Konditoria Galette Oy is a limited company based in Kotka, registered in 1989. In the financial year ending 31.12.2025, revenue was 2,6 M€ and operating profit 167 t€; equity ratio 41.7 %. Its taxable income in 2024 was 212 t€ and its income taxes 43 t€. Public buyers bought 542 € from it in 2023–2024; the largest buyer is Ulosottolaitos (Oikeusministeriön hallinnonala).
Revenue 20252,6 M€+2 % on the previous year
Operating profit167 t€6,5 % of revenue
Net profit131 t€EBITDA 97 t€
Equity ratio41,7 %quick ratio 0,96
Taxable income 2024212 t€
top quarter of its industry
Income taxes 202443 t€110 t€ in 2022–2024
In business37 yrsregistered 24.5.1989
Sales to public buyers542 €2023–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.5.2022 |
|---|---|---|---|---|---|
| Revenue | 2,6 M€ | 2,5 M€ | 2,1 M€ | 1,2 M€ | 481 t€ |
| Revenue change | 2,2 % | 17,4 % | 75,4 % | 153,7 % | – |
| EBITDA | 97 t€ | 251 t€ | 232 t€ | 179 t€ | 71 t€ |
| EBITDA % | 3,8 % | 10,0 % | 10,8 % | 14,6 % | 14,8 % |
| Operating profit | 167 t€ | 213 t€ | 177 t€ | 157 t€ | 68 t€ |
| Operating margin | 6,5 % | 8,5 % | 8,3 % | 12,8 % | 14,2 % |
| Net profit | 131 t€ | 169 t€ | 139 t€ | 123 t€ | 68 t€ |
| Personnel costs | -1,1 M€ | 1,1 M€ | 915 t€ | 463 t€ | 182 t€ |
| Equity ratio | 41,7 % | 47,4 % | 34,5 % | 26,3 % | 20,7 % |
| Quick ratio | 0,96 | 1,27 | 0,96 | 0,77 | 0,71 |
| Current ratio | 1,20 | 1,49 | 1,16 | 0,99 | 0,92 |
| Debt to revenue | 12,6 % | 10,6 % | 15,2 % | 28,4 % | 60,2 % |
| Return on equity | 56,7 % | 70,3 % | 81,1 % | 100,0 % | 89,4 % |
| Balance sheet total | 555 t€ | 506 t€ | 496 t€ | 470 t€ | 365 t€ |
| Equity | 231 t€ | 240 t€ | 171 t€ | 123 t€ | 75 t€ |
| Cash and bank | 111 t€ | 172 t€ | 128 t€ | 123 t€ | 64 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 | 31.5.2022 | |
|---|---|---|---|---|---|
| Turnover | 2,6 M€ | 2,5 M€ | 2,1 M€ | 1,2 M€ | 481 t€ |
| Other operating income | 0 € | 5 286 € | 0 € | 1 900 € | 0 € |
| Raw materials and services | 910 t€ | -856 t€ | -759 t€ | -425 t€ | -175 t€ |
| Personnel expenses | 1,1 M€ | -1,1 M€ | -915 t€ | -463 t€ | -182 t€ |
| Depreciations and reductions in value | 70 t€ | -38 t€ | -55 t€ | -22 t€ | -3 027 € |
| Other operating expenses | 295 t€ | -343 t€ | -236 t€ | -157 t€ | -53 t€ |
| Operating profit (loss) | 167 t€ | 213 t€ | 177 t€ | 157 t€ | 68 t€ |
| Financial income and expenses + (-) | 2 774 € | -2 101 € | -3 318 € | -2 440 € | -634 € |
| Profit (loss) before appropriations and taxes | 164 t€ | 211 t€ | 174 t€ | 154 t€ | 68 t€ |
| Income taxes | 33 t€ | -42 t€ | -35 t€ | -31 t€ | 0 € |
| Profit (loss) for the financial year | 131 t€ | 169 t€ | 139 t€ | 123 t€ | 68 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.5.2022 | |
|---|---|---|---|---|---|
| Non-current assets | 202 t€ | 118 t€ | 184 t€ | 201 t€ | 162 t€ |
| Stocks | 71 t€ | 58 t€ | 55 t€ | 59 t€ | 47 t€ |
| Receivables | 170 t€ | 158 t€ | 129 t€ | 88 t€ | 92 t€ |
| Cash in hand and at banks | 111 t€ | 172 t€ | 128 t€ | 123 t€ | 64 t€ |
| Current assets | 352 t€ | 388 t€ | 312 t€ | 269 t€ | 203 t€ |
| Assets | 555 t€ | 506 t€ | 496 t€ | 470 t€ | 365 t€ |
| Capital and reserves | 231 t€ | 240 t€ | 171 t€ | 123 t€ | 75 t€ |
| Long-term liabilities | 29 t€ | 5 480 € | 56 t€ | 74 t€ | 70 t€ |
| Short-term liabilities | 295 t€ | 261 t€ | 269 t€ | 273 t€ | 220 t€ |
| Liabilities | 323 t€ | 266 t€ | 325 t€ | 347 t€ | 290 t€ |
All financial statement items (53)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.5.2022 | |
|---|---|---|---|---|---|
| Turnover | 2,6 M€ | 2,5 M€ | 2,1 M€ | 1,2 M€ | 481 t€ |
| Other operating income | 0 € | 5 286 € | 0 € | 1 900 € | 0 € |
| Raw materials and services | 910 t€ | -856 t€ | -759 t€ | -425 t€ | -175 t€ |
| Personnel expenses | 1,1 M€ | -1,1 M€ | -915 t€ | -463 t€ | -182 t€ |
| Depreciations and reductions in value | 70 t€ | -38 t€ | -55 t€ | -22 t€ | -3 027 € |
| Other operating expenses | 295 t€ | -343 t€ | -236 t€ | -157 t€ | -53 t€ |
| Operating profit (loss) | 167 t€ | 213 t€ | 177 t€ | 157 t€ | 68 t€ |
| Financial income and expenses + (-) | 2 774 € | -2 101 € | -3 318 € | -2 440 € | -634 € |
| Profit (loss) before appropriations and taxes | 164 t€ | 211 t€ | 174 t€ | 154 t€ | 68 t€ |
| Income taxes | 33 t€ | -42 t€ | -35 t€ | -31 t€ | 0 € |
| Profit (loss) for the financial year | 131 t€ | 169 t€ | 139 t€ | 123 t€ | 68 t€ |
| Non-current assets | 202 t€ | 118 t€ | 184 t€ | 201 t€ | 162 t€ |
| Stocks | 71 t€ | 58 t€ | 55 t€ | 59 t€ | 47 t€ |
| Receivables | 170 t€ | 158 t€ | 129 t€ | 88 t€ | 92 t€ |
| Cash in hand and at banks | 111 t€ | 172 t€ | 128 t€ | 123 t€ | 64 t€ |
| Current assets | 352 t€ | 388 t€ | 312 t€ | 269 t€ | 203 t€ |
| Assets | 555 t€ | 506 t€ | 496 t€ | 470 t€ | 365 t€ |
| Capital and reserves | 231 t€ | 240 t€ | 171 t€ | 123 t€ | 75 t€ |
| Long-term liabilities | 29 t€ | 5 480 € | 56 t€ | 74 t€ | 70 t€ |
| Short-term liabilities | 295 t€ | 261 t€ | 269 t€ | 273 t€ | 220 t€ |
| Liabilities | 323 t€ | 266 t€ | 325 t€ | 347 t€ | 290 t€ |
| Other social security expenses | 38 t€ | -26 t€ | -26 t€ | -12 t€ | -4 273 € |
| Other interest and financial income from non-group companies | 15 € | 196 € | 37 € | 0 € | – |
| Short-term accrued expenses and deferred income | 171 t€ | 166 t€ | 133 t€ | 124 t€ | 130 t€ |
| Tangible assets | 171 t€ | 75 t€ | 128 t€ | 142 t€ | 97 t€ |
| Pension expenses | 170 t€ | -160 t€ | -131 t€ | -75 t€ | -24 t€ |
| Other tangible assets | 118 € | 824 € | 1 530 € | 2 236 € | 2 648 € |
| Short-term liabilities to credit institutions | 14 t€ | 0 € | – | 0 € | 5 941 € |
| Inventory increase (+) or decrease (-) | -13 t€ | 2 510 € | -3 539 € | 11 t€ | -181 € |
| Long-term liabilities to credit institutions | 29 t€ | 0 € | – | – | – |
| Liabilities | 555 t€ | 506 t€ | 496 t€ | 470 t€ | 365 t€ |
| Machinery and equipment | 170 t€ | 74 t€ | 126 t€ | 140 t€ | 94 t€ |
| Short-term loan receivables | 15 t€ | 15 t€ | 15 t€ | 0 € | – |
| Services purchased | 107 t€ | -104 t€ | -96 t€ | -56 t€ | -24 t€ |
| Wages and salaries | 921 t€ | -885 t€ | -758 t€ | -376 t€ | -154 t€ |
| Long-term receivables from participating interests | 56 t€ | 56 t€ | 45 t€ | 0 € | – |
| Long-term accounts payable | 0 € | 5 480 € | 56 t€ | 74 t€ | 70 t€ |
| Intangible assets | 31 t€ | 44 t€ | 56 t€ | 59 t€ | 66 t€ |
| Other short-term receivables | 5 747 € | 6 012 € | 1 € | 0 € | – |
| Short-term prepayments and accrued income | 2 066 € | 2 057 € | 2 950 € | 4 964 € | 4 651 € |
| Purchases during the financial year | 817 t€ | -755 t€ | -659 t€ | -381 t€ | -151 t€ |
| Long-term receivables | 56 t€ | 56 t€ | 45 t€ | 0 € | – |
| Short-term sales receivables | 91 t€ | 79 t€ | 66 t€ | 83 t€ | 87 t€ |
| Short-term advances received | – | – | 0 € | 111 € | 111 € |
| Profit (loss) for the period, equity | 131 t€ | 169 t€ | 139 t€ | 123 t€ | 68 t€ |
| Other current liabilities | 58 t€ | 42 t€ | 42 t€ | 61 t€ | 32 t€ |
| Other intangible assets | 31 t€ | 44 t€ | 56 t€ | 59 t€ | 66 t€ |
| Interest expenses and other financial expenses for non-Group companies | 2 790 € | -2 297 € | -3 355 € | -2 440 € | -634 € |
| Retained earnings | 100 t€ | 71 t€ | 32 t€ | 0 € | 514 t€ |
| Materials and supplies | 71 t€ | 58 t€ | 55 t€ | 59 t€ | 47 t€ |
| Short-term accounts payable | 52 t€ | 52 t€ | 94 t€ | 88 t€ | 51 t€ |
| Depreciations according to plan | 70 t€ | -38 t€ | -55 t€ | -22 t€ | -3 027 € |
| Short-term receivables | 114 t€ | 102 t€ | 84 t€ | 88 t€ | 92 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, Konditoria Galette Oy is in the top quarter of the industry class manufacture of bread; manufacture of fresh pastry goods and cakes (159 companies with taxable income; median 28 t€, 7,5 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
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