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Saunaholm Oy

Limited company, Vääksy. Manufacture of solid fuels from vegetable biomass.

Saunaholm Oy is a limited company based in Asikkala, registered in 1997. In the financial year ending 28.2.2026, revenue was 235 t€ and operating profit -3 134 €; equity ratio 84.1 %. It has won 1 public contracts in EU procurement notices.

Revenue 2026235 t€-23 % on the previous year
Operating profit-3 134 €-1,3 % of revenue
Net profit-7 181 €EBITDA -35 t€
Equity ratio84,1 %quick ratio 5,83
Taxable income 20240 € profit as taxed
Income taxes 20240 €23 t€ in 2020–2024
In business29 yrsregistered 25.6.1997
Contracts won128 t€ in total

Financials

242 t€251 t€303 t€235 t€235 t€5 295 €-7 095 €47 t€-3 134 €2 406 €-10 t€37 t€-7 181 €2023-022024-022025-022026-02
RevenueOperating profitNet profit
Key figures28.2.202628.2.202529.2.202428.2.2023
Revenue235 t€303 t€251 t€242 t€
Revenue change-22,6 %20,8 %3,5 %–
EBITDA-35 t€87 t€34 t€58 t€
EBITDA %-14,9 %28,6 %13,7 %23,8 %
Operating profit-3 134 €47 t€-7 095 €5 295 €
Operating margin-1,3 %15,5 %-2,8 %2,2 %
Net profit-7 181 €37 t€-10 t€2 406 €
Personnel costs-104 t€97 t€98 t€92 t€
Equity ratio84,1 %82,3 %79,4 %84,1 %
Quick ratio5,836,002,173,90
Current ratio6,266,622,504,62
Debt to revenue22,8 %20,7 %26,4 %22,5 %
Return on equity-2,5 %12,6 %-4,0 %0,8 %
Balance sheet total337 t€353 t€320 t€343 t€
Equity284 t€291 t€254 t€288 t€
Cash and bank135 t€117 t€57 t€50 t€

Balance sheet

343 t€320 t€353 t€337 t€337 t€288 t€254 t€291 t€284 t€50 t€57 t€117 t€135 t€2023-022024-022025-022026-02
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

28.2.202628.2.202529.2.202428.2.2023
Turnover235 t€303 t€251 t€242 t€
Other operating income3 600 €3 600 €3 600 €3 489 €
Raw materials and services53 t€-60 t€-52 t€-46 t€
Personnel expenses104 t€-97 t€-98 t€-92 t€
Depreciations and reductions in value32 t€-40 t€-42 t€-52 t€
Other operating expenses52 t€-64 t€-72 t€-58 t€
Operating profit (loss)-3 134 €47 t€-7 095 €5 295 €
Financial income and expenses + (-)4 047 €-3 830 €-2 946 €-2 889 €
Profit (loss) before appropriations and taxes-7 181 €43 t€-10 t€2 406 €
Income taxes0 €-6 557 €0 €–
Profit (loss) for the financial year-7 181 €37 t€-10 t€2 406 €

Balance sheet

28.2.202628.2.202529.2.202428.2.2023
Non-current assets178 t€204 t€212 t€247 t€
Stocks11 t€14 t€14 t€15 t€
Receivables13 t€18 t€37 t€30 t€
Cash in hand and at banks135 t€117 t€57 t€50 t€
Current assets159 t€150 t€108 t€96 t€
Assets337 t€353 t€320 t€343 t€
Share capital or other similar capital2 523 €2 523 €2 523 €2 523 €
Capital and reserves284 t€291 t€254 t€288 t€
Long-term liabilities28 t€40 t€23 t€34 t€
Short-term liabilities25 t€23 t€43 t€21 t€
Liabilities53 t€63 t€66 t€55 t€
All financial statement items (51)
28.2.202628.2.202529.2.202428.2.2023
Turnover235 t€303 t€251 t€242 t€
Other operating income3 600 €3 600 €3 600 €3 489 €
Raw materials and services53 t€-60 t€-52 t€-46 t€
Personnel expenses104 t€-97 t€-98 t€-92 t€
Depreciations and reductions in value32 t€-40 t€-42 t€-52 t€
Other operating expenses52 t€-64 t€-72 t€-58 t€
Operating profit (loss)-3 134 €47 t€-7 095 €5 295 €
Financial income and expenses + (-)4 047 €-3 830 €-2 946 €-2 889 €
Profit (loss) before appropriations and taxes-7 181 €43 t€-10 t€2 406 €
Income taxes0 €-6 557 €0 €–
Profit (loss) for the financial year-7 181 €37 t€-10 t€2 406 €
Non-current assets178 t€204 t€212 t€247 t€
Stocks11 t€14 t€14 t€15 t€
Receivables13 t€18 t€37 t€30 t€
Cash in hand and at banks135 t€117 t€57 t€50 t€
Current assets159 t€150 t€108 t€96 t€
Assets337 t€353 t€320 t€343 t€
Share capital or other similar capital2 523 €2 523 €2 523 €2 523 €
Capital and reserves284 t€291 t€254 t€288 t€
Long-term liabilities28 t€40 t€23 t€34 t€
Short-term liabilities25 t€23 t€43 t€21 t€
Liabilities53 t€63 t€66 t€55 t€
Pension expenses12 t€-12 t€-12 t€-11 t€
Depreciations according to plan32 t€-40 t€-42 t€-52 t€
Tangible assets178 t€204 t€212 t€247 t€
Retained earnings288 t€252 t€262 t€283 t€
Short-term receivables13 t€18 t€37 t€30 t€
Other current liabilities2 948 €1 403 €29 t€6 107 €
Short-term sales receivables5 857 €8 801 €8 549 €21 t€
Short-term prepayments and accrued income2 518 €3 716 €1 912 €6 079 €
Other interest and financial income from non-group companies48 €337 €1 €1 €
Interest expenses and other financial expenses for non-Group companies4 096 €-4 166 €-2 947 €-2 890 €
Short-term accounts payable6 171 €3 268 €1 506 €1 506 €
Land and water areas, Owned35 t€35 t€35 t€35 t€
Materials and supplies11 t€14 t€14 t€15 t€
Advance payments and construction in progress8 094 €8 094 €8 094 €8 094 €
Short-term accrued expenses and deferred income3 565 €522 €1 951 €2 801 €
Profit (loss) for the period, equity-7 181 €37 t€-10 t€2 406 €
Production for own use–0 €2 950 €6 900 €
Other social security expenses2 220 €-1 804 €-2 056 €-946 €
Purchases during the financial year14 t€-21 t€-20 t€-22 t€
Other short-term receivables4 752 €5 881 €27 t€3 637 €
Long-term liabilities to credit institutions28 t€40 t€23 t€34 t€
Services purchased37 t€-38 t€-32 t€-28 t€
Buildings and structures, Owned49 t€51 t€54 t€58 t€
Wages and salaries90 t€-83 t€-84 t€-80 t€
Liabilities337 t€353 t€320 t€343 t€
Inventory increase (+) or decrease (-)3 084 €-520 €-593 €3 876 €
Short-term advances received–0 €300 €0 €
Machinery and equipment87 t€110 t€115 t€147 t€
Short-term liabilities to credit institutions13 t€17 t€10 t€10 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

0 €0 €111 t€0 €0 €0 €20202021202220232024

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.

Public contracts won

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