Pipeman Oy is a limited company based in Hollola, registered in 2009. In the financial year ending 31.8.2025, revenue was 111 t€ and operating profit 6 283 €; equity ratio 63.6 %. Its taxable income in 2024 was 1 702 € and its income taxes 340 €.
Revenue 2025111 t€-2 % on the previous year
Operating profit6 283 €5,6 % of revenue
Net profit4 357 €EBITDA 2 256 €
Equity ratio63,6 %quick ratio 2,81
Taxable income 20241 702 €
lower half of its industry
Income taxes 2024340 €340 € in 2020–2024
In business16 yrsregistered 16.12.2009
Financials
RevenueOperating profitNet profit
| Key figures | 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 |
|---|---|---|---|---|
| Revenue | 111 t€ | 114 t€ | 88 t€ | 107 t€ |
| Revenue change | -2,5 % | 30,1 % | -17,9 % | – |
| EBITDA | 2 256 € | 12 t€ | 2 540 € | 9 186 € |
| EBITDA % | 2,0 % | 10,4 % | 2,9 % | 8,6 % |
| Operating profit | 6 283 € | 9 864 € | 488 € | 6 450 € |
| Operating margin | 5,6 % | 8,6 % | 0,6 % | 6,0 % |
| Net profit | 4 357 € | 9 320 € | 266 € | 6 177 € |
| Personnel costs | -40 t€ | 36 t€ | 24 t€ | 28 t€ |
| Equity ratio | 63,6 % | 68,1 % | 66,7 % | 58,4 % |
| Quick ratio | 2,81 | 2,02 | 1,09 | 0,86 |
| Current ratio | 3,31 | 2,40 | 1,78 | 1,54 |
| Debt to revenue | 12,6 % | 8,9 % | 7,0 % | 8,1 % |
| Return on equity | 17,8 % | 43,0 % | 2,2 % | 51,1 % |
| Balance sheet total | 39 t€ | 32 t€ | 19 t€ | 21 t€ |
| Equity | 24 t€ | 22 t€ | 12 t€ | 12 t€ |
| Cash and bank | 12 t€ | 6 505 € | 1 608 € | 0 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | |
|---|---|---|---|---|
| Turnover | 111 t€ | 114 t€ | 88 t€ | 107 t€ |
| Other operating income | – | 0 € | 300 € | 0 € |
| Raw materials and services | 23 t€ | -39 t€ | -35 t€ | -41 t€ |
| Personnel expenses | 40 t€ | -36 t€ | -24 t€ | -28 t€ |
| Depreciations and reductions in value | 4 027 € | -2 033 € | -2 052 € | -2 736 € |
| Other operating expenses | 38 t€ | -27 t€ | -26 t€ | -28 t€ |
| Operating profit (loss) | 6 283 € | 9 864 € | 488 € | 6 450 € |
| Financial income and expenses + (-) | 809 € | -203 € | -222 € | -273 € |
| Profit (loss) before appropriations and taxes | 5 474 € | 9 661 € | 266 € | 6 177 € |
| Income taxes | 1 117 € | -340 € | 0 € | – |
| Profit (loss) for the financial year | 4 357 € | 9 320 € | 266 € | 6 177 € |
Balance sheet
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | |
|---|---|---|---|---|
| Non-current assets | 13 t€ | 7 499 € | 7 557 € | 9 609 € |
| Stocks | 3 792 € | 3 858 € | 4 247 € | 4 868 € |
| Receivables | 8 805 € | 14 t€ | 5 118 € | 6 229 € |
| Cash in hand and at banks | 12 t€ | 6 505 € | 1 608 € | 0 € |
| Current assets | 25 t€ | 24 t€ | 11 t€ | 11 t€ |
| Assets | 39 t€ | 32 t€ | 19 t€ | 21 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 24 t€ | 22 t€ | 12 t€ | 12 t€ |
| Long-term liabilities | 6 461 € | 0 € | 0 € | 1 395 € |
| Short-term liabilities | 7 574 € | 10 t€ | 6 174 € | 7 220 € |
| Liabilities | 14 t€ | 10 t€ | 6 174 € | 8 615 € |
All financial statement items (48)
| 31.8.2025 | 31.8.2024 | 31.8.2023 | 31.8.2022 | |
|---|---|---|---|---|
| Turnover | 111 t€ | 114 t€ | 88 t€ | 107 t€ |
| Other operating income | – | 0 € | 300 € | 0 € |
| Raw materials and services | 23 t€ | -39 t€ | -35 t€ | -41 t€ |
| Personnel expenses | 40 t€ | -36 t€ | -24 t€ | -28 t€ |
| Depreciations and reductions in value | 4 027 € | -2 033 € | -2 052 € | -2 736 € |
| Other operating expenses | 38 t€ | -27 t€ | -26 t€ | -28 t€ |
| Operating profit (loss) | 6 283 € | 9 864 € | 488 € | 6 450 € |
| Financial income and expenses + (-) | 809 € | -203 € | -222 € | -273 € |
| Profit (loss) before appropriations and taxes | 5 474 € | 9 661 € | 266 € | 6 177 € |
| Income taxes | 1 117 € | -340 € | 0 € | – |
| Profit (loss) for the financial year | 4 357 € | 9 320 € | 266 € | 6 177 € |
| Non-current assets | 13 t€ | 7 499 € | 7 557 € | 9 609 € |
| Stocks | 3 792 € | 3 858 € | 4 247 € | 4 868 € |
| Receivables | 8 805 € | 14 t€ | 5 118 € | 6 229 € |
| Cash in hand and at banks | 12 t€ | 6 505 € | 1 608 € | 0 € |
| Current assets | 25 t€ | 24 t€ | 11 t€ | 11 t€ |
| Assets | 39 t€ | 32 t€ | 19 t€ | 21 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 24 t€ | 22 t€ | 12 t€ | 12 t€ |
| Long-term liabilities | 6 461 € | 0 € | 0 € | 1 395 € |
| Short-term liabilities | 7 574 € | 10 t€ | 6 174 € | 7 220 € |
| Liabilities | 14 t€ | 10 t€ | 6 174 € | 8 615 € |
| Other short-term receivables | 0 € | 250 € | 0 € | 575 € |
| Other current liabilities | 548 € | 1 262 € | 1 216 € | 1 524 € |
| Retained earnings | 18 t€ | 9 856 € | 9 590 € | 3 413 € |
| Short-term prepayments and accrued income | 1 744 € | 1 818 € | 2 417 € | 844 € |
| Short-term accounts payable | 2 864 € | 8 553 € | 4 897 € | 5 696 € |
| Short-term sales receivables | 7 061 € | 12 t€ | 2 701 € | 4 809 € |
| Purchases during the financial year | 23 t€ | -37 t€ | -34 t€ | -42 t€ |
| Profit (loss) for the period, equity | 4 357 € | 9 320 € | 266 € | 6 177 € |
| Short-term receivables | 8 805 € | 14 t€ | 5 118 € | 6 229 € |
| Interest expenses and other financial expenses for non-Group companies | 810 € | -204 € | -227 € | -299 € |
| Tangible assets | 13 t€ | 7 499 € | 7 557 € | 9 609 € |
| Materials and supplies | 3 792 € | 3 858 € | 4 247 € | 4 868 € |
| Wages and salaries | 31 t€ | -28 t€ | -17 t€ | -20 t€ |
| Short-term accrued expenses and deferred income | 1 417 € | 340 € | 60 € | 0 € |
| Liabilities | 39 t€ | 32 t€ | 19 t€ | 21 t€ |
| Long-term accounts payable | 6 461 € | 0 € | – | – |
| Other interest and financial income from non-group companies | 1 € | 1 € | 5 € | 26 € |
| Other social security expenses | 2 900 € | -2 918 € | -1 747 € | -2 820 € |
| Long-term liabilities to credit institutions | – | – | 0 € | 1 395 € |
| Machinery and equipment | 12 t€ | 6 099 € | 6 157 € | 8 209 € |
| Depreciations according to plan | 4 027 € | -2 033 € | -2 052 € | -2 736 € |
| Services purchased | 0 € | -1 880 € | 0 € | – |
| Land and water areas, Owned | 1 400 € | 1 400 € | 1 400 € | 1 400 € |
| Inventory increase (+) or decrease (-) | 67 € | -389 € | -621 € | 382 € |
| Short-term liabilities to credit institutions | 2 744 € | 0 € | – | – |
| Pension expenses | 5 740 € | -5 543 € | -5 318 € | -5 145 € |
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, Pipeman Oy is in the lower half of the industry class plumbing, heat and air-conditioning installation (1802 companies with taxable income; median 25 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.