Säkinmäen vesiosuuskunta is a cooperative based in Hankasalmi, registered in 2005. In the financial year ending 31.12.2024, revenue was 49 t€ and operating profit -32 t€; equity ratio -93.8 %.
Revenue 202449 t€-5 % on the previous year
Operating profit-32 t€-65,5 % of revenue
Net profit-32 t€EBITDA -6 181 €
Equity ratio-93,8 %quick ratio 5,30
In business21 yrsregistered 2.3.2005
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Revenue | 49 t€ | 52 t€ | 40 t€ |
| Revenue change | -4,9 % | 28,4 % | – |
| EBITDA | -6 181 € | 2 357 € | -12 t€ |
| EBITDA % | -12,5 % | 4,5 % | -29,3 % |
| Operating profit | -32 t€ | -25 t€ | -37 t€ |
| Operating margin | -65,5 % | -47,5 % | -92,2 % |
| Net profit | -32 t€ | -24 t€ | -37 t€ |
| Personnel costs | 1 047 € | 598 € | 1 478 € |
| Equity ratio | -93,8 % | -84,5 % | -79,7 % |
| Quick ratio | 5,30 | 3,17 | 3,39 |
| Current ratio | 5,30 | 3,17 | 3,39 |
| Debt to revenue | 2576,0 % | 2452,9 % | 3117,4 % |
| Balance sheet total | 655 t€ | 689 t€ | 700 t€ |
| Equity | -614 t€ | -582 t€ | -558 t€ |
| Cash and bank | 50 t€ | 67 t€ | 77 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 49 t€ | 52 t€ | 40 t€ |
| Other operating income | 2 805 € | 2 455 € | 2 812 € |
| Raw materials and services | -17 t€ | -19 t€ | -17 t€ |
| Personnel expenses | -1 047 € | -598 € | -1 478 € |
| Depreciations and reductions in value | -26 t€ | -27 t€ | -25 t€ |
| Other operating expenses | -40 t€ | -32 t€ | -37 t€ |
| Operating profit (loss) | -32 t€ | -25 t€ | -37 t€ |
| Financial income and expenses + (-) | 252 € | 393 € | 315 € |
| Profit (loss) before appropriations and taxes | -32 t€ | -24 t€ | -37 t€ |
| Profit (loss) for the financial year | -32 t€ | -24 t€ | -37 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Non-current assets | 571 t€ | 591 t€ | 595 t€ |
| Receivables | 33 t€ | 31 t€ | 28 t€ |
| Cash in hand and at banks | 50 t€ | 67 t€ | 77 t€ |
| Current assets | 83 t€ | 98 t€ | 105 t€ |
| Assets | 655 t€ | 689 t€ | 700 t€ |
| Capital and reserves | -614 t€ | -582 t€ | -558 t€ |
| Long-term liabilities | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Short-term liabilities | 16 t€ | 31 t€ | 31 t€ |
| Liabilities | 1,3 M€ | 1,3 M€ | 1,3 M€ |
All financial statement items (43)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 49 t€ | 52 t€ | 40 t€ |
| Other operating income | 2 805 € | 2 455 € | 2 812 € |
| Raw materials and services | -17 t€ | -19 t€ | -17 t€ |
| Personnel expenses | -1 047 € | -598 € | -1 478 € |
| Depreciations and reductions in value | -26 t€ | -27 t€ | -25 t€ |
| Other operating expenses | -40 t€ | -32 t€ | -37 t€ |
| Operating profit (loss) | -32 t€ | -25 t€ | -37 t€ |
| Financial income and expenses + (-) | 252 € | 393 € | 315 € |
| Profit (loss) before appropriations and taxes | -32 t€ | -24 t€ | -37 t€ |
| Profit (loss) for the financial year | -32 t€ | -24 t€ | -37 t€ |
| Non-current assets | 571 t€ | 591 t€ | 595 t€ |
| Receivables | 33 t€ | 31 t€ | 28 t€ |
| Cash in hand and at banks | 50 t€ | 67 t€ | 77 t€ |
| Current assets | 83 t€ | 98 t€ | 105 t€ |
| Assets | 655 t€ | 689 t€ | 700 t€ |
| Capital and reserves | -614 t€ | -582 t€ | -558 t€ |
| Long-term liabilities | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Short-term liabilities | 16 t€ | 31 t€ | 31 t€ |
| Liabilities | 1,3 M€ | 1,3 M€ | 1,3 M€ |
| Long-term loan receivables | 21 t€ | 12 t€ | 15 t€ |
| Other tangible assets | 555 t€ | 571 t€ | 579 t€ |
| Retained earnings | -593 t€ | -569 t€ | -532 t€ |
| Other current liabilities | 2 545 € | 4 116 € | 6 051 € |
| Profit (loss) for the period, equity | -32 t€ | -24 t€ | -37 t€ |
| Other short-term receivables | 1 494 € | 5 961 € | 5 508 € |
| Depreciations according to plan | -26 t€ | -27 t€ | -25 t€ |
| Short-term accounts payable | 13 t€ | 26 t€ | 25 t€ |
| Purchases during the financial year | -17 t€ | -19 t€ | -17 t€ |
| Land and water areas, Owned | 7 358 € | 7 358 € | 7 358 € |
| Wages and salaries | -735 € | -375 € | -1 375 € |
| Short-term sales receivables | 10 t€ | 12 t€ | 6 606 € |
| Interest expenses and other financial expenses for non-Group companies | -134 € | -5 € | -5 € |
| Other interest and financial income from non-group companies | 386 € | 398 € | 320 € |
| Other social security expenses | -13 € | -124 € | -129 € |
| Tangible assets | 571 t€ | 591 t€ | 595 t€ |
| Short-term accrued expenses and deferred income | 94 € | 447 € | 0 € |
| Short-term receivables | 13 t€ | 19 t€ | 12 t€ |
| Pension expenses | -299 € | -98 € | 27 € |
| Other long-term liabilities | 1,3 M€ | 1,2 M€ | 1,2 M€ |
| Machinery and equipment | 9 533 € | 13 t€ | 9 192 € |
| Long-term receivables | 21 t€ | 12 t€ | 15 t€ |
| Short-term prepayments and accrued income | 603 € | 402 € | 385 € |
| Liabilities | 655 t€ | 689 t€ | 700 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).