P2 Engineering Oy is a limited company based in Ulvila, registered in 2016. In the financial year ending 30.11.2025, revenue was 659 t€ and operating profit 92 t€; equity ratio 83.0 %. Its taxable income in 2024 was 184 t€ and its income taxes 37 t€.
Revenue 2025659 t€+19 % on the previous year
Operating profit92 t€13,9 % of revenue
Net profit80 t€EBITDA 92 t€
Equity ratio83,0 %quick ratio 7,15
Taxable income 2024184 t€
upper half of its industry
Income taxes 202437 t€163 t€ in 2020–2024
In business10 yrsregistered 22.6.2016
Financials
RevenueOperating profitNet profit
| Key figures | 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | 30.11.2020 |
|---|---|---|---|---|---|---|
| Revenue | 659 t€ | 554 t€ | 744 t€ | 597 t€ | 469 t€ | 462 t€ |
| Revenue change | 19,0 % | -25,6 % | 24,7 % | 27,2 % | 1,6 % | – |
| EBITDA | 92 t€ | 161 t€ | 133 t€ | 160 t€ | 144 t€ | 163 t€ |
| EBITDA % | 13,9 % | 29,1 % | 17,8 % | 26,8 % | 30,8 % | 35,2 % |
| Operating profit | 92 t€ | 161 t€ | 132 t€ | 160 t€ | 144 t€ | 162 t€ |
| Operating margin | 13,9 % | 29,0 % | 17,8 % | 26,8 % | 30,7 % | 35,1 % |
| Net profit | 80 t€ | 146 t€ | 113 t€ | 127 t€ | 107 t€ | 135 t€ |
| Personnel costs | -99 t€ | 142 t€ | 143 t€ | 105 t€ | 95 t€ | 93 t€ |
| Equity ratio | 83,0 % | 93,5 % | 88,7 % | 91,2 % | 88,3 % | 83,7 % |
| Quick ratio | 7,15 | 11,17 | 6,60 | 8,12 | 5,47 | 3,23 |
| Current ratio | 9,29 | 15,46 | 8,85 | 11,36 | 8,51 | 6,11 |
| Debt to revenue | 16,5 % | 6,9 % | 8,6 % | 6,7 % | 8,9 % | 9,5 % |
| Return on equity | 15,1 % | 26,5 % | 22,4 % | 30,5 % | 34,1 % | 59,9 % |
| Balance sheet total | 641 t€ | 589 t€ | 569 t€ | 457 t€ | 357 t€ | 269 t€ |
| Equity | 532 t€ | 551 t€ | 505 t€ | 417 t€ | 315 t€ | 225 t€ |
| Cash and bank | 16 t€ | 35 t€ | 146 t€ | 265 t€ | 189 t€ | 120 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | 30.11.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 659 t€ | 554 t€ | 744 t€ | 597 t€ | 469 t€ | 462 t€ |
| Other operating income | – | – | – | – | 0 € | 22 t€ |
| Raw materials and services | 362 t€ | -180 t€ | -395 t€ | -279 t€ | -185 t€ | -191 t€ |
| Personnel expenses | 99 t€ | -142 t€ | -143 t€ | -105 t€ | -95 t€ | -93 t€ |
| Depreciations and reductions in value | 0 € | -754 € | -251 € | -335 € | -447 € | -410 € |
| Other operating expenses | 106 t€ | -70 t€ | -73 t€ | -53 t€ | -45 t€ | -38 t€ |
| Operating profit (loss) | 92 t€ | 161 t€ | 132 t€ | 160 t€ | 144 t€ | 162 t€ |
| Financial income and expenses + (-) | -13 t€ | 22 t€ | 9 549 € | -804 € | -416 € | -158 € |
| Profit (loss) before appropriations and taxes | 105 t€ | 183 t€ | 142 t€ | 159 t€ | 143 t€ | 162 t€ |
| Income taxes | 24 t€ | -37 t€ | -29 t€ | -32 t€ | -36 t€ | -27 t€ |
| Profit (loss) for the financial year | 80 t€ | 146 t€ | 113 t€ | 127 t€ | 107 t€ | 135 t€ |
Balance sheet
| 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | 30.11.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | – | 0 € | 754 € | 1 005 € | 1 340 € | 1 229 € |
| Stocks | 147 t€ | 163 t€ | 145 t€ | 130 t€ | 127 t€ | 126 t€ |
| Receivables | 131 t€ | 59 t€ | 68 t€ | 61 t€ | 40 t€ | 21 t€ |
| Cash in hand and at banks | 16 t€ | 35 t€ | 146 t€ | 265 t€ | 189 t€ | 120 t€ |
| Current assets | 641 t€ | 589 t€ | 569 t€ | 456 t€ | 355 t€ | 268 t€ |
| Assets | 641 t€ | 589 t€ | 569 t€ | 457 t€ | 357 t€ | 269 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 532 t€ | 551 t€ | 505 t€ | 417 t€ | 315 t€ | 225 t€ |
| Long-term liabilities | 40 t€ | 0 € | – | – | – | – |
| Short-term liabilities | 69 t€ | 38 t€ | 64 t€ | 40 t€ | 42 t€ | 44 t€ |
| Liabilities | 109 t€ | 38 t€ | 64 t€ | 40 t€ | 42 t€ | 44 t€ |
All financial statement items (49)
| 30.11.2025 | 30.11.2024 | 30.11.2023 | 30.11.2022 | 30.11.2021 | 30.11.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 659 t€ | 554 t€ | 744 t€ | 597 t€ | 469 t€ | 462 t€ |
| Other operating income | – | – | – | – | 0 € | 22 t€ |
| Raw materials and services | 362 t€ | -180 t€ | -395 t€ | -279 t€ | -185 t€ | -191 t€ |
| Personnel expenses | 99 t€ | -142 t€ | -143 t€ | -105 t€ | -95 t€ | -93 t€ |
| Depreciations and reductions in value | 0 € | -754 € | -251 € | -335 € | -447 € | -410 € |
| Other operating expenses | 106 t€ | -70 t€ | -73 t€ | -53 t€ | -45 t€ | -38 t€ |
| Operating profit (loss) | 92 t€ | 161 t€ | 132 t€ | 160 t€ | 144 t€ | 162 t€ |
| Financial income and expenses + (-) | -13 t€ | 22 t€ | 9 549 € | -804 € | -416 € | -158 € |
| Profit (loss) before appropriations and taxes | 105 t€ | 183 t€ | 142 t€ | 159 t€ | 143 t€ | 162 t€ |
| Income taxes | 24 t€ | -37 t€ | -29 t€ | -32 t€ | -36 t€ | -27 t€ |
| Profit (loss) for the financial year | 80 t€ | 146 t€ | 113 t€ | 127 t€ | 107 t€ | 135 t€ |
| Non-current assets | – | 0 € | 754 € | 1 005 € | 1 340 € | 1 229 € |
| Stocks | 147 t€ | 163 t€ | 145 t€ | 130 t€ | 127 t€ | 126 t€ |
| Receivables | 131 t€ | 59 t€ | 68 t€ | 61 t€ | 40 t€ | 21 t€ |
| Cash in hand and at banks | 16 t€ | 35 t€ | 146 t€ | 265 t€ | 189 t€ | 120 t€ |
| Current assets | 641 t€ | 589 t€ | 569 t€ | 456 t€ | 355 t€ | 268 t€ |
| Assets | 641 t€ | 589 t€ | 569 t€ | 457 t€ | 357 t€ | 269 t€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 532 t€ | 551 t€ | 505 t€ | 417 t€ | 315 t€ | 225 t€ |
| Long-term liabilities | 40 t€ | 0 € | – | – | – | – |
| Short-term liabilities | 69 t€ | 38 t€ | 64 t€ | 40 t€ | 42 t€ | 44 t€ |
| Liabilities | 109 t€ | 38 t€ | 64 t€ | 40 t€ | 42 t€ | 44 t€ |
| Purchases during the financial year | 288 t€ | -187 t€ | -408 t€ | -282 t€ | -185 t€ | -244 t€ |
| Short-term sales receivables | 118 t€ | 57 t€ | 67 t€ | 58 t€ | 40 t€ | 21 t€ |
| Finished products | 39 t€ | 51 t€ | 41 t€ | 32 t€ | 40 t€ | 24 t€ |
| Other interest and financial income from non-group companies | 14 t€ | 22 t€ | 9 601 € | 19 € | 0 € | 1 € |
| Retained earnings | 441 t€ | 395 t€ | 382 t€ | 280 t€ | 197 t€ | 80 t€ |
| Interest expenses and other financial expenses for non-Group companies | 690 € | -113 € | -52 € | -824 € | -416 € | -159 € |
| Other short-term receivables | 8 € | 0 € | – | – | – | – |
| Inventory increase (+) or decrease (-) | 16 t€ | 19 t€ | 15 t€ | 3 099 € | 216 € | 53 t€ |
| Liabilities | 641 t€ | 589 t€ | 569 t€ | 457 t€ | 357 t€ | 269 t€ |
| Other current liabilities | 18 t€ | 15 t€ | 5 535 € | 13 t€ | 21 t€ | 12 t€ |
| Other shares and holdings | 346 t€ | 332 t€ | 210 t€ | 0 € | – | – |
| Short-term accounts payable | 35 t€ | 11 t€ | 46 t€ | 26 t€ | 11 t€ | 11 t€ |
| Pension expenses | 12 t€ | -17 t€ | -16 t€ | -11 t€ | -9 444 € | -7 299 € |
| Tangible assets | – | 0 € | 754 € | 1 005 € | 1 340 € | 1 229 € |
| Other social security expenses | 3 650 € | -3 558 € | -3 657 € | -1 768 € | -1 510 € | -1 308 € |
| Services purchased | 57 t€ | -12 t€ | -2 000 € | 0 € | – | – |
| Shares and holdings | 346 t€ | 332 t€ | 210 t€ | 0 € | – | – |
| Work in progress | 14 t€ | 26 t€ | 9 272 € | 5 746 € | 3 349 € | 1 507 € |
| Materials and supplies | 94 t€ | 87 t€ | 95 t€ | 92 t€ | 84 t€ | 101 t€ |
| Depreciations according to plan | 0 € | -754 € | -251 € | -335 € | -447 € | -410 € |
| Machinery and equipment | – | 0 € | 754 € | 1 005 € | 1 340 € | 1 229 € |
| Short-term accrued expenses and deferred income | 16 t€ | 12 t€ | 13 t€ | 956 € | 11 t€ | 21 t€ |
| Wages and salaries | 84 t€ | -122 t€ | -123 t€ | -93 t€ | -84 t€ | -84 t€ |
| Short-term prepayments and accrued income | 13 t€ | 2 733 € | 1 215 € | 2 401 € | 155 € | 716 € |
| Short-term receivables | 131 t€ | 59 t€ | 68 t€ | 61 t€ | 40 t€ | 21 t€ |
| Profit (loss) for the period, equity | 80 t€ | 146 t€ | 113 t€ | 127 t€ | 107 t€ | 135 t€ |
| Other long-term liabilities | 40 t€ | 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, P2 Engineering Oy is in the upper half of the industry class manufacture of electricity distribution and control apparatus (39 companies with taxable income; median 184 t€).
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.
Follow companies in your area
New companies, bankruptcies and changes of CEO and property manager in the areas and industries you choose, by email. 14-day free trial, cancel any time.
Try for free