Höglunds Pälsfarm Ab is a limited company based in Uusikaarlepyy, registered in 2017. In the financial year ending 31.12.2023, revenue was 149 t€ and operating profit 20 t€; equity ratio -29.2 %. Its taxable income in 2024 was 3 421 € and its income taxes 684 €.
Financials
| Key figures | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Revenue | 149 t€ | 203 t€ | 171 t€ |
| Revenue change | -26,8 % | 19,0 % | – |
| EBITDA | 28 t€ | 14 t€ | 57 t€ |
| EBITDA % | 18,8 % | 7,0 % | 33,5 % |
| Operating profit | 20 t€ | 5 206 € | 49 t€ |
| Operating margin | 13,4 % | 2,6 % | 28,4 % |
| Net profit | 5 219 € | -8 041 € | 36 t€ |
| Personnel costs | 33 t€ | 62 t€ | 54 t€ |
| Equity ratio | -29,2 % | -27,5 % | -20,4 % |
| Quick ratio | 0,50 | 0,72 | 0,17 |
| Current ratio | 1,91 | 6,58 | 2,70 |
| Debt to revenue | 164,6 % | 138,2 % | 181,5 % |
| Balance sheet total | 190 t€ | 220 t€ | 294 t€ |
| Equity | -55 t€ | -61 t€ | -53 t€ |
| Cash and bank | 3 754 € | 8 373 € | 1 290 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|
| Turnover | 149 t€ | 203 t€ | 171 t€ |
| Raw materials and services | -38 t€ | -25 t€ | -97 t€ |
| Personnel expenses | -33 t€ | -62 t€ | -54 t€ |
| Depreciations and reductions in value | -8 106 € | -8 944 € | -8 618 € |
| Other operating expenses | -18 t€ | -30 t€ | -40 t€ |
| Operating profit (loss) | 20 t€ | 5 206 € | 49 t€ |
| Financial income and expenses + (-) | -15 t€ | -13 t€ | -13 t€ |
| Profit (loss) before appropriations and taxes | 5 219 € | -8 041 € | 36 t€ |
| Profit (loss) for the financial year | 5 219 € | -8 041 € | 36 t€ |
Balance sheet
| 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|
| Non-current assets | 112 t€ | 121 t€ | 122 t€ |
| Stocks | 57 t€ | 89 t€ | 161 t€ |
| Receivables | 16 t€ | 2 590 € | 9 558 € |
| Cash in hand and at banks | 3 754 € | 8 373 € | 1 290 € |
| Current assets | 77 t€ | 100 t€ | 172 t€ |
| Assets | 190 t€ | 220 t€ | 294 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -55 t€ | -61 t€ | -53 t€ |
| Long-term liabilities | 205 t€ | 266 t€ | 283 t€ |
| Short-term liabilities | 40 t€ | 15 t€ | 63 t€ |
| Liabilities | 245 t€ | 281 t€ | 346 t€ |
All financial statement items (49)
| 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|
| Turnover | 149 t€ | 203 t€ | 171 t€ |
| Raw materials and services | -38 t€ | -25 t€ | -97 t€ |
| Personnel expenses | -33 t€ | -62 t€ | -54 t€ |
| Depreciations and reductions in value | -8 106 € | -8 944 € | -8 618 € |
| Other operating expenses | -18 t€ | -30 t€ | -40 t€ |
| Operating profit (loss) | 20 t€ | 5 206 € | 49 t€ |
| Financial income and expenses + (-) | -15 t€ | -13 t€ | -13 t€ |
| Profit (loss) before appropriations and taxes | 5 219 € | -8 041 € | 36 t€ |
| Profit (loss) for the financial year | 5 219 € | -8 041 € | 36 t€ |
| Non-current assets | 112 t€ | 121 t€ | 122 t€ |
| Stocks | 57 t€ | 89 t€ | 161 t€ |
| Receivables | 16 t€ | 2 590 € | 9 558 € |
| Cash in hand and at banks | 3 754 € | 8 373 € | 1 290 € |
| Current assets | 77 t€ | 100 t€ | 172 t€ |
| Assets | 190 t€ | 220 t€ | 294 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -55 t€ | -61 t€ | -53 t€ |
| Long-term liabilities | 205 t€ | 266 t€ | 283 t€ |
| Short-term liabilities | 40 t€ | 15 t€ | 63 t€ |
| Liabilities | 245 t€ | 281 t€ | 346 t€ |
| Pension expenses | -6 581 € | -9 766 € | -11 t€ |
| Depreciations according to plan | -8 106 € | -8 944 € | -8 618 € |
| Tangible assets | 112 t€ | 120 t€ | 122 t€ |
| Retained earnings | -63 t€ | -55 t€ | -91 t€ |
| Short-term receivables | 16 t€ | 2 590 € | 9 558 € |
| Change in stocks of products + (-) | -32 t€ | -72 t€ | 78 t€ |
| Other current liabilities | 1 489 € | 4 313 € | 16 t€ |
| Short-term sales receivables | 5 453 € | 1 635 € | 8 458 € |
| Short-term prepayments and accrued income | 8 630 € | 18 € | 0 € |
| Other interest and financial income from non-group companies | 2 € | 0 € | 0 € |
| Interest expenses and other financial expenses for non-Group companies | -15 t€ | -13 t€ | -13 t€ |
| Short-term accounts payable | 38 t€ | 9 391 € | 1 936 € |
| Land and water areas, Owned | 3 000 € | 3 000 € | 3 000 € |
| Materials and supplies | 57 t€ | 89 t€ | 161 t€ |
| Other tangible assets | 1 151 € | 1 279 € | 1 422 € |
| Short-term accrued expenses and deferred income | 1 037 € | 1 477 € | 9 302 € |
| Profit (loss) for the period, equity | 5 219 € | -8 041 € | 36 t€ |
| Investments | 168 € | 168 € | 168 € |
| Other social security expenses | -2 045 € | -2 432 € | -1 994 € |
| Purchases during the financial year | -34 t€ | -19 t€ | -97 t€ |
| Other short-term receivables | 2 192 € | 936 € | 1 100 € |
| Long-term liabilities to credit institutions | 205 t€ | 266 t€ | 283 t€ |
| Services purchased | -4 534 € | -6 644 € | -360 € |
| Buildings and structures, Owned | 90 t€ | 94 t€ | 99 t€ |
| Wages and salaries | -24 t€ | -49 t€ | -41 t€ |
| Liabilities | 190 t€ | 220 t€ | 294 t€ |
| Short-term advances received | – | 0 € | 36 t€ |
| Other shares and similar rights of ownership | 168 € | 168 € | 168 € |
| Machinery and equipment | 18 t€ | 22 t€ | 18 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, Höglunds Pälsfarm Ab is in the lower half of the industry class raising of animals for fur (88 companies with taxable income; median 12 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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