Independent Express Finland Oy is a limited company based in Vantaa, registered in 1999. In the financial year ending 28.2.2026, revenue was 1,7 M€ and operating profit 157 t€; equity ratio 65.3 %. Its taxable income in 2024 was 29 t€ and its income taxes 5 827 €. Public buyers bought 901 € from it in 2023–2023; the largest buyer is Opetus- ja kulttuuriministeriö (Opetus- ja kulttuuriministeriön hallinnonala).
Financials
| Key figures | 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 |
|---|---|---|---|---|
| Revenue | 1,7 M€ | 1,5 M€ | 1,1 M€ | 1,4 M€ |
| Revenue change | 15,8 % | 33,5 % | -20,9 % | – |
| EBITDA | 156 t€ | 67 t€ | 35 t€ | 143 t€ |
| EBITDA % | 9,0 % | 4,5 % | 3,1 % | 10,1 % |
| Operating profit | 157 t€ | 63 t€ | 27 t€ | 127 t€ |
| Operating margin | 9,0 % | 4,2 % | 2,4 % | 9,0 % |
| Net profit | 126 t€ | 50 t€ | 24 t€ | 98 t€ |
| Personnel costs | -380 t€ | 365 t€ | 302 t€ | 360 t€ |
| Equity ratio | 65,3 % | 69,3 % | 76,4 % | 63,2 % |
| Quick ratio | 2,87 | 3,22 | 4,12 | 2,63 |
| Current ratio | 2,87 | 3,22 | 4,12 | 2,63 |
| Debt to revenue | 10,0 % | 7,0 % | 6,0 % | 9,5 % |
| Return on equity | 38,3 % | 21,2 % | 10,9 % | 42,3 % |
| Balance sheet total | 502 t€ | 342 t€ | 284 t€ | 367 t€ |
| Equity | 328 t€ | 237 t€ | 217 t€ | 232 t€ |
| Cash and bank | 201 t€ | 178 t€ | 118 t€ | 218 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Turnover | 1,7 M€ | 1,5 M€ | 1,1 M€ | 1,4 M€ |
| Other operating income | 524 € | 1 386 € | 0 € | 50 t€ |
| Raw materials and services | 1,0 M€ | -871 t€ | -567 t€ | -752 t€ |
| Personnel expenses | 380 t€ | -365 t€ | -302 t€ | -360 t€ |
| Depreciations and reductions in value | 965 € | -3 859 € | -7 717 € | -15 t€ |
| Other operating expenses | 192 t€ | -196 t€ | -219 t€ | -215 t€ |
| Operating profit (loss) | 157 t€ | 63 t€ | 27 t€ | 127 t€ |
| Financial income and expenses + (-) | -30 € | 25 € | -261 € | -676 € |
| Profit (loss) before appropriations and taxes | 157 t€ | 63 t€ | 27 t€ | 127 t€ |
| Income taxes | 31 t€ | -13 t€ | -3 526 € | -28 t€ |
| Profit (loss) for the financial year | 126 t€ | 50 t€ | 24 t€ | 98 t€ |
Balance sheet
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Non-current assets | 2 894 € | 3 859 € | 7 717 € | 15 t€ |
| Receivables | 298 t€ | 160 t€ | 158 t€ | 134 t€ |
| Cash in hand and at banks | 201 t€ | 178 t€ | 118 t€ | 218 t€ |
| Current assets | 499 t€ | 339 t€ | 276 t€ | 352 t€ |
| Assets | 502 t€ | 342 t€ | 284 t€ | 367 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 328 t€ | 237 t€ | 217 t€ | 232 t€ |
| Long-term liabilities | – | – | 0 € | 1 524 € |
| Short-term liabilities | 174 t€ | 105 t€ | 67 t€ | 134 t€ |
| Liabilities | 174 t€ | 105 t€ | 67 t€ | 135 t€ |
All financial statement items (45)
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|---|
| Turnover | 1,7 M€ | 1,5 M€ | 1,1 M€ | 1,4 M€ |
| Other operating income | 524 € | 1 386 € | 0 € | 50 t€ |
| Raw materials and services | 1,0 M€ | -871 t€ | -567 t€ | -752 t€ |
| Personnel expenses | 380 t€ | -365 t€ | -302 t€ | -360 t€ |
| Depreciations and reductions in value | 965 € | -3 859 € | -7 717 € | -15 t€ |
| Other operating expenses | 192 t€ | -196 t€ | -219 t€ | -215 t€ |
| Operating profit (loss) | 157 t€ | 63 t€ | 27 t€ | 127 t€ |
| Financial income and expenses + (-) | -30 € | 25 € | -261 € | -676 € |
| Profit (loss) before appropriations and taxes | 157 t€ | 63 t€ | 27 t€ | 127 t€ |
| Income taxes | 31 t€ | -13 t€ | -3 526 € | -28 t€ |
| Profit (loss) for the financial year | 126 t€ | 50 t€ | 24 t€ | 98 t€ |
| Non-current assets | 2 894 € | 3 859 € | 7 717 € | 15 t€ |
| Receivables | 298 t€ | 160 t€ | 158 t€ | 134 t€ |
| Cash in hand and at banks | 201 t€ | 178 t€ | 118 t€ | 218 t€ |
| Current assets | 499 t€ | 339 t€ | 276 t€ | 352 t€ |
| Assets | 502 t€ | 342 t€ | 284 t€ | 367 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 328 t€ | 237 t€ | 217 t€ | 232 t€ |
| Long-term liabilities | – | – | 0 € | 1 524 € |
| Short-term liabilities | 174 t€ | 105 t€ | 67 t€ | 134 t€ |
| Liabilities | 174 t€ | 105 t€ | 67 t€ | 135 t€ |
| Other current liabilities | 74 t€ | 8 440 € | 16 t€ | 20 t€ |
| Short-term advances received | 123 € | 0 € | – | – |
| Liabilities | 502 t€ | 342 t€ | 284 t€ | 367 t€ |
| Short-term receivables | 261 t€ | 139 t€ | 142 t€ | 118 t€ |
| Other short-term receivables | 20 t€ | 15 t€ | 16 t€ | 5 813 € |
| Other interest and financial income from non-group companies | 314 € | 92 € | 279 € | 271 € |
| Long-term accounts payable | – | – | 0 € | 1 524 € |
| Machinery and equipment | 2 894 € | 3 859 € | 7 717 € | 15 t€ |
| Retained earnings | 194 t€ | 179 t€ | 185 t€ | 126 t€ |
| Short-term accounts payable | 59 t€ | 82 t€ | 35 t€ | 76 t€ |
| Wages and salaries | 317 t€ | -291 t€ | -260 t€ | -296 t€ |
| Short-term sales receivables | 230 t€ | 100 t€ | 122 t€ | 112 t€ |
| Profit (loss) for the period, equity | 126 t€ | 50 t€ | 24 t€ | 98 t€ |
| Interest expenses and other financial expenses for non-Group companies | 284 € | -67 € | -540 € | -948 € |
| Long-term receivables | 37 t€ | 21 t€ | 16 t€ | 16 t€ |
| Short-term prepayments and accrued income | 10 t€ | 24 t€ | 3 490 € | 0 € |
| Pension expenses | 40 t€ | -48 t€ | -28 t€ | -42 t€ |
| Other social security expenses | 23 t€ | -26 t€ | -14 t€ | -22 t€ |
| Services purchased | 1,0 M€ | -868 t€ | -559 t€ | -740 t€ |
| Other long-term receivables | 37 t€ | 21 t€ | 16 t€ | 16 t€ |
| Tangible assets | 2 894 € | 3 859 € | 7 717 € | 15 t€ |
| Purchases during the financial year | 12 € | -3 324 € | -7 675 € | -12 t€ |
| Depreciations according to plan | 965 € | -3 859 € | -7 717 € | -15 t€ |
| Short-term accrued expenses and deferred income | 40 t€ | 15 t€ | 16 t€ | 38 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, Independent Express Finland Oy is in the lower half of the industry class logistics service activities (258 companies with taxable income; median 40 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
Largest buyers
Free monthly list: Vantaa
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