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Ab Kvarken Marin Service Oy

Limited company. Repair and maintenance of civilian ships and boats.

Ab Kvarken Marin Service Oy is a limited company based in Pietarsaari, registered in 2006. In the financial year ending 31.12.2025, operating profit 40 t€; equity ratio 41.3 %. Its taxable income in 2024 was 49 t€ and its income taxes 9 862 €.

Gross profit 2025473 t€+19 % on the previous year
Operating profit40 t€
Net profit21 t€EBITDA 30 t€
Equity ratio41,3 %quick ratio 0,35
Taxable income 202449 t€ upper half of its industry
Income taxes 20249 862 €28 t€ in 2020–2024
In business20 yrsregistered 25.1.2006

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Financials

342 t€348 t€393 t€373 t€378 t€397 t€473 t€473 t€23 t€44 t€19 t€26 t€19 t€46 t€40 t€16 t€33 t€12 t€19 t€12 t€34 t€21 t€2019202020212022202320242025
Gross profitOperating profitNet profit
Key figures31.12.202531.12.202431.12.202331.12.202231.12.202131.12.202031.12.2019
Revenue change19,3 %4,9 %1,5 %-5,3 %13,1 %1,6 %–
Gross profit473 t€397 t€378 t€373 t€393 t€348 t€342 t€
EBITDA30 t€58 t€34 t€41 t€37 t€55 t€35 t€
Operating profit40 t€46 t€19 t€26 t€19 t€44 t€23 t€
Net profit21 t€34 t€12 t€19 t€12 t€33 t€16 t€
Personnel costs-232 t€190 t€206 t€194 t€231 t€177 t€181 t€
Equity ratio41,3 %41,2 %46,7 %48,1 %45,7 %46,9 %39,5 %
Quick ratio0,351,120,530,460,430,660,59
Current ratio2,132,502,272,072,192,412,32
Return on equity11,9 %19,4 %8,2 %12,7 %8,7 %23,1 %13,5 %
Balance sheet total436 t€419 t€324 t€314 t€313 t€302 t€300 t€
Equity180 t€173 t€151 t€151 t€143 t€142 t€118 t€
Cash and bank46 t€144 t€35 t€44 t€24 t€36 t€21 t€

Balance sheet

300 t€302 t€313 t€314 t€324 t€419 t€436 t€436 t€118 t€142 t€143 t€151 t€151 t€173 t€180 t€21 t€36 t€24 t€44 t€35 t€144 t€46 t€2019202020212022202320242025
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.12.202531.12.202431.12.202331.12.202231.12.202131.12.202031.12.2019
Gross profit or loss473 t€397 t€378 t€373 t€393 t€348 t€342 t€
Personnel expenses232 t€-190 t€-206 t€-194 t€-231 t€-177 t€-181 t€
Depreciations and reductions in value11 t€-13 t€-15 t€-15 t€-18 t€-12 t€-12 t€
Other operating expenses190 t€-148 t€-138 t€-138 t€-125 t€-116 t€-126 t€
Operating profit (loss)40 t€46 t€19 t€26 t€19 t€44 t€23 t€
Financial income and expenses + (-)13 t€-3 651 €-3 243 €-2 267 €-3 087 €-2 890 €-3 132 €
Profit (loss) before appropriations and taxes27 t€42 t€16 t€24 t€16 t€41 t€20 t€
Income taxes5 588 €-8 436 €-3 172 €-4 756 €-3 072 €-8 210 €-3 974 €
Profit (loss) for the financial year21 t€34 t€12 t€19 t€12 t€33 t€16 t€

Balance sheet

31.12.202531.12.202431.12.202331.12.202231.12.202131.12.202031.12.2019
Non-current assets33 t€41 t€51 t€46 t€55 t€36 t€36 t€
Stocks336 t€208 t€209 t€208 t€207 t€193 t€197 t€
Receivables21 t€26 t€29 t€15 t€26 t€37 t€46 t€
Cash in hand and at banks46 t€144 t€35 t€44 t€24 t€36 t€21 t€
Current assets403 t€378 t€273 t€267 t€258 t€266 t€264 t€
Assets436 t€419 t€324 t€314 t€313 t€302 t€300 t€
Share capital or other similar capital8 000 €8 000 €8 000 €8 000 €8 000 €8 000 €8 000 €
Capital and reserves180 t€173 t€151 t€151 t€143 t€142 t€118 t€
Long-term liabilities66 t€95 t€53 t€34 t€52 t€50 t€68 t€
Short-term liabilities190 t€152 t€120 t€129 t€118 t€110 t€114 t€
Liabilities256 t€247 t€173 t€163 t€170 t€161 t€181 t€
All financial statement items (47)
31.12.202531.12.202431.12.202331.12.202231.12.202131.12.202031.12.2019
Gross profit or loss473 t€397 t€378 t€373 t€393 t€348 t€342 t€
Personnel expenses232 t€-190 t€-206 t€-194 t€-231 t€-177 t€-181 t€
Depreciations and reductions in value11 t€-13 t€-15 t€-15 t€-18 t€-12 t€-12 t€
Other operating expenses190 t€-148 t€-138 t€-138 t€-125 t€-116 t€-126 t€
Operating profit (loss)40 t€46 t€19 t€26 t€19 t€44 t€23 t€
Financial income and expenses + (-)13 t€-3 651 €-3 243 €-2 267 €-3 087 €-2 890 €-3 132 €
Profit (loss) before appropriations and taxes27 t€42 t€16 t€24 t€16 t€41 t€20 t€
Income taxes5 588 €-8 436 €-3 172 €-4 756 €-3 072 €-8 210 €-3 974 €
Profit (loss) for the financial year21 t€34 t€12 t€19 t€12 t€33 t€16 t€
Non-current assets33 t€41 t€51 t€46 t€55 t€36 t€36 t€
Stocks336 t€208 t€209 t€208 t€207 t€193 t€197 t€
Receivables21 t€26 t€29 t€15 t€26 t€37 t€46 t€
Cash in hand and at banks46 t€144 t€35 t€44 t€24 t€36 t€21 t€
Current assets403 t€378 t€273 t€267 t€258 t€266 t€264 t€
Assets436 t€419 t€324 t€314 t€313 t€302 t€300 t€
Share capital or other similar capital8 000 €8 000 €8 000 €8 000 €8 000 €8 000 €8 000 €
Capital and reserves180 t€173 t€151 t€151 t€143 t€142 t€118 t€
Long-term liabilities66 t€95 t€53 t€34 t€52 t€50 t€68 t€
Short-term liabilities190 t€152 t€120 t€129 t€118 t€110 t€114 t€
Liabilities256 t€247 t€173 t€163 t€170 t€161 t€181 t€
Short-term accounts payable44 t€20 t€23 t€23 t€18 t€19 t€31 t€
Short-term prepayments and accrued income1 999 €1 999 €0 €3 454 €1 875 €1 703 €0 €
Depreciations according to plan11 t€-13 t€-15 t€-15 t€-18 t€-12 t€-12 t€
Short-term liabilities to credit institutions29 t€32 t€4 884 €20 t€20 t€17 t€18 t€
Investments1 009 €1 009 €1 009 €1 009 €1 009 €1 009 €1 009 €
Retained earnings151 t€131 t€131 t€124 t€123 t€101 t€95 t€
Liabilities436 t€419 t€324 t€314 t€313 t€302 t€300 t€
Intangible assets3 691 €5 536 €7 381 €0 €–––
Other interest and financial income from non-group companies227 €867 €192 €125 €0 €45 €0 €
Short-term receivables21 t€26 t€29 t€15 t€26 t€37 t€46 t€
Short-term accrued expenses and deferred income63 t€60 t€61 t€58 t€66 t€51 t€52 t€
Development expenses3 691 €5 536 €7 381 €0 €–––
Short-term sales receivables19 t€22 t€28 t€12 t€24 t€35 t€46 t€
Pension expenses34 t€-31 t€-31 t€-30 t€-33 t€-26 t€-28 t€
Machinery and equipment23 t€28 t€35 t€45 t€54 t€35 t€35 t€
Finished products336 t€208 t€209 t€208 t€207 t€193 t€197 t€
Long-term liabilities to credit institutions66 t€95 t€53 t€34 t€52 t€50 t€68 t€
Other current liabilities54 t€39 t€31 t€28 t€14 t€23 t€12 t€
Income from other investments under non-current assets, from other companies210 €90 €230 €90 €270 €90 €90 €
Tangible assets28 t€34 t€43 t€45 t€54 t€35 t€35 t€
Other social security expenses15 t€-7 402 €-11 t€-10 t€-13 t€-5 669 €-8 951 €
Buildings and structures, Owned5 137 €6 421 €8 026 €125 €156 €195 €244 €
Wages and salaries183 t€-152 t€-164 t€-154 t€-186 t€-145 t€-144 t€
Other short-term receivables369 €1 508 €1 001 €0 €–0 €0 €
Other shares and similar rights of ownership1 009 €1 009 €1 009 €1 009 €1 009 €1 009 €1 009 €
Profit (loss) for the period, equity21 t€34 t€12 t€19 t€12 t€33 t€16 t€
Interest expenses and other financial expenses for non-Group companies14 t€-4 608 €-3 665 €-2 482 €-3 357 €-3 025 €-3 222 €

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

41 t€15 t€24 t€8 302 €49 t€49 t€20202021202220232024

Measured by taxable income, Ab Kvarken Marin Service Oy is in the upper half of the industry class repair and maintenance of civilian ships and boats (118 companies with taxable income; median 23 t€, 2,1 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.

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