Kavika Oy is a limited company based in Järvenpää, registered in 2007. In the financial year ending 31.5.2026, revenue was 5,6 M€ and operating profit -61 t€; equity ratio 29.8 %. Public buyers bought 758 t€ from it in 2022–2026; the largest buyer is Kaupunkiympäristön Toimiala, Helsinki (Helsinki). It has won 3 public contracts in EU procurement notices.
Revenue 20265,6 M€+2 % on the previous year
Operating profit-61 t€-1,1 % of revenue
Net profit41 t€EBITDA -87 t€
Equity ratio29,8 %quick ratio 0,92
Taxable income 20240 €
profit as taxed
Income taxes 20240 €205 t€ in 2020–2024
In business19 yrsregistered 14.5.2007
Sales to public buyers758 t€2022–2026
Contracts won31,3 M€ in total
Financials
RevenueOperating profitNet profit
| Key figures | 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 |
|---|---|---|---|---|---|---|
| Revenue | 5,6 M€ | 5,5 M€ | 5,7 M€ | 6,4 M€ | 8,1 M€ | 6,7 M€ |
| Revenue change | 2,2 % | -3,5 % | -10,4 % | -20,6 % | 19,4 % | – |
| EBITDA | -87 t€ | -7 533 € | 234 t€ | 98 t€ | -842 t€ | 781 t€ |
| EBITDA % | -1,5 % | -0,1 % | 4,1 % | 1,5 % | -10,5 % | 11,6 % |
| Operating profit | -61 t€ | -38 t€ | 193 t€ | 63 t€ | -884 t€ | 628 t€ |
| Operating margin | -1,1 % | -0,7 % | 3,4 % | 1,0 % | -11,0 % | 9,3 % |
| Net profit | 41 t€ | -46 t€ | 181 t€ | 36 t€ | -917 t€ | 313 t€ |
| Personnel costs | -1,8 M€ | 1,7 M€ | 1,6 M€ | 1,6 M€ | 1,8 M€ | 2,3 M€ |
| Equity ratio | 29,8 % | 43,5 % | 47,3 % | 40,1 % | 21,8 % | 50,9 % |
| Quick ratio | 0,92 | 1,02 | 1,18 | 0,93 | 0,79 | 1,09 |
| Current ratio | 1,36 | 1,73 | 1,83 | 1,52 | 1,20 | 1,77 |
| Debt to revenue | 24,5 % | 14,4 % | 13,9 % | 13,7 % | 24,5 % | 25,9 % |
| Return on equity | 7,1 % | -7,5 % | 25,3 % | 6,2 % | -167,2 % | 17,0 % |
| Balance sheet total | 2,0 M€ | 1,4 M€ | 1,5 M€ | 1,5 M€ | 2,6 M€ | 3,8 M€ |
| Equity | 586 t€ | 611 t€ | 713 t€ | 585 t€ | 549 t€ | 1,8 M€ |
| Cash and bank | 188 t€ | 79 t€ | 345 t€ | 121 t€ | 361 t€ | 1,0 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 5,6 M€ | 5,5 M€ | 5,7 M€ | 6,4 M€ | 8,1 M€ | 6,7 M€ |
| Other operating income | 164 t€ | 159 t€ | 96 t€ | 134 t€ | 149 t€ | 739 t€ |
| Raw materials and services | 3,3 M€ | -3,1 M€ | -3,1 M€ | -3,8 M€ | -6,0 M€ | -3,8 M€ |
| Personnel expenses | 1,8 M€ | -1,7 M€ | -1,6 M€ | -1,6 M€ | -1,8 M€ | -2,3 M€ |
| Depreciations and reductions in value | 26 t€ | -30 t€ | -40 t€ | -35 t€ | -42 t€ | -153 t€ |
| Other operating expenses | 791 t€ | -902 t€ | -806 t€ | -774 t€ | -1,2 M€ | -880 t€ |
| Operating profit (loss) | -61 t€ | -38 t€ | 193 t€ | 63 t€ | -884 t€ | 628 t€ |
| Financial income and expenses + (-) | -102 t€ | -8 389 € | -13 t€ | -30 t€ | -33 t€ | -420 t€ |
| Profit (loss) before appropriations and taxes | 41 t€ | -46 t€ | 181 t€ | 34 t€ | -917 t€ | 208 t€ |
| Income taxes | – | – | 0 € | 2 609 € | 0 € | -85 t€ |
| Profit (loss) for the financial year | 41 t€ | -46 t€ | 181 t€ | 36 t€ | -917 t€ | 313 t€ |
Balance sheet
| 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 315 t€ | 73 t€ | 103 t€ | 111 t€ | 146 t€ | 839 t€ |
| Stocks | 538 t€ | 547 t€ | 499 t€ | 537 t€ | 829 t€ | 1,2 M€ |
| Receivables | 927 t€ | 715 t€ | 566 t€ | 720 t€ | 1,2 M€ | 826 t€ |
| Cash in hand and at banks | 188 t€ | 79 t€ | 345 t€ | 121 t€ | 361 t€ | 1,0 M€ |
| Current assets | 1,7 M€ | 1,3 M€ | 1,4 M€ | 1,4 M€ | 2,4 M€ | 3,0 M€ |
| Assets | 2,0 M€ | 1,4 M€ | 1,5 M€ | 1,5 M€ | 2,6 M€ | 3,8 M€ |
| Share capital or other similar capital | 388 t€ | 388 t€ | 388 t€ | 388 t€ | 388 t€ | 388 t€ |
| Capital and reserves | 586 t€ | 611 t€ | 713 t€ | 585 t€ | 549 t€ | 1,8 M€ |
| Long-term liabilities | 171 t€ | 27 t€ | 27 t€ | 0 € | 0 € | 265 t€ |
| Short-term liabilities | 1,2 M€ | 776 t€ | 772 t€ | 903 t€ | 2,0 M€ | 1,7 M€ |
| Liabilities | 1,4 M€ | 803 t€ | 800 t€ | 903 t€ | 2,0 M€ | 2,0 M€ |
All financial statement items (61)
| 31.5.2026 | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|---|
| Turnover | 5,6 M€ | 5,5 M€ | 5,7 M€ | 6,4 M€ | 8,1 M€ | 6,7 M€ |
| Other operating income | 164 t€ | 159 t€ | 96 t€ | 134 t€ | 149 t€ | 739 t€ |
| Raw materials and services | 3,3 M€ | -3,1 M€ | -3,1 M€ | -3,8 M€ | -6,0 M€ | -3,8 M€ |
| Personnel expenses | 1,8 M€ | -1,7 M€ | -1,6 M€ | -1,6 M€ | -1,8 M€ | -2,3 M€ |
| Depreciations and reductions in value | 26 t€ | -30 t€ | -40 t€ | -35 t€ | -42 t€ | -153 t€ |
| Other operating expenses | 791 t€ | -902 t€ | -806 t€ | -774 t€ | -1,2 M€ | -880 t€ |
| Operating profit (loss) | -61 t€ | -38 t€ | 193 t€ | 63 t€ | -884 t€ | 628 t€ |
| Financial income and expenses + (-) | -102 t€ | -8 389 € | -13 t€ | -30 t€ | -33 t€ | -420 t€ |
| Profit (loss) before appropriations and taxes | 41 t€ | -46 t€ | 181 t€ | 34 t€ | -917 t€ | 208 t€ |
| Income taxes | – | – | 0 € | 2 609 € | 0 € | -85 t€ |
| Profit (loss) for the financial year | 41 t€ | -46 t€ | 181 t€ | 36 t€ | -917 t€ | 313 t€ |
| Non-current assets | 315 t€ | 73 t€ | 103 t€ | 111 t€ | 146 t€ | 839 t€ |
| Stocks | 538 t€ | 547 t€ | 499 t€ | 537 t€ | 829 t€ | 1,2 M€ |
| Receivables | 927 t€ | 715 t€ | 566 t€ | 720 t€ | 1,2 M€ | 826 t€ |
| Cash in hand and at banks | 188 t€ | 79 t€ | 345 t€ | 121 t€ | 361 t€ | 1,0 M€ |
| Current assets | 1,7 M€ | 1,3 M€ | 1,4 M€ | 1,4 M€ | 2,4 M€ | 3,0 M€ |
| Assets | 2,0 M€ | 1,4 M€ | 1,5 M€ | 1,5 M€ | 2,6 M€ | 3,8 M€ |
| Share capital or other similar capital | 388 t€ | 388 t€ | 388 t€ | 388 t€ | 388 t€ | 388 t€ |
| Capital and reserves | 586 t€ | 611 t€ | 713 t€ | 585 t€ | 549 t€ | 1,8 M€ |
| Long-term liabilities | 171 t€ | 27 t€ | 27 t€ | 0 € | 0 € | 265 t€ |
| Short-term liabilities | 1,2 M€ | 776 t€ | 772 t€ | 903 t€ | 2,0 M€ | 1,7 M€ |
| Liabilities | 1,4 M€ | 803 t€ | 800 t€ | 903 t€ | 2,0 M€ | 2,0 M€ |
| Purchases during the financial year | 2,1 M€ | -1,7 M€ | -2,0 M€ | -2,5 M€ | -3,9 M€ | -2,5 M€ |
| Short-term receivables | 927 t€ | 715 t€ | 566 t€ | 720 t€ | 1,2 M€ | 826 t€ |
| Impairment on investments for non-current assets | – | – | – | – | 0 € | -300 t€ |
| Other short-term receivables | 716 € | 879 € | 0 € | 0 € | 2 601 € | 0 € |
| Work in progress | 501 t€ | 491 t€ | 445 t€ | 473 t€ | 702 t€ | 761 t€ |
| Short-term loan receivables | 847 € | 2 850 € | 5 400 € | 7 200 € | 160 t€ | 1 500 € |
| Current receivables from Group companies | – | – | – | – | 0 € | 190 t€ |
| Group contribution | – | – | – | – | 0 € | 190 t€ |
| Profit (loss) for the period, equity | 41 t€ | -46 t€ | 181 t€ | 36 t€ | -917 t€ | 313 t€ |
| Change in stocks of products + (-) | 10 t€ | 46 t€ | -28 t€ | -229 t€ | 34 t€ | 270 t€ |
| Advance payments | 4 087 € | 18 t€ | 0 € | 4 094 € | 18 t€ | 5 406 € |
| Short-term accrued expenses and deferred income | 366 t€ | 327 t€ | 357 t€ | 295 t€ | 451 t€ | 583 t€ |
| Interest expenses and other financial expenses for non-Group companies | 10 t€ | -10 t€ | -13 t€ | -30 t€ | -34 t€ | -121 t€ |
| Tangible assets | 56 t€ | 54 t€ | 72 t€ | 85 t€ | 114 t€ | 408 t€ |
| Long-term liabilities to credit institutions | 143 t€ | 0 € | – | – | 0 € | 265 t€ |
| Other social security expenses | 44 t€ | -30 t€ | -33 t€ | -27 t€ | -18 t€ | -59 t€ |
| Other long-term liabilities | 27 t€ | 27 t€ | 27 t€ | 0 € | – | – |
| Short-term sales receivables | 780 t€ | 695 t€ | 527 t€ | 699 t€ | 1,1 M€ | 584 t€ |
| Depreciations according to plan | 26 t€ | -30 t€ | -40 t€ | -35 t€ | -42 t€ | -153 t€ |
| Other current liabilities | 175 t€ | 95 t€ | 116 t€ | 53 t€ | 119 t€ | 145 t€ |
| Inventory increase (+) or decrease (-) | 5 299 € | -16 t€ | -5 127 € | -50 t€ | 48 t€ | -5 513 € |
| Short-term accounts payable | 628 t€ | 343 t€ | 295 t€ | 375 t€ | 764 t€ | 600 t€ |
| Retained earnings | 157 t€ | 269 t€ | 145 t€ | 161 t€ | 1,1 M€ | 1,1 M€ |
| Machinery and equipment | 56 t€ | 54 t€ | 72 t€ | 85 t€ | 114 t€ | 408 t€ |
| Wages and salaries | 1,5 M€ | -1,4 M€ | -1,4 M€ | -1,3 M€ | -1,5 M€ | -1,9 M€ |
| Other interest and financial income from non-group companies | 140 € | 1 940 € | 45 € | 391 € | 685 € | 781 € |
| Income from shares in Group companies | 112 t€ | 0 € | – | – | – | – |
| Other intangible assets | 11 t€ | 18 t€ | 30 t€ | 26 t€ | 32 t€ | 22 t€ |
| Short-term liabilities to credit institutions | 43 t€ | 0 € | 0 € | 150 t€ | 638 t€ | 152 t€ |
| Intangible assets | 11 t€ | 18 t€ | 30 t€ | 26 t€ | 32 t€ | 22 t€ |
| Investments | 248 t€ | 0 € | – | – | 0 € | 409 t€ |
| Pension expenses | 261 t€ | -256 t€ | -226 t€ | -265 t€ | -308 t€ | -366 t€ |
| Materials and supplies | 33 t€ | 38 t€ | 54 t€ | 59 t€ | 109 t€ | 384 t€ |
| Other mandatory provisions | – | – | – | – | 0 € | 30 t€ |
| Shares and similar rights of ownership in subsidiaries | 248 t€ | 0 € | – | – | 0 € | 409 t€ |
| Services purchased | 1,2 M€ | -1,4 M€ | -1,1 M€ | -1,3 M€ | -2,2 M€ | -1,3 M€ |
| Liabilities | 2,0 M€ | 1,4 M€ | 1,5 M€ | 1,5 M€ | 2,6 M€ | 3,8 M€ |
| Short-term advances received | 0 € | 10 t€ | 3 662 € | 31 t€ | 59 t€ | 205 t€ |
| Short-term prepayments and accrued income | 145 t€ | 17 t€ | 34 t€ | 13 t€ | 24 t€ | 50 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
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.
Sales to public buyers
Largest buyers
Public contracts won
- RST-OsastotarjoiluvaunutHUS-yhtymä225 t€
- Torangin koulun saneeraus, keittiön koneiden ja kalusteiden hankintaKuusamon kaupunki228 t€
- Ammattikeittiölaitteet ja ammattipesukoneetSavonlinnan kaupunki, Itä-Savon koulutuskuntayhtymä850 t€
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