Sähköpalvelu Paananen Oy is a limited company based in Savonlinna, registered in 1994. In the financial year ending 31.12.2025, revenue was 754 t€ and operating profit 101 t€; equity ratio 85.9 %. Its taxable income in 2024 was 130 t€ and its income taxes 26 t€. Public buyers bought 378 € from it in 2022–2022; the largest buyer is Luonnonvarakeskus (Maa- ja metsätalousministeriön hallinnonala).
Revenue 2025754 t€-14 % on the previous year
Operating profit101 t€13,3 % of revenue
Net profit81 t€EBITDA 75 t€
Equity ratio85,9 %quick ratio 1,54
Taxable income 2024130 t€
top quarter of its industry
Income taxes 202426 t€71 t€ in 2020–2024
In business32 yrsregistered 30.3.1994
Sales to public buyers378 €2022–2022
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 | 754 t€ | 878 t€ | 475 t€ | 705 t€ | 878 t€ | – |
| Revenue change | -14,2 % | 84,9 % | -32,6 % | -19,7 % | – | – |
| Gross profit | – | – | – | – | 522 t€ | 321 t€ |
| EBITDA | 75 t€ | 150 t€ | 25 t€ | 113 t€ | 123 t€ | 51 t€ |
| EBITDA % | 10,0 % | 17,1 % | 5,3 % | 16,1 % | 14,0 % | – |
| Operating profit | 101 t€ | 130 t€ | -1 969 € | 91 t€ | 100 t€ | 26 t€ |
| Operating margin | 13,3 % | 14,8 % | -0,4 % | 12,9 % | 11,4 % | – |
| Net profit | 81 t€ | 104 t€ | -1 110 € | 73 t€ | 80 t€ | 21 t€ |
| Personnel costs | -232 t€ | 193 t€ | 204 t€ | 227 t€ | 273 t€ | 183 t€ |
| Equity ratio | 85,9 % | 89,4 % | 74,6 % | 81,2 % | 75,8 % | 81,2 % |
| Quick ratio | 1,54 | 3,43 | 0,99 | 2,84 | 2,80 | 3,07 |
| Current ratio | 1,67 | 3,69 | 1,45 | 3,21 | 2,95 | 3,19 |
| Debt to revenue | 9,9 % | 5,5 % | 23,7 % | 11,8 % | 11,4 % | – |
| Return on equity | 17,8 % | 25,5 % | -0,3 % | 20,3 % | 25,6 % | 8,2 % |
| Balance sheet total | 531 t€ | 456 t€ | 570 t€ | 443 t€ | 412 t€ | 311 t€ |
| Equity | 456 t€ | 408 t€ | 330 t€ | 360 t€ | 312 t€ | 252 t€ |
| Cash and bank | 62 t€ | 112 t€ | 92 t€ | 160 t€ | 199 t€ | 94 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 | 754 t€ | 878 t€ | 475 t€ | 705 t€ | 878 t€ | – |
| Gross profit or loss | – | – | – | – | 522 t€ | 321 t€ |
| Other operating income | 300 € | 100 € | 4 000 € | 0 € | 2 002 € | – |
| Raw materials and services | 299 t€ | -331 t€ | -260 t€ | -263 t€ | -358 t€ | – |
| Personnel expenses | 232 t€ | -193 t€ | -204 t€ | -227 t€ | -273 t€ | -183 t€ |
| Depreciations and reductions in value | 26 t€ | -20 t€ | -27 t€ | -23 t€ | -23 t€ | -25 t€ |
| Other operating expenses | 97 t€ | -108 t€ | -86 t€ | -101 t€ | -125 t€ | -87 t€ |
| Operating profit (loss) | 101 t€ | 130 t€ | -1 969 € | 91 t€ | 100 t€ | 26 t€ |
| Financial income and expenses + (-) | -1 138 € | -45 € | 859 € | 871 € | -140 € | -28 € |
| Profit (loss) before appropriations and taxes | 102 t€ | 130 t€ | -1 110 € | 92 t€ | 100 t€ | 26 t€ |
| Income taxes | 21 t€ | -26 t€ | 0 € | -18 t€ | -20 t€ | -5 149 € |
| Profit (loss) for the financial year | 81 t€ | 104 t€ | -1 110 € | 73 t€ | 80 t€ | 21 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 406 t€ | 278 t€ | 224 t€ | 176 t€ | 117 t€ | 124 t€ |
| Stocks | 9 200 € | 13 t€ | 110 t€ | 31 t€ | 15 t€ | 6 730 € |
| Receivables | 54 t€ | 53 t€ | 144 t€ | 76 t€ | 80 t€ | 85 t€ |
| Cash in hand and at banks | 62 t€ | 112 t€ | 92 t€ | 160 t€ | 199 t€ | 94 t€ |
| Current assets | 125 t€ | 178 t€ | 346 t€ | 268 t€ | 295 t€ | 187 t€ |
| Assets | 531 t€ | 456 t€ | 570 t€ | 443 t€ | 412 t€ | 311 t€ |
| Share capital or other similar capital | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ |
| Capital and reserves | 456 t€ | 408 t€ | 330 t€ | 360 t€ | 312 t€ | 252 t€ |
| Short-term liabilities | 75 t€ | 48 t€ | 240 t€ | 83 t€ | 100 t€ | 59 t€ |
| Liabilities | 75 t€ | 48 t€ | 240 t€ | 83 t€ | 100 t€ | 59 t€ |
All financial statement items (52)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 754 t€ | 878 t€ | 475 t€ | 705 t€ | 878 t€ | – |
| Gross profit or loss | – | – | – | – | 522 t€ | 321 t€ |
| Other operating income | 300 € | 100 € | 4 000 € | 0 € | 2 002 € | – |
| Raw materials and services | 299 t€ | -331 t€ | -260 t€ | -263 t€ | -358 t€ | – |
| Personnel expenses | 232 t€ | -193 t€ | -204 t€ | -227 t€ | -273 t€ | -183 t€ |
| Depreciations and reductions in value | 26 t€ | -20 t€ | -27 t€ | -23 t€ | -23 t€ | -25 t€ |
| Other operating expenses | 97 t€ | -108 t€ | -86 t€ | -101 t€ | -125 t€ | -87 t€ |
| Operating profit (loss) | 101 t€ | 130 t€ | -1 969 € | 91 t€ | 100 t€ | 26 t€ |
| Financial income and expenses + (-) | -1 138 € | -45 € | 859 € | 871 € | -140 € | -28 € |
| Profit (loss) before appropriations and taxes | 102 t€ | 130 t€ | -1 110 € | 92 t€ | 100 t€ | 26 t€ |
| Income taxes | 21 t€ | -26 t€ | 0 € | -18 t€ | -20 t€ | -5 149 € |
| Profit (loss) for the financial year | 81 t€ | 104 t€ | -1 110 € | 73 t€ | 80 t€ | 21 t€ |
| Non-current assets | 406 t€ | 278 t€ | 224 t€ | 176 t€ | 117 t€ | 124 t€ |
| Stocks | 9 200 € | 13 t€ | 110 t€ | 31 t€ | 15 t€ | 6 730 € |
| Receivables | 54 t€ | 53 t€ | 144 t€ | 76 t€ | 80 t€ | 85 t€ |
| Cash in hand and at banks | 62 t€ | 112 t€ | 92 t€ | 160 t€ | 199 t€ | 94 t€ |
| Current assets | 125 t€ | 178 t€ | 346 t€ | 268 t€ | 295 t€ | 187 t€ |
| Assets | 531 t€ | 456 t€ | 570 t€ | 443 t€ | 412 t€ | 311 t€ |
| Share capital or other similar capital | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ | 18 t€ |
| Capital and reserves | 456 t€ | 408 t€ | 330 t€ | 360 t€ | 312 t€ | 252 t€ |
| Short-term liabilities | 75 t€ | 48 t€ | 240 t€ | 83 t€ | 100 t€ | 59 t€ |
| Liabilities | 75 t€ | 48 t€ | 240 t€ | 83 t€ | 100 t€ | 59 t€ |
| Purchases during the financial year | 247 t€ | -262 t€ | -217 t€ | -250 t€ | -317 t€ | – |
| Depreciations according to plan | 26 t€ | -20 t€ | -27 t€ | -23 t€ | -23 t€ | -25 t€ |
| Change in stocks of products + (-) | 0 € | -96 t€ | 96 t€ | 0 € | – | – |
| Pension expenses | 39 t€ | -35 t€ | -33 t€ | -38 t€ | -41 t€ | -31 t€ |
| Short-term sales receivables | 16 t€ | 24 t€ | 69 t€ | 49 t€ | 42 t€ | 22 t€ |
| Tangible assets | 199 t€ | 183 t€ | 180 t€ | 132 t€ | 105 t€ | 111 t€ |
| Short-term advances received | – | 0 € | 127 t€ | 0 € | – | – |
| Wages and salaries | 186 t€ | -153 t€ | -164 t€ | -181 t€ | -223 t€ | -147 t€ |
| Short-term loan receivables | 9 751 € | 0 € | 0 € | 3 198 € | 17 t€ | 30 t€ |
| Other short-term receivables | 6 684 € | 6 684 € | 33 t€ | 8 325 € | 8 325 € | 19 t€ |
| Other shares and similar rights of ownership | 208 t€ | 94 t€ | 42 t€ | 42 t€ | 9 828 € | 9 828 € |
| Profit (loss) for the period, equity | 81 t€ | 104 t€ | -1 110 € | 73 t€ | 80 t€ | 21 t€ |
| Other social security expenses | 7 089 € | -4 805 € | -6 551 € | -7 658 € | -9 637 € | -5 712 € |
| Intangible assets | 0 € | 454 € | 907 € | 1 361 € | 2 367 € | 3 373 € |
| Short-term accounts payable | 8 991 € | 6 064 € | 47 t€ | 13 t€ | 9 006 € | 14 t€ |
| Machinery and equipment | 199 t€ | 183 t€ | 180 t€ | 132 t€ | 105 t€ | 111 t€ |
| Other interest and financial income from non-group companies | 1 192 € | 16 € | 1 154 € | 1 185 € | 0 € | 1 € |
| Liabilities | 531 t€ | 456 t€ | 570 t€ | 443 t€ | 412 t€ | 311 t€ |
| Short-term prepayments and accrued income | 21 t€ | 23 t€ | 41 t€ | 16 t€ | 12 t€ | 14 t€ |
| Services purchased | 49 t€ | -68 t€ | -26 t€ | -28 t€ | -50 t€ | – |
| Retained earnings | 357 t€ | 286 t€ | 313 t€ | 269 t€ | 214 t€ | 213 t€ |
| Work in progress | – | 0 € | 96 t€ | 0 € | – | – |
| Inventory increase (+) or decrease (-) | 3 400 € | -1 200 € | -17 t€ | 16 t€ | 8 658 € | – |
| Short-term accrued expenses and deferred income | 48 t€ | 26 t€ | 27 t€ | 41 t€ | 59 t€ | 31 t€ |
| Investments | 208 t€ | 94 t€ | 42 t€ | 42 t€ | 9 828 € | 9 828 € |
| Short-term receivables | 54 t€ | 53 t€ | 144 t€ | 76 t€ | 80 t€ | 85 t€ |
| Other current liabilities | 18 t€ | 16 t€ | 38 t€ | 29 t€ | 32 t€ | 14 t€ |
| Materials and supplies | 9 200 € | 13 t€ | 14 t€ | 31 t€ | 15 t€ | 6 730 € |
| Interest expenses and other financial expenses for non-Group companies | 54 € | -61 € | -295 € | -314 € | -140 € | -29 € |
| Other intangible assets | 0 € | 454 € | 907 € | 1 361 € | 2 367 € | 3 373 € |
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, Sähköpalvelu Paananen Oy is in the top quarter of the industry class retail sale of lighting equipment (36 companies with taxable income; median 20 t€, 6,6 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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