Gröndahl Elvetec Oy is a limited company based in Järvenpää, registered in 1999. In the financial year ending 30.6.2026, revenue was 788 t€ and operating profit 275 t€; equity ratio 97.4 %. Its taxable income in 2024 was 326 t€ and its income taxes 66 t€. Public buyers bought 111 t€ from it in 2022–2024; the largest buyer is Järvenpään Vesi (Järvenpää).
Revenue 2026788 t€-6 % on the previous year
Operating profit275 t€34,9 % of revenue
Net profit222 t€EBITDA 197 t€
Equity ratio97,4 %quick ratio 11,16
Taxable income 2024326 t€
top quarter of its industry
Income taxes 202466 t€303 t€ in 2020–2024
In business27 yrsregistered 21.6.1999
Sales to public buyers111 t€2022–2024
Financials
RevenueOperating profitNet profit
| Key figures | 30.6.2026 | 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 |
|---|---|---|---|---|---|---|
| Revenue | 788 t€ | 840 t€ | 843 t€ | 780 t€ | 756 t€ | 716 t€ |
| Revenue change | -6,2 % | -0,3 % | 8,1 % | 3,2 % | 5,6 % | – |
| EBITDA | 197 t€ | 414 t€ | 455 t€ | 397 t€ | 403 t€ | 418 t€ |
| EBITDA % | 25,0 % | 49,3 % | 54,0 % | 50,9 % | 53,3 % | 58,3 % |
| Operating profit | 275 t€ | 311 t€ | 326 t€ | 227 t€ | 298 t€ | 294 t€ |
| Operating margin | 34,9 % | 37,0 % | 38,7 % | 29,2 % | 39,5 % | 41,1 % |
| Net profit | 222 t€ | 249 t€ | 261 t€ | 201 t€ | 220 t€ | 237 t€ |
| Personnel costs | -237 t€ | 224 t€ | 195 t€ | 182 t€ | 169 t€ | 149 t€ |
| Equity ratio | 97,4 % | 96,7 % | 97,2 % | 97,6 % | 97,6 % | 97,9 % |
| Quick ratio | 11,16 | 7,98 | 7,98 | 6,55 | 10,12 | 41,03 |
| Current ratio | 11,16 | 7,98 | 7,98 | 6,55 | 10,12 | 41,03 |
| Debt to revenue | 9,0 % | 10,9 % | 8,9 % | 8,1 % | 8,3 % | 7,8 % |
| Return on equity | 8,2 % | 9,2 % | 9,8 % | 7,7 % | 8,4 % | 9,1 % |
| Balance sheet total | 2,8 M€ | 2,8 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ |
| Equity | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,6 M€ | 2,6 M€ | 2,6 M€ |
| Cash and bank | 717 t€ | 659 t€ | 505 t€ | 336 t€ | 559 t€ | 2,2 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.6.2026 | 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 788 t€ | 840 t€ | 843 t€ | 780 t€ | 756 t€ | 716 t€ |
| Raw materials and services | 119 t€ | -123 t€ | -108 t€ | -113 t€ | -102 t€ | -88 t€ |
| Personnel expenses | 237 t€ | -224 t€ | -195 t€ | -182 t€ | -169 t€ | -149 t€ |
| Depreciations and reductions in value | 78 t€ | -103 t€ | -129 t€ | -170 t€ | -105 t€ | -123 t€ |
| Other operating expenses | 79 t€ | -78 t€ | -84 t€ | -87 t€ | -82 t€ | -61 t€ |
| Operating profit (loss) | 275 t€ | 311 t€ | 326 t€ | 227 t€ | 298 t€ | 294 t€ |
| Financial income and expenses + (-) | -2 613 € | -1 € | 5 € | 19 t€ | -19 t€ | 1 306 € |
| Profit (loss) before appropriations and taxes | 277 t€ | 311 t€ | 326 t€ | 246 t€ | 280 t€ | 296 t€ |
| Income taxes | 56 t€ | -62 t€ | -65 t€ | -46 t€ | -60 t€ | -59 t€ |
| Profit (loss) for the financial year | 222 t€ | 249 t€ | 261 t€ | 201 t€ | 220 t€ | 237 t€ |
Balance sheet
| 30.6.2026 | 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 2,0 M€ | 2,1 M€ | 2,1 M€ | 2,3 M€ | 2,0 M€ | 370 t€ |
| Receivables | 78 t€ | 71 t€ | 95 t€ | 79 t€ | 80 t€ | 97 t€ |
| Cash in hand and at banks | 717 t€ | 659 t€ | 505 t€ | 336 t€ | 559 t€ | 2,2 M€ |
| Current assets | 794 t€ | 730 t€ | 600 t€ | 415 t€ | 639 t€ | 2,3 M€ |
| Assets | 2,8 M€ | 2,8 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,6 M€ | 2,6 M€ | 2,6 M€ |
| Short-term liabilities | 71 t€ | 92 t€ | 75 t€ | 63 t€ | 63 t€ | 56 t€ |
| Liabilities | 71 t€ | 92 t€ | 75 t€ | 63 t€ | 63 t€ | 56 t€ |
All financial statement items (42)
| 30.6.2026 | 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 788 t€ | 840 t€ | 843 t€ | 780 t€ | 756 t€ | 716 t€ |
| Raw materials and services | 119 t€ | -123 t€ | -108 t€ | -113 t€ | -102 t€ | -88 t€ |
| Personnel expenses | 237 t€ | -224 t€ | -195 t€ | -182 t€ | -169 t€ | -149 t€ |
| Depreciations and reductions in value | 78 t€ | -103 t€ | -129 t€ | -170 t€ | -105 t€ | -123 t€ |
| Other operating expenses | 79 t€ | -78 t€ | -84 t€ | -87 t€ | -82 t€ | -61 t€ |
| Operating profit (loss) | 275 t€ | 311 t€ | 326 t€ | 227 t€ | 298 t€ | 294 t€ |
| Financial income and expenses + (-) | -2 613 € | -1 € | 5 € | 19 t€ | -19 t€ | 1 306 € |
| Profit (loss) before appropriations and taxes | 277 t€ | 311 t€ | 326 t€ | 246 t€ | 280 t€ | 296 t€ |
| Income taxes | 56 t€ | -62 t€ | -65 t€ | -46 t€ | -60 t€ | -59 t€ |
| Profit (loss) for the financial year | 222 t€ | 249 t€ | 261 t€ | 201 t€ | 220 t€ | 237 t€ |
| Non-current assets | 2,0 M€ | 2,1 M€ | 2,1 M€ | 2,3 M€ | 2,0 M€ | 370 t€ |
| Receivables | 78 t€ | 71 t€ | 95 t€ | 79 t€ | 80 t€ | 97 t€ |
| Cash in hand and at banks | 717 t€ | 659 t€ | 505 t€ | 336 t€ | 559 t€ | 2,2 M€ |
| Current assets | 794 t€ | 730 t€ | 600 t€ | 415 t€ | 639 t€ | 2,3 M€ |
| Assets | 2,8 M€ | 2,8 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,6 M€ | 2,6 M€ | 2,6 M€ |
| Short-term liabilities | 71 t€ | 92 t€ | 75 t€ | 63 t€ | 63 t€ | 56 t€ |
| Liabilities | 71 t€ | 92 t€ | 75 t€ | 63 t€ | 63 t€ | 56 t€ |
| Other current liabilities | 34 t€ | 36 t€ | 38 t€ | 42 t€ | 45 t€ | 39 t€ |
| Wages and salaries | 181 t€ | -171 t€ | -146 t€ | -139 t€ | -129 t€ | -106 t€ |
| Pension expenses | 46 t€ | -42 t€ | -38 t€ | -36 t€ | -34 t€ | -27 t€ |
| Tangible assets | 233 t€ | 310 t€ | 388 t€ | 509 t€ | 314 t€ | 370 t€ |
| Depreciations according to plan | 78 t€ | -103 t€ | -129 t€ | -170 t€ | -105 t€ | -123 t€ |
| Liabilities | 2,8 M€ | 2,8 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ | 2,7 M€ |
| Investments | 1,7 M€ | 1,7 M€ | 1,7 M€ | 1,7 M€ | 1,7 M€ | 0 € |
| Other social security expenses | 9 842 € | -11 t€ | -12 t€ | -7 759 € | -6 964 € | -16 t€ |
| Profit (loss) for the period, equity | 222 t€ | 249 t€ | 261 t€ | 201 t€ | 220 t€ | 237 t€ |
| Services purchased | 82 € | 0 € | – | – | 0 € | -120 € |
| Retained earnings | 2,5 M€ | 2,4 M€ | 2,4 M€ | 2,4 M€ | 2,4 M€ | 2,4 M€ |
| Purchases during the financial year | 119 t€ | -123 t€ | -108 t€ | -113 t€ | -102 t€ | -88 t€ |
| Impairment on investments for non-current assets | – | – | 0 € | 19 t€ | -19 t€ | 0 € |
| Short-term prepayments and accrued income | 16 t€ | 4 766 € | 7 201 € | 16 t€ | 14 t€ | 19 t€ |
| Other interest and financial income from non-group companies | 2 723 € | 44 € | 5 € | 5 € | 115 € | 1 313 € |
| Other shares and similar rights of ownership | 1,7 M€ | 1,7 M€ | 1,7 M€ | 1,7 M€ | 1,7 M€ | 0 € |
| Short-term accrued expenses and deferred income | 25 t€ | 43 t€ | 24 t€ | 11 t€ | 9 639 € | 7 949 € |
| Short-term sales receivables | 61 t€ | 67 t€ | 88 t€ | 63 t€ | 65 t€ | 77 t€ |
| Short-term receivables | 78 t€ | 71 t€ | 95 t€ | 79 t€ | 80 t€ | 97 t€ |
| Short-term loan receivables | – | – | – | – | 0 € | 448 € |
| Interest expenses and other financial expenses for non-Group companies | 109 € | -45 € | 0 € | -72 € | -63 € | -7 € |
| Machinery and equipment | 233 t€ | 310 t€ | 388 t€ | 509 t€ | 314 t€ | 370 t€ |
| Short-term accounts payable | 12 t€ | 12 t€ | 13 t€ | 11 t€ | 8 805 € | 9 079 € |
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, Gröndahl Elvetec Oy is in the top quarter of the industry class collection of non-hazardous waste (95 companies with taxable income; median 94 t€, 3,5 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.
Sales to public buyers
Largest buyers
Free monthly list: Järvenpää
Once a month by email: new leads in this municipality and its neighbours, the month's figures and the full list. No charge, no commitment, cancel any time.
Follow companies in your area
New companies, bankruptcies and changes of CEO and property manager in the areas and industries you choose, by email. 14-day free trial, cancel any time.
Try for free