Sapha Oy is a limited company based in Vantaa, registered in 1990. In the financial year ending 31.12.2025, revenue was 128 t€ and operating profit -6 606 €; equity ratio -8.2 %. It holds 2 alcohol licences.
Revenue 2025128 t€-25 % on the previous year
Operating profit-6 606 €-5,2 % of revenue
Net profit-8 998 €EBITDA -9 526 €
Equity ratio-8,2 %quick ratio 0,43
Taxable income 20240 €
profit as taxed
Income taxes 20240 €0 € in 2020–2024
In business36 yrsregistered 19.9.1990
Alcohol licences2latest 31.7.2007
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 128 t€ | 171 t€ | 157 t€ |
| Revenue change | -25,3 % | 8,5 % | – |
| EBITDA | -9 526 € | 9 918 € | 1 766 € |
| EBITDA % | -7,5 % | 5,8 % | 1,1 % |
| Operating profit | -6 606 € | 7 173 € | -551 € |
| Operating margin | -5,2 % | 4,2 % | -0,3 % |
| Net profit | -8 998 € | 6 220 € | -2 338 € |
| Personnel costs | -65 t€ | 85 t€ | 88 t€ |
| Equity ratio | -8,2 % | 28,4 % | 4,6 % |
| Quick ratio | 0,43 | 4,98 | 2,11 |
| Current ratio | 0,43 | 4,98 | 2,11 |
| Debt to revenue | 16,3 % | 10,9 % | 15,5 % |
| Return on equity | – | 83,9 % | -196,4 % |
| Balance sheet total | 19 t€ | 26 t€ | 26 t€ |
| Equity | -1 587 € | 7 411 € | 1 190 € |
| Cash and bank | 4 294 € | 8 018 € | 13 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 128 t€ | 171 t€ | 157 t€ |
| Other operating income | 4 911 € | 2 813 € | 0 € |
| Raw materials and services | 41 t€ | -41 t€ | -40 t€ |
| Personnel expenses | 65 t€ | -85 t€ | -88 t€ |
| Depreciations and reductions in value | 2 920 € | -2 745 € | -2 317 € |
| Other operating expenses | 30 t€ | -37 t€ | -27 t€ |
| Operating profit (loss) | -6 606 € | 7 173 € | -551 € |
| Financial income and expenses + (-) | 2 392 € | -952 € | -1 787 € |
| Profit (loss) before appropriations and taxes | -8 998 € | 6 220 € | -2 338 € |
| Profit (loss) for the financial year | -8 998 € | 6 220 € | -2 338 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 15 t€ | 18 t€ | 9 938 € |
| Receivables | 0 € | 170 € | 2 465 € |
| Cash in hand and at banks | 4 294 € | 8 018 € | 13 t€ |
| Current assets | 4 294 € | 8 188 € | 16 t€ |
| Assets | 19 t€ | 26 t€ | 26 t€ |
| Share capital or other similar capital | 17 t€ | 17 t€ | 17 t€ |
| Capital and reserves | -1 587 € | 7 411 € | 1 190 € |
| Long-term liabilities | 11 t€ | 17 t€ | 17 t€ |
| Short-term liabilities | 9 937 € | 1 645 € | 7 457 € |
| Liabilities | 21 t€ | 19 t€ | 24 t€ |
All financial statement items (45)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 128 t€ | 171 t€ | 157 t€ |
| Other operating income | 4 911 € | 2 813 € | 0 € |
| Raw materials and services | 41 t€ | -41 t€ | -40 t€ |
| Personnel expenses | 65 t€ | -85 t€ | -88 t€ |
| Depreciations and reductions in value | 2 920 € | -2 745 € | -2 317 € |
| Other operating expenses | 30 t€ | -37 t€ | -27 t€ |
| Operating profit (loss) | -6 606 € | 7 173 € | -551 € |
| Financial income and expenses + (-) | 2 392 € | -952 € | -1 787 € |
| Profit (loss) before appropriations and taxes | -8 998 € | 6 220 € | -2 338 € |
| Profit (loss) for the financial year | -8 998 € | 6 220 € | -2 338 € |
| Non-current assets | 15 t€ | 18 t€ | 9 938 € |
| Receivables | 0 € | 170 € | 2 465 € |
| Cash in hand and at banks | 4 294 € | 8 018 € | 13 t€ |
| Current assets | 4 294 € | 8 188 € | 16 t€ |
| Assets | 19 t€ | 26 t€ | 26 t€ |
| Share capital or other similar capital | 17 t€ | 17 t€ | 17 t€ |
| Capital and reserves | -1 587 € | 7 411 € | 1 190 € |
| Long-term liabilities | 11 t€ | 17 t€ | 17 t€ |
| Short-term liabilities | 9 937 € | 1 645 € | 7 457 € |
| Liabilities | 21 t€ | 19 t€ | 24 t€ |
| Purchases during the financial year | 25 t€ | -29 t€ | -26 t€ |
| Short-term receivables | 0 € | 170 € | 2 465 € |
| Other short-term receivables | 0 € | 170 € | 1 270 € |
| Profit (loss) for the period, equity | -8 998 € | 6 220 € | -2 338 € |
| Tangible assets | 4 142 € | 5 340 € | 6 938 € |
| Other long-term liabilities | 7 000 € | 0 € | – |
| Short-term accrued expenses and deferred income | 380 € | 66 € | 217 € |
| Interest expenses and other financial expenses for non-Group companies | 2 392 € | -952 € | -1 787 € |
| Long-term liabilities to credit institutions | 3 892 € | 17 t€ | 17 t€ |
| Other shares and similar rights of ownership | 3 000 € | 3 000 € | 3 000 € |
| Other social security expenses | 2 932 € | -4 806 € | -1 780 € |
| Short-term sales receivables | – | 0 € | 801 € |
| Depreciations according to plan | 2 920 € | -2 745 € | -2 313 € |
| Other current liabilities | 5 226 € | 0 € | 3 408 € |
| Short-term accounts payable | 4 331 € | 1 579 € | 3 832 € |
| Retained earnings | -9 489 € | -16 t€ | -13 t€ |
| Machinery and equipment | 4 142 € | 5 340 € | 6 938 € |
| Wages and salaries | 53 t€ | -69 t€ | -74 t€ |
| Other intangible assets | 7 806 € | 9 528 € | 0 € |
| Intangible assets | 7 806 € | 9 528 € | 0 € |
| Investments | 3 000 € | 3 000 € | 3 000 € |
| Pension expenses | 9 300 € | -12 t€ | -13 t€ |
| Services purchased | 15 t€ | -13 t€ | -13 t€ |
| Liabilities | 19 t€ | 26 t€ | 26 t€ |
| Short-term prepayments and accrued income | – | 0 € | 394 € |
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.
Alcohol licences
- m/s Lake SealMatkustajasatamaAnniskelu
- m/s Lake StarMatkustajasatamaAnniskelu
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