Sargo Oy Ab is a limited company based in Kokkola, registered in 1970. In the financial year ending 31.8.2025, revenue was 17,9 M€ and operating profit 1,4 M€; equity ratio 81.4 %. Its taxable income in 2024 was 2,1 M€ and its income taxes 427 t€. Latest Trade Register entry: change of ceo, 3.1.2026.
Revenue 202517,9 M€-9 % on the previous year
Operating profit1,4 M€7,9 % of revenue
Net profit1,2 M€EBITDA 1,7 M€
Equity ratio81,4 %quick ratio 1,10
Taxable income 20242,1 M€
top 10 % of its industry
Income taxes 2024427 t€1,6 M€ in 2020–2024
In business55 yrsregistered 4.12.1970
Trade Register1entries, latest: change of ceo
Financials
RevenueOperating profitNet profit
| Key figures | 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 |
|---|---|---|---|---|---|
| Revenue | 17,9 M€ | 19,8 M€ | 18,2 M€ | 16,6 M€ | 15,7 M€ |
| Revenue change | -9,2 % | 8,4 % | 10,0 % | 5,5 % | – |
| EBITDA | 1,7 M€ | 2,4 M€ | 1,9 M€ | 1,8 M€ | 1,7 M€ |
| EBITDA % | 9,7 % | 12,1 % | 10,6 % | 10,9 % | 10,8 % |
| Operating profit | 1,4 M€ | 2,1 M€ | 1,5 M€ | 1,4 M€ | 1,4 M€ |
| Operating margin | 7,9 % | 10,4 % | 8,5 % | 8,4 % | 8,8 % |
| Net profit | 1,2 M€ | 1,7 M€ | 1,3 M€ | 1,1 M€ | 1,1 M€ |
| Personnel costs | 3,7 M€ | 3,7 M€ | 3,4 M€ | 3,2 M€ | 2,8 M€ |
| Equity ratio | 81,4 % | 80,4 % | 82,2 % | 78,9 % | 85,0 % |
| Quick ratio | 1,10 | 0,99 | 0,74 | 0,74 | 1,15 |
| Current ratio | 2,38 | 2,17 | 1,73 | 1,79 | 1,93 |
| Debt to revenue | 9,1 % | 9,1 % | 7,8 % | 9,7 % | 6,2 % |
| Return on equity | 16,5 % | 22,9 % | 19,5 % | 18,6 % | 19,8 % |
| Balance sheet total | 11,1 M€ | 12,1 M€ | 12,6 M€ | 10,6 M€ | 10,0 M€ |
| Equity | 7,2 M€ | 7,4 M€ | 6,6 M€ | 6,0 M€ | 5,6 M€ |
| Cash and bank | 4,1 M€ | 3,8 M€ | 3,3 M€ | 2,3 M€ | 3,9 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | |
|---|---|---|---|---|---|
| Turnover | 17,9 M€ | 19,8 M€ | 18,2 M€ | 16,6 M€ | 15,7 M€ |
| Other operating income | 24 t€ | 16 t€ | 38 t€ | 0 € | 7 728 € |
| Raw materials and services | -10,3 M€ | -11,9 M€ | -12,2 M€ | -10,9 M€ | -10,0 M€ |
| Personnel expenses | -3,7 M€ | -3,7 M€ | -3,4 M€ | -3,2 M€ | -2,8 M€ |
| Depreciations and reductions in value | -333 t€ | -332 t€ | -380 t€ | -429 t€ | -329 t€ |
| Other operating expenses | -1,7 M€ | -1,6 M€ | -1,6 M€ | -1,3 M€ | -1,5 M€ |
| Operating profit (loss) | 1,4 M€ | 2,1 M€ | 1,5 M€ | 1,4 M€ | 1,4 M€ |
| Financial income and expenses + (-) | 63 t€ | 160 t€ | 65 t€ | 12 t€ | 3 415 € |
| Profit (loss) before appropriations and taxes | 1,5 M€ | 2,2 M€ | 1,6 M€ | 1,4 M€ | 1,4 M€ |
| Income taxes | -296 t€ | -424 t€ | -323 t€ | -279 t€ | -279 t€ |
| Profit (loss) for the financial year | 1,2 M€ | 1,7 M€ | 1,3 M€ | 1,1 M€ | 1,1 M€ |
Balance sheet
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 1,8 M€ | 1,8 M€ | 2,2 M€ | 2,3 M€ | 1,5 M€ |
| Stocks | 5,0 M€ | 5,6 M€ | 5,9 M€ | 4,9 M€ | 3,4 M€ |
| Receivables | 217 t€ | 920 t€ | 1,1 M€ | 1,1 M€ | 1,1 M€ |
| Cash in hand and at banks | 4,1 M€ | 3,8 M€ | 3,3 M€ | 2,3 M€ | 3,9 M€ |
| Current assets | 9,3 M€ | 10,3 M€ | 10,4 M€ | 8,3 M€ | 8,5 M€ |
| Assets | 11,1 M€ | 12,1 M€ | 12,6 M€ | 10,6 M€ | 10,0 M€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 7,2 M€ | 7,4 M€ | 6,6 M€ | 6,0 M€ | 5,6 M€ |
| Short-term liabilities | 3,9 M€ | 4,7 M€ | 6,0 M€ | 4,6 M€ | 4,4 M€ |
| Liabilities | 3,9 M€ | 4,7 M€ | 6,0 M€ | 4,6 M€ | 4,4 M€ |
All financial statement items (58)
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | |
|---|---|---|---|---|---|
| Turnover | 17,9 M€ | 19,8 M€ | 18,2 M€ | 16,6 M€ | 15,7 M€ |
| Other operating income | 24 t€ | 16 t€ | 38 t€ | 0 € | 7 728 € |
| Raw materials and services | -10,3 M€ | -11,9 M€ | -12,2 M€ | -10,9 M€ | -10,0 M€ |
| Personnel expenses | -3,7 M€ | -3,7 M€ | -3,4 M€ | -3,2 M€ | -2,8 M€ |
| Depreciations and reductions in value | -333 t€ | -332 t€ | -380 t€ | -429 t€ | -329 t€ |
| Other operating expenses | -1,7 M€ | -1,6 M€ | -1,6 M€ | -1,3 M€ | -1,5 M€ |
| Operating profit (loss) | 1,4 M€ | 2,1 M€ | 1,5 M€ | 1,4 M€ | 1,4 M€ |
| Financial income and expenses + (-) | 63 t€ | 160 t€ | 65 t€ | 12 t€ | 3 415 € |
| Profit (loss) before appropriations and taxes | 1,5 M€ | 2,2 M€ | 1,6 M€ | 1,4 M€ | 1,4 M€ |
| Income taxes | -296 t€ | -424 t€ | -323 t€ | -279 t€ | -279 t€ |
| Profit (loss) for the financial year | 1,2 M€ | 1,7 M€ | 1,3 M€ | 1,1 M€ | 1,1 M€ |
| Non-current assets | 1,8 M€ | 1,8 M€ | 2,2 M€ | 2,3 M€ | 1,5 M€ |
| Stocks | 5,0 M€ | 5,6 M€ | 5,9 M€ | 4,9 M€ | 3,4 M€ |
| Receivables | 217 t€ | 920 t€ | 1,1 M€ | 1,1 M€ | 1,1 M€ |
| Cash in hand and at banks | 4,1 M€ | 3,8 M€ | 3,3 M€ | 2,3 M€ | 3,9 M€ |
| Current assets | 9,3 M€ | 10,3 M€ | 10,4 M€ | 8,3 M€ | 8,5 M€ |
| Assets | 11,1 M€ | 12,1 M€ | 12,6 M€ | 10,6 M€ | 10,0 M€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 7,2 M€ | 7,4 M€ | 6,6 M€ | 6,0 M€ | 5,6 M€ |
| Short-term liabilities | 3,9 M€ | 4,7 M€ | 6,0 M€ | 4,6 M€ | 4,4 M€ |
| Liabilities | 3,9 M€ | 4,7 M€ | 6,0 M€ | 4,6 M€ | 4,4 M€ |
| Short-term sales receivables | 51 t€ | 26 t€ | 28 t€ | 13 t€ | 12 t€ |
| Materials and supplies | 2,5 M€ | 2,5 M€ | 2,6 M€ | 2,2 M€ | 1,6 M€ |
| Other short-term receivables | 114 t€ | 221 t€ | 196 t€ | 263 t€ | 195 t€ |
| Long-term receivables | 0 € | 524 t€ | 676 t€ | 694 t€ | 0 € |
| Other tangible assets | 202 € | 202 € | 202 € | 202 € | 330 € |
| Retained earnings | 6,0 M€ | 5,7 M€ | 5,3 M€ | 4,9 M€ | 4,5 M€ |
| Income from other investments under non-current assets, from other companies | 2 449 € | 2 091 € | 1 284 € | 2 957 € | 1 583 € |
| Inventory increase (+) or decrease (-) | -51 t€ | -80 t€ | 183 t€ | 837 t€ | 343 t€ |
| Short-term accrued expenses and deferred income | 567 t€ | 789 t€ | 623 t€ | 575 t€ | 492 t€ |
| Intangible assets | 50 t€ | 59 t€ | 69 t€ | 79 t€ | 93 t€ |
| Pension expenses | -535 t€ | -535 t€ | -506 t€ | -467 t€ | -385 t€ |
| Other shares and similar rights of ownership | 450 t€ | 450 t€ | 545 t€ | 545 t€ | 445 t€ |
| Short-term accounts payable | 907 t€ | 946 t€ | 759 t€ | 991 t€ | 453 t€ |
| Other current liabilities | 166 t€ | 63 t€ | 43 t€ | 35 t€ | 36 t€ |
| Long-term loan receivables | 0 € | 524 t€ | 676 t€ | 694 t€ | 0 € |
| Investments | 450 t€ | 450 t€ | 545 t€ | 545 t€ | 445 t€ |
| Machinery and equipment | 1,3 M€ | 1,3 M€ | 1,6 M€ | 1,7 M€ | 921 t€ |
| Other interest and financial income from non-group companies | 61 t€ | 159 t€ | 64 t€ | 8 780 € | 2 258 € |
| Liabilities | 11,1 M€ | 12,1 M€ | 12,6 M€ | 10,6 M€ | 10,0 M€ |
| Group contribution | 0 € | -100 t€ | 0 € | – | – |
| Short-term loan receivables | 0 € | 67 t€ | 106 t€ | 112 t€ | 917 t€ |
| Interest expenses and other financial expenses for non-Group companies | -780 € | -1 167 € | -220 € | -207 € | -426 € |
| Purchases during the financial year | -9,2 M€ | -10,5 M€ | -10,9 M€ | -10,4 M€ | -9,0 M€ |
| Tangible assets | 1,3 M€ | 1,3 M€ | 1,6 M€ | 1,7 M€ | 921 t€ |
| Short-term receivables | 217 t€ | 396 t€ | 387 t€ | 443 t€ | 1,1 M€ |
| Wages and salaries | -3,1 M€ | -3,0 M€ | -2,8 M€ | -2,6 M€ | -2,3 M€ |
| Profit (loss) for the period, equity | 1,2 M€ | 1,7 M€ | 1,3 M€ | 1,1 M€ | 1,1 M€ |
| Depreciations according to plan | -333 t€ | -332 t€ | -380 t€ | -429 t€ | -329 t€ |
| Services purchased | -1,0 M€ | -1,3 M€ | -1,5 M€ | -1,3 M€ | -1,3 M€ |
| Other social security expenses | -140 t€ | -121 t€ | -101 t€ | -89 t€ | -71 t€ |
| Other intangible assets | 49 t€ | 58 t€ | 68 t€ | 78 t€ | 92 t€ |
| Change in stocks of products + (-) | -503 t€ | -268 t€ | 867 t€ | 615 t€ | 341 t€ |
| Work in progress | 2,5 M€ | 3,0 M€ | 3,3 M€ | 2,4 M€ | 1,8 M€ |
| Intangible rights | 1 000 € | 1 000 € | 1 000 € | 1 000 € | 1 000 € |
| Finished products | 4 594 € | 6 692 € | 81 t€ | 242 t€ | 8 930 € |
| Short-term advances received | 2,3 M€ | 2,9 M€ | 4,6 M€ | 3,0 M€ | 3,4 M€ |
| Short-term prepayments and accrued income | 52 t€ | 82 t€ | 58 t€ | 55 t€ | 19 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, Sargo Oy Ab is in the top 10 % of the industry class building of pleasure and sporting boats (53 companies with taxable income; median 25 t€, 85 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.
Trade Register events
- Change of CEO
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