Joro-Kiinteistöt Oy is a limited company based in Varkaus, registered in 1989. In the financial year ending 30.9.2025, revenue was 20 t€ and operating profit 10 t€; equity ratio 8.1 %. Its taxable income in 2024 was 9 436 € and its income taxes 1 887 €.
Revenue 202520 t€-52 % on the previous year
Operating profit10 t€51,4 % of revenue
Net profit-1 539 €EBITDA 14 t€
Equity ratio8,1 %quick ratio 9,80
Taxable income 20249 436 €
lower half of its industry
Income taxes 20241 887 €7 780 € in 2020–2024
In business36 yrsregistered 8.11.1989
Financials
RevenueOperating profitNet profit
| Key figures | 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 |
|---|---|---|---|---|
| Revenue | 20 t€ | 41 t€ | 70 t€ | 37 t€ |
| Revenue change | -52,4 % | -40,9 % | 91,2 % | – |
| EBITDA | 14 t€ | 24 t€ | 27 t€ | 18 t€ |
| EBITDA % | 73,0 % | 57,7 % | 38,3 % | 49,0 % |
| Operating profit | 10 t€ | 19 t€ | 22 t€ | 13 t€ |
| Operating margin | 51,4 % | 47,0 % | 31,5 % | 34,9 % |
| Net profit | -1 539 € | 7 896 € | 11 t€ | 5 456 € |
| Personnel costs | 30 t€ | 34 t€ | 42 t€ | 38 t€ |
| Equity ratio | 8,1 % | 8,2 % | 3,9 % | -2,0 % |
| Quick ratio | 9,80 | 6,92 | 5,87 | 3,09 |
| Current ratio | 9,80 | 6,92 | 5,87 | 3,09 |
| Debt to revenue | 795,5 % | 416,1 % | 260,7 % | 517,8 % |
| Return on equity | -11,1 % | 51,3 % | 149,4 % | – |
| Balance sheet total | 171 t€ | 188 t€ | 190 t€ | 186 t€ |
| Equity | 14 t€ | 15 t€ | 7 500 € | -3 708 € |
| Cash and bank | 14 t€ | 18 t€ | 27 t€ | 18 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | |
|---|---|---|---|---|
| Turnover | 20 t€ | 41 t€ | 70 t€ | 37 t€ |
| Other operating income | 53 t€ | 53 t€ | 53 t€ | 59 t€ |
| Raw materials and services | -2 743 € | -2 424 € | -8 414 € | -4 305 € |
| Personnel expenses | -30 t€ | -34 t€ | -42 t€ | -38 t€ |
| Depreciations and reductions in value | -4 258 € | -4 452 € | -4 718 € | -5 189 € |
| Other operating expenses | -26 t€ | -33 t€ | -46 t€ | -35 t€ |
| Operating profit (loss) | 10 t€ | 19 t€ | 22 t€ | 13 t€ |
| Financial income and expenses + (-) | -8 012 € | -9 589 € | -8 034 € | -4 648 € |
| Profit (loss) before appropriations and taxes | 2 128 € | 9 870 € | 14 t€ | 8 130 € |
| Income taxes | -3 666 € | -1 974 € | -2 862 € | -2 674 € |
| Profit (loss) for the financial year | -1 539 € | 7 896 € | 11 t€ | 5 456 € |
Balance sheet
| 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | |
|---|---|---|---|---|
| Non-current assets | 97 t€ | 98 t€ | 101 t€ | 104 t€ |
| Receivables | 60 t€ | 71 t€ | 63 t€ | 63 t€ |
| Cash in hand and at banks | 14 t€ | 18 t€ | 27 t€ | 18 t€ |
| Current assets | 74 t€ | 89 t€ | 89 t€ | 82 t€ |
| Assets | 171 t€ | 188 t€ | 190 t€ | 186 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 14 t€ | 15 t€ | 7 500 € | -3 708 € |
| Long-term liabilities | 149 t€ | 159 t€ | 168 t€ | 163 t€ |
| Short-term liabilities | 7 572 € | 13 t€ | 15 t€ | 26 t€ |
| Liabilities | 157 t€ | 172 t€ | 183 t€ | 190 t€ |
All financial statement items (49)
| 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | |
|---|---|---|---|---|
| Turnover | 20 t€ | 41 t€ | 70 t€ | 37 t€ |
| Other operating income | 53 t€ | 53 t€ | 53 t€ | 59 t€ |
| Raw materials and services | -2 743 € | -2 424 € | -8 414 € | -4 305 € |
| Personnel expenses | -30 t€ | -34 t€ | -42 t€ | -38 t€ |
| Depreciations and reductions in value | -4 258 € | -4 452 € | -4 718 € | -5 189 € |
| Other operating expenses | -26 t€ | -33 t€ | -46 t€ | -35 t€ |
| Operating profit (loss) | 10 t€ | 19 t€ | 22 t€ | 13 t€ |
| Financial income and expenses + (-) | -8 012 € | -9 589 € | -8 034 € | -4 648 € |
| Profit (loss) before appropriations and taxes | 2 128 € | 9 870 € | 14 t€ | 8 130 € |
| Income taxes | -3 666 € | -1 974 € | -2 862 € | -2 674 € |
| Profit (loss) for the financial year | -1 539 € | 7 896 € | 11 t€ | 5 456 € |
| Non-current assets | 97 t€ | 98 t€ | 101 t€ | 104 t€ |
| Receivables | 60 t€ | 71 t€ | 63 t€ | 63 t€ |
| Cash in hand and at banks | 14 t€ | 18 t€ | 27 t€ | 18 t€ |
| Current assets | 74 t€ | 89 t€ | 89 t€ | 82 t€ |
| Assets | 171 t€ | 188 t€ | 190 t€ | 186 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 14 t€ | 15 t€ | 7 500 € | -3 708 € |
| Long-term liabilities | 149 t€ | 159 t€ | 168 t€ | 163 t€ |
| Short-term liabilities | 7 572 € | 13 t€ | 15 t€ | 26 t€ |
| Liabilities | 157 t€ | 172 t€ | 183 t€ | 190 t€ |
| Other current liabilities | 3 692 € | 3 660 € | 6 468 € | 4 147 € |
| Liabilities | 171 t€ | 188 t€ | 190 t€ | 186 t€ |
| Long-term liabilities to credit institutions | 149 t€ | 159 t€ | 168 t€ | 163 t€ |
| Reserve for invested non-restricted equity | 39 € | 39 € | 39 € | 39 € |
| Short-term receivables | 60 t€ | 71 t€ | 63 t€ | 63 t€ |
| Other short-term receivables | 42 t€ | 43 t€ | 43 t€ | 43 t€ |
| Land and water areas, Owned | 25 t€ | 25 t€ | 25 t€ | 24 t€ |
| Other interest and financial income from non-group companies | – | 0 € | 1 € | 35 € |
| Machinery and equipment | 1 220 € | 1 627 € | 2 169 € | 2 893 € |
| Retained earnings | 13 t€ | 4 938 € | -6 270 € | -12 t€ |
| Short-term accounts payable | 323 € | 1 309 € | 710 € | 2 038 € |
| Wages and salaries | -26 t€ | -30 t€ | -38 t€ | -35 t€ |
| Intangible assets | 2 625 € | 2 625 € | 2 625 € | 2 625 € |
| Short-term sales receivables | 0 € | 11 t€ | 0 € | – |
| Profit (loss) for the period, equity | -1 539 € | 7 896 € | 11 t€ | 5 456 € |
| Interest expenses and other financial expenses for non-Group companies | -8 012 € | -9 589 € | -8 035 € | -4 683 € |
| Pension expenses | -2 888 € | -3 755 € | -3 174 € | -2 365 € |
| Short-term prepayments and accrued income | 18 t€ | 17 t€ | 19 t€ | 20 t€ |
| Buildings and structures, Owned | 68 t€ | 69 t€ | 71 t€ | 75 t€ |
| Other social security expenses | -819 € | -539 € | -585 € | -658 € |
| Services purchased | -1 710 € | -708 € | -6 925 € | -3 235 € |
| Tangible assets | 94 t€ | 96 t€ | 98 t€ | 102 t€ |
| Purchases during the financial year | -1 033 € | -1 716 € | -1 488 € | -1 070 € |
| Short-term liabilities to credit institutions | – | – | 0 € | 14 t€ |
| Short-term loan receivables | – | 0 € | 408 € | 857 € |
| Short-term accrued expenses and deferred income | 3 558 € | 7 934 € | 8 045 € | 6 068 € |
| Depreciations according to plan | -4 258 € | -4 452 € | -4 718 € | -5 189 € |
| Intangible rights | 2 625 € | 2 625 € | 2 625 € | 2 625 € |
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, Joro-Kiinteistöt Oy is in the lower half of the industry class construction of residential and non-residential buildings (5706 companies with taxable income; median 16 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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