Vision Group Oy is a limited company based in Hyvinkää, registered in 2013. In the financial year ending 31.10.2020, revenue was 5,4 M€ and operating profit 452 t€; equity ratio 56.1 %. Its taxable income in 2024 was 383 t€ and its income taxes 78 t€.
Financials
| Key figures | 31.10.2020 | 31.10.2019 |
|---|---|---|
| Revenue | 5,4 M€ | 4,6 M€ |
| Revenue change | 17,3 % | – |
| EBITDA | 482 t€ | 166 t€ |
| EBITDA % | 9,0 % | 3,6 % |
| Operating profit | 452 t€ | 147 t€ |
| Operating margin | 8,4 % | 3,2 % |
| Net profit | 379 t€ | 114 t€ |
| Personnel costs | 558 t€ | 541 t€ |
| Equity ratio | 56,1 % | 47,8 % |
| Quick ratio | 3,36 | 3,35 |
| Current ratio | 6,93 | 7,15 |
| Debt to revenue | 34,7 % | 51,9 % |
| Return on equity | 15,9 % | 5,3 % |
| Balance sheet total | 4,2 M€ | 4,5 M€ |
| Equity | 2,4 M€ | 2,2 M€ |
| Cash and bank | 1,1 M€ | 869 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.10.2020 | 31.10.2019 | |
|---|---|---|
| Turnover | 5,4 M€ | 4,6 M€ |
| Other operating income | 72 t€ | 142 € |
| Raw materials and services | -3,4 M€ | -2,9 M€ |
| Personnel expenses | -558 t€ | -541 t€ |
| Depreciations and reductions in value | -30 t€ | -18 t€ |
| Other operating expenses | -998 t€ | -941 t€ |
| Operating profit (loss) | 452 t€ | 147 t€ |
| Financial income and expenses + (-) | -17 t€ | -33 t€ |
| Profit (loss) before appropriations and taxes | 435 t€ | 114 t€ |
| Income taxes | -56 t€ | 0 € |
| Profit (loss) for the financial year | 379 t€ | 114 t€ |
Balance sheet
| 31.10.2020 | 31.10.2019 | |
|---|---|---|
| Non-current assets | 137 t€ | 106 t€ |
| Stocks | 2,1 M€ | 2,4 M€ |
| Receivables | 912 t€ | 1,2 M€ |
| Cash in hand and at banks | 1,1 M€ | 869 t€ |
| Current assets | 4,1 M€ | 4,4 M€ |
| Assets | 4,2 M€ | 4,5 M€ |
| Capital and reserves | 2,4 M€ | 2,2 M€ |
| Long-term liabilities | 1,3 M€ | 1,8 M€ |
| Short-term liabilities | 593 t€ | 621 t€ |
| Liabilities | 1,9 M€ | 2,4 M€ |
All financial statement items (52)
| 31.10.2020 | 31.10.2019 | |
|---|---|---|
| Turnover | 5,4 M€ | 4,6 M€ |
| Other operating income | 72 t€ | 142 € |
| Raw materials and services | -3,4 M€ | -2,9 M€ |
| Personnel expenses | -558 t€ | -541 t€ |
| Depreciations and reductions in value | -30 t€ | -18 t€ |
| Other operating expenses | -998 t€ | -941 t€ |
| Operating profit (loss) | 452 t€ | 147 t€ |
| Financial income and expenses + (-) | -17 t€ | -33 t€ |
| Profit (loss) before appropriations and taxes | 435 t€ | 114 t€ |
| Income taxes | -56 t€ | 0 € |
| Profit (loss) for the financial year | 379 t€ | 114 t€ |
| Non-current assets | 137 t€ | 106 t€ |
| Stocks | 2,1 M€ | 2,4 M€ |
| Receivables | 912 t€ | 1,2 M€ |
| Cash in hand and at banks | 1,1 M€ | 869 t€ |
| Current assets | 4,1 M€ | 4,4 M€ |
| Assets | 4,2 M€ | 4,5 M€ |
| Capital and reserves | 2,4 M€ | 2,2 M€ |
| Long-term liabilities | 1,3 M€ | 1,8 M€ |
| Short-term liabilities | 593 t€ | 621 t€ |
| Liabilities | 1,9 M€ | 2,4 M€ |
| Buildings and structures, Owned | 62 t€ | 67 t€ |
| Purchases during the financial year | -3,1 M€ | -2,9 M€ |
| Short-term receivables | 912 t€ | 1,2 M€ |
| Other short-term receivables | 15 t€ | 25 t€ |
| Profit (loss) for the period, equity | 379 t€ | 114 t€ |
| Short-term loan receivables | 64 t€ | 64 t€ |
| Tangible assets | 137 t€ | 106 t€ |
| Advance payments | 609 t€ | 596 t€ |
| Short-term accrued expenses and deferred income | 64 t€ | 53 t€ |
| Other long-term liabilities | 300 t€ | 150 t€ |
| Interest expenses and other financial expenses for non-Group companies | -73 t€ | -64 t€ |
| Long-term liabilities to credit institutions | 785 t€ | 1,5 M€ |
| Other social security expenses | -36 t€ | -17 t€ |
| Short-term sales receivables | 810 t€ | 1,1 M€ |
| Depreciations according to plan | -30 t€ | -18 t€ |
| Other current liabilities | 331 t€ | 408 t€ |
| Inventory increase (+) or decrease (-) | -259 t€ | 35 t€ |
| Short-term accounts payable | 195 t€ | 159 t€ |
| Retained earnings | 2,0 M€ | 2,1 M€ |
| Machinery and equipment | 74 t€ | 38 t€ |
| Wages and salaries | -444 t€ | -438 t€ |
| Other interest and financial income from non-group companies | 56 t€ | 31 t€ |
| Short-term liabilities to credit institutions | 82 € | 82 € |
| Other tangible assets | 569 € | 1 137 € |
| Pension expenses | -79 t€ | -86 t€ |
| Services purchased | -380 € | -38 t€ |
| Liabilities | 4,2 M€ | 4,5 M€ |
| Short-term advances received | 2 048 € | 117 € |
| Short-term prepayments and accrued income | 23 t€ | 1 240 € |
| Long-term accounts payable | 184 t€ | 150 t€ |
| Finished products | 1,5 M€ | 1,8 M€ |
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, Vision Group Oy is in the top 10 % of the industry class wholesale of sports goods (115 companies with taxable income; median 20 t€, 19 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.
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