ELS-Welding Oy is a limited company based in Seinäjoki, registered in 2002. In the financial year ending 30.6.2026, revenue was 94 t€ and operating profit 22 t€; equity ratio 53.3 %. Its taxable income in 2024 was 4 797 € and its income taxes 959 €.
Revenue 202694 t€+33 % on the previous year
Operating profit22 t€24,0 % of revenue
Net profit15 t€EBITDA 18 t€
Equity ratio53,3 %quick ratio 2,20
Taxable income 20244 797 €
lower half of its industry
Income taxes 2024959 €7 899 € in 2020–2024
In business24 yrsregistered 19.7.2002
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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 | 94 t€ | 70 t€ | 121 t€ | 78 t€ | 103 t€ | 86 t€ |
| Revenue change | 32,8 % | -41,9 % | 55,4 % | -24,2 % | 19,5 % | – |
| EBITDA | 18 t€ | 18 t€ | 30 t€ | -6 070 € | 21 t€ | 29 t€ |
| EBITDA % | 19,5 % | 25,4 % | 24,5 % | -7,8 % | 20,8 % | 33,3 % |
| Operating profit | 22 t€ | 12 t€ | 22 t€ | -16 t€ | 8 087 € | 24 t€ |
| Operating margin | 24,0 % | 17,4 % | 18,3 % | -20,6 % | 7,9 % | 27,7 % |
| Net profit | 15 t€ | 12 t€ | 20 t€ | -17 t€ | 6 003 € | 19 t€ |
| Personnel costs | -37 t€ | 27 t€ | 54 t€ | 49 t€ | 50 t€ | 28 t€ |
| Equity ratio | 53,3 % | 51,4 % | 27,9 % | 3,4 % | 36,7 % | 75,8 % |
| Quick ratio | 2,20 | 2,90 | 1,53 | 0,96 | 1,95 | 3,03 |
| Current ratio | 2,20 | 2,90 | 1,53 | 0,96 | 1,95 | 3,03 |
| Debt to revenue | 34,9 % | 36,8 % | 46,4 % | 74,7 % | 65,9 % | 15,3 % |
| Return on equity | 39,7 % | 42,2 % | 90,5 % | -826,2 % | 15,3 % | 46,1 % |
| Balance sheet total | 70 t€ | 53 t€ | 78 t€ | 60 t€ | 107 t€ | 54 t€ |
| Equity | 37 t€ | 27 t€ | 22 t€ | 2 075 € | 39 t€ | 41 t€ |
| Cash and bank | 26 t€ | 16 t€ | 43 t€ | 24 t€ | 18 t€ | 22 t€ |
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 | 94 t€ | 70 t€ | 121 t€ | 78 t€ | 103 t€ | 86 t€ |
| Other operating income | 0 € | 148 € | 0 € | 0 € | 1 338 € | 0 € |
| Raw materials and services | 0 € | -156 € | 0 € | -197 € | -211 € | -143 € |
| Personnel expenses | 37 t€ | -27 t€ | -54 t€ | -49 t€ | -50 t€ | -28 t€ |
| Depreciations and reductions in value | 4 210 € | -5 613 € | -7 484 € | -9 978 € | -13 t€ | -4 816 € |
| Other operating expenses | 30 t€ | -25 t€ | -38 t€ | -34 t€ | -32 t€ | -29 t€ |
| Operating profit (loss) | 22 t€ | 12 t€ | 22 t€ | -16 t€ | 8 087 € | 24 t€ |
| Financial income and expenses + (-) | 800 € | -689 € | -1 542 € | -1 095 € | -541 € | -91 € |
| Profit (loss) before appropriations and taxes | 22 t€ | 12 t€ | 21 t€ | -17 t€ | 7 546 € | 24 t€ |
| Income taxes | 6 880 € | 0 € | -959 € | 0 € | -1 543 € | -4 774 € |
| Profit (loss) for the financial year | 15 t€ | 12 t€ | 20 t€ | -17 t€ | 6 003 € | 19 t€ |
Balance sheet
| 30.6.2026 | 30.6.2025 | 30.6.2024 | 30.6.2023 | 30.6.2022 | 30.6.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 13 t€ | 17 t€ | 22 t€ | 30 t€ | 40 t€ | 14 t€ |
| Receivables | 31 t€ | 21 t€ | 13 t€ | 5 956 € | 49 t€ | 18 t€ |
| Cash in hand and at banks | 26 t€ | 16 t€ | 43 t€ | 24 t€ | 18 t€ | 22 t€ |
| Current assets | 57 t€ | 36 t€ | 56 t€ | 30 t€ | 67 t€ | 40 t€ |
| Assets | 70 t€ | 53 t€ | 78 t€ | 60 t€ | 107 t€ | 54 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 37 t€ | 27 t€ | 22 t€ | 2 075 € | 39 t€ | 41 t€ |
| Long-term liabilities | 6 667 € | 13 t€ | 20 t€ | 27 t€ | 33 t€ | 0 € |
| Short-term liabilities | 26 t€ | 13 t€ | 36 t€ | 32 t€ | 34 t€ | 13 t€ |
| Liabilities | 33 t€ | 26 t€ | 56 t€ | 58 t€ | 68 t€ | 13 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 | 94 t€ | 70 t€ | 121 t€ | 78 t€ | 103 t€ | 86 t€ |
| Other operating income | 0 € | 148 € | 0 € | 0 € | 1 338 € | 0 € |
| Raw materials and services | 0 € | -156 € | 0 € | -197 € | -211 € | -143 € |
| Personnel expenses | 37 t€ | -27 t€ | -54 t€ | -49 t€ | -50 t€ | -28 t€ |
| Depreciations and reductions in value | 4 210 € | -5 613 € | -7 484 € | -9 978 € | -13 t€ | -4 816 € |
| Other operating expenses | 30 t€ | -25 t€ | -38 t€ | -34 t€ | -32 t€ | -29 t€ |
| Operating profit (loss) | 22 t€ | 12 t€ | 22 t€ | -16 t€ | 8 087 € | 24 t€ |
| Financial income and expenses + (-) | 800 € | -689 € | -1 542 € | -1 095 € | -541 € | -91 € |
| Profit (loss) before appropriations and taxes | 22 t€ | 12 t€ | 21 t€ | -17 t€ | 7 546 € | 24 t€ |
| Income taxes | 6 880 € | 0 € | -959 € | 0 € | -1 543 € | -4 774 € |
| Profit (loss) for the financial year | 15 t€ | 12 t€ | 20 t€ | -17 t€ | 6 003 € | 19 t€ |
| Non-current assets | 13 t€ | 17 t€ | 22 t€ | 30 t€ | 40 t€ | 14 t€ |
| Receivables | 31 t€ | 21 t€ | 13 t€ | 5 956 € | 49 t€ | 18 t€ |
| Cash in hand and at banks | 26 t€ | 16 t€ | 43 t€ | 24 t€ | 18 t€ | 22 t€ |
| Current assets | 57 t€ | 36 t€ | 56 t€ | 30 t€ | 67 t€ | 40 t€ |
| Assets | 70 t€ | 53 t€ | 78 t€ | 60 t€ | 107 t€ | 54 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 37 t€ | 27 t€ | 22 t€ | 2 075 € | 39 t€ | 41 t€ |
| Long-term liabilities | 6 667 € | 13 t€ | 20 t€ | 27 t€ | 33 t€ | 0 € |
| Short-term liabilities | 26 t€ | 13 t€ | 36 t€ | 32 t€ | 34 t€ | 13 t€ |
| Liabilities | 33 t€ | 26 t€ | 56 t€ | 58 t€ | 68 t€ | 13 t€ |
| Profit (loss) for the period, equity | 15 t€ | 12 t€ | 20 t€ | -17 t€ | 6 003 € | 19 t€ |
| Machinery and equipment | 13 t€ | 17 t€ | 22 t€ | 30 t€ | 40 t€ | 14 t€ |
| Pension expenses | 7 553 € | -7 567 € | -7 310 € | -6 989 € | -6 772 € | -8 297 € |
| Short-term accounts payable | 245 € | 229 € | 377 € | 583 € | 2 344 € | 741 € |
| Short-term prepayments and accrued income | 1 440 € | 1 024 € | 1 710 € | 5 844 € | 94 € | 603 € |
| Liabilities | 70 t€ | 53 t€ | 78 t€ | 60 t€ | 107 t€ | 54 t€ |
| Short-term accrued expenses and deferred income | 191 € | 0 € | – | 0 € | 919 € | 1 808 € |
| Short-term sales receivables | 29 t€ | 20 t€ | 11 t€ | 0 € | 48 t€ | 17 t€ |
| Interest expenses and other financial expenses for non-Group companies | 1 064 € | -1 496 € | -1 884 € | -1 120 € | -541 € | -91 € |
| Short-term liabilities to credit institutions | 6 667 € | 6 667 € | 6 667 € | 6 667 € | 6 667 € | 0 € |
| Other current liabilities | 19 t€ | 5 682 € | 29 t€ | 24 t€ | 24 t€ | 11 t€ |
| Short-term receivables | 31 t€ | 21 t€ | 13 t€ | 5 956 € | 49 t€ | 18 t€ |
| Other short-term receivables | – | 0 € | 73 € | 113 € | 1 502 € | 0 € |
| Retained earnings | 14 t€ | 7 848 € | -5 925 € | 11 t€ | 25 t€ | 14 t€ |
| Depreciations according to plan | 4 210 € | -5 613 € | -7 484 € | -9 978 € | -13 t€ | -4 816 € |
| Tangible assets | 13 t€ | 17 t€ | 22 t€ | 30 t€ | 40 t€ | 14 t€ |
| Long-term liabilities to credit institutions | 6 667 € | 13 t€ | 20 t€ | 27 t€ | 33 t€ | 0 € |
| Purchases during the financial year | 0 € | -156 € | 0 € | -197 € | -211 € | -143 € |
| Other interest and financial income from non-group companies | 264 € | 807 € | 342 € | 25 € | 0 € | 0 € |
| Other social security expenses | 1 478 € | -1 140 € | -1 463 € | -1 433 € | -1 470 € | -1 165 € |
| Wages and salaries | 28 t€ | -18 t€ | -45 t€ | -41 t€ | -42 t€ | -19 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, ELS-Welding Oy is in the lower half of the industry class other miscellaneous specialised construction activities n.e.c. (1418 companies with taxable income; median 19 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.