Milargo Ltd Oy is a limited company based in Helsinki, registered in 1993. In the financial year ending 30.6.2025, revenue was 496 t€ and operating profit 39 t€; equity ratio 7.0 %.
Revenue 2025496 t€-79 % on the previous year
Operating profit39 t€7,9 % of revenue
Net profit-1,9 M€EBITDA 11 t€
Equity ratio7,0 %quick ratio 0,26
In business33 yrsregistered 19.5.1993
Helsinki: 329 new companies in 30 days
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Financials
RevenueOperating profitNet profit
| Key figures | 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 31.12.2020 |
|---|---|---|---|---|---|
| Revenue | 496 t€ | 2,4 M€ | 220 t€ | 4,9 M€ | 3,6 M€ |
| Revenue change | -79,4 % | 992,3 % | -95,5 % | 36,0 % | – |
| EBITDA | 11 t€ | 638 t€ | -2,4 M€ | 392 t€ | 203 t€ |
| EBITDA % | 2,1 % | 26,5 % | -1089,8 % | 8,0 % | 5,6 % |
| Operating profit | 39 t€ | 587 t€ | -2,5 M€ | 269 t€ | -246 t€ |
| Operating margin | 7,9 % | 24,4 % | -1148,6 % | 5,5 % | -6,8 % |
| Net profit | -1,9 M€ | -1,7 M€ | -2,9 M€ | -19 t€ | -391 t€ |
| Personnel costs | -125 t€ | 291 t€ | 354 t€ | 553 t€ | 898 t€ |
| Equity ratio | 7,0 % | 14,0 % | 17,1 % | 20,8 % | 8,6 % |
| Quick ratio | 0,26 | 0,18 | 0,13 | 0,63 | 0,69 |
| Current ratio | 0,26 | 0,18 | 0,13 | 0,63 | 0,69 |
| Debt to revenue | 2922,5 % | 488,0 % | 4949,8 % | 319,9 % | 124,6 % |
| Return on equity | -170,1 % | -88,1 % | -127,3 % | -0,5 % | -92,1 % |
| Balance sheet total | 15,6 M€ | 13,6 M€ | 13,1 M€ | 19,8 M€ | 8,2 M€ |
| Equity | 1,1 M€ | 1,9 M€ | 2,2 M€ | 4,1 M€ | 425 t€ |
| Cash and bank | 43 t€ | 59 t€ | 52 t€ | 2,0 M€ | 900 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 31.12.2020 | |
|---|---|---|---|---|---|
| Turnover | 496 t€ | 2,4 M€ | 220 t€ | 4,9 M€ | 3,6 M€ |
| Other operating income | 50 t€ | 30 t€ | 36 t€ | 1,6 M€ | 2,2 M€ |
| Raw materials and services | 0 € | -4 788 € | -8 105 € | -2,0 M€ | -3,4 M€ |
| Personnel expenses | 125 t€ | -291 t€ | -354 t€ | -553 t€ | -898 t€ |
| Depreciations and reductions in value | 28 t€ | -50 t€ | -129 t€ | -123 t€ | -449 t€ |
| Other operating expenses | 353 t€ | -1,5 M€ | -2,3 M€ | -3,5 M€ | -1,3 M€ |
| Operating profit (loss) | 39 t€ | 587 t€ | -2,5 M€ | 269 t€ | -246 t€ |
| Financial income and expenses + (-) | 1,9 M€ | -2,3 M€ | -331 t€ | -289 t€ | -145 t€ |
| Profit (loss) before appropriations and taxes | -1,8 M€ | -1,7 M€ | -2,9 M€ | -19 t€ | -391 t€ |
| Income taxes | 8 661 € | 0 € | – | – | – |
| Profit (loss) for the financial year | -1,9 M€ | -1,7 M€ | -2,9 M€ | -19 t€ | -391 t€ |
Balance sheet
| 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 31.12.2020 | |
|---|---|---|---|---|---|
| Non-current assets | 12,1 M€ | 11,6 M€ | 11,8 M€ | 11,2 M€ | 3,7 M€ |
| Receivables | 3,4 M€ | 2,0 M€ | 1,3 M€ | 6,6 M€ | 3,6 M€ |
| Cash in hand and at banks | 43 t€ | 59 t€ | 52 t€ | 2,0 M€ | 900 t€ |
| Current assets | 3,5 M€ | 2,1 M€ | 1,3 M€ | 8,5 M€ | 4,5 M€ |
| Assets | 15,6 M€ | 13,6 M€ | 13,1 M€ | 19,8 M€ | 8,2 M€ |
| Share capital or other similar capital | 34 t€ | 34 t€ | 34 t€ | 34 t€ | 34 t€ |
| Capital and reserves | 1,1 M€ | 1,9 M€ | 2,2 M€ | 4,1 M€ | 425 t€ |
| Long-term liabilities | 1,1 M€ | 347 t€ | 550 t€ | 2,0 M€ | 1,3 M€ |
| Short-term liabilities | 13,4 M€ | 11,4 M€ | 10,3 M€ | 13,6 M€ | 6,5 M€ |
| Liabilities | 14,5 M€ | 11,7 M€ | 10,9 M€ | 15,7 M€ | 7,8 M€ |
All financial statement items (58)
| 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 31.12.2020 | |
|---|---|---|---|---|---|
| Turnover | 496 t€ | 2,4 M€ | 220 t€ | 4,9 M€ | 3,6 M€ |
| Other operating income | 50 t€ | 30 t€ | 36 t€ | 1,6 M€ | 2,2 M€ |
| Raw materials and services | 0 € | -4 788 € | -8 105 € | -2,0 M€ | -3,4 M€ |
| Personnel expenses | 125 t€ | -291 t€ | -354 t€ | -553 t€ | -898 t€ |
| Depreciations and reductions in value | 28 t€ | -50 t€ | -129 t€ | -123 t€ | -449 t€ |
| Other operating expenses | 353 t€ | -1,5 M€ | -2,3 M€ | -3,5 M€ | -1,3 M€ |
| Operating profit (loss) | 39 t€ | 587 t€ | -2,5 M€ | 269 t€ | -246 t€ |
| Financial income and expenses + (-) | 1,9 M€ | -2,3 M€ | -331 t€ | -289 t€ | -145 t€ |
| Profit (loss) before appropriations and taxes | -1,8 M€ | -1,7 M€ | -2,9 M€ | -19 t€ | -391 t€ |
| Income taxes | 8 661 € | 0 € | – | – | – |
| Profit (loss) for the financial year | -1,9 M€ | -1,7 M€ | -2,9 M€ | -19 t€ | -391 t€ |
| Non-current assets | 12,1 M€ | 11,6 M€ | 11,8 M€ | 11,2 M€ | 3,7 M€ |
| Receivables | 3,4 M€ | 2,0 M€ | 1,3 M€ | 6,6 M€ | 3,6 M€ |
| Cash in hand and at banks | 43 t€ | 59 t€ | 52 t€ | 2,0 M€ | 900 t€ |
| Current assets | 3,5 M€ | 2,1 M€ | 1,3 M€ | 8,5 M€ | 4,5 M€ |
| Assets | 15,6 M€ | 13,6 M€ | 13,1 M€ | 19,8 M€ | 8,2 M€ |
| Share capital or other similar capital | 34 t€ | 34 t€ | 34 t€ | 34 t€ | 34 t€ |
| Capital and reserves | 1,1 M€ | 1,9 M€ | 2,2 M€ | 4,1 M€ | 425 t€ |
| Long-term liabilities | 1,1 M€ | 347 t€ | 550 t€ | 2,0 M€ | 1,3 M€ |
| Short-term liabilities | 13,4 M€ | 11,4 M€ | 10,3 M€ | 13,6 M€ | 6,5 M€ |
| Liabilities | 14,5 M€ | 11,7 M€ | 10,9 M€ | 15,7 M€ | 7,8 M€ |
| Services purchased | 0 € | -3 350 € | -8 105 € | -36 t€ | -142 t€ |
| Other tangible assets | 447 € | 447 € | 447 € | 447 € | 447 € |
| Impairment on investments for non-current assets | 1,4 M€ | -1,6 M€ | 0 € | – | – |
| Retained earnings | -3,5 M€ | -1,9 M€ | -358 t€ | -338 t€ | 53 t€ |
| Reserve for invested non-restricted equity | 6,4 M€ | 5,4 M€ | 5,4 M€ | 4,4 M€ | 729 t€ |
| Other current liabilities | 28 t€ | 110 t€ | 29 t€ | 316 t€ | 151 t€ |
| Profit (loss) for the period, equity | -1,9 M€ | -1,7 M€ | -2,9 M€ | -19 t€ | -391 t€ |
| Other short-term receivables | 81 t€ | 106 t€ | 165 t€ | 220 t€ | 43 t€ |
| Depreciations according to plan | 28 t€ | -50 t€ | -84 t€ | -123 t€ | -25 t€ |
| Short-term accounts payable | 15 t€ | 34 t€ | 138 t€ | 102 t€ | 66 t€ |
| Purchases during the financial year | 0 € | -1 438 € | 0 € | -2,0 M€ | -3,2 M€ |
| Impairment on non-current assets | – | 0 € | -45 t€ | 0 € | – |
| Interest expenses and other financial expenses for Group companies | 263 t€ | -433 t€ | -102 t€ | 0 € | – |
| Group contribution | 0 € | 28 t€ | 0 € | – | – |
| Wages and salaries | 106 t€ | -231 t€ | -299 t€ | -453 t€ | -760 t€ |
| Short-term sales receivables | – | 0 € | 223 t€ | 0 € | 165 t€ |
| Interest expenses and other financial expenses for non-Group companies | 226 t€ | -238 t€ | -230 t€ | -289 t€ | -145 t€ |
| Other interest and financial income from non-group companies | 941 € | 493 € | 447 € | 94 € | 115 € |
| Other social security expenses | 2 220 € | -9 810 € | -8 832 € | -18 t€ | -23 t€ |
| Intangible assets | 0 € | 18 t€ | 55 t€ | 167 t€ | 267 t€ |
| Tangible assets | 30 t€ | 40 t€ | 53 t€ | 71 t€ | 77 t€ |
| Short-term advances received | – | – | – | 0 € | 3,3 M€ |
| Short-term accrued expenses and deferred income | 41 t€ | 101 t€ | 100 t€ | 49 t€ | 98 t€ |
| Short-term receivables | 3,4 M€ | 2,0 M€ | 1,3 M€ | 6,6 M€ | 3,6 M€ |
| Pension expenses | 17 t€ | -49 t€ | -46 t€ | -82 t€ | -114 t€ |
| Short-term liabilities to Group companies | 12,5 M€ | 9,3 M€ | 7,8 M€ | 11,5 M€ | 834 t€ |
| Long-term liabilities to credit institutions | 1,1 M€ | 347 t€ | 550 t€ | 2,0 M€ | 1,3 M€ |
| Machinery and equipment | 30 t€ | 40 t€ | 53 t€ | 70 t€ | 76 t€ |
| Current receivables from Group companies | 3,3 M€ | 1,9 M€ | 901 t€ | 6,3 M€ | 1,4 M€ |
| Short-term loan receivables | 135 € | 0 € | – | – | – |
| Shares and similar rights of ownership in subsidiaries | 12,1 M€ | 11,5 M€ | 11,7 M€ | 11,0 M€ | 3,4 M€ |
| Other intangible assets | 0 € | 18 t€ | 55 t€ | 167 t€ | 267 t€ |
| Short-term liabilities to credit institutions | 903 t€ | 1,8 M€ | 2,2 M€ | 1,7 M€ | 2,1 M€ |
| Short-term prepayments and accrued income | 79 t€ | 49 t€ | 3 180 € | 35 t€ | 2,0 M€ |
| Investments | 12,1 M€ | 11,5 M€ | 11,7 M€ | 11,0 M€ | 3,4 M€ |
| Exceptional impairments of current assets | – | – | – | 0 € | -423 t€ |
| Liabilities | 15,6 M€ | 13,6 M€ | 13,1 M€ | 19,8 M€ | 8,2 M€ |
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).