Express Kiito Oy is a limited company based in Oulu, registered in 1995. The company has been in bankruptcy since 21.5.2026. In the financial year ending 31.12.2024, revenue was 118 t€ and operating profit -6 095 €; equity ratio 48.1 %. Public buyers bought 218 € from it in 2022–2025; the largest buyer is Opetushallitus (Opetus- ja kulttuuriministeriön hallinnonala). Latest Trade Register entry: bankruptcy, 22.5.2026.
Financials
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Revenue | 118 t€ | 144 t€ | 139 t€ |
| Revenue change | -18,2 % | 3,3 % | – |
| EBITDA | -4 128 € | 1 401 € | 12 t€ |
| EBITDA % | -3,5 % | 1,0 % | 8,7 % |
| Operating profit | -6 095 € | -1 221 € | 8 628 € |
| Operating margin | -5,2 % | -0,8 % | 6,2 % |
| Net profit | -7 705 € | -2 252 € | 4 473 € |
| Personnel costs | 89 t€ | 102 t€ | 100 t€ |
| Equity ratio | 48,1 % | 63,6 % | 74,5 % |
| Quick ratio | 1,51 | 2,02 | 2,60 |
| Current ratio | 1,51 | 2,02 | 2,60 |
| Debt to revenue | 33,5 % | 17,6 % | 11,5 % |
| Return on equity | -21,1 % | -5,1 % | 9,6 % |
| Balance sheet total | 76 t€ | 70 t€ | 62 t€ |
| Equity | 37 t€ | 44 t€ | 47 t€ |
| Cash and bank | 15 t€ | 14 t€ | 3 956 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 118 t€ | 144 t€ | 139 t€ |
| Other operating income | 4 200 € | 0 € | 11 t€ |
| Raw materials and services | -15 t€ | -16 t€ | -18 t€ |
| Personnel expenses | -89 t€ | -102 t€ | -100 t€ |
| Depreciations and reductions in value | -1 967 € | -2 622 € | -3 496 € |
| Other operating expenses | -22 t€ | -24 t€ | -20 t€ |
| Operating profit (loss) | -6 095 € | -1 221 € | 8 628 € |
| Financial income and expenses + (-) | -1 610 € | -1 031 € | -1 948 € |
| Profit (loss) before appropriations and taxes | -7 705 € | -2 252 € | 6 680 € |
| Income taxes | – | 0 € | -2 207 € |
| Profit (loss) for the financial year | -7 705 € | -2 252 € | 4 473 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Non-current assets | 16 t€ | 18 t€ | 21 t€ |
| Receivables | 45 t€ | 37 t€ | 37 t€ |
| Cash in hand and at banks | 15 t€ | 14 t€ | 3 956 € |
| Current assets | 60 t€ | 51 t€ | 41 t€ |
| Assets | 76 t€ | 70 t€ | 62 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 37 t€ | 44 t€ | 47 t€ |
| Short-term liabilities | 39 t€ | 25 t€ | 16 t€ |
| Liabilities | 39 t€ | 25 t€ | 16 t€ |
All financial statement items (41)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 118 t€ | 144 t€ | 139 t€ |
| Other operating income | 4 200 € | 0 € | 11 t€ |
| Raw materials and services | -15 t€ | -16 t€ | -18 t€ |
| Personnel expenses | -89 t€ | -102 t€ | -100 t€ |
| Depreciations and reductions in value | -1 967 € | -2 622 € | -3 496 € |
| Other operating expenses | -22 t€ | -24 t€ | -20 t€ |
| Operating profit (loss) | -6 095 € | -1 221 € | 8 628 € |
| Financial income and expenses + (-) | -1 610 € | -1 031 € | -1 948 € |
| Profit (loss) before appropriations and taxes | -7 705 € | -2 252 € | 6 680 € |
| Income taxes | – | 0 € | -2 207 € |
| Profit (loss) for the financial year | -7 705 € | -2 252 € | 4 473 € |
| Non-current assets | 16 t€ | 18 t€ | 21 t€ |
| Receivables | 45 t€ | 37 t€ | 37 t€ |
| Cash in hand and at banks | 15 t€ | 14 t€ | 3 956 € |
| Current assets | 60 t€ | 51 t€ | 41 t€ |
| Assets | 76 t€ | 70 t€ | 62 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 37 t€ | 44 t€ | 47 t€ |
| Short-term liabilities | 39 t€ | 25 t€ | 16 t€ |
| Liabilities | 39 t€ | 25 t€ | 16 t€ |
| Other social security expenses | -1 382 € | -2 697 € | -2 665 € |
| Short-term accrued expenses and deferred income | 692 € | 692 € | 692 € |
| Tangible assets | 5 900 € | 7 866 € | 10 t€ |
| Pension expenses | -2 147 € | -5 461 € | -9 171 € |
| Liabilities | 76 t€ | 70 t€ | 62 t€ |
| Machinery and equipment | 5 900 € | 7 866 € | 10 t€ |
| Short-term loan receivables | 16 t€ | 16 t€ | 17 t€ |
| Wages and salaries | -86 t€ | -94 t€ | -88 t€ |
| Other short-term receivables | 160 € | 160 € | 3 457 € |
| Short-term prepayments and accrued income | 0 € | 3 279 € | 1 874 € |
| Purchases during the financial year | -15 t€ | -16 t€ | -18 t€ |
| Investments | 10 t€ | 10 t€ | 10 t€ |
| Short-term sales receivables | 29 t€ | 18 t€ | 15 t€ |
| Other shares and similar rights of ownership | 10 t€ | 10 t€ | 10 t€ |
| Profit (loss) for the period, equity | -7 705 € | -2 252 € | 4 473 € |
| Other current liabilities | 31 t€ | 17 t€ | 11 t€ |
| Interest expenses and other financial expenses for non-Group companies | -1 610 € | -1 031 € | -1 948 € |
| Retained earnings | 42 t€ | 44 t€ | 40 t€ |
| Short-term accounts payable | 7 569 € | 8 083 € | 4 200 € |
| Depreciations according to plan | -1 967 € | -2 622 € | -3 496 € |
| Short-term receivables | 45 t€ | 37 t€ | 37 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.
Sales to public buyers
Largest buyers
Trade Register events
- Bankruptcy
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