Luhtimaja Oy is a limited company based in Pyhtää, registered in 1999. In the financial year ending 31.8.2025, revenue was 2,0 M€ and operating profit 20 t€; equity ratio 28.5 %. Its taxable income in 2024 was 123 t€ and its income taxes 25 t€. Latest Trade Register entry: change of ceo, 23.7.2026.
Revenue 20252,0 M€+6 % on the previous year
Operating profit20 t€1,0 % of revenue
Net profit1 235 €EBITDA -40 t€
Equity ratio28,5 %quick ratio 0,92
Taxable income 2024123 t€
top quarter of its industry
Income taxes 202425 t€54 t€ in 2021–2024
In business27 yrsregistered 3.8.1999
Trade Register2entries, latest: change of ceo
Financials
RevenueOperating profitNet profit
| Key figures | 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 1.2.2021 |
|---|---|---|---|---|---|---|
| Revenue | 2,0 M€ | 1,9 M€ | 1,1 M€ | 1,1 M€ | 622 t€ | 460 t€ |
| Revenue change | 5,8 % | 68,6 % | 6,9 % | 72,0 % | 35,1 % | – |
| EBITDA | -40 t€ | 192 t€ | 92 t€ | 84 t€ | 91 t€ | 109 t€ |
| EBITDA % | -1,9 % | 10,0 % | 8,0 % | 7,9 % | 14,7 % | 23,7 % |
| Operating profit | 20 t€ | 142 t€ | 51 t€ | 51 t€ | 73 t€ | 97 t€ |
| Operating margin | 1,0 % | 7,4 % | 4,5 % | 4,7 % | 11,7 % | 21,0 % |
| Net profit | 1 235 € | 95 t€ | 24 t€ | 30 t€ | 53 t€ | 208 t€ |
| Personnel costs | -1,2 M€ | 1,0 M€ | 766 t€ | 680 t€ | 344 t€ | 220 t€ |
| Equity ratio | 28,5 % | 29,3 % | 16,7 % | 14,1 % | 9,3 % | 20,6 % |
| Quick ratio | 0,92 | 1,07 | 0,92 | 0,63 | 0,70 | 0,71 |
| Current ratio | 0,92 | 1,07 | 0,92 | 0,63 | 0,70 | 0,71 |
| Debt to revenue | 20,9 % | 23,0 % | 41,9 % | 44,8 % | 82,2 % | 69,5 % |
| Return on equity | 0,7 % | 51,7 % | 25,2 % | 38,3 % | 100,0 % | 251,2 % |
| Balance sheet total | 597 t€ | 627 t€ | 576 t€ | 557 t€ | 564 t€ | 403 t€ |
| Equity | 170 t€ | 184 t€ | 96 t€ | 78 t€ | 53 t€ | 83 t€ |
| Cash and bank | 25 t€ | 83 t€ | 48 t€ | 7 778 € | 44 t€ | 3 416 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 1.2.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 2,0 M€ | 1,9 M€ | 1,1 M€ | 1,1 M€ | 622 t€ | 460 t€ |
| Other operating income | 9 283 € | 55 t€ | 74 t€ | 4 170 € | 0 € | 1 752 € |
| Raw materials and services | 150 t€ | -133 t€ | -91 t€ | -97 t€ | -59 t€ | -37 t€ |
| Personnel expenses | 1,2 M€ | -1,0 M€ | -766 t€ | -680 t€ | -344 t€ | -220 t€ |
| Depreciations and reductions in value | 60 t€ | -50 t€ | -40 t€ | -34 t€ | -18 t€ | -12 t€ |
| Other operating expenses | 656 t€ | -634 t€ | -269 t€ | -213 t€ | -128 t€ | -96 t€ |
| Operating profit (loss) | 20 t€ | 142 t€ | 51 t€ | 51 t€ | 73 t€ | 97 t€ |
| Financial income and expenses + (-) | 17 t€ | -23 t€ | -20 t€ | -12 t€ | -7 464 € | -4 120 € |
| Profit (loss) before appropriations and taxes | 3 203 € | 119 t€ | 32 t€ | 38 t€ | 66 t€ | 93 t€ |
| Income taxes | 1 968 € | -25 t€ | -7 238 € | -8 249 € | -13 t€ | 0 € |
| Profit (loss) for the financial year | 1 235 € | 95 t€ | 24 t€ | 30 t€ | 53 t€ | 208 t€ |
Balance sheet
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 1.2.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 327 t€ | 317 t€ | 331 t€ | 416 t€ | 420 t€ | 298 t€ |
| Receivables | 245 t€ | 227 t€ | 197 t€ | 134 t€ | 99 t€ | 101 t€ |
| Cash in hand and at banks | 25 t€ | 83 t€ | 48 t€ | 7 778 € | 44 t€ | 3 416 € |
| Current assets | 269 t€ | 310 t€ | 245 t€ | 141 t€ | 143 t€ | 105 t€ |
| Assets | 597 t€ | 627 t€ | 576 t€ | 557 t€ | 564 t€ | 403 t€ |
| Capital and reserves | 170 t€ | 184 t€ | 96 t€ | 78 t€ | 53 t€ | 83 t€ |
| Long-term liabilities | 133 t€ | 153 t€ | 215 t€ | 255 t€ | 305 t€ | 173 t€ |
| Short-term liabilities | 294 t€ | 290 t€ | 265 t€ | 224 t€ | 206 t€ | 147 t€ |
| Liabilities | 426 t€ | 443 t€ | 480 t€ | 479 t€ | 511 t€ | 320 t€ |
All financial statement items (57)
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | 31.8.2021 | 1.2.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 2,0 M€ | 1,9 M€ | 1,1 M€ | 1,1 M€ | 622 t€ | 460 t€ |
| Other operating income | 9 283 € | 55 t€ | 74 t€ | 4 170 € | 0 € | 1 752 € |
| Raw materials and services | 150 t€ | -133 t€ | -91 t€ | -97 t€ | -59 t€ | -37 t€ |
| Personnel expenses | 1,2 M€ | -1,0 M€ | -766 t€ | -680 t€ | -344 t€ | -220 t€ |
| Depreciations and reductions in value | 60 t€ | -50 t€ | -40 t€ | -34 t€ | -18 t€ | -12 t€ |
| Other operating expenses | 656 t€ | -634 t€ | -269 t€ | -213 t€ | -128 t€ | -96 t€ |
| Operating profit (loss) | 20 t€ | 142 t€ | 51 t€ | 51 t€ | 73 t€ | 97 t€ |
| Financial income and expenses + (-) | 17 t€ | -23 t€ | -20 t€ | -12 t€ | -7 464 € | -4 120 € |
| Profit (loss) before appropriations and taxes | 3 203 € | 119 t€ | 32 t€ | 38 t€ | 66 t€ | 93 t€ |
| Income taxes | 1 968 € | -25 t€ | -7 238 € | -8 249 € | -13 t€ | 0 € |
| Profit (loss) for the financial year | 1 235 € | 95 t€ | 24 t€ | 30 t€ | 53 t€ | 208 t€ |
| Non-current assets | 327 t€ | 317 t€ | 331 t€ | 416 t€ | 420 t€ | 298 t€ |
| Receivables | 245 t€ | 227 t€ | 197 t€ | 134 t€ | 99 t€ | 101 t€ |
| Cash in hand and at banks | 25 t€ | 83 t€ | 48 t€ | 7 778 € | 44 t€ | 3 416 € |
| Current assets | 269 t€ | 310 t€ | 245 t€ | 141 t€ | 143 t€ | 105 t€ |
| Assets | 597 t€ | 627 t€ | 576 t€ | 557 t€ | 564 t€ | 403 t€ |
| Capital and reserves | 170 t€ | 184 t€ | 96 t€ | 78 t€ | 53 t€ | 83 t€ |
| Long-term liabilities | 133 t€ | 153 t€ | 215 t€ | 255 t€ | 305 t€ | 173 t€ |
| Short-term liabilities | 294 t€ | 290 t€ | 265 t€ | 224 t€ | 206 t€ | 147 t€ |
| Liabilities | 426 t€ | 443 t€ | 480 t€ | 479 t€ | 511 t€ | 320 t€ |
| Buildings and structures, Owned | 120 t€ | 125 t€ | 220 t€ | 171 t€ | 179 t€ | 184 t€ |
| Purchases during the financial year | 147 t€ | -132 t€ | -89 t€ | -97 t€ | -59 t€ | -37 t€ |
| Short-term receivables | 221 t€ | 203 t€ | 174 t€ | 134 t€ | 99 t€ | 101 t€ |
| Other long-term receivables | 24 t€ | 23 t€ | 23 t€ | 0 € | – | – |
| Other short-term receivables | 15 t€ | 15 t€ | 11 t€ | 0 € | 3 111 € | 10 € |
| Profit (loss) for the period, equity | 1 235 € | 95 t€ | 24 t€ | 30 t€ | 53 t€ | 208 t€ |
| Short-term loan receivables | 6 541 € | 5 933 € | 18 t€ | 836 € | 0 € | – |
| Tangible assets | 248 t€ | 246 t€ | 309 t€ | 397 t€ | 420 t€ | 298 t€ |
| Short-term accrued expenses and deferred income | 162 t€ | 129 t€ | 126 t€ | 102 t€ | 95 t€ | 89 t€ |
| Interest expenses and other financial expenses for non-Group companies | 18 t€ | -23 t€ | -20 t€ | -12 t€ | -7 464 € | -4 120 € |
| Long-term liabilities to credit institutions | 57 t€ | 88 t€ | 190 t€ | 228 t€ | 258 t€ | 105 t€ |
| Other social security expenses | 28 t€ | -26 t€ | -27 t€ | -25 t€ | -7 516 € | -8 785 € |
| Other shares and similar rights of ownership | 69 t€ | 55 t€ | 0 € | – | – | – |
| Addition to tax-based reserves (deduction) | – | – | – | – | 0 € | 115 t€ |
| Short-term sales receivables | 182 t€ | 172 t€ | 133 t€ | 95 t€ | 91 t€ | 96 t€ |
| Depreciations according to plan | 60 t€ | -50 t€ | -40 t€ | -34 t€ | -18 t€ | -12 t€ |
| Other current liabilities | 24 t€ | 20 t€ | 14 t€ | 13 t€ | 23 t€ | 10 t€ |
| Short-term accounts payable | 77 t€ | 98 t€ | 76 t€ | 64 t€ | 42 t€ | 41 t€ |
| Buildings and structures, Lease rights | – | – | – | 0 € | 135 t€ | 0 € |
| Retained earnings | 169 t€ | 89 t€ | 72 t€ | 48 t€ | 0 € | 206 t€ |
| Machinery and equipment | 120 t€ | 113 t€ | 72 t€ | 64 t€ | 79 t€ | 87 t€ |
| Long-term receivables | 24 t€ | 23 t€ | 23 t€ | 0 € | – | – |
| Wages and salaries | 941 t€ | -852 t€ | -632 t€ | -564 t€ | -279 t€ | -188 t€ |
| Other interest and financial income from non-group companies | 610 € | 133 € | 124 € | 0 € | – | – |
| Land and water areas, Rental rights | 1 500 € | 1 500 € | 1 500 € | 135 t€ | 0 € | – |
| Land and water areas, Owned | – | 0 € | 15 t€ | 27 t€ | 27 t€ | 27 t€ |
| Other intangible assets | 7 765 € | 14 t€ | 20 t€ | 17 t€ | 0 € | – |
| Short-term liabilities to credit institutions | 31 t€ | 43 t€ | 50 t€ | 45 t€ | 45 t€ | 6 265 € |
| Intangible assets | 7 765 € | 14 t€ | 20 t€ | 17 t€ | 0 € | – |
| Investments | 72 t€ | 58 t€ | 2 840 € | 1 420 € | 0 € | – |
| Other tangible assets | 6 142 € | 6 490 € | 153 € | 204 € | 272 € | 319 € |
| Pension expenses | 194 t€ | -145 t€ | -107 t€ | -91 t€ | -57 t€ | -23 t€ |
| Liabilities | 597 t€ | 627 t€ | 576 t€ | 557 t€ | 564 t€ | 403 t€ |
| Services purchased | 2 933 € | -882 € | -1 753 € | 0 € | – | – |
| Other receivables (investments) | 2 840 € | 2 840 € | 2 840 € | 1 420 € | 0 € | – |
| Short-term prepayments and accrued income | 18 t€ | 9 553 € | 12 t€ | 38 t€ | 5 220 € | 5 069 € |
| Long-term accounts payable | 76 t€ | 65 t€ | 25 t€ | 26 t€ | 47 t€ | 68 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, Luhtimaja Oy is in the top quarter of the industry class other financial service activities, except insurance and pension funding n.e.c. (2751 companies with taxable income; median 21 t€, 6,0 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.
Trade Register events
- Change of CEO
- Line of business changed
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