Joroisten Leipomo Oy is a limited company based in Joroinen, registered in 1978. In the financial year ending 31.12.2024, revenue was 1,1 M€ and operating profit 50 t€; equity ratio 61.8 %. Its taxable income in 2024 was 51 t€ and its income taxes 10 t€. Latest Trade Register entry: change of ceo, 22.5.2026.
Financials
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Revenue | 1,1 M€ | 1,1 M€ | 863 t€ |
| Revenue change | -0,4 % | 22,3 % | – |
| EBITDA | 66 t€ | 68 t€ | 44 t€ |
| EBITDA % | 6,3 % | 6,5 % | 5,1 % |
| Operating profit | 50 t€ | 48 t€ | 17 t€ |
| Operating margin | 4,7 % | 4,5 % | 2,0 % |
| Net profit | 39 t€ | 37 t€ | -10 t€ |
| Personnel costs | 387 t€ | 412 t€ | 328 t€ |
| Equity ratio | 61,8 % | 54,7 % | 51,7 % |
| Quick ratio | 1,96 | 1,53 | 1,21 |
| Current ratio | 2,17 | 1,71 | 1,41 |
| Debt to revenue | 10,5 % | 11,9 % | 12,3 % |
| Return on equity | 21,9 % | 24,6 % | -8,8 % |
| Balance sheet total | 289 t€ | 276 t€ | 220 t€ |
| Equity | 179 t€ | 151 t€ | 114 t€ |
| Cash and bank | 164 t€ | 132 t€ | 85 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 1,1 M€ | 1,1 M€ | 863 t€ |
| Raw materials and services | -366 t€ | -374 t€ | -292 t€ |
| Personnel expenses | -387 t€ | -412 t€ | -328 t€ |
| Depreciations and reductions in value | -17 t€ | -21 t€ | -27 t€ |
| Other operating expenses | -232 t€ | -200 t€ | -199 t€ |
| Operating profit (loss) | 50 t€ | 48 t€ | 17 t€ |
| Financial income and expenses + (-) | -265 € | -352 € | -1 264 € |
| Profit (loss) before appropriations and taxes | 49 t€ | 47 t€ | 16 t€ |
| Income taxes | -10 t€ | -10 t€ | -26 t€ |
| Profit (loss) for the financial year | 39 t€ | 37 t€ | -10 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Non-current assets | 50 t€ | 62 t€ | 71 t€ |
| Stocks | 23 t€ | 24 t€ | 21 t€ |
| Receivables | 52 t€ | 59 t€ | 44 t€ |
| Cash in hand and at banks | 164 t€ | 132 t€ | 85 t€ |
| Current assets | 239 t€ | 214 t€ | 149 t€ |
| Assets | 289 t€ | 276 t€ | 220 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 179 t€ | 151 t€ | 114 t€ |
| Short-term liabilities | 110 t€ | 125 t€ | 106 t€ |
| Liabilities | 110 t€ | 125 t€ | 106 t€ |
All financial statement items (46)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 1,1 M€ | 1,1 M€ | 863 t€ |
| Raw materials and services | -366 t€ | -374 t€ | -292 t€ |
| Personnel expenses | -387 t€ | -412 t€ | -328 t€ |
| Depreciations and reductions in value | -17 t€ | -21 t€ | -27 t€ |
| Other operating expenses | -232 t€ | -200 t€ | -199 t€ |
| Operating profit (loss) | 50 t€ | 48 t€ | 17 t€ |
| Financial income and expenses + (-) | -265 € | -352 € | -1 264 € |
| Profit (loss) before appropriations and taxes | 49 t€ | 47 t€ | 16 t€ |
| Income taxes | -10 t€ | -10 t€ | -26 t€ |
| Profit (loss) for the financial year | 39 t€ | 37 t€ | -10 t€ |
| Non-current assets | 50 t€ | 62 t€ | 71 t€ |
| Stocks | 23 t€ | 24 t€ | 21 t€ |
| Receivables | 52 t€ | 59 t€ | 44 t€ |
| Cash in hand and at banks | 164 t€ | 132 t€ | 85 t€ |
| Current assets | 239 t€ | 214 t€ | 149 t€ |
| Assets | 289 t€ | 276 t€ | 220 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 179 t€ | 151 t€ | 114 t€ |
| Short-term liabilities | 110 t€ | 125 t€ | 106 t€ |
| Liabilities | 110 t€ | 125 t€ | 106 t€ |
| Pension expenses | -60 t€ | -73 t€ | -48 t€ |
| Depreciations according to plan | -17 t€ | -21 t€ | -27 t€ |
| Tangible assets | 50 t€ | 62 t€ | 71 t€ |
| Retained earnings | 132 t€ | 106 t€ | 113 t€ |
| Short-term receivables | 52 t€ | 59 t€ | 44 t€ |
| Other current liabilities | 16 t€ | 38 t€ | 17 t€ |
| Short-term sales receivables | 33 t€ | 38 t€ | 41 t€ |
| Short-term prepayments and accrued income | 4 764 € | 1 019 € | 2 320 € |
| Other interest and financial income from non-group companies | 0 € | 1 € | 35 € |
| Interest expenses and other financial expenses for non-Group companies | -310 € | -353 € | -1 299 € |
| Short-term accounts payable | 29 t€ | 20 t€ | 15 t€ |
| Materials and supplies | 23 t€ | 24 t€ | 21 t€ |
| Short-term accrued expenses and deferred income | 66 t€ | 67 t€ | 75 t€ |
| Profit (loss) for the period, equity | 39 t€ | 37 t€ | -10 t€ |
| Short-term loan receivables | 15 t€ | 20 t€ | 567 € |
| Investments | 100 € | 100 € | 100 € |
| Other social security expenses | -13 t€ | -15 t€ | -14 t€ |
| Purchases during the financial year | -328 t€ | -343 t€ | -271 t€ |
| Other short-term receivables | 0 € | 17 € | 0 € |
| Services purchased | -37 t€ | -34 t€ | -26 t€ |
| Wages and salaries | -314 t€ | -325 t€ | -266 t€ |
| Income from other investments under non-current assets, from other companies | 45 € | 0 € | – |
| Liabilities | 289 t€ | 276 t€ | 220 t€ |
| Inventory increase (+) or decrease (-) | -727 € | 3 006 € | 4 929 € |
| Other shares and similar rights of ownership | 100 € | 100 € | 100 € |
| Machinery and equipment | 50 t€ | 62 t€ | 71 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, Joroisten Leipomo Oy is in the upper half of the industry class manufacture of bread; manufacture of fresh pastry goods and cakes (159 companies with taxable income; median 28 t€).
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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