Armantti Oy is a limited company based in Forssa, registered in 1993. In the financial year ending 31.3.2026, revenue was 1,9 M€ and operating profit 91 t€; equity ratio 52.9 %. Its taxable income in 2024 was 37 t€ and its income taxes 7 332 €. Public buyers bought 114 t€ from it in 2022–2024; the largest buyer is Sivistys- Ja Tulevaisuuspalvelut (Forssa).
Revenue 20261,9 M€+2 % on the previous year
Operating profit91 t€4,8 % of revenue
Net profit71 t€EBITDA 90 t€
Equity ratio52,9 %quick ratio 0,71
Taxable income 202437 t€
lower half of its industry
Income taxes 20247 332 €61 t€ in 2020–2024
In business33 yrsregistered 25.8.1993
Sales to public buyers114 t€2022–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 |
|---|---|---|---|---|---|
| Revenue | 1,9 M€ | 1,9 M€ | 1,7 M€ | 1,7 M€ | 1,9 M€ |
| Revenue change | 1,6 % | 11,7 % | -3,3 % | -8,8 % | – |
| EBITDA | 90 t€ | 112 t€ | 37 t€ | 36 t€ | 109 t€ |
| EBITDA % | 4,8 % | 6,0 % | 2,2 % | 2,1 % | 5,8 % |
| Operating profit | 91 t€ | 111 t€ | 36 t€ | 35 t€ | 108 t€ |
| Operating margin | 4,8 % | 6,0 % | 2,2 % | 2,0 % | 5,7 % |
| Net profit | 71 t€ | 88 t€ | 29 t€ | 27 t€ | 86 t€ |
| Personnel costs | -215 t€ | 214 t€ | 256 t€ | 256 t€ | 253 t€ |
| Equity ratio | 52,9 % | 53,2 % | 49,1 % | 49,5 % | 51,2 % |
| Quick ratio | 0,71 | 0,59 | 0,74 | 0,71 | 0,70 |
| Current ratio | 2,11 | 2,13 | 1,95 | 1,97 | 2,06 |
| Debt to revenue | 22,7 % | 21,1 % | 24,1 % | 23,1 % | 19,9 % |
| Return on equity | 14,8 % | 19,8 % | 7,4 % | 7,0 % | 21,8 % |
| Balance sheet total | 908 t€ | 837 t€ | 788 t€ | 786 t€ | 768 t€ |
| Equity | 480 t€ | 446 t€ | 387 t€ | 389 t€ | 394 t€ |
| Cash and bank | 114 t€ | 68 t€ | 163 t€ | 124 t€ | 107 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | |
|---|---|---|---|---|---|
| Turnover | 1,9 M€ | 1,9 M€ | 1,7 M€ | 1,7 M€ | 1,9 M€ |
| Other operating income | 46 t€ | 57 t€ | 49 t€ | 61 t€ | 39 t€ |
| Raw materials and services | 1,4 M€ | -1,4 M€ | -1,2 M€ | -1,3 M€ | -1,4 M€ |
| Personnel expenses | 215 t€ | -214 t€ | -256 t€ | -256 t€ | -253 t€ |
| Depreciations and reductions in value | 535 € | -713 € | -951 € | -1 268 € | -1 691 € |
| Other operating expenses | 190 t€ | -185 t€ | -187 t€ | -214 t€ | -160 t€ |
| Operating profit (loss) | 91 t€ | 111 t€ | 36 t€ | 35 t€ | 108 t€ |
| Financial income and expenses + (-) | 424 € | -561 € | -474 € | -670 € | -284 € |
| Profit (loss) before appropriations and taxes | 90 t€ | 110 t€ | 36 t€ | 34 t€ | 107 t€ |
| Income taxes | 19 t€ | -22 t€ | -7 108 € | -6 815 € | -22 t€ |
| Profit (loss) for the financial year | 71 t€ | 88 t€ | 29 t€ | 27 t€ | 86 t€ |
Balance sheet
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | |
|---|---|---|---|---|---|
| Non-current assets | 3 553 € | 4 088 € | 4 802 € | 5 753 € | 7 021 € |
| Stocks | 602 t€ | 600 t€ | 486 t€ | 499 t€ | 501 t€ |
| Receivables | 189 t€ | 165 t€ | 135 t€ | 157 t€ | 154 t€ |
| Cash in hand and at banks | 114 t€ | 68 t€ | 163 t€ | 124 t€ | 107 t€ |
| Current assets | 904 t€ | 833 t€ | 783 t€ | 780 t€ | 761 t€ |
| Assets | 908 t€ | 837 t€ | 788 t€ | 786 t€ | 768 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 480 t€ | 446 t€ | 387 t€ | 389 t€ | 394 t€ |
| Long-term liabilities | – | – | – | 0 € | 4 529 € |
| Short-term liabilities | 428 t€ | 392 t€ | 401 t€ | 397 t€ | 370 t€ |
| Liabilities | 428 t€ | 392 t€ | 401 t€ | 397 t€ | 375 t€ |
All financial statement items (49)
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | |
|---|---|---|---|---|---|
| Turnover | 1,9 M€ | 1,9 M€ | 1,7 M€ | 1,7 M€ | 1,9 M€ |
| Other operating income | 46 t€ | 57 t€ | 49 t€ | 61 t€ | 39 t€ |
| Raw materials and services | 1,4 M€ | -1,4 M€ | -1,2 M€ | -1,3 M€ | -1,4 M€ |
| Personnel expenses | 215 t€ | -214 t€ | -256 t€ | -256 t€ | -253 t€ |
| Depreciations and reductions in value | 535 € | -713 € | -951 € | -1 268 € | -1 691 € |
| Other operating expenses | 190 t€ | -185 t€ | -187 t€ | -214 t€ | -160 t€ |
| Operating profit (loss) | 91 t€ | 111 t€ | 36 t€ | 35 t€ | 108 t€ |
| Financial income and expenses + (-) | 424 € | -561 € | -474 € | -670 € | -284 € |
| Profit (loss) before appropriations and taxes | 90 t€ | 110 t€ | 36 t€ | 34 t€ | 107 t€ |
| Income taxes | 19 t€ | -22 t€ | -7 108 € | -6 815 € | -22 t€ |
| Profit (loss) for the financial year | 71 t€ | 88 t€ | 29 t€ | 27 t€ | 86 t€ |
| Non-current assets | 3 553 € | 4 088 € | 4 802 € | 5 753 € | 7 021 € |
| Stocks | 602 t€ | 600 t€ | 486 t€ | 499 t€ | 501 t€ |
| Receivables | 189 t€ | 165 t€ | 135 t€ | 157 t€ | 154 t€ |
| Cash in hand and at banks | 114 t€ | 68 t€ | 163 t€ | 124 t€ | 107 t€ |
| Current assets | 904 t€ | 833 t€ | 783 t€ | 780 t€ | 761 t€ |
| Assets | 908 t€ | 837 t€ | 788 t€ | 786 t€ | 768 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 480 t€ | 446 t€ | 387 t€ | 389 t€ | 394 t€ |
| Long-term liabilities | – | – | – | 0 € | 4 529 € |
| Short-term liabilities | 428 t€ | 392 t€ | 401 t€ | 397 t€ | 370 t€ |
| Liabilities | 428 t€ | 392 t€ | 401 t€ | 397 t€ | 375 t€ |
| Long-term liabilities to credit institutions | – | – | – | 0 € | 4 529 € |
| Other current liabilities | 229 t€ | 194 t€ | 176 t€ | 160 t€ | 138 t€ |
| Wages and salaries | 175 t€ | -175 t€ | -207 t€ | -213 t€ | -206 t€ |
| Income from other investments under non-current assets, from other companies | 228 € | 108 € | 248 € | 108 € | 468 € |
| Inventory increase (+) or decrease (-) | -1 301 € | 115 t€ | -14 t€ | -1 743 € | 67 t€ |
| Pension expenses | 33 t€ | -34 t€ | -39 t€ | -37 t€ | -37 t€ |
| Tangible assets | 1 605 € | 2 140 € | 2 854 € | 3 805 € | 5 073 € |
| Shares and similar rights of ownership in subsidiaries | 1 275 € | 1 275 € | 1 275 € | 1 275 € | 1 275 € |
| Depreciations according to plan | 535 € | -713 € | -951 € | -1 268 € | -1 691 € |
| Liabilities | 908 t€ | 837 t€ | 788 t€ | 786 t€ | 768 t€ |
| Current receivables from Group companies | 92 t€ | 66 t€ | 57 t€ | 41 t€ | 17 t€ |
| Investments | 1 948 € | 1 948 € | 1 948 € | 1 948 € | 1 948 € |
| Other social security expenses | 6 981 € | -5 679 € | -9 779 € | -6 261 € | -9 384 € |
| Profit (loss) for the period, equity | 71 t€ | 88 t€ | 29 t€ | 27 t€ | 86 t€ |
| Retained earnings | 406 t€ | 355 t€ | 356 t€ | 360 t€ | 305 t€ |
| Short-term liabilities to credit institutions | – | – | 0 € | 4 580 € | 11 t€ |
| Purchases during the financial year | 1,4 M€ | -1,5 M€ | -1,2 M€ | -1,3 M€ | -1,5 M€ |
| Finished products | 602 t€ | 600 t€ | 486 t€ | 499 t€ | 501 t€ |
| Short-term prepayments and accrued income | – | 0 € | 3 505 € | 12 t€ | 1 595 € |
| Other interest and financial income from non-group companies | 240 € | 270 € | 375 € | 542 € | 909 € |
| Other shares and similar rights of ownership | 673 € | 673 € | 673 € | 673 € | 673 € |
| Short-term accrued expenses and deferred income | 42 t€ | 44 t€ | 38 t€ | 46 t€ | 49 t€ |
| Short-term sales receivables | 96 t€ | 100 t€ | 75 t€ | 104 t€ | 135 t€ |
| Short-term receivables | 189 t€ | 165 t€ | 135 t€ | 157 t€ | 154 t€ |
| Interest expenses and other financial expenses for non-Group companies | 892 € | -939 € | -1 097 € | -1 320 € | -1 662 € |
| Machinery and equipment | 1 605 € | 2 140 € | 2 854 € | 3 805 € | 5 073 € |
| Short-term accounts payable | 156 t€ | 154 t€ | 187 t€ | 186 t€ | 172 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, Armantti Oy is in the lower half of the industry class wholesale of hardware (126 companies with taxable income; median 66 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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