Oy SEK Group Ab is a limited company based in Kauniainen, registered in 2005. In the financial year ending 31.12.2024, revenue was 158 t€ and operating profit 46 t€; equity ratio 71.7 %. Its taxable income in 2024 was 47 t€ and its income taxes 9 355 €.
Revenue 2024158 t€+80 % on the previous year
Operating profit46 t€29,1 % of revenue
Net profit56 t€EBITDA 46 t€
Equity ratio71,7 %quick ratio 2,41
Taxable income 202447 t€
upper half of its industry
Income taxes 20249 355 €17 t€ in 2020–2024
In business21 yrsregistered 13.6.2005
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Revenue | 158 t€ | 88 t€ | 82 t€ |
| Revenue change | 79,8 % | 7,1 % | – |
| EBITDA | 46 t€ | 36 t€ | 5 384 € |
| EBITDA % | 29,2 % | 40,8 % | 6,6 % |
| Operating profit | 46 t€ | 36 t€ | 5 204 € |
| Operating margin | 29,1 % | 40,7 % | 6,4 % |
| Net profit | 56 t€ | 29 t€ | -5 896 € |
| Equity ratio | 71,7 % | 84,4 % | 74,5 % |
| Quick ratio | 2,41 | 1,96 | 1,19 |
| Current ratio | 2,41 | 1,96 | 1,19 |
| Debt to revenue | 33,8 % | 17,9 % | 31,4 % |
| Return on equity | 41,6 % | 34,5 % | -7,9 % |
| Balance sheet total | 188 t€ | 100 t€ | 101 t€ |
| Equity | 135 t€ | 85 t€ | 75 t€ |
| Cash and bank | 1 538 € | 6 517 € | 1 564 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 158 t€ | 88 t€ | 82 t€ |
| Raw materials and services | -99 t€ | -45 t€ | -69 t€ |
| Depreciations and reductions in value | -101 € | -135 € | -180 € |
| Other operating expenses | -13 t€ | -7 117 € | -7 083 € |
| Operating profit (loss) | 46 t€ | 36 t€ | 5 204 € |
| Financial income and expenses + (-) | 19 t€ | -232 € | -11 t€ |
| Profit (loss) before appropriations and taxes | 65 t€ | 35 t€ | -5 510 € |
| Income taxes | -9 355 € | -6 179 € | -385 € |
| Profit (loss) for the financial year | 56 t€ | 29 t€ | -5 896 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Non-current assets | 70 t€ | 70 t€ | 70 t€ |
| Receivables | 117 t€ | 24 t€ | 29 t€ |
| Cash in hand and at banks | 1 538 € | 6 517 € | 1 564 € |
| Current assets | 118 t€ | 31 t€ | 31 t€ |
| Assets | 188 t€ | 100 t€ | 101 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 135 t€ | 85 t€ | 75 t€ |
| Long-term liabilities | 4 167 € | 0 € | – |
| Short-term liabilities | 49 t€ | 16 t€ | 26 t€ |
| Liabilities | 53 t€ | 16 t€ | 26 t€ |
All financial statement items (42)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 158 t€ | 88 t€ | 82 t€ |
| Raw materials and services | -99 t€ | -45 t€ | -69 t€ |
| Depreciations and reductions in value | -101 € | -135 € | -180 € |
| Other operating expenses | -13 t€ | -7 117 € | -7 083 € |
| Operating profit (loss) | 46 t€ | 36 t€ | 5 204 € |
| Financial income and expenses + (-) | 19 t€ | -232 € | -11 t€ |
| Profit (loss) before appropriations and taxes | 65 t€ | 35 t€ | -5 510 € |
| Income taxes | -9 355 € | -6 179 € | -385 € |
| Profit (loss) for the financial year | 56 t€ | 29 t€ | -5 896 € |
| Non-current assets | 70 t€ | 70 t€ | 70 t€ |
| Receivables | 117 t€ | 24 t€ | 29 t€ |
| Cash in hand and at banks | 1 538 € | 6 517 € | 1 564 € |
| Current assets | 118 t€ | 31 t€ | 31 t€ |
| Assets | 188 t€ | 100 t€ | 101 t€ |
| Share capital or other similar capital | 8 000 € | 8 000 € | 8 000 € |
| Capital and reserves | 135 t€ | 85 t€ | 75 t€ |
| Long-term liabilities | 4 167 € | 0 € | – |
| Short-term liabilities | 49 t€ | 16 t€ | 26 t€ |
| Liabilities | 53 t€ | 16 t€ | 26 t€ |
| Short-term accounts payable | 15 t€ | 2 723 € | 13 t€ |
| Depreciations according to plan | -101 € | -135 € | -180 € |
| Short-term liabilities to credit institutions | 10 t€ | 0 € | – |
| Shares and similar rights of ownership in subsidiaries | 69 t€ | 69 t€ | 69 t€ |
| Current receivables from Group companies | 76 t€ | 7 729 € | 0 € |
| Investments | 69 t€ | 69 t€ | 69 t€ |
| Retained earnings | 71 t€ | 48 t€ | 73 t€ |
| Liabilities | 188 t€ | 100 t€ | 101 t€ |
| Other interest and financial income from non-group companies | 0 € | 0 € | – |
| Short-term receivables | 117 t€ | 24 t€ | 29 t€ |
| Short-term accrued expenses and deferred income | 9 355 € | 6 179 € | 0 € |
| Short-term loan receivables | 40 t€ | 16 t€ | 14 t€ |
| Short-term liabilities to Group companies | 2 500 € | 2 500 € | 0 € |
| Purchases during the financial year | -99 t€ | -45 t€ | -69 t€ |
| Short-term sales receivables | – | 0 € | 14 t€ |
| Machinery and equipment | 303 € | 404 € | 539 € |
| Long-term liabilities to credit institutions | 4 167 € | 0 € | – |
| Other current liabilities | 12 t€ | 4 286 € | 13 t€ |
| Income from other investments under non-current assets, from other companies | 20 t€ | 0 € | – |
| Tangible assets | 303 € | 404 € | 539 € |
| Other short-term receivables | 888 € | 908 € | 703 € |
| Profit (loss) for the period, equity | 56 t€ | 29 t€ | -5 896 € |
| Interest expenses and other financial expenses for non-Group companies | -557 € | -232 € | -11 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, Oy SEK Group Ab is in the upper half of the industry class construction of residential and non-residential buildings (5705 companies with taxable income; median 16 t€, 2,9 times the median).
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.