Etab Electric Oy is a limited company based in Vaasa, registered in 1993. In the financial year ending 28.2.2026, revenue was 770 t€ and operating profit -6 107 €; equity ratio 64.4 %. Its taxable income in 2024 was 74 t€ and its income taxes 15 t€. Public buyers bought 2 400 € from it in 2023–2023; the largest buyer is Konsernipalvelut (Pohjois-Pohjanmaan hyvinvointialue).
Revenue 2026770 t€-11 % on the previous year
Operating profit-6 107 €-0,8 % of revenue
Net profit-5 674 €EBITDA -26 t€
Equity ratio64,4 %quick ratio 1,34
Taxable income 202474 t€
top quarter of its industry
Income taxes 202415 t€60 t€ in 2020–2024
In business33 yrsregistered 24.2.1993
Sales to public buyers2 400 €2023–2023
Financials
RevenueOperating profitNet profit
| Key figures | 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 |
|---|---|---|---|---|
| Revenue | 770 t€ | 864 t€ | 784 t€ | 747 t€ |
| Revenue change | -10,9 % | 10,2 % | 5,0 % | – |
| EBITDA | -26 t€ | 38 t€ | 90 t€ | 54 t€ |
| EBITDA % | -3,4 % | 4,4 % | 11,5 % | 7,2 % |
| Operating profit | -6 107 € | 13 t€ | 72 t€ | 31 t€ |
| Operating margin | -0,8 % | 1,5 % | 9,2 % | 4,2 % |
| Net profit | -5 674 € | 13 t€ | 59 t€ | 25 t€ |
| Personnel costs | -441 t€ | 432 t€ | 375 t€ | 363 t€ |
| Equity ratio | 64,4 % | 71,9 % | 71,8 % | 68,2 % |
| Quick ratio | 1,34 | 2,01 | 2,23 | 1,77 |
| Current ratio | 1,98 | 2,35 | 2,52 | 2,07 |
| Debt to revenue | 22,1 % | 15,4 % | 17,9 % | 20,1 % |
| Return on equity | -1,8 % | 3,7 % | 16,6 % | 7,7 % |
| Balance sheet total | 478 t€ | 474 t€ | 497 t€ | 474 t€ |
| Equity | 308 t€ | 341 t€ | 357 t€ | 323 t€ |
| Cash and bank | 50 t€ | 30 t€ | 118 t€ | 80 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Turnover | 770 t€ | 864 t€ | 784 t€ | 747 t€ |
| Other operating income | 0 € | 150 € | 3 168 € | 0 € |
| Raw materials and services | 174 t€ | -252 t€ | -204 t€ | -217 t€ |
| Personnel expenses | 441 t€ | -432 t€ | -375 t€ | -363 t€ |
| Depreciations and reductions in value | 20 t€ | -25 t€ | -18 t€ | -23 t€ |
| Other operating expenses | 141 t€ | -143 t€ | -118 t€ | -113 t€ |
| Operating profit (loss) | -6 107 € | 13 t€ | 72 t€ | 31 t€ |
| Financial income and expenses + (-) | -433 € | 3 015 € | 1 913 € | -10 € |
| Profit (loss) before appropriations and taxes | -5 674 € | 16 t€ | 74 t€ | 31 t€ |
| Income taxes | 0 € | -3 165 € | -15 t€ | -6 267 € |
| Profit (loss) for the financial year | -5 674 € | 13 t€ | 59 t€ | 25 t€ |
Balance sheet
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Non-current assets | 141 t€ | 161 t€ | 143 t€ | 162 t€ |
| Stocks | 110 t€ | 46 t€ | 41 t€ | 45 t€ |
| Receivables | 177 t€ | 238 t€ | 195 t€ | 187 t€ |
| Cash in hand and at banks | 50 t€ | 30 t€ | 118 t€ | 80 t€ |
| Current assets | 338 t€ | 314 t€ | 354 t€ | 312 t€ |
| Assets | 478 t€ | 474 t€ | 497 t€ | 474 t€ |
| Share capital or other similar capital | 8 250 € | 8 250 € | 8 250 € | 8 250 € |
| Capital and reserves | 308 t€ | 341 t€ | 357 t€ | 323 t€ |
| Short-term liabilities | 170 t€ | 133 t€ | 140 t€ | 151 t€ |
| Liabilities | 170 t€ | 133 t€ | 140 t€ | 151 t€ |
All financial statement items (48)
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Turnover | 770 t€ | 864 t€ | 784 t€ | 747 t€ |
| Other operating income | 0 € | 150 € | 3 168 € | 0 € |
| Raw materials and services | 174 t€ | -252 t€ | -204 t€ | -217 t€ |
| Personnel expenses | 441 t€ | -432 t€ | -375 t€ | -363 t€ |
| Depreciations and reductions in value | 20 t€ | -25 t€ | -18 t€ | -23 t€ |
| Other operating expenses | 141 t€ | -143 t€ | -118 t€ | -113 t€ |
| Operating profit (loss) | -6 107 € | 13 t€ | 72 t€ | 31 t€ |
| Financial income and expenses + (-) | -433 € | 3 015 € | 1 913 € | -10 € |
| Profit (loss) before appropriations and taxes | -5 674 € | 16 t€ | 74 t€ | 31 t€ |
| Income taxes | 0 € | -3 165 € | -15 t€ | -6 267 € |
| Profit (loss) for the financial year | -5 674 € | 13 t€ | 59 t€ | 25 t€ |
| Non-current assets | 141 t€ | 161 t€ | 143 t€ | 162 t€ |
| Stocks | 110 t€ | 46 t€ | 41 t€ | 45 t€ |
| Receivables | 177 t€ | 238 t€ | 195 t€ | 187 t€ |
| Cash in hand and at banks | 50 t€ | 30 t€ | 118 t€ | 80 t€ |
| Current assets | 338 t€ | 314 t€ | 354 t€ | 312 t€ |
| Assets | 478 t€ | 474 t€ | 497 t€ | 474 t€ |
| Share capital or other similar capital | 8 250 € | 8 250 € | 8 250 € | 8 250 € |
| Capital and reserves | 308 t€ | 341 t€ | 357 t€ | 323 t€ |
| Short-term liabilities | 170 t€ | 133 t€ | 140 t€ | 151 t€ |
| Liabilities | 170 t€ | 133 t€ | 140 t€ | 151 t€ |
| Short-term sales receivables | 147 t€ | 221 t€ | 174 t€ | 165 t€ |
| Materials and supplies | 110 t€ | 46 t€ | 41 t€ | 45 t€ |
| Other short-term receivables | 35 € | 0 € | 6 407 € | 8 699 € |
| Retained earnings | 305 t€ | 320 t€ | 289 t€ | 290 t€ |
| Income from other investments under non-current assets, from other companies | 75 € | 100 € | 180 € | 55 € |
| Inventory increase (+) or decrease (-) | -64 t€ | 4 720 € | -3 889 € | 7 010 € |
| Short-term accrued expenses and deferred income | 79 t€ | 61 t€ | 70 t€ | 78 t€ |
| Buildings and structures, Owned | 75 t€ | 81 t€ | 86 t€ | 92 t€ |
| Pension expenses | 66 t€ | -65 t€ | -64 t€ | -55 t€ |
| Other shares and similar rights of ownership | 572 € | 572 € | 572 € | 572 € |
| Short-term accounts payable | 32 t€ | 21 t€ | 22 t€ | 13 t€ |
| Other current liabilities | 59 t€ | 51 t€ | 48 t€ | 59 t€ |
| Investments | 572 € | 572 € | 572 € | 572 € |
| Machinery and equipment | 42 t€ | 57 t€ | 35 t€ | 47 t€ |
| Other interest and financial income from non-group companies | 1 062 € | 2 987 € | 1 755 € | 27 € |
| Land and water areas, Owned | 22 t€ | 22 t€ | 22 t€ | 22 t€ |
| Liabilities | 478 t€ | 474 t€ | 497 t€ | 474 t€ |
| Interest expenses and other financial expenses for non-Group companies | 704 € | -72 € | -22 € | -93 € |
| Purchases during the financial year | 232 t€ | -257 t€ | -194 t€ | -224 t€ |
| Tangible assets | 140 t€ | 160 t€ | 143 t€ | 161 t€ |
| Short-term receivables | 177 t€ | 238 t€ | 195 t€ | 187 t€ |
| Wages and salaries | 357 t€ | -352 t€ | -303 t€ | -295 t€ |
| Profit (loss) for the period, equity | -5 674 € | 13 t€ | 59 t€ | 25 t€ |
| Depreciations according to plan | 20 t€ | -25 t€ | -18 t€ | -23 t€ |
| Services purchased | 5 858 € | 0 € | -6 415 € | -800 € |
| Other social security expenses | 18 t€ | -15 t€ | -8 153 € | -12 t€ |
| Short-term prepayments and accrued income | 30 t€ | 17 t€ | 14 t€ | 14 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, Etab Electric Oy is in the top quarter of the industry class electrical installation (1752 companies with taxable income; median 23 t€, 3,2 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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