HS-Elec Oy is a limited company based in Pietarsaari, registered in 2004. In the financial year ending 31.5.2025, revenue was 4 904 € and operating profit -2 363 €; equity ratio 38.3 %.
Revenue 20254 904 €-49 % on the previous year
Operating profit-2 363 €-48,2 % of revenue
Net profit-3 913 €EBITDA -2 363 €
Equity ratio38,3 %quick ratio 0,00
Taxable income 20240 €
profit as taxed
Income taxes 20240 €19 t€ in 2020–2024
In business22 yrsregistered 5.2.2004
Financials
RevenueOperating profitNet profit
| Key figures | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | 31.5.2020 |
|---|---|---|---|---|---|---|
| Revenue | 4 904 € | 9 572 € | 19 t€ | 52 t€ | 85 t€ | 161 t€ |
| Revenue change | -48,8 % | -50,3 % | -62,7 % | -39,1 % | -47,5 % | – |
| EBITDA | -2 363 € | -5 169 € | 1 257 € | -29 t€ | -15 t€ | 88 t€ |
| EBITDA % | -48,2 % | -54,0 % | 6,5 % | -56,2 % | -17,4 % | 54,7 % |
| Operating profit | -2 363 € | -5 169 € | 1 257 € | -29 t€ | -15 t€ | 88 t€ |
| Operating margin | -48,2 % | -54,0 % | 6,5 % | -56,2 % | -17,4 % | 54,7 % |
| Net profit | -3 913 € | -5 497 € | 569 € | -33 t€ | 6 381 € | 71 t€ |
| Personnel costs | – | – | 0 € | 51 t€ | 64 t€ | 30 t€ |
| Equity ratio | 38,3 % | 45,8 % | 50,8 % | 51,7 % | 62,8 % | 50,9 % |
| Quick ratio | 0,00 | – | – | – | 17,17 | 3,68 |
| Current ratio | 0,00 | – | – | – | 17,17 | 3,68 |
| Debt to revenue | 722,8 % | 349,3 % | 193,4 % | 79,6 % | 58,1 % | 46,0 % |
| Return on equity | -17,8 % | -19,5 % | 1,5 % | -74,9 % | 7,7 % | 91,6 % |
| Balance sheet total | 57 t€ | 62 t€ | 76 t€ | 85 t€ | 132 t€ | 151 t€ |
| Equity | 22 t€ | 28 t€ | 39 t€ | 44 t€ | 83 t€ | 77 t€ |
| Cash and bank | 2 € | 445 € | 1 825 € | 4 247 € | 8 264 € | 2 682 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | 31.5.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 4 904 € | 9 572 € | 19 t€ | 52 t€ | 85 t€ | 161 t€ |
| Other operating income | 6 423 € | 6 461 € | 7 600 € | 6 820 € | 7 150 € | 6 600 € |
| Raw materials and services | -3 893 € | -11 t€ | -15 t€ | -27 t€ | 0 € | – |
| Personnel expenses | – | – | 0 € | -51 t€ | -64 t€ | -30 t€ |
| Other operating expenses | -9 797 € | -10 t€ | -11 t€ | -8 852 € | -43 t€ | -50 t€ |
| Operating profit (loss) | -2 363 € | -5 169 € | 1 257 € | -29 t€ | -15 t€ | 88 t€ |
| Financial income and expenses + (-) | -1 550 € | -1 812 € | -552 € | -3 924 € | 22 t€ | -258 € |
| Profit (loss) before appropriations and taxes | -3 913 € | -6 980 € | 704 € | -33 t€ | 7 250 € | 88 t€ |
| Income taxes | 0 € | 1 484 € | -136 € | 0 € | -869 € | -17 t€ |
| Profit (loss) for the financial year | -3 913 € | -5 497 € | 569 € | -33 t€ | 6 381 € | 71 t€ |
Balance sheet
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | 31.5.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ |
| Stocks | 0 € | 3 659 € | 15 t€ | 23 t€ | 0 € | – |
| Receivables | 0 € | 52 € | 1 864 € | 89 € | 2 233 € | 12 t€ |
| Cash in hand and at banks | 2 € | 445 € | 1 825 € | 4 247 € | 8 264 € | 2 682 € |
| Current assets | 2 € | 4 156 € | 18 t€ | 28 t€ | 75 t€ | 94 t€ |
| Assets | 57 t€ | 62 t€ | 76 t€ | 85 t€ | 132 t€ | 151 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 22 t€ | 28 t€ | 39 t€ | 44 t€ | 83 t€ | 77 t€ |
| Long-term liabilities | 30 t€ | 33 t€ | 37 t€ | 41 t€ | 45 t€ | 49 t€ |
| Short-term liabilities | 5 831 € | 0 € | – | 0 € | 4 354 € | 26 t€ |
| Liabilities | 35 t€ | 33 t€ | 37 t€ | 41 t€ | 49 t€ | 74 t€ |
All financial statement items (45)
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | 31.5.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 4 904 € | 9 572 € | 19 t€ | 52 t€ | 85 t€ | 161 t€ |
| Other operating income | 6 423 € | 6 461 € | 7 600 € | 6 820 € | 7 150 € | 6 600 € |
| Raw materials and services | -3 893 € | -11 t€ | -15 t€ | -27 t€ | 0 € | – |
| Personnel expenses | – | – | 0 € | -51 t€ | -64 t€ | -30 t€ |
| Other operating expenses | -9 797 € | -10 t€ | -11 t€ | -8 852 € | -43 t€ | -50 t€ |
| Operating profit (loss) | -2 363 € | -5 169 € | 1 257 € | -29 t€ | -15 t€ | 88 t€ |
| Financial income and expenses + (-) | -1 550 € | -1 812 € | -552 € | -3 924 € | 22 t€ | -258 € |
| Profit (loss) before appropriations and taxes | -3 913 € | -6 980 € | 704 € | -33 t€ | 7 250 € | 88 t€ |
| Income taxes | 0 € | 1 484 € | -136 € | 0 € | -869 € | -17 t€ |
| Profit (loss) for the financial year | -3 913 € | -5 497 € | 569 € | -33 t€ | 6 381 € | 71 t€ |
| Non-current assets | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ |
| Stocks | 0 € | 3 659 € | 15 t€ | 23 t€ | 0 € | – |
| Receivables | 0 € | 52 € | 1 864 € | 89 € | 2 233 € | 12 t€ |
| Cash in hand and at banks | 2 € | 445 € | 1 825 € | 4 247 € | 8 264 € | 2 682 € |
| Current assets | 2 € | 4 156 € | 18 t€ | 28 t€ | 75 t€ | 94 t€ |
| Assets | 57 t€ | 62 t€ | 76 t€ | 85 t€ | 132 t€ | 151 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 22 t€ | 28 t€ | 39 t€ | 44 t€ | 83 t€ | 77 t€ |
| Long-term liabilities | 30 t€ | 33 t€ | 37 t€ | 41 t€ | 45 t€ | 49 t€ |
| Short-term liabilities | 5 831 € | 0 € | – | 0 € | 4 354 € | 26 t€ |
| Liabilities | 35 t€ | 33 t€ | 37 t€ | 41 t€ | 49 t€ | 74 t€ |
| Purchases during the financial year | -234 € | 0 € | -6 409 € | -51 t€ | 0 € | – |
| Short-term receivables | 0 € | 52 € | 1 864 € | 89 € | 2 233 € | 12 t€ |
| Other short-term receivables | 0 € | 52 € | 523 € | 89 € | 5 € | 0 € |
| Profit (loss) for the period, equity | -3 913 € | -5 497 € | 569 € | -33 t€ | 6 381 € | 71 t€ |
| Short-term accrued expenses and deferred income | – | – | – | 0 € | 1 476 € | 18 t€ |
| Interest expenses and other financial expenses for non-Group companies | -1 550 € | -1 812 € | -802 € | -615 € | -1 440 € | -712 € |
| Shares and holdings | – | – | – | 0 € | 64 t€ | 80 t€ |
| Long-term liabilities to credit institutions | 30 t€ | 33 t€ | 37 t€ | 41 t€ | 45 t€ | 49 t€ |
| Other shares and similar rights of ownership | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ |
| Other social security expenses | – | – | 0 € | -461 € | -716 € | -295 € |
| Short-term sales receivables | – | – | – | 0 € | 2 229 € | 11 t€ |
| Income from other investments under non-current assets, from other companies | – | 0 € | 198 € | -3 312 € | 23 t€ | 0 € |
| Other stocks | 0 € | 3 659 € | 15 t€ | 23 t€ | 0 € | – |
| Other current liabilities | 5 831 € | 0 € | – | 0 € | 2 485 € | 7 342 € |
| Inventory increase (+) or decrease (-) | -3 659 € | -11 t€ | -8 605 € | 23 t€ | 0 € | – |
| Short-term accounts payable | – | – | – | 0 € | 393 € | 522 € |
| Retained earnings | 18 t€ | 26 t€ | 30 t€ | 69 t€ | 69 t€ | -1 557 € |
| Wages and salaries | – | – | 0 € | -39 t€ | -55 t€ | -22 t€ |
| Other interest and financial income from non-group companies | 0 € | 0 € | 52 € | 3 € | 11 € | 454 € |
| Other shares, financial securities | – | – | – | 0 € | 64 t€ | 80 t€ |
| Investments | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ | 57 t€ |
| Pension expenses | – | – | 0 € | -12 t€ | -8 197 € | -7 426 € |
| Liabilities | 57 t€ | 62 t€ | 76 t€ | 85 t€ | 132 t€ | 151 t€ |
| Short-term prepayments and accrued income | – | 0 € | 1 341 € | 0 € | 0 € | 199 € |
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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