Kilpihovi Oy is a limited company based in Kotka, registered in 1985. In the financial year ending 31.1.2026, revenue was 809 t€ and operating profit 48 t€; equity ratio 40.8 %. Its taxable income in 2024 was 82 t€ and its income taxes 16 t€. Public buyers bought 18 t€ from it in 2022–2024; the largest buyer is Ruokavirasto (Maa- ja metsätalousministeriön hallinnonala).
Revenue 2026809 t€+1 % on the previous year
Operating profit48 t€5,9 % of revenue
Net profit28 t€EBITDA -22 t€
Equity ratio40,8 %quick ratio 1,29
Taxable income 202482 t€
top quarter of its industry
Income taxes 202416 t€47 t€ in 2020–2024
In business41 yrsregistered 16.5.1985
Sales to public buyers18 t€2022–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 |
|---|---|---|---|---|---|
| Revenue | 809 t€ | 799 t€ | 624 t€ | 1,0 M€ | 679 t€ |
| Revenue change | 1,2 % | 28,0 % | -39,0 % | 50,8 % | – |
| EBITDA | -22 t€ | 124 t€ | 110 t€ | 151 t€ | 77 t€ |
| EBITDA % | -2,7 % | 15,5 % | 17,6 % | 14,8 % | 11,4 % |
| Operating profit | 48 t€ | 97 t€ | 85 t€ | 122 t€ | 45 t€ |
| Operating margin | 5,9 % | 12,1 % | 13,6 % | 11,9 % | 6,6 % |
| Net profit | 28 t€ | 86 t€ | 74 t€ | 92 t€ | 28 t€ |
| Personnel costs | -306 t€ | 279 t€ | 183 t€ | 363 t€ | 230 t€ |
| Equity ratio | 40,8 % | 73,3 % | 68,2 % | 47,6 % | 26,7 % |
| Quick ratio | 1,29 | 2,61 | 1,67 | 2,31 | 1,01 |
| Current ratio | 1,32 | 2,67 | 1,80 | 2,33 | 1,68 |
| Debt to revenue | 50,2 % | 14,3 % | 18,2 % | 20,5 % | 39,8 % |
| Return on equity | 9,8 % | 27,3 % | 30,2 % | 48,5 % | 28,6 % |
| Balance sheet total | 687 t€ | 427 t€ | 359 t€ | 400 t€ | 368 t€ |
| Equity | 281 t€ | 313 t€ | 245 t€ | 190 t€ | 98 t€ |
| Cash and bank | 62 t€ | 28 t€ | 43 t€ | 118 t€ | 36 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | |
|---|---|---|---|---|---|
| Turnover | 809 t€ | 799 t€ | 624 t€ | 1,0 M€ | 679 t€ |
| Other operating income | 52 t€ | 35 t€ | 33 t€ | 34 t€ | 55 t€ |
| Raw materials and services | 229 t€ | -239 t€ | -210 t€ | -343 t€ | -235 t€ |
| Personnel expenses | 306 t€ | -279 t€ | -183 t€ | -363 t€ | -230 t€ |
| Depreciations and reductions in value | 70 t€ | -27 t€ | -25 t€ | -29 t€ | -32 t€ |
| Other operating expenses | 208 t€ | -192 t€ | -155 t€ | -200 t€ | -191 t€ |
| Operating profit (loss) | 48 t€ | 97 t€ | 85 t€ | 122 t€ | 45 t€ |
| Financial income and expenses + (-) | 13 t€ | 11 t€ | -3 841 € | -12 t€ | -9 869 € |
| Profit (loss) before appropriations and taxes | 35 t€ | 107 t€ | 81 t€ | 110 t€ | 35 t€ |
| Income taxes | 7 482 € | -22 t€ | -7 013 € | -18 t€ | -7 216 € |
| Profit (loss) for the financial year | 28 t€ | 86 t€ | 74 t€ | 92 t€ | 28 t€ |
Balance sheet
| 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | |
|---|---|---|---|---|---|
| Non-current assets | 523 t€ | 235 t€ | 230 t€ | 157 t€ | 153 t€ |
| Stocks | 4 028 € | 4 802 € | 9 763 € | 1 859 € | 86 t€ |
| Receivables | 98 t€ | 159 t€ | 76 t€ | 124 t€ | 93 t€ |
| Cash in hand and at banks | 62 t€ | 28 t€ | 43 t€ | 118 t€ | 36 t€ |
| Current assets | 164 t€ | 192 t€ | 129 t€ | 243 t€ | 215 t€ |
| Assets | 687 t€ | 427 t€ | 359 t€ | 400 t€ | 368 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 281 t€ | 313 t€ | 245 t€ | 190 t€ | 98 t€ |
| Long-term liabilities | 282 t€ | 42 t€ | 43 t€ | 105 t€ | 142 t€ |
| Short-term liabilities | 124 t€ | 72 t€ | 71 t€ | 104 t€ | 128 t€ |
| Liabilities | 406 t€ | 114 t€ | 114 t€ | 209 t€ | 270 t€ |
All financial statement items (62)
| 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | |
|---|---|---|---|---|---|
| Turnover | 809 t€ | 799 t€ | 624 t€ | 1,0 M€ | 679 t€ |
| Other operating income | 52 t€ | 35 t€ | 33 t€ | 34 t€ | 55 t€ |
| Raw materials and services | 229 t€ | -239 t€ | -210 t€ | -343 t€ | -235 t€ |
| Personnel expenses | 306 t€ | -279 t€ | -183 t€ | -363 t€ | -230 t€ |
| Depreciations and reductions in value | 70 t€ | -27 t€ | -25 t€ | -29 t€ | -32 t€ |
| Other operating expenses | 208 t€ | -192 t€ | -155 t€ | -200 t€ | -191 t€ |
| Operating profit (loss) | 48 t€ | 97 t€ | 85 t€ | 122 t€ | 45 t€ |
| Financial income and expenses + (-) | 13 t€ | 11 t€ | -3 841 € | -12 t€ | -9 869 € |
| Profit (loss) before appropriations and taxes | 35 t€ | 107 t€ | 81 t€ | 110 t€ | 35 t€ |
| Income taxes | 7 482 € | -22 t€ | -7 013 € | -18 t€ | -7 216 € |
| Profit (loss) for the financial year | 28 t€ | 86 t€ | 74 t€ | 92 t€ | 28 t€ |
| Non-current assets | 523 t€ | 235 t€ | 230 t€ | 157 t€ | 153 t€ |
| Stocks | 4 028 € | 4 802 € | 9 763 € | 1 859 € | 86 t€ |
| Receivables | 98 t€ | 159 t€ | 76 t€ | 124 t€ | 93 t€ |
| Cash in hand and at banks | 62 t€ | 28 t€ | 43 t€ | 118 t€ | 36 t€ |
| Current assets | 164 t€ | 192 t€ | 129 t€ | 243 t€ | 215 t€ |
| Assets | 687 t€ | 427 t€ | 359 t€ | 400 t€ | 368 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 281 t€ | 313 t€ | 245 t€ | 190 t€ | 98 t€ |
| Long-term liabilities | 282 t€ | 42 t€ | 43 t€ | 105 t€ | 142 t€ |
| Short-term liabilities | 124 t€ | 72 t€ | 71 t€ | 104 t€ | 128 t€ |
| Liabilities | 406 t€ | 114 t€ | 114 t€ | 209 t€ | 270 t€ |
| Other current liabilities | 8 409 € | 18 t€ | 4 195 € | 22 t€ | 23 t€ |
| Long-term receivables from participating interests | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Other tangible assets | 605 € | 605 € | 605 € | 605 € | 605 € |
| Other intangible assets | 21 t€ | 0 € | – | – | – |
| Liabilities | 687 t€ | 427 t€ | 359 t€ | 400 t€ | 368 t€ |
| Impairment on investments for non-current assets | 1 581 € | -2 415 € | 0 € | – | – |
| Long-term liabilities to credit institutions | 251 t€ | 0 € | 16 t€ | 70 t€ | 123 t€ |
| Reductions in value of shares and holdings in current assets | 13 t€ | 0 € | – | – | – |
| Short-term receivables | 88 t€ | 149 t€ | 66 t€ | 114 t€ | 83 t€ |
| Other short-term receivables | 8 486 € | 9 472 € | 4 024 € | 3 450 € | 3 450 € |
| Other long-term liabilities | 600 € | 600 € | 600 € | 600 € | 600 € |
| Other interest and financial income from non-group companies | 26 € | 2 559 € | -1 € | -78 € | 18 € |
| Land and water areas, Owned | 12 t€ | 12 t€ | 12 t€ | 0 € | – |
| Finished products | 4 028 € | 4 802 € | 9 763 € | 1 859 € | 86 t€ |
| Long-term accounts payable | 31 t€ | 42 t€ | 25 t€ | 35 t€ | 18 t€ |
| Machinery and equipment | 170 t€ | 53 t€ | 60 t€ | 70 t€ | 78 t€ |
| Retained earnings | 250 t€ | 225 t€ | 168 t€ | 76 t€ | 48 t€ |
| Short-term accounts payable | 43 t€ | 31 t€ | 7 097 € | 4 903 € | 34 t€ |
| Wages and salaries | 257 t€ | -241 t€ | -142 t€ | -238 t€ | -188 t€ |
| Intangible assets | 21 t€ | 0 € | – | – | – |
| Other shares and similar rights of ownership | 254 t€ | 97 t€ | 95 t€ | 18 t€ | 1 132 € |
| Short-term sales receivables | 48 t€ | 127 t€ | 45 t€ | 93 t€ | 60 t€ |
| Profit (loss) for the period, equity | 28 t€ | 86 t€ | 74 t€ | 92 t€ | 28 t€ |
| Interest expenses and other financial expenses for non-Group companies | 13 t€ | -4 770 € | -8 443 € | -12 t€ | -9 887 € |
| Long-term receivables | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Short-term prepayments and accrued income | 31 t€ | 3 515 € | 2 621 € | 2 186 € | 4 226 € |
| Buildings and structures, Owned | 64 t€ | 72 t€ | 62 t€ | 67 t€ | 73 t€ |
| Pension expenses | 41 t€ | -32 t€ | -37 t€ | -117 t€ | -37 t€ |
| Other social security expenses | 7 958 € | -5 496 € | -4 121 € | -8 123 € | -4 847 € |
| Services purchased | 84 t€ | -84 t€ | -87 t€ | -71 t€ | -57 t€ |
| Tangible assets | 247 t€ | 138 t€ | 135 t€ | 138 t€ | 152 t€ |
| Purchases during the financial year | 145 t€ | -150 t€ | -130 t€ | -188 t€ | -159 t€ |
| Income from other investments under non-current assets, from other companies | 15 t€ | 15 t€ | 4 603 € | 0 € | – |
| Shares in participating interest company | 1 032 € | 0 € | – | – | – |
| Short-term liabilities to credit institutions | 58 t€ | 13 t€ | 46 t€ | 57 t€ | 70 t€ |
| Short-term loan receivables | 72 € | 9 297 € | 14 t€ | 15 t€ | 15 t€ |
| Short-term accrued expenses and deferred income | 16 t€ | 9 778 € | 14 t€ | 20 t€ | 461 € |
| Depreciations according to plan | 70 t€ | -27 t€ | -25 t€ | -29 t€ | -32 t€ |
| Inventory increase (+) or decrease (-) | 774 € | -4 961 € | 7 903 € | -84 t€ | -19 t€ |
| Investments | 255 t€ | 97 t€ | 95 t€ | 18 t€ | 1 132 € |
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, Kilpihovi Oy is in the top quarter of the industry class direct and outdoor advertising activities (254 companies with taxable income; median 17 t€, 4,8 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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