SP-Works Oy is a limited company based in Helsinki, registered in 1997. In the financial year ending 31.3.2026, revenue was 754 t€ and operating profit 69 t€; equity ratio 85.2 %. Its taxable income in 2024 was 89 t€ and its income taxes 18 t€.
Revenue 2026754 t€-7 % on the previous year
Operating profit69 t€9,1 % of revenue
Net profit53 t€EBITDA 66 t€
Equity ratio85,2 %quick ratio 2,35
Taxable income 202489 t€
top quarter of its industry
Income taxes 202418 t€40 t€ in 2020–2024
In business28 yrsregistered 21.11.1997
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Financials
RevenueOperating profitNet profit
| Key figures | 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 |
|---|---|---|---|---|---|---|
| Revenue | 754 t€ | 807 t€ | 801 t€ | 500 t€ | 257 t€ | 160 t€ |
| Revenue change | -6,6 % | 0,9 % | 60,3 % | 94,2 % | 60,5 % | – |
| EBITDA | 66 t€ | 93 t€ | 100 t€ | 39 t€ | 24 t€ | 5 744 € |
| EBITDA % | 8,7 % | 11,5 % | 12,4 % | 7,9 % | 9,2 % | 3,6 % |
| Operating profit | 69 t€ | 86 t€ | 91 t€ | 27 t€ | 7 772 € | 1 152 € |
| Operating margin | 9,1 % | 10,7 % | 11,3 % | 5,5 % | 3,0 % | 0,7 % |
| Net profit | 53 t€ | 67 t€ | 71 t€ | 21 t€ | 5 847 € | 1 185 € |
| Personnel costs | -464 t€ | 469 t€ | 445 t€ | 254 t€ | 195 t€ | 164 t€ |
| Equity ratio | 85,2 % | 85,7 % | 84,4 % | 90,4 % | 94,2 % | 96,4 % |
| Quick ratio | 2,35 | 2,29 | 2,23 | 2,34 | 2,71 | 4,15 |
| Current ratio | 2,35 | 2,29 | 2,23 | 2,34 | 2,71 | 4,15 |
| Debt to revenue | 16,6 % | 15,0 % | 16,6 % | 14,9 % | 17,4 % | 18,8 % |
| Return on equity | 7,3 % | 9,2 % | 9,8 % | 3,0 % | 0,8 % | 0,1 % |
| Balance sheet total | 885 t€ | 885 t€ | 867 t€ | 814 t€ | 837 t€ | 883 t€ |
| Equity | 723 t€ | 727 t€ | 716 t€ | 697 t€ | 732 t€ | 795 t€ |
| Cash and bank | 211 t€ | 225 t€ | 158 t€ | 183 t€ | 230 t€ | 313 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 754 t€ | 807 t€ | 801 t€ | 500 t€ | 257 t€ | 160 t€ |
| Other operating income | 26 t€ | 0 € | – | 0 € | 91 t€ | 111 t€ |
| Raw materials and services | 57 t€ | -42 t€ | -55 t€ | -54 t€ | -28 t€ | -31 t€ |
| Personnel expenses | 464 t€ | -469 t€ | -445 t€ | -254 t€ | -195 t€ | -164 t€ |
| Depreciations and reductions in value | 3 397 € | -6 726 € | -8 969 € | -12 t€ | -16 t€ | -4 592 € |
| Other operating expenses | 186 t€ | -204 t€ | -201 t€ | -153 t€ | -102 t€ | -71 t€ |
| Operating profit (loss) | 69 t€ | 86 t€ | 91 t€ | 27 t€ | 7 772 € | 1 152 € |
| Financial income and expenses + (-) | 2 519 € | -2 327 € | -2 160 € | -1 412 € | -446 € | -633 € |
| Profit (loss) before appropriations and taxes | 66 t€ | 84 t€ | 88 t€ | 26 t€ | 7 326 € | 519 € |
| Income taxes | 14 t€ | -17 t€ | -18 t€ | -5 256 € | -1 479 € | 666 € |
| Profit (loss) for the financial year | 53 t€ | 67 t€ | 71 t€ | 21 t€ | 5 847 € | 1 185 € |
Balance sheet
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 504 t€ | 524 t€ | 531 t€ | 540 t€ | 552 t€ | 518 t€ |
| Receivables | 169 t€ | 136 t€ | 178 t€ | 91 t€ | 55 t€ | 52 t€ |
| Cash in hand and at banks | 211 t€ | 225 t€ | 158 t€ | 183 t€ | 230 t€ | 313 t€ |
| Current assets | 380 t€ | 361 t€ | 336 t€ | 274 t€ | 285 t€ | 365 t€ |
| Assets | 885 t€ | 885 t€ | 867 t€ | 814 t€ | 837 t€ | 883 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 723 t€ | 727 t€ | 716 t€ | 697 t€ | 732 t€ | 795 t€ |
| Short-term liabilities | 162 t€ | 158 t€ | 151 t€ | 117 t€ | 105 t€ | 88 t€ |
| Liabilities | 162 t€ | 158 t€ | 151 t€ | 117 t€ | 105 t€ | 88 t€ |
All financial statement items (44)
| 31.3.2026 | 31.3.2025 | 31.3.2024 | 31.3.2023 | 31.3.2022 | 31.3.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 754 t€ | 807 t€ | 801 t€ | 500 t€ | 257 t€ | 160 t€ |
| Other operating income | 26 t€ | 0 € | – | 0 € | 91 t€ | 111 t€ |
| Raw materials and services | 57 t€ | -42 t€ | -55 t€ | -54 t€ | -28 t€ | -31 t€ |
| Personnel expenses | 464 t€ | -469 t€ | -445 t€ | -254 t€ | -195 t€ | -164 t€ |
| Depreciations and reductions in value | 3 397 € | -6 726 € | -8 969 € | -12 t€ | -16 t€ | -4 592 € |
| Other operating expenses | 186 t€ | -204 t€ | -201 t€ | -153 t€ | -102 t€ | -71 t€ |
| Operating profit (loss) | 69 t€ | 86 t€ | 91 t€ | 27 t€ | 7 772 € | 1 152 € |
| Financial income and expenses + (-) | 2 519 € | -2 327 € | -2 160 € | -1 412 € | -446 € | -633 € |
| Profit (loss) before appropriations and taxes | 66 t€ | 84 t€ | 88 t€ | 26 t€ | 7 326 € | 519 € |
| Income taxes | 14 t€ | -17 t€ | -18 t€ | -5 256 € | -1 479 € | 666 € |
| Profit (loss) for the financial year | 53 t€ | 67 t€ | 71 t€ | 21 t€ | 5 847 € | 1 185 € |
| Non-current assets | 504 t€ | 524 t€ | 531 t€ | 540 t€ | 552 t€ | 518 t€ |
| Receivables | 169 t€ | 136 t€ | 178 t€ | 91 t€ | 55 t€ | 52 t€ |
| Cash in hand and at banks | 211 t€ | 225 t€ | 158 t€ | 183 t€ | 230 t€ | 313 t€ |
| Current assets | 380 t€ | 361 t€ | 336 t€ | 274 t€ | 285 t€ | 365 t€ |
| Assets | 885 t€ | 885 t€ | 867 t€ | 814 t€ | 837 t€ | 883 t€ |
| Share capital or other similar capital | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € | 2 523 € |
| Capital and reserves | 723 t€ | 727 t€ | 716 t€ | 697 t€ | 732 t€ | 795 t€ |
| Short-term liabilities | 162 t€ | 158 t€ | 151 t€ | 117 t€ | 105 t€ | 88 t€ |
| Liabilities | 162 t€ | 158 t€ | 151 t€ | 117 t€ | 105 t€ | 88 t€ |
| Investments | 504 t€ | 504 t€ | 504 t€ | 504 t€ | 504 t€ | 504 t€ |
| Other short-term receivables | 452 € | 5 € | 747 € | 0 € | 33 t€ | 6 004 € |
| Other current liabilities | 18 t€ | 14 t€ | 14 t€ | 12 t€ | 6 047 € | 2 384 € |
| Retained earnings | 241 t€ | 231 t€ | 216 t€ | 247 t€ | 297 t€ | 364 t€ |
| Short-term prepayments and accrued income | 12 t€ | 11 t€ | 9 539 € | 3 337 € | 375 € | 41 t€ |
| Short-term accounts payable | 28 t€ | 21 t€ | 30 t€ | 15 t€ | 6 874 € | 6 537 € |
| Short-term sales receivables | 157 t€ | 125 t€ | 168 t€ | 88 t€ | 21 t€ | 5 181 € |
| Reserve for invested non-restricted equity | 427 t€ | 427 t€ | 427 t€ | 427 t€ | 427 t€ | 427 t€ |
| Purchases during the financial year | 1 276 € | -794 € | -1 918 € | -5 238 € | -1 811 € | -1 576 € |
| Profit (loss) for the period, equity | 53 t€ | 67 t€ | 71 t€ | 21 t€ | 5 847 € | 1 185 € |
| Shares in participating interest company | 504 t€ | 504 t€ | 504 t€ | 504 t€ | 504 t€ | 504 t€ |
| Short-term receivables | 169 t€ | 136 t€ | 178 t€ | 91 t€ | 55 t€ | 52 t€ |
| Interest expenses and other financial expenses for non-Group companies | 2 838 € | -2 791 € | -2 866 € | -1 815 € | -568 € | -633 € |
| Tangible assets | 305 € | 20 t€ | 27 t€ | 36 t€ | 48 t€ | 14 t€ |
| Wages and salaries | 357 t€ | -374 t€ | -358 t€ | -195 t€ | -149 t€ | -116 t€ |
| Short-term accrued expenses and deferred income | 78 t€ | 87 t€ | 89 t€ | 48 t€ | 32 t€ | 21 t€ |
| Liabilities | 885 t€ | 885 t€ | 867 t€ | 814 t€ | 837 t€ | 883 t€ |
| Other interest and financial income from non-group companies | 319 € | 464 € | 706 € | 403 € | 122 € | 0 € |
| Other social security expenses | 28 t€ | -24 t€ | -26 t€ | -19 t€ | -17 t€ | -22 t€ |
| Machinery and equipment | 305 € | 20 t€ | 27 t€ | 36 t€ | 48 t€ | 14 t€ |
| Depreciations according to plan | 3 397 € | -6 726 € | -8 969 € | -12 t€ | -16 t€ | -4 592 € |
| Services purchased | 56 t€ | -41 t€ | -53 t€ | -49 t€ | -26 t€ | -29 t€ |
| Short-term advances received | 36 t€ | 36 t€ | 18 t€ | 43 t€ | 60 t€ | 58 t€ |
| Pension expenses | 79 t€ | -71 t€ | -61 t€ | -39 t€ | -29 t€ | -26 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, SP-Works Oy is in the top quarter of the industry class other business support service activities n.e.c. (851 companies with taxable income; median 14 t€, 6,2 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.