Studio PAP Ab is a limited company based in Pietarsaari, registered in 1990. The company has been in liquidation since 21.10.2025. In the financial year ending 31.12.2025, revenue was 0 € and operating profit -5 597 €; equity ratio 81.0 %. Latest Trade Register entry: liquidation, 17.12.2025.
Revenue 20250 €-100 % on the previous year
Operating profit-5 597 €
Net profit-6 099 €EBITDA -5 935 €
Equity ratio81,0 %quick ratio 4,35
Taxable income 20240 €
profit as taxed
Income taxes 20240 €0 € in 2020–2024
In business35 yrsregistered 19.12.1990
Trade Register1entries, latest: liquidation
StatusIn liquidationsince 21.10.2025
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 0 € | 1 475 € | 17 t€ | 32 t€ | 8 425 € | 11 t€ |
| Revenue change | -100,0 % | -91,2 % | -46,5 % | 274,2 % | -20,0 % | – |
| EBITDA | -5 935 € | -9 705 € | 3 428 € | 13 t€ | -1 741 € | -35 t€ |
| EBITDA % | – | -657,9 % | 20,3 % | 41,8 % | -20,7 % | -327,6 % |
| Operating profit | -5 597 € | -10 t€ | 2 826 € | 12 t€ | -2 811 € | -36 t€ |
| Operating margin | – | -688,5 % | 16,8 % | 39,2 % | -33,4 % | -341,2 % |
| Net profit | -6 099 € | -11 t€ | 2 721 € | 12 t€ | -3 721 € | -36 t€ |
| Personnel costs | 0 € | 4 989 € | 8 921 € | 7 701 € | 7 068 € | 39 t€ |
| Equity ratio | 81,0 % | 59,7 % | 88,0 % | 90,2 % | 91,9 % | 83,9 % |
| Quick ratio | 4,35 | 2,31 | 7,77 | 9,23 | 9,14 | 4,74 |
| Current ratio | 4,35 | 2,31 | 7,77 | 9,23 | 9,14 | 4,74 |
| Debt to revenue | – | 540,7 % | 19,9 % | 8,2 % | 11,9 % | 27,5 % |
| Return on equity | -127,2 % | -90,6 % | 11,1 % | 52,0 % | -32,7 % | -238,8 % |
| Balance sheet total | 5 921 € | 20 t€ | 28 t€ | 26 t€ | 12 t€ | 18 t€ |
| Equity | 4 793 € | 12 t€ | 25 t€ | 24 t€ | 11 t€ | 15 t€ |
| Cash and bank | 4 684 € | 18 t€ | 23 t€ | 23 t€ | 6 170 € | 12 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 0 € | 1 475 € | 17 t€ | 32 t€ | 8 425 € | 11 t€ |
| Other operating income | – | 0 € | 2 428 € | 0 € | 1 169 € | 1 667 € |
| Raw materials and services | 238 € | -208 € | -475 € | -828 € | 0 € | -575 € |
| Personnel expenses | 0 € | -4 989 € | -8 921 € | -7 701 € | -7 068 € | -39 t€ |
| Depreciations and reductions in value | 339 € | -451 € | -602 € | -802 € | -1 070 € | -1 427 € |
| Other operating expenses | 5 020 € | -5 983 € | -6 459 € | -9 824 € | -4 267 € | -7 308 € |
| Operating profit (loss) | -5 597 € | -10 t€ | 2 826 € | 12 t€ | -2 811 € | -36 t€ |
| Financial income and expenses + (-) | 502 € | -567 € | -105 € | -49 € | -910 € | -115 € |
| Profit (loss) before appropriations and taxes | -6 099 € | -11 t€ | 2 721 € | 12 t€ | -3 721 € | -36 t€ |
| Income taxes | – | – | – | – | 0 € | 7 € |
| Profit (loss) for the financial year | -6 099 € | -11 t€ | 2 721 € | 12 t€ | -3 721 € | -36 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 1 016 € | 1 354 € | 1 806 € | 2 408 € | 3 210 € | 4 280 € |
| Receivables | 222 € | 169 € | 2 775 € | 1 010 € | 2 992 € | 1 968 € |
| Cash in hand and at banks | 4 684 € | 18 t€ | 23 t€ | 23 t€ | 6 170 € | 12 t€ |
| Current assets | 4 906 € | 18 t€ | 26 t€ | 24 t€ | 9 162 € | 14 t€ |
| Assets | 5 921 € | 20 t€ | 28 t€ | 26 t€ | 12 t€ | 18 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 4 793 € | 12 t€ | 25 t€ | 24 t€ | 11 t€ | 15 t€ |
| Short-term liabilities | 1 128 € | 7 976 € | 3 358 € | 2 588 € | 1 002 € | 2 893 € |
| Liabilities | 1 128 € | 7 976 € | 3 358 € | 2 588 € | 1 002 € | 2 893 € |
All financial statement items (39)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 0 € | 1 475 € | 17 t€ | 32 t€ | 8 425 € | 11 t€ |
| Other operating income | – | 0 € | 2 428 € | 0 € | 1 169 € | 1 667 € |
| Raw materials and services | 238 € | -208 € | -475 € | -828 € | 0 € | -575 € |
| Personnel expenses | 0 € | -4 989 € | -8 921 € | -7 701 € | -7 068 € | -39 t€ |
| Depreciations and reductions in value | 339 € | -451 € | -602 € | -802 € | -1 070 € | -1 427 € |
| Other operating expenses | 5 020 € | -5 983 € | -6 459 € | -9 824 € | -4 267 € | -7 308 € |
| Operating profit (loss) | -5 597 € | -10 t€ | 2 826 € | 12 t€ | -2 811 € | -36 t€ |
| Financial income and expenses + (-) | 502 € | -567 € | -105 € | -49 € | -910 € | -115 € |
| Profit (loss) before appropriations and taxes | -6 099 € | -11 t€ | 2 721 € | 12 t€ | -3 721 € | -36 t€ |
| Income taxes | – | – | – | – | 0 € | 7 € |
| Profit (loss) for the financial year | -6 099 € | -11 t€ | 2 721 € | 12 t€ | -3 721 € | -36 t€ |
| Non-current assets | 1 016 € | 1 354 € | 1 806 € | 2 408 € | 3 210 € | 4 280 € |
| Receivables | 222 € | 169 € | 2 775 € | 1 010 € | 2 992 € | 1 968 € |
| Cash in hand and at banks | 4 684 € | 18 t€ | 23 t€ | 23 t€ | 6 170 € | 12 t€ |
| Current assets | 4 906 € | 18 t€ | 26 t€ | 24 t€ | 9 162 € | 14 t€ |
| Assets | 5 921 € | 20 t€ | 28 t€ | 26 t€ | 12 t€ | 18 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 4 793 € | 12 t€ | 25 t€ | 24 t€ | 11 t€ | 15 t€ |
| Short-term liabilities | 1 128 € | 7 976 € | 3 358 € | 2 588 € | 1 002 € | 2 893 € |
| Liabilities | 1 128 € | 7 976 € | 3 358 € | 2 588 € | 1 002 € | 2 893 € |
| Purchases during the financial year | 238 € | -208 € | -475 € | -828 € | 0 € | -575 € |
| Short-term sales receivables | – | 0 € | 347 € | 955 € | 1 823 € | 1 128 € |
| Short-term prepayments and accrued income | – | 0 € | 2 428 € | 56 € | 1 169 € | 0 € |
| Tangible assets | 1 016 € | 1 354 € | 1 806 € | 2 408 € | 3 210 € | 4 280 € |
| Retained earnings | 2 892 € | 15 t€ | 14 t€ | 3 370 € | 7 091 € | 43 t€ |
| Other current liabilities | 0 € | 911 € | 353 € | 1 167 € | 584 € | 1 495 € |
| Other interest and financial income from non-group companies | 1 € | 3 € | 0 € | 0 € | 0 € | 0 € |
| Liabilities | 5 921 € | 20 t€ | 28 t€ | 26 t€ | 12 t€ | 18 t€ |
| Other social security expenses | 0 € | -189 € | -371 € | -228 € | -215 € | -602 € |
| Interest expenses and other financial expenses for non-Group companies | 504 € | -569 € | -105 € | -49 € | -910 € | -115 € |
| Short-term accounts payable | 1 128 € | 3 082 € | 3 004 € | 1 421 € | 418 € | 1 397 € |
| Profit (loss) for the period, equity | -6 099 € | -11 t€ | 2 721 € | 12 t€ | -3 721 € | -36 t€ |
| Depreciations according to plan | 339 € | -451 € | -602 € | -802 € | -1 070 € | -1 427 € |
| Pension expenses | – | – | – | 0 € | -486 € | -1 918 € |
| Machinery and equipment | 1 016 € | 1 354 € | 1 806 € | 2 408 € | 3 210 € | 4 280 € |
| Other short-term receivables | 222 € | 169 € | 0 € | – | 0 € | 840 € |
| Short-term receivables | 222 € | 169 € | 2 775 € | 1 010 € | 2 992 € | 1 968 € |
| Wages and salaries | 0 € | -4 800 € | -8 550 € | -7 473 € | -6 367 € | -36 t€ |
| Short-term accrued expenses and deferred income | 0 € | 3 984 € | 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
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
- Liquidation
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