Invest Saarelainen Oy is a limited company based in Kuopio, registered in 1988. In the financial year ending 31.12.2025, revenue was 137 t€ and operating profit -22 t€; equity ratio 100.0 %. Its taxable income in 2024 was 602 t€ and its income taxes 122 t€.
Revenue 2025137 t€-81 % on the previous year
Operating profit-22 t€-16,2 % of revenue
Net profit88 t€EBITDA -59 t€
Equity ratio100,0 %quick ratio 145,01
Taxable income 2024602 t€
top 10 % of its industry
Income taxes 2024122 t€958 t€ in 2020–2024
In business38 yrsregistered 8.6.1988
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 137 t€ | 730 t€ | 451 t€ | 78 t€ | 1,0 M€ | 238 t€ |
| Revenue change | -81,3 % | 62,0 % | 481,3 % | -92,5 % | 331,7 % | – |
| EBITDA | -59 t€ | 567 t€ | 215 t€ | 3,3 M€ | 298 t€ | -34 t€ |
| EBITDA % | -43,0 % | 77,6 % | 47,7 % | 4226,6 % | 29,0 % | -14,1 % |
| Operating profit | -22 t€ | 518 t€ | 137 t€ | 3,1 M€ | 297 t€ | -35 t€ |
| Operating margin | -16,2 % | 71,0 % | 30,3 % | 4054,1 % | 28,8 % | -14,7 % |
| Net profit | 88 t€ | 536 t€ | 225 t€ | 2,8 M€ | 416 t€ | 3,1 M€ |
| Personnel costs | -21 t€ | 5 214 € | 37 t€ | 8 647 € | 120 € | 80 € |
| Equity ratio | 100,0 % | 99,6 % | 99,2 % | 96,7 % | 98,9 % | 99,9 % |
| Quick ratio | 145,01 | 19,79 | 9,65 | 6,55 | 12,64 | 431,70 |
| Current ratio | 178,73 | 24,34 | 12,25 | 8,15 | 17,83 | 552,15 |
| Debt to revenue | 7,4 % | 10,3 % | 36,2 % | 914,5 % | 19,5 % | 7,7 % |
| Return on equity | 0,4 % | 2,5 % | 1,1 % | 13,5 % | 2,3 % | 17,0 % |
| Balance sheet total | 21,3 M€ | 21,4 M€ | 21,1 M€ | 21,6 M€ | 18,4 M€ | 17,9 M€ |
| Equity | 21,3 M€ | 21,3 M€ | 20,9 M€ | 20,9 M€ | 18,2 M€ | 17,9 M€ |
| Cash and bank | 163 t€ | 153 t€ | 152 t€ | 1,2 M€ | 246 t€ | 454 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 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 137 t€ | 730 t€ | 451 t€ | 78 t€ | 1,0 M€ | 238 t€ |
| Other operating income | 0 € | 21 t€ | 0 € | 3,5 M€ | 0 € | 8 113 € |
| Raw materials and services | 262 € | 6 827 € | 736 € | 49 t€ | -624 t€ | -173 t€ |
| Personnel expenses | 21 t€ | -5 214 € | -37 t€ | -8 647 € | -120 € | -80 € |
| Depreciations and reductions in value | 37 t€ | -49 t€ | -79 t€ | -134 t€ | -1 364 € | -1 466 € |
| Other operating expenses | 101 t€ | -185 t€ | -199 t€ | -341 t€ | -107 t€ | -107 t€ |
| Operating profit (loss) | -22 t€ | 518 t€ | 137 t€ | 3,1 M€ | 297 t€ | -35 t€ |
| Financial income and expenses + (-) | -125 t€ | 136 t€ | 179 t€ | 358 t€ | 194 t€ | 3,1 M€ |
| Profit (loss) before appropriations and taxes | 103 t€ | 654 t€ | 315 t€ | 3,5 M€ | 491 t€ | 3,1 M€ |
| Income taxes | 15 t€ | -118 t€ | -90 t€ | -682 t€ | -75 t€ | 0 € |
| Profit (loss) for the financial year | 88 t€ | 536 t€ | 225 t€ | 2,8 M€ | 416 t€ | 3,1 M€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 19,5 M€ | 19,6 M€ | 19,1 M€ | 15,8 M€ | 14,8 M€ | 7,3 M€ |
| Stocks | 342 t€ | 342 t€ | 424 t€ | 1,1 M€ | 1,0 M€ | 2,3 M€ |
| Receivables | 1,3 M€ | 1,3 M€ | 1,4 M€ | 3,4 M€ | 2,3 M€ | 3,4 M€ |
| Cash in hand and at banks | 163 t€ | 153 t€ | 152 t€ | 1,2 M€ | 246 t€ | 454 t€ |
| Current assets | 1,8 M€ | 1,8 M€ | 2,0 M€ | 5,8 M€ | 3,6 M€ | 10,6 M€ |
| Assets | 21,3 M€ | 21,4 M€ | 21,1 M€ | 21,6 M€ | 18,4 M€ | 17,9 M€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 21,3 M€ | 21,3 M€ | 20,9 M€ | 20,9 M€ | 18,2 M€ | 17,9 M€ |
| Long-term liabilities | – | – | – | – | 0 € | 1 539 € |
| Short-term liabilities | 10 t€ | 75 t€ | 163 t€ | 709 t€ | 201 t€ | 19 t€ |
| Liabilities | 10 t€ | 75 t€ | 163 t€ | 709 t€ | 201 t€ | 21 t€ |
All financial statement items (63)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 137 t€ | 730 t€ | 451 t€ | 78 t€ | 1,0 M€ | 238 t€ |
| Other operating income | 0 € | 21 t€ | 0 € | 3,5 M€ | 0 € | 8 113 € |
| Raw materials and services | 262 € | 6 827 € | 736 € | 49 t€ | -624 t€ | -173 t€ |
| Personnel expenses | 21 t€ | -5 214 € | -37 t€ | -8 647 € | -120 € | -80 € |
| Depreciations and reductions in value | 37 t€ | -49 t€ | -79 t€ | -134 t€ | -1 364 € | -1 466 € |
| Other operating expenses | 101 t€ | -185 t€ | -199 t€ | -341 t€ | -107 t€ | -107 t€ |
| Operating profit (loss) | -22 t€ | 518 t€ | 137 t€ | 3,1 M€ | 297 t€ | -35 t€ |
| Financial income and expenses + (-) | -125 t€ | 136 t€ | 179 t€ | 358 t€ | 194 t€ | 3,1 M€ |
| Profit (loss) before appropriations and taxes | 103 t€ | 654 t€ | 315 t€ | 3,5 M€ | 491 t€ | 3,1 M€ |
| Income taxes | 15 t€ | -118 t€ | -90 t€ | -682 t€ | -75 t€ | 0 € |
| Profit (loss) for the financial year | 88 t€ | 536 t€ | 225 t€ | 2,8 M€ | 416 t€ | 3,1 M€ |
| Non-current assets | 19,5 M€ | 19,6 M€ | 19,1 M€ | 15,8 M€ | 14,8 M€ | 7,3 M€ |
| Stocks | 342 t€ | 342 t€ | 424 t€ | 1,1 M€ | 1,0 M€ | 2,3 M€ |
| Receivables | 1,3 M€ | 1,3 M€ | 1,4 M€ | 3,4 M€ | 2,3 M€ | 3,4 M€ |
| Cash in hand and at banks | 163 t€ | 153 t€ | 152 t€ | 1,2 M€ | 246 t€ | 454 t€ |
| Current assets | 1,8 M€ | 1,8 M€ | 2,0 M€ | 5,8 M€ | 3,6 M€ | 10,6 M€ |
| Assets | 21,3 M€ | 21,4 M€ | 21,1 M€ | 21,6 M€ | 18,4 M€ | 17,9 M€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 21,3 M€ | 21,3 M€ | 20,9 M€ | 20,9 M€ | 18,2 M€ | 17,9 M€ |
| Long-term liabilities | – | – | – | – | 0 € | 1 539 € |
| Short-term liabilities | 10 t€ | 75 t€ | 163 t€ | 709 t€ | 201 t€ | 19 t€ |
| Liabilities | 10 t€ | 75 t€ | 163 t€ | 709 t€ | 201 t€ | 21 t€ |
| Other current liabilities | 96 € | 2 207 € | 95 t€ | 3 338 € | 123 t€ | 16 t€ |
| Short-term advances received | – | – | – | – | 0 € | 2 500 € |
| Inventory increase (+) or decrease (-) | 0 € | 6 827 € | 736 € | 50 t€ | -623 t€ | 217 t€ |
| Liabilities | 21,3 M€ | 21,4 M€ | 21,1 M€ | 21,6 M€ | 18,4 M€ | 17,9 M€ |
| Impairment on investments for non-current assets | – | – | 0 € | -102 t€ | 0 € | – |
| Other stocks | 342 t€ | 342 t€ | 424 t€ | 1,1 M€ | 1,0 M€ | 2,3 M€ |
| Reductions in value of shares and holdings in current assets | – | 0 € | -13 t€ | 0 € | – | – |
| Short-term receivables | 109 t€ | 135 t€ | 225 t€ | 1,2 M€ | 78 t€ | 1,3 M€ |
| Other short-term receivables | 1 719 € | 2 280 € | 82 t€ | 1,1 M€ | 4 612 € | 17 t€ |
| Other long-term liabilities | – | – | – | – | 0 € | 1 539 € |
| Land and water areas, Owned | 461 t€ | 461 t€ | 461 t€ | 447 t€ | 392 t€ | 392 t€ |
| Other interest and financial income from non-group companies | 74 t€ | 78 t€ | 84 t€ | 428 t€ | 180 t€ | 280 t€ |
| Share premium reserve | 6 819 € | 6 819 € | 6 819 € | 6 819 € | 6 819 € | 6 819 € |
| Long-term loan receivables | 1,2 M€ | 1,2 M€ | 1,2 M€ | 2,2 M€ | 2,2 M€ | 2,0 M€ |
| Retained earnings | 21,2 M€ | 20,8 M€ | 20,7 M€ | 18,0 M€ | 17,8 M€ | 14,9 M€ |
| Receivables from participating interests (investments) | – | – | – | – | 0 € | 520 t€ |
| Machinery and equipment | 107 t€ | 143 t€ | 232 t€ | 398 t€ | 0 € | – |
| Short-term accounts payable | 9 191 € | 9 043 € | 11 t€ | 5 550 € | 5 512 € | 1 178 € |
| Wages and salaries | 17 t€ | -10 t€ | -29 t€ | -7 448 € | 0 € | – |
| Income from shares in participating interests | – | – | – | 0 € | 22 t€ | 2,8 M€ |
| Other shares and similar rights of ownership | 18,6 M€ | 18,8 M€ | 18,4 M€ | 14,9 M€ | 14,4 M€ | 6,4 M€ |
| Profit (loss) for the period, equity | 88 t€ | 536 t€ | 225 t€ | 2,8 M€ | 416 t€ | 3,1 M€ |
| Interest expenses and other financial expenses for non-Group companies | 103 € | -2 € | -381 € | -106 € | -24 t€ | -283 € |
| Long-term receivables | 1,2 M€ | 1,2 M€ | 1,2 M€ | 2,2 M€ | 2,2 M€ | 2,0 M€ |
| Short-term prepayments and accrued income | 107 t€ | 133 t€ | 143 t€ | 167 t€ | 56 t€ | 101 t€ |
| Buildings and structures, Owned | 14 t€ | 15 t€ | 16 t€ | 17 t€ | 18 t€ | 19 t€ |
| Pension expenses | 95 € | 6 115 € | -6 033 € | -148 € | 0 € | 40 € |
| Other social security expenses | 3 431 € | -1 116 € | -1 981 € | -1 051 € | -120 € | -120 € |
| Other shares and holdings | – | – | – | – | 0 € | 4,5 M€ |
| Services purchased | 262 € | 0 € | 0 € | -1 156 € | -889 € | -1 096 € |
| Income from other investments under non-current assets, from other companies | 51 t€ | 58 t€ | 108 t€ | 32 t€ | 15 t€ | 0 € |
| Purchases during the financial year | – | – | – | – | 0 € | -389 t€ |
| Tangible assets | 582 t€ | 619 t€ | 709 t€ | 861 t€ | 410 t€ | 411 t€ |
| Current receivables from participating interests | – | – | – | – | 0 € | 1,2 M€ |
| Shares and holdings | – | – | – | – | 0 € | 4,5 M€ |
| Shares in participating interest company | 271 t€ | 118 t€ | 28 t€ | 7 900 € | 7 900 € | 7 900 € |
| Short-term loan receivables | – | – | – | 0 € | 17 t€ | 17 t€ |
| Short-term accrued expenses and deferred income | 862 € | 64 t€ | 57 t€ | 700 t€ | 72 t€ | 0 € |
| Depreciations according to plan | 37 t€ | -49 t€ | -79 t€ | -134 t€ | -1 364 € | -1 466 € |
| Income from shares in Group companies | – | – | – | 0 € | 1 200 € | 0 € |
| Investments | 18,9 M€ | 18,9 M€ | 18,4 M€ | 14,9 M€ | 14,4 M€ | 6,9 M€ |
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, Invest Saarelainen Oy is in the top 10 % of the industry class rental of own or leased dwellings and residential real estate (1362 companies with taxable income; median 9 263 €, 65 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.
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