Speed Life Oy is a limited company based in Kuusamo, registered in 1995. In the financial year ending 30.9.2025, revenue was 550 t€ and operating profit 29 t€; equity ratio 76.0 %.
Revenue 2025550 t€+1 % on the previous year
Operating profit29 t€5,2 % of revenue
Net profit19 t€EBITDA -15 t€
Equity ratio76,0 %quick ratio 1,05
In business31 yrsregistered 26.7.1995
Kuusamo: 3 new companies in 30 days
- Tutia OyMuu muualla luokittelematon monenlainen erikoistunut rakennustoiminta
- Ve-Ma Sähkö OySähköasennus
- KI Ajoneuvot OyMuualla luokittelematon muu rahoituspalvelutoiminta pois lukien vakuutus- ja eläkevakuutustoiminta
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Financials
RevenueOperating profitNet profit
| Key figures | 30.9.2025 | 30.9.2024 |
|---|---|---|
| Revenue | 550 t€ | 543 t€ |
| Revenue change | 1,3 % | – |
| EBITDA | -15 t€ | -105 t€ |
| EBITDA % | -2,7 % | -19,4 % |
| Operating profit | 29 t€ | -53 t€ |
| Operating margin | 5,2 % | -9,8 % |
| Net profit | 19 t€ | -67 t€ |
| Personnel costs | -213 t€ | -241 t€ |
| Equity ratio | 76,0 % | 62,7 % |
| Quick ratio | 1,05 | 0,42 |
| Current ratio | 2,01 | 1,06 |
| Debt to revenue | 13,6 % | 23,7 % |
| Return on equity | 8,1 % | -31,2 % |
| Balance sheet total | 312 t€ | 345 t€ |
| Equity | 235 t€ | 216 t€ |
| Cash and bank | 21 t€ | 16 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.9.2025 | 30.9.2024 | |
|---|---|---|
| Turnover | 550 t€ | 543 t€ |
| Other operating income | 12 t€ | 17 t€ |
| Raw materials and services | 148 t€ | 149 t€ |
| Personnel expenses | 213 t€ | 241 t€ |
| Depreciations and reductions in value | 44 t€ | 52 t€ |
| Other operating expenses | 129 t€ | 171 t€ |
| Operating profit (loss) | 29 t€ | -53 t€ |
| Financial income and expenses + (-) | 9 745 € | 11 t€ |
| Profit (loss) before appropriations and taxes | 19 t€ | -65 t€ |
| Income taxes | 0 € | 2 628 € |
| Profit (loss) for the financial year | 19 t€ | -67 t€ |
Balance sheet
| 30.9.2025 | 30.9.2024 | |
|---|---|---|
| Non-current assets | 197 t€ | 220 t€ |
| Stocks | 55 t€ | 75 t€ |
| Receivables | 39 t€ | 19 t€ |
| Cash in hand and at banks | 21 t€ | 16 t€ |
| Current assets | 116 t€ | 125 t€ |
| Assets | 312 t€ | 345 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € |
| Capital and reserves | 235 t€ | 216 t€ |
| Long-term liabilities | 20 t€ | 9 828 € |
| Short-term liabilities | 58 t€ | 119 t€ |
| Liabilities | 77 t€ | 129 t€ |
All financial statement items (54)
| 30.9.2025 | 30.9.2024 | |
|---|---|---|
| Turnover | 550 t€ | 543 t€ |
| Other operating income | 12 t€ | 17 t€ |
| Raw materials and services | 148 t€ | 149 t€ |
| Personnel expenses | 213 t€ | 241 t€ |
| Depreciations and reductions in value | 44 t€ | 52 t€ |
| Other operating expenses | 129 t€ | 171 t€ |
| Operating profit (loss) | 29 t€ | -53 t€ |
| Financial income and expenses + (-) | 9 745 € | 11 t€ |
| Profit (loss) before appropriations and taxes | 19 t€ | -65 t€ |
| Income taxes | 0 € | 2 628 € |
| Profit (loss) for the financial year | 19 t€ | -67 t€ |
| Non-current assets | 197 t€ | 220 t€ |
| Stocks | 55 t€ | 75 t€ |
| Receivables | 39 t€ | 19 t€ |
| Cash in hand and at banks | 21 t€ | 16 t€ |
| Current assets | 116 t€ | 125 t€ |
| Assets | 312 t€ | 345 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € |
| Capital and reserves | 235 t€ | 216 t€ |
| Long-term liabilities | 20 t€ | 9 828 € |
| Short-term liabilities | 58 t€ | 119 t€ |
| Liabilities | 77 t€ | 129 t€ |
| Buildings and structures, Owned | 30 t€ | 32 t€ |
| Other shares, financial securities | 0 € | 16 t€ |
| Profit (loss) for the period, equity | 19 t€ | -67 t€ |
| Shares and holdings | 0 € | 16 t€ |
| Machinery and equipment | 124 t€ | 148 t€ |
| Long-term accounts payable | 0 € | 9 828 € |
| Other shares and similar rights of ownership | 43 t€ | 40 t€ |
| Pension expenses | 23 t€ | 39 t€ |
| Short-term accounts payable | 7 002 € | 5 394 € |
| Short-term prepayments and accrued income | 11 t€ | 1 660 € |
| Liabilities | 312 t€ | 345 t€ |
| Materials and supplies | 55 t€ | 75 t€ |
| Short-term accrued expenses and deferred income | 2 310 € | 0 € |
| Short-term sales receivables | 28 t€ | 7 871 € |
| Interest expenses and other financial expenses for non-Group companies | 14 t€ | 11 t€ |
| Short-term liabilities to credit institutions | 28 t€ | 88 t€ |
| Other current liabilities | 17 t€ | 25 t€ |
| Short-term receivables | 39 t€ | 19 t€ |
| Other short-term receivables | 0 € | 9 110 € |
| Income from other investments under non-current assets, from other companies | 4 659 € | 0 € |
| Retained earnings | 214 t€ | 281 t€ |
| Investments | 43 t€ | 40 t€ |
| Inventory increase (+) or decrease (-) | 20 t€ | -14 t€ |
| Depreciations according to plan | 44 t€ | 52 t€ |
| Tangible assets | 154 t€ | 180 t€ |
| Services purchased | 90 t€ | 101 t€ |
| Long-term liabilities to credit institutions | 20 t€ | 0 € |
| Short-term advances received | 2 475 € | 0 € |
| Purchases during the financial year | 38 t€ | 63 t€ |
| Other interest and financial income from non-group companies | 4 € | 62 € |
| Other social security expenses | 6 750 € | 5 189 € |
| Wages and salaries | 183 t€ | 197 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
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.