JsL Forest Oy is a limited company based in Siilinjärvi, registered in 2017. In the financial year ending 31.12.2025, revenue was 975 t€ and operating profit 57 t€; equity ratio 23.0 %. Its taxable income in 2024 was 11 t€ and its income taxes 2 143 €.
Revenue 2025975 t€+14 % on the previous year
Operating profit57 t€5,9 % of revenue
Net profit27 t€EBITDA -111 t€
Equity ratio23,0 %quick ratio 0,34
Taxable income 202411 t€
lower half of its industry
Income taxes 20242 143 €39 t€ in 2020–2024
In business9 yrsregistered 6.2.2017
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 975 t€ | 852 t€ | 682 t€ | 760 t€ | 622 t€ |
| Revenue change | 14,4 % | 24,9 % | -10,3 % | 22,1 % | – |
| EBITDA | -111 t€ | 188 t€ | 182 t€ | 205 t€ | 182 t€ |
| EBITDA % | -11,4 % | 22,1 % | 26,7 % | 26,9 % | 29,2 % |
| Operating profit | 57 t€ | 36 t€ | 42 t€ | 70 t€ | 59 t€ |
| Operating margin | 5,9 % | 4,2 % | 6,1 % | 9,3 % | 9,5 % |
| Net profit | 27 t€ | 8 519 € | 22 t€ | 50 t€ | 42 t€ |
| Personnel costs | -335 t€ | 269 t€ | 211 t€ | 184 t€ | 179 t€ |
| Equity ratio | 23,0 % | 24,2 % | 22,9 % | 24,2 % | 21,5 % |
| Quick ratio | 0,34 | 0,46 | 1,00 | 0,80 | 0,82 |
| Current ratio | 0,42 | 0,46 | 1,00 | 0,80 | 0,82 |
| Debt to revenue | 61,7 % | 63,2 % | 87,6 % | 69,8 % | 75,8 % |
| Return on equity | 15,3 % | 4,9 % | 12,6 % | 29,5 % | 32,3 % |
| Balance sheet total | 780 t€ | 710 t€ | 775 t€ | 699 t€ | 601 t€ |
| Equity | 179 t€ | 172 t€ | 178 t€ | 169 t€ | 130 t€ |
| Cash and bank | 66 t€ | 18 t€ | 99 t€ | 123 t€ | 108 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 | 975 t€ | 852 t€ | 682 t€ | 760 t€ | 622 t€ |
| Other operating income | 4 628 € | 3 882 € | 0 € | 1 801 € | 0 € |
| Raw materials and services | 313 t€ | -299 t€ | -218 t€ | -303 t€ | -211 t€ |
| Personnel expenses | 335 t€ | -269 t€ | -211 t€ | -184 t€ | -179 t€ |
| Depreciations and reductions in value | 169 t€ | -153 t€ | -140 t€ | -134 t€ | -122 t€ |
| Other operating expenses | 105 t€ | -98 t€ | -71 t€ | -69 t€ | -51 t€ |
| Operating profit (loss) | 57 t€ | 36 t€ | 42 t€ | 70 t€ | 59 t€ |
| Financial income and expenses + (-) | 25 t€ | -25 t€ | -14 t€ | -7 961 € | -6 886 € |
| Profit (loss) before appropriations and taxes | 33 t€ | 11 t€ | 28 t€ | 62 t€ | 52 t€ |
| Income taxes | 5 285 € | -2 198 € | -5 665 € | -13 t€ | -10 t€ |
| Profit (loss) for the financial year | 27 t€ | 8 519 € | 22 t€ | 50 t€ | 42 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 663 t€ | 608 t€ | 562 t€ | 541 t€ | 455 t€ |
| Stocks | 22 t€ | 0 € | – | – | – |
| Receivables | 30 t€ | 84 t€ | 114 t€ | 35 t€ | 38 t€ |
| Cash in hand and at banks | 66 t€ | 18 t€ | 99 t€ | 123 t€ | 108 t€ |
| Current assets | 118 t€ | 102 t€ | 213 t€ | 158 t€ | 146 t€ |
| Assets | 780 t€ | 710 t€ | 775 t€ | 699 t€ | 601 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 179 t€ | 172 t€ | 178 t€ | 169 t€ | 130 t€ |
| Long-term liabilities | 322 t€ | 314 t€ | 385 t€ | 334 t€ | 295 t€ |
| Short-term liabilities | 280 t€ | 224 t€ | 213 t€ | 197 t€ | 177 t€ |
| Liabilities | 601 t€ | 538 t€ | 597 t€ | 530 t€ | 472 t€ |
All financial statement items (49)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 975 t€ | 852 t€ | 682 t€ | 760 t€ | 622 t€ |
| Other operating income | 4 628 € | 3 882 € | 0 € | 1 801 € | 0 € |
| Raw materials and services | 313 t€ | -299 t€ | -218 t€ | -303 t€ | -211 t€ |
| Personnel expenses | 335 t€ | -269 t€ | -211 t€ | -184 t€ | -179 t€ |
| Depreciations and reductions in value | 169 t€ | -153 t€ | -140 t€ | -134 t€ | -122 t€ |
| Other operating expenses | 105 t€ | -98 t€ | -71 t€ | -69 t€ | -51 t€ |
| Operating profit (loss) | 57 t€ | 36 t€ | 42 t€ | 70 t€ | 59 t€ |
| Financial income and expenses + (-) | 25 t€ | -25 t€ | -14 t€ | -7 961 € | -6 886 € |
| Profit (loss) before appropriations and taxes | 33 t€ | 11 t€ | 28 t€ | 62 t€ | 52 t€ |
| Income taxes | 5 285 € | -2 198 € | -5 665 € | -13 t€ | -10 t€ |
| Profit (loss) for the financial year | 27 t€ | 8 519 € | 22 t€ | 50 t€ | 42 t€ |
| Non-current assets | 663 t€ | 608 t€ | 562 t€ | 541 t€ | 455 t€ |
| Stocks | 22 t€ | 0 € | – | – | – |
| Receivables | 30 t€ | 84 t€ | 114 t€ | 35 t€ | 38 t€ |
| Cash in hand and at banks | 66 t€ | 18 t€ | 99 t€ | 123 t€ | 108 t€ |
| Current assets | 118 t€ | 102 t€ | 213 t€ | 158 t€ | 146 t€ |
| Assets | 780 t€ | 710 t€ | 775 t€ | 699 t€ | 601 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 179 t€ | 172 t€ | 178 t€ | 169 t€ | 130 t€ |
| Long-term liabilities | 322 t€ | 314 t€ | 385 t€ | 334 t€ | 295 t€ |
| Short-term liabilities | 280 t€ | 224 t€ | 213 t€ | 197 t€ | 177 t€ |
| Liabilities | 601 t€ | 538 t€ | 597 t€ | 530 t€ | 472 t€ |
| Other current liabilities | 20 t€ | 17 t€ | 31 t€ | 16 t€ | 16 t€ |
| Liabilities | 780 t€ | 710 t€ | 775 t€ | 699 t€ | 601 t€ |
| Long-term liabilities to credit institutions | 322 t€ | 314 t€ | 385 t€ | 334 t€ | 295 t€ |
| Short-term receivables | 30 t€ | 84 t€ | 114 t€ | 35 t€ | 38 t€ |
| Other short-term receivables | 1 976 € | 3 388 € | 1 976 € | 1 976 € | 10 t€ |
| Other long-term liabilities | – | – | – | 0 € | 45 € |
| Other interest and financial income from non-group companies | 186 € | 28 € | 38 € | 7 € | 10 € |
| Finished products | 22 t€ | 0 € | – | – | – |
| Machinery and equipment | 661 t€ | 608 t€ | 562 t€ | 541 t€ | 455 t€ |
| Retained earnings | 149 t€ | 161 t€ | 153 t€ | 117 t€ | 85 t€ |
| Short-term accounts payable | 26 t€ | 25 t€ | 20 t€ | 19 t€ | 27 t€ |
| Wages and salaries | 271 t€ | -219 t€ | -171 t€ | -148 t€ | -148 t€ |
| Intangible assets | 2 400 € | 0 € | – | – | – |
| Short-term sales receivables | 4 542 € | 58 t€ | 102 t€ | 27 t€ | 28 t€ |
| Profit (loss) for the period, equity | 27 t€ | 8 519 € | 22 t€ | 50 t€ | 42 t€ |
| Interest expenses and other financial expenses for non-Group companies | 25 t€ | -25 t€ | -14 t€ | -7 968 € | -6 896 € |
| Pension expenses | 49 t€ | -41 t€ | -33 t€ | -27 t€ | -23 t€ |
| Short-term prepayments and accrued income | 23 t€ | 22 t€ | 10 t€ | 6 469 € | 0 € |
| Other social security expenses | 15 t€ | -9 446 € | -7 715 € | -8 939 € | -7 828 € |
| Intangible rights | 2 400 € | 0 € | – | – | – |
| Services purchased | 103 t€ | -88 t€ | -51 t€ | -121 t€ | -94 t€ |
| Tangible assets | 661 t€ | 608 t€ | 562 t€ | 541 t€ | 455 t€ |
| Purchases during the financial year | 232 t€ | -211 t€ | -166 t€ | -182 t€ | -117 t€ |
| Short-term liabilities to credit institutions | 197 t€ | 155 t€ | 129 t€ | 135 t€ | 103 t€ |
| Depreciations according to plan | 169 t€ | -153 t€ | -140 t€ | -134 t€ | -122 t€ |
| Short-term accrued expenses and deferred income | 36 t€ | 27 t€ | 32 t€ | 27 t€ | 31 t€ |
| Inventory increase (+) or decrease (-) | -22 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, JsL Forest Oy is in the lower half of the industry class logging (777 companies with taxable income; median 49 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.
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