Hyvinkään Puuseppien Oy is a limited company based in Hyvinkää, registered in 1993. In the financial year ending 31.12.2023, revenue was 5,9 M€ and operating profit 571 t€; equity ratio 61.3 %. Public buyers bought 4 530 € from it in 2024–2024; the largest buyer is Kaupunkiympäristön Toimiala, Helsinki (Helsinki).
Revenue 20235,9 M€+53 % on the previous year
Operating profit571 t€9,7 % of revenue
Net profit453 t€EBITDA 717 t€
Equity ratio61,3 %quick ratio 1,30
Taxable income 20240 €
-100 % on the previous year
Income taxes 20240 €312 t€ in 2020–2024
In business32 yrsregistered 17.11.1993
Sales to public buyers4 530 €2024–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2023 | 31.12.2022 | 28.2.2022 | 28.2.2021 | 29.2.2020 |
|---|---|---|---|---|---|
| Revenue | 5,9 M€ | 3,9 M€ | 3,9 M€ | 3,5 M€ | 2,5 M€ |
| Revenue change | 53,0 % | -0,3 % | 9,6 % | 39,6 % | – |
| EBITDA | 717 t€ | 638 t€ | 310 t€ | 208 t€ | 174 t€ |
| EBITDA % | 12,1 % | 16,5 % | 8,0 % | 5,9 % | 6,9 % |
| Operating profit | 571 t€ | 585 t€ | 245 t€ | 134 t€ | 93 t€ |
| Operating margin | 9,7 % | 15,1 % | 6,3 % | 3,8 % | 3,7 % |
| Net profit | 453 t€ | 451 t€ | 172 t€ | 80 t€ | 41 t€ |
| Personnel costs | 1,0 M€ | 787 t€ | 759 t€ | 795 t€ | 727 t€ |
| Equity ratio | 61,3 % | 59,9 % | 32,0 % | 22,6 % | 18,6 % |
| Quick ratio | 1,30 | 1,50 | 0,70 | 0,49 | 0,51 |
| Current ratio | 2,08 | 2,23 | 1,30 | 1,07 | 1,02 |
| Debt to revenue | 14,2 % | 15,3 % | 25,1 % | 29,4 % | 41,8 % |
| Return on equity | 33,9 % | 51,0 % | 37,6 % | 26,2 % | 17,1 % |
| Balance sheet total | 2,2 M€ | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Equity | 1,3 M€ | 884 t€ | 457 t€ | 305 t€ | 242 t€ |
| Cash and bank | 440 t€ | 211 t€ | 0 € | – | – |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2023 | 31.12.2022 | 28.2.2022 | 28.2.2021 | 29.2.2020 | |
|---|---|---|---|---|---|
| Turnover | 5,9 M€ | 3,9 M€ | 3,9 M€ | 3,5 M€ | 2,5 M€ |
| Other operating income | 0 € | 207 t€ | 0 € | 5 145 € | 500 € |
| Raw materials and services | -4,0 M€ | -2,4 M€ | -2,6 M€ | -2,3 M€ | -1,5 M€ |
| Personnel expenses | -1,0 M€ | -787 t€ | -759 t€ | -795 t€ | -727 t€ |
| Depreciations and reductions in value | -145 t€ | -53 t€ | -65 t€ | -74 t€ | -82 t€ |
| Other operating expenses | -400 t€ | -273 t€ | -210 t€ | -226 t€ | -180 t€ |
| Operating profit (loss) | 571 t€ | 585 t€ | 245 t€ | 134 t€ | 93 t€ |
| Financial income and expenses + (-) | -10 t€ | -11 t€ | -29 t€ | -34 t€ | -40 t€ |
| Profit (loss) before appropriations and taxes | 561 t€ | 574 t€ | 215 t€ | 100 t€ | 52 t€ |
| Income taxes | -108 t€ | -124 t€ | -43 t€ | -20 t€ | -11 t€ |
| Profit (loss) for the financial year | 453 t€ | 451 t€ | 172 t€ | 80 t€ | 41 t€ |
Balance sheet
| 31.12.2023 | 31.12.2022 | 28.2.2022 | 28.2.2021 | 29.2.2020 | |
|---|---|---|---|---|---|
| Non-current assets | 425 t€ | 156 t€ | 606 t€ | 651 t€ | 678 t€ |
| Stocks | 662 t€ | 432 t€ | 385 t€ | 376 t€ | 309 t€ |
| Receivables | 654 t€ | 675 t€ | 441 t€ | 318 t€ | 315 t€ |
| Cash in hand and at banks | 440 t€ | 211 t€ | 0 € | – | – |
| Current assets | 1,8 M€ | 1,3 M€ | 826 t€ | 694 t€ | 625 t€ |
| Assets | 2,2 M€ | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 1,3 M€ | 884 t€ | 457 t€ | 305 t€ | 242 t€ |
| Long-term liabilities | – | 0 € | 340 t€ | 390 t€ | 446 t€ |
| Short-term liabilities | 843 t€ | 590 t€ | 634 t€ | 651 t€ | 615 t€ |
| Liabilities | 843 t€ | 590 t€ | 974 t€ | 1,0 M€ | 1,1 M€ |
All financial statement items (56)
| 31.12.2023 | 31.12.2022 | 28.2.2022 | 28.2.2021 | 29.2.2020 | |
|---|---|---|---|---|---|
| Turnover | 5,9 M€ | 3,9 M€ | 3,9 M€ | 3,5 M€ | 2,5 M€ |
| Other operating income | 0 € | 207 t€ | 0 € | 5 145 € | 500 € |
| Raw materials and services | -4,0 M€ | -2,4 M€ | -2,6 M€ | -2,3 M€ | -1,5 M€ |
| Personnel expenses | -1,0 M€ | -787 t€ | -759 t€ | -795 t€ | -727 t€ |
| Depreciations and reductions in value | -145 t€ | -53 t€ | -65 t€ | -74 t€ | -82 t€ |
| Other operating expenses | -400 t€ | -273 t€ | -210 t€ | -226 t€ | -180 t€ |
| Operating profit (loss) | 571 t€ | 585 t€ | 245 t€ | 134 t€ | 93 t€ |
| Financial income and expenses + (-) | -10 t€ | -11 t€ | -29 t€ | -34 t€ | -40 t€ |
| Profit (loss) before appropriations and taxes | 561 t€ | 574 t€ | 215 t€ | 100 t€ | 52 t€ |
| Income taxes | -108 t€ | -124 t€ | -43 t€ | -20 t€ | -11 t€ |
| Profit (loss) for the financial year | 453 t€ | 451 t€ | 172 t€ | 80 t€ | 41 t€ |
| Non-current assets | 425 t€ | 156 t€ | 606 t€ | 651 t€ | 678 t€ |
| Stocks | 662 t€ | 432 t€ | 385 t€ | 376 t€ | 309 t€ |
| Receivables | 654 t€ | 675 t€ | 441 t€ | 318 t€ | 315 t€ |
| Cash in hand and at banks | 440 t€ | 211 t€ | 0 € | – | – |
| Current assets | 1,8 M€ | 1,3 M€ | 826 t€ | 694 t€ | 625 t€ |
| Assets | 2,2 M€ | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 1,3 M€ | 884 t€ | 457 t€ | 305 t€ | 242 t€ |
| Long-term liabilities | – | 0 € | 340 t€ | 390 t€ | 446 t€ |
| Short-term liabilities | 843 t€ | 590 t€ | 634 t€ | 651 t€ | 615 t€ |
| Liabilities | 843 t€ | 590 t€ | 974 t€ | 1,0 M€ | 1,1 M€ |
| Other tangible assets | 7 144 € | 14 t€ | 21 t€ | 29 t€ | 0 € |
| Long-term liabilities to credit institutions | – | 0 € | 340 t€ | 390 t€ | 446 t€ |
| Depreciations according to plan | -145 t€ | -53 t€ | -65 t€ | -74 t€ | -82 t€ |
| Short-term sales receivables | 635 t€ | 507 t€ | 432 t€ | 306 t€ | 282 t€ |
| Pension expenses | -157 t€ | -118 t€ | -114 t€ | -111 t€ | -113 t€ |
| Profit (loss) for the period, equity | 453 t€ | 451 t€ | 172 t€ | 80 t€ | 41 t€ |
| Interest expenses and other financial expenses for non-Group companies | -5 190 € | -11 t€ | -29 t€ | -34 t€ | -41 t€ |
| Long-term receivables | – | – | 0 € | 6 944 € | 6 944 € |
| Short-term liabilities to credit institutions | – | 0 € | 62 t€ | 78 t€ | 75 t€ |
| Short-term receivables | 654 t€ | 675 t€ | 441 t€ | 311 t€ | 309 t€ |
| Liabilities | 2,2 M€ | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| Inventory increase (+) or decrease (-) | -10 t€ | -21 t€ | 34 t€ | 47 t€ | -9 475 € |
| Wages and salaries | -866 t€ | -638 t€ | -620 t€ | -654 t€ | -597 t€ |
| Services purchased | -1,7 M€ | -1,0 M€ | -1,1 M€ | -1,4 M€ | -671 t€ |
| Other long-term receivables | – | – | 0 € | 6 944 € | 6 944 € |
| Other social security expenses | -24 t€ | -30 t€ | -24 t€ | -30 t€ | -17 t€ |
| Tangible assets | 425 t€ | 156 t€ | 606 t€ | 651 t€ | 678 t€ |
| Short-term accounts payable | 265 t€ | 149 t€ | 316 t€ | 367 t€ | 348 t€ |
| Short-term accrued expenses and deferred income | 296 t€ | 359 t€ | 182 t€ | 165 t€ | 99 t€ |
| Other short-term receivables | 950 € | 0 € | – | 0 € | 16 t€ |
| Other interest and financial income from non-group companies | 15 € | 0 € | – | 0 € | 277 € |
| Other current liabilities | 57 t€ | 77 t€ | 73 t€ | 41 t€ | 93 t€ |
| Materials and supplies | 141 t€ | 152 t€ | 173 t€ | 139 t€ | 92 t€ |
| Purchases during the financial year | -2,3 M€ | -1,4 M€ | -1,5 M€ | -954 t€ | -800 t€ |
| Work in progress | 520 t€ | 280 t€ | 212 t€ | 237 t€ | 217 t€ |
| Short-term prepayments and accrued income | 12 t€ | 124 t€ | 9 202 € | 4 696 € | 9 977 € |
| Machinery and equipment | 391 t€ | 107 t€ | 113 t€ | 143 t€ | 179 t€ |
| Buildings and structures, Owned | 26 t€ | 34 t€ | 336 t€ | 345 t€ | 364 t€ |
| Interest expenses and other financial expenses for Group companies | -4 860 € | 0 € | – | – | – |
| Retained earnings | 881 t€ | 431 t€ | 283 t€ | 222 t€ | 198 t€ |
| Change in stocks of products + (-) | 240 t€ | 68 t€ | -25 t€ | 20 t€ | 24 t€ |
| Land and water areas, Owned | – | 0 € | 135 t€ | 135 t€ | 135 t€ |
| Current receivables from Group companies | 6 228 € | 44 t€ | 0 € | – | – |
| Short-term liabilities to Group companies | 224 t€ | 5 337 € | 0 € | – | – |
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.
Sales to public buyers
Largest buyers
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