t€ | 139 t€ |
| Stocks | 66 t€ | 135 t€ | 159 t€ | 192 t€ | 194 t€ | 180 t€ |
| Receivables | 62 t€ | 67 t€ | 84 t€ | 98 t€ | 85 t€ | 61 t€ |
| Cash in hand and at banks | 7 844 € | 14 t€ | 11 t€ | 2 126 € | 434 € | 6 545 € |
| Current assets | 136 t€ | 217 t€ | 255 t€ | 292 t€ | 279 t€ | 248 t€ |
| Assets | 256 t€ | 303 t€ | 357 t€ | 411 t€ | 396 t€ | 386 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | -272 t€ | -162 t€ | -83 t€ | -84 t€ | -125 t€ | -62 t€ |
| Long-term liabilities | 299 t€ | 107 t€ | 139 t€ | 172 t€ | 207 t€ | 162 t€ |
| Short-term liabilities | 228 t€ | 358 t€ | 301 t€ | 324 t€ | 313 t€ | 286 t€ |
| Liabilities | 528 t€ | 465 t€ | 440 t€ | 495 t€ | 521 t€ | 448 t€ |
| Other current liabilities | 16 t€ | 59 t€ | 32 t€ | 23 t€ | 44 t€ | 64 t€ |
| Liabilities | 256 t€ | 303 t€ | 357 t€ | 411 t€ | 396 t€ | 386 t€ |
| Impairment on investments for non-current assets | 0 € | -1 110 € | 0 € | – | – | – |
| Long-term liabilities to credit institutions | 146 t€ | 107 t€ | 139 t€ | 172 t€ | 207 t€ | 162 t€ |
| Short-term receivables | 62 t€ | 67 t€ | 84 t€ | 98 t€ | 85 t€ | 61 t€ |
| Other short-term receivables | 2 746 € | 0 € | 0 € | 1 435 € | 0 € | 1 € |
| Land and water areas, Owned | 23 t€ | 23 t€ | 23 t€ | 23 t€ | 23 t€ | 23 t€ |
| Other interest and financial income from non-group companies | 0 € | 21 € | 0 € | 0 € | 48 € | 12 € |
| Other long-term liabilities | 154 t€ | 0 € | – | – | – | – |
| Machinery and equipment | 69 t€ | 34 t€ | 45 t€ | 60 t€ | 56 t€ | 74 t€ |
| Retained earnings | -173 t€ | -93 t€ | -94 t€ | -135 t€ | -72 t€ | 46 t€ |
| Short-term accounts payable | 101 t€ | 149 t€ | 124 t€ | 129 t€ | 106 t€ | 86 t€ |
| Wages and salaries | 499 t€ | -546 t€ | -531 t€ | -529 t€ | -522 t€ | -463 t€ |
| Other shares and similar rights of ownership | – | 0 € | 1 210 € | 1 210 € | 1 210 € | 1 656 € |
| Short-term sales receivables | 51 t€ | 65 t€ | 81 t€ | 89 t€ | 74 t€ | 50 t€ |
| Profit (loss) for the period, equity | -109 t€ | -79 t€ | 1 370 € | 40 t€ | -63 t€ | -118 t€ |
| Interest expenses and other financial expenses for non-Group companies | 43 t€ | -22 t€ | -18 t€ | -11 t€ | -11 t€ | -6 954 € |
| Pension expenses | 99 t€ | -109 t€ | -106 t€ | -106 t€ | -101 t€ | -86 t€ |
| Short-term prepayments and accrued income | 8 284 € | 1 701 € | 3 284 € | 6 960 € | 8 990 € | 7 724 € |
| Buildings and structures, Owned | 27 t€ | 29 t€ | 32 t€ | 34 t€ | 37 t€ | 40 t€ |
| Other social security expenses | 20 t€ | -22 t€ | -27 t€ | -22 t€ | -17 t€ | -29 t€ |
| Long-term receivables | 100 € | 100 € | 0 € | – | – | – |
| Services purchased | – | 0 € | -371 € | -1 513 € | -1 944 € | -1 520 € |
| Other long-term receivables | 100 € | 100 € | 0 € | – | – | – |
| Income from other investments under non-current assets, from other companies | – | 0 € | 90 € | 0 € | -446 € | 1 125 € |
| Purchases during the financial year | 367 t€ | -418 t€ | -449 t€ | -498 t€ | -376 t€ | -269 t€ |
| Tangible assets | 120 t€ | 86 t€ | 100 t€ | 118 t€ | 115 t€ | 137 t€ |
| Materials and supplies | 66 t€ | 135 t€ | 159 t€ | 192 t€ | 194 t€ | 180 t€ |
| Short-term liabilities to credit institutions | 9 000 € | 47 t€ | 48 t€ | 61 t€ | 35 t€ | 45 t€ |
| Short-term loan receivables | 0 € | 503 € | 49 € | 596 € | 1 952 € | 3 236 € |
| Short-term accrued expenses and deferred income | 103 t€ | 104 t€ | 97 t€ | 111 t€ | 129 t€ | 91 t€ |
| Depreciations according to plan | 23 t€ | -14 t€ | -18 t€ | -23 t€ | -21 t€ | -29 t€ |
| Investments | – | 0 € | 1 210 € | 1 210 € | 1 210 € | 1 656 € |
| Inventory increase (+) or decrease (-) | 20 t€ | -24 t€ | -33 t€ | -1 421 € | 13 t€ | 32 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
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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