Thermo-Tek Oy is a limited company based in Lahti, registered in 1996. The company has been in bankruptcy since 26.5.2026. In the financial year ending 31.8.2025, revenue was 237 t€ and operating profit 10 t€; equity ratio 28.5 %. Latest Trade Register entry: bankruptcy, 27.5.2026.
Revenue 2025237 t€-45 % on the previous year
Operating profit10 t€4,3 % of revenue
Net profit6 185 €EBITDA 10 t€
Equity ratio28,5 %quick ratio 1,77
Taxable income 20240 €
profit as taxed
Income taxes 20240 €71 t€ in 2020–2024
In business30 yrsregistered 1.10.1996
Trade Register1entries, latest: bankruptcy
StatusIn bankruptcysince 26.5.2026
Financials
RevenueOperating profitNet profit
| Key figures | 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 |
|---|---|---|---|---|
| Revenue | 237 t€ | 428 t€ | 362 t€ | 402 t€ |
| Revenue change | -44,6 % | 18,3 % | -10,1 % | – |
| EBITDA | 10 t€ | 27 t€ | -36 t€ | 77 t€ |
| EBITDA % | 4,3 % | 6,3 % | -10,0 % | 19,1 % |
| Operating profit | 10 t€ | 18 t€ | -37 t€ | 76 t€ |
| Operating margin | 4,3 % | 4,2 % | -10,1 % | 18,9 % |
| Net profit | 6 185 € | 14 t€ | -40 t€ | 60 t€ |
| Personnel costs | -78 t€ | 104 t€ | 146 t€ | 125 t€ |
| Equity ratio | 28,5 % | 21,1 % | 22,3 % | 63,5 % |
| Quick ratio | 1,77 | 1,05 | 1,72 | 1,36 |
| Current ratio | 2,48 | 1,36 | 2,69 | 3,02 |
| Debt to revenue | 45,3 % | 31,9 % | 22,1 % | 9,0 % |
| Return on equity | 14,4 % | 37,6 % | -176,3 % | 95,1 % |
| Balance sheet total | 150 t€ | 173 t€ | 103 t€ | 99 t€ |
| Equity | 43 t€ | 37 t€ | 23 t€ | 63 t€ |
| Cash and bank | 37 € | 599 € | 1 906 € | 3 714 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | |
|---|---|---|---|---|
| Turnover | 237 t€ | 428 t€ | 362 t€ | 402 t€ |
| Other operating income | 3 057 € | 1 400 € | 0 € | 6 500 € |
| Raw materials and services | 94 t€ | -216 t€ | -176 t€ | -139 t€ |
| Personnel expenses | 78 t€ | -104 t€ | -146 t€ | -125 t€ |
| Depreciations and reductions in value | 0 € | -8 981 € | -567 € | -756 € |
| Other operating expenses | 58 t€ | -83 t€ | -75 t€ | -68 t€ |
| Operating profit (loss) | 10 t€ | 18 t€ | -37 t€ | 76 t€ |
| Financial income and expenses + (-) | 3 961 € | -4 340 € | -3 750 € | -721 € |
| Profit (loss) before appropriations and taxes | 6 185 € | 14 t€ | -40 t€ | 75 t€ |
| Income taxes | – | – | 0 € | -15 t€ |
| Profit (loss) for the financial year | 6 185 € | 14 t€ | -40 t€ | 60 t€ |
Balance sheet
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | |
|---|---|---|---|---|
| Non-current assets | 0 € | 27 t€ | 1 702 € | 2 269 € |
| Stocks | 43 t€ | 34 t€ | 36 t€ | 53 t€ |
| Receivables | 107 t€ | 112 t€ | 63 t€ | 40 t€ |
| Cash in hand and at banks | 37 € | 599 € | 1 906 € | 3 714 € |
| Current assets | 150 t€ | 146 t€ | 101 t€ | 97 t€ |
| Assets | 150 t€ | 173 t€ | 103 t€ | 99 t€ |
| Share capital or other similar capital | 8 023 € | 8 023 € | 8 023 € | 8 023 € |
| Capital and reserves | 43 t€ | 37 t€ | 23 t€ | 63 t€ |
| Long-term liabilities | 47 t€ | 29 t€ | 42 t€ | 4 126 € |
| Short-term liabilities | 61 t€ | 108 t€ | 38 t€ | 32 t€ |
| Liabilities | 108 t€ | 137 t€ | 80 t€ | 36 t€ |
All financial statement items (48)
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | |
|---|---|---|---|---|
| Turnover | 237 t€ | 428 t€ | 362 t€ | 402 t€ |
| Other operating income | 3 057 € | 1 400 € | 0 € | 6 500 € |
| Raw materials and services | 94 t€ | -216 t€ | -176 t€ | -139 t€ |
| Personnel expenses | 78 t€ | -104 t€ | -146 t€ | -125 t€ |
| Depreciations and reductions in value | 0 € | -8 981 € | -567 € | -756 € |
| Other operating expenses | 58 t€ | -83 t€ | -75 t€ | -68 t€ |
| Operating profit (loss) | 10 t€ | 18 t€ | -37 t€ | 76 t€ |
| Financial income and expenses + (-) | 3 961 € | -4 340 € | -3 750 € | -721 € |
| Profit (loss) before appropriations and taxes | 6 185 € | 14 t€ | -40 t€ | 75 t€ |
| Income taxes | – | – | 0 € | -15 t€ |
| Profit (loss) for the financial year | 6 185 € | 14 t€ | -40 t€ | 60 t€ |
| Non-current assets | 0 € | 27 t€ | 1 702 € | 2 269 € |
| Stocks | 43 t€ | 34 t€ | 36 t€ | 53 t€ |
| Receivables | 107 t€ | 112 t€ | 63 t€ | 40 t€ |
| Cash in hand and at banks | 37 € | 599 € | 1 906 € | 3 714 € |
| Current assets | 150 t€ | 146 t€ | 101 t€ | 97 t€ |
| Assets | 150 t€ | 173 t€ | 103 t€ | 99 t€ |
| Share capital or other similar capital | 8 023 € | 8 023 € | 8 023 € | 8 023 € |
| Capital and reserves | 43 t€ | 37 t€ | 23 t€ | 63 t€ |
| Long-term liabilities | 47 t€ | 29 t€ | 42 t€ | 4 126 € |
| Short-term liabilities | 61 t€ | 108 t€ | 38 t€ | 32 t€ |
| Liabilities | 108 t€ | 137 t€ | 80 t€ | 36 t€ |
| Purchases during the financial year | 103 t€ | -202 t€ | -156 t€ | -120 t€ |
| Short-term receivables | 107 t€ | 112 t€ | 63 t€ | 40 t€ |
| Other short-term receivables | 272 € | 1 € | 2 € | 1 € |
| Current receivables from Group companies | 96 t€ | 63 t€ | 40 t€ | 3 500 € |
| Profit (loss) for the period, equity | 6 185 € | 14 t€ | -40 t€ | 60 t€ |
| Current receivables from participating interests | – | 7 438 € | 0 € | – |
| Tangible assets | 0 € | 27 t€ | 1 702 € | 2 269 € |
| Short-term accrued expenses and deferred income | 16 t€ | 25 t€ | 23 t€ | 12 t€ |
| Interest expenses and other financial expenses for non-Group companies | 4 458 € | -4 516 € | -3 874 € | -1 339 € |
| Long-term liabilities to credit institutions | 47 t€ | 29 t€ | 42 t€ | 4 126 € |
| Other social security expenses | 3 262 € | -3 052 € | -2 840 € | -558 € |
| Short-term sales receivables | 7 946 € | 40 t€ | 12 t€ | 24 t€ |
| Depreciations according to plan | 0 € | -8 981 € | -567 € | -756 € |
| Other current liabilities | 38 t€ | 49 t€ | 9 963 € | 14 t€ |
| Inventory increase (+) or decrease (-) | -9 225 € | -2 749 € | -17 t€ | -13 t€ |
| Short-term accounts payable | 6 567 € | 34 t€ | 4 767 € | 6 009 € |
| Retained earnings | 29 t€ | 15 t€ | 55 t€ | -4 919 € |
| Machinery and equipment | 0 € | 27 t€ | 1 702 € | 2 269 € |
| Wages and salaries | 63 t€ | -84 t€ | -123 t€ | -108 t€ |
| Other interest and financial income from non-group companies | 496 € | 176 € | 124 € | 618 € |
| Pension expenses | 12 t€ | -16 t€ | -21 t€ | -16 t€ |
| Materials and supplies | 43 t€ | 34 t€ | 36 t€ | 53 t€ |
| Services purchased | 404 € | -11 t€ | -2 932 € | -5 527 € |
| Liabilities | 150 t€ | 173 t€ | 103 t€ | 99 t€ |
| Short-term advances received | 0 € | 127 € | 0 € | – |
| Short-term prepayments and accrued income | 3 079 € | 2 370 € | 11 t€ | 12 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.
Trade Register events
- Bankruptcy
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