Run Kiinteistöt Oy is a limited company based in Pyhtää, registered in 2017. In the financial year ending 31.12.2025, revenue was 3,0 M€ and operating profit 1,5 M€; equity ratio 16.3 %. Its taxable income in 2024 was 1,5 M€ and its income taxes 295 t€.
Revenue 20253,0 M€+15 % on the previous year
Operating profit1,5 M€49,1 % of revenue
Net profit1,2 M€EBITDA 570 t€
Equity ratio16,3 %quick ratio 0,62
Taxable income 20241,5 M€
top 10 % of its industry
Income taxes 2024295 t€389 t€ in 2020–2024
In business9 yrsregistered 1.1.2017
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 3,0 M€ | 2,6 M€ | 2,4 M€ | 2,2 M€ | 1,9 M€ |
| Revenue change | 14,6 % | 10,9 % | 9,2 % | 14,5 % | – |
| EBITDA | 570 t€ | 2,3 M€ | 1,9 M€ | 1,8 M€ | 1,4 M€ |
| EBITDA % | 18,8 % | 86,2 % | 79,4 % | 80,9 % | 72,3 % |
| Operating profit | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,2 M€ | 765 t€ |
| Operating margin | 49,1 % | 54,6 % | 55,3 % | 54,5 % | 40,2 % |
| Net profit | 1,2 M€ | 1,2 M€ | 342 t€ | 7 748 € | 485 € |
| Equity ratio | 16,3 % | 11,6 % | 6,9 % | 4,4 % | 4,9 % |
| Quick ratio | 0,62 | 0,50 | 0,30 | 0,18 | 0,03 |
| Current ratio | 0,62 | 0,50 | 0,30 | 0,18 | 0,03 |
| Debt to revenue | 530,9 % | 561,3 % | 448,4 % | 451,7 % | 453,0 % |
| Return on equity | 37,4 % | 59,4 % | 43,2 % | 1,7 % | 0,1 % |
| Balance sheet total | 19,2 M€ | 16,8 M€ | 11,5 M€ | 10,3 M€ | 9,1 M€ |
| Equity | 3,1 M€ | 2,0 M€ | 794 t€ | 451 t€ | 443 t€ |
| Cash and bank | – | – | 0 € | 24 t€ | 25 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 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 3,0 M€ | 2,6 M€ | 2,4 M€ | 2,2 M€ | 1,9 M€ |
| Other operating income | 42 t€ | 292 t€ | 14 t€ | 770 € | 0 € |
| Raw materials and services | – | – | 0 € | -313 € | 0 € |
| Depreciations and reductions in value | 915 t€ | -833 t€ | -574 t€ | -576 t€ | -610 t€ |
| Other operating expenses | 668 t€ | -657 t€ | -504 t€ | -416 t€ | -528 t€ |
| Operating profit (loss) | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,2 M€ | 765 t€ |
| Financial income and expenses + (-) | 25 t€ | 12 t€ | 10 t€ | 1 711 € | -12 t€ |
| Profit (loss) before appropriations and taxes | 1,5 M€ | 1,5 M€ | 1,3 M€ | 1,2 M€ | 753 t€ |
| Income taxes | 294 t€ | -295 t€ | -84 t€ | -2 061 € | -2 621 € |
| Profit (loss) for the financial year | 1,2 M€ | 1,2 M€ | 342 t€ | 7 748 € | 485 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 12,5 M€ | 11,4 M€ | 8,2 M€ | 8,5 M€ | 8,8 M€ |
| Receivables | 6,7 M€ | 5,4 M€ | 3,2 M€ | 1,8 M€ | 250 t€ |
| Cash in hand and at banks | – | – | 0 € | 24 t€ | 25 t€ |
| Current assets | 6,7 M€ | 5,4 M€ | 3,2 M€ | 1,8 M€ | 275 t€ |
| Assets | 19,2 M€ | 16,8 M€ | 11,5 M€ | 10,3 M€ | 9,1 M€ |
| Share capital or other similar capital | 65 t€ | 65 t€ | 65 t€ | 65 t€ | 65 t€ |
| Capital and reserves | 3,1 M€ | 2,0 M€ | 794 t€ | 451 t€ | 443 t€ |
| Long-term liabilities | 5,3 M€ | 4,0 M€ | 0 € | – | – |
| Short-term liabilities | 10,7 M€ | 10,8 M€ | 10,7 M€ | 9,8 M€ | 8,6 M€ |
| Liabilities | 16,1 M€ | 14,8 M€ | 10,7 M€ | 9,8 M€ | 8,6 M€ |
All financial statement items (55)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 3,0 M€ | 2,6 M€ | 2,4 M€ | 2,2 M€ | 1,9 M€ |
| Other operating income | 42 t€ | 292 t€ | 14 t€ | 770 € | 0 € |
| Raw materials and services | – | – | 0 € | -313 € | 0 € |
| Depreciations and reductions in value | 915 t€ | -833 t€ | -574 t€ | -576 t€ | -610 t€ |
| Other operating expenses | 668 t€ | -657 t€ | -504 t€ | -416 t€ | -528 t€ |
| Operating profit (loss) | 1,5 M€ | 1,4 M€ | 1,3 M€ | 1,2 M€ | 765 t€ |
| Financial income and expenses + (-) | 25 t€ | 12 t€ | 10 t€ | 1 711 € | -12 t€ |
| Profit (loss) before appropriations and taxes | 1,5 M€ | 1,5 M€ | 1,3 M€ | 1,2 M€ | 753 t€ |
| Income taxes | 294 t€ | -295 t€ | -84 t€ | -2 061 € | -2 621 € |
| Profit (loss) for the financial year | 1,2 M€ | 1,2 M€ | 342 t€ | 7 748 € | 485 € |
| Non-current assets | 12,5 M€ | 11,4 M€ | 8,2 M€ | 8,5 M€ | 8,8 M€ |
| Receivables | 6,7 M€ | 5,4 M€ | 3,2 M€ | 1,8 M€ | 250 t€ |
| Cash in hand and at banks | – | – | 0 € | 24 t€ | 25 t€ |
| Current assets | 6,7 M€ | 5,4 M€ | 3,2 M€ | 1,8 M€ | 275 t€ |
| Assets | 19,2 M€ | 16,8 M€ | 11,5 M€ | 10,3 M€ | 9,1 M€ |
| Share capital or other similar capital | 65 t€ | 65 t€ | 65 t€ | 65 t€ | 65 t€ |
| Capital and reserves | 3,1 M€ | 2,0 M€ | 794 t€ | 451 t€ | 443 t€ |
| Long-term liabilities | 5,3 M€ | 4,0 M€ | 0 € | – | – |
| Short-term liabilities | 10,7 M€ | 10,8 M€ | 10,7 M€ | 9,8 M€ | 8,6 M€ |
| Liabilities | 16,1 M€ | 14,8 M€ | 10,7 M€ | 9,8 M€ | 8,6 M€ |
| Advance payments for intangible assets | – | 0 € | 41 t€ | 106 t€ | 0 € |
| Long-term liabilities to credit institutions | 1,3 M€ | 0 € | – | – | – |
| Other current liabilities | 118 t€ | 103 t€ | 75 t€ | 66 t€ | 70 t€ |
| Interest expenses and other financial expenses for Group companies | – | – | – | 0 € | -12 t€ |
| Other receivables (investments) | 100 t€ | 133 t€ | 167 t€ | 167 t€ | 0 € |
| Short-term liabilities to Group companies | 10,4 M€ | 10,4 M€ | 10,4 M€ | 9,7 M€ | 8,5 M€ |
| Intangible assets | 466 t€ | 521 t€ | 552 t€ | 294 t€ | 195 t€ |
| Tangible assets | 11,8 M€ | 10,7 M€ | 7,5 M€ | 8,0 M€ | 8,5 M€ |
| Intangible rights | 156 t€ | 156 t€ | 156 t€ | 156 t€ | 156 t€ |
| Depreciations according to plan | 915 t€ | -833 t€ | -574 t€ | -576 t€ | -610 t€ |
| Liabilities | 19,2 M€ | 16,8 M€ | 11,5 M€ | 10,3 M€ | 9,1 M€ |
| Other short-term receivables | – | – | 0 € | 22 t€ | 0 € |
| Current receivables from Group companies | 6,6 M€ | 5,2 M€ | 3,2 M€ | 1,7 M€ | 215 t€ |
| Investments | 169 t€ | 202 t€ | 236 t€ | 236 t€ | 69 t€ |
| Buildings and structures, Owned | 11,4 M€ | 10,4 M€ | 7,1 M€ | 7,6 M€ | 8,2 M€ |
| Other intangible assets | 310 t€ | 365 t€ | 355 t€ | 33 t€ | 39 t€ |
| Long-term liabilities to Group companies | 4,0 M€ | 4,0 M€ | 0 € | – | – |
| Group contribution | – | 0 € | -900 t€ | -1,2 M€ | -750 t€ |
| Reserve for invested non-restricted equity | 53 t€ | 53 t€ | 53 t€ | 53 t€ | 53 t€ |
| Land and water areas, Owned | 413 t€ | 313 t€ | 326 t€ | 326 t€ | 326 t€ |
| Profit (loss) for the period, equity | 1,2 M€ | 1,2 M€ | 342 t€ | 7 748 € | 485 € |
| Retained earnings | 1,8 M€ | 675 t€ | 333 t€ | 325 t€ | 324 t€ |
| Purchases during the financial year | – | – | 0 € | -313 € | 0 € |
| Short-term liabilities to credit institutions | 150 t€ | 0 € | – | – | – |
| Other tangible assets | 13 t€ | 15 t€ | 18 t€ | 20 t€ | 0 € |
| Short-term prepayments and accrued income | 34 t€ | 23 t€ | 12 t€ | 1 625 € | 26 t€ |
| Other interest and financial income from non-group companies | 10 t€ | 12 t€ | 10 t€ | 1 720 € | 0 € |
| Other shares and similar rights of ownership | 69 t€ | 69 t€ | 69 t€ | 69 t€ | 69 t€ |
| Short-term accrued expenses and deferred income | 6 944 € | 210 t€ | 90 t€ | 19 t€ | 22 t€ |
| Short-term sales receivables | 19 t€ | 27 t€ | 23 t€ | 42 t€ | 9 338 € |
| Short-term receivables | 6,7 M€ | 5,4 M€ | 3,2 M€ | 1,8 M€ | 250 t€ |
| Short-term loan receivables | 100 t€ | 67 t€ | 33 t€ | 33 t€ | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 36 t€ | -104 € | -37 € | -9 € | -124 € |
| Machinery and equipment | 3 571 € | 4 762 € | 8 341 € | 2 369 € | 3 159 € |
| Short-term accounts payable | 35 t€ | 29 t€ | 79 t€ | 84 t€ | 31 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
Measured by taxable income, Run Kiinteistöt Oy is in the top 10 % of the industry class rental and operating of own or leased non-residential real estate (6953 companies with taxable income; median 22 t€, 67 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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