TO Enterprises Oy is a limited company based in Turku, registered in 2009. The company has been in liquidation since 5.3.2026. In the financial year ending 31.10.2025, revenue was 178 t€ and operating profit 325 t€; equity ratio 82.8 %. Its taxable income in 2024 was 34 t€ and its income taxes 6 763 €. Public buyers bought 925 € from it in 2022–2022; the largest buyer is Etelä-Suomen aluehallintovirasto (Valtiovarainministeriön hallinnonala). Latest Trade Register entry: liquidation, 26.4.2026.
Financials
| Key figures | 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 |
|---|---|---|---|---|
| Revenue | 178 t€ | 504 t€ | 515 t€ | 503 t€ |
| Revenue change | -64,7 % | -2,2 % | 2,5 % | – |
| EBITDA | 325 t€ | 35 t€ | 62 t€ | 72 t€ |
| EBITDA % | 182,7 % | 6,9 % | 12,0 % | 14,4 % |
| Operating profit | 325 t€ | 34 t€ | 61 t€ | 72 t€ |
| Operating margin | 182,7 % | 6,8 % | 11,8 % | 14,2 % |
| Net profit | 259 t€ | 27 t€ | 56 t€ | 71 t€ |
| Personnel costs | -31 t€ | 88 t€ | 83 t€ | 87 t€ |
| Equity ratio | 82,8 % | 1,6 % | -20,1 % | -63,1 % |
| Quick ratio | 0,10 | 0,37 | 0,37 | 0,33 |
| Current ratio | 0,10 | 2,40 | 2,36 | 1,86 |
| Debt to revenue | 30,6 % | 24,9 % | 28,9 % | 41,7 % |
| Return on equity | 99,2 % | 1297,4 % | – | – |
| Balance sheet total | 316 t€ | 128 t€ | 124 t€ | 129 t€ |
| Equity | 261 t€ | 2 082 € | -25 t€ | -81 t€ |
| Cash and bank | 4 632 € | 3 892 € | 8 898 € | 12 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | |
|---|---|---|---|---|
| Turnover | 178 t€ | 504 t€ | 515 t€ | 503 t€ |
| Other operating income | 415 t€ | 0 € | – | – |
| Raw materials and services | 167 t€ | -223 t€ | -221 t€ | -208 t€ |
| Personnel expenses | 31 t€ | -88 t€ | -83 t€ | -87 t€ |
| Depreciations and reductions in value | 0 € | -566 € | -678 € | -813 € |
| Other operating expenses | 69 t€ | -159 t€ | -150 t€ | -136 t€ |
| Operating profit (loss) | 325 t€ | 34 t€ | 61 t€ | 72 t€ |
| Financial income and expenses + (-) | 143 € | -380 € | -167 € | -206 € |
| Profit (loss) before appropriations and taxes | 325 t€ | 34 t€ | 61 t€ | 71 t€ |
| Income taxes | 66 t€ | -6 763 € | -4 491 € | 0 € |
| Profit (loss) for the financial year | 259 t€ | 27 t€ | 56 t€ | 71 t€ |
Balance sheet
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | |
|---|---|---|---|---|
| Non-current assets | 310 t€ | 3 265 € | 3 832 € | 4 510 € |
| Stocks | 0 € | 105 t€ | 102 t€ | 102 t€ |
| Receivables | 894 € | 15 t€ | 9 724 € | 10 t€ |
| Cash in hand and at banks | 4 632 € | 3 892 € | 8 898 € | 12 t€ |
| Current assets | 5 526 € | 124 t€ | 120 t€ | 124 t€ |
| Assets | 316 t€ | 128 t€ | 124 t€ | 129 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 261 t€ | 2 082 € | -25 t€ | -81 t€ |
| Long-term liabilities | 0 € | 74 t€ | 98 t€ | 143 t€ |
| Short-term liabilities | 54 t€ | 52 t€ | 51 t€ | 67 t€ |
| Liabilities | 54 t€ | 125 t€ | 149 t€ | 210 t€ |
All financial statement items (48)
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | |
|---|---|---|---|---|
| Turnover | 178 t€ | 504 t€ | 515 t€ | 503 t€ |
| Other operating income | 415 t€ | 0 € | – | – |
| Raw materials and services | 167 t€ | -223 t€ | -221 t€ | -208 t€ |
| Personnel expenses | 31 t€ | -88 t€ | -83 t€ | -87 t€ |
| Depreciations and reductions in value | 0 € | -566 € | -678 € | -813 € |
| Other operating expenses | 69 t€ | -159 t€ | -150 t€ | -136 t€ |
| Operating profit (loss) | 325 t€ | 34 t€ | 61 t€ | 72 t€ |
| Financial income and expenses + (-) | 143 € | -380 € | -167 € | -206 € |
| Profit (loss) before appropriations and taxes | 325 t€ | 34 t€ | 61 t€ | 71 t€ |
| Income taxes | 66 t€ | -6 763 € | -4 491 € | 0 € |
| Profit (loss) for the financial year | 259 t€ | 27 t€ | 56 t€ | 71 t€ |
| Non-current assets | 310 t€ | 3 265 € | 3 832 € | 4 510 € |
| Stocks | 0 € | 105 t€ | 102 t€ | 102 t€ |
| Receivables | 894 € | 15 t€ | 9 724 € | 10 t€ |
| Cash in hand and at banks | 4 632 € | 3 892 € | 8 898 € | 12 t€ |
| Current assets | 5 526 € | 124 t€ | 120 t€ | 124 t€ |
| Assets | 316 t€ | 128 t€ | 124 t€ | 129 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 261 t€ | 2 082 € | -25 t€ | -81 t€ |
| Long-term liabilities | 0 € | 74 t€ | 98 t€ | 143 t€ |
| Short-term liabilities | 54 t€ | 52 t€ | 51 t€ | 67 t€ |
| Liabilities | 54 t€ | 125 t€ | 149 t€ | 210 t€ |
| Long-term subordinated loans | 0 € | 68 t€ | 98 t€ | 143 t€ |
| Other current liabilities | 470 € | 16 t€ | 22 t€ | 25 t€ |
| Long-term liabilities to credit institutions | 0 € | 5 721 € | 0 € | – |
| Wages and salaries | 26 t€ | -72 t€ | -69 t€ | -73 t€ |
| Inventory increase (+) or decrease (-) | 105 t€ | 3 428 € | -563 € | 2 509 € |
| Pension expenses | 4 290 € | -14 t€ | -12 t€ | -12 t€ |
| Tangible assets | 0 € | 3 015 € | 3 582 € | 4 260 € |
| Depreciations according to plan | 0 € | -566 € | -678 € | -813 € |
| Liabilities | 316 t€ | 128 t€ | 124 t€ | 129 t€ |
| Other short-term receivables | 379 € | 197 € | 240 € | 15 € |
| Investments | 310 t€ | 250 € | 250 € | 250 € |
| Other social security expenses | 691 € | -1 947 € | -1 692 € | -2 526 € |
| Profit (loss) for the period, equity | 259 t€ | 27 t€ | 56 t€ | 71 t€ |
| Services purchased | 18 t€ | -60 t€ | -60 t€ | -50 t€ |
| Retained earnings | -418 € | -27 t€ | -84 t€ | -155 t€ |
| Purchases during the financial year | 44 t€ | -166 t€ | -160 t€ | -160 t€ |
| Finished products | 0 € | 105 t€ | 102 t€ | 102 t€ |
| Short-term prepayments and accrued income | 515 € | 6 601 € | 3 766 € | 4 573 € |
| Other interest and financial income from non-group companies | 0 € | 0 € | 0 € | 0 € |
| Other shares and similar rights of ownership | 310 t€ | 250 € | 250 € | 250 € |
| Short-term accrued expenses and deferred income | 54 t€ | 12 t€ | 13 t€ | 14 t€ |
| Short-term sales receivables | 0 € | 8 640 € | 5 718 € | 5 628 € |
| Short-term receivables | 894 € | 15 t€ | 9 724 € | 10 t€ |
| Interest expenses and other financial expenses for non-Group companies | 143 € | -381 € | -167 € | -206 € |
| Machinery and equipment | 0 € | 3 015 € | 3 582 € | 4 260 € |
| Short-term accounts payable | 174 € | 24 t€ | 17 t€ | 29 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, TO Enterprises Oy is in the lower half of the industry class retail sale of optical medical goods (164 companies with taxable income; median 42 t€).
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
Trade Register events
- Liquidation
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