Korpisähkö Oy is a limited company based in Oulu, registered in 1993. In the financial year ending 31.12.2025, revenue was 4,4 M€ and operating profit 321 t€; equity ratio 24.8 %. Its taxable income in 2024 was 227 t€ and its income taxes 46 t€. Public buyers bought 14 t€ from it in 2022–2026; the largest buyer is Kasvatuksen Ja Koulutuksen Toimiala, Helsinki (Helsinki).
Revenue 20254,4 M€+20 % on the previous year
Operating profit321 t€7,3 % of revenue
Net profit245 t€EBITDA 243 t€
Equity ratio24,8 %quick ratio 0,98
Taxable income 2024227 t€
top 10 % of its industry
Income taxes 202446 t€360 t€ in 2020–2024
In business33 yrsregistered 20.1.1993
Sales to public buyers14 t€2022–2026
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 4,4 M€ | 3,7 M€ | 3,4 M€ | 2,6 M€ | 2,3 M€ |
| Revenue change | 20,0 % | 8,2 % | 28,1 % | 13,4 % | – |
| EBITDA | 243 t€ | 330 t€ | 466 t€ | 474 t€ | 463 t€ |
| EBITDA % | 5,5 % | 9,0 % | 13,8 % | 17,9 % | 19,9 % |
| Operating profit | 321 t€ | 241 t€ | 386 t€ | 392 t€ | 400 t€ |
| Operating margin | 7,3 % | 6,6 % | 11,4 % | 14,8 % | 17,2 % |
| Net profit | 245 t€ | 181 t€ | 314 t€ | 313 t€ | 311 t€ |
| Personnel costs | -1,6 M€ | 1,5 M€ | 1,3 M€ | 996 t€ | 885 t€ |
| Equity ratio | 24,8 % | 20,5 % | 26,1 % | 30,6 % | 31,3 % |
| Quick ratio | 0,98 | 0,68 | 0,92 | 1,02 | 0,79 |
| Current ratio | 1,14 | 0,89 | 1,06 | 1,17 | 0,91 |
| Debt to revenue | 26,3 % | 24,0 % | 27,5 % | 32,3 % | 35,3 % |
| Return on equity | 64,4 % | 80,2 % | 95,9 % | 83,5 % | 83,4 % |
| Balance sheet total | 1,5 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Equity | 381 t€ | 226 t€ | 327 t€ | 375 t€ | 373 t€ |
| Cash and bank | 384 t€ | 184 t€ | 414 t€ | 347 t€ | 219 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 | |
|---|---|---|---|---|---|
| Turnover | 4,4 M€ | 3,7 M€ | 3,4 M€ | 2,6 M€ | 2,3 M€ |
| Other operating income | 13 t€ | 5 730 € | 11 t€ | 27 t€ | 31 t€ |
| Raw materials and services | 1,7 M€ | -1,1 M€ | -1,1 M€ | -931 t€ | -748 t€ |
| Personnel expenses | 1,6 M€ | -1,5 M€ | -1,3 M€ | -996 t€ | -885 t€ |
| Depreciations and reductions in value | 79 t€ | -90 t€ | -80 t€ | -82 t€ | -63 t€ |
| Other operating expenses | 708 t€ | -669 t€ | -518 t€ | -265 t€ | -264 t€ |
| Operating profit (loss) | 321 t€ | 241 t€ | 386 t€ | 392 t€ | 400 t€ |
| Financial income and expenses + (-) | 14 t€ | -14 t€ | 6 322 € | 68 € | -10 t€ |
| Profit (loss) before appropriations and taxes | 308 t€ | 227 t€ | 393 t€ | 392 t€ | 389 t€ |
| Income taxes | 62 t€ | -45 t€ | -79 t€ | -79 t€ | -78 t€ |
| Profit (loss) for the financial year | 245 t€ | 181 t€ | 314 t€ | 313 t€ | 311 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 407 t€ | 515 t€ | 470 t€ | 715 t€ | 813 t€ |
| Stocks | 157 t€ | 142 t€ | 103 t€ | 66 t€ | 48 t€ |
| Receivables | 585 t€ | 269 t€ | 270 t€ | 99 t€ | 115 t€ |
| Cash in hand and at banks | 384 t€ | 184 t€ | 414 t€ | 347 t€ | 219 t€ |
| Current assets | 1,1 M€ | 595 t€ | 787 t€ | 512 t€ | 382 t€ |
| Assets | 1,5 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Share capital or other similar capital | 8 100 € | 8 100 € | 8 100 € | 8 100 € | 8 100 € |
| Capital and reserves | 381 t€ | 226 t€ | 327 t€ | 375 t€ | 373 t€ |
| Long-term liabilities | 167 t€ | 217 t€ | 187 t€ | 413 t€ | 401 t€ |
| Short-term liabilities | 986 t€ | 668 t€ | 742 t€ | 438 t€ | 420 t€ |
| Liabilities | 1,2 M€ | 885 t€ | 929 t€ | 851 t€ | 821 t€ |
All financial statement items (59)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 4,4 M€ | 3,7 M€ | 3,4 M€ | 2,6 M€ | 2,3 M€ |
| Other operating income | 13 t€ | 5 730 € | 11 t€ | 27 t€ | 31 t€ |
| Raw materials and services | 1,7 M€ | -1,1 M€ | -1,1 M€ | -931 t€ | -748 t€ |
| Personnel expenses | 1,6 M€ | -1,5 M€ | -1,3 M€ | -996 t€ | -885 t€ |
| Depreciations and reductions in value | 79 t€ | -90 t€ | -80 t€ | -82 t€ | -63 t€ |
| Other operating expenses | 708 t€ | -669 t€ | -518 t€ | -265 t€ | -264 t€ |
| Operating profit (loss) | 321 t€ | 241 t€ | 386 t€ | 392 t€ | 400 t€ |
| Financial income and expenses + (-) | 14 t€ | -14 t€ | 6 322 € | 68 € | -10 t€ |
| Profit (loss) before appropriations and taxes | 308 t€ | 227 t€ | 393 t€ | 392 t€ | 389 t€ |
| Income taxes | 62 t€ | -45 t€ | -79 t€ | -79 t€ | -78 t€ |
| Profit (loss) for the financial year | 245 t€ | 181 t€ | 314 t€ | 313 t€ | 311 t€ |
| Non-current assets | 407 t€ | 515 t€ | 470 t€ | 715 t€ | 813 t€ |
| Stocks | 157 t€ | 142 t€ | 103 t€ | 66 t€ | 48 t€ |
| Receivables | 585 t€ | 269 t€ | 270 t€ | 99 t€ | 115 t€ |
| Cash in hand and at banks | 384 t€ | 184 t€ | 414 t€ | 347 t€ | 219 t€ |
| Current assets | 1,1 M€ | 595 t€ | 787 t€ | 512 t€ | 382 t€ |
| Assets | 1,5 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Share capital or other similar capital | 8 100 € | 8 100 € | 8 100 € | 8 100 € | 8 100 € |
| Capital and reserves | 381 t€ | 226 t€ | 327 t€ | 375 t€ | 373 t€ |
| Long-term liabilities | 167 t€ | 217 t€ | 187 t€ | 413 t€ | 401 t€ |
| Short-term liabilities | 986 t€ | 668 t€ | 742 t€ | 438 t€ | 420 t€ |
| Liabilities | 1,2 M€ | 885 t€ | 929 t€ | 851 t€ | 821 t€ |
| Purchases during the financial year | 1,6 M€ | -1,1 M€ | -1,2 M€ | -944 t€ | -740 t€ |
| Short-term receivables | 354 t€ | 234 t€ | 270 t€ | 99 t€ | 115 t€ |
| Other short-term receivables | 6 274 € | 7 283 € | 47 t€ | 8 121 € | 7 595 € |
| Change in stocks of products + (-) | -25 € | 6 213 € | 0 € | – | – |
| Profit (loss) for the period, equity | 245 t€ | 181 t€ | 314 t€ | 313 t€ | 311 t€ |
| Work in progress | 33 t€ | 24 t€ | 0 € | – | – |
| Tangible assets | 162 t€ | 252 t€ | 248 t€ | 244 t€ | 188 t€ |
| Intangible rights | 1 380 € | 1 725 € | 2 070 € | 2 415 € | 2 760 € |
| Short-term accrued expenses and deferred income | 354 t€ | 244 t€ | 205 t€ | 115 t€ | 113 t€ |
| Interest expenses and other financial expenses for non-Group companies | 14 t€ | -14 t€ | -12 t€ | -12 t€ | -10 t€ |
| Long-term liabilities to credit institutions | 130 t€ | 179 t€ | 137 t€ | 349 t€ | 325 t€ |
| Other shares and similar rights of ownership | 212 t€ | 212 t€ | 172 t€ | 468 t€ | 622 t€ |
| Other social security expenses | 47 t€ | -54 t€ | -49 t€ | -46 t€ | -31 t€ |
| Short-term sales receivables | 226 t€ | 123 t€ | 202 t€ | 76 t€ | 98 t€ |
| Income from other investments under non-current assets, from other companies | – | 0 € | 18 t€ | 12 t€ | 0 € |
| Depreciations according to plan | 79 t€ | -90 t€ | -80 t€ | -82 t€ | -63 t€ |
| Other current liabilities | 243 t€ | 175 t€ | 182 t€ | 120 t€ | 87 t€ |
| Inventory increase (+) or decrease (-) | -15 t€ | 33 t€ | 37 t€ | 18 t€ | 4 118 € |
| Short-term accounts payable | 305 t€ | 130 t€ | 179 t€ | 71 t€ | 101 t€ |
| Retained earnings | 127 t€ | 37 t€ | 5 185 € | 54 t€ | 54 t€ |
| Machinery and equipment | 162 t€ | 252 t€ | 248 t€ | 244 t€ | 188 t€ |
| Long-term receivables | 231 t€ | 35 t€ | 0 € | – | – |
| Wages and salaries | 1,3 M€ | -1,2 M€ | -1,0 M€ | -804 t€ | -718 t€ |
| Other interest and financial income from non-group companies | 709 € | 239 € | 52 € | 4 € | 0 € |
| Other intangible assets | 31 t€ | 50 t€ | 47 t€ | 0 € | – |
| Short-term liabilities to credit institutions | 60 t€ | 111 t€ | 156 t€ | 133 t€ | 119 t€ |
| Intangible assets | 33 t€ | 51 t€ | 49 t€ | 2 415 € | 2 760 € |
| Investments | 212 t€ | 212 t€ | 172 t€ | 468 t€ | 622 t€ |
| Pension expenses | 258 t€ | -228 t€ | -191 t€ | -146 t€ | -135 t€ |
| Long-term receivables from Group companies | 231 t€ | 35 t€ | 0 € | – | – |
| Services purchased | 119 t€ | -46 t€ | -22 t€ | -5 986 € | -11 t€ |
| Liabilities | 1,5 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Short-term liabilities to Group companies | 24 t€ | 1 632 € | 20 t€ | 0 € | – |
| Short-term advances received | 0 € | 5 707 € | 0 € | – | – |
| Short-term prepayments and accrued income | 122 t€ | 104 t€ | 21 t€ | 15 t€ | 9 688 € |
| Long-term accounts payable | 38 t€ | 37 t€ | 50 t€ | 64 t€ | 76 t€ |
| Finished products | 124 t€ | 118 t€ | 103 t€ | 66 t€ | 48 t€ |
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, Korpisähkö Oy is in the top 10 % of the industry class electrical installation (1752 companies with taxable income; median 23 t€, 9,8 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.
Sales to public buyers
Largest buyers
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