Korkonen Oy is a limited company based in Seinäjoki, registered in 1996. In the financial year ending 30.11.2025, revenue was 1,4 M€ and operating profit 38 t€; equity ratio 55.2 %. Its taxable income in 2024 was 167 t€ and its income taxes 34 t€. It has won 5 public contracts in EU procurement notices.
Revenue 20251,4 M€-9 % on the previous year
Operating profit38 t€2,7 % of revenue
Net profit20 t€EBITDA -75 t€
Equity ratio55,2 %quick ratio 1,99
Taxable income 2024167 t€
top quarter of its industry
Income taxes 202434 t€123 t€ in 2020–2024
In business30 yrsregistered 2.8.1996
Contracts won52,2 M€ in total
Financials
RevenueOperating profitNet profit
| Key figures | 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 |
|---|---|---|---|---|---|
| Revenue | 1,4 M€ | 1,6 M€ | 1,3 M€ | 1,3 M€ | 1,0 M€ |
| Revenue change | -8,6 % | 18,0 % | 5,6 % | 21,4 % | – |
| EBITDA | -75 t€ | 347 t€ | 217 t€ | 330 t€ | 289 t€ |
| EBITDA % | -5,3 % | 22,3 % | 16,5 % | 26,4 % | 28,1 % |
| Operating profit | 38 t€ | 182 t€ | 94 t€ | 224 t€ | 174 t€ |
| Operating margin | 2,7 % | 11,7 % | 7,2 % | 17,9 % | 16,9 % |
| Net profit | 20 t€ | 133 t€ | 62 t€ | 170 t€ | 133 t€ |
| Personnel costs | -643 t€ | 570 t€ | 527 t€ | 466 t€ | 409 t€ |
| Equity ratio | 55,2 % | 53,7 % | 52,5 % | 49,4 % | 36,8 % |
| Quick ratio | 1,99 | 2,05 | 1,70 | 1,75 | 0,95 |
| Current ratio | 1,99 | 2,05 | 1,70 | 1,75 | 0,95 |
| Debt to revenue | 29,6 % | 30,1 % | 30,6 % | 34,1 % | 44,5 % |
| Return on equity | 3,8 % | 24,5 % | 14,0 % | 40,8 % | 49,7 % |
| Balance sheet total | 941 t€ | 1,0 M€ | 849 t€ | 842 t€ | 725 t€ |
| Equity | 520 t€ | 543 t€ | 446 t€ | 416 t€ | 267 t€ |
| Cash and bank | 256 t€ | 389 t€ | 224 t€ | 271 t€ | 139 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,4 M€ | 1,6 M€ | 1,3 M€ | 1,3 M€ | 1,0 M€ |
| Other operating income | 970 € | 1 360 € | 480 € | 3 075 € | 0 € |
| Raw materials and services | 347 t€ | -390 t€ | -347 t€ | -360 t€ | -244 t€ |
| Personnel expenses | 643 t€ | -570 t€ | -527 t€ | -466 t€ | -409 t€ |
| Depreciations and reductions in value | 114 t€ | -165 t€ | -123 t€ | -106 t€ | -115 t€ |
| Other operating expenses | 281 t€ | -251 t€ | -230 t€ | -97 t€ | -87 t€ |
| Operating profit (loss) | 38 t€ | 182 t€ | 94 t€ | 224 t€ | 174 t€ |
| Financial income and expenses + (-) | 14 t€ | -15 t€ | -16 t€ | -11 t€ | -13 t€ |
| Profit (loss) before appropriations and taxes | 24 t€ | 167 t€ | 78 t€ | 213 t€ | 162 t€ |
| Income taxes | 4 237 € | -34 t€ | -16 t€ | -43 t€ | -30 t€ |
| Profit (loss) for the financial year | 20 t€ | 133 t€ | 62 t€ | 170 t€ | 133 t€ |
Balance sheet
| 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 292 t€ | 385 t€ | 391 t€ | 341 t€ | 368 t€ |
| Receivables | 393 t€ | 238 t€ | 234 t€ | 230 t€ | 218 t€ |
| Cash in hand and at banks | 256 t€ | 389 t€ | 224 t€ | 271 t€ | 139 t€ |
| Current assets | 649 t€ | 627 t€ | 458 t€ | 501 t€ | 357 t€ |
| Assets | 941 t€ | 1,0 M€ | 849 t€ | 842 t€ | 725 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 520 t€ | 543 t€ | 446 t€ | 416 t€ | 267 t€ |
| Long-term liabilities | 95 t€ | 162 t€ | 134 t€ | 140 t€ | 82 t€ |
| Short-term liabilities | 326 t€ | 306 t€ | 270 t€ | 286 t€ | 376 t€ |
| Liabilities | 421 t€ | 469 t€ | 404 t€ | 426 t€ | 458 t€ |
All financial statement items (47)
| 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,4 M€ | 1,6 M€ | 1,3 M€ | 1,3 M€ | 1,0 M€ |
| Other operating income | 970 € | 1 360 € | 480 € | 3 075 € | 0 € |
| Raw materials and services | 347 t€ | -390 t€ | -347 t€ | -360 t€ | -244 t€ |
| Personnel expenses | 643 t€ | -570 t€ | -527 t€ | -466 t€ | -409 t€ |
| Depreciations and reductions in value | 114 t€ | -165 t€ | -123 t€ | -106 t€ | -115 t€ |
| Other operating expenses | 281 t€ | -251 t€ | -230 t€ | -97 t€ | -87 t€ |
| Operating profit (loss) | 38 t€ | 182 t€ | 94 t€ | 224 t€ | 174 t€ |
| Financial income and expenses + (-) | 14 t€ | -15 t€ | -16 t€ | -11 t€ | -13 t€ |
| Profit (loss) before appropriations and taxes | 24 t€ | 167 t€ | 78 t€ | 213 t€ | 162 t€ |
| Income taxes | 4 237 € | -34 t€ | -16 t€ | -43 t€ | -30 t€ |
| Profit (loss) for the financial year | 20 t€ | 133 t€ | 62 t€ | 170 t€ | 133 t€ |
| Non-current assets | 292 t€ | 385 t€ | 391 t€ | 341 t€ | 368 t€ |
| Receivables | 393 t€ | 238 t€ | 234 t€ | 230 t€ | 218 t€ |
| Cash in hand and at banks | 256 t€ | 389 t€ | 224 t€ | 271 t€ | 139 t€ |
| Current assets | 649 t€ | 627 t€ | 458 t€ | 501 t€ | 357 t€ |
| Assets | 941 t€ | 1,0 M€ | 849 t€ | 842 t€ | 725 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 520 t€ | 543 t€ | 446 t€ | 416 t€ | 267 t€ |
| Long-term liabilities | 95 t€ | 162 t€ | 134 t€ | 140 t€ | 82 t€ |
| Short-term liabilities | 326 t€ | 306 t€ | 270 t€ | 286 t€ | 376 t€ |
| Liabilities | 421 t€ | 469 t€ | 404 t€ | 426 t€ | 458 t€ |
| Short-term sales receivables | 327 t€ | 221 t€ | 217 t€ | 218 t€ | 213 t€ |
| Other short-term receivables | – | – | 0 € | 614 € | 0 € |
| Retained earnings | 490 t€ | 400 t€ | 374 t€ | 236 t€ | 124 t€ |
| Short-term accrued expenses and deferred income | 96 t€ | 77 t€ | 85 t€ | 78 t€ | 47 t€ |
| Pension expenses | 91 t€ | -82 t€ | -78 t€ | -63 t€ | -50 t€ |
| Other shares and similar rights of ownership | 23 t€ | 23 t€ | 23 t€ | 23 t€ | 23 t€ |
| Short-term accounts payable | 106 t€ | 121 t€ | 106 t€ | 116 t€ | 165 t€ |
| Other current liabilities | 82 t€ | 66 t€ | 59 t€ | 72 t€ | 66 t€ |
| Investments | 23 t€ | 23 t€ | 23 t€ | 23 t€ | 23 t€ |
| Machinery and equipment | 268 t€ | 362 t€ | 368 t€ | 317 t€ | 345 t€ |
| Other interest and financial income from non-group companies | 197 € | 20 € | 228 € | 1 € | 0 € |
| Liabilities | 941 t€ | 1,0 M€ | 849 t€ | 842 t€ | 725 t€ |
| Short-term liabilities to credit institutions | 43 t€ | 43 t€ | 20 t€ | 20 t€ | 98 t€ |
| Short-term loan receivables | – | – | 0 € | 2 110 € | 2 066 € |
| Interest expenses and other financial expenses for non-Group companies | 14 t€ | -15 t€ | -17 t€ | -11 t€ | -13 t€ |
| Purchases during the financial year | 347 t€ | -390 t€ | -346 t€ | -359 t€ | -244 t€ |
| Tangible assets | 268 t€ | 362 t€ | 368 t€ | 317 t€ | 345 t€ |
| Long-term accounts payable | 28 t€ | 52 t€ | 102 t€ | 89 t€ | 82 t€ |
| Short-term receivables | 393 t€ | 238 t€ | 234 t€ | 230 t€ | 218 t€ |
| Wages and salaries | 523 t€ | -472 t€ | -419 t€ | -376 t€ | -336 t€ |
| Profit (loss) for the period, equity | 20 t€ | 133 t€ | 62 t€ | 170 t€ | 133 t€ |
| Depreciations according to plan | 114 t€ | -165 t€ | -123 t€ | -106 t€ | -115 t€ |
| Long-term liabilities to credit institutions | 68 t€ | 111 t€ | 31 t€ | 51 t€ | 0 € |
| Services purchased | 120 € | -921 € | -555 € | -360 € | 0 € |
| Other social security expenses | 29 t€ | -17 t€ | -31 t€ | -27 t€ | -23 t€ |
| Short-term prepayments and accrued income | 66 t€ | 18 t€ | 17 t€ | 9 504 € | 2 979 € |
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, Korkonen Oy is in the top quarter of the industry class site preparation (1576 companies with taxable income; median 36 t€, 4,7 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.
Public contracts won
- Asuinkiinteistöjen saostus- ja umpisäiliöiden tyhjennys ja lietteen kuljetus; Kuortaneen urakka-alueLakeuden Etappi Oy280 t€
- Asuinkiinteistöjen saostus- ja umpisäiliöiden tyhjennys ja lietteen kuljetus; Ilmajoen urakka-alueLakeuden Etappi Oy300 t€
- Kunnan järjestämä jätteenkuljetus, pakkausjätteet, urakka-alue; Lakeuden Etapin toimialue (maakunta)Lakeuden Etappi Oy660 t€
- Asuinkiinteistöjen saostus- ja umpisäiliöiden tyhjennys ja lietteen kuljetus; Töysän urakka-alueLakeuden Etappi Oy212 t€
- Kunnan järjestämä jätteenkuljetus Lakeuden Etapin toimialueella, kuntakohteet ja asuinkiinteistöt (yli 10 huoneistot); urakka-alue: Ähtäri, Töysä, Alavus, KihniöLakeuden Etappi Oy755 t€
Follow companies in your area
New companies, bankruptcies and changes of CEO and property manager in the areas and industries you choose, by email. 14-day free trial, cancel any time.
Try for free