PK Kanavat Oy is a limited company based in Pieksämäki, registered in 1988. In the financial year ending 31.12.2025, revenue was 898 t€ and operating profit 23 t€; equity ratio 61.0 %. Its taxable income in 2024 was 103 t€ and its income taxes 21 t€. Latest Trade Register entry: change of ceo, 23.1.2026.
Revenue 2025898 t€+1 % on the previous year
Operating profit23 t€2,6 % of revenue
Net profit18 t€EBITDA 14 t€
Equity ratio61,0 %quick ratio 1,42
Taxable income 2024103 t€
upper half of its industry
Income taxes 202421 t€31 t€ in 2020–2024
In business37 yrsregistered 21.12.1988
Trade Register1entries, latest: change of ceo
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 898 t€ | 887 t€ | 716 t€ | 703 t€ |
| Revenue change | 1,2 % | 23,8 % | 1,8 % | – |
| EBITDA | 14 t€ | 110 t€ | 26 t€ | 17 t€ |
| EBITDA % | 1,5 % | 12,4 % | 3,6 % | 2,4 % |
| Operating profit | 23 t€ | 100 t€ | 13 t€ | 5 047 € |
| Operating margin | 2,6 % | 11,2 % | 1,8 % | 0,7 % |
| Net profit | 18 t€ | 79 t€ | 11 t€ | 3 369 € |
| Personnel costs | -398 t€ | 361 t€ | 294 t€ | 257 t€ |
| Equity ratio | 61,0 % | 69,7 % | 63,9 % | 70,9 % |
| Quick ratio | 1,42 | 2,21 | 1,92 | 2,11 |
| Current ratio | 1,74 | 2,63 | 2,21 | 2,30 |
| Debt to revenue | 10,2 % | 11,1 % | 14,4 % | 11,0 % |
| Return on equity | 12,9 % | 34,9 % | 6,2 % | 1,8 % |
| Balance sheet total | 235 t€ | 326 t€ | 286 t€ | 265 t€ |
| Equity | 144 t€ | 227 t€ | 183 t€ | 188 t€ |
| Cash and bank | 62 t€ | 153 t€ | 130 t€ | 82 t€ |
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 | 898 t€ | 887 t€ | 716 t€ | 703 t€ |
| Other operating income | 2 002 € | 50 t€ | 5 275 € | 2 525 € |
| Raw materials and services | 298 t€ | -291 t€ | -238 t€ | -269 t€ |
| Personnel expenses | 398 t€ | -361 t€ | -294 t€ | -257 t€ |
| Depreciations and reductions in value | 9 569 € | -11 t€ | -12 t€ | -12 t€ |
| Other operating expenses | 164 t€ | -183 t€ | -167 t€ | -155 t€ |
| Operating profit (loss) | 23 t€ | 100 t€ | 13 t€ | 5 047 € |
| Financial income and expenses + (-) | 25 € | 1 482 € | -114 € | -311 € |
| Profit (loss) before appropriations and taxes | 23 t€ | 101 t€ | 13 t€ | 4 736 € |
| Income taxes | 4 830 € | -22 t€ | -1 848 € | -1 366 € |
| Profit (loss) for the financial year | 18 t€ | 79 t€ | 11 t€ | 3 369 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 75 t€ | 80 t€ | 86 t€ | 88 t€ |
| Stocks | 30 t€ | 39 t€ | 26 t€ | 15 t€ |
| Receivables | 68 t€ | 54 t€ | 44 t€ | 81 t€ |
| Cash in hand and at banks | 62 t€ | 153 t€ | 130 t€ | 82 t€ |
| Current assets | 160 t€ | 246 t€ | 200 t€ | 177 t€ |
| Assets | 235 t€ | 326 t€ | 286 t€ | 265 t€ |
| Share capital or other similar capital | 20 t€ | 20 t€ | 20 t€ | 20 t€ |
| Capital and reserves | 144 t€ | 227 t€ | 183 t€ | 188 t€ |
| Long-term liabilities | 0 € | 5 440 € | 13 t€ | 0 € |
| Short-term liabilities | 92 t€ | 93 t€ | 91 t€ | 77 t€ |
| Liabilities | 92 t€ | 99 t€ | 103 t€ | 77 t€ |
All financial statement items (51)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 898 t€ | 887 t€ | 716 t€ | 703 t€ |
| Other operating income | 2 002 € | 50 t€ | 5 275 € | 2 525 € |
| Raw materials and services | 298 t€ | -291 t€ | -238 t€ | -269 t€ |
| Personnel expenses | 398 t€ | -361 t€ | -294 t€ | -257 t€ |
| Depreciations and reductions in value | 9 569 € | -11 t€ | -12 t€ | -12 t€ |
| Other operating expenses | 164 t€ | -183 t€ | -167 t€ | -155 t€ |
| Operating profit (loss) | 23 t€ | 100 t€ | 13 t€ | 5 047 € |
| Financial income and expenses + (-) | 25 € | 1 482 € | -114 € | -311 € |
| Profit (loss) before appropriations and taxes | 23 t€ | 101 t€ | 13 t€ | 4 736 € |
| Income taxes | 4 830 € | -22 t€ | -1 848 € | -1 366 € |
| Profit (loss) for the financial year | 18 t€ | 79 t€ | 11 t€ | 3 369 € |
| Non-current assets | 75 t€ | 80 t€ | 86 t€ | 88 t€ |
| Stocks | 30 t€ | 39 t€ | 26 t€ | 15 t€ |
| Receivables | 68 t€ | 54 t€ | 44 t€ | 81 t€ |
| Cash in hand and at banks | 62 t€ | 153 t€ | 130 t€ | 82 t€ |
| Current assets | 160 t€ | 246 t€ | 200 t€ | 177 t€ |
| Assets | 235 t€ | 326 t€ | 286 t€ | 265 t€ |
| Share capital or other similar capital | 20 t€ | 20 t€ | 20 t€ | 20 t€ |
| Capital and reserves | 144 t€ | 227 t€ | 183 t€ | 188 t€ |
| Long-term liabilities | 0 € | 5 440 € | 13 t€ | 0 € |
| Short-term liabilities | 92 t€ | 93 t€ | 91 t€ | 77 t€ |
| Liabilities | 92 t€ | 99 t€ | 103 t€ | 77 t€ |
| Long-term liabilities to credit institutions | 0 € | 5 440 € | 13 t€ | 0 € |
| Other current liabilities | 13 t€ | 21 t€ | 15 t€ | 25 t€ |
| Wages and salaries | 309 t€ | -283 t€ | -230 t€ | -192 t€ |
| Inventory increase (+) or decrease (-) | 2 772 € | 4 523 € | 9 823 € | -14 t€ |
| Pension expenses | 57 t€ | -57 t€ | -45 t€ | -47 t€ |
| Tangible assets | 75 t€ | 80 t€ | 86 t€ | 88 t€ |
| Depreciations according to plan | 9 569 € | -11 t€ | -12 t€ | -12 t€ |
| Liabilities | 235 t€ | 326 t€ | 286 t€ | 265 t€ |
| Investments | 168 € | 168 € | 168 € | 168 € |
| Other social security expenses | 32 t€ | -22 t€ | -18 t€ | -18 t€ |
| Buildings and structures, Owned | 64 t€ | 70 t€ | 72 t€ | 69 t€ |
| Change in stocks of products + (-) | -6 918 € | 8 450 € | 2 000 € | -8 390 € |
| Materials and supplies | 24 t€ | 27 t€ | 22 t€ | 12 t€ |
| Profit (loss) for the period, equity | 18 t€ | 79 t€ | 11 t€ | 3 369 € |
| Services purchased | 2 417 € | -7 744 € | -3 267 € | -700 € |
| Retained earnings | 105 t€ | 128 t€ | 151 t€ | 164 t€ |
| Short-term liabilities to credit institutions | 5 440 € | 6 720 € | 6 720 € | 0 € |
| Purchases during the financial year | 293 t€ | -288 t€ | -244 t€ | -254 t€ |
| Finished products | 5 871 € | 13 t€ | 4 339 € | 2 339 € |
| Other tangible assets | – | 0 € | 594 € | 1 188 € |
| Short-term prepayments and accrued income | 38 t€ | 41 t€ | 8 254 € | 7 798 € |
| Other interest and financial income from non-group companies | 648 € | 2 714 € | 1 133 € | 39 € |
| Other shares and similar rights of ownership | 168 € | 168 € | 168 € | 168 € |
| Short-term accrued expenses and deferred income | 43 t€ | 54 t€ | 51 t€ | 32 t€ |
| Short-term sales receivables | 30 t€ | 13 t€ | 35 t€ | 73 t€ |
| Short-term receivables | 68 t€ | 54 t€ | 44 t€ | 81 t€ |
| Interest expenses and other financial expenses for non-Group companies | 672 € | -1 232 € | -1 247 € | -350 € |
| Machinery and equipment | 11 t€ | 9 791 € | 13 t€ | 17 t€ |
| Short-term accounts payable | 30 t€ | 12 t€ | 18 t€ | 19 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, PK Kanavat Oy is in the upper half of the industry class manufacture of other fabricated metal products n.e.c. (400 companies with taxable income; median 53 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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