Borgmästars Svets Ab is a limited company based in Pietarsaari, registered in 1990. In the financial year ending 31.10.2025, revenue was 34 t€ and operating profit 19 t€; equity ratio 98.9 %. Its taxable income in 2024 was 1 223 € and its income taxes 245 €.
Revenue 202534 t€+9 % on the previous year
Operating profit19 t€57,1 % of revenue
Net profit15 t€EBITDA 12 t€
Equity ratio98,9 %quick ratio 16,95
Taxable income 20241 223 €
lower half of its industry
Income taxes 2024245 €245 € in 2020–2024
In business36 yrsregistered 26.9.1990
Financials
RevenueOperating profitNet profit
| Key figures | 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 |
|---|---|---|---|---|---|---|
| Revenue | 34 t€ | 31 t€ | 34 t€ | 34 t€ | 33 t€ | 36 t€ |
| Revenue change | 9,1 % | -8,3 % | 0,2 % | 0,5 % | -6,3 % | – |
| EBITDA | 12 t€ | 25 t€ | 28 t€ | 27 t€ | 24 t€ | 29 t€ |
| EBITDA % | 35,7 % | 79,7 % | 83,8 % | 81,1 % | 70,5 % | 81,4 % |
| Operating profit | 19 t€ | 17 t€ | 20 t€ | 17 t€ | 13 t€ | 17 t€ |
| Operating margin | 57,1 % | 54,6 % | 58,9 % | 51,7 % | 37,9 % | 47,6 % |
| Net profit | 15 t€ | 17 t€ | 19 t€ | 16 t€ | 11 t€ | 14 t€ |
| Equity ratio | 98,9 % | 98,5 % | 98,9 % | 78,2 % | 59,7 % | 45,7 % |
| Quick ratio | 16,95 | 15,43 | 5,11 | 0,13 | 0,12 | 0,18 |
| Current ratio | 16,95 | 15,43 | 5,11 | 0,13 | 0,12 | 0,18 |
| Debt to revenue | 4,2 % | 6,7 % | 3,9 % | 84,5 % | 172,9 % | 248,0 % |
| Return on equity | 12,5 % | 12,1 % | 16,0 % | 16,0 % | 12,8 % | 19,2 % |
| Balance sheet total | 124 t€ | 139 t€ | 122 t€ | 130 t€ | 143 t€ | 163 t€ |
| Equity | 123 t€ | 137 t€ | 121 t€ | 101 t€ | 85 t€ | 74 t€ |
| Cash and bank | 24 t€ | 32 t€ | 6 101 € | 3 539 € | 3 624 € | 15 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 34 t€ | 31 t€ | 34 t€ | 34 t€ | 33 t€ | 36 t€ |
| Depreciations and reductions in value | 7 186 € | -7 748 € | -8 359 € | -9 859 € | -11 t€ | -12 t€ |
| Other operating expenses | 7 232 € | -6 237 € | -5 451 € | -6 339 € | -9 851 € | -6 619 € |
| Operating profit (loss) | 19 t€ | 17 t€ | 20 t€ | 17 t€ | 13 t€ | 17 t€ |
| Financial income and expenses + (-) | -11 € | 26 € | -514 € | -1 113 € | -1 726 € | -2 654 € |
| Profit (loss) before appropriations and taxes | 19 t€ | 17 t€ | 19 t€ | 16 t€ | 11 t€ | 14 t€ |
| Income taxes | 3 836 € | -245 € | 0 € | – | – | – |
| Profit (loss) for the financial year | 15 t€ | 17 t€ | 19 t€ | 16 t€ | 11 t€ | 14 t€ |
Balance sheet
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 100 t€ | 108 t€ | 115 t€ | 126 t€ | 136 t€ | 147 t€ |
| Receivables | 17 € | 0 € | 633 € | 78 € | 3 260 € | 467 € |
| Cash in hand and at banks | 24 t€ | 32 t€ | 6 101 € | 3 539 € | 3 624 € | 15 t€ |
| Current assets | 24 t€ | 32 t€ | 6 734 € | 3 617 € | 6 884 € | 16 t€ |
| Assets | 124 t€ | 139 t€ | 122 t€ | 130 t€ | 143 t€ | 163 t€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 123 t€ | 137 t€ | 121 t€ | 101 t€ | 85 t€ | 74 t€ |
| Short-term liabilities | 1 399 € | 2 063 € | 1 318 € | 28 t€ | 58 t€ | 88 t€ |
| Liabilities | 1 399 € | 2 063 € | 1 318 € | 28 t€ | 58 t€ | 88 t€ |
All financial statement items (37)
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 34 t€ | 31 t€ | 34 t€ | 34 t€ | 33 t€ | 36 t€ |
| Depreciations and reductions in value | 7 186 € | -7 748 € | -8 359 € | -9 859 € | -11 t€ | -12 t€ |
| Other operating expenses | 7 232 € | -6 237 € | -5 451 € | -6 339 € | -9 851 € | -6 619 € |
| Operating profit (loss) | 19 t€ | 17 t€ | 20 t€ | 17 t€ | 13 t€ | 17 t€ |
| Financial income and expenses + (-) | -11 € | 26 € | -514 € | -1 113 € | -1 726 € | -2 654 € |
| Profit (loss) before appropriations and taxes | 19 t€ | 17 t€ | 19 t€ | 16 t€ | 11 t€ | 14 t€ |
| Income taxes | 3 836 € | -245 € | 0 € | – | – | – |
| Profit (loss) for the financial year | 15 t€ | 17 t€ | 19 t€ | 16 t€ | 11 t€ | 14 t€ |
| Non-current assets | 100 t€ | 108 t€ | 115 t€ | 126 t€ | 136 t€ | 147 t€ |
| Receivables | 17 € | 0 € | 633 € | 78 € | 3 260 € | 467 € |
| Cash in hand and at banks | 24 t€ | 32 t€ | 6 101 € | 3 539 € | 3 624 € | 15 t€ |
| Current assets | 24 t€ | 32 t€ | 6 734 € | 3 617 € | 6 884 € | 16 t€ |
| Assets | 124 t€ | 139 t€ | 122 t€ | 130 t€ | 143 t€ | 163 t€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 123 t€ | 137 t€ | 121 t€ | 101 t€ | 85 t€ | 74 t€ |
| Short-term liabilities | 1 399 € | 2 063 € | 1 318 € | 28 t€ | 58 t€ | 88 t€ |
| Liabilities | 1 399 € | 2 063 € | 1 318 € | 28 t€ | 58 t€ | 88 t€ |
| Investments | 1 346 € | 1 346 € | 1 346 € | 1 346 € | 1 346 € | 1 346 € |
| Depreciations according to plan | 7 186 € | -7 748 € | -8 359 € | -9 859 € | -11 t€ | -12 t€ |
| Short-term sales receivables | – | – | – | 0 € | 2 780 € | 0 € |
| Profit (loss) for the period, equity | 15 t€ | 17 t€ | 19 t€ | 16 t€ | 11 t€ | 14 t€ |
| Income from other investments under non-current assets, from other companies | 30 € | 30 € | 30 € | 30 € | 30 € | 30 € |
| Interest expenses and other financial expenses for non-Group companies | 19 € | -8 € | -544 € | -1 143 € | -1 756 € | -2 680 € |
| Short-term liabilities to credit institutions | – | – | 0 € | 27 t€ | 57 t€ | 87 t€ |
| Other shares and similar rights of ownership | 1 346 € | 1 346 € | 1 346 € | 1 346 € | 1 346 € | 1 346 € |
| Short-term receivables | 17 € | 0 € | 633 € | 78 € | 3 260 € | 467 € |
| Liabilities | 124 t€ | 139 t€ | 122 t€ | 130 t€ | 143 t€ | 163 t€ |
| Tangible assets | 99 t€ | 106 t€ | 114 t€ | 125 t€ | 135 t€ | 146 t€ |
| Short-term accrued expenses and deferred income | 0 € | 245 € | 0 € | – | – | – |
| Other short-term receivables | 3 € | 0 € | 633 € | 78 € | 3 € | 25 € |
| Other interest and financial income from non-group companies | 0 € | 4 € | 0 € | – | 0 € | -4 € |
| Other current liabilities | 1 399 € | 1 818 € | 1 318 € | 1 290 € | 626 € | 1 290 € |
| Short-term prepayments and accrued income | 14 € | 0 € | – | 0 € | 477 € | 443 € |
| Machinery and equipment | 243 € | 324 € | 432 € | 3 076 € | 4 102 € | 5 469 € |
| Buildings and structures, Owned | 94 t€ | 102 t€ | 109 t€ | 117 t€ | 126 t€ | 136 t€ |
| Retained earnings | 99 t€ | 112 t€ | 93 t€ | 77 t€ | 66 t€ | 52 t€ |
| Land and water areas, Owned | 4 441 € | 4 441 € | 4 441 € | 4 441 € | 4 441 € | 4 441 € |
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, Borgmästars Svets Ab is in the lower half of the industry class manufacture of doors and windows of metal (37 companies with taxable income; median 44 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.
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