Varjamot Oy is a limited company based in Keuruu, registered in 2004. In the financial year ending 31.12.2023, revenue was 57 t€ and operating profit -3 518 €; equity ratio 7.3 %.
Revenue 202357 t€-84 % on the previous year
Operating profit-3 518 €-6,2 % of revenue
Net profit-4 715 €EBITDA 4 294 €
Equity ratio7,3 %quick ratio 1,98
Taxable income 20240 €
profit as taxed
Income taxes 20240 €8 788 € in 2020–2024
In business22 yrsregistered 21.1.2004
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2023 | 31.12.2022 |
|---|---|---|
| Revenue | 57 t€ | 347 t€ |
| Revenue change | -83,7 % | – |
| EBITDA | 4 294 € | -22 t€ |
| EBITDA % | 7,6 % | -6,3 % |
| Operating profit | -3 518 € | -22 t€ |
| Operating margin | -6,2 % | -6,3 % |
| Net profit | -4 715 € | -41 t€ |
| Personnel costs | 17 t€ | 110 t€ |
| Equity ratio | 7,3 % | 7,3 % |
| Quick ratio | 1,98 | 1,66 |
| Current ratio | 1,98 | 1,74 |
| Debt to revenue | 212,6 % | 51,9 % |
| Return on equity | -49,7 % | -287,2 % |
| Balance sheet total | 130 t€ | 195 t€ |
| Equity | 9 482 € | 14 t€ |
| Cash and bank | 16 t€ | 31 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Turnover | 57 t€ | 347 t€ |
| Other operating income | 426 € | 36 t€ |
| Raw materials and services | -20 t€ | -156 t€ |
| Personnel expenses | -17 t€ | -110 t€ |
| Depreciations and reductions in value | -7 812 € | 0 € |
| Other operating expenses | -15 t€ | -140 t€ |
| Operating profit (loss) | -3 518 € | -22 t€ |
| Financial income and expenses + (-) | -8 124 € | -10 t€ |
| Profit (loss) before appropriations and taxes | -12 t€ | -32 t€ |
| Income taxes | 6 927 € | -8 784 € |
| Profit (loss) for the financial year | -4 715 € | -41 t€ |
Balance sheet
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Non-current assets | 65 t€ | 108 t€ |
| Stocks | 0 € | 3 790 € |
| Receivables | 49 t€ | 52 t€ |
| Cash in hand and at banks | 16 t€ | 31 t€ |
| Current assets | 65 t€ | 87 t€ |
| Assets | 130 t€ | 195 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € |
| Capital and reserves | 9 482 € | 14 t€ |
| Long-term liabilities | 88 t€ | 130 t€ |
| Short-term liabilities | 33 t€ | 50 t€ |
| Liabilities | 121 t€ | 180 t€ |
All financial statement items (52)
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Turnover | 57 t€ | 347 t€ |
| Other operating income | 426 € | 36 t€ |
| Raw materials and services | -20 t€ | -156 t€ |
| Personnel expenses | -17 t€ | -110 t€ |
| Depreciations and reductions in value | -7 812 € | 0 € |
| Other operating expenses | -15 t€ | -140 t€ |
| Operating profit (loss) | -3 518 € | -22 t€ |
| Financial income and expenses + (-) | -8 124 € | -10 t€ |
| Profit (loss) before appropriations and taxes | -12 t€ | -32 t€ |
| Income taxes | 6 927 € | -8 784 € |
| Profit (loss) for the financial year | -4 715 € | -41 t€ |
| Non-current assets | 65 t€ | 108 t€ |
| Stocks | 0 € | 3 790 € |
| Receivables | 49 t€ | 52 t€ |
| Cash in hand and at banks | 16 t€ | 31 t€ |
| Current assets | 65 t€ | 87 t€ |
| Assets | 130 t€ | 195 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € |
| Capital and reserves | 9 482 € | 14 t€ |
| Long-term liabilities | 88 t€ | 130 t€ |
| Short-term liabilities | 33 t€ | 50 t€ |
| Liabilities | 121 t€ | 180 t€ |
| Inventory increase (+) or decrease (-) | -3 790 € | -14 t€ |
| Short-term sales receivables | 5 970 € | 1 210 € |
| Materials and supplies | 0 € | 3 790 € |
| Short-term prepayments and accrued income | 0 € | 464 € |
| Purchases during the financial year | -17 t€ | -142 t€ |
| Tangible assets | 64 t€ | 106 t€ |
| Intangible assets | 1 188 € | 1 751 € |
| Retained earnings | 6 197 € | 47 t€ |
| Other current liabilities | 4 656 € | 6 747 € |
| Other interest and financial income from non-group companies | 39 € | 1 € |
| Liabilities | 130 t€ | 195 t€ |
| Other social security expenses | -399 € | -2 763 € |
| Long-term receivables | 40 t€ | 45 t€ |
| Services purchased | 0 € | -192 € |
| Other intangible assets | 1 188 € | 1 751 € |
| Short-term loan receivables | 0 € | 3 435 € |
| Interest expenses and other financial expenses for non-Group companies | -8 163 € | -10 t€ |
| Short-term accounts payable | 6 102 € | 18 t€ |
| Profit (loss) for the period, equity | -4 715 € | -41 t€ |
| Depreciations according to plan | -7 812 € | 0 € |
| Pension expenses | -454 € | -14 t€ |
| Machinery and equipment | 1 325 € | 37 t€ |
| Long-term liabilities to credit institutions | 88 t€ | 130 t€ |
| Other short-term receivables | 3 485 € | 1 363 € |
| Short-term receivables | 9 455 € | 6 473 € |
| Long-term receivables from participating interests | 40 t€ | 45 t€ |
| Land and water areas, Owned | 62 t€ | 69 t€ |
| Wages and salaries | -17 t€ | -93 t€ |
| Short-term accrued expenses and deferred income | -4 € | 25 t€ |
| Short-term liabilities to credit institutions | 22 t€ | 0 € |
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.
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