Norwegian Mink Ab is a limited company based in Uusikaarlepyy, registered in 2016. In the financial year ending 31.12.2025, revenue was 207 t€ and operating profit 34 t€; equity ratio -62.0 %.
Revenue 2025207 t€+169 % on the previous year
Operating profit34 t€16,4 % of revenue
Net profit33 t€EBITDA 34 t€
Equity ratio-62,0 %quick ratio 0,25
Taxable income 20240 €
profit as taxed
Income taxes 2024100 €200 € in 2020–2024
In business10 yrsregistered 8.4.2016
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 207 t€ | 77 t€ | 892 € | 2 356 € |
| Revenue change | 168,9 % | 8518,0 % | -62,1 % | – |
| EBITDA | 34 t€ | 33 t€ | -5 176 € | -35 t€ |
| EBITDA % | 16,4 % | 43,0 % | -579,9 % | -1480,3 % |
| Operating profit | 34 t€ | 33 t€ | -5 176 € | -35 t€ |
| Operating margin | 16,4 % | 43,0 % | -579,9 % | -1480,3 % |
| Net profit | 33 t€ | 33 t€ | -2 180 € | -37 t€ |
| Equity ratio | -62,0 % | -49,4 % | -82,5 % | -95,1 % |
| Quick ratio | 0,25 | 0,12 | 0,12 | 0,16 |
| Current ratio | 2,70 | 1,28 | 1,11 | 1,09 |
| Debt to revenue | 105,2 % | 459,3 % | 37005,3 % | 12812,6 % |
| Balance sheet total | 134 t€ | 236 t€ | 181 t€ | 155 t€ |
| Equity | -83 t€ | -117 t€ | -149 t€ | -147 t€ |
| Cash and bank | 544 € | 21 t€ | 16 t€ | 17 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 | 207 t€ | 77 t€ | 892 € | 2 356 € |
| Raw materials and services | 162 t€ | -30 t€ | 3 879 € | -20 t€ |
| Other operating expenses | 11 t€ | -14 t€ | -9 947 € | -12 t€ |
| Operating profit (loss) | 34 t€ | 33 t€ | -5 176 € | -35 t€ |
| Financial income and expenses + (-) | 336 € | -519 € | 2 996 € | -1 795 € |
| Profit (loss) before appropriations and taxes | 34 t€ | 33 t€ | -2 180 € | -37 t€ |
| Income taxes | 100 € | 0 € | – | – |
| Profit (loss) for the financial year | 33 t€ | 33 t€ | -2 180 € | -37 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Stocks | 122 t€ | 214 t€ | 161 t€ | 132 t€ |
| Receivables | 12 t€ | 2 040 € | 4 642 € | 4 988 € |
| Cash in hand and at banks | 544 € | 21 t€ | 16 t€ | 17 t€ |
| Current assets | 134 t€ | 236 t€ | 181 t€ | 155 t€ |
| Assets | 134 t€ | 236 t€ | 181 t€ | 155 t€ |
| Share capital or other similar capital | 5 000 € | 5 000 € | 5 000 € | 5 000 € |
| Capital and reserves | -83 t€ | -117 t€ | -149 t€ | -147 t€ |
| Long-term liabilities | 168 t€ | 168 t€ | 168 t€ | 160 t€ |
| Short-term liabilities | 50 t€ | 185 t€ | 162 t€ | 142 t€ |
| Liabilities | 218 t€ | 353 t€ | 330 t€ | 302 t€ |
All financial statement items (38)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 207 t€ | 77 t€ | 892 € | 2 356 € |
| Raw materials and services | 162 t€ | -30 t€ | 3 879 € | -20 t€ |
| Other operating expenses | 11 t€ | -14 t€ | -9 947 € | -12 t€ |
| Operating profit (loss) | 34 t€ | 33 t€ | -5 176 € | -35 t€ |
| Financial income and expenses + (-) | 336 € | -519 € | 2 996 € | -1 795 € |
| Profit (loss) before appropriations and taxes | 34 t€ | 33 t€ | -2 180 € | -37 t€ |
| Income taxes | 100 € | 0 € | – | – |
| Profit (loss) for the financial year | 33 t€ | 33 t€ | -2 180 € | -37 t€ |
| Stocks | 122 t€ | 214 t€ | 161 t€ | 132 t€ |
| Receivables | 12 t€ | 2 040 € | 4 642 € | 4 988 € |
| Cash in hand and at banks | 544 € | 21 t€ | 16 t€ | 17 t€ |
| Current assets | 134 t€ | 236 t€ | 181 t€ | 155 t€ |
| Assets | 134 t€ | 236 t€ | 181 t€ | 155 t€ |
| Share capital or other similar capital | 5 000 € | 5 000 € | 5 000 € | 5 000 € |
| Capital and reserves | -83 t€ | -117 t€ | -149 t€ | -147 t€ |
| Long-term liabilities | 168 t€ | 168 t€ | 168 t€ | 160 t€ |
| Short-term liabilities | 50 t€ | 185 t€ | 162 t€ | 142 t€ |
| Liabilities | 218 t€ | 353 t€ | 330 t€ | 302 t€ |
| Long-term subordinated loans | 168 t€ | 168 t€ | 168 t€ | 148 t€ |
| Long-term liabilities to credit institutions | – | – | 0 € | 12 t€ |
| Other current liabilities | 40 t€ | 180 t€ | 145 t€ | 100 t€ |
| Inventory increase (+) or decrease (-) | 92 t€ | 53 t€ | 29 t€ | 1 467 € |
| Liabilities | 134 t€ | 236 t€ | 181 t€ | 155 t€ |
| Other short-term receivables | 8 717 € | 2 040 € | 2 036 € | 3 488 € |
| Change in stocks of products + (-) | – | – | 0 € | -5 902 € |
| Materials and supplies | 56 t€ | 121 t€ | 103 t€ | 75 t€ |
| Profit (loss) for the period, equity | 33 t€ | 33 t€ | -2 180 € | -37 t€ |
| Services purchased | – | – | 0 € | -1 300 € |
| Retained earnings | -122 t€ | -154 t€ | -152 t€ | -115 t€ |
| Purchases during the financial year | 70 t€ | -83 t€ | -25 t€ | -20 t€ |
| Finished products | 66 t€ | 93 t€ | 57 t€ | 57 t€ |
| Other interest and financial income from non-group companies | 13 € | 8 € | 0 € | -37 € |
| Short-term accrued expenses and deferred income | – | 0 € | 55 € | 126 € |
| Short-term sales receivables | 3 298 € | 0 € | – | – |
| Short-term receivables | 12 t€ | 2 040 € | 4 642 € | 4 988 € |
| Short-term loan receivables | – | 0 € | 2 607 € | 1 500 € |
| Interest expenses and other financial expenses for non-Group companies | 349 € | -526 € | 2 995 € | -1 759 € |
| Short-term accounts payable | 9 404 € | 5 276 € | 17 t€ | 41 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.
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