Martha Wallin Oy is a limited company based in Vantaa, registered in 1961. The company has been in bankruptcy since 8.10.2026. In the financial year ending 31.12.2025, revenue was 72 t€ and operating profit -5 048 €; equity ratio -85.0 %. Latest Trade Register entry: bankruptcy, 9.10.2026.
Revenue 202572 t€+15 % on the previous year
Operating profit-5 048 €-7,0 % of revenue
Net profit-12 t€EBITDA -14 t€
Equity ratio-85,0 %quick ratio 0,34
Taxable income 20240 €
profit as taxed
Income taxes 2024100 €200 € in 2020–2024
In business64 yrsregistered 3.11.1961
Trade Register1entries, latest: bankruptcy
StatusIn bankruptcysince 8.10.2026
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 72 t€ | 63 t€ | 77 t€ | 82 t€ |
| Revenue change | 14,6 % | -18,3 % | -7,0 % | – |
| EBITDA | -14 t€ | -4 096 € | 3 356 € | 14 t€ |
| EBITDA % | -19,9 % | -6,5 % | 4,4 % | 16,9 % |
| Operating profit | -5 048 € | -25 t€ | -10 t€ | 7 224 € |
| Operating margin | -7,0 % | -40,6 % | -13,7 % | 8,8 % |
| Net profit | -12 t€ | -31 t€ | -13 t€ | 282 € |
| Personnel costs | -40 t€ | 35 t€ | 43 t€ | 44 t€ |
| Equity ratio | -85,0 % | -24,6 % | 7,8 % | 29,0 % |
| Quick ratio | 0,34 | 0,70 | 1,35 | 2,02 |
| Current ratio | 0,34 | 0,70 | 1,35 | 2,02 |
| Debt to revenue | 105,0 % | 185,0 % | 116,9 % | 61,8 % |
| Return on equity | – | – | -172,4 % | 1,4 % |
| Balance sheet total | 41 t€ | 93 t€ | 97 t€ | 72 t€ |
| Equity | -35 t€ | -23 t€ | 7 627 € | 21 t€ |
| Cash and bank | 3 345 € | 2 275 € | 2 577 € | 2 542 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 72 t€ | 63 t€ | 77 t€ | 82 t€ |
| Other operating income | 1 962 € | 0 € | 0 € | 3 299 € |
| Raw materials and services | 14 t€ | -20 t€ | -18 t€ | -18 t€ |
| Personnel expenses | 40 t€ | -35 t€ | -43 t€ | -44 t€ |
| Depreciations and reductions in value | 9 252 € | -21 t€ | -14 t€ | -6 740 € |
| Other operating expenses | 16 t€ | -12 t€ | -12 t€ | -10 t€ |
| Operating profit (loss) | -5 048 € | -25 t€ | -10 t€ | 7 224 € |
| Financial income and expenses + (-) | 6 713 € | -5 080 € | -2 667 € | -3 553 € |
| Profit (loss) before appropriations and taxes | -12 t€ | -31 t€ | -13 t€ | 3 670 € |
| Profit (loss) for the financial year | -12 t€ | -31 t€ | -13 t€ | 282 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 28 t€ | 64 t€ | 42 t€ | 20 t€ |
| Receivables | 9 496 € | 27 t€ | 53 t€ | 49 t€ |
| Cash in hand and at banks | 3 345 € | 2 275 € | 2 577 € | 2 542 € |
| Current assets | 13 t€ | 29 t€ | 56 t€ | 51 t€ |
| Assets | 41 t€ | 93 t€ | 97 t€ | 72 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -35 t€ | -23 t€ | 7 627 € | 21 t€ |
| Long-term liabilities | 38 t€ | 75 t€ | 49 t€ | 25 t€ |
| Short-term liabilities | 38 t€ | 41 t€ | 41 t€ | 25 t€ |
| Liabilities | 75 t€ | 116 t€ | 90 t€ | 51 t€ |
All financial statement items (48)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 72 t€ | 63 t€ | 77 t€ | 82 t€ |
| Other operating income | 1 962 € | 0 € | 0 € | 3 299 € |
| Raw materials and services | 14 t€ | -20 t€ | -18 t€ | -18 t€ |
| Personnel expenses | 40 t€ | -35 t€ | -43 t€ | -44 t€ |
| Depreciations and reductions in value | 9 252 € | -21 t€ | -14 t€ | -6 740 € |
| Other operating expenses | 16 t€ | -12 t€ | -12 t€ | -10 t€ |
| Operating profit (loss) | -5 048 € | -25 t€ | -10 t€ | 7 224 € |
| Financial income and expenses + (-) | 6 713 € | -5 080 € | -2 667 € | -3 553 € |
| Profit (loss) before appropriations and taxes | -12 t€ | -31 t€ | -13 t€ | 3 670 € |
| Profit (loss) for the financial year | -12 t€ | -31 t€ | -13 t€ | 282 € |
| Non-current assets | 28 t€ | 64 t€ | 42 t€ | 20 t€ |
| Receivables | 9 496 € | 27 t€ | 53 t€ | 49 t€ |
| Cash in hand and at banks | 3 345 € | 2 275 € | 2 577 € | 2 542 € |
| Current assets | 13 t€ | 29 t€ | 56 t€ | 51 t€ |
| Assets | 41 t€ | 93 t€ | 97 t€ | 72 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -35 t€ | -23 t€ | 7 627 € | 21 t€ |
| Long-term liabilities | 38 t€ | 75 t€ | 49 t€ | 25 t€ |
| Short-term liabilities | 38 t€ | 41 t€ | 41 t€ | 25 t€ |
| Liabilities | 75 t€ | 116 t€ | 90 t€ | 51 t€ |
| Long-term liabilities to credit institutions | 38 t€ | 75 t€ | 49 t€ | 25 t€ |
| Other current liabilities | 17 t€ | 219 € | 10 t€ | 9 710 € |
| Wages and salaries | 33 t€ | -30 t€ | -33 t€ | -37 t€ |
| Long-term receivables from Group companies | 3 245 € | 22 t€ | 47 t€ | 47 t€ |
| Pension expenses | 5 582 € | -4 303 € | -7 912 € | -5 317 € |
| Short-term liabilities to Group companies | 7 637 € | 7 637 € | 7 637 € | 7 637 € |
| Tangible assets | 28 t€ | 64 t€ | 42 t€ | 20 t€ |
| Depreciations according to plan | 9 252 € | -21 t€ | -14 t€ | -6 740 € |
| Liabilities | 41 t€ | 93 t€ | 97 t€ | 72 t€ |
| Investments | 168 € | 168 € | 168 € | 168 € |
| Other social security expenses | 1 301 € | -822 € | -1 800 € | -1 084 € |
| Group contribution | – | – | 0 € | -3 388 € |
| Reserve for invested non-restricted equity | 218 € | 218 € | 218 € | 218 € |
| Profit (loss) for the period, equity | -12 t€ | -31 t€ | -13 t€ | 282 € |
| Services purchased | 9 155 € | -9 308 € | -9 766 € | -7 545 € |
| Retained earnings | -26 t€ | 4 909 € | 18 t€ | 18 t€ |
| Short-term liabilities to credit institutions | 8 820 € | 24 t€ | 9 708 € | 0 € |
| Purchases during the financial year | 4 689 € | -10 t€ | -8 283 € | -10 t€ |
| Short-term prepayments and accrued income | 227 € | 49 € | 1 207 € | 1 152 € |
| Long-term receivables | 3 245 € | 22 t€ | 47 t€ | 47 t€ |
| Other interest and financial income from non-group companies | 0 € | 283 € | 1 € | 0 € |
| Other shares and similar rights of ownership | 168 € | 168 € | 168 € | 168 € |
| Short-term accrued expenses and deferred income | 2 123 € | 4 930 € | 7 642 € | 6 484 € |
| Short-term sales receivables | 6 023 € | 4 524 € | 4 991 € | 743 € |
| Short-term receivables | 6 251 € | 4 573 € | 6 198 € | 1 895 € |
| Interest expenses and other financial expenses for non-Group companies | 6 713 € | -5 363 € | -2 669 € | -3 553 € |
| Machinery and equipment | 28 t€ | 64 t€ | 42 t€ | 20 t€ |
| Short-term accounts payable | 2 180 € | 4 880 € | 5 817 € | 1 621 € |
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
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
- Bankruptcy
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