Elo & Elo Oy is a limited company based in Turku, registered in 1981. In the financial year ending 30.9.2022, revenue was 537 t€ and operating profit 319 t€; equity ratio 58.3 %. Public buyers bought 919 € from it in 2022–2023; the largest buyer is Maahanmuuttovirasto (Sisäministeriön hallinnonala).
Revenue 2022537 t€+11 % on the previous year
Operating profit319 t€59,5 % of revenue
Net profit235 t€EBITDA 320 t€
Equity ratio58,3 %quick ratio 0,38
Taxable income 20240 €
-100 % on the previous year
Income taxes 20240 €206 t€ in 2020–2024
In business45 yrsregistered 1.10.1981
Sales to public buyers919 €2022–2023
Financials
RevenueOperating profitNet profit
| Key figures | 30.9.2022 | 30.9.2021 |
|---|---|---|
| Revenue | 537 t€ | 482 t€ |
| Revenue change | 11,3 % | – |
| EBITDA | 320 t€ | 355 t€ |
| EBITDA % | 59,6 % | 73,6 % |
| Operating profit | 319 t€ | 354 t€ |
| Operating margin | 59,5 % | 73,5 % |
| Net profit | 235 t€ | 262 t€ |
| Personnel costs | 18 t€ | 18 t€ |
| Equity ratio | 58,3 % | 56,2 % |
| Quick ratio | 0,38 | 0,38 |
| Current ratio | 2,31 | 2,20 |
| Debt to revenue | 297,3 % | 350,7 % |
| Return on equity | 10,6 % | 12,1 % |
| Balance sheet total | 3,8 M€ | 3,9 M€ |
| Equity | 2,2 M€ | 2,2 M€ |
| Cash and bank | 14 t€ | 91 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.9.2022 | 30.9.2021 | |
|---|---|---|
| Turnover | 537 t€ | 482 t€ |
| Raw materials and services | -42 t€ | -5 152 € |
| Personnel expenses | -18 t€ | -18 t€ |
| Depreciations and reductions in value | -600 € | -800 € |
| Other operating expenses | -157 t€ | -104 t€ |
| Operating profit (loss) | 319 t€ | 354 t€ |
| Financial income and expenses + (-) | -24 t€ | -27 t€ |
| Profit (loss) before appropriations and taxes | 295 t€ | 328 t€ |
| Income taxes | -60 t€ | -66 t€ |
| Profit (loss) for the financial year | 235 t€ | 262 t€ |
Balance sheet
| 30.9.2022 | 30.9.2021 | |
|---|---|---|
| Non-current assets | 135 t€ | 136 t€ |
| Stocks | 3,1 M€ | 3,1 M€ |
| Receivables | 589 t€ | 546 t€ |
| Cash in hand and at banks | 14 t€ | 91 t€ |
| Current assets | 3,7 M€ | 3,7 M€ |
| Assets | 3,8 M€ | 3,9 M€ |
| Share capital or other similar capital | 120 t€ | 120 t€ |
| Capital and reserves | 2,2 M€ | 2,2 M€ |
| Short-term liabilities | 1,6 M€ | 1,7 M€ |
| Liabilities | 1,6 M€ | 1,7 M€ |
All financial statement items (45)
| 30.9.2022 | 30.9.2021 | |
|---|---|---|
| Turnover | 537 t€ | 482 t€ |
| Raw materials and services | -42 t€ | -5 152 € |
| Personnel expenses | -18 t€ | -18 t€ |
| Depreciations and reductions in value | -600 € | -800 € |
| Other operating expenses | -157 t€ | -104 t€ |
| Operating profit (loss) | 319 t€ | 354 t€ |
| Financial income and expenses + (-) | -24 t€ | -27 t€ |
| Profit (loss) before appropriations and taxes | 295 t€ | 328 t€ |
| Income taxes | -60 t€ | -66 t€ |
| Profit (loss) for the financial year | 235 t€ | 262 t€ |
| Non-current assets | 135 t€ | 136 t€ |
| Stocks | 3,1 M€ | 3,1 M€ |
| Receivables | 589 t€ | 546 t€ |
| Cash in hand and at banks | 14 t€ | 91 t€ |
| Current assets | 3,7 M€ | 3,7 M€ |
| Assets | 3,8 M€ | 3,9 M€ |
| Share capital or other similar capital | 120 t€ | 120 t€ |
| Capital and reserves | 2,2 M€ | 2,2 M€ |
| Short-term liabilities | 1,6 M€ | 1,7 M€ |
| Liabilities | 1,6 M€ | 1,7 M€ |
| Purchases during the financial year | -27 t€ | -3 520 € |
| Short-term sales receivables | 2 786 € | 0 € |
| Short-term prepayments and accrued income | 11 t€ | 376 € |
| Other stocks | 3,1 M€ | 3,1 M€ |
| Tangible assets | 1 800 € | 2 401 € |
| Retained earnings | 1,9 M€ | 1,8 M€ |
| Other current liabilities | 1,3 M€ | 1,4 M€ |
| Other interest and financial income from non-group companies | 0 € | 0 € |
| Liabilities | 3,8 M€ | 3,9 M€ |
| Other social security expenses | -206 € | -240 € |
| Services purchased | -16 t€ | -1 632 € |
| Short-term loan receivables | 30 t€ | 0 € |
| Interest expenses and other financial expenses for non-Group companies | -24 t€ | -27 t€ |
| Investments | 133 t€ | 133 t€ |
| Short-term accounts payable | 6 147 € | 8 888 € |
| Profit (loss) for the period, equity | 235 t€ | 262 t€ |
| Depreciations according to plan | -600 € | -800 € |
| Current receivables from Group companies | 545 t€ | 545 t€ |
| Other shares and similar rights of ownership | 133 t€ | 133 t€ |
| Machinery and equipment | 1 800 € | 2 401 € |
| Other short-term receivables | 200 € | 200 € |
| Short-term receivables | 589 t€ | 546 t€ |
| Wages and salaries | -18 t€ | -18 t€ |
| Short-term accrued expenses and deferred income | 8 882 € | 2 550 € |
| Short-term liabilities to credit institutions | 267 t€ | 326 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
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
Follow companies in your area
New companies, bankruptcies and changes of CEO and property manager in the areas and industries you choose, by email. 14-day free trial, cancel any time.
Try for free