Kiantama Oy is a limited company based in Suomussalmi, registered in 1979. In the financial year ending 31.5.2025, revenue was 14,0 M€ and operating profit 1,4 M€; equity ratio 36.1 %. Public buyers bought 250 € from it in 2023–2023; the largest buyer is Lääketiede Ja Terveysteknologia (Tampereen yliopisto).
Revenue 202514,0 M€-10 % on the previous year
Operating profit1,4 M€10,0 % of revenue
Net profit709 t€EBITDA 1,8 M€
Equity ratio36,1 %quick ratio 0,45
Taxable income 20240 €
profit as taxed
Income taxes 20240 €255 t€ in 2020–2024
In business46 yrsregistered 2.11.1979
Sales to public buyers250 €2023–2023
Financials
RevenueOperating profitNet profit
| Key figures | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 |
|---|---|---|---|---|
| Revenue | 14,0 M€ | 15,5 M€ | 17,6 M€ | 17,0 M€ |
| Revenue change | -9,6 % | -11,9 % | 4,0 % | – |
| EBITDA | 1,8 M€ | 129 t€ | 409 t€ | 706 t€ |
| EBITDA % | 13,1 % | 0,8 % | 2,3 % | 4,2 % |
| Operating profit | 1,4 M€ | -334 t€ | -74 t€ | 195 t€ |
| Operating margin | 10,0 % | -2,1 % | -0,4 % | 1,1 % |
| Net profit | 709 t€ | -923 t€ | -310 t€ | 62 t€ |
| Personnel costs | 1,9 M€ | 2,2 M€ | 2,5 M€ | 2,1 M€ |
| Equity ratio | 36,1 % | 23,6 % | 25,4 % | 35,6 % |
| Quick ratio | 0,45 | 0,31 | 0,20 | 0,63 |
| Current ratio | 1,07 | 0,98 | 1,18 | 1,61 |
| Debt to revenue | 40,9 % | 53,0 % | 64,1 % | 48,5 % |
| Return on equity | 21,8 % | -36,3 % | -8,6 % | 1,6 % |
| Balance sheet total | 9,0 M€ | 10,8 M€ | 15,2 M€ | 12,8 M€ |
| Equity | 3,3 M€ | 2,5 M€ | 3,6 M€ | 3,9 M€ |
| Cash and bank | 420 t€ | 31 t€ | 31 t€ | 117 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | |
|---|---|---|---|---|
| Turnover | 14,0 M€ | 15,5 M€ | 17,6 M€ | 17,0 M€ |
| Other operating income | 188 t€ | 249 t€ | 187 t€ | 152 t€ |
| Raw materials and services | -8,3 M€ | -10,5 M€ | -10,2 M€ | -10,4 M€ |
| Personnel expenses | -1,9 M€ | -2,2 M€ | -2,5 M€ | -2,1 M€ |
| Depreciations and reductions in value | -445 t€ | -463 t€ | -483 t€ | -511 t€ |
| Other operating expenses | -2,2 M€ | -3,0 M€ | -4,8 M€ | -4,0 M€ |
| Operating profit (loss) | 1,4 M€ | -334 t€ | -74 t€ | 195 t€ |
| Financial income and expenses + (-) | -691 t€ | -862 t€ | -592 t€ | -335 t€ |
| Profit (loss) before appropriations and taxes | 709 t€ | -1,2 M€ | -666 t€ | -141 t€ |
| Income taxes | – | – | 0 € | -19 t€ |
| Profit (loss) for the financial year | 709 t€ | -923 t€ | -310 t€ | 62 t€ |
Balance sheet
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | |
|---|---|---|---|---|
| Non-current assets | 4,6 M€ | 5,0 M€ | 5,4 M€ | 5,7 M€ |
| Stocks | 2,5 M€ | 4,0 M€ | 8,1 M€ | 4,3 M€ |
| Receivables | 1,4 M€ | 1,8 M€ | 1,6 M€ | 2,7 M€ |
| Cash in hand and at banks | 420 t€ | 31 t€ | 31 t€ | 117 t€ |
| Current assets | 4,4 M€ | 5,8 M€ | 9,8 M€ | 7,1 M€ |
| Assets | 9,0 M€ | 10,8 M€ | 15,2 M€ | 12,8 M€ |
| Share capital or other similar capital | 1,6 M€ | 1,6 M€ | 1,6 M€ | 1,6 M€ |
| Capital and reserves | 3,3 M€ | 2,5 M€ | 3,6 M€ | 3,9 M€ |
| Appropriations | – | 0 € | 273 t€ | 629 t€ |
| Long-term liabilities | 1,6 M€ | 2,3 M€ | 3,0 M€ | 3,9 M€ |
| Short-term liabilities | 4,1 M€ | 6,0 M€ | 8,3 M€ | 4,4 M€ |
| Liabilities | 5,7 M€ | 8,3 M€ | 11,3 M€ | 8,2 M€ |
All financial statement items (63)
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | |
|---|---|---|---|---|
| Turnover | 14,0 M€ | 15,5 M€ | 17,6 M€ | 17,0 M€ |
| Other operating income | 188 t€ | 249 t€ | 187 t€ | 152 t€ |
| Raw materials and services | -8,3 M€ | -10,5 M€ | -10,2 M€ | -10,4 M€ |
| Personnel expenses | -1,9 M€ | -2,2 M€ | -2,5 M€ | -2,1 M€ |
| Depreciations and reductions in value | -445 t€ | -463 t€ | -483 t€ | -511 t€ |
| Other operating expenses | -2,2 M€ | -3,0 M€ | -4,8 M€ | -4,0 M€ |
| Operating profit (loss) | 1,4 M€ | -334 t€ | -74 t€ | 195 t€ |
| Financial income and expenses + (-) | -691 t€ | -862 t€ | -592 t€ | -335 t€ |
| Profit (loss) before appropriations and taxes | 709 t€ | -1,2 M€ | -666 t€ | -141 t€ |
| Income taxes | – | – | 0 € | -19 t€ |
| Profit (loss) for the financial year | 709 t€ | -923 t€ | -310 t€ | 62 t€ |
| Non-current assets | 4,6 M€ | 5,0 M€ | 5,4 M€ | 5,7 M€ |
| Stocks | 2,5 M€ | 4,0 M€ | 8,1 M€ | 4,3 M€ |
| Receivables | 1,4 M€ | 1,8 M€ | 1,6 M€ | 2,7 M€ |
| Cash in hand and at banks | 420 t€ | 31 t€ | 31 t€ | 117 t€ |
| Current assets | 4,4 M€ | 5,8 M€ | 9,8 M€ | 7,1 M€ |
| Assets | 9,0 M€ | 10,8 M€ | 15,2 M€ | 12,8 M€ |
| Share capital or other similar capital | 1,6 M€ | 1,6 M€ | 1,6 M€ | 1,6 M€ |
| Capital and reserves | 3,3 M€ | 2,5 M€ | 3,6 M€ | 3,9 M€ |
| Appropriations | – | 0 € | 273 t€ | 629 t€ |
| Long-term liabilities | 1,6 M€ | 2,3 M€ | 3,0 M€ | 3,9 M€ |
| Short-term liabilities | 4,1 M€ | 6,0 M€ | 8,3 M€ | 4,4 M€ |
| Liabilities | 5,7 M€ | 8,3 M€ | 11,3 M€ | 8,2 M€ |
| Buildings and structures, Owned | 2,2 M€ | 2,3 M€ | 2,4 M€ | 2,5 M€ |
| Purchases during the financial year | -6,7 M€ | -6,1 M€ | -12,5 M€ | -10,0 M€ |
| Short-term receivables | 1,4 M€ | 1,8 M€ | 1,6 M€ | 2,7 M€ |
| Advance payments and construction in progress | 8 162 € | 14 t€ | 0 € | 5 350 € |
| Other short-term receivables | – | 0 € | 96 € | 0 € |
| Profit (loss) for the period, equity | 709 t€ | -923 t€ | -310 t€ | 62 t€ |
| Short-term loan receivables | 0 € | 19 t€ | 19 t€ | 72 t€ |
| Tangible assets | 4,5 M€ | 4,9 M€ | 5,3 M€ | 5,6 M€ |
| Short-term accrued expenses and deferred income | 338 t€ | 358 t€ | 392 t€ | 295 t€ |
| Interest expenses and other financial expenses for non-Group companies | -692 t€ | -865 t€ | -594 t€ | -337 t€ |
| Long-term liabilities to credit institutions | 278 t€ | 842 t€ | 1,5 M€ | 2,0 M€ |
| Other shares and similar rights of ownership | 18 t€ | 10 t€ | 10 t€ | 10 t€ |
| Increase (decrease) in deprecation difference | 0 € | 273 t€ | 356 t€ | 221 t€ |
| Other social security expenses | -82 t€ | -116 t€ | -107 t€ | -94 t€ |
| Short-term sales receivables | 1,3 M€ | 1,6 M€ | 1,4 M€ | 2,4 M€ |
| Depreciations according to plan | -445 t€ | -463 t€ | -483 t€ | -511 t€ |
| Reserve for invested non-restricted equity | 20 t€ | 20 t€ | 20 t€ | 20 t€ |
| Revaluation reserve | 475 t€ | 475 t€ | 475 t€ | 475 t€ |
| Other current liabilities | 1,5 M€ | 3,9 M€ | 2,5 M€ | 736 t€ |
| Inventory increase (+) or decrease (-) | -1,4 M€ | -4,2 M€ | 3,8 M€ | 280 t€ |
| Short-term accounts payable | 677 t€ | 583 t€ | 1,2 M€ | 979 t€ |
| Depreciation difference | – | 0 € | 273 t€ | 629 t€ |
| Retained earnings | 454 t€ | 1,4 M€ | 1,8 M€ | 1,8 M€ |
| Machinery and equipment | 2,1 M€ | 2,4 M€ | 2,7 M€ | 2,9 M€ |
| Long-term subordinated loans | 200 t€ | 200 t€ | 200 t€ | 200 t€ |
| Wages and salaries | -1,5 M€ | -1,7 M€ | -2,0 M€ | -1,7 M€ |
| Other interest and financial income from non-group companies | 833 € | 3 349 € | 2 123 € | 1 130 € |
| Land and water areas, Owned | 111 t€ | 111 t€ | 69 t€ | 69 t€ |
| Other intangible assets | 69 t€ | 83 t€ | 104 t€ | 125 t€ |
| Short-term liabilities to credit institutions | 1,6 M€ | 1,1 M€ | 4,1 M€ | 2,4 M€ |
| Intangible assets | 69 t€ | 83 t€ | 104 t€ | 125 t€ |
| Investments | 18 t€ | 10 t€ | 10 t€ | 10 t€ |
| Other tangible assets | 87 t€ | 92 t€ | 96 t€ | 100 t€ |
| Pension expenses | -279 t€ | -363 t€ | -357 t€ | -301 t€ |
| Materials and supplies | 2,5 M€ | 4,0 M€ | 8,1 M€ | 4,3 M€ |
| Services purchased | -185 t€ | -265 t€ | -1,5 M€ | -625 t€ |
| Liabilities | 9,0 M€ | 10,8 M€ | 15,2 M€ | 12,8 M€ |
| Short-term advances received | 106 € | 33 t€ | 39 € | 10 t€ |
| Short-term prepayments and accrued income | 127 t€ | 169 t€ | 148 t€ | 130 t€ |
| Long-term accounts payable | 1,2 M€ | 1,3 M€ | 1,4 M€ | 1,6 M€ |
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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