Latvatek Oy is a limited company based in Vantaa, registered in 1997. In the financial year ending 30.9.2025, revenue was 480 t€ and operating profit 118 t€; equity ratio 83.4 %. Its taxable income in 2024 was 137 t€ and its income taxes 28 t€. Public buyers bought 28 t€ from it in 2022–2025; the largest buyer is Kaupunkiympäristön Toimiala, Helsinki (Helsinki).
Financials
| Key figures | 30.9.2025 | 30.9.2024 | 30.9.2023 |
|---|---|---|---|
| Revenue | 480 t€ | 503 t€ | 428 t€ |
| Revenue change | -4,5 % | 17,4 % | – |
| EBITDA | 111 t€ | 136 t€ | 123 t€ |
| EBITDA % | 23,0 % | 27,1 % | 28,8 % |
| Operating profit | 118 t€ | 122 t€ | 96 t€ |
| Operating margin | 24,7 % | 24,2 % | 22,4 % |
| Net profit | 96 t€ | 110 t€ | 78 t€ |
| Personnel costs | -75 t€ | 84 t€ | 73 t€ |
| Equity ratio | 83,4 % | 84,4 % | 89,2 % |
| Quick ratio | 4,91 | 4,94 | 6,00 |
| Current ratio | 4,95 | 5,02 | 6,22 |
| Debt to revenue | 20,5 % | 16,4 % | 9,9 % |
| Return on equity | 19,4 % | 24,8 % | 22,4 % |
| Balance sheet total | 592 t€ | 527 t€ | 392 t€ |
| Equity | 493 t€ | 445 t€ | 350 t€ |
| Cash and bank | 299 t€ | 244 t€ | 152 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 30.9.2025 | 30.9.2024 | 30.9.2023 | |
|---|---|---|---|
| Turnover | 480 t€ | 503 t€ | 428 t€ |
| Other operating income | – | 0 € | 20 t€ |
| Raw materials and services | 237 t€ | -235 t€ | -210 t€ |
| Personnel expenses | 75 t€ | -84 t€ | -73 t€ |
| Depreciations and reductions in value | 7 818 € | -14 t€ | -27 t€ |
| Other operating expenses | 42 t€ | -48 t€ | -42 t€ |
| Operating profit (loss) | 118 t€ | 122 t€ | 96 t€ |
| Financial income and expenses + (-) | -2 497 € | 15 t€ | 2 343 € |
| Profit (loss) before appropriations and taxes | 121 t€ | 136 t€ | 98 t€ |
| Income taxes | 25 t€ | -26 t€ | -20 t€ |
| Profit (loss) for the financial year | 96 t€ | 110 t€ | 78 t€ |
Balance sheet
| 30.9.2025 | 30.9.2024 | 30.9.2023 | |
|---|---|---|---|
| Non-current assets | 106 t€ | 113 t€ | 128 t€ |
| Stocks | 3 801 € | 6 311 € | 9 599 € |
| Receivables | 47 t€ | 52 t€ | 31 t€ |
| Cash in hand and at banks | 299 t€ | 244 t€ | 152 t€ |
| Current assets | 486 t€ | 414 t€ | 264 t€ |
| Assets | 592 t€ | 527 t€ | 392 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 493 t€ | 445 t€ | 350 t€ |
| Short-term liabilities | 98 t€ | 82 t€ | 42 t€ |
| Liabilities | 98 t€ | 82 t€ | 42 t€ |
All financial statement items (49)
| 30.9.2025 | 30.9.2024 | 30.9.2023 | |
|---|---|---|---|
| Turnover | 480 t€ | 503 t€ | 428 t€ |
| Other operating income | – | 0 € | 20 t€ |
| Raw materials and services | 237 t€ | -235 t€ | -210 t€ |
| Personnel expenses | 75 t€ | -84 t€ | -73 t€ |
| Depreciations and reductions in value | 7 818 € | -14 t€ | -27 t€ |
| Other operating expenses | 42 t€ | -48 t€ | -42 t€ |
| Operating profit (loss) | 118 t€ | 122 t€ | 96 t€ |
| Financial income and expenses + (-) | -2 497 € | 15 t€ | 2 343 € |
| Profit (loss) before appropriations and taxes | 121 t€ | 136 t€ | 98 t€ |
| Income taxes | 25 t€ | -26 t€ | -20 t€ |
| Profit (loss) for the financial year | 96 t€ | 110 t€ | 78 t€ |
| Non-current assets | 106 t€ | 113 t€ | 128 t€ |
| Stocks | 3 801 € | 6 311 € | 9 599 € |
| Receivables | 47 t€ | 52 t€ | 31 t€ |
| Cash in hand and at banks | 299 t€ | 244 t€ | 152 t€ |
| Current assets | 486 t€ | 414 t€ | 264 t€ |
| Assets | 592 t€ | 527 t€ | 392 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 493 t€ | 445 t€ | 350 t€ |
| Short-term liabilities | 98 t€ | 82 t€ | 42 t€ |
| Liabilities | 98 t€ | 82 t€ | 42 t€ |
| Other current liabilities | 77 t€ | 54 t€ | 7 158 € |
| Wages and salaries | 54 t€ | -65 t€ | -54 t€ |
| Inventory increase (+) or decrease (-) | 2 510 € | -3 289 € | 7 873 € |
| Pension expenses | 19 t€ | -18 t€ | -18 t€ |
| Tangible assets | 22 t€ | 30 t€ | 44 t€ |
| Depreciations according to plan | 7 818 € | -14 t€ | -27 t€ |
| Liabilities | 592 t€ | 527 t€ | 392 t€ |
| Other short-term receivables | 2 528 € | 332 € | 0 € |
| Investments | 84 t€ | 84 t€ | 84 t€ |
| Buildings and structures, Owned | 12 t€ | 13 t€ | 14 t€ |
| Other social security expenses | 2 667 € | -835 € | -1 301 € |
| Land and water areas, Owned | 1 492 € | 1 492 € | 1 492 € |
| Profit (loss) for the period, equity | 96 t€ | 123 t€ | 0 € |
| Other shares and holdings | 136 t€ | 112 t€ | 71 t€ |
| Services purchased | 5 600 € | -8 243 € | -3 677 € |
| Retained earnings | 390 t€ | 314 t€ | 342 t€ |
| Purchases during the financial year | 229 t€ | -223 t€ | -214 t€ |
| Finished products | 3 801 € | 6 311 € | 9 599 € |
| Short-term prepayments and accrued income | 341 € | 1 929 € | 0 € |
| Other interest and financial income from non-group companies | 2 527 € | 15 t€ | 2 407 € |
| Other shares and similar rights of ownership | 84 t€ | 84 t€ | 84 t€ |
| Short-term accrued expenses and deferred income | 4 302 € | 11 t€ | 11 t€ |
| Shares and holdings | 136 t€ | 112 t€ | 71 t€ |
| Short-term sales receivables | 44 t€ | 49 t€ | 31 t€ |
| Short-term receivables | 47 t€ | 52 t€ | 31 t€ |
| Interest expenses and other financial expenses for non-Group companies | 29 € | -267 € | -64 € |
| Machinery and equipment | 8 236 € | 15 t€ | 29 t€ |
| Short-term accounts payable | 17 t€ | 17 t€ | 24 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, Latvatek Oy is in the top quarter of the industry class retail sale of electrical household appliances (95 companies with taxable income; median 41 t€, 3,3 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.
Sales to public buyers
Largest buyers
Free monthly list: Vantaa
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