Retermia Oy is a limited company based in Heinola, registered in 1982. In the financial year ending 31.12.2025, revenue was 4,3 M€ and operating profit 24 t€; equity ratio 31.3 %. Its taxable income in 2024 was 306 t€ and its income taxes 62 t€.
Revenue 20254,3 M€-4 % on the previous year
Operating profit24 t€0,6 % of revenue
Net profit32 t€EBITDA -83 t€
Equity ratio31,3 %quick ratio 0,30
Taxable income 2024306 t€
top quarter of its industry
Income taxes 202462 t€95 t€ in 2020–2024
In business44 yrsregistered 28.1.1982
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 4,3 M€ | 4,5 M€ | 5,6 M€ | 3,6 M€ | 4,4 M€ |
| Revenue change | -4,0 % | -20,8 % | 54,6 % | -16,7 % | – |
| EBITDA | -83 t€ | 377 t€ | 744 t€ | -372 t€ | 622 t€ |
| EBITDA % | -1,9 % | 8,4 % | 13,2 % | -10,2 % | 14,2 % |
| Operating profit | 24 t€ | 277 t€ | 588 t€ | -440 t€ | 557 t€ |
| Operating margin | 0,6 % | 6,2 % | 10,4 % | -12,1 % | 12,7 % |
| Net profit | 32 t€ | 215 t€ | 592 t€ | -431 t€ | 12 t€ |
| Personnel costs | -948 t€ | 977 t€ | 1,1 M€ | 971 t€ | 876 t€ |
| Equity ratio | 31,3 % | 31,1 % | 23,8 % | 7,5 % | 17,7 % |
| Quick ratio | 0,30 | 0,42 | 0,34 | 0,41 | 0,81 |
| Current ratio | 0,69 | 0,84 | 0,72 | 0,97 | 1,13 |
| Debt to revenue | 52,6 % | 49,3 % | 44,2 % | 63,9 % | 65,5 % |
| Return on equity | 3,1 % | 21,6 % | 75,9 % | -228,4 % | 1,9 % |
| Balance sheet total | 3,5 M€ | 3,2 M€ | 3,4 M€ | 2,6 M€ | 3,5 M€ |
| Equity | 1,0 M€ | 996 t€ | 781 t€ | 189 t€ | 619 t€ |
| Cash and bank | 461 t€ | 540 t€ | 553 t€ | 409 t€ | 1,9 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 4,3 M€ | 4,5 M€ | 5,6 M€ | 3,6 M€ | 4,4 M€ |
| Other operating income | 3 706 € | 21 t€ | 37 t€ | 62 t€ | 3 240 € |
| Raw materials and services | 2,5 M€ | -2,4 M€ | -3,0 M€ | -2,5 M€ | -2,4 M€ |
| Personnel expenses | 948 t€ | -977 t€ | -1,1 M€ | -971 t€ | -876 t€ |
| Depreciations and reductions in value | 107 t€ | -100 t€ | -156 t€ | -69 t€ | -65 t€ |
| Other operating expenses | 775 t€ | -763 t€ | -700 t€ | -690 t€ | -641 t€ |
| Operating profit (loss) | 24 t€ | 277 t€ | 588 t€ | -440 t€ | 557 t€ |
| Financial income and expenses + (-) | -15 t€ | 27 t€ | 5 978 € | 9 910 € | 8 826 € |
| Profit (loss) before appropriations and taxes | 40 t€ | 305 t€ | 594 t€ | -431 t€ | 566 t€ |
| Income taxes | 7 942 € | -90 t€ | -1 970 € | 0 € | – |
| Profit (loss) for the financial year | 32 t€ | 215 t€ | 592 t€ | -431 t€ | 12 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 1,8 M€ | 1,4 M€ | 1,5 M€ | 259 t€ | 242 t€ |
| Stocks | 949 t€ | 925 t€ | 981 t€ | 1,3 M€ | 933 t€ |
| Receivables | 286 t€ | 401 t€ | 340 t€ | 564 t€ | 403 t€ |
| Cash in hand and at banks | 461 t€ | 540 t€ | 553 t€ | 409 t€ | 1,9 M€ |
| Current assets | 1,7 M€ | 1,9 M€ | 1,9 M€ | 2,3 M€ | 3,3 M€ |
| Assets | 3,5 M€ | 3,2 M€ | 3,4 M€ | 2,6 M€ | 3,5 M€ |
| Share capital or other similar capital | 108 t€ | 108 t€ | 108 t€ | 108 t€ | 108 t€ |
| Capital and reserves | 1,0 M€ | 996 t€ | 781 t€ | 189 t€ | 619 t€ |
| Short-term liabilities | 2,5 M€ | 2,2 M€ | 2,6 M€ | 2,4 M€ | 2,9 M€ |
| Liabilities | 2,5 M€ | 2,2 M€ | 2,6 M€ | 2,4 M€ | 2,9 M€ |
All financial statement items (62)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 4,3 M€ | 4,5 M€ | 5,6 M€ | 3,6 M€ | 4,4 M€ |
| Other operating income | 3 706 € | 21 t€ | 37 t€ | 62 t€ | 3 240 € |
| Raw materials and services | 2,5 M€ | -2,4 M€ | -3,0 M€ | -2,5 M€ | -2,4 M€ |
| Personnel expenses | 948 t€ | -977 t€ | -1,1 M€ | -971 t€ | -876 t€ |
| Depreciations and reductions in value | 107 t€ | -100 t€ | -156 t€ | -69 t€ | -65 t€ |
| Other operating expenses | 775 t€ | -763 t€ | -700 t€ | -690 t€ | -641 t€ |
| Operating profit (loss) | 24 t€ | 277 t€ | 588 t€ | -440 t€ | 557 t€ |
| Financial income and expenses + (-) | -15 t€ | 27 t€ | 5 978 € | 9 910 € | 8 826 € |
| Profit (loss) before appropriations and taxes | 40 t€ | 305 t€ | 594 t€ | -431 t€ | 566 t€ |
| Income taxes | 7 942 € | -90 t€ | -1 970 € | 0 € | – |
| Profit (loss) for the financial year | 32 t€ | 215 t€ | 592 t€ | -431 t€ | 12 t€ |
| Non-current assets | 1,8 M€ | 1,4 M€ | 1,5 M€ | 259 t€ | 242 t€ |
| Stocks | 949 t€ | 925 t€ | 981 t€ | 1,3 M€ | 933 t€ |
| Receivables | 286 t€ | 401 t€ | 340 t€ | 564 t€ | 403 t€ |
| Cash in hand and at banks | 461 t€ | 540 t€ | 553 t€ | 409 t€ | 1,9 M€ |
| Current assets | 1,7 M€ | 1,9 M€ | 1,9 M€ | 2,3 M€ | 3,3 M€ |
| Assets | 3,5 M€ | 3,2 M€ | 3,4 M€ | 2,6 M€ | 3,5 M€ |
| Share capital or other similar capital | 108 t€ | 108 t€ | 108 t€ | 108 t€ | 108 t€ |
| Capital and reserves | 1,0 M€ | 996 t€ | 781 t€ | 189 t€ | 619 t€ |
| Short-term liabilities | 2,5 M€ | 2,2 M€ | 2,6 M€ | 2,4 M€ | 2,9 M€ |
| Liabilities | 2,5 M€ | 2,2 M€ | 2,6 M€ | 2,4 M€ | 2,9 M€ |
| Other current liabilities | 29 t€ | 24 t€ | 57 t€ | 16 t€ | 85 t€ |
| Short-term advances received | 195 t€ | 32 t€ | 116 t€ | 32 t€ | 10 t€ |
| Work in progress | 117 t€ | 81 t€ | 24 t€ | 390 t€ | 278 t€ |
| Other tangible assets | 108 t€ | 11 t€ | 23 t€ | 37 t€ | 71 t€ |
| Other intangible assets | 113 t€ | 92 t€ | 50 t€ | 0 € | – |
| Liabilities | 3,5 M€ | 3,2 M€ | 3,4 M€ | 2,6 M€ | 3,5 M€ |
| Short-term receivables | 265 t€ | 401 t€ | 340 t€ | 564 t€ | 403 t€ |
| Other short-term receivables | 39 t€ | 100 € | 2 596 € | 129 t€ | 100 € |
| Land and water areas, Owned | 42 t€ | 42 t€ | 42 t€ | 42 t€ | 35 t€ |
| Other interest and financial income from non-group companies | 5 823 € | 46 € | 7 € | 10 € | 2 € |
| Finished products | 148 t€ | 137 t€ | 160 t€ | 0 € | 9 288 € |
| Machinery and equipment | 1,2 M€ | 83 t€ | 144 t€ | 53 t€ | 41 t€ |
| Retained earnings | 888 t€ | 673 t€ | 81 t€ | 511 t€ | 500 t€ |
| Short-term liabilities to Group companies | 1,8 M€ | 1,8 M€ | 1,8 M€ | 1,8 M€ | 2,4 M€ |
| Short-term accounts payable | 223 t€ | 115 t€ | 398 t€ | 348 t€ | 296 t€ |
| Land and water areas, Rental rights | 6 695 € | 6 695 € | 6 760 € | 0 € | – |
| Wages and salaries | 771 t€ | -797 t€ | -881 t€ | -783 t€ | -705 t€ |
| Advance payments and construction in progress | 0 € | 721 t€ | 363 t€ | 11 t€ | 0 € |
| Intangible assets | 115 t€ | 104 t€ | 69 t€ | 30 t€ | 41 t€ |
| Other shares and similar rights of ownership | 198 t€ | 308 t€ | 776 t€ | 3 249 € | 3 249 € |
| Short-term sales receivables | 128 t€ | 120 t€ | 303 t€ | 387 t€ | 389 t€ |
| Profit (loss) for the period, equity | 32 t€ | 215 t€ | 592 t€ | -431 t€ | 12 t€ |
| Interest expenses and other financial expenses for non-Group companies | 3 846 € | -4 071 € | -30 € | -2 100 € | -3 176 € |
| Pension expenses | 140 t€ | -151 t€ | -160 t€ | -149 t€ | -131 t€ |
| Short-term prepayments and accrued income | 98 t€ | 282 t€ | 34 t€ | 48 t€ | 14 t€ |
| Buildings and structures, Owned | 141 t€ | 86 t€ | 95 t€ | 83 t€ | 51 t€ |
| Change in stocks of products + (-) | 47 t€ | 34 t€ | -206 t€ | 103 t€ | 137 t€ |
| Other social security expenses | 37 t€ | -29 t€ | -33 t€ | -39 t€ | -40 t€ |
| Long-term receivables | 21 t€ | 0 € | – | – | – |
| Services purchased | 126 t€ | -127 t€ | -137 t€ | -127 t€ | -130 t€ |
| Other long-term receivables | 21 t€ | 0 € | – | – | – |
| Income from other investments under non-current assets, from other companies | 13 t€ | 31 t€ | 6 000 € | 12 t€ | 12 t€ |
| Purchases during the financial year | 2,3 M€ | -2,2 M€ | -2,7 M€ | -2,7 M€ | -2,4 M€ |
| Tangible assets | 1,5 M€ | 951 t€ | 673 t€ | 226 t€ | 198 t€ |
| Materials and supplies | 684 t€ | 707 t€ | 797 t€ | 929 t€ | 646 t€ |
| Depreciations according to plan | 107 t€ | -100 t€ | -156 t€ | -69 t€ | -65 t€ |
| Short-term accrued expenses and deferred income | 174 t€ | 233 t€ | 211 t€ | 139 t€ | 112 t€ |
| Group contribution | – | – | – | 0 € | -554 t€ |
| Intangible rights | 2 138 € | 11 t€ | 19 t€ | 30 t€ | 41 t€ |
| Inventory increase (+) or decrease (-) | 23 t€ | -89 t€ | -132 t€ | 284 t€ | 121 t€ |
| Investments | 198 t€ | 308 t€ | 776 t€ | 3 249 € | 3 249 € |
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, Retermia Oy is in the top quarter of the industry class mechanical and process engineering design and technical consultancy (680 companies with taxable income; median 26 t€, 12 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.
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