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J. Ursin Oy

Limited company. On-demand passenger transport service activities by vehicle with driver.

J. Ursin Oy is a limited company based in Helsinki, registered in 1997. In the financial year ending 31.12.2025, revenue was 320 t€ and operating profit 28 t€; equity ratio 76.6 %. Its taxable income in 2024 was 13 t€ and its income taxes 2 590 €. Public buyers bought 19 t€ from it in 2022–2025; the largest buyer is Sosiaali- Ja Terveystoimiala, Helsinki (Helsinki).

Revenue 2025320 t€+20 % on the previous year
Operating profit28 t€8,7 % of revenue
Net profit20 t€EBITDA -8 121 €
Equity ratio76,6 %quick ratio 1,47
Taxable income 202413 t€ upper half of its industry
Income taxes 20242 590 €13 t€ in 2020–2024
In business28 yrsregistered 28.11.1997
Sales to public buyers19 t€2022–2025

Financials

267 t€320 t€320 t€17 t€28 t€10 t€20 t€20242025
RevenueOperating profitNet profit
Key figures31.12.202531.12.2024
Revenue320 t€267 t€
Revenue change19,8 %–
EBITDA-8 121 €-18 t€
EBITDA %-2,5 %-6,9 %
Operating profit28 t€17 t€
Operating margin8,7 %6,3 %
Net profit20 t€10 t€
Personnel costs-169 t€-120 t€
Equity ratio76,6 %77,1 %
Quick ratio1,472,02
Current ratio1,472,02
Debt to revenue23,6 %27,5 %
Return on equity8,0 %4,2 %
Balance sheet total322 t€320 t€
Equity247 t€247 t€
Cash and bank83 t€78 t€

Balance sheet

320 t€322 t€322 t€247 t€247 t€78 t€83 t€20242025
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.12.202531.12.2024
Turnover320 t€267 t€
Other operating income12 t€9 720 €
Raw materials and services46 t€46 t€
Personnel expenses169 t€120 t€
Depreciations and reductions in value36 t€35 t€
Other operating expenses53 t€59 t€
Operating profit (loss)28 t€17 t€
Financial income and expenses + (-)3 090 €3 776 €
Profit (loss) before appropriations and taxes25 t€13 t€
Income taxes4 918 €2 590 €
Profit (loss) for the financial year20 t€10 t€

Balance sheet

31.12.202531.12.2024
Non-current assets226 t€221 t€
Receivables13 t€21 t€
Cash in hand and at banks83 t€78 t€
Current assets96 t€99 t€
Assets322 t€320 t€
Share capital or other similar capital2 523 €2 523 €
Capital and reserves247 t€247 t€
Long-term liabilities10 t€24 t€
Short-term liabilities65 t€49 t€
Liabilities75 t€73 t€
All financial statement items (47)
31.12.202531.12.2024
Turnover320 t€267 t€
Other operating income12 t€9 720 €
Raw materials and services46 t€46 t€
Personnel expenses169 t€120 t€
Depreciations and reductions in value36 t€35 t€
Other operating expenses53 t€59 t€
Operating profit (loss)28 t€17 t€
Financial income and expenses + (-)3 090 €3 776 €
Profit (loss) before appropriations and taxes25 t€13 t€
Income taxes4 918 €2 590 €
Profit (loss) for the financial year20 t€10 t€
Non-current assets226 t€221 t€
Receivables13 t€21 t€
Cash in hand and at banks83 t€78 t€
Current assets96 t€99 t€
Assets322 t€320 t€
Share capital or other similar capital2 523 €2 523 €
Capital and reserves247 t€247 t€
Long-term liabilities10 t€24 t€
Short-term liabilities65 t€49 t€
Liabilities75 t€73 t€
Other social security expenses5 118 €2 555 €
Other interest and financial income from non-group companies123 €24 €
Short-term accrued expenses and deferred income14 t€7 191 €
Tangible assets106 t€103 t€
Pension expenses22 t€15 t€
Short-term liabilities to credit institutions38 t€32 t€
Long-term liabilities to credit institutions10 t€24 t€
Liabilities322 t€320 t€
Machinery and equipment106 t€103 t€
Services purchased28 t€25 t€
Wages and salaries142 t€102 t€
Intangible assets5 402 €2 633 €
Other short-term receivables3 425 €3 124 €
Short-term prepayments and accrued income1 481 €3 225 €
Purchases during the financial year18 t€21 t€
Investments115 t€115 t€
Short-term sales receivables8 043 €14 t€
Other shares and similar rights of ownership115 t€115 t€
Profit (loss) for the period, equity20 t€10 t€
Other current liabilities12 t€7 985 €
Other intangible assets5 402 €2 633 €
Interest expenses and other financial expenses for non-Group companies3 213 €3 800 €
Retained earnings224 t€234 t€
Short-term accounts payable1 065 €1 465 €
Depreciations according to plan36 t€35 t€
Short-term receivables13 t€21 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 €11 t€28 t€12 t€13 t€13 t€20202021202220232024

Measured by taxable income, J. Ursin Oy is in the upper half of the industry class on-demand passenger transport service activities by vehicle with driver (1240 companies with taxable income; median 12 t€).

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

41 €8 316 €11 t€11 t€202220242025

Largest buyers

  • Sosiaali- Ja Terveystoimiala, Helsinki Helsinki19 t€

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