Veljekset Lukkarinen Oy is a limited company based in Lapinlahti, registered in 1990. In the financial year ending 31.8.2025, revenue was 5,5 M€ and operating profit 621 t€; equity ratio 32.4 %. Its taxable income in 2024 was 326 t€ and its income taxes 66 t€. Public buyers bought 2 230 € from it in 2022–2024; the largest buyer is Työllisyys, kehittämis- ja hallintokeskus (Työ- ja elinkeinoministeriön hallinnonala).
Revenue 20255,5 M€+1 % on the previous year
Operating profit621 t€11,3 % of revenue
Net profit417 t€EBITDA 55 t€
Equity ratio32,4 %quick ratio 0,50
Taxable income 2024326 t€
top 10 % of its industry
Income taxes 202466 t€242 t€ in 2020–2024
In business36 yrsregistered 19.9.1990
Sales to public buyers2 230 €2022–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 31.8.2020 |
|---|---|---|---|---|---|---|
| Revenue | 5,5 M€ | 5,4 M€ | 4,9 M€ | 4,5 M€ | 4,0 M€ | 3,4 M€ |
| Revenue change | 1,3 % | 10,7 % | 9,4 % | 13,0 % | 16,5 % | – |
| EBITDA | 55 t€ | 1,1 M€ | 782 t€ | 670 t€ | 563 t€ | 545 t€ |
| EBITDA % | 1,0 % | 19,7 % | 15,9 % | 14,9 % | 14,2 % | 16,0 % |
| Operating profit | 621 t€ | 424 t€ | 185 t€ | 273 t€ | 186 t€ | 244 t€ |
| Operating margin | 11,3 % | 7,8 % | 3,8 % | 6,1 % | 4,7 % | 7,1 % |
| Net profit | 417 t€ | 261 t€ | 95 t€ | 191 t€ | 123 t€ | 135 t€ |
| Personnel costs | -1,8 M€ | 1,6 M€ | 1,5 M€ | 1,4 M€ | 1,2 M€ | 1,1 M€ |
| Equity ratio | 32,4 % | 24,9 % | 25,5 % | 25,4 % | 24,5 % | 24,2 % |
| Quick ratio | 0,50 | 0,46 | 0,36 | 0,34 | 0,37 | 0,15 |
| Current ratio | 0,55 | 0,50 | 0,42 | 0,41 | 0,44 | 0,27 |
| Debt to revenue | 52,4 % | 57,6 % | 52,9 % | 56,4 % | 60,5 % | 60,3 % |
| Return on equity | 32,5 % | 27,8 % | 12,1 % | 25,0 % | 18,2 % | 24,3 % |
| Balance sheet total | 4,3 M€ | 4,2 M€ | 3,5 M€ | 3,4 M€ | 3,2 M€ | 2,7 M€ |
| Equity | 1,3 M€ | 938 t€ | 790 t€ | 761 t€ | 679 t€ | 555 t€ |
| Cash and bank | 213 t€ | 369 t€ | 130 t€ | 42 t€ | 42 t€ | 58 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 31.8.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 5,5 M€ | 5,4 M€ | 4,9 M€ | 4,5 M€ | 4,0 M€ | 3,4 M€ |
| Other operating income | 78 t€ | 650 € | 11 t€ | 1 005 € | 6 988 € | 64 t€ |
| Raw materials and services | 2,2 M€ | -2,4 M€ | -2,3 M€ | -2,1 M€ | -801 t€ | -723 t€ |
| Personnel expenses | 1,8 M€ | -1,6 M€ | -1,5 M€ | -1,4 M€ | -1,2 M€ | -1,1 M€ |
| Depreciations and reductions in value | 567 t€ | -646 t€ | -596 t€ | -397 t€ | -377 t€ | -301 t€ |
| Other operating expenses | 373 t€ | -347 t€ | -322 t€ | -330 t€ | -1,3 M€ | -1,1 M€ |
| Operating profit (loss) | 621 t€ | 424 t€ | 185 t€ | 273 t€ | 186 t€ | 244 t€ |
| Financial income and expenses + (-) | 101 t€ | -97 t€ | -66 t€ | -35 t€ | -32 t€ | -38 t€ |
| Profit (loss) before appropriations and taxes | 521 t€ | 326 t€ | 119 t€ | 238 t€ | 154 t€ | 205 t€ |
| Income taxes | 104 t€ | -65 t€ | -24 t€ | -48 t€ | -31 t€ | -71 t€ |
| Profit (loss) for the financial year | 417 t€ | 261 t€ | 95 t€ | 191 t€ | 123 t€ | 135 t€ |
Balance sheet
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 31.8.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 3,4 M€ | 3,3 M€ | 2,9 M€ | 2,8 M€ | 2,6 M€ | 2,5 M€ |
| Stocks | 74 t€ | 87 t€ | 79 t€ | 101 t€ | 86 t€ | 107 t€ |
| Receivables | 567 t€ | 436 t€ | 393 t€ | 464 t€ | 426 t€ | 72 t€ |
| Cash in hand and at banks | 213 t€ | 369 t€ | 130 t€ | 42 t€ | 42 t€ | 58 t€ |
| Current assets | 854 t€ | 892 t€ | 602 t€ | 607 t€ | 553 t€ | 237 t€ |
| Assets | 4,3 M€ | 4,2 M€ | 3,5 M€ | 3,4 M€ | 3,2 M€ | 2,7 M€ |
| Share capital or other similar capital | 3 000 € | 3 000 € | 3 000 € | 3 000 € | 3 000 € | 3 000 € |
| Capital and reserves | 1,3 M€ | 938 t€ | 790 t€ | 761 t€ | 679 t€ | 555 t€ |
| Appropriations | 100 t€ | 100 t€ | 100 t€ | 100 t€ | 100 t€ | 100 t€ |
| Long-term liabilities | 1,3 M€ | 1,4 M€ | 1,2 M€ | 1,1 M€ | 1,1 M€ | 1,2 M€ |
| Short-term liabilities | 1,6 M€ | 1,8 M€ | 1,4 M€ | 1,5 M€ | 1,3 M€ | 890 t€ |
| Liabilities | 2,9 M€ | 3,1 M€ | 2,6 M€ | 2,5 M€ | 2,4 M€ | 2,1 M€ |
All financial statement items (56)
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 31.8.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 5,5 M€ | 5,4 M€ | 4,9 M€ | 4,5 M€ | 4,0 M€ | 3,4 M€ |
| Other operating income | 78 t€ | 650 € | 11 t€ | 1 005 € | 6 988 € | 64 t€ |
| Raw materials and services | 2,2 M€ | -2,4 M€ | -2,3 M€ | -2,1 M€ | -801 t€ | -723 t€ |
| Personnel expenses | 1,8 M€ | -1,6 M€ | -1,5 M€ | -1,4 M€ | -1,2 M€ | -1,1 M€ |
| Depreciations and reductions in value | 567 t€ | -646 t€ | -596 t€ | -397 t€ | -377 t€ | -301 t€ |
| Other operating expenses | 373 t€ | -347 t€ | -322 t€ | -330 t€ | -1,3 M€ | -1,1 M€ |
| Operating profit (loss) | 621 t€ | 424 t€ | 185 t€ | 273 t€ | 186 t€ | 244 t€ |
| Financial income and expenses + (-) | 101 t€ | -97 t€ | -66 t€ | -35 t€ | -32 t€ | -38 t€ |
| Profit (loss) before appropriations and taxes | 521 t€ | 326 t€ | 119 t€ | 238 t€ | 154 t€ | 205 t€ |
| Income taxes | 104 t€ | -65 t€ | -24 t€ | -48 t€ | -31 t€ | -71 t€ |
| Profit (loss) for the financial year | 417 t€ | 261 t€ | 95 t€ | 191 t€ | 123 t€ | 135 t€ |
| Non-current assets | 3,4 M€ | 3,3 M€ | 2,9 M€ | 2,8 M€ | 2,6 M€ | 2,5 M€ |
| Stocks | 74 t€ | 87 t€ | 79 t€ | 101 t€ | 86 t€ | 107 t€ |
| Receivables | 567 t€ | 436 t€ | 393 t€ | 464 t€ | 426 t€ | 72 t€ |
| Cash in hand and at banks | 213 t€ | 369 t€ | 130 t€ | 42 t€ | 42 t€ | 58 t€ |
| Current assets | 854 t€ | 892 t€ | 602 t€ | 607 t€ | 553 t€ | 237 t€ |
| Assets | 4,3 M€ | 4,2 M€ | 3,5 M€ | 3,4 M€ | 3,2 M€ | 2,7 M€ |
| Share capital or other similar capital | 3 000 € | 3 000 € | 3 000 € | 3 000 € | 3 000 € | 3 000 € |
| Capital and reserves | 1,3 M€ | 938 t€ | 790 t€ | 761 t€ | 679 t€ | 555 t€ |
| Appropriations | 100 t€ | 100 t€ | 100 t€ | 100 t€ | 100 t€ | 100 t€ |
| Long-term liabilities | 1,3 M€ | 1,4 M€ | 1,2 M€ | 1,1 M€ | 1,1 M€ | 1,2 M€ |
| Short-term liabilities | 1,6 M€ | 1,8 M€ | 1,4 M€ | 1,5 M€ | 1,3 M€ | 890 t€ |
| Liabilities | 2,9 M€ | 3,1 M€ | 2,6 M€ | 2,5 M€ | 2,4 M€ | 2,1 M€ |
| Pension expenses | 282 t€ | -256 t€ | -236 t€ | -199 t€ | -185 t€ | -169 t€ |
| Depreciations according to plan | 567 t€ | -646 t€ | -596 t€ | -397 t€ | -377 t€ | -301 t€ |
| Tangible assets | 3,4 M€ | 3,3 M€ | 2,9 M€ | 2,8 M€ | 2,6 M€ | 2,5 M€ |
| Depreciation difference | 100 t€ | 100 t€ | 100 t€ | 100 t€ | 100 t€ | 100 t€ |
| Short-term receivables | 567 t€ | 436 t€ | 393 t€ | 464 t€ | 426 t€ | 72 t€ |
| Retained earnings | 860 t€ | 674 t€ | 647 t€ | 522 t€ | 507 t€ | 373 t€ |
| Long-term accounts payable | 1,3 M€ | 1,3 M€ | 1,2 M€ | 1,0 M€ | 1,1 M€ | 1,1 M€ |
| Other current liabilities | 175 t€ | 270 t€ | 269 t€ | 232 t€ | 213 t€ | 169 t€ |
| Short-term sales receivables | 318 t€ | 257 t€ | 377 t€ | 426 t€ | 385 t€ | 68 t€ |
| Change in stocks of products + (-) | – | – | – | 0 € | -104 t€ | 0 € |
| Short-term prepayments and accrued income | 249 t€ | 179 t€ | 16 t€ | 9 114 € | 4 239 € | 4 363 € |
| Other interest and financial income from non-group companies | 6 858 € | 2 431 € | 674 € | 32 € | 9 € | 145 € |
| Interest expenses and other financial expenses for non-Group companies | 107 t€ | -100 t€ | -67 t€ | -35 t€ | -32 t€ | -38 t€ |
| Short-term accounts payable | 800 t€ | 1,0 M€ | 759 t€ | 730 t€ | 633 t€ | 420 t€ |
| Materials and supplies | 74 t€ | 87 t€ | 79 t€ | 101 t€ | 86 t€ | 2 491 € |
| Short-term accrued expenses and deferred income | 560 t€ | 474 t€ | 378 t€ | 400 t€ | 298 t€ | 262 t€ |
| Reserve for invested non-restricted equity | – | 0 € | 45 t€ | 45 t€ | 45 t€ | 45 t€ |
| Profit (loss) for the period, equity | 417 t€ | 261 t€ | 95 t€ | 191 t€ | 123 t€ | 135 t€ |
| Investments | 3 976 € | 3 976 € | 3 976 € | 3 976 € | 3 976 € | 3 976 € |
| Other social security expenses | 55 t€ | -58 t€ | -46 t€ | -41 t€ | -44 t€ | -41 t€ |
| Purchases during the financial year | 1,3 M€ | -1,4 M€ | -1,3 M€ | -1,3 M€ | -9 668 € | -7 710 € |
| Other short-term receivables | – | – | 0 € | 29 t€ | 36 t€ | 0 € |
| Long-term liabilities to credit institutions | 49 t€ | 72 t€ | 0 € | 36 t€ | 66 t€ | 73 t€ |
| Services purchased | 935 t€ | -1,1 M€ | -976 t€ | -827 t€ | -874 t€ | -752 t€ |
| Buildings and structures, Owned | 4 894 € | 5 296 € | 5 738 € | 6 224 € | 6 759 € | 7 352 € |
| Wages and salaries | 1,4 M€ | -1,3 M€ | -1,2 M€ | -1,1 M€ | -1,0 M€ | -934 t€ |
| Income from other investments under non-current assets, from other companies | – | 0 € | 20 € | 0 € | – | – |
| Liabilities | 4,3 M€ | 4,2 M€ | 3,5 M€ | 3,4 M€ | 3,2 M€ | 2,7 M€ |
| Other stocks | – | – | – | – | 0 € | 104 t€ |
| Inventory increase (+) or decrease (-) | 13 t€ | 8 082 € | -22 t€ | 16 t€ | 83 t€ | 37 t€ |
| Other shares and similar rights of ownership | 3 976 € | 3 976 € | 3 976 € | 3 976 € | 3 976 € | 3 976 € |
| Machinery and equipment | 3,4 M€ | 3,3 M€ | 2,9 M€ | 2,8 M€ | 2,6 M€ | 2,5 M€ |
| Short-term liabilities to credit institutions | 23 t€ | 23 t€ | 36 t€ | 104 t€ | 123 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, Veljekset Lukkarinen Oy is in the top 10 % of the industry class logging (777 companies with taxable income; median 49 t€, 6,7 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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