Oy Vaasan Joutsen Ab is a limited company based in Vaasa, registered in 1978. In the financial year ending 30.9.2025, revenue was 2,0 M€ and operating profit 289 t€; equity ratio 32.2 %. Its taxable income in 2024 was 74 t€ and its income taxes 15 t€. Public buyers bought 4 631 € from it in 2022–2022; the largest buyer is Työllisyys, kehittämis- ja hallintokeskus (Työ- ja elinkeinoministeriön hallinnonala). It holds 1 alcohol licences.
Revenue 20252,0 M€+100 % on the previous year
Operating profit289 t€14,7 % of revenue
Net profit231 t€EBITDA 289 t€
Equity ratio32,2 %quick ratio 1,18
Taxable income 202474 t€
top quarter of its industry
Income taxes 202415 t€72 t€ in 2020–2024
In business48 yrsregistered 17.2.1978
Sales to public buyers4 631 €2022–2022
Alcohol licences1latest 24.4.1993
Financials
RevenueOperating profitNet profit
| Key figures | 30.9.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 |
|---|---|---|---|---|---|
| Revenue | 2,0 M€ | 985 t€ | 1,0 M€ | 1,1 M€ | 956 t€ |
| Revenue change | 99,6 % | -1,7 % | -11,6 % | 18,5 % | – |
| EBITDA | 289 t€ | 87 t€ | 12 t€ | 109 t€ | 119 t€ |
| EBITDA % | 14,7 % | 8,8 % | 1,2 % | 9,6 % | 12,4 % |
| Operating profit | 289 t€ | 75 t€ | -2 398 € | 90 t€ | 101 t€ |
| Operating margin | 14,7 % | 7,6 % | -0,2 % | 7,9 % | 10,6 % |
| Net profit | 231 t€ | 61 t€ | -2 390 € | 72 t€ | 81 t€ |
| Personnel costs | -562 t€ | 339 t€ | 409 t€ | 408 t€ | 379 t€ |
| Equity ratio | 32,2 % | 75,8 % | 41,7 % | 70,8 % | 65,6 % |
| Quick ratio | 1,18 | 2,82 | 1,13 | 4,12 | 4,08 |
| Current ratio | 1,45 | 2,90 | 1,18 | 4,19 | 4,15 |
| Debt to revenue | 7,5 % | 3,3 % | 5,6 % | 5,9 % | 7,8 % |
| Return on equity | 330,6 % | 60,0 % | -5,9 % | 44,2 % | 56,9 % |
| Balance sheet total | 220 t€ | 134 t€ | 99 t€ | 233 t€ | 220 t€ |
| Equity | 70 t€ | 101 t€ | 40 t€ | 163 t€ | 142 t€ |
| Cash and bank | 42 t€ | 84 t€ | 24 t€ | 158 t€ | 130 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.9.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|
| Turnover | 2,0 M€ | 985 t€ | 1,0 M€ | 1,1 M€ | 956 t€ |
| Other operating income | 13 t€ | 0 € | 0 € | 2 417 € | 97 t€ |
| Raw materials and services | 627 t€ | -293 t€ | -293 t€ | -341 t€ | -309 t€ |
| Personnel expenses | 562 t€ | -339 t€ | -409 t€ | -408 t€ | -379 t€ |
| Depreciations and reductions in value | 0 € | -12 t€ | -14 t€ | -19 t€ | -17 t€ |
| Other operating expenses | 500 t€ | -265 t€ | -287 t€ | -277 t€ | -246 t€ |
| Operating profit (loss) | 289 t€ | 75 t€ | -2 398 € | 90 t€ | 101 t€ |
| Financial income and expenses + (-) | 587 € | 593 € | -214 € | 140 € | -637 € |
| Profit (loss) before appropriations and taxes | 288 t€ | 75 t€ | -2 612 € | 90 t€ | 101 t€ |
| Income taxes | 58 t€ | -15 t€ | 222 € | -18 t€ | -20 t€ |
| Profit (loss) for the financial year | 231 t€ | 61 t€ | -2 390 € | 72 t€ | 81 t€ |
Balance sheet
| 30.9.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 2 142 € | 38 t€ | 45 t€ | 60 t€ | 49 t€ |
| Stocks | 41 t€ | 2 512 € | 2 343 € | 2 800 € | 3 028 € |
| Receivables | 134 t€ | 9 813 € | 28 t€ | 13 t€ | 38 t€ |
| Cash in hand and at banks | 42 t€ | 84 t€ | 24 t€ | 158 t€ | 130 t€ |
| Current assets | 217 t€ | 96 t€ | 54 t€ | 174 t€ | 171 t€ |
| Assets | 220 t€ | 134 t€ | 99 t€ | 233 t€ | 220 t€ |
| Share capital or other similar capital | 3 364 € | 3 364 € | 3 364 € | 3 364 € | 3 364 € |
| Capital and reserves | 70 t€ | 101 t€ | 40 t€ | 163 t€ | 142 t€ |
| Long-term liabilities | – | 0 € | 13 t€ | 29 t€ | 37 t€ |
| Short-term liabilities | 150 t€ | 33 t€ | 46 t€ | 41 t€ | 41 t€ |
| Liabilities | 150 t€ | 33 t€ | 59 t€ | 70 t€ | 78 t€ |
All financial statement items (49)
| 30.9.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|
| Turnover | 2,0 M€ | 985 t€ | 1,0 M€ | 1,1 M€ | 956 t€ |
| Other operating income | 13 t€ | 0 € | 0 € | 2 417 € | 97 t€ |
| Raw materials and services | 627 t€ | -293 t€ | -293 t€ | -341 t€ | -309 t€ |
| Personnel expenses | 562 t€ | -339 t€ | -409 t€ | -408 t€ | -379 t€ |
| Depreciations and reductions in value | 0 € | -12 t€ | -14 t€ | -19 t€ | -17 t€ |
| Other operating expenses | 500 t€ | -265 t€ | -287 t€ | -277 t€ | -246 t€ |
| Operating profit (loss) | 289 t€ | 75 t€ | -2 398 € | 90 t€ | 101 t€ |
| Financial income and expenses + (-) | 587 € | 593 € | -214 € | 140 € | -637 € |
| Profit (loss) before appropriations and taxes | 288 t€ | 75 t€ | -2 612 € | 90 t€ | 101 t€ |
| Income taxes | 58 t€ | -15 t€ | 222 € | -18 t€ | -20 t€ |
| Profit (loss) for the financial year | 231 t€ | 61 t€ | -2 390 € | 72 t€ | 81 t€ |
| Non-current assets | 2 142 € | 38 t€ | 45 t€ | 60 t€ | 49 t€ |
| Stocks | 41 t€ | 2 512 € | 2 343 € | 2 800 € | 3 028 € |
| Receivables | 134 t€ | 9 813 € | 28 t€ | 13 t€ | 38 t€ |
| Cash in hand and at banks | 42 t€ | 84 t€ | 24 t€ | 158 t€ | 130 t€ |
| Current assets | 217 t€ | 96 t€ | 54 t€ | 174 t€ | 171 t€ |
| Assets | 220 t€ | 134 t€ | 99 t€ | 233 t€ | 220 t€ |
| Share capital or other similar capital | 3 364 € | 3 364 € | 3 364 € | 3 364 € | 3 364 € |
| Capital and reserves | 70 t€ | 101 t€ | 40 t€ | 163 t€ | 142 t€ |
| Long-term liabilities | – | 0 € | 13 t€ | 29 t€ | 37 t€ |
| Short-term liabilities | 150 t€ | 33 t€ | 46 t€ | 41 t€ | 41 t€ |
| Liabilities | 150 t€ | 33 t€ | 59 t€ | 70 t€ | 78 t€ |
| Other current liabilities | 19 t€ | 6 328 € | 6 224 € | 6 828 € | 16 t€ |
| Short-term advances received | 2 914 € | 899 € | 2 306 € | 3 074 € | 3 833 € |
| Other tangible assets | 690 € | 690 € | 690 € | 690 € | 690 € |
| Liabilities | 220 t€ | 134 t€ | 99 t€ | 233 t€ | 220 t€ |
| Long-term liabilities to credit institutions | – | 0 € | 13 t€ | 29 t€ | 37 t€ |
| Short-term receivables | 134 t€ | 9 813 € | 28 t€ | 13 t€ | 38 t€ |
| Other short-term receivables | 43 t€ | 8 497 € | 28 t€ | 8 576 € | 7 058 € |
| Machinery and equipment | 0 € | 36 t€ | 43 t€ | 58 t€ | 47 t€ |
| Retained earnings | -164 t€ | 37 t€ | 39 t€ | 87 t€ | 58 t€ |
| Short-term accounts payable | 56 t€ | 14 t€ | 26 t€ | 17 t€ | 13 t€ |
| Wages and salaries | 466 t€ | -279 t€ | -333 t€ | -337 t€ | -308 t€ |
| Other shares and similar rights of ownership | 1 452 € | 1 452 € | 1 452 € | 1 452 € | 1 452 € |
| Profit (loss) for the period, equity | 231 t€ | 61 t€ | -2 390 € | 72 t€ | 81 t€ |
| Interest expenses and other financial expenses for non-Group companies | 4 974 € | 150 € | -432 € | -1 229 € | -738 € |
| Short-term sales receivables | 72 t€ | 0 € | 32 € | 0 € | – |
| Pension expenses | 85 t€ | -53 t€ | -63 t€ | -61 t€ | -61 t€ |
| Short-term prepayments and accrued income | 20 t€ | 1 316 € | 87 € | 4 015 € | 30 t€ |
| Other social security expenses | 12 t€ | -7 629 € | -13 t€ | -10 t€ | -9 974 € |
| Services purchased | 9 290 € | -779 € | 0 € | 0 € | -1 752 € |
| Income from other investments under non-current assets, from other companies | 4 388 € | 443 € | 218 € | 1 369 € | 102 € |
| Purchases during the financial year | 657 t€ | -293 t€ | -293 t€ | -341 t€ | -304 t€ |
| Tangible assets | 690 € | 37 t€ | 44 t€ | 58 t€ | 48 t€ |
| Materials and supplies | 41 t€ | 2 512 € | 2 343 € | 2 800 € | 3 028 € |
| Depreciations according to plan | 0 € | -12 t€ | -14 t€ | -19 t€ | -17 t€ |
| Short-term accrued expenses and deferred income | 72 t€ | 12 t€ | 11 t€ | 15 t€ | 8 326 € |
| Investments | 1 452 € | 1 452 € | 1 452 € | 1 452 € | 1 452 € |
| Inventory increase (+) or decrease (-) | -39 t€ | 169 € | -457 € | -228 € | -3 068 € |
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, Oy Vaasan Joutsen Ab is in the top quarter of the industry class restaurants and cafeterias (3068 companies with taxable income; median 22 t€, 3,3 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.
Sales to public buyers
Largest buyers
Alcohol licences
- Ravintola FarosKalarantaAnniskelu
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