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Kiinteistö Oy Rinnetori

Limited company. Rental and operating of own or leased non-residential real estate.

Kiinteistö Oy Rinnetori is a limited company based in Rovaniemi, registered in 1988. In the financial year ending 31.12.2025, revenue was 1,4 M€ and operating profit 60 t€; equity ratio -3535.1 %. Its taxable income in 2024 was 44 t€ and its income taxes 8 891 €.

Revenue 20251,4 M€+7 % on the previous year
Operating profit60 t€4,3 % of revenue
Net profit48 t€EBITDA 60 t€
Equity ratio-3535,1 %quick ratio 2,04
Taxable income 202444 t€ upper half of its industry
Income taxes 20248 891 €53 t€ in 2020–2024
In business38 yrsregistered 10.8.1988

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Financials

1,4 M€1,4 M€1,3 M€1,4 M€1,4 M€39 t€44 t€44 t€60 t€30 t€35 t€36 t€48 t€2022202320242025
RevenueOperating profitNet profit
Key figures31.12.202531.12.202431.12.202331.12.2022
Revenue1,4 M€1,3 M€1,4 M€1,4 M€
Revenue change7,3 %-9,2 %1,8 %–
EBITDA60 t€44 t€44 t€39 t€
EBITDA %4,3 %3,4 %3,0 %2,7 %
Operating profit60 t€44 t€44 t€39 t€
Operating margin4,3 %3,4 %3,0 %2,7 %
Net profit48 t€36 t€35 t€30 t€
Personnel costs––-157 €0 €
Equity ratio-3535,1 %-6895,0 %-1927,3 %-5197,9 %
Quick ratio2,040,357,910,26
Current ratio2,040,357,910,26
Debt to revenue70,4 %78,3 %76,2 %82,4 %
Balance sheet total27 t€15 t€54 t€22 t€
Equity-966 t€-1,0 M€-1,0 M€-1,2 M€
Cash and bank7 363 €1 254 €41 t€8 677 €

Balance sheet

22 t€54 t€15 t€27 t€27 t€-1,2 M€-1,0 M€-1,0 M€-966 t€8 677 €41 t€1 254 €7 363 €2022202320242025
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.12.202531.12.202431.12.202331.12.2022
Turnover1,4 M€1,3 M€1,4 M€1,4 M€
Other operating income––0 €71 €
Raw materials and services1,3 M€1,3 M€-1,4 M€-1,4 M€
Personnel expenses––157 €0 €
Other operating expenses49 t€13 t€-1 604 €-4 195 €
Operating profit (loss)60 t€44 t€44 t€39 t€
Financial income and expenses + (-)37 €116 €0 €1 €
Profit (loss) before appropriations and taxes60 t€44 t€44 t€39 t€
Income taxes12 t€8 853 €-8 722 €-8 149 €
Profit (loss) for the financial year48 t€36 t€35 t€30 t€

Balance sheet

31.12.202531.12.202431.12.202331.12.2022
Non-current assets13 t€13 t€13 t€13 t€
Receivables6 514 €2 €––
Cash in hand and at banks7 363 €1 254 €41 t€8 677 €
Current assets14 t€1 257 €41 t€8 677 €
Assets27 t€15 t€54 t€22 t€
Share capital or other similar capital25 t€25 t€25 t€25 t€
Capital and reserves-966 t€-1,0 M€-1,0 M€-1,2 M€
Long-term liabilities987 t€1,0 M€1,1 M€1,1 M€
Short-term liabilities6 814 €3 569 €5 184 €34 t€
Liabilities994 t€1,0 M€1,1 M€1,2 M€
All financial statement items (38)
31.12.202531.12.202431.12.202331.12.2022
Turnover1,4 M€1,3 M€1,4 M€1,4 M€
Other operating income––0 €71 €
Raw materials and services1,3 M€1,3 M€-1,4 M€-1,4 M€
Personnel expenses––157 €0 €
Other operating expenses49 t€13 t€-1 604 €-4 195 €
Operating profit (loss)60 t€44 t€44 t€39 t€
Financial income and expenses + (-)37 €116 €0 €1 €
Profit (loss) before appropriations and taxes60 t€44 t€44 t€39 t€
Income taxes12 t€8 853 €-8 722 €-8 149 €
Profit (loss) for the financial year48 t€36 t€35 t€30 t€
Non-current assets13 t€13 t€13 t€13 t€
Receivables6 514 €2 €––
Cash in hand and at banks7 363 €1 254 €41 t€8 677 €
Current assets14 t€1 257 €41 t€8 677 €
Assets27 t€15 t€54 t€22 t€
Share capital or other similar capital25 t€25 t€25 t€25 t€
Capital and reserves-966 t€-1,0 M€-1,0 M€-1,2 M€
Long-term liabilities987 t€1,0 M€1,1 M€1,1 M€
Short-term liabilities6 814 €3 569 €5 184 €34 t€
Liabilities994 t€1,0 M€1,1 M€1,2 M€
Investments13 t€13 t€13 t€13 t€
Other short-term receivables111 €0 €––
Other current liabilities3 450 €2 460 €2 461 €30 t€
Retained earnings-1,0 M€-1,1 M€-1,1 M€-1,2 M€
Short-term prepayments and accrued income11 €2 €––
Short-term sales receivables6 392 €0 €––
Purchases during the financial year1,3 M€1,3 M€-1,4 M€-1,4 M€
Profit (loss) for the period, equity48 t€36 t€35 t€30 t€
Short-term receivables6 514 €2 €––
Interest expenses and other financial expenses for non-Group companies38 €116 €––
Short-term accrued expenses and deferred income3 363 €1 110 €2 723 €3 342 €
Liabilities27 t€15 t€54 t€22 t€
Other interest and financial income from non-group companies0 €0 €0 €1 €
Other shares and similar rights of ownership13 t€13 t€13 t€13 t€
Pension expenses––157 €0 €
Other long-term liabilities22 t€23 t€26 t€0 €
Long-term subordinated loans84 t€84 t€84 t€84 t€
Long-term liabilities to participating interests881 t€918 t€989 t€1,1 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

22 t€115 t€39 t€43 t€44 t€44 t€20202021202220232024

Measured by taxable income, Kiinteistö Oy Rinnetori is in the upper half of the industry class rental and operating of own or leased non-residential real estate (6954 companies with taxable income; median 22 t€, 2,0 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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