Metallityö H. Turunen Oy is a limited company based in Rusko, registered in 1983. In the financial year ending 31.5.2026, revenue was 2,1 M€ and operating profit 1,0 M€; equity ratio 96.0 %. Its taxable income in 2024 was 912 t€ and its income taxes 185 t€.
Revenue 20262,1 M€-2 % on the previous year
Operating profit1,0 M€49,7 % of revenue
Net profit857 t€EBITDA 965 t€
Equity ratio96,0 %quick ratio 17,35
Taxable income 2024912 t€
top 10 % of its industry
Income taxes 2024185 t€452 t€ in 2020–2024
In business43 yrsregistered 24.2.1983
Financials
RevenueOperating profitNet profit
| Key figures | 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 |
|---|---|---|---|---|---|---|
| Revenue | 2,1 M€ | 2,1 M€ | 2,1 M€ | 2,0 M€ | 1,4 M€ | 867 t€ |
| Revenue change | -1,9 % | 0,0 % | 9,1 % | 42,9 % | 58,3 % | – |
| EBITDA | 965 t€ | 1 000 t€ | 1,0 M€ | 747 t€ | 468 t€ | 269 t€ |
| EBITDA % | 46,0 % | 46,7 % | 48,9 % | 38,1 % | 34,1 % | 31,0 % |
| Operating profit | 1,0 M€ | 879 t€ | 895 t€ | 654 t€ | 364 t€ | 172 t€ |
| Operating margin | 49,7 % | 41,1 % | 41,8 % | 33,3 % | 26,5 % | 19,8 % |
| Net profit | 857 t€ | 727 t€ | 728 t€ | 522 t€ | 291 t€ | 139 t€ |
| Personnel costs | -252 t€ | 234 t€ | 159 t€ | 198 t€ | 152 t€ | 121 t€ |
| Equity ratio | 96,0 % | 95,1 % | 95,3 % | 94,6 % | 93,8 % | 83,7 % |
| Quick ratio | 17,35 | 13,87 | 14,08 | 11,37 | 7,62 | 3,29 |
| Current ratio | 20,34 | 15,85 | 15,41 | 12,35 | 9,46 | 3,57 |
| Debt to revenue | 8,5 % | 8,9 % | 7,2 % | 7,3 % | 10,6 % | 46,3 % |
| Return on equity | 20,2 % | 19,9 % | 23,4 % | 20,5 % | 13,3 % | 6,7 % |
| Balance sheet total | 4,4 M€ | 3,8 M€ | 3,3 M€ | 2,7 M€ | 2,3 M€ | 2,5 M€ |
| Equity | 4,2 M€ | 3,6 M€ | 3,1 M€ | 2,5 M€ | 2,2 M€ | 2,1 M€ |
| Cash and bank | 2,9 M€ | 2,2 M€ | 1,9 M€ | 1,3 M€ | 779 t€ | 1,1 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 2,1 M€ | 2,1 M€ | 2,1 M€ | 2,0 M€ | 1,4 M€ | 867 t€ |
| Other operating income | 0 € | 15 t€ | 24 t€ | 29 t€ | 37 t€ | 31 t€ |
| Raw materials and services | 780 t€ | -759 t€ | -847 t€ | -808 t€ | -708 t€ | -329 t€ |
| Personnel expenses | 252 t€ | -234 t€ | -159 t€ | -198 t€ | -152 t€ | -121 t€ |
| Depreciations and reductions in value | 78 t€ | -121 t€ | -152 t€ | -93 t€ | -104 t€ | -97 t€ |
| Other operating expenses | 151 t€ | -216 t€ | -188 t€ | -188 t€ | -118 t€ | -118 t€ |
| Operating profit (loss) | 1,0 M€ | 879 t€ | 895 t€ | 654 t€ | 364 t€ | 172 t€ |
| Financial income and expenses + (-) | -28 t€ | 29 t€ | 16 t€ | 595 € | 718 € | 1 005 € |
| Profit (loss) before appropriations and taxes | 1,1 M€ | 908 t€ | 912 t€ | 654 t€ | 364 t€ | 173 t€ |
| Income taxes | 214 t€ | -182 t€ | -183 t€ | -132 t€ | -73 t€ | -35 t€ |
| Profit (loss) for the financial year | 857 t€ | 727 t€ | 728 t€ | 522 t€ | 291 t€ | 139 t€ |
Balance sheet
| 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 786 t€ | 828 t€ | 906 t€ | 912 t€ | 961 t€ | 1,0 M€ |
| Stocks | 534 t€ | 376 t€ | 205 t€ | 142 t€ | 267 t€ | 111 t€ |
| Receivables | 209 t€ | 387 t€ | 285 t€ | 304 t€ | 327 t€ | 196 t€ |
| Cash in hand and at banks | 2,9 M€ | 2,2 M€ | 1,9 M€ | 1,3 M€ | 779 t€ | 1,1 M€ |
| Current assets | 3,6 M€ | 3,0 M€ | 2,4 M€ | 1,8 M€ | 1,4 M€ | 1,4 M€ |
| Assets | 4,4 M€ | 3,8 M€ | 3,3 M€ | 2,7 M€ | 2,3 M€ | 2,5 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 4,2 M€ | 3,6 M€ | 3,1 M€ | 2,5 M€ | 2,2 M€ | 2,1 M€ |
| Short-term liabilities | 179 t€ | 190 t€ | 153 t€ | 144 t€ | 145 t€ | 402 t€ |
| Liabilities | 179 t€ | 190 t€ | 153 t€ | 144 t€ | 145 t€ | 402 t€ |
All financial statement items (53)
| 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 2,1 M€ | 2,1 M€ | 2,1 M€ | 2,0 M€ | 1,4 M€ | 867 t€ |
| Other operating income | 0 € | 15 t€ | 24 t€ | 29 t€ | 37 t€ | 31 t€ |
| Raw materials and services | 780 t€ | -759 t€ | -847 t€ | -808 t€ | -708 t€ | -329 t€ |
| Personnel expenses | 252 t€ | -234 t€ | -159 t€ | -198 t€ | -152 t€ | -121 t€ |
| Depreciations and reductions in value | 78 t€ | -121 t€ | -152 t€ | -93 t€ | -104 t€ | -97 t€ |
| Other operating expenses | 151 t€ | -216 t€ | -188 t€ | -188 t€ | -118 t€ | -118 t€ |
| Operating profit (loss) | 1,0 M€ | 879 t€ | 895 t€ | 654 t€ | 364 t€ | 172 t€ |
| Financial income and expenses + (-) | -28 t€ | 29 t€ | 16 t€ | 595 € | 718 € | 1 005 € |
| Profit (loss) before appropriations and taxes | 1,1 M€ | 908 t€ | 912 t€ | 654 t€ | 364 t€ | 173 t€ |
| Income taxes | 214 t€ | -182 t€ | -183 t€ | -132 t€ | -73 t€ | -35 t€ |
| Profit (loss) for the financial year | 857 t€ | 727 t€ | 728 t€ | 522 t€ | 291 t€ | 139 t€ |
| Non-current assets | 786 t€ | 828 t€ | 906 t€ | 912 t€ | 961 t€ | 1,0 M€ |
| Stocks | 534 t€ | 376 t€ | 205 t€ | 142 t€ | 267 t€ | 111 t€ |
| Receivables | 209 t€ | 387 t€ | 285 t€ | 304 t€ | 327 t€ | 196 t€ |
| Cash in hand and at banks | 2,9 M€ | 2,2 M€ | 1,9 M€ | 1,3 M€ | 779 t€ | 1,1 M€ |
| Current assets | 3,6 M€ | 3,0 M€ | 2,4 M€ | 1,8 M€ | 1,4 M€ | 1,4 M€ |
| Assets | 4,4 M€ | 3,8 M€ | 3,3 M€ | 2,7 M€ | 2,3 M€ | 2,5 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 4,2 M€ | 3,6 M€ | 3,1 M€ | 2,5 M€ | 2,2 M€ | 2,1 M€ |
| Short-term liabilities | 179 t€ | 190 t€ | 153 t€ | 144 t€ | 145 t€ | 402 t€ |
| Liabilities | 179 t€ | 190 t€ | 153 t€ | 144 t€ | 145 t€ | 402 t€ |
| Short-term accounts payable | 32 t€ | 78 t€ | 16 t€ | 75 t€ | 11 t€ | 36 t€ |
| Short-term prepayments and accrued income | 19 t€ | 26 t€ | 16 t€ | 20 t€ | 6 082 € | 30 t€ |
| Depreciations according to plan | 78 t€ | -121 t€ | -152 t€ | -93 t€ | -104 t€ | -97 t€ |
| Land and water areas, Owned | 45 t€ | 45 t€ | 45 t€ | 45 t€ | 45 t€ | 45 t€ |
| Investments | 387 € | 387 € | 387 € | 387 € | 25 t€ | 25 t€ |
| Retained earnings | 3,4 M€ | 2,9 M€ | 2,4 M€ | 2,0 M€ | 1,9 M€ | 1,9 M€ |
| Liabilities | 4,4 M€ | 3,8 M€ | 3,3 M€ | 2,7 M€ | 2,3 M€ | 2,5 M€ |
| Intangible assets | 27 t€ | 31 t€ | 35 t€ | 20 t€ | 538 € | 538 € |
| Change in stocks of products + (-) | 204 t€ | 53 t€ | 77 t€ | -48 t€ | 35 t€ | -61 t€ |
| Other interest and financial income from non-group companies | 28 t€ | 30 t€ | 16 t€ | 29 € | 41 € | 243 € |
| Intangible rights | 538 € | 538 € | 538 € | 538 € | 538 € | 538 € |
| Short-term receivables | 209 t€ | 387 t€ | 285 t€ | 304 t€ | 327 t€ | 196 t€ |
| Short-term accrued expenses and deferred income | 80 t€ | 47 t€ | 78 t€ | 24 t€ | 70 t€ | 26 t€ |
| Purchases during the financial year | 691 t€ | -865 t€ | -821 t€ | -692 t€ | -815 t€ | -356 t€ |
| Short-term sales receivables | 190 t€ | 354 t€ | 261 t€ | 282 t€ | 298 t€ | 152 t€ |
| Inventory increase (+) or decrease (-) | 46 t€ | 118 t€ | -14 t€ | -78 t€ | 121 t€ | 41 t€ |
| Pension expenses | 35 t€ | -35 t€ | -26 t€ | -30 t€ | -24 t€ | -20 t€ |
| Services purchased | 42 t€ | -11 t€ | -12 t€ | -39 t€ | -13 t€ | -15 t€ |
| Machinery and equipment | 96 t€ | 91 t€ | 120 t€ | 92 t€ | 82 t€ | 103 t€ |
| Finished products | 378 t€ | 174 t€ | 120 t€ | 44 t€ | 91 t€ | 56 t€ |
| Other current liabilities | 67 t€ | 65 t€ | 59 t€ | 45 t€ | 64 t€ | 340 t€ |
| Income from other investments under non-current assets, from other companies | 0 € | 3 € | 1 112 € | 812 € | 812 € | 812 € |
| Tangible assets | 759 t€ | 797 t€ | 870 t€ | 892 t€ | 935 t€ | 1,0 M€ |
| Other intangible assets | 27 t€ | 31 t€ | 34 t€ | 19 t€ | 0 € | – |
| Other social security expenses | 9 442 € | -11 t€ | -6 082 € | -8 592 € | -7 130 € | -3 894 € |
| Buildings and structures, Owned | 618 t€ | 660 t€ | 705 t€ | 754 t€ | 807 t€ | 859 t€ |
| Wages and salaries | 207 t€ | -189 t€ | -127 t€ | -160 t€ | -120 t€ | -97 t€ |
| Other short-term receivables | 0 € | 7 493 € | 7 590 € | 2 512 € | 23 t€ | 15 t€ |
| Other shares and similar rights of ownership | 387 € | 387 € | 387 € | 387 € | 25 t€ | 25 t€ |
| Profit (loss) for the period, equity | 857 t€ | 727 t€ | 728 t€ | 522 t€ | 291 t€ | 139 t€ |
| Materials and supplies | 156 t€ | 202 t€ | 84 t€ | 98 t€ | 176 t€ | 55 t€ |
| Interest expenses and other financial expenses for non-Group companies | 0 € | -923 € | -742 € | -246 € | -135 € | -51 € |
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, Metallityö H. Turunen Oy is in the top 10 % of the industry class manufacture of other fabricated metal products n.e.c. (400 companies with taxable income; median 53 t€, 17 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.