Munkkiniemen Kiinteistöpalvelu Pappinen Oy is a limited company based in Helsinki, registered in 2003. In the financial year ending 31.12.2024, revenue was 360 t€ and operating profit 4 142 €; equity ratio 14.1 %. Latest Trade Register entry: change of ceo, 31.8.2026.
Revenue 2024360 t€-5 % on the previous year
Operating profit4 142 €1,2 % of revenue
Net profit2 934 €EBITDA 10 t€
Equity ratio14,1 %quick ratio 0,70
In business23 yrsregistered 23.4.2003
Trade Register1entries, latest: change of ceo
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 360 t€ | 380 t€ |
| Revenue change | -5,3 % | – |
| EBITDA | 10 t€ | 6 069 € |
| EBITDA % | 2,8 % | 1,6 % |
| Operating profit | 4 142 € | -6 408 € |
| Operating margin | 1,2 % | -1,7 % |
| Net profit | 2 934 € | -7 955 € |
| Personnel costs | 197 t€ | 192 t€ |
| Equity ratio | 14,1 % | 6,4 % |
| Quick ratio | 0,70 | 0,55 |
| Current ratio | 0,70 | 0,55 |
| Debt to revenue | 13,4 % | 19,2 % |
| Return on equity | 37,2 % | -160,8 % |
| Balance sheet total | 56 t€ | 78 t€ |
| Equity | 7 883 € | 4 948 € |
| Cash and bank | 1 090 € | 0 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 360 t€ | 380 t€ |
| Other operating income | 16 t€ | 260 € |
| Raw materials and services | -79 t€ | -80 t€ |
| Personnel expenses | -197 t€ | -192 t€ |
| Depreciations and reductions in value | -6 007 € | -12 t€ |
| Other operating expenses | -89 t€ | -102 t€ |
| Operating profit (loss) | 4 142 € | -6 408 € |
| Financial income and expenses + (-) | -1 208 € | -1 547 € |
| Profit (loss) before appropriations and taxes | 2 934 € | -7 955 € |
| Profit (loss) for the financial year | 2 934 € | -7 955 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 22 t€ | 37 t€ |
| Receivables | 33 t€ | 40 t€ |
| Cash in hand and at banks | 1 090 € | 0 € |
| Current assets | 34 t€ | 40 t€ |
| Assets | 56 t€ | 78 t€ |
| Share capital or other similar capital | 8 500 € | 8 500 € |
| Capital and reserves | 7 883 € | 4 948 € |
| Short-term liabilities | 48 t€ | 73 t€ |
| Liabilities | 48 t€ | 73 t€ |
All financial statement items (42)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 360 t€ | 380 t€ |
| Other operating income | 16 t€ | 260 € |
| Raw materials and services | -79 t€ | -80 t€ |
| Personnel expenses | -197 t€ | -192 t€ |
| Depreciations and reductions in value | -6 007 € | -12 t€ |
| Other operating expenses | -89 t€ | -102 t€ |
| Operating profit (loss) | 4 142 € | -6 408 € |
| Financial income and expenses + (-) | -1 208 € | -1 547 € |
| Profit (loss) before appropriations and taxes | 2 934 € | -7 955 € |
| Profit (loss) for the financial year | 2 934 € | -7 955 € |
| Non-current assets | 22 t€ | 37 t€ |
| Receivables | 33 t€ | 40 t€ |
| Cash in hand and at banks | 1 090 € | 0 € |
| Current assets | 34 t€ | 40 t€ |
| Assets | 56 t€ | 78 t€ |
| Share capital or other similar capital | 8 500 € | 8 500 € |
| Capital and reserves | 7 883 € | 4 948 € |
| Short-term liabilities | 48 t€ | 73 t€ |
| Liabilities | 48 t€ | 73 t€ |
| Profit (loss) for the period, equity | 2 934 € | -7 955 € |
| Machinery and equipment | 22 t€ | 37 t€ |
| Pension expenses | -30 t€ | -20 t€ |
| Short-term loan receivables | 1 303 € | 3 918 € |
| Short-term accounts payable | 22 t€ | 36 t€ |
| Liabilities | 56 t€ | 78 t€ |
| Short-term accrued expenses and deferred income | 9 867 € | 8 082 € |
| Short-term sales receivables | 30 t€ | 35 t€ |
| Interest expenses and other financial expenses for non-Group companies | -1 208 € | -1 547 € |
| Long-term receivables | 1 200 € | 1 200 € |
| Other current liabilities | 16 t€ | 26 t€ |
| Short-term liabilities to credit institutions | 0 € | 2 699 € |
| Short-term receivables | 31 t€ | 39 t€ |
| Other long-term receivables | 1 200 € | 1 200 € |
| Other short-term receivables | 288 € | 0 € |
| Retained earnings | -3 552 € | 4 403 € |
| Depreciations according to plan | -6 007 € | -12 t€ |
| Tangible assets | 22 t€ | 37 t€ |
| Services purchased | -67 t€ | -71 t€ |
| Purchases during the financial year | -12 t€ | -9 556 € |
| Other interest and financial income from non-group companies | 0 € | 0 € |
| Other social security expenses | -6 618 € | -4 397 € |
| Wages and salaries | -160 t€ | -167 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.
Trade Register events
- Change of CEO