Turun Kone-Rent Oy is a limited company based in Turku, registered in 1987. In the financial year ending 31.3.2026, operating profit 96 t€; equity ratio 90.4 %. Its taxable income in 2024 was 87 t€ and its income taxes 18 t€. Public buyers bought 2 771 € from it in 2022–2023; the largest buyer is Rikosseuraamuslaitos (Oikeusministeriön hallinnonala).
Gross profit 20261,5 M€-14 % on the previous year
Operating profit96 t€
Net profit80 t€EBITDA -175 t€
Equity ratio90,4 %quick ratio 2,93
Taxable income 202487 t€
upper half of its industry
Income taxes 202418 t€208 t€ in 2020–2024
In business39 yrsregistered 21.1.1987
Sales to public buyers2 771 €2022–2023
Financials
Gross profitOperating profitNet profit
| Key figures | 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 |
|---|---|---|---|---|---|---|
| Revenue change | -13,8 % | 9,3 % | -11,8 % | 0,2 % | 4,8 % | – |
| Gross profit | 1,5 M€ | 1,7 M€ | 1,6 M€ | 1,8 M€ | 1,8 M€ | 1,7 M€ |
| EBITDA | -175 t€ | 584 t€ | 433 t€ | 597 t€ | 685 t€ | 640 t€ |
| Operating profit | 96 t€ | 246 t€ | 78 t€ | 273 t€ | 333 t€ | 244 t€ |
| Net profit | 80 t€ | 207 t€ | 67 t€ | 218 t€ | 263 t€ | 193 t€ |
| Personnel costs | -651 t€ | 654 t€ | 593 t€ | 575 t€ | 571 t€ | 575 t€ |
| Equity ratio | 90,4 % | 86,8 % | 88,1 % | 86,8 % | 81,1 % | 71,9 % |
| Quick ratio | 2,93 | 2,18 | 2,26 | 3,34 | 2,44 | 1,21 |
| Current ratio | 3,15 | 2,32 | 2,48 | 3,58 | 2,58 | 1,27 |
| Return on equity | 4,0 % | 10,0 % | 3,4 % | 10,6 % | 13,3 % | 10,4 % |
| Balance sheet total | 2,2 M€ | 2,4 M€ | 2,3 M€ | 2,4 M€ | 2,4 M€ | 2,6 M€ |
| Equity | 2,0 M€ | 2,1 M€ | 2,0 M€ | 2,1 M€ | 2,0 M€ | 1,9 M€ |
| Cash and bank | 471 t€ | 485 t€ | 329 t€ | 633 t€ | 656 t€ | 523 t€ |
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 | |
|---|---|---|---|---|---|---|
| Gross profit or loss | 1,5 M€ | 1,7 M€ | 1,6 M€ | 1,8 M€ | 1,8 M€ | 1,7 M€ |
| Personnel expenses | 651 t€ | -654 t€ | -593 t€ | -575 t€ | -571 t€ | -575 t€ |
| Depreciations and reductions in value | 271 t€ | -338 t€ | -355 t€ | -324 t€ | -352 t€ | -396 t€ |
| Other operating expenses | 487 t€ | -507 t€ | -571 t€ | -638 t€ | -550 t€ | -509 t€ |
| Operating profit (loss) | 96 t€ | 246 t€ | 78 t€ | 273 t€ | 333 t€ | 244 t€ |
| Financial income and expenses + (-) | -3 791 € | 13 t€ | 6 536 € | 613 € | -4 442 € | -2 966 € |
| Profit (loss) before appropriations and taxes | 100 t€ | 259 t€ | 84 t€ | 274 t€ | 328 t€ | 241 t€ |
| Income taxes | 20 t€ | -52 t€ | -17 t€ | -55 t€ | -66 t€ | -49 t€ |
| Profit (loss) for the financial year | 80 t€ | 207 t€ | 67 t€ | 218 t€ | 263 t€ | 193 t€ |
Balance sheet
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 1,6 M€ | 1,7 M€ | 1,7 M€ | 1,4 M€ | 1,5 M€ | 1,7 M€ |
| Stocks | 45 t€ | 40 t€ | 54 t€ | 62 t€ | 51 t€ | 40 t€ |
| Receivables | 132 t€ | 168 t€ | 219 t€ | 236 t€ | 188 t€ | 312 t€ |
| Cash in hand and at banks | 471 t€ | 485 t€ | 329 t€ | 633 t€ | 656 t€ | 523 t€ |
| Current assets | 647 t€ | 693 t€ | 602 t€ | 932 t€ | 895 t€ | 875 t€ |
| Assets | 2,2 M€ | 2,4 M€ | 2,3 M€ | 2,4 M€ | 2,4 M€ | 2,6 M€ |
| Share capital or other similar capital | 8 400 € | 8 400 € | 8 400 € | 8 400 € | 8 400 € | 8 400 € |
| Capital and reserves | 2,0 M€ | 2,1 M€ | 2,0 M€ | 2,1 M€ | 2,0 M€ | 1,9 M€ |
| Long-term liabilities | 6 875 € | 14 t€ | 26 t€ | 54 t€ | 114 t€ | 36 t€ |
| Short-term liabilities | 206 t€ | 299 t€ | 242 t€ | 261 t€ | 347 t€ | 688 t€ |
| Liabilities | 212 t€ | 313 t€ | 268 t€ | 314 t€ | 460 t€ | 725 t€ |
All financial statement items (51)
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Gross profit or loss | 1,5 M€ | 1,7 M€ | 1,6 M€ | 1,8 M€ | 1,8 M€ | 1,7 M€ |
| Personnel expenses | 651 t€ | -654 t€ | -593 t€ | -575 t€ | -571 t€ | -575 t€ |
| Depreciations and reductions in value | 271 t€ | -338 t€ | -355 t€ | -324 t€ | -352 t€ | -396 t€ |
| Other operating expenses | 487 t€ | -507 t€ | -571 t€ | -638 t€ | -550 t€ | -509 t€ |
| Operating profit (loss) | 96 t€ | 246 t€ | 78 t€ | 273 t€ | 333 t€ | 244 t€ |
| Financial income and expenses + (-) | -3 791 € | 13 t€ | 6 536 € | 613 € | -4 442 € | -2 966 € |
| Profit (loss) before appropriations and taxes | 100 t€ | 259 t€ | 84 t€ | 274 t€ | 328 t€ | 241 t€ |
| Income taxes | 20 t€ | -52 t€ | -17 t€ | -55 t€ | -66 t€ | -49 t€ |
| Profit (loss) for the financial year | 80 t€ | 207 t€ | 67 t€ | 218 t€ | 263 t€ | 193 t€ |
| Non-current assets | 1,6 M€ | 1,7 M€ | 1,7 M€ | 1,4 M€ | 1,5 M€ | 1,7 M€ |
| Stocks | 45 t€ | 40 t€ | 54 t€ | 62 t€ | 51 t€ | 40 t€ |
| Receivables | 132 t€ | 168 t€ | 219 t€ | 236 t€ | 188 t€ | 312 t€ |
| Cash in hand and at banks | 471 t€ | 485 t€ | 329 t€ | 633 t€ | 656 t€ | 523 t€ |
| Current assets | 647 t€ | 693 t€ | 602 t€ | 932 t€ | 895 t€ | 875 t€ |
| Assets | 2,2 M€ | 2,4 M€ | 2,3 M€ | 2,4 M€ | 2,4 M€ | 2,6 M€ |
| Share capital or other similar capital | 8 400 € | 8 400 € | 8 400 € | 8 400 € | 8 400 € | 8 400 € |
| Capital and reserves | 2,0 M€ | 2,1 M€ | 2,0 M€ | 2,1 M€ | 2,0 M€ | 1,9 M€ |
| Long-term liabilities | 6 875 € | 14 t€ | 26 t€ | 54 t€ | 114 t€ | 36 t€ |
| Short-term liabilities | 206 t€ | 299 t€ | 242 t€ | 261 t€ | 347 t€ | 688 t€ |
| Liabilities | 212 t€ | 313 t€ | 268 t€ | 314 t€ | 460 t€ | 725 t€ |
| Other current liabilities | 34 t€ | 20 t€ | 23 t€ | 34 t€ | 47 t€ | 21 t€ |
| Other tangible assets | 5 445 € | 2 940 € | 3 360 € | 3 901 € | 242 € | 363 € |
| Other receivables (investments) | 457 t€ | 307 t€ | 250 t€ | 100 t€ | 100 t€ | 100 t€ |
| Liabilities | 2,2 M€ | 2,4 M€ | 2,3 M€ | 2,4 M€ | 2,4 M€ | 2,6 M€ |
| Long-term liabilities to credit institutions | – | – | – | 0 € | 5 200 € | 36 t€ |
| Reserve for invested non-restricted equity | 30 t€ | 30 t€ | 30 t€ | 30 t€ | 30 t€ | 30 t€ |
| Short-term receivables | 132 t€ | 168 t€ | 219 t€ | 236 t€ | 188 t€ | 312 t€ |
| Other short-term receivables | – | 0 € | 4 € | 4 € | 4 € | 40 t€ |
| Other interest and financial income from non-group companies | 5 272 € | 17 t€ | 11 t€ | 4 824 € | 395 € | 277 € |
| Finished products | 45 t€ | 40 t€ | 54 t€ | 62 t€ | 51 t€ | 40 t€ |
| Long-term accounts payable | 6 875 € | 14 t€ | 26 t€ | 54 t€ | 109 t€ | 0 € |
| Machinery and equipment | 731 t€ | 926 t€ | 971 t€ | 874 t€ | 956 t€ | 1,1 M€ |
| Retained earnings | 1,9 M€ | 1,8 M€ | 1,9 M€ | 1,8 M€ | 1,7 M€ | 1,6 M€ |
| Short-term accounts payable | 88 t€ | 196 t€ | 125 t€ | 130 t€ | 134 t€ | 517 t€ |
| Land and water areas, Rental rights | 39 t€ | 39 t€ | 39 t€ | 39 t€ | 39 t€ | 39 t€ |
| Wages and salaries | 513 t€ | -516 t€ | -467 t€ | -451 t€ | -452 t€ | -463 t€ |
| Advance payments and construction in progress | 0 € | 42 t€ | 0 € | – | – | – |
| Other shares and similar rights of ownership | 84 € | 84 € | 84 € | 84 € | 84 € | 84 € |
| Short-term sales receivables | 97 t€ | 117 t€ | 149 t€ | 216 t€ | 179 t€ | 235 t€ |
| Profit (loss) for the period, equity | 80 t€ | 207 t€ | 67 t€ | 218 t€ | 263 t€ | 193 t€ |
| Interest expenses and other financial expenses for non-Group companies | 1 601 € | -3 992 € | -4 682 € | -4 212 € | -5 197 € | -3 243 € |
| Pension expenses | 119 t€ | -125 t€ | -112 t€ | -110 t€ | -105 t€ | -98 t€ |
| Other social security expenses | 19 t€ | -13 t€ | -14 t€ | -14 t€ | -14 t€ | -14 t€ |
| Short-term prepayments and accrued income | 35 t€ | 51 t€ | 70 t€ | 21 t€ | 9 390 € | 37 t€ |
| Buildings and structures, Owned | 344 t€ | 370 t€ | 398 t€ | 427 t€ | 448 t€ | 482 t€ |
| Income from other investments under non-current assets, from other companies | 120 € | 0 € | 140 € | 0 € | 360 € | 0 € |
| Tangible assets | 1,1 M€ | 1,4 M€ | 1,4 M€ | 1,3 M€ | 1,4 M€ | 1,6 M€ |
| Short-term liabilities to credit institutions | – | – | 0 € | 5 200 € | 31 t€ | 31 t€ |
| Depreciations according to plan | 271 t€ | -338 t€ | -355 t€ | -324 t€ | -352 t€ | -396 t€ |
| Short-term accrued expenses and deferred income | 84 t€ | 83 t€ | 94 t€ | 91 t€ | 134 t€ | 119 t€ |
| Investments | 457 t€ | 307 t€ | 250 t€ | 100 t€ | 100 t€ | 100 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, Turun Kone-Rent Oy is in the upper half of the industry class rental and leasing of construction and civil engineering machinery and equipment (166 companies with taxable income; median 37 t€, 2,4 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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