Wulff Ekonomi Espoo Oy is a limited company based in Espoo, registered in 1997. In the financial year ending 31.12.2024, revenue was 1,5 M€ and operating profit 293 t€; equity ratio 2.4 %. Latest Trade Register entry: merger or demerger, 15.9.2026.
Revenue 20241,5 M€+14 % on the previous year
Operating profit293 t€20,1 % of revenue
Net profit2 544 €EBITDA 321 t€
Equity ratio2,4 %quick ratio 0,85
Taxable income 20240 €
profit as taxed
Income taxes 20240 €37 t€ in 2020–2024
In business29 yrsregistered 28.1.1997
Trade Register2entries, latest: merger or demerger
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 | 30.6.2022 | 30.6.2021 |
|---|---|---|---|---|---|
| Revenue | 1,5 M€ | 1,3 M€ | 531 t€ | 1,1 M€ | 1,1 M€ |
| Revenue change | 13,7 % | 140,8 % | -53,3 % | 0,9 % | – |
| EBITDA | 321 t€ | 288 t€ | 51 t€ | 146 t€ | 30 t€ |
| EBITDA % | 22,1 % | 22,5 % | 9,7 % | 12,8 % | 2,7 % |
| Operating profit | 293 t€ | 259 t€ | 50 t€ | 130 t€ | -2 074 € |
| Operating margin | 20,1 % | 20,3 % | 9,4 % | 11,5 % | -0,2 % |
| Net profit | 2 544 € | 49 € | 41 t€ | 105 t€ | -3 266 € |
| Personnel costs | 744 t€ | 658 t€ | 320 t€ | 696 t€ | 753 t€ |
| Equity ratio | 2,4 % | 2,1 % | 16,3 % | 47,7 % | 35,1 % |
| Quick ratio | 0,85 | 0,79 | 0,73 | 1,71 | 0,98 |
| Current ratio | 0,85 | 0,79 | 0,73 | 1,71 | 0,98 |
| Debt to revenue | 34,3 % | 34,2 % | 47,8 % | 21,0 % | 18,7 % |
| Return on equity | 21,2 % | 0,5 % | 82,5 % | 47,8 % | -2,9 % |
| Balance sheet total | 511 t€ | 447 t€ | 305 t€ | 458 t€ | 325 t€ |
| Equity | 12 t€ | 9 485 € | 49 t€ | 219 t€ | 114 t€ |
| Cash and bank | 273 t€ | 213 t€ | 84 t€ | 318 t€ | 60 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,5 M€ | 1,3 M€ | 531 t€ | 1,1 M€ | 1,1 M€ |
| Other operating income | 1 308 € | 7 324 € | 5 584 € | 7 854 € | 1 500 € |
| Raw materials and services | -151 t€ | -120 t€ | -55 t€ | -93 t€ | -88 t€ |
| Personnel expenses | -744 t€ | -658 t€ | -320 t€ | -696 t€ | -753 t€ |
| Depreciations and reductions in value | -28 t€ | -28 t€ | -1 433 € | -15 t€ | -32 t€ |
| Other operating expenses | -239 t€ | -221 t€ | -110 t€ | -210 t€ | -258 t€ |
| Operating profit (loss) | 293 t€ | 259 t€ | 50 t€ | 130 t€ | -2 074 € |
| Financial income and expenses + (-) | 1 709 € | 1 740 € | 1 019 € | 301 € | -1 191 € |
| Profit (loss) before appropriations and taxes | 295 t€ | 261 t€ | 51 t€ | 131 t€ | -3 266 € |
| Income taxes | 2 532 € | 0 € | -10 t€ | -26 t€ | 0 € |
| Profit (loss) for the financial year | 2 544 € | 49 € | 41 t€ | 105 t€ | -3 266 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 84 t€ | 101 t€ | 118 t€ | 49 t€ | 124 t€ |
| Receivables | 154 t€ | 132 t€ | 104 t€ | 91 t€ | 141 t€ |
| Cash in hand and at banks | 273 t€ | 213 t€ | 84 t€ | 318 t€ | 60 t€ |
| Current assets | 426 t€ | 346 t€ | 188 t€ | 409 t€ | 201 t€ |
| Assets | 511 t€ | 447 t€ | 305 t€ | 458 t€ | 325 t€ |
| Share capital or other similar capital | 5 046 € | 5 046 € | 5 046 € | 5 046 € | 5 046 € |
| Capital and reserves | 12 t€ | 9 485 € | 49 t€ | 219 t€ | 114 t€ |
| Long-term liabilities | – | – | – | 0 € | 4 634 € |
| Short-term liabilities | 499 t€ | 437 t€ | 256 t€ | 240 t€ | 206 t€ |
| Liabilities | 499 t€ | 437 t€ | 256 t€ | 240 t€ | 211 t€ |
All financial statement items (57)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,5 M€ | 1,3 M€ | 531 t€ | 1,1 M€ | 1,1 M€ |
| Other operating income | 1 308 € | 7 324 € | 5 584 € | 7 854 € | 1 500 € |
| Raw materials and services | -151 t€ | -120 t€ | -55 t€ | -93 t€ | -88 t€ |
| Personnel expenses | -744 t€ | -658 t€ | -320 t€ | -696 t€ | -753 t€ |
| Depreciations and reductions in value | -28 t€ | -28 t€ | -1 433 € | -15 t€ | -32 t€ |
| Other operating expenses | -239 t€ | -221 t€ | -110 t€ | -210 t€ | -258 t€ |
| Operating profit (loss) | 293 t€ | 259 t€ | 50 t€ | 130 t€ | -2 074 € |
| Financial income and expenses + (-) | 1 709 € | 1 740 € | 1 019 € | 301 € | -1 191 € |
| Profit (loss) before appropriations and taxes | 295 t€ | 261 t€ | 51 t€ | 131 t€ | -3 266 € |
| Income taxes | 2 532 € | 0 € | -10 t€ | -26 t€ | 0 € |
| Profit (loss) for the financial year | 2 544 € | 49 € | 41 t€ | 105 t€ | -3 266 € |
| Non-current assets | 84 t€ | 101 t€ | 118 t€ | 49 t€ | 124 t€ |
| Receivables | 154 t€ | 132 t€ | 104 t€ | 91 t€ | 141 t€ |
| Cash in hand and at banks | 273 t€ | 213 t€ | 84 t€ | 318 t€ | 60 t€ |
| Current assets | 426 t€ | 346 t€ | 188 t€ | 409 t€ | 201 t€ |
| Assets | 511 t€ | 447 t€ | 305 t€ | 458 t€ | 325 t€ |
| Share capital or other similar capital | 5 046 € | 5 046 € | 5 046 € | 5 046 € | 5 046 € |
| Capital and reserves | 12 t€ | 9 485 € | 49 t€ | 219 t€ | 114 t€ |
| Long-term liabilities | – | – | – | 0 € | 4 634 € |
| Short-term liabilities | 499 t€ | 437 t€ | 256 t€ | 240 t€ | 206 t€ |
| Liabilities | 499 t€ | 437 t€ | 256 t€ | 240 t€ | 211 t€ |
| Other current liabilities | 53 t€ | 50 t€ | 43 t€ | 45 t€ | 54 t€ |
| Wages and salaries | -623 t€ | -547 t€ | -265 t€ | -582 t€ | -635 t€ |
| Short-term advances received | – | 0 € | 2 072 € | 372 € | 0 € |
| Long-term loan receivables | – | – | – | 0 € | 5 900 € |
| Pension expenses | -110 t€ | -97 t€ | -49 t€ | -109 t€ | -103 t€ |
| Short-term liabilities to Group companies | 307 t€ | 262 t€ | 69 t€ | 32 t€ | 0 € |
| Intangible assets | 49 t€ | 60 t€ | 68 t€ | 272 € | 363 € |
| Tangible assets | 35 t€ | 42 t€ | 50 t€ | 49 t€ | 118 t€ |
| Shares and similar rights of ownership in subsidiaries | – | – | – | 0 € | 4 064 € |
| Depreciations according to plan | -28 t€ | -28 t€ | -1 433 € | -15 t€ | -32 t€ |
| Liabilities | 511 t€ | 447 t€ | 305 t€ | 458 t€ | 325 t€ |
| Other short-term receivables | – | – | – | 0 € | 680 € |
| Current receivables from Group companies | 27 t€ | 28 t€ | 4 692 € | 4 995 € | 0 € |
| Investments | – | – | – | 0 € | 5 773 € |
| Other social security expenses | -11 t€ | -14 t€ | -6 060 € | -5 466 € | -15 t€ |
| Goodwill | 40 t€ | 54 t€ | 67 t€ | 0 € | – |
| Other intangible assets | 9 292 € | 5 842 € | 272 € | 272 € | 363 € |
| Other long-term receivables | 0 € | 2 065 € | 2 065 € | 0 € | – |
| Group contribution | -295 t€ | -261 t€ | 0 € | – | – |
| Profit (loss) for the period, equity | 2 544 € | 49 € | 41 t€ | 105 t€ | -3 266 € |
| Other long-term liabilities | – | – | – | 0 € | 4 634 € |
| Services purchased | -24 t€ | 0 € | – | 0 € | -650 € |
| Retained earnings | 4 439 € | 4 390 € | 3 604 € | 109 t€ | 112 t€ |
| Purchases during the financial year | -127 t€ | -120 t€ | -55 t€ | -93 t€ | -87 t€ |
| Other tangible assets | 10 t€ | 15 t€ | 20 t€ | 20 t€ | 38 t€ |
| Short-term prepayments and accrued income | 8 699 € | 6 403 € | 11 t€ | 8 085 € | 30 t€ |
| Long-term receivables | 0 € | 2 065 € | 2 065 € | 0 € | 5 900 € |
| Other interest and financial income from non-group companies | 1 795 € | 1 845 € | 1 143 € | 1 923 € | 2 150 € |
| Other shares and similar rights of ownership | – | – | – | 0 € | 1 709 € |
| Short-term accrued expenses and deferred income | 123 t€ | 107 t€ | 99 t€ | 137 t€ | 67 t€ |
| Short-term sales receivables | 118 t€ | 96 t€ | 86 t€ | 78 t€ | 73 t€ |
| Short-term receivables | 154 t€ | 130 t€ | 102 t€ | 91 t€ | 135 t€ |
| Short-term loan receivables | – | – | – | 0 € | 31 t€ |
| Interest expenses and other financial expenses for non-Group companies | -86 € | -105 € | -124 € | -1 622 € | -3 342 € |
| Machinery and equipment | 25 t€ | 27 t€ | 30 t€ | 29 t€ | 80 t€ |
| Short-term accounts payable | 16 t€ | 18 t€ | 43 t€ | 25 t€ | 85 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
- Merger or demerger
- Change of CEO
Free monthly list: Espoo
Once a month by email: new leads in this municipality and its neighbours, the month's figures and the full list. No charge, no commitment, cancel any time.
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