Hettula Oy is a limited company based in Kittilä, registered in 1979. In the financial year ending 31.12.2024, revenue was 6,8 M€ and operating profit 897 t€; equity ratio 67.6 %. Its taxable income in 2024 was 840 t€ and its income taxes 171 t€. Public buyers bought 2 632 € from it in 2022–2026; the largest buyer is Työllisyys, kehittämis- ja hallintokeskus (Työ- ja elinkeinoministeriön hallinnonala).
Financials
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 6,8 M€ | 6,1 M€ |
| Revenue change | 11,0 % | – |
| EBITDA | 1,8 M€ | 1,4 M€ |
| EBITDA % | 25,8 % | 23,3 % |
| Operating profit | 897 t€ | 569 t€ |
| Operating margin | 13,2 % | 9,3 % |
| Net profit | 668 t€ | 405 t€ |
| Personnel costs | 1,8 M€ | 1,6 M€ |
| Equity ratio | 67,6 % | 63,1 % |
| Quick ratio | 2,18 | 2,31 |
| Current ratio | 2,19 | 2,31 |
| Debt to revenue | 31,6 % | 37,8 % |
| Return on equity | 14,9 % | 10,2 % |
| Balance sheet total | 6,6 M€ | 6,3 M€ |
| Equity | 4,5 M€ | 4,0 M€ |
| Cash and bank | 1,2 M€ | 916 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 6,8 M€ | 6,1 M€ |
| Raw materials and services | -2,4 M€ | -2,3 M€ |
| Personnel expenses | -1,8 M€ | -1,6 M€ |
| Depreciations and reductions in value | -858 t€ | -860 t€ |
| Other operating expenses | -917 t€ | -855 t€ |
| Operating profit (loss) | 897 t€ | 569 t€ |
| Financial income and expenses + (-) | -62 t€ | -63 t€ |
| Profit (loss) before appropriations and taxes | 836 t€ | 506 t€ |
| Income taxes | -168 t€ | -101 t€ |
| Profit (loss) for the financial year | 668 t€ | 405 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 3,3 M€ | 3,4 M€ |
| Stocks | 13 t€ | 11 t€ |
| Receivables | 1,3 M€ | 1,1 M€ |
| Cash in hand and at banks | 1,2 M€ | 916 t€ |
| Current assets | 3,3 M€ | 2,9 M€ |
| Assets | 6,6 M€ | 6,3 M€ |
| Share capital or other similar capital | 7 568 € | 7 568 € |
| Capital and reserves | 4,5 M€ | 4,0 M€ |
| Long-term liabilities | 636 t€ | 1,1 M€ |
| Short-term liabilities | 1,5 M€ | 1,3 M€ |
| Liabilities | 2,2 M€ | 2,3 M€ |
All financial statement items (59)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 6,8 M€ | 6,1 M€ |
| Raw materials and services | -2,4 M€ | -2,3 M€ |
| Personnel expenses | -1,8 M€ | -1,6 M€ |
| Depreciations and reductions in value | -858 t€ | -860 t€ |
| Other operating expenses | -917 t€ | -855 t€ |
| Operating profit (loss) | 897 t€ | 569 t€ |
| Financial income and expenses + (-) | -62 t€ | -63 t€ |
| Profit (loss) before appropriations and taxes | 836 t€ | 506 t€ |
| Income taxes | -168 t€ | -101 t€ |
| Profit (loss) for the financial year | 668 t€ | 405 t€ |
| Non-current assets | 3,3 M€ | 3,4 M€ |
| Stocks | 13 t€ | 11 t€ |
| Receivables | 1,3 M€ | 1,1 M€ |
| Cash in hand and at banks | 1,2 M€ | 916 t€ |
| Current assets | 3,3 M€ | 2,9 M€ |
| Assets | 6,6 M€ | 6,3 M€ |
| Share capital or other similar capital | 7 568 € | 7 568 € |
| Capital and reserves | 4,5 M€ | 4,0 M€ |
| Long-term liabilities | 636 t€ | 1,1 M€ |
| Short-term liabilities | 1,5 M€ | 1,3 M€ |
| Liabilities | 2,2 M€ | 2,3 M€ |
| Inventory increase (+) or decrease (-) | 1 911 € | 103 € |
| Short-term sales receivables | 1,2 M€ | 1,0 M€ |
| Short-term prepayments and accrued income | 24 t€ | 21 t€ |
| Purchases during the financial year | -1,4 M€ | -1,4 M€ |
| Tangible assets | 3,2 M€ | 3,2 M€ |
| Intangible assets | 15 t€ | 35 t€ |
| Retained earnings | 3,8 M€ | 3,6 M€ |
| Other current liabilities | 309 t€ | 230 t€ |
| Buildings and structures, Owned | 715 t€ | 722 t€ |
| Other interest and financial income from non-group companies | 308 € | 31 € |
| Liabilities | 6,6 M€ | 6,3 M€ |
| Other social security expenses | -79 t€ | -53 t€ |
| Long-term receivables | 24 t€ | 27 t€ |
| Services purchased | -1,0 M€ | -854 t€ |
| Short-term loan receivables | 0 € | 1 100 € |
| Interest expenses and other financial expenses for non-Group companies | -69 t€ | -68 t€ |
| Long-term accounts payable | 393 t€ | 703 t€ |
| Other tangible assets | 237 t€ | 254 t€ |
| Investments | 112 t€ | 107 t€ |
| Short-term accounts payable | 403 t€ | 340 t€ |
| Goodwill | 0 € | 20 t€ |
| Intangible rights | 15 t€ | 15 t€ |
| Profit (loss) for the period, equity | 668 t€ | 405 t€ |
| Other shares and holdings | 862 t€ | 862 t€ |
| Depreciations according to plan | -858 t€ | -860 t€ |
| Other long-term receivables | 24 t€ | 27 t€ |
| Finished products | 13 t€ | 11 t€ |
| Pension expenses | -286 t€ | -267 t€ |
| Other shares and similar rights of ownership | 112 t€ | 107 t€ |
| Machinery and equipment | 2,2 M€ | 2,3 M€ |
| Shares and holdings | 862 t€ | 862 t€ |
| Long-term liabilities to credit institutions | 243 t€ | 360 t€ |
| Other short-term receivables | 25 t€ | 25 t€ |
| Short-term receivables | 1,3 M€ | 1,1 M€ |
| Income from other investments under non-current assets, from other companies | 6 602 € | 4 686 € |
| Wages and salaries | -1,4 M€ | -1,2 M€ |
| Short-term accrued expenses and deferred income | 388 t€ | 215 t€ |
| Short-term liabilities to credit institutions | 418 t€ | 469 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, Hettula Oy is in the top 10 % of the industry class collection of non-hazardous waste (95 companies with taxable income; median 94 t€, 8,9 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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