Keminmaan Lasi Oy is a limited company based in Keminmaa, registered in 1991. In the financial year ending 31.12.2025, revenue was 1,8 M€ and operating profit 198 t€; equity ratio 88.0 %. Its taxable income in 2024 was 192 t€ and its income taxes 39 t€.
Revenue 20251,8 M€+9 % on the previous year
Operating profit198 t€11,2 % of revenue
Net profit180 t€EBITDA 133 t€
Equity ratio88,0 %quick ratio 3,31
Taxable income 2024192 t€
top quarter of its industry
Income taxes 202439 t€236 t€ in 2020–2024
In business35 yrsregistered 3.4.1991
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 1,8 M€ | 1,6 M€ | 1,8 M€ | 1,8 M€ |
| Revenue change | 8,8 % | -7,4 % | -1,5 % | – |
| EBITDA | 133 t€ | 245 t€ | 339 t€ | 317 t€ |
| EBITDA % | 7,5 % | 15,1 % | 19,3 % | 17,8 % |
| Operating profit | 198 t€ | 183 t€ | 274 t€ | 260 t€ |
| Operating margin | 11,2 % | 11,3 % | 15,6 % | 14,6 % |
| Net profit | 180 t€ | 153 t€ | 225 t€ | 202 t€ |
| Personnel costs | -350 t€ | 317 t€ | 319 t€ | 331 t€ |
| Equity ratio | 88,0 % | 89,4 % | 87,7 % | 86,6 % |
| Quick ratio | 3,31 | 3,32 | 4,10 | 4,00 |
| Current ratio | 4,62 | 4,52 | 4,87 | 4,52 |
| Debt to revenue | 11,1 % | 9,9 % | 10,5 % | 10,9 % |
| Return on equity | 12,6 % | 11,3 % | 17,1 % | 16,1 % |
| Balance sheet total | 1,6 M€ | 1,5 M€ | 1,5 M€ | 1,5 M€ |
| Equity | 1,4 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Cash and bank | 327 t€ | 313 t€ | 497 t€ | 553 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 | |
|---|---|---|---|---|
| Turnover | 1,8 M€ | 1,6 M€ | 1,8 M€ | 1,8 M€ |
| Other operating income | 89 t€ | 77 t€ | 61 t€ | 70 t€ |
| Raw materials and services | 938 t€ | -840 t€ | -876 t€ | -945 t€ |
| Personnel expenses | 350 t€ | -317 t€ | -319 t€ | -331 t€ |
| Depreciations and reductions in value | 65 t€ | -62 t€ | -66 t€ | -58 t€ |
| Other operating expenses | 306 t€ | -300 t€ | -281 t€ | -259 t€ |
| Operating profit (loss) | 198 t€ | 183 t€ | 274 t€ | 260 t€ |
| Financial income and expenses + (-) | -27 t€ | 8 538 € | 7 985 € | -6 894 € |
| Profit (loss) before appropriations and taxes | 225 t€ | 192 t€ | 282 t€ | 253 t€ |
| Income taxes | 45 t€ | -38 t€ | -56 t€ | -51 t€ |
| Profit (loss) for the financial year | 180 t€ | 153 t€ | 225 t€ | 202 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 1,0 M€ | 950 t€ | 626 t€ | 594 t€ |
| Stocks | 169 t€ | 153 t€ | 138 t€ | 99 t€ |
| Receivables | 98 t€ | 108 t€ | 116 t€ | 178 t€ |
| Cash in hand and at banks | 327 t€ | 313 t€ | 497 t€ | 553 t€ |
| Current assets | 594 t€ | 575 t€ | 873 t€ | 860 t€ |
| Assets | 1,6 M€ | 1,5 M€ | 1,5 M€ | 1,5 M€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 1,4 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Long-term liabilities | 67 t€ | 34 t€ | 5 415 € | 4 745 € |
| Short-term liabilities | 129 t€ | 127 t€ | 179 t€ | 190 t€ |
| Liabilities | 196 t€ | 161 t€ | 185 t€ | 195 t€ |
All financial statement items (58)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 1,8 M€ | 1,6 M€ | 1,8 M€ | 1,8 M€ |
| Other operating income | 89 t€ | 77 t€ | 61 t€ | 70 t€ |
| Raw materials and services | 938 t€ | -840 t€ | -876 t€ | -945 t€ |
| Personnel expenses | 350 t€ | -317 t€ | -319 t€ | -331 t€ |
| Depreciations and reductions in value | 65 t€ | -62 t€ | -66 t€ | -58 t€ |
| Other operating expenses | 306 t€ | -300 t€ | -281 t€ | -259 t€ |
| Operating profit (loss) | 198 t€ | 183 t€ | 274 t€ | 260 t€ |
| Financial income and expenses + (-) | -27 t€ | 8 538 € | 7 985 € | -6 894 € |
| Profit (loss) before appropriations and taxes | 225 t€ | 192 t€ | 282 t€ | 253 t€ |
| Income taxes | 45 t€ | -38 t€ | -56 t€ | -51 t€ |
| Profit (loss) for the financial year | 180 t€ | 153 t€ | 225 t€ | 202 t€ |
| Non-current assets | 1,0 M€ | 950 t€ | 626 t€ | 594 t€ |
| Stocks | 169 t€ | 153 t€ | 138 t€ | 99 t€ |
| Receivables | 98 t€ | 108 t€ | 116 t€ | 178 t€ |
| Cash in hand and at banks | 327 t€ | 313 t€ | 497 t€ | 553 t€ |
| Current assets | 594 t€ | 575 t€ | 873 t€ | 860 t€ |
| Assets | 1,6 M€ | 1,5 M€ | 1,5 M€ | 1,5 M€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 1,4 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Long-term liabilities | 67 t€ | 34 t€ | 5 415 € | 4 745 € |
| Short-term liabilities | 129 t€ | 127 t€ | 179 t€ | 190 t€ |
| Liabilities | 196 t€ | 161 t€ | 185 t€ | 195 t€ |
| Pension expenses | 66 t€ | -59 t€ | -54 t€ | -57 t€ |
| Depreciations according to plan | 65 t€ | -62 t€ | -66 t€ | -58 t€ |
| Other long-term receivables | 2 753 € | 0 € | – | – |
| Tangible assets | 246 t€ | 240 t€ | 254 t€ | 222 t€ |
| Retained earnings | 1,2 M€ | 1,2 M€ | 1,1 M€ | 1,0 M€ |
| Short-term receivables | 95 t€ | 108 t€ | 116 t€ | 178 t€ |
| Advance payments | 0 € | 2 456 € | 0 € | – |
| Other current liabilities | 58 t€ | 50 t€ | 66 t€ | 102 t€ |
| Short-term sales receivables | 75 t€ | 90 t€ | 95 t€ | 136 t€ |
| Short-term prepayments and accrued income | 17 t€ | 16 t€ | 12 t€ | 33 t€ |
| Other interest and financial income from non-group companies | 405 € | 11 t€ | 11 t€ | 9 398 € |
| Interest expenses and other financial expenses for non-Group companies | 3 170 € | -1 983 € | -2 517 € | -16 t€ |
| Short-term accounts payable | 18 t€ | 35 t€ | 79 t€ | 36 t€ |
| Other shares, financial securities | – | – | 122 t€ | 30 t€ |
| Other long-term liabilities | 5 300 € | 5 300 € | 5 415 € | 4 745 € |
| Land and water areas, Owned | 12 t€ | 12 t€ | 12 t€ | 0 € |
| Materials and supplies | 169 t€ | 150 t€ | 138 t€ | 99 t€ |
| Long-term receivables | 2 753 € | 0 € | – | – |
| Short-term accrued expenses and deferred income | 38 t€ | 37 t€ | 34 t€ | 52 t€ |
| Shares and holdings | – | – | 122 t€ | 30 t€ |
| Profit (loss) for the period, equity | 180 t€ | 153 t€ | 225 t€ | 202 t€ |
| Short-term loan receivables | – | 0 € | 116 € | 0 € |
| Investments | 789 t€ | 710 t€ | 372 t€ | 372 t€ |
| Other social security expenses | 20 t€ | -18 t€ | -17 t€ | -16 t€ |
| Purchases during the financial year | 941 t€ | -841 t€ | -890 t€ | -928 t€ |
| Other short-term receivables | 3 261 € | 2 753 € | 8 984 € | 8 091 € |
| Long-term liabilities to credit institutions | 62 t€ | 29 t€ | 0 € | – |
| Services purchased | 16 t€ | -11 t€ | -25 t€ | -15 t€ |
| Buildings and structures, Owned | 53 t€ | 58 t€ | 59 t€ | 63 t€ |
| Wages and salaries | 264 t€ | -241 t€ | -249 t€ | -259 t€ |
| Income from other investments under non-current assets, from other companies | 30 t€ | 0 € | – | – |
| Liabilities | 1,6 M€ | 1,5 M€ | 1,5 M€ | 1,5 M€ |
| Inventory increase (+) or decrease (-) | -19 t€ | 12 t€ | 39 t€ | -2 085 € |
| Other shares and similar rights of ownership | 789 t€ | 710 t€ | 372 t€ | 372 t€ |
| Machinery and equipment | 181 t€ | 170 t€ | 183 t€ | 158 t€ |
| Short-term liabilities to credit institutions | 16 t€ | 5 340 € | 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, Keminmaan Lasi Oy is in the top quarter of the industry class glazing (75 companies with taxable income; median 37 t€, 5,1 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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