M. Makkonen Oy is a limited company based in Tampere, registered in 1998. In the financial year ending 28.2.2026, revenue was 772 t€ and operating profit -42 t€; equity ratio 99.8 %. Its taxable income in 2024 was 120 t€ and its income taxes 24 t€.
Revenue 2026772 t€-23 % on the previous year
Operating profit-42 t€-5,5 % of revenue
Net profit-39 t€EBITDA -46 t€
Equity ratio99,8 %quick ratio 250,46
Taxable income 2024120 t€
top quarter of its industry
Income taxes 202424 t€107 t€ in 2020–2024
In business28 yrsregistered 9.3.1998
Financials
RevenueOperating profitNet profit
| Key figures | 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 |
|---|---|---|---|---|
| Revenue | 772 t€ | 1,0 M€ | 1,2 M€ | 1,2 M€ |
| Revenue change | -23,3 % | -18,0 % | 0,4 % | – |
| EBITDA | -46 t€ | 38 t€ | 129 t€ | 169 t€ |
| EBITDA % | -6,0 % | 3,8 % | 10,5 % | 13,8 % |
| Operating profit | -42 t€ | 31 t€ | 118 t€ | 158 t€ |
| Operating margin | -5,5 % | 3,1 % | 9,7 % | 12,9 % |
| Net profit | -39 t€ | 27 t€ | 98 t€ | 127 t€ |
| Personnel costs | -123 t€ | 195 t€ | 190 t€ | 188 t€ |
| Equity ratio | 99,8 % | 76,5 % | 75,6 % | 62,0 % |
| Quick ratio | 250,46 | 2,22 | 2,38 | 1,64 |
| Current ratio | 250,46 | 3,76 | 3,76 | 2,50 |
| Debt to revenue | 0,1 % | 13,5 % | 11,7 % | 18,6 % |
| Return on equity | -10,6 % | 6,1 % | 22,0 % | 34,3 % |
| Balance sheet total | 367 t€ | 576 t€ | 589 t€ | 598 t€ |
| Equity | 366 t€ | 440 t€ | 445 t€ | 371 t€ |
| Cash and bank | 112 t€ | 202 t€ | 246 t€ | 281 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Turnover | 772 t€ | 1,0 M€ | 1,2 M€ | 1,2 M€ |
| Other operating income | – | 0 € | 490 € | 0 € |
| Raw materials and services | 426 t€ | -472 t€ | -616 t€ | -632 t€ |
| Personnel expenses | 123 t€ | -195 t€ | -190 t€ | -188 t€ |
| Depreciations and reductions in value | 4 106 € | -7 688 € | -10 t€ | -11 t€ |
| Other operating expenses | 262 t€ | -301 t€ | -293 t€ | -232 t€ |
| Operating profit (loss) | -42 t€ | 31 t€ | 118 t€ | 158 t€ |
| Financial income and expenses + (-) | -3 342 € | 2 572 € | 3 547 € | 2 578 € |
| Profit (loss) before appropriations and taxes | -39 t€ | 33 t€ | 122 t€ | 160 t€ |
| Income taxes | -252 € | -6 667 € | -24 t€ | -33 t€ |
| Profit (loss) for the financial year | -39 t€ | 27 t€ | 98 t€ | 127 t€ |
Balance sheet
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Non-current assets | 165 t€ | 67 t€ | 49 t€ | 30 t€ |
| Stocks | 0 € | 208 t€ | 199 t€ | 196 t€ |
| Receivables | 90 t€ | 98 t€ | 95 t€ | 92 t€ |
| Cash in hand and at banks | 112 t€ | 202 t€ | 246 t€ | 281 t€ |
| Current assets | 201 t€ | 508 t€ | 540 t€ | 569 t€ |
| Assets | 367 t€ | 576 t€ | 589 t€ | 598 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 366 t€ | 440 t€ | 445 t€ | 371 t€ |
| Short-term liabilities | 804 € | 135 t€ | 143 t€ | 227 t€ |
| Liabilities | 804 € | 135 t€ | 143 t€ | 227 t€ |
All financial statement items (47)
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Turnover | 772 t€ | 1,0 M€ | 1,2 M€ | 1,2 M€ |
| Other operating income | – | 0 € | 490 € | 0 € |
| Raw materials and services | 426 t€ | -472 t€ | -616 t€ | -632 t€ |
| Personnel expenses | 123 t€ | -195 t€ | -190 t€ | -188 t€ |
| Depreciations and reductions in value | 4 106 € | -7 688 € | -10 t€ | -11 t€ |
| Other operating expenses | 262 t€ | -301 t€ | -293 t€ | -232 t€ |
| Operating profit (loss) | -42 t€ | 31 t€ | 118 t€ | 158 t€ |
| Financial income and expenses + (-) | -3 342 € | 2 572 € | 3 547 € | 2 578 € |
| Profit (loss) before appropriations and taxes | -39 t€ | 33 t€ | 122 t€ | 160 t€ |
| Income taxes | -252 € | -6 667 € | -24 t€ | -33 t€ |
| Profit (loss) for the financial year | -39 t€ | 27 t€ | 98 t€ | 127 t€ |
| Non-current assets | 165 t€ | 67 t€ | 49 t€ | 30 t€ |
| Stocks | 0 € | 208 t€ | 199 t€ | 196 t€ |
| Receivables | 90 t€ | 98 t€ | 95 t€ | 92 t€ |
| Cash in hand and at banks | 112 t€ | 202 t€ | 246 t€ | 281 t€ |
| Current assets | 201 t€ | 508 t€ | 540 t€ | 569 t€ |
| Assets | 367 t€ | 576 t€ | 589 t€ | 598 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 366 t€ | 440 t€ | 445 t€ | 371 t€ |
| Short-term liabilities | 804 € | 135 t€ | 143 t€ | 227 t€ |
| Liabilities | 804 € | 135 t€ | 143 t€ | 227 t€ |
| Other current liabilities | 18 € | 56 t€ | 29 t€ | 61 t€ |
| Wages and salaries | 97 t€ | -146 t€ | -144 t€ | -142 t€ |
| Income from other investments under non-current assets, from other companies | 3 720 € | 4 080 € | 4 460 € | 4 240 € |
| Inventory increase (+) or decrease (-) | 207 t€ | 9 248 € | 2 860 € | 68 t€ |
| Pension expenses | 20 t€ | -42 t€ | -41 t€ | -38 t€ |
| Tangible assets | 12 t€ | 23 t€ | 31 t€ | 12 t€ |
| Depreciations according to plan | 4 106 € | -7 688 € | -10 t€ | -11 t€ |
| Liabilities | 367 t€ | 576 t€ | 589 t€ | 598 t€ |
| Other short-term receivables | 90 t€ | 93 t€ | 83 t€ | 83 t€ |
| Investments | 153 t€ | 44 t€ | 18 t€ | 18 t€ |
| Other social security expenses | 5 649 € | -7 058 € | -5 145 € | -7 637 € |
| Materials and supplies | 0 € | 208 t€ | 199 t€ | 196 t€ |
| Profit (loss) for the period, equity | -39 t€ | 27 t€ | 98 t€ | 127 t€ |
| Services purchased | 4 086 € | -4 544 € | -6 021 € | -4 434 € |
| Retained earnings | 402 t€ | 411 t€ | 345 t€ | 241 t€ |
| Short-term liabilities to credit institutions | – | – | 0 € | 17 t€ |
| Purchases during the financial year | 214 t€ | -477 t€ | -612 t€ | -695 t€ |
| Short-term prepayments and accrued income | 0 € | 2 286 € | 6 737 € | 4 285 € |
| Other interest and financial income from non-group companies | 153 € | 24 € | 0 € | – |
| Other shares and similar rights of ownership | 153 t€ | 44 t€ | 18 t€ | 18 t€ |
| Short-term accrued expenses and deferred income | 0 € | 30 t€ | 17 t€ | 36 t€ |
| Short-term sales receivables | 0 € | 2 758 € | 5 103 € | 4 282 € |
| Short-term receivables | 90 t€ | 98 t€ | 95 t€ | 92 t€ |
| Interest expenses and other financial expenses for non-Group companies | 531 € | -1 532 € | -913 € | -1 662 € |
| Machinery and equipment | 12 t€ | 23 t€ | 31 t€ | 12 t€ |
| Short-term accounts payable | 786 € | 50 t€ | 97 t€ | 114 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, M. Makkonen Oy is in the top quarter of the industry class retail sale of footwear (52 companies with taxable income; median 51 t€, 2,4 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.
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