MPH Property Oy is a mutual real estate limited company based in Kouvola, registered in 1995. In the financial year ending 31.12.2024, revenue was 643 t€ and operating profit 333 t€; equity ratio 81.2 %. Its taxable income in 2024 was 330 t€ and its income taxes 67 t€. Public buyers bought 494 € from it in 2023–2024; the largest buyer is Väylävirasto (Liikenne- ja viestintäministeriön hallinnonala).
Financials
| Key figures | 31.12.2024 | 31.12.2023 | 28.2.2023 |
|---|---|---|---|
| Revenue | 643 t€ | 632 t€ | 78 t€ |
| Revenue change | 1,8 % | 711,5 % | – |
| EBITDA | 398 t€ | 133 t€ | 4 799 € |
| EBITDA % | 61,8 % | 21,0 % | 6,2 % |
| Operating profit | 333 t€ | 115 t€ | 1 225 € |
| Operating margin | 51,8 % | 18,2 % | 1,6 % |
| Net profit | 263 t€ | 87 t€ | 36 t€ |
| Personnel costs | 142 t€ | 174 t€ | 32 t€ |
| Equity ratio | 81,2 % | 17,8 % | 0,0 % |
| Quick ratio | 5,03 | 0,96 | 0,71 |
| Current ratio | 5,03 | 1,18 | 1,05 |
| Debt to revenue | 12,2 % | 63,3 % | 611,6 % |
| Return on equity | 77,9 % | 100,0 % | – |
| Balance sheet total | 416 t€ | 487 t€ | 477 t€ |
| Equity | 338 t€ | 87 t€ | 0 € |
| Cash and bank | 129 t€ | 154 t€ | 110 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 28.2.2023 | |
|---|---|---|---|
| Turnover | 643 t€ | 632 t€ | 78 t€ |
| Other operating income | 244 t€ | 600 € | 8 081 € |
| Raw materials and services | -231 t€ | -236 t€ | -31 t€ |
| Personnel expenses | -142 t€ | -174 t€ | -32 t€ |
| Depreciations and reductions in value | -64 t€ | -18 t€ | -3 574 € |
| Other operating expenses | -116 t€ | -90 t€ | -18 t€ |
| Operating profit (loss) | 333 t€ | 115 t€ | 1 225 € |
| Financial income and expenses + (-) | -3 883 € | -6 244 € | -1 531 € |
| Profit (loss) before appropriations and taxes | 329 t€ | 109 t€ | -305 € |
| Income taxes | -66 t€ | -22 t€ | 0 € |
| Profit (loss) for the financial year | 263 t€ | 87 t€ | 36 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | 28.2.2023 | |
|---|---|---|---|
| Non-current assets | 274 t€ | 253 t€ | 271 t€ |
| Stocks | 0 € | 44 t€ | 66 t€ |
| Receivables | 13 t€ | 36 t€ | 30 t€ |
| Cash in hand and at banks | 129 t€ | 154 t€ | 110 t€ |
| Current assets | 142 t€ | 234 t€ | 206 t€ |
| Assets | 416 t€ | 487 t€ | 477 t€ |
| Capital and reserves | 338 t€ | 87 t€ | 0 € |
| Long-term liabilities | 50 t€ | 203 t€ | 281 t€ |
| Short-term liabilities | 28 t€ | 197 t€ | 196 t€ |
| Liabilities | 78 t€ | 400 t€ | 477 t€ |
All financial statement items (55)
| 31.12.2024 | 31.12.2023 | 28.2.2023 | |
|---|---|---|---|
| Turnover | 643 t€ | 632 t€ | 78 t€ |
| Other operating income | 244 t€ | 600 € | 8 081 € |
| Raw materials and services | -231 t€ | -236 t€ | -31 t€ |
| Personnel expenses | -142 t€ | -174 t€ | -32 t€ |
| Depreciations and reductions in value | -64 t€ | -18 t€ | -3 574 € |
| Other operating expenses | -116 t€ | -90 t€ | -18 t€ |
| Operating profit (loss) | 333 t€ | 115 t€ | 1 225 € |
| Financial income and expenses + (-) | -3 883 € | -6 244 € | -1 531 € |
| Profit (loss) before appropriations and taxes | 329 t€ | 109 t€ | -305 € |
| Income taxes | -66 t€ | -22 t€ | 0 € |
| Profit (loss) for the financial year | 263 t€ | 87 t€ | 36 t€ |
| Non-current assets | 274 t€ | 253 t€ | 271 t€ |
| Stocks | 0 € | 44 t€ | 66 t€ |
| Receivables | 13 t€ | 36 t€ | 30 t€ |
| Cash in hand and at banks | 129 t€ | 154 t€ | 110 t€ |
| Current assets | 142 t€ | 234 t€ | 206 t€ |
| Assets | 416 t€ | 487 t€ | 477 t€ |
| Capital and reserves | 338 t€ | 87 t€ | 0 € |
| Long-term liabilities | 50 t€ | 203 t€ | 281 t€ |
| Short-term liabilities | 28 t€ | 197 t€ | 196 t€ |
| Liabilities | 78 t€ | 400 t€ | 477 t€ |
| Buildings and structures, Owned | 205 t€ | 221 t€ | 235 t€ |
| Purchases during the financial year | -186 t€ | -206 t€ | -24 t€ |
| Short-term receivables | 13 t€ | 36 t€ | 30 t€ |
| Other short-term receivables | 5 000 € | 5 000 € | 7 521 € |
| Profit (loss) for the period, equity | 263 t€ | 87 t€ | 36 t€ |
| Short-term loan receivables | – | 0 € | 297 € |
| Tangible assets | 274 t€ | 253 t€ | 271 t€ |
| Other long-term liabilities | 26 t€ | 0 € | – |
| Short-term accrued expenses and deferred income | 2 247 € | 36 t€ | 28 t€ |
| Interest expenses and other financial expenses for non-Group companies | -8 271 € | -9 423 € | -1 564 € |
| Long-term liabilities to credit institutions | 0 € | 183 t€ | 248 t€ |
| Other shares and similar rights of ownership | 10 € | 10 € | 10 € |
| Other social security expenses | -5 958 € | -11 t€ | -1 614 € |
| Addition to tax-based reserves (deduction) | – | 0 € | 36 t€ |
| Short-term sales receivables | 5 320 € | 24 t€ | 14 t€ |
| Income from other investments under non-current assets, from other companies | 0 € | 140 € | 0 € |
| Depreciations according to plan | -64 t€ | -18 t€ | -3 574 € |
| Other current liabilities | 4 512 € | 67 t€ | 87 t€ |
| Inventory increase (+) or decrease (-) | -44 t€ | -22 t€ | -7 149 € |
| Short-term accounts payable | 22 t€ | 56 t€ | 33 t€ |
| Retained earnings | 75 t€ | 0 € | – |
| Machinery and equipment | 50 t€ | 14 t€ | 18 t€ |
| Wages and salaries | -105 t€ | -122 t€ | -25 t€ |
| Other interest and financial income from non-group companies | 4 388 € | 3 039 € | 33 € |
| Land and water areas, Owned | 19 t€ | 19 t€ | 19 t€ |
| Short-term liabilities to credit institutions | 0 € | 38 t€ | 47 t€ |
| Investments | 10 € | 10 € | 10 € |
| Pension expenses | -31 t€ | -41 t€ | -5 371 € |
| Materials and supplies | 0 € | 44 t€ | 66 t€ |
| Services purchased | -1 158 € | -6 996 € | 0 € |
| Liabilities | 416 t€ | 487 t€ | 477 t€ |
| Short-term advances received | 0 € | 408 € | 1 087 € |
| Short-term prepayments and accrued income | 2 687 € | 6 729 € | 8 536 € |
| Long-term accounts payable | 24 t€ | 20 t€ | 33 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, MPH Property Oy is in the top 10 % of the industry class rental and operating of own or leased non-residential real estate (6955 companies with taxable income; median 22 t€, 15 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.
Sales to public buyers
Largest buyers
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