Endicum Oy is a limited company based in Turku, registered in 2010. In the financial year ending 31.12.2023, revenue was 108 t€ and operating profit 51 t€; equity ratio 93.4 %. Its taxable income in 2024 was 52 t€ and its income taxes 11 t€.
Revenue 2023108 t€+52 % on the previous year
Operating profit51 t€46,9 % of revenue
Net profit48 t€EBITDA 71 t€
Equity ratio93,4 %quick ratio 8,92
Taxable income 202452 t€
upper half of its industry
Income taxes 202411 t€15 t€ in 2020–2024
In business16 yrsregistered 21.1.2010
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Revenue | 108 t€ | 71 t€ | 13 t€ |
| Revenue change | 52,5 % | 448,8 % | – |
| EBITDA | 71 t€ | 25 t€ | -1 434 € |
| EBITDA % | 65,5 % | 35,8 % | -11,1 % |
| Operating profit | 51 t€ | 14 t€ | -16 t€ |
| Operating margin | 46,9 % | 19,6 % | -122,1 % |
| Net profit | 48 t€ | 9 158 € | -14 t€ |
| Personnel costs | 428 € | 453 € | 1 156 € |
| Equity ratio | 93,4 % | 97,2 % | 99,7 % |
| Quick ratio | 8,92 | 23,71 | 160,37 |
| Current ratio | 8,92 | 23,71 | 185,21 |
| Debt to revenue | 9,0 % | 3,9 % | 2,2 % |
| Return on equity | 34,6 % | 9,3 % | -15,0 % |
| Balance sheet total | 148 t€ | 101 t€ | 96 t€ |
| Equity | 138 t€ | 98 t€ | 96 t€ |
| Cash and bank | 58 t€ | 45 t€ | 39 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|
| Turnover | 108 t€ | 71 t€ | 13 t€ |
| Other operating income | – | 0 € | 1 875 € |
| Raw materials and services | 0 € | -6 975 € | -312 € |
| Personnel expenses | -428 € | -453 € | -1 156 € |
| Depreciations and reductions in value | -20 t€ | -11 t€ | -14 t€ |
| Other operating expenses | -37 t€ | -38 t€ | -15 t€ |
| Operating profit (loss) | 51 t€ | 14 t€ | -16 t€ |
| Financial income and expenses + (-) | 1 594 € | -4 754 € | 1 426 € |
| Profit (loss) before appropriations and taxes | 52 t€ | 9 158 € | -14 t€ |
| Income taxes | -4 488 € | 0 € | – |
| Profit (loss) for the financial year | 48 t€ | 9 158 € | -14 t€ |
Balance sheet
| 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|
| Non-current assets | 61 t€ | 34 t€ | 43 t€ |
| Stocks | – | 0 € | 7 102 € |
| Receivables | 12 t€ | 6 230 € | 6 463 € |
| Cash in hand and at banks | 58 t€ | 45 t€ | 39 t€ |
| Current assets | 87 t€ | 66 t€ | 53 t€ |
| Assets | 148 t€ | 101 t€ | 96 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 138 t€ | 98 t€ | 96 t€ |
| Short-term liabilities | 9 780 € | 2 799 € | 286 € |
| Liabilities | 9 780 € | 2 799 € | 286 € |
All financial statement items (44)
| 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|
| Turnover | 108 t€ | 71 t€ | 13 t€ |
| Other operating income | – | 0 € | 1 875 € |
| Raw materials and services | 0 € | -6 975 € | -312 € |
| Personnel expenses | -428 € | -453 € | -1 156 € |
| Depreciations and reductions in value | -20 t€ | -11 t€ | -14 t€ |
| Other operating expenses | -37 t€ | -38 t€ | -15 t€ |
| Operating profit (loss) | 51 t€ | 14 t€ | -16 t€ |
| Financial income and expenses + (-) | 1 594 € | -4 754 € | 1 426 € |
| Profit (loss) before appropriations and taxes | 52 t€ | 9 158 € | -14 t€ |
| Income taxes | -4 488 € | 0 € | – |
| Profit (loss) for the financial year | 48 t€ | 9 158 € | -14 t€ |
| Non-current assets | 61 t€ | 34 t€ | 43 t€ |
| Stocks | – | 0 € | 7 102 € |
| Receivables | 12 t€ | 6 230 € | 6 463 € |
| Cash in hand and at banks | 58 t€ | 45 t€ | 39 t€ |
| Current assets | 87 t€ | 66 t€ | 53 t€ |
| Assets | 148 t€ | 101 t€ | 96 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 138 t€ | 98 t€ | 96 t€ |
| Short-term liabilities | 9 780 € | 2 799 € | 286 € |
| Liabilities | 9 780 € | 2 799 € | 286 € |
| Other short-term receivables | 30 € | 30 € | 15 € |
| Other current liabilities | 4 614 € | 1 929 € | 286 € |
| Retained earnings | 88 t€ | 86 t€ | 108 t€ |
| Short-term accounts payable | 678 € | 870 € | 0 € |
| Short-term sales receivables | 12 t€ | 6 200 € | 6 448 € |
| Purchases during the financial year | 0 € | -71 € | 0 € |
| Profit (loss) for the period, equity | 48 t€ | 9 158 € | -14 t€ |
| Short-term receivables | 12 t€ | 6 230 € | 6 463 € |
| Interest expenses and other financial expenses for non-Group companies | -954 € | -6 066 € | -11 € |
| Tangible assets | 61 t€ | 34 t€ | 43 t€ |
| Short-term accrued expenses and deferred income | 4 488 € | 0 € | – |
| Liabilities | 148 t€ | 101 t€ | 96 t€ |
| Other interest and financial income from non-group companies | 2 548 € | 1 312 € | 0 € |
| Other social security expenses | -428 € | -453 € | -334 € |
| Machinery and equipment | 61 t€ | 34 t€ | 43 t€ |
| Other shares and holdings | 17 t€ | 15 t€ | 0 € |
| Shares and holdings | 17 t€ | 15 t€ | 0 € |
| Other stocks | – | 0 € | 7 102 € |
| Depreciations according to plan | -20 t€ | -11 t€ | -14 t€ |
| Services purchased | 0 € | -74 € | -312 € |
| Inventory increase (+) or decrease (-) | 0 € | -6 829 € | 0 € |
| Pension expenses | – | 0 € | -822 € |
| Income from other investments under non-current assets, from other companies | – | 0 € | 1 437 € |
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, Endicum Oy is in the upper half of the industry class business and other management consultancy activities (7663 companies with taxable income; median 16 t€, 3,3 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.