Kuortaneen energiaosuuskunta is a cooperative based in Kuortane, registered in 2000. In the financial year ending 31.12.2024, revenue was 1,2 M€ and operating profit 251 t€; equity ratio 40.1 %. Its taxable income in 2024 was 175 t€ and its income taxes 36 t€.
Revenue 20241,2 M€+4 % on the previous year
Operating profit251 t€20,1 % of revenue
Net profit140 t€EBITDA 402 t€
Equity ratio40,1 %quick ratio 1,38
Taxable income 2024175 t€
top quarter of its industry
Income taxes 202436 t€142 t€ in 2020–2024
In business26 yrsregistered 18.10.2000
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 1,2 M€ | 1,2 M€ |
| Revenue change | 3,8 % | – |
| EBITDA | 402 t€ | 387 t€ |
| EBITDA % | 32,2 % | 32,1 % |
| Operating profit | 251 t€ | 227 t€ |
| Operating margin | 20,1 % | 18,9 % |
| Net profit | 140 t€ | 127 t€ |
| Personnel costs | 104 t€ | 83 t€ |
| Equity ratio | 40,1 % | 41,7 % |
| Quick ratio | 1,38 | 2,89 |
| Current ratio | 1,62 | 3,48 |
| Debt to revenue | 143,1 % | 123,6 % |
| Return on equity | 11,7 % | 11,9 % |
| Balance sheet total | 3,0 M€ | 2,6 M€ |
| Equity | 1,2 M€ | 1,1 M€ |
| Cash and bank | 610 t€ | 552 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 1,2 M€ | 1,2 M€ |
| Other operating income | 43 t€ | 19 t€ |
| Raw materials and services | -618 t€ | -619 t€ |
| Personnel expenses | -104 t€ | -83 t€ |
| Depreciations and reductions in value | -151 t€ | -160 t€ |
| Other operating expenses | -168 t€ | -133 t€ |
| Operating profit (loss) | 251 t€ | 227 t€ |
| Financial income and expenses + (-) | -76 t€ | -69 t€ |
| Profit (loss) before appropriations and taxes | 175 t€ | 158 t€ |
| Income taxes | -35 t€ | -32 t€ |
| Profit (loss) for the financial year | 140 t€ | 127 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 1,8 M€ | 1,6 M€ |
| Stocks | 174 t€ | 167 t€ |
| Receivables | 372 t€ | 273 t€ |
| Cash in hand and at banks | 610 t€ | 552 t€ |
| Current assets | 1,2 M€ | 992 t€ |
| Assets | 3,0 M€ | 2,6 M€ |
| Capital and reserves | 1,2 M€ | 1,1 M€ |
| Long-term liabilities | 1,1 M€ | 1,2 M€ |
| Short-term liabilities | 712 t€ | 285 t€ |
| Liabilities | 1,8 M€ | 1,5 M€ |
All financial statement items (49)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 1,2 M€ | 1,2 M€ |
| Other operating income | 43 t€ | 19 t€ |
| Raw materials and services | -618 t€ | -619 t€ |
| Personnel expenses | -104 t€ | -83 t€ |
| Depreciations and reductions in value | -151 t€ | -160 t€ |
| Other operating expenses | -168 t€ | -133 t€ |
| Operating profit (loss) | 251 t€ | 227 t€ |
| Financial income and expenses + (-) | -76 t€ | -69 t€ |
| Profit (loss) before appropriations and taxes | 175 t€ | 158 t€ |
| Income taxes | -35 t€ | -32 t€ |
| Profit (loss) for the financial year | 140 t€ | 127 t€ |
| Non-current assets | 1,8 M€ | 1,6 M€ |
| Stocks | 174 t€ | 167 t€ |
| Receivables | 372 t€ | 273 t€ |
| Cash in hand and at banks | 610 t€ | 552 t€ |
| Current assets | 1,2 M€ | 992 t€ |
| Assets | 3,0 M€ | 2,6 M€ |
| Capital and reserves | 1,2 M€ | 1,1 M€ |
| Long-term liabilities | 1,1 M€ | 1,2 M€ |
| Short-term liabilities | 712 t€ | 285 t€ |
| Liabilities | 1,8 M€ | 1,5 M€ |
| Buildings and structures, Owned | 1,3 M€ | 1,4 M€ |
| Finished products | 174 t€ | 167 t€ |
| Other short-term receivables | 74 t€ | 0 € |
| Other current liabilities | 18 t€ | 53 t€ |
| Retained earnings | 914 t€ | 794 t€ |
| Short-term prepayments and accrued income | 65 t€ | 2 446 € |
| Advance payments and construction in progress | 351 t€ | 5 015 € |
| Short-term sales receivables | 232 t€ | 271 t€ |
| Short-term accounts payable | 521 t€ | 68 t€ |
| Purchases during the financial year | -326 t€ | -428 t€ |
| Profit (loss) for the period, equity | 140 t€ | 127 t€ |
| Short-term receivables | 372 t€ | 273 t€ |
| Interest expenses and other financial expenses for non-Group companies | -76 t€ | -69 t€ |
| Tangible assets | 1,8 M€ | 1,6 M€ |
| Wages and salaries | -87 t€ | -71 t€ |
| Short-term accrued expenses and deferred income | 53 t€ | 45 t€ |
| Liabilities | 3,0 M€ | 2,6 M€ |
| Other interest and financial income from non-group companies | 13 € | 41 € |
| Other social security expenses | -2 111 € | -1 665 € |
| Long-term liabilities to credit institutions | 1,1 M€ | 1,2 M€ |
| Other tangible assets | 0 € | 1 185 € |
| Machinery and equipment | 77 t€ | 82 t€ |
| Depreciations according to plan | -151 t€ | -160 t€ |
| Services purchased | -299 t€ | -220 t€ |
| Land and water areas, Owned | 82 t€ | 82 t€ |
| Short-term liabilities to credit institutions | 120 t€ | 120 t€ |
| Inventory increase (+) or decrease (-) | 7 378 € | 29 t€ |
| Pension expenses | -14 t€ | -9 877 € |
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, Kuortaneen energiaosuuskunta is in the top quarter of the industry class steam and air conditioning supply (160 companies with taxable income; median 34 t€, 5,2 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.