Veijon Verstas Oy is a limited company based in Mikkeli, registered in 1993. In the financial year ending 31.12.2025, revenue was 156 t€ and operating profit 16 t€; equity ratio -40.2 %. Latest Trade Register entry: line of business changed, 6.12.2025.
Revenue 2025156 t€-4 % on the previous year
Operating profit16 t€10,5 % of revenue
Net profit13 t€EBITDA 11 t€
Equity ratio-40,2 %quick ratio 0,43
Taxable income 20240 €
profit as taxed
Income taxes 20240 €634 € in 2020–2024
In business33 yrsregistered 20.1.1993
Trade Register1entries, latest: line of business changed
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 156 t€ | 163 t€ | 113 t€ | 183 t€ | 119 t€ |
| Revenue change | -4,0 % | 44,6 % | -38,5 % | 54,3 % | – |
| EBITDA | 11 t€ | 11 t€ | -35 t€ | 7 218 € | -5 443 € |
| EBITDA % | 7,1 % | 6,9 % | -31,2 % | 3,9 % | -4,6 % |
| Operating profit | 16 t€ | 8 857 € | -37 t€ | 3 935 € | -8 788 € |
| Operating margin | 10,5 % | 5,4 % | -33,0 % | 2,1 % | -7,4 % |
| Net profit | 13 t€ | 5 265 € | -40 t€ | 2 604 € | -11 t€ |
| Personnel costs | -44 t€ | 38 t€ | 30 t€ | 35 t€ | 22 t€ |
| Equity ratio | -40,2 % | -59,3 % | -64,5 % | 5,5 % | 1,4 % |
| Quick ratio | 0,43 | 0,29 | 0,23 | 0,55 | 0,83 |
| Current ratio | 0,45 | 0,38 | 0,38 | 0,87 | 1,00 |
| Debt to revenue | 40,2 % | 51,5 % | 82,6 % | 32,6 % | 55,4 % |
| Return on equity | – | – | – | 74,3 % | -1223,5 % |
| Balance sheet total | 45 t€ | 53 t€ | 57 t€ | 63 t€ | 67 t€ |
| Equity | -18 t€ | -31 t€ | -36 t€ | 3 505 € | 901 € |
| Cash and bank | – | – | 0 € | 1 419 € | 0 € |
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 | 156 t€ | 163 t€ | 113 t€ | 183 t€ | 119 t€ |
| Other operating income | 121 € | 0 € | – | 0 € | 4 287 € |
| Raw materials and services | 64 t€ | -88 t€ | -90 t€ | -109 t€ | -78 t€ |
| Personnel expenses | 44 t€ | -38 t€ | -30 t€ | -35 t€ | -22 t€ |
| Depreciations and reductions in value | 5 325 € | -2 367 € | -2 020 € | -3 283 € | -3 345 € |
| Other operating expenses | 27 t€ | -26 t€ | -28 t€ | -31 t€ | -28 t€ |
| Operating profit (loss) | 16 t€ | 8 857 € | -37 t€ | 3 935 € | -8 788 € |
| Financial income and expenses + (-) | 3 284 € | -3 593 € | -2 812 € | -1 560 € | -2 150 € |
| Profit (loss) before appropriations and taxes | 13 t€ | 5 265 € | -40 t€ | 2 375 € | -11 t€ |
| Income taxes | – | – | 0 € | 229 € | -88 € |
| Profit (loss) for the financial year | 13 t€ | 5 265 € | -40 t€ | 2 604 € | -11 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 18 t€ | 24 t€ | 26 t€ | 26 t€ | 27 t€ |
| Stocks | 1 130 € | 7 036 € | 12 t€ | 14 t€ | 6 900 € |
| Receivables | 25 t€ | 22 t€ | 19 t€ | 22 t€ | 33 t€ |
| Cash in hand and at banks | – | – | 0 € | 1 419 € | 0 € |
| Current assets | 26 t€ | 29 t€ | 30 t€ | 37 t€ | 40 t€ |
| Assets | 45 t€ | 53 t€ | 57 t€ | 63 t€ | 67 t€ |
| Share capital or other similar capital | 3 784 € | 3 784 € | 3 784 € | 3 784 € | 3 784 € |
| Capital and reserves | -18 t€ | -31 t€ | -36 t€ | 3 505 € | 901 € |
| Long-term liabilities | 4 212 € | 8 607 € | 13 t€ | 17 t€ | 26 t€ |
| Short-term liabilities | 59 t€ | 75 t€ | 80 t€ | 43 t€ | 40 t€ |
| Liabilities | 63 t€ | 84 t€ | 93 t€ | 60 t€ | 66 t€ |
All financial statement items (48)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 156 t€ | 163 t€ | 113 t€ | 183 t€ | 119 t€ |
| Other operating income | 121 € | 0 € | – | 0 € | 4 287 € |
| Raw materials and services | 64 t€ | -88 t€ | -90 t€ | -109 t€ | -78 t€ |
| Personnel expenses | 44 t€ | -38 t€ | -30 t€ | -35 t€ | -22 t€ |
| Depreciations and reductions in value | 5 325 € | -2 367 € | -2 020 € | -3 283 € | -3 345 € |
| Other operating expenses | 27 t€ | -26 t€ | -28 t€ | -31 t€ | -28 t€ |
| Operating profit (loss) | 16 t€ | 8 857 € | -37 t€ | 3 935 € | -8 788 € |
| Financial income and expenses + (-) | 3 284 € | -3 593 € | -2 812 € | -1 560 € | -2 150 € |
| Profit (loss) before appropriations and taxes | 13 t€ | 5 265 € | -40 t€ | 2 375 € | -11 t€ |
| Income taxes | – | – | 0 € | 229 € | -88 € |
| Profit (loss) for the financial year | 13 t€ | 5 265 € | -40 t€ | 2 604 € | -11 t€ |
| Non-current assets | 18 t€ | 24 t€ | 26 t€ | 26 t€ | 27 t€ |
| Stocks | 1 130 € | 7 036 € | 12 t€ | 14 t€ | 6 900 € |
| Receivables | 25 t€ | 22 t€ | 19 t€ | 22 t€ | 33 t€ |
| Cash in hand and at banks | – | – | 0 € | 1 419 € | 0 € |
| Current assets | 26 t€ | 29 t€ | 30 t€ | 37 t€ | 40 t€ |
| Assets | 45 t€ | 53 t€ | 57 t€ | 63 t€ | 67 t€ |
| Share capital or other similar capital | 3 784 € | 3 784 € | 3 784 € | 3 784 € | 3 784 € |
| Capital and reserves | -18 t€ | -31 t€ | -36 t€ | 3 505 € | 901 € |
| Long-term liabilities | 4 212 € | 8 607 € | 13 t€ | 17 t€ | 26 t€ |
| Short-term liabilities | 59 t€ | 75 t€ | 80 t€ | 43 t€ | 40 t€ |
| Liabilities | 63 t€ | 84 t€ | 93 t€ | 60 t€ | 66 t€ |
| Wages and salaries | 36 t€ | -30 t€ | -23 t€ | -29 t€ | -19 t€ |
| Short-term sales receivables | 7 306 € | 4 247 € | 0 € | 5 351 € | 14 t€ |
| Short-term receivables | 25 t€ | 22 t€ | 19 t€ | 22 t€ | 33 t€ |
| Pension expenses | 6 359 € | -6 910 € | -7 559 € | -4 586 € | -2 486 € |
| Liabilities | 45 t€ | 53 t€ | 57 t€ | 63 t€ | 67 t€ |
| Machinery and equipment | 16 t€ | 21 t€ | 24 t€ | 24 t€ | 24 t€ |
| Inventory increase (+) or decrease (-) | 5 906 € | -4 615 € | -2 071 € | 6 822 € | 6 350 € |
| Short-term liabilities to credit institutions | 18 t€ | 18 t€ | 16 t€ | 4 683 € | 5 857 € |
| Purchases during the financial year | 58 t€ | -84 t€ | -83 t€ | -110 t€ | -69 t€ |
| Short-term accounts payable | 8 937 € | 24 t€ | 36 t€ | 17 t€ | 14 t€ |
| Tangible assets | 16 t€ | 21 t€ | 24 t€ | 24 t€ | 24 t€ |
| Intangible assets | 2 440 € | 2 440 € | 2 440 € | 1 830 € | 2 440 € |
| Short-term accrued expenses and deferred income | 4 560 € | 5 458 € | 1 748 € | 2 112 € | 295 € |
| Other social security expenses | 1 380 € | -864 € | -311 € | -1 104 € | -800 € |
| Long-term liabilities to credit institutions | 4 212 € | 8 607 € | 13 t€ | 17 t€ | 26 t€ |
| Profit (loss) for the period, equity | 13 t€ | 5 265 € | -40 t€ | 2 604 € | -11 t€ |
| Services purchased | – | 0 € | -4 421 € | -5 850 € | -15 t€ |
| Other short-term receivables | 1 000 € | 0 € | 3 107 € | 1 825 € | 1 888 € |
| Depreciations according to plan | 5 325 € | -2 367 € | -2 020 € | -3 283 € | -3 345 € |
| Short-term loan receivables | 17 t€ | 16 t€ | 16 t€ | 15 t€ | 15 t€ |
| Interest expenses and other financial expenses for non-Group companies | 3 284 € | -3 593 € | -2 812 € | -1 560 € | -2 150 € |
| Other intangible assets | 2 440 € | 2 440 € | 2 440 € | 1 830 € | 2 440 € |
| Other current liabilities | 27 t€ | 28 t€ | 27 t€ | 19 t€ | 20 t€ |
| Materials and supplies | 1 130 € | 7 036 € | 12 t€ | 14 t€ | 6 900 € |
| Retained earnings | -35 t€ | -40 t€ | -279 € | -2 883 € | 8 144 € |
| Short-term prepayments and accrued income | 221 € | 1 315 € | 0 € | 1 € | 1 987 € |
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.
Trade Register events
- Line of business changed
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