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T. Tirkkonen Oy

Limited company. Logging.

T. Tirkkonen Oy is a limited company based in Heinävesi, registered in 1990. In the financial year ending 31.12.2025, revenue was 573 t€ and operating profit 187 t€; equity ratio 46.2 %. Its taxable income in 2024 was 118 t€ and its income taxes 24 t€.

Revenue 2025573 t€+14 % on the previous year
Operating profit187 t€32,6 % of revenue
Net profit141 t€EBITDA 86 t€
Equity ratio46,2 %quick ratio 1,87
Taxable income 2024118 t€ upper half of its industry
Income taxes 202424 t€24 t€ in 2024–2024
In business36 yrsregistered 16.5.1990

Financials

0 €502 t€573 t€573 t€-11 t€134 t€187 t€-11 t€100 t€141 t€2024-0120242025
RevenueOperating profitNet profit
Key figures31.12.202531.12.20244.1.2024
Revenue573 t€502 t€0 €
Revenue change14,0 %––
EBITDA86 t€214 t€-11 t€
EBITDA %15,1 %42,6 %–
Operating profit187 t€134 t€-11 t€
Operating margin32,6 %26,6 %–
Net profit141 t€100 t€-11 t€
Personnel costs-86 t€79 t€2 712 €
Equity ratio46,2 %28,9 %9,0 %
Quick ratio1,871,570,53
Current ratio1,871,570,53
Debt to revenue53,9 %59,3 %–
Return on equity53,0 %82,2 %-53,7 %
Balance sheet total574 t€419 t€237 t€
Equity265 t€121 t€21 t€
Cash and bank175 t€119 t€281 €

Balance sheet

237 t€419 t€574 t€574 t€21 t€121 t€265 t€281 €119 t€175 t€2024-0120242025
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.12.202531.12.20244.1.2024
Turnover573 t€502 t€0 €
Other operating income32 t€4 690 €0 €
Raw materials and services200 t€-173 t€-6 867 €
Personnel expenses86 t€-79 t€-2 712 €
Depreciations and reductions in value100 t€-80 t€0 €
Other operating expenses33 t€-42 t€-1 918 €
Operating profit (loss)187 t€134 t€-11 t€
Financial income and expenses + (-)12 t€-8 139 €0 €
Profit (loss) before appropriations and taxes175 t€126 t€-11 t€
Income taxes34 t€-26 t€0 €
Profit (loss) for the financial year141 t€100 t€-11 t€

Balance sheet

31.12.202531.12.20244.1.2024
Non-current assets305 t€245 t€223 t€
Receivables84 t€45 t€3 308 €
Cash in hand and at banks175 t€119 t€281 €
Current assets269 t€174 t€14 t€
Assets574 t€419 t€237 t€
Capital and reserves265 t€121 t€21 t€
Long-term liabilities165 t€187 t€190 t€
Short-term liabilities143 t€111 t€26 t€
Liabilities309 t€298 t€216 t€
All financial statement items (47)
31.12.202531.12.20244.1.2024
Turnover573 t€502 t€0 €
Other operating income32 t€4 690 €0 €
Raw materials and services200 t€-173 t€-6 867 €
Personnel expenses86 t€-79 t€-2 712 €
Depreciations and reductions in value100 t€-80 t€0 €
Other operating expenses33 t€-42 t€-1 918 €
Operating profit (loss)187 t€134 t€-11 t€
Financial income and expenses + (-)12 t€-8 139 €0 €
Profit (loss) before appropriations and taxes175 t€126 t€-11 t€
Income taxes34 t€-26 t€0 €
Profit (loss) for the financial year141 t€100 t€-11 t€
Non-current assets305 t€245 t€223 t€
Receivables84 t€45 t€3 308 €
Cash in hand and at banks175 t€119 t€281 €
Current assets269 t€174 t€14 t€
Assets574 t€419 t€237 t€
Capital and reserves265 t€121 t€21 t€
Long-term liabilities165 t€187 t€190 t€
Short-term liabilities143 t€111 t€26 t€
Liabilities309 t€298 t€216 t€
Pension expenses15 t€-10 t€-542 €
Depreciations according to plan100 t€-80 t€0 €
Tangible assets305 t€245 t€223 t€
Retained earnings103 t€218 €67 t€
Short-term receivables84 t€45 t€3 308 €
Other current liabilities42 t€68 t€9 656 €
Short-term sales receivables83 t€42 t€124 €
Short-term prepayments and accrued income384 €375 €625 €
Other interest and financial income from non-group companies64 €12 €0 €
Interest expenses and other financial expenses for non-Group companies12 t€-8 151 €0 €
Short-term accounts payable12 t€24 t€13 t€
Other shares and holdings10 t€10 t€10 t€
Land and water areas, Owned1 555 €1 555 €0 €
Short-term accrued expenses and deferred income21 t€19 t€3 397 €
Reserve for invested non-restricted equity21 t€21 t€0 €
Shares and holdings10 t€10 t€10 t€
Profit (loss) for the period, equity141 t€100 t€-11 t€
Other social security expenses4 572 €-2 425 €-306 €
Purchases during the financial year124 t€-128 t€-6 867 €
Other short-term receivables413 €2 697 €2 559 €
Long-term liabilities to credit institutions165 t€187 t€190 t€
Services purchased75 t€-44 t€0 €
Buildings and structures, Owned3 661 €3 936 €4 232 €
Wages and salaries66 t€-66 t€-1 864 €
Liabilities574 t€419 t€237 t€
Machinery and equipment300 t€239 t€219 t€
Short-term liabilities to credit institutions68 t€0 €–

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, T. Tirkkonen Oy is in the upper half of the industry class logging (777 companies with taxable income; median 49 t€, 2,4 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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