Gartano Oy is a limited company based in Joensuu, registered in 2016. In the financial year ending 30.4.2025, revenue was 379 t€ and operating profit -104 t€; equity ratio -781.9 %. Public buyers bought 7 350 € from it in 2022–2022; the largest buyer is Työllisyys, kehittämis- ja hallintokeskus (Työ- ja elinkeinoministeriön hallinnonala).
Financials
| Key figures | 30.4.2025 | 30.4.2024 |
|---|---|---|
| Revenue | 379 t€ | 693 t€ |
| Revenue change | -45,3 % | – |
| EBITDA | -105 t€ | -36 t€ |
| EBITDA % | -27,7 % | -5,2 % |
| Operating profit | -104 t€ | -35 t€ |
| Operating margin | -27,5 % | -5,1 % |
| Net profit | -129 t€ | -48 t€ |
| Personnel costs | -289 t€ | -513 t€ |
| Equity ratio | -781,9 % | -262,8 % |
| Quick ratio | 0,11 | 0,29 |
| Current ratio | 0,11 | 0,29 |
| Debt to revenue | 79,6 % | 27,7 % |
| Balance sheet total | 34 t€ | 53 t€ |
| Equity | -268 t€ | -139 t€ |
| Cash and bank | 1 357 € | 804 € |
Balance sheet
Income statement and balance sheet
Income statement
| 30.4.2025 | 30.4.2024 | |
|---|---|---|
| Turnover | 379 t€ | 693 t€ |
| Raw materials and services | 35 t€ | 26 t€ |
| Personnel expenses | 289 t€ | 513 t€ |
| Depreciations and reductions in value | 772 € | 1 029 € |
| Other operating expenses | 159 t€ | 188 t€ |
| Operating profit (loss) | -104 t€ | -35 t€ |
| Financial income and expenses + (-) | 24 t€ | 13 t€ |
| Profit (loss) before appropriations and taxes | -129 t€ | -48 t€ |
| Profit (loss) for the financial year | -129 t€ | -48 t€ |
Balance sheet
| 30.4.2025 | 30.4.2024 | |
|---|---|---|
| Non-current assets | 2 316 € | 3 087 € |
| Stocks | 113 € | 340 € |
| Receivables | 30 t€ | 49 t€ |
| Cash in hand and at banks | 1 357 € | 804 € |
| Current assets | 32 t€ | 50 t€ |
| Assets | 34 t€ | 53 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € |
| Capital and reserves | -268 t€ | -139 t€ |
| Long-term liabilities | 0 € | 23 t€ |
| Short-term liabilities | 302 t€ | 169 t€ |
| Liabilities | 302 t€ | 192 t€ |
All financial statement items (45)
| 30.4.2025 | 30.4.2024 | |
|---|---|---|
| Turnover | 379 t€ | 693 t€ |
| Raw materials and services | 35 t€ | 26 t€ |
| Personnel expenses | 289 t€ | 513 t€ |
| Depreciations and reductions in value | 772 € | 1 029 € |
| Other operating expenses | 159 t€ | 188 t€ |
| Operating profit (loss) | -104 t€ | -35 t€ |
| Financial income and expenses + (-) | 24 t€ | 13 t€ |
| Profit (loss) before appropriations and taxes | -129 t€ | -48 t€ |
| Profit (loss) for the financial year | -129 t€ | -48 t€ |
| Non-current assets | 2 316 € | 3 087 € |
| Stocks | 113 € | 340 € |
| Receivables | 30 t€ | 49 t€ |
| Cash in hand and at banks | 1 357 € | 804 € |
| Current assets | 32 t€ | 50 t€ |
| Assets | 34 t€ | 53 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € |
| Capital and reserves | -268 t€ | -139 t€ |
| Long-term liabilities | 0 € | 23 t€ |
| Short-term liabilities | 302 t€ | 169 t€ |
| Liabilities | 302 t€ | 192 t€ |
| Purchases during the financial year | 6 104 € | 11 t€ |
| Short-term receivables | 30 t€ | 49 t€ |
| Other short-term receivables | 488 € | 0 € |
| Profit (loss) for the period, equity | -129 t€ | -48 t€ |
| Tangible assets | 2 316 € | 3 087 € |
| Short-term accrued expenses and deferred income | 25 t€ | 52 t€ |
| Interest expenses and other financial expenses for non-Group companies | 24 t€ | 13 t€ |
| Long-term liabilities to credit institutions | 0 € | 23 t€ |
| Other social security expenses | 11 t€ | 21 t€ |
| Short-term sales receivables | 29 t€ | 47 t€ |
| Depreciations according to plan | 772 € | 1 029 € |
| Reserve for invested non-restricted equity | 56 t€ | 56 t€ |
| Other current liabilities | 46 t€ | 85 t€ |
| Inventory increase (+) or decrease (-) | 227 € | 1 574 € |
| Short-term accounts payable | 231 t€ | 4 150 € |
| Retained earnings | -198 t€ | -150 t€ |
| Machinery and equipment | 2 316 € | 3 087 € |
| Wages and salaries | 225 t€ | 419 t€ |
| Other interest and financial income from non-group companies | 42 € | 195 € |
| Short-term liabilities to credit institutions | 0 € | 28 t€ |
| Pension expenses | 53 t€ | 73 t€ |
| Services purchased | 29 t€ | 13 t€ |
| Liabilities | 34 t€ | 53 t€ |
| Short-term prepayments and accrued income | 1 444 € | 1 961 € |
| Finished products | 113 € | 340 € |
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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