Kesfin Oy is a limited company based in Tampere, registered in 2000. In the financial year ending 31.10.2025, revenue was 11,8 M€ and operating profit 179 t€; equity ratio 79.2 %. Its taxable income in 2024 was 65 t€ and its income taxes 13 t€. Public buyers bought 3 800 € from it in 2022–2025; the largest buyer is Kasvatuksen Ja Koulutuksen Toimiala, Helsinki (Helsinki).
Revenue 202511,8 M€+1 % on the previous year
Operating profit179 t€1,5 % of revenue
Net profit200 t€EBITDA 33 t€
Equity ratio79,2 %quick ratio 1,22
Taxable income 202465 t€
top 10 % of its industry
Income taxes 202413 t€743 t€ in 2020–2024
In business26 yrsregistered 11.8.2000
Sales to public buyers3 800 €2022–2025
Financials
RevenueOperating profitNet profit
| Key figures | 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 |
|---|---|---|---|---|---|---|
| Revenue | 11,8 M€ | 11,7 M€ | 13,6 M€ | 15,4 M€ | 15,7 M€ | 15,4 M€ |
| Revenue change | 0,6 % | -14,0 % | -11,6 % | -2,0 % | 1,6 % | – |
| EBITDA | 33 t€ | 185 t€ | 1,0 M€ | 1,4 M€ | 1,3 M€ | 1,3 M€ |
| EBITDA % | 0,3 % | 1,6 % | 7,6 % | 8,8 % | 8,6 % | 8,6 % |
| Operating profit | 179 t€ | 53 t€ | 884 t€ | 1,2 M€ | 1,0 M€ | 1,1 M€ |
| Operating margin | 1,5 % | 0,4 % | 6,5 % | 7,6 % | 6,6 % | 6,9 % |
| Net profit | 200 t€ | -85 t€ | 658 t€ | 792 t€ | 694 t€ | 728 t€ |
| Personnel costs | -6,4 M€ | 6,4 M€ | 6,3 M€ | 6,3 M€ | 6,4 M€ | 6,4 M€ |
| Equity ratio | 79,2 % | 81,3 % | 81,0 % | 78,3 % | 74,5 % | 76,6 % |
| Quick ratio | 1,22 | 1,28 | 1,41 | 1,52 | 1,43 | 1,41 |
| Current ratio | 4,09 | 4,55 | 4,49 | 3,90 | 3,26 | 3,47 |
| Debt to revenue | 18,8 % | 16,5 % | 15,3 % | 16,2 % | 19,5 % | 17,5 % |
| Return on equity | 2,4 % | -1,0 % | 7,5 % | 8,9 % | 7,9 % | 8,2 % |
| Balance sheet total | 10,6 M€ | 10,6 M€ | 11,0 M€ | 11,5 M€ | 12,0 M€ | 11,6 M€ |
| Equity | 8,3 M€ | 8,5 M€ | 8,8 M€ | 8,9 M€ | 8,8 M€ | 8,9 M€ |
| Cash and bank | 1,4 M€ | 1,2 M€ | 1,8 M€ | 2,4 M€ | 3,0 M€ | 2,7 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 11,8 M€ | 11,7 M€ | 13,6 M€ | 15,4 M€ | 15,7 M€ | 15,4 M€ |
| Other operating income | 44 t€ | 60 t€ | 90 t€ | 36 t€ | 185 t€ | 222 t€ |
| Raw materials and services | 2,2 M€ | -2,3 M€ | -3,4 M€ | -4,7 M€ | -5,0 M€ | -4,8 M€ |
| Personnel expenses | 6,4 M€ | -6,4 M€ | -6,3 M€ | -6,3 M€ | -6,4 M€ | -6,4 M€ |
| Depreciations and reductions in value | 146 t€ | -133 t€ | -147 t€ | -187 t€ | -314 t€ | -263 t€ |
| Other operating expenses | 2,8 M€ | -2,9 M€ | -3,0 M€ | -3,1 M€ | -3,2 M€ | -3,2 M€ |
| Operating profit (loss) | 179 t€ | 53 t€ | 884 t€ | 1,2 M€ | 1,0 M€ | 1,1 M€ |
| Financial income and expenses + (-) | -27 t€ | -104 t€ | -45 t€ | -165 t€ | -59 t€ | -218 t€ |
| Profit (loss) before appropriations and taxes | 206 t€ | -51 t€ | 838 t€ | 1,0 M€ | 976 t€ | 846 t€ |
| Income taxes | 33 t€ | -10 t€ | -176 t€ | -236 t€ | -187 t€ | -119 t€ |
| Profit (loss) for the financial year | 200 t€ | -85 t€ | 658 t€ | 792 t€ | 694 t€ | 728 t€ |
Balance sheet
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 1,5 M€ | 1,7 M€ | 1,6 M€ | 1,7 M€ | 2,2 M€ | 2,1 M€ |
| Stocks | 6,4 M€ | 6,4 M€ | 6,4 M€ | 5,9 M€ | 5,5 M€ | 5,6 M€ |
| Receivables | 1,2 M€ | 1,2 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,1 M€ |
| Cash in hand and at banks | 1,4 M€ | 1,2 M€ | 1,8 M€ | 2,4 M€ | 3,0 M€ | 2,7 M€ |
| Current assets | 9,1 M€ | 8,8 M€ | 9,4 M€ | 9,7 M€ | 9,8 M€ | 9,5 M€ |
| Assets | 10,6 M€ | 10,6 M€ | 11,0 M€ | 11,5 M€ | 12,0 M€ | 11,6 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 8,3 M€ | 8,5 M€ | 8,8 M€ | 8,9 M€ | 8,8 M€ | 8,9 M€ |
| Appropriations | 69 t€ | 96 t€ | 72 t€ | 68 t€ | 95 t€ | 0 € |
| Long-term liabilities | – | – | – | 0 € | 64 t€ | 0 € |
| Short-term liabilities | 2,2 M€ | 1,9 M€ | 2,1 M€ | 2,5 M€ | 3,0 M€ | 2,7 M€ |
| Liabilities | 2,2 M€ | 1,9 M€ | 2,1 M€ | 2,5 M€ | 3,1 M€ | 2,7 M€ |
All financial statement items (66)
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | 31.10.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 11,8 M€ | 11,7 M€ | 13,6 M€ | 15,4 M€ | 15,7 M€ | 15,4 M€ |
| Other operating income | 44 t€ | 60 t€ | 90 t€ | 36 t€ | 185 t€ | 222 t€ |
| Raw materials and services | 2,2 M€ | -2,3 M€ | -3,4 M€ | -4,7 M€ | -5,0 M€ | -4,8 M€ |
| Personnel expenses | 6,4 M€ | -6,4 M€ | -6,3 M€ | -6,3 M€ | -6,4 M€ | -6,4 M€ |
| Depreciations and reductions in value | 146 t€ | -133 t€ | -147 t€ | -187 t€ | -314 t€ | -263 t€ |
| Other operating expenses | 2,8 M€ | -2,9 M€ | -3,0 M€ | -3,1 M€ | -3,2 M€ | -3,2 M€ |
| Operating profit (loss) | 179 t€ | 53 t€ | 884 t€ | 1,2 M€ | 1,0 M€ | 1,1 M€ |
| Financial income and expenses + (-) | -27 t€ | -104 t€ | -45 t€ | -165 t€ | -59 t€ | -218 t€ |
| Profit (loss) before appropriations and taxes | 206 t€ | -51 t€ | 838 t€ | 1,0 M€ | 976 t€ | 846 t€ |
| Income taxes | 33 t€ | -10 t€ | -176 t€ | -236 t€ | -187 t€ | -119 t€ |
| Profit (loss) for the financial year | 200 t€ | -85 t€ | 658 t€ | 792 t€ | 694 t€ | 728 t€ |
| Non-current assets | 1,5 M€ | 1,7 M€ | 1,6 M€ | 1,7 M€ | 2,2 M€ | 2,1 M€ |
| Stocks | 6,4 M€ | 6,4 M€ | 6,4 M€ | 5,9 M€ | 5,5 M€ | 5,6 M€ |
| Receivables | 1,2 M€ | 1,2 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,1 M€ |
| Cash in hand and at banks | 1,4 M€ | 1,2 M€ | 1,8 M€ | 2,4 M€ | 3,0 M€ | 2,7 M€ |
| Current assets | 9,1 M€ | 8,8 M€ | 9,4 M€ | 9,7 M€ | 9,8 M€ | 9,5 M€ |
| Assets | 10,6 M€ | 10,6 M€ | 11,0 M€ | 11,5 M€ | 12,0 M€ | 11,6 M€ |
| Share capital or other similar capital | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € | 8 409 € |
| Capital and reserves | 8,3 M€ | 8,5 M€ | 8,8 M€ | 8,9 M€ | 8,8 M€ | 8,9 M€ |
| Appropriations | 69 t€ | 96 t€ | 72 t€ | 68 t€ | 95 t€ | 0 € |
| Long-term liabilities | – | – | – | 0 € | 64 t€ | 0 € |
| Short-term liabilities | 2,2 M€ | 1,9 M€ | 2,1 M€ | 2,5 M€ | 3,0 M€ | 2,7 M€ |
| Liabilities | 2,2 M€ | 1,9 M€ | 2,1 M€ | 2,5 M€ | 3,1 M€ | 2,7 M€ |
| Long-term liabilities to credit institutions | – | – | – | 0 € | 64 t€ | 0 € |
| Other current liabilities | 325 t€ | 409 t€ | 408 t€ | 958 t€ | 1,2 M€ | 794 t€ |
| Depreciation difference | 69 t€ | 96 t€ | 72 t€ | 68 t€ | 95 t€ | 0 € |
| Advance payments and construction in progress | 20 t€ | 20 t€ | 0 € | – | – | – |
| Wages and salaries | 5,2 M€ | -5,3 M€ | -5,2 M€ | -5,1 M€ | -5,3 M€ | -5,3 M€ |
| Advance payments | 0 € | 3 414 € | 0 € | 34 t€ | 38 t€ | 0 € |
| Income from other investments under non-current assets, from other companies | 120 € | 0 € | 140 € | 0 € | 270 € | 0 € |
| Short-term advances received | 15 t€ | 13 t€ | 15 t€ | 16 t€ | 18 t€ | 17 t€ |
| Inventory increase (+) or decrease (-) | -38 t€ | -97 t€ | 540 t€ | 443 t€ | -155 t€ | 808 t€ |
| Pension expenses | 948 t€ | -947 t€ | -911 t€ | -912 t€ | -912 t€ | -840 t€ |
| Tangible assets | 393 t€ | 519 t€ | 325 t€ | 426 t€ | 798 t€ | 675 t€ |
| Reductions in value of shares and holdings in current assets | -17 t€ | -74 t€ | -40 t€ | -68 t€ | -45 t€ | -117 t€ |
| Intangible assets | 38 t€ | 77 t€ | 115 t€ | 154 t€ | 192 t€ | 231 t€ |
| Increase (decrease) in deprecation difference | -27 t€ | -24 t€ | -3 770 € | 27 t€ | -95 t€ | 0 € |
| Long-term sales receivables | 63 t€ | 13 t€ | 0 € | 3 010 € | 3 904 € | 3 279 € |
| Depreciations according to plan | 146 t€ | -133 t€ | -147 t€ | -187 t€ | -314 t€ | -263 t€ |
| Liabilities | 10,6 M€ | 10,6 M€ | 11,0 M€ | 11,5 M€ | 12,0 M€ | 11,6 M€ |
| Other short-term receivables | 337 t€ | 391 t€ | 426 t€ | 480 t€ | 516 t€ | 545 t€ |
| Investments | 1,1 M€ | 1,1 M€ | 1,1 M€ | 1,1 M€ | 1,2 M€ | 1,2 M€ |
| Other social security expenses | 223 t€ | -195 t€ | -223 t€ | -224 t€ | -205 t€ | -232 t€ |
| Other intangible assets | 38 t€ | 77 t€ | 115 t€ | 154 t€ | 192 t€ | 231 t€ |
| Other long-term receivables | – | – | – | – | 0 € | 1 687 € |
| Profit (loss) for the period, equity | 200 t€ | -85 t€ | 658 t€ | 792 t€ | 694 t€ | 728 t€ |
| Other shares and holdings | 109 t€ | 79 t€ | 73 t€ | 55 t€ | 38 t€ | 20 t€ |
| Services purchased | 0 € | -1 067 € | -12 t€ | -3 375 € | -14 t€ | -25 t€ |
| Other mandatory provisions | 0 € | 36 t€ | 0 € | – | – | – |
| Retained earnings | 8,1 M€ | 8,5 M€ | 8,1 M€ | 8,1 M€ | 8,1 M€ | 8,1 M€ |
| Short-term liabilities to credit institutions | – | – | – | 0 € | 3 069 € | 0 € |
| Purchases during the financial year | 2,3 M€ | -2,2 M€ | -3,9 M€ | -5,1 M€ | -4,8 M€ | -5,5 M€ |
| Finished products | 6,4 M€ | 6,4 M€ | 6,4 M€ | 5,9 M€ | 5,5 M€ | 5,6 M€ |
| Impairment on investments for non-current assets | 0 € | -34 t€ | 0 € | -90 t€ | 0 € | -89 t€ |
| Long-term receivables | 63 t€ | 13 t€ | 0 € | 3 010 € | 3 904 € | 4 965 € |
| Short-term prepayments and accrued income | 521 t€ | 653 t€ | 509 t€ | 508 t€ | 468 t€ | 433 t€ |
| Other interest and financial income from non-group companies | 19 t€ | 17 t€ | 3 321 € | 3 861 € | 555 € | 124 € |
| Other shares and similar rights of ownership | 1,1 M€ | 1,1 M€ | 1,1 M€ | 1,1 M€ | 1,2 M€ | 1,2 M€ |
| Short-term accrued expenses and deferred income | 1,4 M€ | 1,3 M€ | 1,2 M€ | 1,2 M€ | 1,2 M€ | 1,2 M€ |
| Shares and holdings | 109 t€ | 79 t€ | 73 t€ | 55 t€ | 38 t€ | 20 t€ |
| Short-term sales receivables | 156 t€ | 116 t€ | 165 t€ | 310 t€ | 215 t€ | 154 t€ |
| Short-term receivables | 1,1 M€ | 1,2 M€ | 1,1 M€ | 1,3 M€ | 1,2 M€ | 1,1 M€ |
| Short-term loan receivables | 100 t€ | 0 € | – | – | – | – |
| Interest expenses and other financial expenses for non-Group companies | 8 429 € | -14 t€ | -8 678 € | -10 t€ | -15 t€ | -12 t€ |
| Machinery and equipment | 373 t€ | 499 t€ | 325 t€ | 426 t€ | 798 t€ | 675 t€ |
| Short-term accounts payable | 510 t€ | 271 t€ | 450 t€ | 352 t€ | 539 t€ | 717 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, Kesfin Oy is in the top 10 % of the industry class beauty care and other beauty treatment activities (336 companies with taxable income; median 7 253 €, 9,0 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.
Sales to public buyers
Largest buyers
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