Kiinteistö Oy Hellas is a limited company based in Nurmijärvi, registered in 1940. In the financial year ending 31.12.2024, revenue was 382 t€ and operating profit -17 t€; equity ratio 20.3 %. Public buyers bought 12 t€ from it in 2022–2022; the largest buyer is Kulttuurin Ja Vapaa-ajan Toimiala, Helsinki (Helsinki).
Revenue 2024382 t€-1 % on the previous year
Operating profit-17 t€-4,5 % of revenue
Net profit-30 t€EBITDA 13 t€
Equity ratio20,3 %quick ratio 0,56
Taxable income 20240 €
profit as taxed
Income taxes 2024100 €36 t€ in 2020–2024
In business86 yrsregistered 2.8.1940
Sales to public buyers12 t€2022–2022
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|---|---|---|
| Revenue | 382 t€ | 386 t€ | 441 t€ | 390 t€ | 387 t€ | 469 t€ |
| Revenue change | -1,0 % | -12,4 % | 13,1 % | 0,8 % | -17,5 % | – |
| EBITDA | 13 t€ | 43 t€ | 48 t€ | 5 627 € | 15 t€ | 49 t€ |
| EBITDA % | 3,3 % | 11,0 % | 10,9 % | 1,4 % | 3,8 % | 10,4 % |
| Operating profit | -17 t€ | 9 427 € | 9 951 € | -24 t€ | -19 t€ | 11 t€ |
| Operating margin | -4,5 % | 2,4 % | 2,3 % | -6,2 % | -4,9 % | 2,3 % |
| Net profit | -30 t€ | -6 688 € | 6 792 € | -35 t€ | -29 t€ | 1 488 € |
| Personnel costs | – | – | – | – | 0 € | 102 € |
| Equity ratio | 20,3 % | 25,7 % | 36,9 % | 17,6 % | 20,4 % | 22,1 % |
| Quick ratio | 0,56 | 0,54 | 2,14 | 4,21 | 1,19 | 1,26 |
| Current ratio | 0,56 | 0,54 | 2,14 | 4,21 | 1,19 | 1,26 |
| Debt to revenue | 85,9 % | 85,1 % | 85,4 % | 136,2 % | 150,0 % | 133,5 % |
| Return on equity | -36,2 % | -5,9 % | 3,1 % | -31,1 % | -19,7 % | 0,8 % |
| Balance sheet total | 418 t€ | 445 t€ | 608 t€ | 647 t€ | 732 t€ | 804 t€ |
| Equity | 84 t€ | 114 t€ | 220 t€ | 113 t€ | 148 t€ | 178 t€ |
| Cash and bank | 2 788 € | 11 t€ | 33 t€ | 14 t€ | 27 t€ | 55 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 | |
|---|---|---|---|---|---|---|
| Turnover | 382 t€ | 386 t€ | 441 t€ | 390 t€ | 387 t€ | 469 t€ |
| Other operating income | 61 € | 606 € | 5 842 € | 0 € | 0 € | 37 € |
| Raw materials and services | -136 t€ | -171 t€ | -191 t€ | 0 € | – | – |
| Personnel expenses | – | – | – | – | 0 € | -102 € |
| Depreciations and reductions in value | -30 t€ | -33 t€ | -38 t€ | -30 t€ | -34 t€ | -38 t€ |
| Other operating expenses | -233 t€ | -173 t€ | -208 t€ | -384 t€ | -372 t€ | -413 t€ |
| Operating profit (loss) | -17 t€ | 9 427 € | 9 951 € | -24 t€ | -19 t€ | 11 t€ |
| Financial income and expenses + (-) | -13 t€ | -10 t€ | -3 159 € | -11 t€ | -10 t€ | -10 t€ |
| Profit (loss) before appropriations and taxes | -30 t€ | -634 € | 6 792 € | -35 t€ | -29 t€ | 819 € |
| Income taxes | 0 € | -6 054 € | 0 € | – | 0 € | 670 € |
| Profit (loss) for the financial year | -30 t€ | -6 688 € | 6 792 € | -35 t€ | -29 t€ | 1 488 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 | |
|---|---|---|---|---|---|---|
| Non-current assets | 370 t€ | 397 t€ | 430 t€ | 400 t€ | 429 t€ | 463 t€ |
| Receivables | 46 t€ | 37 t€ | 145 t€ | 233 t€ | 276 t€ | 286 t€ |
| Cash in hand and at banks | 2 788 € | 11 t€ | 33 t€ | 14 t€ | 27 t€ | 55 t€ |
| Current assets | 49 t€ | 48 t€ | 178 t€ | 247 t€ | 303 t€ | 341 t€ |
| Assets | 418 t€ | 445 t€ | 608 t€ | 647 t€ | 732 t€ | 804 t€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 84 t€ | 114 t€ | 220 t€ | 113 t€ | 148 t€ | 178 t€ |
| Long-term liabilities | 249 t€ | 242 t€ | 304 t€ | 475 t€ | 330 t€ | 356 t€ |
| Short-term liabilities | 86 t€ | 89 t€ | 83 t€ | 59 t€ | 254 t€ | 270 t€ |
| Liabilities | 335 t€ | 331 t€ | 388 t€ | 534 t€ | 584 t€ | 626 t€ |
All financial statement items (53)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 | |
|---|---|---|---|---|---|---|
| Turnover | 382 t€ | 386 t€ | 441 t€ | 390 t€ | 387 t€ | 469 t€ |
| Other operating income | 61 € | 606 € | 5 842 € | 0 € | 0 € | 37 € |
| Raw materials and services | -136 t€ | -171 t€ | -191 t€ | 0 € | – | – |
| Personnel expenses | – | – | – | – | 0 € | -102 € |
| Depreciations and reductions in value | -30 t€ | -33 t€ | -38 t€ | -30 t€ | -34 t€ | -38 t€ |
| Other operating expenses | -233 t€ | -173 t€ | -208 t€ | -384 t€ | -372 t€ | -413 t€ |
| Operating profit (loss) | -17 t€ | 9 427 € | 9 951 € | -24 t€ | -19 t€ | 11 t€ |
| Financial income and expenses + (-) | -13 t€ | -10 t€ | -3 159 € | -11 t€ | -10 t€ | -10 t€ |
| Profit (loss) before appropriations and taxes | -30 t€ | -634 € | 6 792 € | -35 t€ | -29 t€ | 819 € |
| Income taxes | 0 € | -6 054 € | 0 € | – | 0 € | 670 € |
| Profit (loss) for the financial year | -30 t€ | -6 688 € | 6 792 € | -35 t€ | -29 t€ | 1 488 € |
| Non-current assets | 370 t€ | 397 t€ | 430 t€ | 400 t€ | 429 t€ | 463 t€ |
| Receivables | 46 t€ | 37 t€ | 145 t€ | 233 t€ | 276 t€ | 286 t€ |
| Cash in hand and at banks | 2 788 € | 11 t€ | 33 t€ | 14 t€ | 27 t€ | 55 t€ |
| Current assets | 49 t€ | 48 t€ | 178 t€ | 247 t€ | 303 t€ | 341 t€ |
| Assets | 418 t€ | 445 t€ | 608 t€ | 647 t€ | 732 t€ | 804 t€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 84 t€ | 114 t€ | 220 t€ | 113 t€ | 148 t€ | 178 t€ |
| Long-term liabilities | 249 t€ | 242 t€ | 304 t€ | 475 t€ | 330 t€ | 356 t€ |
| Short-term liabilities | 86 t€ | 89 t€ | 83 t€ | 59 t€ | 254 t€ | 270 t€ |
| Liabilities | 335 t€ | 331 t€ | 388 t€ | 534 t€ | 584 t€ | 626 t€ |
| Buildings and structures, Owned | 314 t€ | 339 t€ | 369 t€ | 333 t€ | 356 t€ | 382 t€ |
| Short-term receivables | 42 t€ | 36 t€ | 44 t€ | 95 t€ | 97 t€ | 51 t€ |
| Other short-term receivables | 11 t€ | 7 408 € | 32 t€ | 42 t€ | 21 t€ | 3 741 € |
| Change in stocks of products + (-) | – | – | – | – | 0 € | -7 300 € |
| Profit (loss) for the period, equity | -30 t€ | -6 688 € | 6 792 € | -35 t€ | -29 t€ | 1 488 € |
| Tangible assets | 334 t€ | 361 t€ | 394 t€ | 360 t€ | 390 t€ | 424 t€ |
| Intangible rights | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ |
| Other long-term liabilities | 102 t€ | 91 t€ | 112 t€ | 236 t€ | 48 t€ | 46 t€ |
| Interest expenses and other financial expenses for non-Group companies | -14 t€ | -11 t€ | -8 754 € | -12 t€ | -12 t€ | -11 t€ |
| Short-term accrued expenses and deferred income | – | 0 € | 6 597 € | 0 € | – | – |
| Long-term liabilities to credit institutions | 147 t€ | 151 t€ | 193 t€ | 239 t€ | 282 t€ | 310 t€ |
| Other shares and similar rights of ownership | 18 t€ | 18 t€ | 18 t€ | 21 t€ | 21 t€ | 21 t€ |
| Other social security expenses | – | – | – | – | 0 € | -102 € |
| Short-term sales receivables | 30 t€ | 29 t€ | 4 696 € | 49 t€ | 69 t€ | 40 t€ |
| Depreciations according to plan | -30 t€ | -33 t€ | -38 t€ | -30 t€ | -34 t€ | -38 t€ |
| Income from other investments under non-current assets, from other companies | 960 € | 960 € | 0 € | 1 255 € | 1 257 € | – |
| Reserve for invested non-restricted equity | 101 t€ | 101 t€ | 101 t€ | 0 € | – | – |
| Other current liabilities | 6 465 € | 11 t€ | 11 t€ | 0 € | 193 t€ | 206 t€ |
| Short-term accounts payable | 27 t€ | 35 t€ | 8 739 € | 13 t€ | 11 t€ | 19 t€ |
| Retained earnings | 4 856 € | 12 t€ | 105 t€ | 140 t€ | 169 t€ | 168 t€ |
| Machinery and equipment | 11 t€ | 12 t€ | 16 t€ | 18 t€ | 25 t€ | 33 t€ |
| Long-term receivables | 4 226 € | 600 € | 101 t€ | 139 t€ | 178 t€ | 235 t€ |
| Other interest and financial income from non-group companies | 18 € | 15 € | 5 596 € | 0 € | 1 350 € | 1 265 € |
| Land and water areas, Owned | 9 224 € | 9 224 € | 9 224 € | 9 224 € | 9 224 € | 9 224 € |
| Short-term liabilities to credit institutions | 46 t€ | 41 t€ | 46 t€ | 43 t€ | 46 t€ | 46 t€ |
| Intangible assets | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ |
| Investments | 18 t€ | 18 t€ | 18 t€ | 21 t€ | 21 t€ | 21 t€ |
| Long-term receivables from Group companies | 4 226 € | 600 € | 101 t€ | 139 t€ | 178 t€ | 235 t€ |
| Liabilities | 418 t€ | 445 t€ | 608 t€ | 647 t€ | 732 t€ | 804 t€ |
| Services purchased | -136 t€ | -171 t€ | -191 t€ | 0 € | – | – |
| Short-term advances received | 6 267 € | 2 600 € | 11 t€ | 2 165 € | 3 353 € | 0 € |
| Short-term prepayments and accrued income | – | 0 € | 7 695 € | 3 578 € | 7 628 € | 7 028 € |
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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