Applimech Oy is a limited company based in Espoo, registered in 2012. In the financial year ending 31.12.2024, revenue was 120 t€ and operating profit 5 781 €; equity ratio -230.1 %. Its taxable income in 2024 was 20 t€ and its income taxes 5 000 €. Public buyers bought 25 t€ from it in 2023–2024; the largest buyer is Konsernipalvelut (Pohjois-Pohjanmaan hyvinvointialue).
Financials
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Revenue | 120 t€ | 225 t€ | 151 t€ |
| Revenue change | -46,5 % | 49,3 % | – |
| EBITDA | 15 t€ | 54 t€ | -22 t€ |
| EBITDA % | 12,6 % | 24,1 % | -14,4 % |
| Operating profit | 5 781 € | 25 t€ | -53 t€ |
| Operating margin | 4,8 % | 11,2 % | -35,0 % |
| Net profit | -3 537 € | 3 017 € | -63 t€ |
| Personnel costs | 39 t€ | 86 t€ | 99 t€ |
| Equity ratio | -230,1 % | -171,1 % | -124,5 % |
| Quick ratio | 0,33 | 0,36 | 0,33 |
| Current ratio | 0,33 | 0,36 | 0,33 |
| Debt to revenue | 131,5 % | 75,2 % | 131,3 % |
| Balance sheet total | 48 t€ | 62 t€ | 88 t€ |
| Equity | -110 t€ | -107 t€ | -110 t€ |
| Cash and bank | 9 617 € | 12 t€ | 9 988 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 120 t€ | 225 t€ | 151 t€ |
| Other operating income | – | 0 € | -9 014 € |
| Raw materials and services | -11 t€ | -29 t€ | -15 t€ |
| Personnel expenses | -39 t€ | -86 t€ | -99 t€ |
| Depreciations and reductions in value | -9 389 € | -29 t€ | -31 t€ |
| Other operating expenses | -56 t€ | -56 t€ | -49 t€ |
| Operating profit (loss) | 5 781 € | 25 t€ | -53 t€ |
| Financial income and expenses + (-) | -9 318 € | -22 t€ | -10 t€ |
| Profit (loss) before appropriations and taxes | -3 537 € | 3 017 € | -63 t€ |
| Profit (loss) for the financial year | -3 537 € | 3 017 € | -63 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Non-current assets | 22 t€ | 31 t€ | 57 t€ |
| Receivables | 16 t€ | 19 t€ | 21 t€ |
| Cash in hand and at banks | 9 617 € | 12 t€ | 9 988 € |
| Current assets | 26 t€ | 31 t€ | 31 t€ |
| Assets | 48 t€ | 62 t€ | 88 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -110 t€ | -107 t€ | -110 t€ |
| Long-term liabilities | 79 t€ | 81 t€ | 104 t€ |
| Short-term liabilities | 79 t€ | 88 t€ | 94 t€ |
| Liabilities | 158 t€ | 169 t€ | 198 t€ |
All financial statement items (43)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 120 t€ | 225 t€ | 151 t€ |
| Other operating income | – | 0 € | -9 014 € |
| Raw materials and services | -11 t€ | -29 t€ | -15 t€ |
| Personnel expenses | -39 t€ | -86 t€ | -99 t€ |
| Depreciations and reductions in value | -9 389 € | -29 t€ | -31 t€ |
| Other operating expenses | -56 t€ | -56 t€ | -49 t€ |
| Operating profit (loss) | 5 781 € | 25 t€ | -53 t€ |
| Financial income and expenses + (-) | -9 318 € | -22 t€ | -10 t€ |
| Profit (loss) before appropriations and taxes | -3 537 € | 3 017 € | -63 t€ |
| Profit (loss) for the financial year | -3 537 € | 3 017 € | -63 t€ |
| Non-current assets | 22 t€ | 31 t€ | 57 t€ |
| Receivables | 16 t€ | 19 t€ | 21 t€ |
| Cash in hand and at banks | 9 617 € | 12 t€ | 9 988 € |
| Current assets | 26 t€ | 31 t€ | 31 t€ |
| Assets | 48 t€ | 62 t€ | 88 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -110 t€ | -107 t€ | -110 t€ |
| Long-term liabilities | 79 t€ | 81 t€ | 104 t€ |
| Short-term liabilities | 79 t€ | 88 t€ | 94 t€ |
| Liabilities | 158 t€ | 169 t€ | 198 t€ |
| Short-term sales receivables | 12 t€ | 7 397 € | 9 841 € |
| Retained earnings | -109 t€ | -112 t€ | -49 t€ |
| Short-term accrued expenses and deferred income | 5 294 € | 11 t€ | 24 t€ |
| Intangible assets | 325 € | 2 555 € | 22 t€ |
| Pension expenses | -12 t€ | -4 898 € | -14 t€ |
| Short-term accounts payable | 46 t€ | 19 t€ | 17 t€ |
| Other current liabilities | 28 t€ | 26 t€ | 25 t€ |
| Machinery and equipment | 21 t€ | 29 t€ | 35 t€ |
| Liabilities | 48 t€ | 62 t€ | 88 t€ |
| Short-term liabilities to credit institutions | 0 € | 31 t€ | 29 t€ |
| Short-term loan receivables | 4 001 € | 12 t€ | 11 t€ |
| Interest expenses and other financial expenses for non-Group companies | -9 318 € | -22 t€ | -10 t€ |
| Purchases during the financial year | -11 t€ | -29 t€ | -15 t€ |
| Tangible assets | 21 t€ | 29 t€ | 35 t€ |
| Short-term receivables | 16 t€ | 19 t€ | 21 t€ |
| Wages and salaries | -23 t€ | -80 t€ | -82 t€ |
| Profit (loss) for the period, equity | -3 537 € | 3 017 € | -63 t€ |
| Depreciations according to plan | -9 389 € | -29 t€ | -31 t€ |
| Long-term liabilities to credit institutions | 79 t€ | 81 t€ | 104 t€ |
| Other social security expenses | -3 080 € | -878 € | -3 220 € |
| Other intangible assets | 325 € | 2 555 € | 4 784 € |
| Development expenses | – | 0 € | 17 t€ |
| Short-term prepayments and accrued income | 0 € | 122 € | 0 € |
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, Applimech Oy is in the upper half of the industry class industrial product and fashion design activities (170 companies with taxable income; median 9 514 €, 2,1 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.
Sales to public buyers
Largest buyers
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