Willys Boats Ab is a limited company based in Pietarsaari, registered in 1996. In the financial year ending 31.12.2025, operating profit 68 t€. Its taxable income in 2024 was 294 t€ and its income taxes 60 t€.
Gross profit 2025581 t€-24 % on the previous year
Operating profit68 t€
Net profit50 t€EBITDA 56 t€
Taxable income 2024294 t€
top 10 % of its industry
Income taxes 202460 t€119 t€ in 2021–2024
In business30 yrsregistered 9.10.1996
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 | – | – | 622 t€ | 911 t€ | 596 t€ | 429 t€ |
| Revenue change | -24,3 % | 80,2 % | -31,7 % | 52,8 % | 38,9 % | – |
| Gross profit | 581 t€ | 768 t€ | 426 t€ | – | – | – |
| EBITDA | 56 t€ | 311 t€ | 20 t€ | 244 t€ | 75 t€ | 122 t€ |
| EBITDA % | – | – | 3,2 % | 26,8 % | 12,6 % | 28,4 % |
| Operating profit | 68 t€ | 301 t€ | 9 471 € | 232 t€ | 68 t€ | 116 t€ |
| Operating margin | – | – | 1,5 % | 25,5 % | 11,5 % | 27,1 % |
| Net profit | 50 t€ | 235 t€ | 793 € | 181 t€ | 47 t€ | 112 t€ |
| Personnel costs | -366 t€ | 303 t€ | 310 t€ | 351 t€ | 347 t€ | 208 t€ |
| Equity ratio | – | – | 37,6 % | 37,4 % | 10,5 % | 4,0 % |
| Quick ratio | – | – | 0,18 | 0,57 | 0,20 | 0,27 |
| Current ratio | – | – | 0,91 | 1,05 | 0,59 | 0,83 |
| Debt to revenue | – | – | 57,0 % | 42,5 % | 72,3 % | 18,8 % |
| Return on equity | – | – | 0,4 % | 78,1 % | 93,3 % | 3319,4 % |
| Balance sheet total | 738 t€ | 757 t€ | 569 t€ | 618 t€ | 482 t€ | 84 t€ |
| Equity | – | – | 214 t€ | 232 t€ | 51 t€ | 3 368 € |
| Cash and bank | 94 t€ | 96 t€ | 0 € | 37 t€ | 46 t€ | 16 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 | – | – | 622 t€ | 911 t€ | 596 t€ | 429 t€ |
| Gross profit or loss | 581 t€ | 768 t€ | 426 t€ | – | – | – |
| Raw materials and services | – | – | -196 t€ | -208 t€ | -95 t€ | -33 t€ |
| Personnel expenses | 366 t€ | -303 t€ | -310 t€ | -351 t€ | -347 t€ | -208 t€ |
| Depreciations and reductions in value | 11 t€ | -10 t€ | -10 t€ | -12 t€ | -6 983 € | -5 808 € |
| Other operating expenses | 136 t€ | -154 t€ | -96 t€ | -108 t€ | -79 t€ | -67 t€ |
| Operating profit (loss) | 68 t€ | 301 t€ | 9 471 € | 232 t€ | 68 t€ | 116 t€ |
| Financial income and expenses + (-) | 5 089 € | -7 016 € | -7 401 € | -6 418 € | -6 613 € | -1 865 € |
| Profit (loss) before appropriations and taxes | 62 t€ | 294 t€ | 2 070 € | 225 t€ | 62 t€ | 114 t€ |
| Income taxes | – | – | -1 277 € | -44 t€ | -14 t€ | -24 t€ |
| Profit (loss) for the financial year | 50 t€ | 235 t€ | 793 € | 181 t€ | 47 t€ | 112 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | – | – | 377 t€ | 387 t€ | 341 t€ | 27 t€ |
| Stocks | 250 t€ | 160 t€ | 155 t€ | 105 t€ | 94 t€ | 38 t€ |
| Receivables | 25 t€ | 130 t€ | 37 t€ | 89 t€ | 523 € | 2 878 € |
| Cash in hand and at banks | 94 t€ | 96 t€ | 0 € | 37 t€ | 46 t€ | 16 t€ |
| Current assets | – | – | 192 t€ | 231 t€ | 141 t€ | 57 t€ |
| Assets | 738 t€ | 757 t€ | 569 t€ | 618 t€ | 482 t€ | 84 t€ |
| Capital and reserves | – | – | 214 t€ | 232 t€ | 51 t€ | 3 368 € |
| Long-term liabilities | – | – | 145 t€ | 167 t€ | 194 t€ | 12 t€ |
| Short-term liabilities | – | – | 210 t€ | 220 t€ | 238 t€ | 69 t€ |
| Liabilities | – | – | 355 t€ | 387 t€ | 431 t€ | 81 t€ |
All financial statement items (51)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | – | – | 622 t€ | 911 t€ | 596 t€ | 429 t€ |
| Gross profit or loss | 581 t€ | 768 t€ | 426 t€ | – | – | – |
| Raw materials and services | – | – | -196 t€ | -208 t€ | -95 t€ | -33 t€ |
| Personnel expenses | 366 t€ | -303 t€ | -310 t€ | -351 t€ | -347 t€ | -208 t€ |
| Depreciations and reductions in value | 11 t€ | -10 t€ | -10 t€ | -12 t€ | -6 983 € | -5 808 € |
| Other operating expenses | 136 t€ | -154 t€ | -96 t€ | -108 t€ | -79 t€ | -67 t€ |
| Operating profit (loss) | 68 t€ | 301 t€ | 9 471 € | 232 t€ | 68 t€ | 116 t€ |
| Financial income and expenses + (-) | 5 089 € | -7 016 € | -7 401 € | -6 418 € | -6 613 € | -1 865 € |
| Profit (loss) before appropriations and taxes | 62 t€ | 294 t€ | 2 070 € | 225 t€ | 62 t€ | 114 t€ |
| Income taxes | – | – | -1 277 € | -44 t€ | -14 t€ | -24 t€ |
| Profit (loss) for the financial year | 50 t€ | 235 t€ | 793 € | 181 t€ | 47 t€ | 112 t€ |
| Non-current assets | – | – | 377 t€ | 387 t€ | 341 t€ | 27 t€ |
| Stocks | 250 t€ | 160 t€ | 155 t€ | 105 t€ | 94 t€ | 38 t€ |
| Receivables | 25 t€ | 130 t€ | 37 t€ | 89 t€ | 523 € | 2 878 € |
| Cash in hand and at banks | 94 t€ | 96 t€ | 0 € | 37 t€ | 46 t€ | 16 t€ |
| Current assets | – | – | 192 t€ | 231 t€ | 141 t€ | 57 t€ |
| Assets | 738 t€ | 757 t€ | 569 t€ | 618 t€ | 482 t€ | 84 t€ |
| Capital and reserves | – | – | 214 t€ | 232 t€ | 51 t€ | 3 368 € |
| Long-term liabilities | – | – | 145 t€ | 167 t€ | 194 t€ | 12 t€ |
| Short-term liabilities | – | – | 210 t€ | 220 t€ | 238 t€ | 69 t€ |
| Liabilities | – | – | 355 t€ | 387 t€ | 431 t€ | 81 t€ |
| Long-term liabilities to credit institutions | – | – | 145 t€ | 167 t€ | 194 t€ | 12 t€ |
| Other current liabilities | – | – | 104 t€ | 91 t€ | 127 t€ | 18 t€ |
| Direct taxes | 12 t€ | -59 t€ | -1 277 € | – | – | – |
| Wages and salaries | – | – | -258 t€ | -275 t€ | -276 t€ | -159 t€ |
| Inventory increase (+) or decrease (-) | – | – | 50 t€ | 11 t€ | 56 t€ | -8 000 € |
| Pension expenses | – | – | -35 t€ | -58 t€ | -50 t€ | -39 t€ |
| Tangible assets | 18 t€ | 15 t€ | 16 t€ | 21 t€ | 21 t€ | 27 t€ |
| Intangible assets | 31 t€ | 36 t€ | 41 t€ | 46 t€ | – | – |
| Increase (decrease) in deprecation difference | – | – | – | – | 0 € | 21 t€ |
| Depreciations according to plan | – | – | -10 t€ | -12 t€ | -6 983 € | -5 808 € |
| Liabilities | 738 t€ | 757 t€ | 569 t€ | 618 t€ | 482 t€ | 84 t€ |
| Other short-term receivables | – | – | – | – | 27 € | 2 382 € |
| Investments | 320 t€ | 320 t€ | 320 t€ | 320 t€ | 320 t€ | 0 € |
| Other social security expenses | – | – | -16 t€ | -17 t€ | -22 t€ | -9 659 € |
| Materials and supplies | – | – | 155 t€ | 105 t€ | 94 t€ | 38 t€ |
| Other intangible assets | – | – | 41 t€ | 46 t€ | – | – |
| Profit (loss) for the period, equity | – | – | 793 € | 181 t€ | 47 t€ | 112 t€ |
| Services purchased | – | – | -11 t€ | -4 012 € | -14 t€ | -494 € |
| Retained earnings | – | – | 213 t€ | 51 t€ | 3 368 € | -12 t€ |
| Short-term liabilities to credit institutions | – | – | 46 t€ | 27 t€ | 29 t€ | 15 t€ |
| Purchases during the financial year | – | – | -235 t€ | -215 t€ | -137 t€ | -24 t€ |
| Short-term prepayments and accrued income | – | – | 511 € | 3 591 € | 497 € | 497 € |
| Other interest and financial income from non-group companies | – | – | 12 € | 1 € | 0 € | 4 € |
| Other shares and similar rights of ownership | – | – | 320 t€ | 320 t€ | 320 t€ | 0 € |
| Short-term accrued expenses and deferred income | – | – | 58 t€ | 75 t€ | 54 t€ | 30 t€ |
| Short-term sales receivables | – | – | 37 t€ | 86 t€ | – | – |
| Short-term receivables | – | – | 37 t€ | 89 t€ | 523 € | 2 878 € |
| Interest expenses and other financial expenses for non-Group companies | – | – | -7 413 € | -6 418 € | -6 613 € | -1 869 € |
| Machinery and equipment | – | – | 16 t€ | 21 t€ | 21 t€ | 27 t€ |
| Short-term accounts payable | – | – | 1 514 € | 26 t€ | 27 t€ | 4 731 € |
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, Willys Boats Ab is in the top 10 % of the industry class building of pleasure and sporting boats (53 companies with taxable income; median 25 t€, 12 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.
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