Korelan Kauppahuone Oy is a limited company based in Kotka, registered in 1995. In the financial year ending 31.12.2025, revenue was 161 t€ and operating profit 28 t€; equity ratio 84.5 %. Its taxable income in 2024 was 42 t€ and its income taxes 8 341 €. Latest Trade Register entry: change of ceo, 23.7.2026.
Revenue 2025161 t€+1 % on the previous year
Operating profit28 t€17,2 % of revenue
Net profit19 t€EBITDA 23 t€
Equity ratio84,5 %quick ratio 4,01
Taxable income 202442 t€
top quarter of its industry
Income taxes 20248 341 €8 341 € in 2020–2024
In business31 yrsregistered 7.6.1995
Trade Register1entries, latest: change of ceo
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 161 t€ | 160 t€ | 116 t€ | 104 t€ | 104 t€ | 108 t€ |
| Revenue change | 0,7 % | 38,1 % | 11,5 % | -0,2 % | -3,3 % | – |
| EBITDA | 23 t€ | 44 t€ | 6 413 € | -3 865 € | 697 € | -5 261 € |
| EBITDA % | 14,1 % | 27,8 % | 5,5 % | -3,7 % | 0,7 % | -4,9 % |
| Operating profit | 28 t€ | 42 t€ | 5 693 € | -4 826 € | -584 € | -6 969 € |
| Operating margin | 17,2 % | 26,3 % | 4,9 % | -4,6 % | -0,6 % | -6,5 % |
| Net profit | 19 t€ | 35 t€ | 6 041 € | -4 612 € | -287 € | -13 t€ |
| Personnel costs | -21 t€ | 0 € | 0 € | 130 € | 368 € | 5 647 € |
| Equity ratio | 84,5 % | 78,0 % | 67,1 % | 57,7 % | 80,3 % | 76,8 % |
| Quick ratio | 4,01 | 3,71 | 2,50 | 1,89 | 2,32 | 2,83 |
| Current ratio | 4,01 | 3,71 | 2,50 | 1,89 | 2,32 | 2,83 |
| Debt to revenue | 8,4 % | 9,8 % | 9,3 % | 12,2 % | 5,6 % | 7,4 % |
| Return on equity | 25,2 % | 63,7 % | 27,5 % | -26,7 % | -1,2 % | -51,1 % |
| Balance sheet total | 91 t€ | 73 t€ | 35 t€ | 33 t€ | 39 t€ | 38 t€ |
| Equity | 74 t€ | 56 t€ | 22 t€ | 17 t€ | 24 t€ | 26 t€ |
| Cash and bank | 9 342 € | 35 t€ | 18 t€ | 21 t€ | 21 t€ | 20 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 161 t€ | 160 t€ | 116 t€ | 104 t€ | 104 t€ | 108 t€ |
| Other operating income | – | – | 0 € | 7 042 € | 31 t€ | 28 t€ |
| Raw materials and services | 6 609 € | -19 t€ | -17 t€ | -19 t€ | -15 t€ | -26 t€ |
| Personnel expenses | 21 t€ | 0 € | 0 € | -130 € | -368 € | -5 647 € |
| Depreciations and reductions in value | 5 033 € | -2 361 € | -721 € | -961 € | -1 281 € | -1 708 € |
| Other operating expenses | 101 t€ | -97 t€ | -93 t€ | -96 t€ | -119 t€ | -109 t€ |
| Operating profit (loss) | 28 t€ | 42 t€ | 5 693 € | -4 826 € | -584 € | -6 969 € |
| Financial income and expenses + (-) | 1 238 € | -377 € | 349 € | 214 € | 298 € | -6 416 € |
| Profit (loss) before appropriations and taxes | 27 t€ | 42 t€ | 6 041 € | -4 612 € | -287 € | -13 t€ |
| Income taxes | 7 787 € | -6 295 € | 0 € | – | – | – |
| Profit (loss) for the financial year | 19 t€ | 35 t€ | 6 041 € | -4 612 € | -287 € | -13 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 25 t€ | 7 083 € | 2 162 € | 2 883 € | 3 844 € | 5 125 € |
| Receivables | 56 t€ | 31 t€ | 15 t€ | 9 675 € | 14 t€ | 13 t€ |
| Cash in hand and at banks | 9 342 € | 35 t€ | 18 t€ | 21 t€ | 21 t€ | 20 t€ |
| Current assets | 66 t€ | 66 t€ | 33 t€ | 31 t€ | 35 t€ | 33 t€ |
| Assets | 91 t€ | 73 t€ | 35 t€ | 33 t€ | 39 t€ | 38 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 74 t€ | 56 t€ | 22 t€ | 17 t€ | 24 t€ | 26 t€ |
| Short-term liabilities | 16 t€ | 18 t€ | 13 t€ | 16 t€ | 15 t€ | 11 t€ |
| Liabilities | 16 t€ | 18 t€ | 13 t€ | 16 t€ | 15 t€ | 11 t€ |
All financial statement items (47)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 161 t€ | 160 t€ | 116 t€ | 104 t€ | 104 t€ | 108 t€ |
| Other operating income | – | – | 0 € | 7 042 € | 31 t€ | 28 t€ |
| Raw materials and services | 6 609 € | -19 t€ | -17 t€ | -19 t€ | -15 t€ | -26 t€ |
| Personnel expenses | 21 t€ | 0 € | 0 € | -130 € | -368 € | -5 647 € |
| Depreciations and reductions in value | 5 033 € | -2 361 € | -721 € | -961 € | -1 281 € | -1 708 € |
| Other operating expenses | 101 t€ | -97 t€ | -93 t€ | -96 t€ | -119 t€ | -109 t€ |
| Operating profit (loss) | 28 t€ | 42 t€ | 5 693 € | -4 826 € | -584 € | -6 969 € |
| Financial income and expenses + (-) | 1 238 € | -377 € | 349 € | 214 € | 298 € | -6 416 € |
| Profit (loss) before appropriations and taxes | 27 t€ | 42 t€ | 6 041 € | -4 612 € | -287 € | -13 t€ |
| Income taxes | 7 787 € | -6 295 € | 0 € | – | – | – |
| Profit (loss) for the financial year | 19 t€ | 35 t€ | 6 041 € | -4 612 € | -287 € | -13 t€ |
| Non-current assets | 25 t€ | 7 083 € | 2 162 € | 2 883 € | 3 844 € | 5 125 € |
| Receivables | 56 t€ | 31 t€ | 15 t€ | 9 675 € | 14 t€ | 13 t€ |
| Cash in hand and at banks | 9 342 € | 35 t€ | 18 t€ | 21 t€ | 21 t€ | 20 t€ |
| Current assets | 66 t€ | 66 t€ | 33 t€ | 31 t€ | 35 t€ | 33 t€ |
| Assets | 91 t€ | 73 t€ | 35 t€ | 33 t€ | 39 t€ | 38 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 74 t€ | 56 t€ | 22 t€ | 17 t€ | 24 t€ | 26 t€ |
| Short-term liabilities | 16 t€ | 18 t€ | 13 t€ | 16 t€ | 15 t€ | 11 t€ |
| Liabilities | 16 t€ | 18 t€ | 13 t€ | 16 t€ | 15 t€ | 11 t€ |
| Other social security expenses | 327 € | 0 € | 0 € | -130 € | -368 € | -102 € |
| Long-term receivables from Group companies | 28 t€ | 0 € | – | – | – | – |
| Other interest and financial income from non-group companies | 505 € | 589 € | 407 € | 330 € | 304 € | 336 € |
| Short-term accrued expenses and deferred income | 8 916 € | 10 t€ | 3 304 € | 1 492 € | 1 901 € | 0 € |
| Tangible assets | 15 t€ | 7 083 € | 2 162 € | 2 883 € | 3 844 € | 5 125 € |
| Pension expenses | 2 821 € | 0 € | – | – | 0 € | -544 € |
| Receivables from Group companies (investments) | 10 t€ | 0 € | – | – | – | – |
| Liabilities | 91 t€ | 73 t€ | 35 t€ | 33 t€ | 39 t€ | 38 t€ |
| Machinery and equipment | 15 t€ | 7 083 € | 2 162 € | 2 883 € | 3 844 € | 5 125 € |
| Current receivables from participating interests | – | 0 € | 12 t€ | 0 € | – | – |
| Short-term loan receivables | 12 t€ | 15 t€ | 0 € | – | – | – |
| Services purchased | 5 789 € | -19 t€ | -14 t€ | -16 t€ | -12 t€ | -17 t€ |
| Wages and salaries | 18 t€ | 0 € | – | – | 0 € | -5 000 € |
| Other short-term receivables | 166 € | 2 261 € | 1 011 € | 2 673 € | 1 773 € | 1 476 € |
| Short-term prepayments and accrued income | – | 0 € | 625 € | 3 728 € | 3 601 € | 1 219 € |
| Purchases during the financial year | 820 € | -71 € | -2 279 € | -2 957 € | -2 866 € | -8 593 € |
| Long-term receivables | 28 t€ | 0 € | – | – | – | – |
| Investments | 10 t€ | 0 € | – | – | – | – |
| Short-term sales receivables | 16 t€ | 14 t€ | 981 € | 3 274 € | 8 784 € | 9 982 € |
| Short-term advances received | 2 752 € | 2 264 € | 2 437 € | 3 425 € | 9 298 € | 3 552 € |
| Profit (loss) for the period, equity | 19 t€ | 35 t€ | 6 041 € | -4 612 € | -287 € | -13 t€ |
| Other current liabilities | 1 001 € | 111 € | 0 € | – | 0 € | 107 € |
| Interest expenses and other financial expenses for non-Group companies | 1 743 € | -966 € | -58 € | -116 € | -6 € | -6 752 € |
| Retained earnings | 48 t€ | 12 t€ | 7 902 € | 14 t€ | 16 t€ | 32 t€ |
| Short-term accounts payable | 3 671 € | 5 402 € | 7 442 € | 11 t€ | 3 944 € | 7 824 € |
| Depreciations according to plan | 5 033 € | -2 361 € | -721 € | -961 € | -1 281 € | -1 708 € |
| Short-term receivables | 29 t€ | 31 t€ | 15 t€ | 9 675 € | 14 t€ | 13 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, Korelan Kauppahuone Oy is in the top quarter of the industry class activities of fitness centres (302 companies with taxable income; median 18 t€, 2,3 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
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