Cardset Finland Oy is a limited company based in Turku, registered in 1998. In the financial year ending 31.7.2025, revenue was 148 t€ and operating profit -14 t€; equity ratio -49.2 %.
Revenue 2025148 t€-58 % on the previous year
Operating profit-14 t€-9,3 % of revenue
Net profit-14 t€EBITDA -14 t€
Equity ratio-49,2 %quick ratio 0,62
Taxable income 20240 €
profit as taxed
Income taxes 20240 €100 € in 2020–2024
In business28 yrsregistered 14.8.1998
Financials
RevenueOperating profitNet profit
| Key figures | 31.7.2025 | 31.7.2024 | 31.7.2023 | 31.7.2022 |
|---|---|---|---|---|
| Revenue | 148 t€ | 353 t€ | 362 t€ | 295 t€ |
| Revenue change | -58,1 % | -2,5 % | 22,8 % | – |
| EBITDA | -14 t€ | 9 537 € | 53 t€ | 39 t€ |
| EBITDA % | -9,4 % | 2,7 % | 14,7 % | 13,4 % |
| Operating profit | -14 t€ | 9 537 € | 53 t€ | 39 t€ |
| Operating margin | -9,3 % | 2,7 % | 14,7 % | 13,4 % |
| Net profit | -14 t€ | 9 244 € | 51 t€ | 39 t€ |
| Personnel costs | -30 t€ | 145 t€ | 130 t€ | 132 t€ |
| Equity ratio | -49,2 % | -1,2 % | -8,0 % | -44,7 % |
| Quick ratio | 0,62 | 0,83 | 0,68 | 0,35 |
| Current ratio | 1,31 | 2,03 | 1,82 | 1,08 |
| Debt to revenue | 31,9 % | 40,3 % | 41,0 % | 68,6 % |
| Balance sheet total | 32 t€ | 140 t€ | 137 t€ | 140 t€ |
| Equity | -16 t€ | -1 741 € | -11 t€ | -62 t€ |
| Cash and bank | 12 t€ | 35 t€ | 30 t€ | 25 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.7.2025 | 31.7.2024 | 31.7.2023 | 31.7.2022 | |
|---|---|---|---|---|
| Turnover | 148 t€ | 353 t€ | 362 t€ | 295 t€ |
| Raw materials and services | 109 t€ | -147 t€ | -133 t€ | -81 t€ |
| Personnel expenses | 30 t€ | -145 t€ | -130 t€ | -132 t€ |
| Depreciations and reductions in value | 66 € | 0 € | – | – |
| Other operating expenses | 23 t€ | -51 t€ | -45 t€ | -42 t€ |
| Operating profit (loss) | -14 t€ | 9 537 € | 53 t€ | 39 t€ |
| Financial income and expenses + (-) | 28 € | -253 € | -1 433 € | -395 € |
| Profit (loss) before appropriations and taxes | -14 t€ | 9 284 € | 52 t€ | 39 t€ |
| Income taxes | 28 € | -41 € | -378 € | -451 € |
| Profit (loss) for the financial year | -14 t€ | 9 244 € | 51 t€ | 39 t€ |
Balance sheet
| 31.7.2025 | 31.7.2024 | 31.7.2023 | 31.7.2022 | |
|---|---|---|---|---|
| Non-current assets | 0 € | 66 € | 66 € | 66 € |
| Stocks | 17 t€ | 83 t€ | 86 t€ | 94 t€ |
| Receivables | 2 679 € | 22 t€ | 21 t€ | 21 t€ |
| Cash in hand and at banks | 12 t€ | 35 t€ | 30 t€ | 25 t€ |
| Current assets | 32 t€ | 140 t€ | 137 t€ | 140 t€ |
| Assets | 32 t€ | 140 t€ | 137 t€ | 140 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | -16 t€ | -1 741 € | -11 t€ | -62 t€ |
| Long-term liabilities | 23 t€ | 73 t€ | 73 t€ | 73 t€ |
| Short-term liabilities | 24 t€ | 69 t€ | 75 t€ | 129 t€ |
| Liabilities | 47 t€ | 142 t€ | 148 t€ | 202 t€ |
All financial statement items (45)
| 31.7.2025 | 31.7.2024 | 31.7.2023 | 31.7.2022 | |
|---|---|---|---|---|
| Turnover | 148 t€ | 353 t€ | 362 t€ | 295 t€ |
| Raw materials and services | 109 t€ | -147 t€ | -133 t€ | -81 t€ |
| Personnel expenses | 30 t€ | -145 t€ | -130 t€ | -132 t€ |
| Depreciations and reductions in value | 66 € | 0 € | – | – |
| Other operating expenses | 23 t€ | -51 t€ | -45 t€ | -42 t€ |
| Operating profit (loss) | -14 t€ | 9 537 € | 53 t€ | 39 t€ |
| Financial income and expenses + (-) | 28 € | -253 € | -1 433 € | -395 € |
| Profit (loss) before appropriations and taxes | -14 t€ | 9 284 € | 52 t€ | 39 t€ |
| Income taxes | 28 € | -41 € | -378 € | -451 € |
| Profit (loss) for the financial year | -14 t€ | 9 244 € | 51 t€ | 39 t€ |
| Non-current assets | 0 € | 66 € | 66 € | 66 € |
| Stocks | 17 t€ | 83 t€ | 86 t€ | 94 t€ |
| Receivables | 2 679 € | 22 t€ | 21 t€ | 21 t€ |
| Cash in hand and at banks | 12 t€ | 35 t€ | 30 t€ | 25 t€ |
| Current assets | 32 t€ | 140 t€ | 137 t€ | 140 t€ |
| Assets | 32 t€ | 140 t€ | 137 t€ | 140 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | -16 t€ | -1 741 € | -11 t€ | -62 t€ |
| Long-term liabilities | 23 t€ | 73 t€ | 73 t€ | 73 t€ |
| Short-term liabilities | 24 t€ | 69 t€ | 75 t€ | 129 t€ |
| Liabilities | 47 t€ | 142 t€ | 148 t€ | 202 t€ |
| Other current liabilities | 17 t€ | 15 t€ | 11 t€ | 20 t€ |
| Liabilities | 32 t€ | 140 t€ | 137 t€ | 140 t€ |
| Short-term receivables | 2 679 € | 22 t€ | 21 t€ | 21 t€ |
| Other short-term receivables | 863 € | 28 € | 78 € | 0 € |
| Finished products | 17 t€ | 83 t€ | 86 t€ | 94 t€ |
| Machinery and equipment | 0 € | 66 € | 66 € | 66 € |
| Share premium reserve | 0 € | 73 t€ | 73 t€ | 73 t€ |
| Retained earnings | -12 t€ | -94 t€ | -146 t€ | -184 t€ |
| Short-term accounts payable | 3 799 € | 41 t€ | 40 t€ | 56 t€ |
| Long-term subordinated loans | 23 t€ | 73 t€ | 73 t€ | 73 t€ |
| Wages and salaries | 25 t€ | -126 t€ | -114 t€ | -111 t€ |
| Short-term sales receivables | 1 005 € | 21 t€ | 19 t€ | 19 t€ |
| Profit (loss) for the period, equity | -14 t€ | 9 244 € | 51 t€ | 39 t€ |
| Interest expenses and other financial expenses for non-Group companies | 28 € | -253 € | -1 433 € | -395 € |
| Pension expenses | 5 956 € | -19 t€ | -18 t€ | -16 t€ |
| Short-term prepayments and accrued income | 810 € | 1 185 € | 1 738 € | 1 241 € |
| Other social security expenses | -986 € | -159 € | 1 593 € | -5 260 € |
| Services purchased | 5 100 € | -25 t€ | -3 355 € | -4 497 € |
| Tangible assets | 0 € | 66 € | 66 € | 66 € |
| Purchases during the financial year | 38 t€ | -119 t€ | -121 t€ | -105 t€ |
| Short-term liabilities to credit institutions | – | – | 0 € | 4 000 € |
| Depreciations according to plan | 66 € | 0 € | – | – |
| Short-term accrued expenses and deferred income | 3 370 € | 14 t€ | 24 t€ | 49 t€ |
| Inventory increase (+) or decrease (-) | 66 t€ | -3 481 € | -8 281 € | 28 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
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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