Workers Hostel Raisio Oy is a limited company based in Raisio, registered in 1989. In the financial year ending 31.12.2023, operating profit -14 t€; equity ratio 10.3 %. Latest Trade Register entry: restructuring, 29.10.2025.
Gross profit 2023521 t€+76 % on the previous year
Operating profit-14 t€
Net profit-81 t€EBITDA 35 t€
Equity ratio10,3 %quick ratio 0,28
Taxable income 20240 €
profit as taxed
Income taxes 2024100 €100 € in 2020–2024
In business36 yrsregistered 27.12.1989
Trade Register1entries, latest: restructuring
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|---|---|
| Revenue | – | 300 t€ | 41 t€ | – | – |
| Revenue change | 76,1 % | 632,8 % | – | -26,9 % | – |
| Gross profit | 521 t€ | 296 t€ | – | 117 t€ | 160 t€ |
| EBITDA | 35 t€ | 30 t€ | 16 t€ | 57 t€ | 99 t€ |
| EBITDA % | – | 10,0 % | 39,0 % | – | – |
| Operating profit | -14 t€ | -20 t€ | -41 t€ | -8 423 € | 23 t€ |
| Operating margin | – | -6,7 % | -100,0 % | – | – |
| Net profit | -81 t€ | -56 t€ | -35 t€ | -21 t€ | 11 t€ |
| Personnel costs | 42 t€ | 17 t€ | 26 t€ | 31 t€ | 31 t€ |
| Equity ratio | 10,3 % | 21,2 % | – | 16,8 % | 18,4 % |
| Quick ratio | 0,28 | 1,07 | – | 0,04 | 0,43 |
| Current ratio | 0,28 | 1,07 | – | 0,04 | 0,43 |
| Debt to revenue | – | 342,1 % | – | – | – |
| Return on equity | -65,0 % | -20,4 % | – | -9,5 % | 3,7 % |
| Balance sheet total | 1,2 M€ | 1,3 M€ | 1,2 M€ | 1,3 M€ | 1,6 M€ |
| Equity | 125 t€ | 276 t€ | – | 217 t€ | 290 t€ |
| Cash and bank | 15 t€ | 104 t€ | 1 250 € | 15 t€ | 214 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 | |
|---|---|---|---|---|---|
| Turnover | – | 300 t€ | 41 t€ | – | – |
| Gross profit or loss | 521 t€ | 296 t€ | – | 117 t€ | 160 t€ |
| Other operating income | – | 31 t€ | 75 t€ | – | – |
| Raw materials and services | – | -36 t€ | 0 € | – | – |
| Personnel expenses | -42 t€ | -17 t€ | -26 t€ | -31 t€ | -31 t€ |
| Depreciations and reductions in value | -49 t€ | -50 t€ | -57 t€ | -66 t€ | -76 t€ |
| Other operating expenses | -444 t€ | -249 t€ | -74 t€ | -29 t€ | -30 t€ |
| Operating profit (loss) | -14 t€ | -20 t€ | -41 t€ | -8 423 € | 23 t€ |
| Financial income and expenses + (-) | -67 t€ | -36 t€ | 6 454 € | -12 t€ | -12 t€ |
| Profit (loss) before appropriations and taxes | -81 t€ | -56 t€ | -35 t€ | -21 t€ | 11 t€ |
| Profit (loss) for the financial year | -81 t€ | -56 t€ | -35 t€ | -21 t€ | 11 t€ |
Balance sheet
| 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 | |
|---|---|---|---|---|---|
| Non-current assets | 1,1 M€ | 1,2 M€ | – | 1,3 M€ | 1,3 M€ |
| Receivables | 66 t€ | 40 t€ | 26 t€ | 3 316 € | 28 t€ |
| Cash in hand and at banks | 15 t€ | 104 t€ | 1 250 € | 15 t€ | 214 t€ |
| Current assets | 81 t€ | 144 t€ | – | 18 t€ | 242 t€ |
| Assets | 1,2 M€ | 1,3 M€ | 1,2 M€ | 1,3 M€ | 1,6 M€ |
| Share capital or other similar capital | 3 000 € | 3 000 € | – | 3 000 € | 3 000 € |
| Capital and reserves | 125 t€ | 276 t€ | – | 217 t€ | 290 t€ |
| Long-term liabilities | 799 t€ | 893 t€ | – | 561 t€ | 720 t€ |
| Short-term liabilities | 284 t€ | 135 t€ | – | 508 t€ | 566 t€ |
| Liabilities | 1,1 M€ | 1,0 M€ | – | 1,1 M€ | 1,3 M€ |
All financial statement items (54)
| 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 | |
|---|---|---|---|---|---|
| Turnover | – | 300 t€ | 41 t€ | – | – |
| Gross profit or loss | 521 t€ | 296 t€ | – | 117 t€ | 160 t€ |
| Other operating income | – | 31 t€ | 75 t€ | – | – |
| Raw materials and services | – | -36 t€ | 0 € | – | – |
| Personnel expenses | -42 t€ | -17 t€ | -26 t€ | -31 t€ | -31 t€ |
| Depreciations and reductions in value | -49 t€ | -50 t€ | -57 t€ | -66 t€ | -76 t€ |
| Other operating expenses | -444 t€ | -249 t€ | -74 t€ | -29 t€ | -30 t€ |
| Operating profit (loss) | -14 t€ | -20 t€ | -41 t€ | -8 423 € | 23 t€ |
| Financial income and expenses + (-) | -67 t€ | -36 t€ | 6 454 € | -12 t€ | -12 t€ |
| Profit (loss) before appropriations and taxes | -81 t€ | -56 t€ | -35 t€ | -21 t€ | 11 t€ |
| Profit (loss) for the financial year | -81 t€ | -56 t€ | -35 t€ | -21 t€ | 11 t€ |
| Non-current assets | 1,1 M€ | 1,2 M€ | – | 1,3 M€ | 1,3 M€ |
| Receivables | 66 t€ | 40 t€ | 26 t€ | 3 316 € | 28 t€ |
| Cash in hand and at banks | 15 t€ | 104 t€ | 1 250 € | 15 t€ | 214 t€ |
| Current assets | 81 t€ | 144 t€ | – | 18 t€ | 242 t€ |
| Assets | 1,2 M€ | 1,3 M€ | 1,2 M€ | 1,3 M€ | 1,6 M€ |
| Share capital or other similar capital | 3 000 € | 3 000 € | – | 3 000 € | 3 000 € |
| Capital and reserves | 125 t€ | 276 t€ | – | 217 t€ | 290 t€ |
| Long-term liabilities | 799 t€ | 893 t€ | – | 561 t€ | 720 t€ |
| Short-term liabilities | 284 t€ | 135 t€ | – | 508 t€ | 566 t€ |
| Liabilities | 1,1 M€ | 1,0 M€ | – | 1,1 M€ | 1,3 M€ |
| Other social security expenses | -4 733 € | -740 € | -1 292 € | -1 434 € | -1 527 € |
| Long-term subordinated loans | 78 t€ | 98 t€ | – | – | – |
| Other interest and financial income from non-group companies | 160 € | 1 € | 74 € | 0 € | 4 € |
| Short-term accrued expenses and deferred income | 17 t€ | 11 t€ | – | 7 089 € | 7 873 € |
| Tangible assets | 1,1 M€ | 1,2 M€ | 1,2 M€ | 1,3 M€ | 1,3 M€ |
| Pension expenses | -9 547 € | -3 412 € | -3 303 € | -2 707 € | -2 247 € |
| Reserve for invested non-restricted equity | 165 t€ | 165 t€ | – | 15 t€ | 15 t€ |
| Other tangible assets | 2 018 € | 2 018 € | – | 2 018 € | 2 018 € |
| Short-term liabilities to credit institutions | 84 t€ | 75 t€ | – | 105 t€ | 105 t€ |
| Long-term liabilities to credit institutions | 720 t€ | 795 t€ | – | 539 t€ | 643 t€ |
| Liabilities | 1,2 M€ | 1,3 M€ | 1,2 M€ | 1,3 M€ | 1,6 M€ |
| Machinery and equipment | 48 t€ | 47 t€ | – | 84 t€ | 113 t€ |
| Current receivables from participating interests | – | – | – | 0 € | 28 t€ |
| Shares in participating interest company | – | – | – | 1 250 € | 1 250 € |
| Short-term subordinated loans | 20 t€ | 17 t€ | – | – | – |
| Services purchased | – | -36 t€ | 0 € | – | – |
| Wages and salaries | -28 t€ | -13 t€ | -22 t€ | -27 t€ | -27 t€ |
| Share premium reserve | 2 472 € | 2 472 € | – | 2 472 € | 2 472 € |
| Buildings and structures, Owned | 794 t€ | 827 t€ | – | 897 t€ | 935 t€ |
| Long-term accounts payable | – | – | – | 23 t€ | 77 t€ |
| Income from shares in participating interests | – | 0 € | 17 t€ | – | – |
| Other short-term receivables | 18 t€ | 13 t€ | – | – | – |
| Short-term prepayments and accrued income | 1 347 € | 930 € | – | 212 € | 77 € |
| Investments | – | 0 € | 1 250 € | 1 250 € | 1 250 € |
| Short-term sales receivables | 47 t€ | 25 t€ | – | 3 104 € | 0 € |
| Profit (loss) for the period, equity | -81 t€ | -56 t€ | – | -21 t€ | 11 t€ |
| Land and water areas, Owned | 283 t€ | 283 t€ | – | 283 t€ | 283 t€ |
| Other current liabilities | 92 t€ | 8 191 € | – | 340 t€ | 395 t€ |
| Interest expenses and other financial expenses for non-Group companies | -67 t€ | -36 t€ | -11 t€ | -12 t€ | -12 t€ |
| Retained earnings | 35 t€ | 161 t€ | – | 216 t€ | 258 t€ |
| Short-term accounts payable | 72 t€ | 25 t€ | – | 56 t€ | 59 t€ |
| Depreciations according to plan | -49 t€ | -50 t€ | -57 t€ | -66 t€ | -76 t€ |
| Short-term receivables | 66 t€ | 40 t€ | – | 3 316 € | 28 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
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
- Restructuring
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