Koneteko Pitkänen Oy is a limited company based in Lapinlahti, registered in 1987. In the financial year ending 31.3.2026, revenue was 7,0 M€ and operating profit 433 t€; equity ratio 43.6 %. Its taxable income in 2024 was 601 t€ and its income taxes 122 t€. Latest Trade Register entry: change of ceo, 25.9.2026.
Revenue 20267,0 M€-11 % on the previous year
Operating profit433 t€6,2 % of revenue
Net profit315 t€EBITDA -125 t€
Equity ratio43,6 %quick ratio 1,33
Taxable income 2024601 t€
top 10 % of its industry
Income taxes 2024122 t€502 t€ in 2020–2024
In business39 yrsregistered 20.5.1987
Trade Register1entries, latest: change of ceo
Financials
RevenueOperating profitNet profit
| Key figures | 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 |
|---|---|---|---|---|---|---|
| Revenue | 7,0 M€ | 7,9 M€ | 7,2 M€ | 7,2 M€ | 5,4 M€ | 5,5 M€ |
| Revenue change | -11,4 % | 9,4 % | 0,1 % | 32,9 % | -1,7 % | – |
| EBITDA | -125 t€ | 1,7 M€ | 1,6 M€ | 1,4 M€ | 1,1 M€ | 1,5 M€ |
| EBITDA % | -1,8 % | 21,8 % | 22,5 % | 20,1 % | 21,0 % | 26,6 % |
| Operating profit | 433 t€ | 665 t€ | 613 t€ | 489 t€ | 468 t€ | 789 t€ |
| Operating margin | 6,2 % | 8,5 % | 8,5 % | 6,8 % | 8,7 % | 14,3 % |
| Net profit | 315 t€ | 513 t€ | 480 t€ | 360 t€ | 350 t€ | 605 t€ |
| Personnel costs | -1,7 M€ | 1,7 M€ | 1,4 M€ | 1,4 M€ | 1,3 M€ | 1,4 M€ |
| Equity ratio | 43,6 % | 44,6 % | 35,8 % | 39,6 % | 35,0 % | 32,5 % |
| Quick ratio | 1,33 | 1,91 | 1,44 | 1,42 | 1,25 | 1,31 |
| Current ratio | 1,33 | 1,91 | 1,48 | 1,46 | 1,29 | 1,36 |
| Debt to revenue | 41,9 % | 33,0 % | 42,0 % | 40,0 % | 56,5 % | 52,8 % |
| Return on equity | 14,0 % | 24,5 % | 28,5 % | 19,1 % | 21,2 % | 43,3 % |
| Balance sheet total | 5,2 M€ | 4,7 M€ | 4,7 M€ | 4,8 M€ | 4,7 M€ | 4,3 M€ |
| Equity | 2,3 M€ | 2,1 M€ | 1,7 M€ | 1,9 M€ | 1,6 M€ | 1,4 M€ |
| Cash and bank | 1,6 M€ | 2,5 M€ | 1,8 M€ | 1,7 M€ | 1,4 M€ | 1,4 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 7,0 M€ | 7,9 M€ | 7,2 M€ | 7,2 M€ | 5,4 M€ | 5,5 M€ |
| Other operating income | 50 t€ | 98 t€ | 0 € | 10 t€ | 35 € | 1 545 € |
| Raw materials and services | 3,8 M€ | -4,1 M€ | -3,7 M€ | -3,9 M€ | -2,6 M€ | -1,3 M€ |
| Personnel expenses | 1,7 M€ | -1,7 M€ | -1,4 M€ | -1,4 M€ | -1,3 M€ | -1,4 M€ |
| Depreciations and reductions in value | 558 t€ | -1,0 M€ | -1,0 M€ | -956 t€ | -669 t€ | -676 t€ |
| Other operating expenses | 545 t€ | -455 t€ | -451 t€ | -438 t€ | -430 t€ | -1,4 M€ |
| Operating profit (loss) | 433 t€ | 665 t€ | 613 t€ | 489 t€ | 468 t€ | 789 t€ |
| Financial income and expenses + (-) | 38 t€ | -22 t€ | -13 t€ | -38 t€ | -31 t€ | -32 t€ |
| Profit (loss) before appropriations and taxes | 395 t€ | 643 t€ | 601 t€ | 451 t€ | 437 t€ | 757 t€ |
| Income taxes | 80 t€ | -130 t€ | -120 t€ | -90 t€ | -88 t€ | -152 t€ |
| Profit (loss) for the financial year | 315 t€ | 513 t€ | 480 t€ | 360 t€ | 350 t€ | 605 t€ |
Balance sheet
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 2,7 M€ | 1,7 M€ | 2,2 M€ | 2,4 M€ | 2,5 M€ | 2,2 M€ |
| Stocks | – | 0 € | 70 t€ | 70 t€ | 70 t€ | 70 t€ |
| Receivables | 947 t€ | 515 t€ | 667 t€ | 570 t€ | 688 t€ | 623 t€ |
| Cash in hand and at banks | 1,6 M€ | 2,5 M€ | 1,8 M€ | 1,7 M€ | 1,4 M€ | 1,4 M€ |
| Current assets | 2,5 M€ | 3,0 M€ | 2,5 M€ | 2,4 M€ | 2,2 M€ | 2,1 M€ |
| Assets | 5,2 M€ | 4,7 M€ | 4,7 M€ | 4,8 M€ | 4,7 M€ | 4,3 M€ |
| Share capital or other similar capital | 9 250 € | 9 250 € | 9 250 € | 9 250 € | 9 250 € | 9 250 € |
| Capital and reserves | 2,3 M€ | 2,1 M€ | 1,7 M€ | 1,9 M€ | 1,6 M€ | 1,4 M€ |
| Long-term liabilities | 1,0 M€ | 1,0 M€ | 1,3 M€ | 1,3 M€ | 1,4 M€ | 1,3 M€ |
| Short-term liabilities | 1,9 M€ | 1,6 M€ | 1,7 M€ | 1,6 M€ | 1,7 M€ | 1,6 M€ |
| Liabilities | 2,9 M€ | 2,6 M€ | 3,0 M€ | 2,9 M€ | 3,1 M€ | 2,9 M€ |
All financial statement items (55)
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 7,0 M€ | 7,9 M€ | 7,2 M€ | 7,2 M€ | 5,4 M€ | 5,5 M€ |
| Other operating income | 50 t€ | 98 t€ | 0 € | 10 t€ | 35 € | 1 545 € |
| Raw materials and services | 3,8 M€ | -4,1 M€ | -3,7 M€ | -3,9 M€ | -2,6 M€ | -1,3 M€ |
| Personnel expenses | 1,7 M€ | -1,7 M€ | -1,4 M€ | -1,4 M€ | -1,3 M€ | -1,4 M€ |
| Depreciations and reductions in value | 558 t€ | -1,0 M€ | -1,0 M€ | -956 t€ | -669 t€ | -676 t€ |
| Other operating expenses | 545 t€ | -455 t€ | -451 t€ | -438 t€ | -430 t€ | -1,4 M€ |
| Operating profit (loss) | 433 t€ | 665 t€ | 613 t€ | 489 t€ | 468 t€ | 789 t€ |
| Financial income and expenses + (-) | 38 t€ | -22 t€ | -13 t€ | -38 t€ | -31 t€ | -32 t€ |
| Profit (loss) before appropriations and taxes | 395 t€ | 643 t€ | 601 t€ | 451 t€ | 437 t€ | 757 t€ |
| Income taxes | 80 t€ | -130 t€ | -120 t€ | -90 t€ | -88 t€ | -152 t€ |
| Profit (loss) for the financial year | 315 t€ | 513 t€ | 480 t€ | 360 t€ | 350 t€ | 605 t€ |
| Non-current assets | 2,7 M€ | 1,7 M€ | 2,2 M€ | 2,4 M€ | 2,5 M€ | 2,2 M€ |
| Stocks | – | 0 € | 70 t€ | 70 t€ | 70 t€ | 70 t€ |
| Receivables | 947 t€ | 515 t€ | 667 t€ | 570 t€ | 688 t€ | 623 t€ |
| Cash in hand and at banks | 1,6 M€ | 2,5 M€ | 1,8 M€ | 1,7 M€ | 1,4 M€ | 1,4 M€ |
| Current assets | 2,5 M€ | 3,0 M€ | 2,5 M€ | 2,4 M€ | 2,2 M€ | 2,1 M€ |
| Assets | 5,2 M€ | 4,7 M€ | 4,7 M€ | 4,8 M€ | 4,7 M€ | 4,3 M€ |
| Share capital or other similar capital | 9 250 € | 9 250 € | 9 250 € | 9 250 € | 9 250 € | 9 250 € |
| Capital and reserves | 2,3 M€ | 2,1 M€ | 1,7 M€ | 1,9 M€ | 1,6 M€ | 1,4 M€ |
| Long-term liabilities | 1,0 M€ | 1,0 M€ | 1,3 M€ | 1,3 M€ | 1,4 M€ | 1,3 M€ |
| Short-term liabilities | 1,9 M€ | 1,6 M€ | 1,7 M€ | 1,6 M€ | 1,7 M€ | 1,6 M€ |
| Liabilities | 2,9 M€ | 2,6 M€ | 3,0 M€ | 2,9 M€ | 3,1 M€ | 2,9 M€ |
| Legal reserve | 37 t€ | 37 t€ | 37 t€ | 37 t€ | 37 t€ | 37 t€ |
| Other current liabilities | 275 t€ | 278 t€ | 112 t€ | 173 t€ | 181 t€ | 169 t€ |
| Liabilities | 5,2 M€ | 4,7 M€ | 4,7 M€ | 4,8 M€ | 4,7 M€ | 4,3 M€ |
| Long-term liabilities to credit institutions | 1,0 M€ | 1,0 M€ | 1,3 M€ | 1,3 M€ | 1,4 M€ | 1,3 M€ |
| Short-term receivables | 947 t€ | 515 t€ | 667 t€ | 570 t€ | 688 t€ | 623 t€ |
| Other short-term receivables | 94 t€ | 58 t€ | 3 263 € | 81 t€ | 15 t€ | 13 t€ |
| Land and water areas, Owned | 4 484 € | 4 484 € | 4 484 € | 4 484 € | 4 484 € | 4 484 € |
| Other interest and financial income from non-group companies | 45 t€ | 51 t€ | 35 t€ | 2 127 € | 1 135 € | 906 € |
| Machinery and equipment | 2,1 M€ | 1,4 M€ | 1,8 M€ | 2,0 M€ | 2,2 M€ | 2,0 M€ |
| Retained earnings | 1,9 M€ | 1,5 M€ | 1,2 M€ | 1,5 M€ | 1,3 M€ | 747 t€ |
| Short-term accounts payable | 425 t€ | 194 t€ | 402 t€ | 260 t€ | 314 t€ | 257 t€ |
| Wages and salaries | 1,4 M€ | -1,4 M€ | -1,2 M€ | -1,1 M€ | -1,1 M€ | -1,2 M€ |
| Advance payments and construction in progress | – | – | – | – | 0 € | 7 000 € |
| Income from shares in participating interests | – | 0 € | 9 959 € | 0 € | – | – |
| Other shares and similar rights of ownership | 292 t€ | 61 t€ | 64 t€ | 39 t€ | 39 t€ | 39 t€ |
| Short-term sales receivables | 760 t€ | 426 t€ | 383 t€ | 489 t€ | 672 t€ | 602 t€ |
| Profit (loss) for the period, equity | 315 t€ | 513 t€ | 480 t€ | 360 t€ | 350 t€ | 605 t€ |
| Interest expenses and other financial expenses for non-Group companies | 83 t€ | -73 t€ | -60 t€ | -43 t€ | -32 t€ | -33 t€ |
| Pension expenses | 249 t€ | -244 t€ | -217 t€ | -251 t€ | -160 t€ | -177 t€ |
| Short-term prepayments and accrued income | 93 t€ | 30 t€ | 279 t€ | 250 € | 1 130 € | 1 000 € |
| Buildings and structures, Owned | 301 t€ | 287 t€ | 309 t€ | 332 t€ | 317 t€ | 123 t€ |
| Other social security expenses | 73 t€ | -54 t€ | -49 t€ | -54 t€ | -38 t€ | -28 t€ |
| Services purchased | 2,4 M€ | -2,6 M€ | -2,1 M€ | -2,4 M€ | -1,5 M€ | -1,2 M€ |
| Tangible assets | 2,4 M€ | 1,7 M€ | 2,1 M€ | 2,3 M€ | 2,5 M€ | 2,1 M€ |
| Purchases during the financial year | 1,4 M€ | -1,4 M€ | -1,5 M€ | -1,5 M€ | -1,1 M€ | -6 870 € |
| Income from other investments under non-current assets, from other companies | – | 0 € | 1 650 € | 2 310 € | 0 € | – |
| Materials and supplies | – | 0 € | 70 t€ | 70 t€ | 70 t€ | 70 t€ |
| Short-term liabilities to credit institutions | 803 t€ | 620 t€ | 815 t€ | 872 t€ | 881 t€ | 735 t€ |
| Short-term loan receivables | – | 0 € | 2 195 € | 0 € | 0 € | 6 800 € |
| Short-term accrued expenses and deferred income | 389 t€ | 466 t€ | 372 t€ | 320 t€ | 312 t€ | 403 t€ |
| Depreciations according to plan | 558 t€ | -1,0 M€ | -1,0 M€ | -956 t€ | -669 t€ | -676 t€ |
| Inventory increase (+) or decrease (-) | 0 € | -70 t€ | 0 € | – | 0 € | -80 t€ |
| Investments | 292 t€ | 61 t€ | 64 t€ | 39 t€ | 39 t€ | 39 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, Koneteko Pitkänen Oy is in the top 10 % of the industry class logging (777 companies with taxable income; median 49 t€, 12 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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