E. Latvala Oy is a limited company based in Kurikka, registered in 2016. In the financial year ending 30.9.2025, revenue was 424 t€ and operating profit 20 t€; equity ratio 5.3 %.
Revenue 2025424 t€-17 % on the previous year
Operating profit20 t€4,6 % of revenue
Net profit4 049 €EBITDA -11 t€
Equity ratio5,3 %quick ratio 0,25
Taxable income 20240 €
profit as taxed
Income taxes 20240 €17 t€ in 2020–2024
In business10 yrsregistered 1.10.2016
Financials
RevenueOperating profitNet profit
| Key figures | 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | 30.9.2021 |
|---|---|---|---|---|---|
| Revenue | 424 t€ | 509 t€ | 524 t€ | 850 t€ | 1,1 M€ |
| Revenue change | -16,8 % | -2,8 % | -38,3 % | -24,0 % | – |
| EBITDA | -11 t€ | 14 t€ | 21 t€ | 41 t€ | 87 t€ |
| EBITDA % | -2,6 % | 2,7 % | 4,0 % | 4,9 % | 7,8 % |
| Operating profit | 20 t€ | -17 t€ | -7 588 € | 16 t€ | 56 t€ |
| Operating margin | 4,6 % | -3,3 % | -1,4 % | 1,9 % | 5,0 % |
| Net profit | 4 049 € | -36 t€ | -23 t€ | 6 698 € | 33 t€ |
| Personnel costs | -70 t€ | 107 t€ | 121 t€ | 208 t€ | 216 t€ |
| Equity ratio | 5,3 % | 4,1 % | 11,0 % | 15,7 % | 15,9 % |
| Quick ratio | 0,25 | 0,40 | 0,23 | 0,30 | 0,41 |
| Current ratio | 1,82 | 2,09 | 2,90 | 2,95 | 1,66 |
| Debt to revenue | 89,9 % | 81,2 % | 82,2 % | 52,3 % | 38,8 % |
| Return on equity | 18,8 % | -205,2 % | -43,1 % | 8,1 % | 40,3 % |
| Balance sheet total | 403 t€ | 431 t€ | 484 t€ | 527 t€ | 534 t€ |
| Equity | 22 t€ | 17 t€ | 53 t€ | 82 t€ | 82 t€ |
| Cash and bank | 2 908 € | 12 t€ | 463 € | 59 € | 0 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | 30.9.2021 | |
|---|---|---|---|---|---|
| Turnover | 424 t€ | 509 t€ | 524 t€ | 850 t€ | 1,1 M€ |
| Other operating income | 17 t€ | 13 t€ | 11 t€ | 9 845 € | 9 203 € |
| Raw materials and services | 278 t€ | -345 t€ | -339 t€ | -557 t€ | -776 t€ |
| Personnel expenses | 70 t€ | -107 t€ | -121 t€ | -208 t€ | -216 t€ |
| Depreciations and reductions in value | 30 t€ | -31 t€ | -28 t€ | -25 t€ | -31 t€ |
| Other operating expenses | 44 t€ | -57 t€ | -54 t€ | -53 t€ | -48 t€ |
| Operating profit (loss) | 20 t€ | -17 t€ | -7 588 € | 16 t€ | 56 t€ |
| Financial income and expenses + (-) | 15 t€ | -19 t€ | -15 t€ | -7 672 € | -15 t€ |
| Profit (loss) before appropriations and taxes | 4 049 € | -36 t€ | -23 t€ | 8 376 € | 41 t€ |
| Income taxes | – | – | 0 € | -1 679 € | -8 252 € |
| Profit (loss) for the financial year | 4 049 € | -36 t€ | -23 t€ | 6 698 € | 33 t€ |
Balance sheet
| 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | 30.9.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 244 t€ | 246 t€ | 234 t€ | 231 t€ | 236 t€ |
| Stocks | 138 t€ | 150 t€ | 231 t€ | 266 t€ | 224 t€ |
| Receivables | 19 t€ | 24 t€ | 19 t€ | 30 t€ | 74 t€ |
| Cash in hand and at banks | 2 908 € | 12 t€ | 463 € | 59 € | 0 € |
| Current assets | 159 t€ | 185 t€ | 250 t€ | 296 t€ | 298 t€ |
| Assets | 403 t€ | 431 t€ | 484 t€ | 527 t€ | 534 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 22 t€ | 17 t€ | 53 t€ | 82 t€ | 82 t€ |
| Long-term liabilities | 294 t€ | 325 t€ | 344 t€ | 344 t€ | 273 t€ |
| Short-term liabilities | 87 t€ | 89 t€ | 86 t€ | 100 t€ | 179 t€ |
| Liabilities | 381 t€ | 414 t€ | 431 t€ | 444 t€ | 452 t€ |
All financial statement items (52)
| 30.9.2025 | 30.9.2024 | 30.9.2023 | 30.9.2022 | 30.9.2021 | |
|---|---|---|---|---|---|
| Turnover | 424 t€ | 509 t€ | 524 t€ | 850 t€ | 1,1 M€ |
| Other operating income | 17 t€ | 13 t€ | 11 t€ | 9 845 € | 9 203 € |
| Raw materials and services | 278 t€ | -345 t€ | -339 t€ | -557 t€ | -776 t€ |
| Personnel expenses | 70 t€ | -107 t€ | -121 t€ | -208 t€ | -216 t€ |
| Depreciations and reductions in value | 30 t€ | -31 t€ | -28 t€ | -25 t€ | -31 t€ |
| Other operating expenses | 44 t€ | -57 t€ | -54 t€ | -53 t€ | -48 t€ |
| Operating profit (loss) | 20 t€ | -17 t€ | -7 588 € | 16 t€ | 56 t€ |
| Financial income and expenses + (-) | 15 t€ | -19 t€ | -15 t€ | -7 672 € | -15 t€ |
| Profit (loss) before appropriations and taxes | 4 049 € | -36 t€ | -23 t€ | 8 376 € | 41 t€ |
| Income taxes | – | – | 0 € | -1 679 € | -8 252 € |
| Profit (loss) for the financial year | 4 049 € | -36 t€ | -23 t€ | 6 698 € | 33 t€ |
| Non-current assets | 244 t€ | 246 t€ | 234 t€ | 231 t€ | 236 t€ |
| Stocks | 138 t€ | 150 t€ | 231 t€ | 266 t€ | 224 t€ |
| Receivables | 19 t€ | 24 t€ | 19 t€ | 30 t€ | 74 t€ |
| Cash in hand and at banks | 2 908 € | 12 t€ | 463 € | 59 € | 0 € |
| Current assets | 159 t€ | 185 t€ | 250 t€ | 296 t€ | 298 t€ |
| Assets | 403 t€ | 431 t€ | 484 t€ | 527 t€ | 534 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 22 t€ | 17 t€ | 53 t€ | 82 t€ | 82 t€ |
| Long-term liabilities | 294 t€ | 325 t€ | 344 t€ | 344 t€ | 273 t€ |
| Short-term liabilities | 87 t€ | 89 t€ | 86 t€ | 100 t€ | 179 t€ |
| Liabilities | 381 t€ | 414 t€ | 431 t€ | 444 t€ | 452 t€ |
| Other current liabilities | 16 t€ | 32 t€ | 43 t€ | 57 t€ | 79 t€ |
| Short-term advances received | – | – | – | 0 € | 18 t€ |
| Other intangible assets | 0 € | 1 000 € | 2 000 € | 0 € | – |
| Liabilities | 403 t€ | 431 t€ | 484 t€ | 527 t€ | 534 t€ |
| Long-term liabilities to credit institutions | 204 t€ | 225 t€ | 234 t€ | 224 t€ | 143 t€ |
| Short-term receivables | 19 t€ | 24 t€ | 19 t€ | 30 t€ | 74 t€ |
| Land and water areas, Owned | 42 t€ | 42 t€ | 42 t€ | 42 t€ | 42 t€ |
| Other long-term liabilities | 90 t€ | 100 t€ | 110 t€ | 120 t€ | 130 t€ |
| Other interest and financial income from non-group companies | 393 € | 83 € | 129 € | 386 € | 737 € |
| Machinery and equipment | 76 t€ | 68 t€ | 48 t€ | 36 t€ | 48 t€ |
| Retained earnings | 15 t€ | 51 t€ | 74 t€ | 73 t€ | 46 t€ |
| Short-term accounts payable | 20 t€ | 6 990 € | 6 954 € | 18 t€ | 46 t€ |
| Wages and salaries | 53 t€ | -83 t€ | -98 t€ | -160 t€ | -177 t€ |
| Intangible assets | 6 500 € | 7 500 € | 8 500 € | 6 500 € | 6 500 € |
| Short-term sales receivables | 16 t€ | 20 t€ | 19 t€ | 23 t€ | 73 t€ |
| Profit (loss) for the period, equity | 4 049 € | -36 t€ | -23 t€ | 6 698 € | 33 t€ |
| Interest expenses and other financial expenses for non-Group companies | 16 t€ | -19 t€ | -16 t€ | -8 058 € | -16 t€ |
| Pension expenses | 12 t€ | -18 t€ | -18 t€ | -33 t€ | -27 t€ |
| Short-term prepayments and accrued income | 2 818 € | 3 763 € | 271 € | 6 349 € | 954 € |
| Buildings and structures, Owned | 119 t€ | 128 t€ | 135 t€ | 146 t€ | 139 t€ |
| Other social security expenses | 4 990 € | -5 542 € | -5 466 € | -15 t€ | -12 t€ |
| Services purchased | 11 t€ | -15 t€ | -12 t€ | -30 t€ | -41 t€ |
| Tangible assets | 237 t€ | 238 t€ | 225 t€ | 224 t€ | 229 t€ |
| Purchases during the financial year | 255 t€ | -249 t€ | -292 t€ | -569 t€ | -866 t€ |
| Materials and supplies | 138 t€ | 150 t€ | 231 t€ | 266 t€ | 224 t€ |
| Short-term liabilities to credit institutions | 34 t€ | 30 t€ | 22 t€ | 12 t€ | 5 900 € |
| Depreciations according to plan | 30 t€ | -31 t€ | -28 t€ | -25 t€ | -31 t€ |
| Short-term accrued expenses and deferred income | 17 t€ | 20 t€ | 14 t€ | 13 t€ | 30 t€ |
| Intangible rights | 6 500 € | 6 500 € | 6 500 € | 6 500 € | 6 500 € |
| Inventory increase (+) or decrease (-) | 12 t€ | -81 t€ | -36 t€ | 42 t€ | 131 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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