Turku Steel Oy is a limited company based in Turku, registered in 1993. In the financial year ending 31.5.2025, revenue was 736 t€ and operating profit -20 t€; equity ratio 45.0 %. Its taxable income in 2024 was 12 t€ and its income taxes 2 407 €.
Revenue 2025736 t€-7 % on the previous year
Operating profit-20 t€-2,7 % of revenue
Net profit-20 t€EBITDA -7 751 €
Equity ratio45,0 %quick ratio 0,80
Taxable income 202412 t€
lower half of its industry
Income taxes 20242 407 €26 t€ in 2020–2024
In business33 yrsregistered 22.9.1993
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Financials
RevenueOperating profitNet profit
| Key figures | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 |
|---|---|---|---|---|---|
| Revenue | 736 t€ | 793 t€ | 1,0 M€ | 797 t€ | 723 t€ |
| Revenue change | -7,2 % | -21,7 % | 27,0 % | 10,3 % | – |
| EBITDA | -7 751 € | 28 t€ | 103 t€ | -37 t€ | 20 t€ |
| EBITDA % | -1,1 % | 3,5 % | 10,2 % | -4,7 % | 2,8 % |
| Operating profit | -20 t€ | 13 t€ | 84 t€ | -49 t€ | 4 480 € |
| Operating margin | -2,7 % | 1,6 % | 8,3 % | -6,2 % | 0,6 % |
| Net profit | -20 t€ | 8 723 € | 76 t€ | -51 t€ | 3 550 € |
| Personnel costs | 377 t€ | 367 t€ | 367 t€ | 394 t€ | 347 t€ |
| Equity ratio | 45,0 % | 50,9 % | 62,5 % | 35,6 % | 57,8 % |
| Quick ratio | 0,80 | 1,15 | 1,62 | 0,59 | 1,18 |
| Current ratio | 1,14 | 1,45 | 1,85 | 1,10 | 1,67 |
| Debt to revenue | 14,3 % | 15,4 % | 8,2 % | 15,3 % | 14,0 % |
| Return on equity | -23,3 % | 6,9 % | 55,1 % | -74,8 % | 2,6 % |
| Balance sheet total | 426 t€ | 302 t€ | 233 t€ | 391 t€ | 273 t€ |
| Equity | 86 t€ | 126 t€ | 138 t€ | 68 t€ | 138 t€ |
| Cash and bank | 163 t€ | 70 t€ | 48 t€ | 46 t€ | 60 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|
| Turnover | 736 t€ | 793 t€ | 1,0 M€ | 797 t€ | 723 t€ |
| Raw materials and services | -308 t€ | -294 t€ | -269 t€ | -400 t€ | -272 t€ |
| Personnel expenses | -377 t€ | -367 t€ | -367 t€ | -394 t€ | -347 t€ |
| Depreciations and reductions in value | -12 t€ | -15 t€ | -19 t€ | -12 t€ | -16 t€ |
| Other operating expenses | -122 t€ | -133 t€ | -132 t€ | -137 t€ | -112 t€ |
| Operating profit (loss) | -20 t€ | 13 t€ | 84 t€ | -49 t€ | 4 480 € |
| Financial income and expenses + (-) | 56 € | -1 485 € | -1 020 € | -1 278 € | 30 € |
| Profit (loss) before appropriations and taxes | -20 t€ | 11 t€ | 83 t€ | -51 t€ | 4 510 € |
| Income taxes | 0 € | -2 408 € | -6 644 € | 0 € | -960 € |
| Profit (loss) for the financial year | -20 t€ | 8 723 € | 76 t€ | -51 t€ | 3 550 € |
Balance sheet
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 37 t€ | 46 t€ | 57 t€ | 36 t€ | 47 t€ |
| Stocks | 116 t€ | 53 t€ | 22 t€ | 163 t€ | 67 t€ |
| Receivables | 110 t€ | 133 t€ | 106 t€ | 145 t€ | 99 t€ |
| Cash in hand and at banks | 163 t€ | 70 t€ | 48 t€ | 46 t€ | 60 t€ |
| Current assets | 389 t€ | 256 t€ | 176 t€ | 355 t€ | 226 t€ |
| Assets | 426 t€ | 302 t€ | 233 t€ | 391 t€ | 273 t€ |
| Share capital or other similar capital | 2 775 € | 2 775 € | 2 775 € | 2 775 € | 2 775 € |
| Capital and reserves | 86 t€ | 126 t€ | 138 t€ | 68 t€ | 138 t€ |
| Short-term liabilities | 340 t€ | 176 t€ | 95 t€ | 323 t€ | 135 t€ |
| Liabilities | 340 t€ | 176 t€ | 95 t€ | 323 t€ | 135 t€ |
All financial statement items (43)
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|
| Turnover | 736 t€ | 793 t€ | 1,0 M€ | 797 t€ | 723 t€ |
| Raw materials and services | -308 t€ | -294 t€ | -269 t€ | -400 t€ | -272 t€ |
| Personnel expenses | -377 t€ | -367 t€ | -367 t€ | -394 t€ | -347 t€ |
| Depreciations and reductions in value | -12 t€ | -15 t€ | -19 t€ | -12 t€ | -16 t€ |
| Other operating expenses | -122 t€ | -133 t€ | -132 t€ | -137 t€ | -112 t€ |
| Operating profit (loss) | -20 t€ | 13 t€ | 84 t€ | -49 t€ | 4 480 € |
| Financial income and expenses + (-) | 56 € | -1 485 € | -1 020 € | -1 278 € | 30 € |
| Profit (loss) before appropriations and taxes | -20 t€ | 11 t€ | 83 t€ | -51 t€ | 4 510 € |
| Income taxes | 0 € | -2 408 € | -6 644 € | 0 € | -960 € |
| Profit (loss) for the financial year | -20 t€ | 8 723 € | 76 t€ | -51 t€ | 3 550 € |
| Non-current assets | 37 t€ | 46 t€ | 57 t€ | 36 t€ | 47 t€ |
| Stocks | 116 t€ | 53 t€ | 22 t€ | 163 t€ | 67 t€ |
| Receivables | 110 t€ | 133 t€ | 106 t€ | 145 t€ | 99 t€ |
| Cash in hand and at banks | 163 t€ | 70 t€ | 48 t€ | 46 t€ | 60 t€ |
| Current assets | 389 t€ | 256 t€ | 176 t€ | 355 t€ | 226 t€ |
| Assets | 426 t€ | 302 t€ | 233 t€ | 391 t€ | 273 t€ |
| Share capital or other similar capital | 2 775 € | 2 775 € | 2 775 € | 2 775 € | 2 775 € |
| Capital and reserves | 86 t€ | 126 t€ | 138 t€ | 68 t€ | 138 t€ |
| Short-term liabilities | 340 t€ | 176 t€ | 95 t€ | 323 t€ | 135 t€ |
| Liabilities | 340 t€ | 176 t€ | 95 t€ | 323 t€ | 135 t€ |
| Other short-term receivables | 14 t€ | 23 t€ | 18 t€ | 29 t€ | 18 t€ |
| Other current liabilities | 17 t€ | 8 845 € | 15 t€ | 26 t€ | 7 851 € |
| Change in stocks of products + (-) | 63 t€ | 30 t€ | -141 t€ | 96 t€ | 28 t€ |
| Retained earnings | 103 t€ | 115 t€ | 59 t€ | 115 t€ | 132 t€ |
| Short-term prepayments and accrued income | 24 t€ | 4 696 € | 5 952 € | 20 t€ | 9 474 € |
| Short-term accounts payable | 23 t€ | 49 t€ | 16 t€ | 32 t€ | 36 t€ |
| Short-term sales receivables | 72 t€ | 106 t€ | 82 t€ | 96 t€ | 72 t€ |
| Purchases during the financial year | -244 t€ | -239 t€ | -238 t€ | -359 t€ | -222 t€ |
| Profit (loss) for the period, equity | -20 t€ | 8 723 € | 76 t€ | -51 t€ | 3 550 € |
| Short-term receivables | 110 t€ | 133 t€ | 106 t€ | 145 t€ | 99 t€ |
| Interest expenses and other financial expenses for non-Group companies | -95 € | -1 544 € | -1 112 € | -1 756 € | -27 € |
| Tangible assets | 37 t€ | 46 t€ | 57 t€ | 36 t€ | 47 t€ |
| Wages and salaries | -302 t€ | -296 t€ | -298 t€ | -323 t€ | -289 t€ |
| Short-term accrued expenses and deferred income | 66 t€ | 64 t€ | 52 t€ | 64 t€ | 57 t€ |
| Liabilities | 426 t€ | 302 t€ | 233 t€ | 391 t€ | 273 t€ |
| Other interest and financial income from non-group companies | 151 € | 59 € | 92 € | 478 € | 57 € |
| Other social security expenses | -18 t€ | -14 t€ | -11 t€ | -12 t€ | -11 t€ |
| Machinery and equipment | 37 t€ | 46 t€ | 57 t€ | 36 t€ | 47 t€ |
| Depreciations according to plan | -12 t€ | -15 t€ | -19 t€ | -12 t€ | -16 t€ |
| Work in progress | 116 t€ | 53 t€ | 22 t€ | 163 t€ | 67 t€ |
| Services purchased | -64 t€ | -55 t€ | -31 t€ | -41 t€ | -50 t€ |
| Short-term advances received | 235 t€ | 54 t€ | 12 t€ | 201 t€ | 34 t€ |
| Pension expenses | -57 t€ | -57 t€ | -58 t€ | -59 t€ | -48 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, Turku Steel Oy is in the lower half of the industry class manufacture of other fabricated metal products n.e.c. (400 companies with taxable income; median 53 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.