NP Vatanen Oy is a limited company based in Joensuu, registered in 2015. In the financial year ending 31.12.2025, revenue was 383 t€ and operating profit 1 877 €; equity ratio 56.4 %.
Revenue 2025383 t€+65 % on the previous year
Operating profit1 877 €0,5 % of revenue
Net profit1 996 €EBITDA -2 699 €
Equity ratio56,4 %quick ratio 1,11
In business11 yrsregistered 3.3.2015
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 383 t€ | 233 t€ | 257 t€ | 211 t€ |
| Revenue change | 64,6 % | -9,6 % | 21,9 % | – |
| EBITDA | -2 699 € | 8 892 € | 813 € | 20 t€ |
| EBITDA % | -0,7 % | 3,8 % | 0,3 % | 9,3 % |
| Operating profit | 1 877 € | 3 382 € | -4 921 € | 7 027 € |
| Operating margin | 0,5 % | 1,5 % | -1,9 % | 3,3 % |
| Net profit | 1 996 € | 3 367 € | -4 960 € | 5 630 € |
| Personnel costs | -69 t€ | 39 t€ | 82 t€ | 90 t€ |
| Equity ratio | 56,4 % | 64,1 % | 52,8 % | 75,0 % |
| Quick ratio | 1,11 | 0,88 | 0,75 | 1,56 |
| Current ratio | 1,21 | 0,88 | 0,75 | 1,56 |
| Debt to revenue | 9,9 % | 11,4 % | 15,2 % | 8,4 % |
| Return on equity | 4,1 % | 7,1 % | -11,3 % | 10,6 % |
| Balance sheet total | 87 t€ | 74 t€ | 83 t€ | 71 t€ |
| Equity | 49 t€ | 47 t€ | 44 t€ | 53 t€ |
| Cash and bank | 25 t€ | 8 684 € | 20 t€ | 24 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 | |
|---|---|---|---|---|
| Turnover | 383 t€ | 233 t€ | 257 t€ | 211 t€ |
| Other operating income | 15 t€ | 500 € | 1 300 € | 4 733 € |
| Raw materials and services | 249 t€ | -149 t€ | -141 t€ | -65 t€ |
| Personnel expenses | 69 t€ | -39 t€ | -82 t€ | -90 t€ |
| Depreciations and reductions in value | 4 576 € | -5 510 € | -5 734 € | -13 t€ |
| Other operating expenses | 73 t€ | -37 t€ | -35 t€ | -41 t€ |
| Operating profit (loss) | 1 877 € | 3 382 € | -4 921 € | 7 027 € |
| Financial income and expenses + (-) | -119 € | -15 € | -39 € | 9 € |
| Profit (loss) before appropriations and taxes | 1 996 € | 3 367 € | -4 960 € | 7 036 € |
| Income taxes | – | – | 0 € | -1 405 € |
| Profit (loss) for the financial year | 1 996 € | 3 367 € | -4 960 € | 5 630 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 41 t€ | 50 t€ | 54 t€ | 43 t€ |
| Stocks | 3 470 € | 0 € | – | – |
| Receivables | 18 t€ | 15 t€ | 9 109 € | 3 739 € |
| Cash in hand and at banks | 25 t€ | 8 684 € | 20 t€ | 24 t€ |
| Current assets | 46 t€ | 23 t€ | 29 t€ | 28 t€ |
| Assets | 87 t€ | 74 t€ | 83 t€ | 71 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 49 t€ | 47 t€ | 44 t€ | 53 t€ |
| Short-term liabilities | 38 t€ | 26 t€ | 39 t€ | 18 t€ |
| Liabilities | 38 t€ | 26 t€ | 39 t€ | 18 t€ |
All financial statement items (47)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 383 t€ | 233 t€ | 257 t€ | 211 t€ |
| Other operating income | 15 t€ | 500 € | 1 300 € | 4 733 € |
| Raw materials and services | 249 t€ | -149 t€ | -141 t€ | -65 t€ |
| Personnel expenses | 69 t€ | -39 t€ | -82 t€ | -90 t€ |
| Depreciations and reductions in value | 4 576 € | -5 510 € | -5 734 € | -13 t€ |
| Other operating expenses | 73 t€ | -37 t€ | -35 t€ | -41 t€ |
| Operating profit (loss) | 1 877 € | 3 382 € | -4 921 € | 7 027 € |
| Financial income and expenses + (-) | -119 € | -15 € | -39 € | 9 € |
| Profit (loss) before appropriations and taxes | 1 996 € | 3 367 € | -4 960 € | 7 036 € |
| Income taxes | – | – | 0 € | -1 405 € |
| Profit (loss) for the financial year | 1 996 € | 3 367 € | -4 960 € | 5 630 € |
| Non-current assets | 41 t€ | 50 t€ | 54 t€ | 43 t€ |
| Stocks | 3 470 € | 0 € | – | – |
| Receivables | 18 t€ | 15 t€ | 9 109 € | 3 739 € |
| Cash in hand and at banks | 25 t€ | 8 684 € | 20 t€ | 24 t€ |
| Current assets | 46 t€ | 23 t€ | 29 t€ | 28 t€ |
| Assets | 87 t€ | 74 t€ | 83 t€ | 71 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 49 t€ | 47 t€ | 44 t€ | 53 t€ |
| Short-term liabilities | 38 t€ | 26 t€ | 39 t€ | 18 t€ |
| Liabilities | 38 t€ | 26 t€ | 39 t€ | 18 t€ |
| Buildings and structures, Owned | 9 211 € | 9 905 € | 11 t€ | 11 t€ |
| Finished products | 3 470 € | 0 € | – | – |
| Other short-term receivables | 1 466 € | 594 € | 1 323 € | 1 € |
| Other current liabilities | 28 t€ | 18 t€ | 18 t€ | 6 233 € |
| Other intangible assets | 7 519 € | 8 782 € | 10 t€ | 11 t€ |
| Retained earnings | 45 t€ | 41 t€ | 46 t€ | 45 t€ |
| Short-term prepayments and accrued income | 0 € | 2 350 € | 0 € | 2 459 € |
| Short-term accounts payable | 5 920 € | 3 244 € | 12 t€ | 7 405 € |
| Short-term sales receivables | 16 t€ | 12 t€ | 7 786 € | 1 279 € |
| Purchases during the financial year | 243 t€ | -144 t€ | -140 t€ | -60 t€ |
| Profit (loss) for the period, equity | 1 996 € | 3 367 € | -4 960 € | 5 630 € |
| Intangible rights | 1 000 € | 0 € | – | – |
| Short-term receivables | 18 t€ | 15 t€ | 9 109 € | 3 739 € |
| Interest expenses and other financial expenses for non-Group companies | 0 € | -15 € | -39 € | -2 € |
| Tangible assets | 33 t€ | 41 t€ | 44 t€ | 32 t€ |
| Wages and salaries | 52 t€ | -27 t€ | -65 t€ | -72 t€ |
| Short-term accrued expenses and deferred income | 3 596 € | 4 705 € | 8 547 € | 4 024 € |
| Intangible assets | 8 519 € | 8 782 € | 10 t€ | 11 t€ |
| Liabilities | 87 t€ | 74 t€ | 83 t€ | 71 t€ |
| Other interest and financial income from non-group companies | 120 € | 0 € | 0 € | 11 € |
| Other social security expenses | 3 714 € | -4 074 € | -3 656 € | -5 626 € |
| Machinery and equipment | 24 t€ | 32 t€ | 33 t€ | 20 t€ |
| Depreciations according to plan | 4 576 € | -5 510 € | -5 734 € | -13 t€ |
| Services purchased | 9 789 € | -5 179 € | -944 € | -5 023 € |
| Inventory increase (+) or decrease (-) | -3 470 € | 0 € | – | – |
| Pension expenses | 13 t€ | -8 158 € | -13 t€ | -12 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.