Lapin Sähkö ja Turva Oy is a limited company based in Sodankylä, registered in 1993. In the financial year ending 31.12.2025, revenue was 75 t€ and operating profit 17 t€; equity ratio 58.5 %. Its taxable income in 2024 was 10 t€ and its income taxes 2 088 €. Public buyers bought 264 € from it in 2022–2022; the largest buyer is Ilmatieteen laitos (Liikenne- ja viestintäministeriön hallinnonala).
Revenue 202575 t€-25 % on the previous year
Operating profit17 t€22,2 % of revenue
Net profit13 t€EBITDA 17 t€
Equity ratio58,5 %quick ratio 1,52
Taxable income 202410 t€
lower half of its industry
Income taxes 20242 088 €4 476 € in 2020–2024
In business33 yrsregistered 1.9.1993
Sales to public buyers264 €2022–2022
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 75 t€ | 100 t€ | 65 t€ | 73 t€ | 70 t€ | 70 t€ |
| Revenue change | -24,9 % | 53,8 % | -10,6 % | 4,3 % | -0,8 % | – |
| EBITDA | 17 t€ | 10 t€ | 6 680 € | 3 982 € | 5 232 € | -2 140 € |
| EBITDA % | 22,2 % | 10,5 % | 10,3 % | 5,5 % | 7,5 % | -3,1 % |
| Operating profit | 17 t€ | 10 t€ | 6 680 € | 3 982 € | 5 203 € | -2 150 € |
| Operating margin | 22,2 % | 10,5 % | 10,3 % | 5,5 % | 7,5 % | -3,1 % |
| Net profit | 13 t€ | 8 354 € | 5 344 € | 3 131 € | 4 925 € | -2 743 € |
| Personnel costs | -14 t€ | 14 t€ | 13 t€ | 13 t€ | 23 t€ | 13 t€ |
| Equity ratio | 58,5 % | 61,4 % | 60,4 % | 59,2 % | 66,6 % | 72,2 % |
| Quick ratio | 1,52 | 1,31 | 1,11 | 0,95 | 0,47 | 0,15 |
| Current ratio | 2,41 | 2,59 | 2,52 | 2,45 | 3,00 | 3,60 |
| Debt to revenue | 45,1 % | 23,5 % | 31,9 % | 27,0 % | 19,8 % | 13,5 % |
| Return on equity | 27,9 % | 22,4 % | 17,0 % | 11,0 % | 17,9 % | -11,2 % |
| Balance sheet total | 81 t€ | 61 t€ | 52 t€ | 48 t€ | 41 t€ | 34 t€ |
| Equity | 48 t€ | 37 t€ | 32 t€ | 28 t€ | 28 t€ | 25 t€ |
| Cash and bank | 223 € | 2 372 € | 930 € | 905 € | 410 € | 294 € |
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 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 75 t€ | 100 t€ | 65 t€ | 73 t€ | 70 t€ | 70 t€ |
| Raw materials and services | 19 t€ | -25 t€ | -28 t€ | -36 t€ | -22 t€ | -41 t€ |
| Personnel expenses | 14 t€ | -14 t€ | -13 t€ | -13 t€ | -23 t€ | -13 t€ |
| Depreciations and reductions in value | – | – | – | 0 € | -29 € | -10 € |
| Other operating expenses | 26 t€ | -51 t€ | -17 t€ | -19 t€ | -19 t€ | -19 t€ |
| Operating profit (loss) | 17 t€ | 10 t€ | 6 680 € | 3 982 € | 5 203 € | -2 150 € |
| Financial income and expenses + (-) | -6 € | -4 € | -1 € | -68 € | -9 € | -593 € |
| Profit (loss) before appropriations and taxes | 17 t€ | 10 t€ | 6 679 € | 3 914 € | 5 195 € | -2 743 € |
| Income taxes | 3 335 € | -2 088 € | -1 336 € | -783 € | -269 € | 0 € |
| Profit (loss) for the financial year | 13 t€ | 8 354 € | 5 344 € | 3 131 € | 4 925 € | -2 743 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 34 € | 34 € | 34 € | 34 € | 34 € | 63 € |
| Stocks | 30 t€ | 30 t€ | 29 t€ | 29 t€ | 35 t€ | 33 t€ |
| Receivables | 51 t€ | 28 t€ | 22 t€ | 18 t€ | 6 014 € | 1 076 € |
| Cash in hand and at banks | 223 € | 2 372 € | 930 € | 905 € | 410 € | 294 € |
| Current assets | 81 t€ | 61 t€ | 52 t€ | 48 t€ | 41 t€ | 34 t€ |
| Assets | 81 t€ | 61 t€ | 52 t€ | 48 t€ | 41 t€ | 34 t€ |
| Share capital or other similar capital | 8 410 € | 8 410 € | 8 410 € | 8 410 € | 8 410 € | 8 410 € |
| Capital and reserves | 48 t€ | 37 t€ | 32 t€ | 28 t€ | 28 t€ | 25 t€ |
| Short-term liabilities | 34 t€ | 23 t€ | 21 t€ | 20 t€ | 14 t€ | 9 433 € |
| Liabilities | 34 t€ | 23 t€ | 21 t€ | 20 t€ | 14 t€ | 9 433 € |
All financial statement items (45)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 75 t€ | 100 t€ | 65 t€ | 73 t€ | 70 t€ | 70 t€ |
| Raw materials and services | 19 t€ | -25 t€ | -28 t€ | -36 t€ | -22 t€ | -41 t€ |
| Personnel expenses | 14 t€ | -14 t€ | -13 t€ | -13 t€ | -23 t€ | -13 t€ |
| Depreciations and reductions in value | – | – | – | 0 € | -29 € | -10 € |
| Other operating expenses | 26 t€ | -51 t€ | -17 t€ | -19 t€ | -19 t€ | -19 t€ |
| Operating profit (loss) | 17 t€ | 10 t€ | 6 680 € | 3 982 € | 5 203 € | -2 150 € |
| Financial income and expenses + (-) | -6 € | -4 € | -1 € | -68 € | -9 € | -593 € |
| Profit (loss) before appropriations and taxes | 17 t€ | 10 t€ | 6 679 € | 3 914 € | 5 195 € | -2 743 € |
| Income taxes | 3 335 € | -2 088 € | -1 336 € | -783 € | -269 € | 0 € |
| Profit (loss) for the financial year | 13 t€ | 8 354 € | 5 344 € | 3 131 € | 4 925 € | -2 743 € |
| Non-current assets | 34 € | 34 € | 34 € | 34 € | 34 € | 63 € |
| Stocks | 30 t€ | 30 t€ | 29 t€ | 29 t€ | 35 t€ | 33 t€ |
| Receivables | 51 t€ | 28 t€ | 22 t€ | 18 t€ | 6 014 € | 1 076 € |
| Cash in hand and at banks | 223 € | 2 372 € | 930 € | 905 € | 410 € | 294 € |
| Current assets | 81 t€ | 61 t€ | 52 t€ | 48 t€ | 41 t€ | 34 t€ |
| Assets | 81 t€ | 61 t€ | 52 t€ | 48 t€ | 41 t€ | 34 t€ |
| Share capital or other similar capital | 8 410 € | 8 410 € | 8 410 € | 8 410 € | 8 410 € | 8 410 € |
| Capital and reserves | 48 t€ | 37 t€ | 32 t€ | 28 t€ | 28 t€ | 25 t€ |
| Short-term liabilities | 34 t€ | 23 t€ | 21 t€ | 20 t€ | 14 t€ | 9 433 € |
| Liabilities | 34 t€ | 23 t€ | 21 t€ | 20 t€ | 14 t€ | 9 433 € |
| Other current liabilities | 30 t€ | 21 t€ | 20 t€ | 17 t€ | 13 t€ | 7 804 € |
| Impairment on investments for non-current assets | – | – | – | – | 0 € | -589 € |
| Liabilities | 81 t€ | 61 t€ | 52 t€ | 48 t€ | 41 t€ | 34 t€ |
| Short-term receivables | 51 t€ | 28 t€ | 22 t€ | 18 t€ | 6 014 € | 1 076 € |
| Other short-term receivables | 18 € | 12 € | 11 € | 11 € | 11 € | 391 € |
| Other interest and financial income from non-group companies | 6 € | 2 € | 0 € | 0 € | 1 € | 0 € |
| Machinery and equipment | – | – | – | – | 0 € | 29 € |
| Retained earnings | 26 t€ | 21 t€ | 18 t€ | 17 t€ | 14 t€ | 19 t€ |
| Short-term accounts payable | 1 886 € | 693 € | 437 € | 2 018 € | 646 € | 1 629 € |
| Wages and salaries | – | – | – | 0 € | -10 t€ | 0 € |
| Other shares and similar rights of ownership | 34 € | 34 € | 34 € | 34 € | 34 € | 34 € |
| Short-term sales receivables | 2 142 € | 1 965 € | 6 491 € | 1 265 € | 609 € | 575 € |
| Profit (loss) for the period, equity | 13 t€ | 8 354 € | 5 344 € | 3 131 € | 4 925 € | -2 743 € |
| Interest expenses and other financial expenses for non-Group companies | 1 € | -7 € | -1 € | -68 € | -10 € | -5 € |
| Pension expenses | 12 t€ | -12 t€ | -12 t€ | -11 t€ | -11 t€ | -11 t€ |
| Short-term prepayments and accrued income | – | 0 € | 110 € | 1 774 € | 0 € | 110 € |
| Other social security expenses | 1 848 € | -1 793 € | -1 774 € | -1 841 € | -2 150 € | -2 050 € |
| Tangible assets | – | – | – | – | 0 € | 29 € |
| Purchases during the financial year | 19 t€ | -26 t€ | -28 t€ | -31 t€ | -24 t€ | -28 t€ |
| Materials and supplies | 30 t€ | 30 t€ | 29 t€ | 29 t€ | 35 t€ | 33 t€ |
| Short-term loan receivables | 49 t€ | 26 t€ | 16 t€ | 15 t€ | 5 394 € | 0 € |
| Short-term accrued expenses and deferred income | 1 999 € | 1 305 € | 297 € | 783 € | 269 € | 0 € |
| Depreciations according to plan | – | – | – | 0 € | -29 € | -10 € |
| Investments | 34 € | 34 € | 34 € | 34 € | 34 € | 34 € |
| Inventory increase (+) or decrease (-) | -6 € | 994 € | -293 € | -5 420 € | 2 272 € | -13 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, Lapin Sähkö ja Turva Oy is in the lower half of the industry class electrical installation (1751 companies with taxable income; median 23 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
Largest buyers
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