MH Rinne Oy is a limited company based in Rovaniemi, registered in 1996. In the financial year ending 31.10.2025, revenue was 10,0 M€ and operating profit 220 t€; equity ratio 36.4 %. Its taxable income in 2024 was 266 t€ and its income taxes 54 t€. It holds 1 alcohol licences. Latest Trade Register entry: line of business changed, 31.10.2025.
Revenue 202510,0 M€+0 % on the previous year
Operating profit220 t€2,2 % of revenue
Net profit174 t€EBITDA 87 t€
Equity ratio36,4 %quick ratio 0,19
Taxable income 2024266 t€
top quarter of its industry
Income taxes 202454 t€133 t€ in 2020–2024
In business29 yrsregistered 31.12.1996
Alcohol licences1latest 9.6.2016
Trade Register1entries, latest: line of business changed
Financials
RevenueOperating profitNet profit
| Key figures | 31.10.2025 | 30.11.2024 | 30.11.2023 |
|---|---|---|---|
| Revenue | 10,0 M€ | 10,0 M€ | 10,2 M€ |
| Revenue change | 0,2 % | -2,6 % | – |
| EBITDA | 87 t€ | 385 t€ | 321 t€ |
| EBITDA % | 0,9 % | 3,9 % | 3,1 % |
| Operating profit | 220 t€ | 263 t€ | 161 t€ |
| Operating margin | 2,2 % | 2,6 % | 1,6 % |
| Net profit | 174 t€ | 212 t€ | 126 t€ |
| Personnel costs | -786 t€ | 802 t€ | 798 t€ |
| Equity ratio | 36,4 % | 43,8 % | 38,1 % |
| Quick ratio | 0,19 | 0,60 | 0,42 |
| Current ratio | 0,67 | 1,19 | 0,99 |
| Debt to revenue | 20,8 % | 8,5 % | 7,8 % |
| Return on equity | 14,6 % | 32,2 % | 26,0 % |
| Balance sheet total | 3,3 M€ | 1,5 M€ | 1,3 M€ |
| Equity | 1,2 M€ | 659 t€ | 486 t€ |
| Cash and bank | 49 t€ | 162 t€ | 80 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.10.2025 | 30.11.2024 | 30.11.2023 | |
|---|---|---|---|
| Turnover | 10,0 M€ | 10,0 M€ | 10,2 M€ |
| Other operating income | 23 t€ | 9 206 € | 54 t€ |
| Raw materials and services | 7,5 M€ | -7,4 M€ | -7,8 M€ |
| Personnel expenses | 786 t€ | -802 t€ | -798 t€ |
| Depreciations and reductions in value | 133 t€ | -122 t€ | -160 t€ |
| Other operating expenses | 1,3 M€ | -1,4 M€ | -1,4 M€ |
| Operating profit (loss) | 220 t€ | 263 t€ | 161 t€ |
| Financial income and expenses + (-) | 2 493 € | -115 € | -2 698 € |
| Profit (loss) before appropriations and taxes | 218 t€ | 262 t€ | 158 t€ |
| Income taxes | 44 t€ | -53 t€ | -29 t€ |
| Profit (loss) for the financial year | 174 t€ | 212 t€ | 126 t€ |
Balance sheet
| 31.10.2025 | 30.11.2024 | 30.11.2023 | |
|---|---|---|---|
| Non-current assets | 2,5 M€ | 586 t€ | 589 t€ |
| Stocks | 518 t€ | 459 t€ | 397 t€ |
| Receivables | 158 t€ | 298 t€ | 217 t€ |
| Cash in hand and at banks | 49 t€ | 162 t€ | 80 t€ |
| Current assets | 725 t€ | 919 t€ | 694 t€ |
| Assets | 3,3 M€ | 1,5 M€ | 1,3 M€ |
| Share capital or other similar capital | 40 t€ | 40 t€ | 40 t€ |
| Capital and reserves | 1,2 M€ | 659 t€ | 486 t€ |
| Appropriations | – | 0 € | 2 612 € |
| Long-term liabilities | 999 t€ | 76 t€ | 91 t€ |
| Short-term liabilities | 1,1 M€ | 770 t€ | 704 t€ |
| Liabilities | 2,1 M€ | 847 t€ | 795 t€ |
All financial statement items (62)
| 31.10.2025 | 30.11.2024 | 30.11.2023 | |
|---|---|---|---|
| Turnover | 10,0 M€ | 10,0 M€ | 10,2 M€ |
| Other operating income | 23 t€ | 9 206 € | 54 t€ |
| Raw materials and services | 7,5 M€ | -7,4 M€ | -7,8 M€ |
| Personnel expenses | 786 t€ | -802 t€ | -798 t€ |
| Depreciations and reductions in value | 133 t€ | -122 t€ | -160 t€ |
| Other operating expenses | 1,3 M€ | -1,4 M€ | -1,4 M€ |
| Operating profit (loss) | 220 t€ | 263 t€ | 161 t€ |
| Financial income and expenses + (-) | 2 493 € | -115 € | -2 698 € |
| Profit (loss) before appropriations and taxes | 218 t€ | 262 t€ | 158 t€ |
| Income taxes | 44 t€ | -53 t€ | -29 t€ |
| Profit (loss) for the financial year | 174 t€ | 212 t€ | 126 t€ |
| Non-current assets | 2,5 M€ | 586 t€ | 589 t€ |
| Stocks | 518 t€ | 459 t€ | 397 t€ |
| Receivables | 158 t€ | 298 t€ | 217 t€ |
| Cash in hand and at banks | 49 t€ | 162 t€ | 80 t€ |
| Current assets | 725 t€ | 919 t€ | 694 t€ |
| Assets | 3,3 M€ | 1,5 M€ | 1,3 M€ |
| Share capital or other similar capital | 40 t€ | 40 t€ | 40 t€ |
| Capital and reserves | 1,2 M€ | 659 t€ | 486 t€ |
| Appropriations | – | 0 € | 2 612 € |
| Long-term liabilities | 999 t€ | 76 t€ | 91 t€ |
| Short-term liabilities | 1,1 M€ | 770 t€ | 704 t€ |
| Liabilities | 2,1 M€ | 847 t€ | 795 t€ |
| Buildings and structures, Owned | 1,1 M€ | 87 t€ | 93 t€ |
| Purchases during the financial year | 7,5 M€ | -7,4 M€ | -7,7 M€ |
| Short-term receivables | 158 t€ | 298 t€ | 217 t€ |
| Other short-term receivables | 16 t€ | 8 727 € | 0 € |
| Profit (loss) for the period, equity | 174 t€ | 212 t€ | 126 t€ |
| Short-term loan receivables | 14 t€ | 172 t€ | 0 € |
| Tangible assets | 2,4 M€ | 448 t€ | 450 t€ |
| Other long-term liabilities | 49 t€ | 0 € | – |
| Short-term accrued expenses and deferred income | 232 t€ | 237 t€ | 180 t€ |
| Interest expenses and other financial expenses for non-Group companies | 7 936 € | -9 004 € | -14 t€ |
| Long-term liabilities to credit institutions | 930 t€ | 0 € | – |
| Other shares and similar rights of ownership | 135 t€ | 135 t€ | 135 t€ |
| Increase (decrease) in deprecation difference | 0 € | 2 612 € | -2 612 € |
| Other social security expenses | 20 t€ | -21 t€ | -26 t€ |
| Short-term sales receivables | 98 t€ | 113 t€ | 146 t€ |
| Income from other investments under non-current assets, from other companies | 5 440 € | 8 882 € | 11 t€ |
| Depreciations according to plan | 133 t€ | -122 t€ | -160 t€ |
| Reserve for invested non-restricted equity | 483 t€ | 0 € | – |
| Other current liabilities | 77 t€ | 42 t€ | 40 t€ |
| Inventory increase (+) or decrease (-) | -58 t€ | 62 t€ | -43 t€ |
| Short-term accounts payable | 572 t€ | 490 t€ | 398 t€ |
| Depreciation difference | – | 0 € | 2 612 € |
| Retained earnings | 488 t€ | 406 t€ | 319 t€ |
| Machinery and equipment | 510 t€ | 352 t€ | 349 t€ |
| Wages and salaries | 645 t€ | -661 t€ | -653 t€ |
| Short-term liabilities to participating interests | 9 087 € | 2 105 € | 0 € |
| Other interest and financial income from non-group companies | 4 € | 6 € | 3 € |
| Land and water areas, Owned | 789 t€ | 8 808 € | 8 808 € |
| Other intangible assets | 1 609 € | 2 970 € | 4 455 € |
| Short-term liabilities to credit institutions | 187 t€ | 0 € | 85 t€ |
| Intangible assets | 1 609 € | 2 970 € | 4 455 € |
| Investments | 135 t€ | 135 t€ | 135 t€ |
| Pension expenses | 122 t€ | -120 t€ | -119 t€ |
| Services purchased | 65 t€ | -31 t€ | -41 t€ |
| Liabilities | 3,3 M€ | 1,5 M€ | 1,3 M€ |
| Short-term advances received | 4 450 € | 0 € | – |
| Short-term prepayments and accrued income | 30 t€ | 4 270 € | 72 t€ |
| Long-term accounts payable | 20 t€ | 76 t€ | 91 t€ |
| Finished products | 518 t€ | 459 t€ | 397 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
Measured by taxable income, MH Rinne Oy is in the top quarter of the industry class non-specialised retail sale of predominately food, beverages or tobacco (763 companies with taxable income; median 94 t€, 2,8 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.
Trade Register events
- Line of business changed
Alcohol licences
- K-supermarket OunasvaaraOunasvaarantie 15Vähittäismyynti
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