Topi Riivari Oy is a limited company based in Kaarina, registered in 1991. In the financial year ending 31.12.2024, revenue was 3,7 M€ and operating profit 365 t€; equity ratio 63.6 %. Its taxable income in 2024 was 1,3 M€ and its income taxes 260 t€. It has won 1 public contracts in EU procurement notices.
Revenue 20243,7 M€-55 % on the previous year
Operating profit365 t€9,8 % of revenue
Net profit292 t€EBITDA 365 t€
Equity ratio63,6 %quick ratio 2,45
Taxable income 20241,3 M€
top 10 % of its industry
Income taxes 2024260 t€534 t€ in 2020–2024
In business34 yrsregistered 13.11.1991
Contracts won13,7 M€ in total
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | 30.6.2020 | 30.6.2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,7 M€ | 8,3 M€ | 7,2 M€ | 5,2 M€ | 3,7 M€ | 3,3 M€ | 2,2 M€ |
| Revenue change | -55,0 % | 14,7 % | 39,6 % | 41,1 % | 13,1 % | 48,2 % | – |
| EBITDA | 365 t€ | 972 t€ | 991 t€ | 299 t€ | 316 t€ | 172 t€ | 300 t€ |
| EBITDA % | 9,8 % | 11,7 % | 13,7 % | 5,8 % | 8,6 % | 5,3 % | 13,7 % |
| Operating profit | 365 t€ | 899 t€ | 906 t€ | 191 t€ | 185 t€ | 84 t€ | 240 t€ |
| Operating margin | 9,8 % | 10,8 % | 12,5 % | 3,7 % | 5,0 % | 2,6 % | 10,9 % |
| Net profit | 292 t€ | 728 t€ | 718 t€ | 147 t€ | 144 t€ | 65 t€ | 190 t€ |
| Personnel costs | 755 t€ | 1,4 M€ | 1,1 M€ | 974 t€ | 817 t€ | 760 t€ | 551 t€ |
| Equity ratio | 63,6 % | 51,7 % | 56,5 % | 40,1 % | 45,0 % | 48,1 % | 62,1 % |
| Quick ratio | 2,45 | 1,64 | 2,03 | 1,52 | 1,70 | 1,69 | 2,12 |
| Current ratio | 2,69 | 1,90 | 2,12 | 1,52 | 1,70 | 1,69 | 2,12 |
| Debt to revenue | 22,3 % | 13,1 % | 12,1 % | 14,9 % | 15,7 % | 13,0 % | 11,6 % |
| Return on equity | 20,0 % | 62,5 % | 63,2 % | 28,3 % | 30,5 % | 16,6 % | 45,6 % |
| Balance sheet total | 2,3 M€ | 2,3 M€ | 2,0 M€ | 1,3 M€ | 1,0 M€ | 816 t€ | 672 t€ |
| Equity | 1,5 M€ | 1,2 M€ | 1,1 M€ | 518 t€ | 472 t€ | 393 t€ | 417 t€ |
| Cash and bank | 32 t€ | 720 t€ | 614 t€ | 348 t€ | 213 t€ | 355 t€ | 311 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | 30.6.2020 | 30.6.2019 | |
|---|---|---|---|---|---|---|---|
| Turnover | 3,7 M€ | 8,3 M€ | 7,2 M€ | 5,2 M€ | 3,7 M€ | 3,3 M€ | 2,2 M€ |
| Other operating income | 0 € | 59 t€ | 37 t€ | 832 € | 73 t€ | 27 t€ | 11 t€ |
| Raw materials and services | -2,4 M€ | -5,5 M€ | -4,9 M€ | -3,6 M€ | -2,4 M€ | -2,1 M€ | -1,1 M€ |
| Personnel expenses | -755 t€ | -1,4 M€ | -1,1 M€ | -974 t€ | -817 t€ | -760 t€ | -551 t€ |
| Depreciations and reductions in value | 0 € | -72 t€ | -86 t€ | -108 t€ | -131 t€ | -87 t€ | -60 t€ |
| Other operating expenses | -209 t€ | -454 t€ | -322 t€ | -275 t€ | -252 t€ | -228 t€ | -187 t€ |
| Operating profit (loss) | 365 t€ | 899 t€ | 906 t€ | 191 t€ | 185 t€ | 84 t€ | 240 t€ |
| Financial income and expenses + (-) | -226 € | 15 t€ | -7 721 € | -7 489 € | -5 104 € | -658 € | -984 € |
| Profit (loss) before appropriations and taxes | 365 t€ | 914 t€ | 898 t€ | 183 t€ | 180 t€ | 84 t€ | 239 t€ |
| Income taxes | -73 t€ | -186 t€ | -180 t€ | -37 t€ | -36 t€ | -18 t€ | -48 t€ |
| Profit (loss) for the financial year | 292 t€ | 728 t€ | 718 t€ | 147 t€ | 144 t€ | 65 t€ | 190 t€ |
Balance sheet
| 31.12.2024 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | 30.6.2020 | 30.6.2019 | |
|---|---|---|---|---|---|---|---|
| Non-current assets | 168 t€ | 191 t€ | 184 t€ | 152 t€ | 192 t€ | 181 t€ | 151 t€ |
| Stocks | 195 t€ | 281 t€ | 70 t€ | 0 € | – | – | – |
| Receivables | 1,9 M€ | 1,1 M€ | 1,1 M€ | 794 t€ | 645 t€ | 280 t€ | 210 t€ |
| Cash in hand and at banks | 32 t€ | 720 t€ | 614 t€ | 348 t€ | 213 t€ | 355 t€ | 311 t€ |
| Current assets | 2,1 M€ | 2,1 M€ | 1,8 M€ | 1,1 M€ | 857 t€ | 635 t€ | 521 t€ |
| Assets | 2,3 M€ | 2,3 M€ | 2,0 M€ | 1,3 M€ | 1,0 M€ | 816 t€ | 672 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € | – | – |
| Capital and reserves | 1,5 M€ | 1,2 M€ | 1,1 M€ | 518 t€ | 472 t€ | 393 t€ | 417 t€ |
| Long-term liabilities | 47 t€ | 0 € | 11 t€ | 24 t€ | 74 t€ | 48 t€ | 9 534 € |
| Short-term liabilities | 788 t€ | 1,1 M€ | 864 t€ | 751 t€ | 504 t€ | 376 t€ | 245 t€ |
| Liabilities | 835 t€ | 1,1 M€ | 875 t€ | 775 t€ | 577 t€ | 424 t€ | 255 t€ |
All financial statement items (55)
| 31.12.2024 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | 30.6.2020 | 30.6.2019 | |
|---|---|---|---|---|---|---|---|
| Turnover | 3,7 M€ | 8,3 M€ | 7,2 M€ | 5,2 M€ | 3,7 M€ | 3,3 M€ | 2,2 M€ |
| Other operating income | 0 € | 59 t€ | 37 t€ | 832 € | 73 t€ | 27 t€ | 11 t€ |
| Raw materials and services | -2,4 M€ | -5,5 M€ | -4,9 M€ | -3,6 M€ | -2,4 M€ | -2,1 M€ | -1,1 M€ |
| Personnel expenses | -755 t€ | -1,4 M€ | -1,1 M€ | -974 t€ | -817 t€ | -760 t€ | -551 t€ |
| Depreciations and reductions in value | 0 € | -72 t€ | -86 t€ | -108 t€ | -131 t€ | -87 t€ | -60 t€ |
| Other operating expenses | -209 t€ | -454 t€ | -322 t€ | -275 t€ | -252 t€ | -228 t€ | -187 t€ |
| Operating profit (loss) | 365 t€ | 899 t€ | 906 t€ | 191 t€ | 185 t€ | 84 t€ | 240 t€ |
| Financial income and expenses + (-) | -226 € | 15 t€ | -7 721 € | -7 489 € | -5 104 € | -658 € | -984 € |
| Profit (loss) before appropriations and taxes | 365 t€ | 914 t€ | 898 t€ | 183 t€ | 180 t€ | 84 t€ | 239 t€ |
| Income taxes | -73 t€ | -186 t€ | -180 t€ | -37 t€ | -36 t€ | -18 t€ | -48 t€ |
| Profit (loss) for the financial year | 292 t€ | 728 t€ | 718 t€ | 147 t€ | 144 t€ | 65 t€ | 190 t€ |
| Non-current assets | 168 t€ | 191 t€ | 184 t€ | 152 t€ | 192 t€ | 181 t€ | 151 t€ |
| Stocks | 195 t€ | 281 t€ | 70 t€ | 0 € | – | – | – |
| Receivables | 1,9 M€ | 1,1 M€ | 1,1 M€ | 794 t€ | 645 t€ | 280 t€ | 210 t€ |
| Cash in hand and at banks | 32 t€ | 720 t€ | 614 t€ | 348 t€ | 213 t€ | 355 t€ | 311 t€ |
| Current assets | 2,1 M€ | 2,1 M€ | 1,8 M€ | 1,1 M€ | 857 t€ | 635 t€ | 521 t€ |
| Assets | 2,3 M€ | 2,3 M€ | 2,0 M€ | 1,3 M€ | 1,0 M€ | 816 t€ | 672 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € | – | – |
| Capital and reserves | 1,5 M€ | 1,2 M€ | 1,1 M€ | 518 t€ | 472 t€ | 393 t€ | 417 t€ |
| Long-term liabilities | 47 t€ | 0 € | 11 t€ | 24 t€ | 74 t€ | 48 t€ | 9 534 € |
| Short-term liabilities | 788 t€ | 1,1 M€ | 864 t€ | 751 t€ | 504 t€ | 376 t€ | 245 t€ |
| Liabilities | 835 t€ | 1,1 M€ | 875 t€ | 775 t€ | 577 t€ | 424 t€ | 255 t€ |
| Short-term sales receivables | 914 t€ | 931 t€ | 1,0 M€ | 612 t€ | 541 t€ | 105 t€ | 119 t€ |
| Materials and supplies | 195 t€ | 281 t€ | 17 t€ | 0 € | – | – | – |
| Short-term liabilities to Group companies | 3 625 € | 479 € | 0 € | – | – | – | – |
| Other short-term receivables | 58 t€ | 58 t€ | 87 t€ | 96 t€ | 72 t€ | 142 t€ | 66 t€ |
| Long-term receivables | 13 t€ | 16 t€ | 6 065 € | 0 € | – | – | – |
| Other tangible assets | – | 0 € | 3 441 € | 4 014 € | 4 588 € | 5 162 € | 0 € |
| Retained earnings | 1,2 M€ | 434 t€ | 416 t€ | 369 t€ | 325 t€ | 325 t€ | 225 t€ |
| Inventory increase (+) or decrease (-) | -86 t€ | 264 t€ | 17 t€ | 0 € | – | – | – |
| Short-term accrued expenses and deferred income | 304 t€ | 408 t€ | 350 t€ | 181 t€ | 145 t€ | 115 t€ | 119 t€ |
| Other interest and financial income from Group companies | 2 861 € | 5 114 € | 0 € | – | – | – | – |
| Pension expenses | -125 t€ | -210 t€ | -157 t€ | -138 t€ | -113 t€ | -118 t€ | -96 t€ |
| Interest expenses and other financial expenses for Group companies | 0 € | 0 € | 0 € | – | – | – | – |
| Short-term accounts payable | 299 t€ | 453 t€ | 357 t€ | 460 t€ | 294 t€ | 203 t€ | 93 t€ |
| Other current liabilities | 182 t€ | 226 t€ | 157 t€ | 110 t€ | 65 t€ | 58 t€ | 33 t€ |
| Machinery and equipment | 168 t€ | 191 t€ | 180 t€ | 148 t€ | 187 t€ | 176 t€ | 151 t€ |
| Current receivables from Group companies | 772 t€ | 4 960 € | 0 € | – | – | – | – |
| Other interest and financial income from non-group companies | 3 429 € | 21 t€ | 812 € | 112 € | 313 € | 306 € | 225 € |
| Liabilities | 2,3 M€ | 2,3 M€ | 2,0 M€ | 1,3 M€ | 1,0 M€ | 816 t€ | 672 t€ |
| Interest expenses and other financial expenses for non-Group companies | -6 517 € | -11 t€ | -8 533 € | -7 601 € | -5 418 € | -965 € | -1 209 € |
| Purchases during the financial year | -1,3 M€ | -3,3 M€ | -2,4 M€ | -1,9 M€ | -1,3 M€ | -1,0 M€ | -616 t€ |
| Tangible assets | 168 t€ | 191 t€ | 184 t€ | 152 t€ | 192 t€ | 181 t€ | 151 t€ |
| Long-term accounts payable | 47 t€ | 0 € | 11 t€ | 24 t€ | 74 t€ | 48 t€ | 9 534 € |
| Long-term prepayments and accrued income | 13 t€ | 16 t€ | 6 065 € | 0 € | – | – | – |
| Short-term receivables | 1,9 M€ | 1,0 M€ | 1,1 M€ | 794 t€ | 645 t€ | 280 t€ | 210 t€ |
| Wages and salaries | -616 t€ | -1,2 M€ | -883 t€ | -801 t€ | -667 t€ | -607 t€ | -432 t€ |
| Profit (loss) for the period, equity | 292 t€ | 728 t€ | 718 t€ | 147 t€ | 144 t€ | 65 t€ | 190 t€ |
| Depreciations according to plan | 0 € | -69 t€ | -86 t€ | -108 t€ | -131 t€ | -87 t€ | -60 t€ |
| Services purchased | -1,0 M€ | -2,4 M€ | -2,5 M€ | -1,7 M€ | -1,1 M€ | -1,1 M€ | -497 t€ |
| Other social security expenses | -14 t€ | -51 t€ | -40 t€ | -35 t€ | -37 t€ | -35 t€ | -23 t€ |
| Change in stocks of products + (-) | 0 € | -53 t€ | 53 t€ | 0 € | – | 0 € | -54 t€ |
| Work in progress | – | 0 € | 53 t€ | 0 € | – | – | – |
| Short-term prepayments and accrued income | 141 t€ | 52 t€ | 35 t€ | 86 t€ | 32 t€ | 32 t€ | 24 t€ |
| Impairment on non-current assets | 0 € | -3 441 € | 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, Topi Riivari Oy is in the top 10 % of the industry class other building and industrial cleaning activities (187 companies with taxable income; median 16 t€, 83 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.
Public contracts won
- Ilmanvaihtotyöt sekä ilmamäärien mittaus- ja säätötyötTurun kaupunki, Kaarea Oy3,7 M€
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