Waiwela Oy is a limited company based in Turku, registered in 1994. In the financial year ending 31.12.2024, revenue was 1,8 M€ and operating profit 295 t€; equity ratio 85.6 %. Its taxable income in 2024 was 239 t€ and its income taxes 49 t€. Latest Trade Register entry: change of ceo, 10.3.2026.
Financials
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 1,8 M€ | 644 t€ |
| Revenue change | 180,7 % | – |
| EBITDA | 311 t€ | 266 t€ |
| EBITDA % | 17,2 % | 41,4 % |
| Operating profit | 295 t€ | 249 t€ |
| Operating margin | 16,3 % | 38,6 % |
| Net profit | 132 t€ | 146 t€ |
| Personnel costs | 17 t€ | 16 t€ |
| Equity ratio | 85,6 % | 72,4 % |
| Quick ratio | 1,65 | 1,99 |
| Current ratio | 2,92 | 3,57 |
| Debt to revenue | 61,4 % | 399,8 % |
| Return on equity | 2,0 % | 2,2 % |
| Balance sheet total | 9,6 M€ | 9,3 M€ |
| Equity | 6,6 M€ | 6,8 M€ |
| Cash and bank | 125 t€ | 56 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 1,8 M€ | 644 t€ |
| Other operating income | 542 t€ | 527 t€ |
| Raw materials and services | -3,0 M€ | -577 t€ |
| Personnel expenses | -17 t€ | -16 t€ |
| Depreciations and reductions in value | -16 t€ | -18 t€ |
| Other operating expenses | -509 t€ | -312 t€ |
| Operating profit (loss) | 295 t€ | 249 t€ |
| Financial income and expenses + (-) | -116 t€ | -66 t€ |
| Profit (loss) before appropriations and taxes | 179 t€ | 183 t€ |
| Income taxes | -47 t€ | -37 t€ |
| Profit (loss) for the financial year | 132 t€ | 146 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 2,9 M€ | 2,7 M€ |
| Stocks | 2,9 M€ | 2,9 M€ |
| Receivables | 3,7 M€ | 3,6 M€ |
| Cash in hand and at banks | 125 t€ | 56 t€ |
| Current assets | 6,7 M€ | 6,6 M€ |
| Assets | 9,6 M€ | 9,3 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € |
| Capital and reserves | 6,6 M€ | 6,8 M€ |
| Long-term liabilities | 728 t€ | 733 t€ |
| Short-term liabilities | 2,3 M€ | 1,8 M€ |
| Liabilities | 3,0 M€ | 2,6 M€ |
All financial statement items (60)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 1,8 M€ | 644 t€ |
| Other operating income | 542 t€ | 527 t€ |
| Raw materials and services | -3,0 M€ | -577 t€ |
| Personnel expenses | -17 t€ | -16 t€ |
| Depreciations and reductions in value | -16 t€ | -18 t€ |
| Other operating expenses | -509 t€ | -312 t€ |
| Operating profit (loss) | 295 t€ | 249 t€ |
| Financial income and expenses + (-) | -116 t€ | -66 t€ |
| Profit (loss) before appropriations and taxes | 179 t€ | 183 t€ |
| Income taxes | -47 t€ | -37 t€ |
| Profit (loss) for the financial year | 132 t€ | 146 t€ |
| Non-current assets | 2,9 M€ | 2,7 M€ |
| Stocks | 2,9 M€ | 2,9 M€ |
| Receivables | 3,7 M€ | 3,6 M€ |
| Cash in hand and at banks | 125 t€ | 56 t€ |
| Current assets | 6,7 M€ | 6,6 M€ |
| Assets | 9,6 M€ | 9,3 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € |
| Capital and reserves | 6,6 M€ | 6,8 M€ |
| Long-term liabilities | 728 t€ | 733 t€ |
| Short-term liabilities | 2,3 M€ | 1,8 M€ |
| Liabilities | 3,0 M€ | 2,6 M€ |
| Pension expenses | -5 411 € | -5 141 € |
| Depreciations according to plan | -16 t€ | -18 t€ |
| Tangible assets | 327 t€ | 343 t€ |
| Retained earnings | 6,5 M€ | 6,6 M€ |
| Short-term receivables | 1,6 M€ | 1,8 M€ |
| Change in stocks of products + (-) | 1,5 M€ | 0 € |
| Other current liabilities | 23 t€ | 974 t€ |
| Short-term sales receivables | 78 t€ | 0 € |
| Short-term prepayments and accrued income | 1,5 M€ | 1,8 M€ |
| Other interest and financial income from non-group companies | 2 909 € | 2 294 € |
| Interest expenses and other financial expenses for non-Group companies | -119 t€ | -68 t€ |
| Short-term accounts payable | 6 034 € | 156 € |
| Land and water areas, Owned | 24 t€ | 24 t€ |
| Other long-term liabilities | 2 400 € | 3 739 € |
| Long-term loan receivables | 445 t€ | 445 t€ |
| Long-term receivables | 2,1 M€ | 1,8 M€ |
| Short-term accrued expenses and deferred income | 24 t€ | 15 t€ |
| Long-term liabilities to Group companies | 55 t€ | 55 t€ |
| Profit (loss) for the period, equity | 132 t€ | 146 t€ |
| Shares and similar rights of ownership in subsidiaries | 991 t€ | 991 t€ |
| Investments | 2,6 M€ | 2,4 M€ |
| Other social security expenses | -12 t€ | -10 t€ |
| Purchases during the financial year | -18 t€ | -456 t€ |
| Other short-term receivables | 49 t€ | 4 623 € |
| Long-term liabilities to credit institutions | 670 t€ | 674 t€ |
| Services purchased | -1,5 M€ | 0 € |
| Long-term receivables from Group companies | 1,6 M€ | 1,4 M€ |
| Buildings and structures, Owned | 284 t€ | 297 t€ |
| Short-term liabilities to Group companies | 0 € | 397 € |
| Other receivables (investments) | 272 t€ | 72 t€ |
| Work in progress | 1,5 M€ | 0 € |
| Liabilities | 9,6 M€ | 9,3 M€ |
| Other stocks | 1,4 M€ | 2,9 M€ |
| Inventory increase (+) or decrease (-) | -1,5 M€ | -121 t€ |
| Short-term advances received | 1,9 M€ | 0 € |
| Other shares and similar rights of ownership | 1,3 M€ | 1,3 M€ |
| Machinery and equipment | 19 t€ | 22 t€ |
| Short-term liabilities to credit institutions | 330 t€ | 854 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, Waiwela Oy is in the top quarter of the industry class plumbing, heat and air-conditioning installation (1803 companies with taxable income; median 25 t€, 9,7 times the median).
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.
Trade Register events
- Change of CEO
- Line of business changed
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