Inarin Kehitys Oy is a limited company based in Inari, registered in 2011. In the financial year ending 31.12.2025, revenue was 274 t€ and operating profit 39 t€; equity ratio 87.8 %. Public buyers bought 59 t€ from it in 2022–2024; the largest buyer is Tuomioistuinlaitos (Oikeusministeriön hallinnonala).
Revenue 2025274 t€+14 % on the previous year
Operating profit39 t€14,3 % of revenue
Net profit40 t€EBITDA 15 t€
Equity ratio87,8 %quick ratio 4,36
Taxable income 20240 €
profit as taxed
Income taxes 20240 €39 t€ in 2020–2024
In business15 yrsregistered 22.9.2011
Sales to public buyers59 t€2022–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 274 t€ | 240 t€ | 288 t€ | 250 t€ | 326 t€ |
| Revenue change | 13,9 % | -16,6 % | 15,5 % | -23,4 % | – |
| EBITDA | 15 t€ | 18 t€ | 3 650 € | -42 t€ | 113 t€ |
| EBITDA % | 5,4 % | 7,4 % | 1,3 % | -16,9 % | 34,7 % |
| Operating profit | 39 t€ | -5 753 € | -12 t€ | -58 t€ | 96 t€ |
| Operating margin | 14,3 % | -2,4 % | -4,2 % | -23,4 % | 29,5 % |
| Net profit | 40 t€ | 1 272 € | -7 086 € | -62 t€ | 71 t€ |
| Equity ratio | 87,8 % | 84,6 % | 80,2 % | 78,2 % | 78,0 % |
| Quick ratio | 4,36 | 4,21 | 6,36 | 6,73 | 8,24 |
| Current ratio | 4,36 | 4,21 | 6,36 | 6,73 | 8,24 |
| Debt to revenue | 37,0 % | 52,5 % | 59,2 % | 77,8 % | 66,0 % |
| Return on equity | 5,5 % | 0,2 % | -1,0 % | -9,0 % | 9,3 % |
| Balance sheet total | 833 t€ | 818 t€ | 861 t€ | 892 t€ | 975 t€ |
| Equity | 732 t€ | 692 t€ | 690 t€ | 697 t€ | 760 t€ |
| Cash and bank | 38 t€ | 3 748 € | 60 t€ | 35 t€ | 511 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 274 t€ | 240 t€ | 288 t€ | 250 t€ | 326 t€ |
| Other operating income | – | – | 0 € | 1 174 € | 0 € |
| Depreciations and reductions in value | 24 t€ | -24 t€ | -16 t€ | -16 t€ | -17 t€ |
| Other operating expenses | 210 t€ | -222 t€ | -285 t€ | -293 t€ | -213 t€ |
| Operating profit (loss) | 39 t€ | -5 753 € | -12 t€ | -58 t€ | 96 t€ |
| Financial income and expenses + (-) | -849 € | 7 025 € | 4 885 € | -4 074 € | -7 192 € |
| Profit (loss) before appropriations and taxes | 40 t€ | 1 272 € | -7 086 € | -62 t€ | 89 t€ |
| Income taxes | – | – | 0 € | -8 € | -18 t€ |
| Profit (loss) for the financial year | 40 t€ | 1 272 € | -7 086 € | -62 t€ | 71 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 595 t€ | 589 t€ | 395 t€ | 411 t€ | 427 t€ |
| Receivables | 200 t€ | 225 t€ | 406 t€ | 446 t€ | 36 t€ |
| Cash in hand and at banks | 38 t€ | 3 748 € | 60 t€ | 35 t€ | 511 t€ |
| Current assets | 238 t€ | 229 t€ | 466 t€ | 481 t€ | 548 t€ |
| Assets | 833 t€ | 818 t€ | 861 t€ | 892 t€ | 975 t€ |
| Share capital or other similar capital | 75 t€ | 75 t€ | 75 t€ | 75 t€ | 75 t€ |
| Capital and reserves | 732 t€ | 692 t€ | 690 t€ | 697 t€ | 760 t€ |
| Long-term liabilities | 47 t€ | 72 t€ | 98 t€ | 123 t€ | 148 t€ |
| Short-term liabilities | 55 t€ | 54 t€ | 73 t€ | 71 t€ | 67 t€ |
| Liabilities | 101 t€ | 126 t€ | 171 t€ | 194 t€ | 215 t€ |
All financial statement items (41)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 274 t€ | 240 t€ | 288 t€ | 250 t€ | 326 t€ |
| Other operating income | – | – | 0 € | 1 174 € | 0 € |
| Depreciations and reductions in value | 24 t€ | -24 t€ | -16 t€ | -16 t€ | -17 t€ |
| Other operating expenses | 210 t€ | -222 t€ | -285 t€ | -293 t€ | -213 t€ |
| Operating profit (loss) | 39 t€ | -5 753 € | -12 t€ | -58 t€ | 96 t€ |
| Financial income and expenses + (-) | -849 € | 7 025 € | 4 885 € | -4 074 € | -7 192 € |
| Profit (loss) before appropriations and taxes | 40 t€ | 1 272 € | -7 086 € | -62 t€ | 89 t€ |
| Income taxes | – | – | 0 € | -8 € | -18 t€ |
| Profit (loss) for the financial year | 40 t€ | 1 272 € | -7 086 € | -62 t€ | 71 t€ |
| Non-current assets | 595 t€ | 589 t€ | 395 t€ | 411 t€ | 427 t€ |
| Receivables | 200 t€ | 225 t€ | 406 t€ | 446 t€ | 36 t€ |
| Cash in hand and at banks | 38 t€ | 3 748 € | 60 t€ | 35 t€ | 511 t€ |
| Current assets | 238 t€ | 229 t€ | 466 t€ | 481 t€ | 548 t€ |
| Assets | 833 t€ | 818 t€ | 861 t€ | 892 t€ | 975 t€ |
| Share capital or other similar capital | 75 t€ | 75 t€ | 75 t€ | 75 t€ | 75 t€ |
| Capital and reserves | 732 t€ | 692 t€ | 690 t€ | 697 t€ | 760 t€ |
| Long-term liabilities | 47 t€ | 72 t€ | 98 t€ | 123 t€ | 148 t€ |
| Short-term liabilities | 55 t€ | 54 t€ | 73 t€ | 71 t€ | 67 t€ |
| Liabilities | 101 t€ | 126 t€ | 171 t€ | 194 t€ | 215 t€ |
| Depreciations according to plan | 24 t€ | -24 t€ | -16 t€ | -16 t€ | -17 t€ |
| Tangible assets | 595 t€ | 589 t€ | 395 t€ | 411 t€ | 427 t€ |
| Retained earnings | 617 t€ | 615 t€ | 622 t€ | 685 t€ | 614 t€ |
| Short-term receivables | 15 t€ | 20 t€ | 31 t€ | 41 t€ | 36 t€ |
| Other current liabilities | 3 809 € | -9 991 € | 746 € | 3 700 € | 8 048 € |
| Short-term sales receivables | 3 057 € | 4 527 € | 9 157 € | 10 t€ | 30 t€ |
| Short-term prepayments and accrued income | 12 t€ | 16 t€ | 21 t€ | 28 t€ | 9 € |
| Other interest and financial income from non-group companies | 4 923 € | 14 t€ | 12 t€ | 4 € | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 4 074 € | -6 768 € | -7 226 € | -4 079 € | -7 192 € |
| Short-term accounts payable | 25 t€ | 39 t€ | 47 t€ | 42 t€ | 33 t€ |
| Land and water areas, Owned | 26 t€ | 26 t€ | 26 t€ | 26 t€ | 26 t€ |
| Advance payments and construction in progress | 0 € | -83 € | 0 € | – | – |
| Long-term loan receivables | 185 t€ | 205 t€ | 375 t€ | 405 t€ | 0 € |
| Long-term receivables | 185 t€ | 205 t€ | 375 t€ | 405 t€ | 0 € |
| Profit (loss) for the period, equity | 40 t€ | 1 272 € | -7 086 € | -62 t€ | 71 t€ |
| Other short-term receivables | – | 0 € | 1 481 € | 3 039 € | 6 564 € |
| Long-term liabilities to credit institutions | 47 t€ | 72 t€ | 98 t€ | 123 t€ | 148 t€ |
| Buildings and structures, Owned | 567 t€ | 563 t€ | 369 t€ | 384 t€ | 400 t€ |
| Liabilities | 833 t€ | 818 t€ | 861 t€ | 892 t€ | 975 t€ |
| Short-term advances received | 0 € | 345 € | 300 € | 370 € | 0 € |
| Machinery and equipment | 2 564 € | 568 € | 757 € | 1 008 € | 1 343 € |
| Short-term liabilities to credit institutions | 25 t€ | 25 t€ | 25 t€ | 25 t€ | 25 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
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