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VP-Service Oy

Limited company. Wholesale of solid, liquid and gaseous fuels and related products.

VP-Service Oy is a limited company based in Nurmijärvi, registered in 1993. In the financial year ending 31.12.2025, revenue was 2,2 M€ and operating profit 118 t€; equity ratio 57.8 %. Its taxable income in 2024 was 37 t€ and its income taxes 7 474 €. Public buyers bought 46 t€ from it in 2022–2025; the largest buyer is Stara-liikelaitos, Helsinki (Helsinki).

Revenue 20252,2 M€+10 % on the previous year
Operating profit118 t€5,3 % of revenue
Net profit93 t€EBITDA 98 t€
Equity ratio57,8 %quick ratio 0,81
Taxable income 202437 t€ lower half of its industry
Income taxes 20247 474 €18 t€ in 2020–2024
In business33 yrsregistered 30.6.1993
Sales to public buyers46 t€2022–2025

Financials

2,3 M€2,0 M€2,2 M€2,2 M€22 t€39 t€118 t€16 t€29 t€93 t€202320242025
RevenueOperating profitNet profit
Key figures31.12.202531.12.202431.12.2023
Revenue2,2 M€2,0 M€2,3 M€
Revenue change9,5 %-12,6 %–
EBITDA98 t€62 t€39 t€
EBITDA %4,4 %3,1 %1,7 %
Operating profit118 t€39 t€22 t€
Operating margin5,3 %1,9 %0,9 %
Net profit93 t€29 t€16 t€
Personnel costs-361 t€368 t€429 t€
Equity ratio57,8 %43,0 %45,9 %
Quick ratio0,810,670,71
Current ratio1,511,141,12
Debt to revenue12,0 %19,0 %14,4 %
Return on equity25,5 %10,1 %5,8 %
Balance sheet total631 t€673 t€617 t€
Equity365 t€290 t€283 t€
Cash and bank108 t€90 t€81 t€

Balance sheet

617 t€673 t€631 t€631 t€283 t€290 t€365 t€81 t€90 t€108 t€202320242025
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.12.202531.12.202431.12.2023
Turnover2,2 M€2,0 M€2,3 M€
Other operating income16 t€11 t€19 t€
Raw materials and services1,4 M€-1,2 M€-1,4 M€
Personnel expenses361 t€-368 t€-429 t€
Depreciations and reductions in value20 t€-23 t€-17 t€
Other operating expenses354 t€-356 t€-502 t€
Operating profit (loss)118 t€39 t€22 t€
Financial income and expenses + (-)1 373 €-1 747 €-950 €
Profit (loss) before appropriations and taxes116 t€37 t€21 t€
Income taxes23 t€-7 474 €-4 457 €
Profit (loss) for the financial year93 t€29 t€16 t€

Balance sheet

31.12.202531.12.202431.12.2023
Non-current assets232 t€252 t€242 t€
Stocks185 t€172 t€138 t€
Receivables107 t€160 t€155 t€
Cash in hand and at banks108 t€90 t€81 t€
Current assets399 t€421 t€375 t€
Assets631 t€673 t€617 t€
Share capital or other similar capital2 691 €2 691 €2 691 €
Capital and reserves365 t€290 t€283 t€
Long-term liabilities2 747 €14 t€0 €
Short-term liabilities264 t€370 t€334 t€
Liabilities266 t€384 t€334 t€
All financial statement items (52)
31.12.202531.12.202431.12.2023
Turnover2,2 M€2,0 M€2,3 M€
Other operating income16 t€11 t€19 t€
Raw materials and services1,4 M€-1,2 M€-1,4 M€
Personnel expenses361 t€-368 t€-429 t€
Depreciations and reductions in value20 t€-23 t€-17 t€
Other operating expenses354 t€-356 t€-502 t€
Operating profit (loss)118 t€39 t€22 t€
Financial income and expenses + (-)1 373 €-1 747 €-950 €
Profit (loss) before appropriations and taxes116 t€37 t€21 t€
Income taxes23 t€-7 474 €-4 457 €
Profit (loss) for the financial year93 t€29 t€16 t€
Non-current assets232 t€252 t€242 t€
Stocks185 t€172 t€138 t€
Receivables107 t€160 t€155 t€
Cash in hand and at banks108 t€90 t€81 t€
Current assets399 t€421 t€375 t€
Assets631 t€673 t€617 t€
Share capital or other similar capital2 691 €2 691 €2 691 €
Capital and reserves365 t€290 t€283 t€
Long-term liabilities2 747 €14 t€0 €
Short-term liabilities264 t€370 t€334 t€
Liabilities266 t€384 t€334 t€
Other social security expenses6 216 €-6 967 €-10 t€
Other interest and financial income from non-group companies126 €303 €428 €
Short-term accrued expenses and deferred income82 t€74 t€60 t€
Tangible assets228 t€248 t€239 t€
Finished products185 t€172 t€138 t€
Pension expenses50 t€-53 t€-64 t€
Reserve for invested non-restricted equity4 430 €0 €–
Other long-term receivables0 €1 482 €1 482 €
Inventory increase (+) or decrease (-)-13 t€34 t€-48 t€
Liabilities631 t€673 t€617 t€
Machinery and equipment24 t€32 t€9 362 €
Services purchased39 t€-34 t€-35 t€
Wages and salaries304 t€-308 t€-355 t€
Buildings and structures, Owned158 t€170 t€182 t€
Long-term accounts payable2 747 €14 t€0 €
Other short-term receivables2 950 €0 €24 t€
Short-term prepayments and accrued income15 t€17 t€20 t€
Purchases during the financial year1,4 M€-1,2 M€-1,3 M€
Long-term receivables0 €1 482 €1 482 €
Investments3 941 €3 941 €3 941 €
Short-term sales receivables88 t€141 t€110 t€
Other shares and similar rights of ownership3 941 €3 941 €3 941 €
Profit (loss) for the period, equity93 t€29 t€16 t€
Land and water areas, Owned47 t€47 t€47 t€
Other current liabilities35 t€54 t€50 t€
Interest expenses and other financial expenses for non-Group companies1 499 €-2 050 €-1 377 €
Retained earnings265 t€258 t€264 t€
Short-term accounts payable146 t€242 t€224 t€
Depreciations according to plan20 t€-23 t€-17 t€
Short-term receivables107 t€158 t€154 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

0 €0 €30 t€22 t€37 t€37 t€20202021202220232024

Measured by taxable income, VP-Service Oy is in the lower half of the industry class wholesale of solid, liquid and gaseous fuels and related products (60 companies with taxable income; median 40 t€).

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

37 t€7 811 €1 157 €430 €430 €2022202320242025

Largest buyers

  • Stara-liikelaitos, Helsinki Helsinki22 t€
  • Rikosseuraamuslaitos Oikeusministeriön hallinnonala21 t€
  • Eduskunta3 350 €

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