TEN-Watt Oy is a limited company based in Helsinki, registered in 1999. In the financial year ending 31.12.2019, revenue was 1,6 M€ and operating profit 73 t€; equity ratio 44.9 %. Public buyers bought 9 700 € from it in 2023–2025; the largest buyer is Kasvatuksen Ja Koulutuksen Toimiala, Helsinki (Helsinki).
Revenue 20191,6 M€-12 % on the previous year
Operating profit73 t€4,6 % of revenue
Net profit28 t€EBITDA 118 t€
Equity ratio44,9 %quick ratio 0,62
Taxable income 20240 €
profit as taxed
Income taxes 20240 €75 t€ in 2020–2024
In business27 yrsregistered 16.9.1999
Sales to public buyers9 700 €2023–2025
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2019 | 31.12.2018 |
|---|---|---|
| Revenue | 1,6 M€ | 1,8 M€ |
| Revenue change | -12,2 % | – |
| EBITDA | 118 t€ | 263 t€ |
| EBITDA % | 7,5 % | 14,6 % |
| Operating profit | 73 t€ | 234 t€ |
| Operating margin | 4,6 % | 13,0 % |
| Net profit | 28 t€ | 193 t€ |
| Personnel costs | 585 t€ | 529 t€ |
| Equity ratio | 44,9 % | 52,8 % |
| Quick ratio | 0,62 | 0,84 |
| Current ratio | 0,63 | 0,84 |
| Debt to revenue | 21,4 % | 16,0 % |
| Return on equity | 10,3 % | 59,8 % |
| Balance sheet total | 613 t€ | 611 t€ |
| Equity | 275 t€ | 323 t€ |
| Cash and bank | 12 t€ | 42 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2019 | 31.12.2018 | |
|---|---|---|
| Turnover | 1,6 M€ | 1,8 M€ |
| Other operating income | 0 € | 1 304 € |
| Raw materials and services | -676 t€ | -839 t€ |
| Personnel expenses | -585 t€ | -529 t€ |
| Depreciations and reductions in value | -45 t€ | -29 t€ |
| Other operating expenses | -200 t€ | -169 t€ |
| Operating profit (loss) | 73 t€ | 234 t€ |
| Financial income and expenses + (-) | -31 t€ | -8 762 € |
| Profit (loss) before appropriations and taxes | 42 t€ | 225 t€ |
| Income taxes | -14 t€ | -32 t€ |
| Profit (loss) for the financial year | 28 t€ | 193 t€ |
Balance sheet
| 31.12.2019 | 31.12.2018 | |
|---|---|---|
| Non-current assets | 406 t€ | 370 t€ |
| Stocks | 2 823 € | 0 € |
| Receivables | 192 t€ | 199 t€ |
| Cash in hand and at banks | 12 t€ | 42 t€ |
| Current assets | 207 t€ | 242 t€ |
| Assets | 613 t€ | 611 t€ |
| Capital and reserves | 275 t€ | 323 t€ |
| Long-term liabilities | 10 t€ | 0 € |
| Short-term liabilities | 328 t€ | 289 t€ |
| Liabilities | 338 t€ | 289 t€ |
All financial statement items (49)
| 31.12.2019 | 31.12.2018 | |
|---|---|---|
| Turnover | 1,6 M€ | 1,8 M€ |
| Other operating income | 0 € | 1 304 € |
| Raw materials and services | -676 t€ | -839 t€ |
| Personnel expenses | -585 t€ | -529 t€ |
| Depreciations and reductions in value | -45 t€ | -29 t€ |
| Other operating expenses | -200 t€ | -169 t€ |
| Operating profit (loss) | 73 t€ | 234 t€ |
| Financial income and expenses + (-) | -31 t€ | -8 762 € |
| Profit (loss) before appropriations and taxes | 42 t€ | 225 t€ |
| Income taxes | -14 t€ | -32 t€ |
| Profit (loss) for the financial year | 28 t€ | 193 t€ |
| Non-current assets | 406 t€ | 370 t€ |
| Stocks | 2 823 € | 0 € |
| Receivables | 192 t€ | 199 t€ |
| Cash in hand and at banks | 12 t€ | 42 t€ |
| Current assets | 207 t€ | 242 t€ |
| Assets | 613 t€ | 611 t€ |
| Capital and reserves | 275 t€ | 323 t€ |
| Long-term liabilities | 10 t€ | 0 € |
| Short-term liabilities | 328 t€ | 289 t€ |
| Liabilities | 338 t€ | 289 t€ |
| Buildings and structures, Owned | 309 t€ | 322 t€ |
| Purchases during the financial year | -603 t€ | -822 t€ |
| Short-term receivables | 187 t€ | 193 t€ |
| Other short-term receivables | 1 969 € | 1 969 € |
| Work in progress | 2 823 € | 0 € |
| Short-term loan receivables | 32 t€ | 20 t€ |
| Profit (loss) for the period, equity | 28 t€ | 193 t€ |
| Tangible assets | 406 t€ | 370 t€ |
| Other long-term liabilities | 10 t€ | 0 € |
| Short-term accrued expenses and deferred income | 117 t€ | 80 t€ |
| Interest expenses and other financial expenses for non-Group companies | -31 t€ | -8 900 € |
| Other social security expenses | -12 t€ | -6 695 € |
| Short-term sales receivables | 130 t€ | 100 t€ |
| Other receivables | 4 836 € | 6 681 € |
| Depreciations according to plan | -45 t€ | -29 t€ |
| Other current liabilities | 86 t€ | 66 t€ |
| Inventory increase (+) or decrease (-) | 2 823 € | 0 € |
| Short-term accounts payable | 112 t€ | 143 t€ |
| Retained earnings | 238 t€ | 121 t€ |
| Machinery and equipment | 97 t€ | 48 t€ |
| Long-term receivables | 4 836 € | 6 681 € |
| Wages and salaries | -493 t€ | -443 t€ |
| Other interest and financial income from non-group companies | 19 € | 138 € |
| Short-term liabilities to credit institutions | 13 t€ | 0 € |
| Pension expenses | -80 t€ | -80 t€ |
| Services purchased | -76 t€ | -17 t€ |
| Liabilities | 613 t€ | 611 t€ |
| Short-term prepayments and accrued income | 23 t€ | 71 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.
Sales to public buyers
Largest buyers
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