HAADEX OY is a limited company based in Kuopio, registered in 2017. In the financial year ending 31.12.2024, revenue was 15 t€ and operating profit 6 166 €; equity ratio 99.9 %. Its taxable income in 2024 was 2 481 € and its income taxes 496 €.
Revenue 202415 t€-100 % on the previous year
Operating profit6 166 €41,9 % of revenue
Net profit-5 540 €EBITDA 6 166 €
Equity ratio99,9 %quick ratio 1319,27
Taxable income 20242 481 €
lower half of its industry
Income taxes 2024496 €105 t€ in 2020–2024
In business9 yrsregistered 1.11.2017
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|
| Revenue | 15 t€ | 3,3 M€ | 8,1 M€ | 9,3 M€ |
| Revenue change | -99,6 % | -58,6 % | -13,2 % | – |
| EBITDA | 6 166 € | 64 t€ | 147 t€ | 195 t€ |
| EBITDA % | 41,9 % | 1,9 % | 1,8 % | 2,1 % |
| Operating profit | 6 166 € | 54 t€ | 134 t€ | 180 t€ |
| Operating margin | 41,9 % | 1,6 % | 1,7 % | 1,9 % |
| Net profit | -5 540 € | 19 t€ | 89 t€ | 128 t€ |
| Personnel costs | – | – | 594 t€ | 575 t€ |
| Equity ratio | 99,9 % | 60,9 % | 31,0 % | 40,8 % |
| Quick ratio | 1319,27 | 2,51 | 1,42 | 1,36 |
| Current ratio | 1319,27 | 2,51 | 1,46 | 1,69 |
| Debt to revenue | 5,3 % | 19,7 % | 29,3 % | 15,5 % |
| Return on equity | -0,5 % | 1,9 % | 8,4 % | 12,8 % |
| Balance sheet total | 1,0 M€ | 1,7 M€ | 3,4 M€ | 2,4 M€ |
| Equity | 1,0 M€ | 1,0 M€ | 1,1 M€ | 996 t€ |
| Cash and bank | 8 466 € | 1 899 € | 41 t€ | 7 802 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|
| Turnover | 15 t€ | 3,3 M€ | 8,1 M€ | 9,3 M€ |
| Other operating income | 474 € | 85 t€ | – | – |
| Raw materials and services | 0 € | -3,3 M€ | -6,5 M€ | -7,6 M€ |
| Personnel expenses | – | – | -594 t€ | -575 t€ |
| Depreciations and reductions in value | 0 € | -9 439 € | -13 t€ | -16 t€ |
| Other operating expenses | -9 028 € | -109 t€ | -855 t€ | -968 t€ |
| Operating profit (loss) | 6 166 € | 54 t€ | 134 t€ | 180 t€ |
| Financial income and expenses + (-) | -12 t€ | -30 t€ | -24 t€ | -19 t€ |
| Profit (loss) before appropriations and taxes | -5 540 € | 24 t€ | 110 t€ | 161 t€ |
| Income taxes | 0 € | -4 804 € | -21 t€ | -33 t€ |
| Profit (loss) for the financial year | -5 540 € | 19 t€ | 89 t€ | 128 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|
| Non-current assets | 0 € | 28 t€ | 38 t€ | 47 t€ |
| Stocks | – | – | 111 t€ | 466 t€ |
| Receivables | 1,0 M€ | 1,7 M€ | 3,2 M€ | 1,9 M€ |
| Cash in hand and at banks | 8 466 € | 1 899 € | 41 t€ | 7 802 € |
| Current assets | 1,0 M€ | 1,7 M€ | 3,4 M€ | 2,4 M€ |
| Assets | 1,0 M€ | 1,7 M€ | 3,4 M€ | 2,4 M€ |
| Share capital or other similar capital | 20 t€ | 20 t€ | 20 t€ | 20 t€ |
| Capital and reserves | 1,0 M€ | 1,0 M€ | 1,1 M€ | 996 t€ |
| Long-term liabilities | – | – | 50 t€ | 27 t€ |
| Short-term liabilities | 774 € | 659 t€ | 2,3 M€ | 1,4 M€ |
| Liabilities | 774 € | 659 t€ | 2,4 M€ | 1,4 M€ |
All financial statement items (50)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|
| Turnover | 15 t€ | 3,3 M€ | 8,1 M€ | 9,3 M€ |
| Other operating income | 474 € | 85 t€ | – | – |
| Raw materials and services | 0 € | -3,3 M€ | -6,5 M€ | -7,6 M€ |
| Personnel expenses | – | – | -594 t€ | -575 t€ |
| Depreciations and reductions in value | 0 € | -9 439 € | -13 t€ | -16 t€ |
| Other operating expenses | -9 028 € | -109 t€ | -855 t€ | -968 t€ |
| Operating profit (loss) | 6 166 € | 54 t€ | 134 t€ | 180 t€ |
| Financial income and expenses + (-) | -12 t€ | -30 t€ | -24 t€ | -19 t€ |
| Profit (loss) before appropriations and taxes | -5 540 € | 24 t€ | 110 t€ | 161 t€ |
| Income taxes | 0 € | -4 804 € | -21 t€ | -33 t€ |
| Profit (loss) for the financial year | -5 540 € | 19 t€ | 89 t€ | 128 t€ |
| Non-current assets | 0 € | 28 t€ | 38 t€ | 47 t€ |
| Stocks | – | – | 111 t€ | 466 t€ |
| Receivables | 1,0 M€ | 1,7 M€ | 3,2 M€ | 1,9 M€ |
| Cash in hand and at banks | 8 466 € | 1 899 € | 41 t€ | 7 802 € |
| Current assets | 1,0 M€ | 1,7 M€ | 3,4 M€ | 2,4 M€ |
| Assets | 1,0 M€ | 1,7 M€ | 3,4 M€ | 2,4 M€ |
| Share capital or other similar capital | 20 t€ | 20 t€ | 20 t€ | 20 t€ |
| Capital and reserves | 1,0 M€ | 1,0 M€ | 1,1 M€ | 996 t€ |
| Long-term liabilities | – | – | 50 t€ | 27 t€ |
| Short-term liabilities | 774 € | 659 t€ | 2,3 M€ | 1,4 M€ |
| Liabilities | 774 € | 659 t€ | 2,4 M€ | 1,4 M€ |
| Depreciations according to plan | 0 € | -9 439 € | -13 t€ | -16 t€ |
| Short-term sales receivables | – | – | 537 t€ | 354 t€ |
| Pension expenses | – | – | -86 t€ | -84 t€ |
| Profit (loss) for the period, equity | -5 540 € | 19 t€ | 89 t€ | 128 t€ |
| Interest expenses and other financial expenses for non-Group companies | -12 t€ | -30 t€ | -24 t€ | -19 t€ |
| Short-term liabilities to credit institutions | 0 € | 0 € | – | – |
| Finished products | – | – | 0 € | 305 t€ |
| Short-term receivables | 1,0 M€ | 1,7 M€ | 3,2 M€ | 1,9 M€ |
| Liabilities | 1,0 M€ | 1,7 M€ | 3,4 M€ | 2,4 M€ |
| Inventory increase (+) or decrease (-) | – | – | -354 t€ | 0 € |
| Wages and salaries | – | – | -507 t€ | -467 t€ |
| Services purchased | 0 € | -18 t€ | -658 t€ | -625 t€ |
| Other long-term liabilities | – | – | 50 t€ | 27 t€ |
| Other social security expenses | – | – | -1 000 € | -23 t€ |
| Tangible assets | 0 € | 28 t€ | 38 t€ | 47 t€ |
| Short-term accounts payable | 85 € | 396 t€ | 1,5 M€ | 1,2 M€ |
| Short-term accrued expenses and deferred income | 0 € | 3 302 € | 94 t€ | 34 t€ |
| Other short-term receivables | 111 € | 0 € | 147 t€ | 197 t€ |
| Other interest and financial income from non-group companies | 336 € | 49 € | 65 € | 0 € |
| Other current liabilities | 0 € | 260 t€ | 6 512 € | 12 t€ |
| Materials and supplies | – | – | 111 t€ | 161 t€ |
| Purchases during the financial year | 0 € | -3,2 M€ | -5,5 M€ | -6,9 M€ |
| Short-term prepayments and accrued income | 0 € | 28 t€ | 12 t€ | 0 € |
| Machinery and equipment | 0 € | 28 t€ | 38 t€ | 47 t€ |
| Retained earnings | 1,0 M€ | 987 t€ | 954 t€ | 848 t€ |
| Short-term loan receivables | 25 t€ | 25 t€ | 0 € | 21 t€ |
| Current receivables from Group companies | 988 t€ | 1,6 M€ | 2,5 M€ | 1,4 M€ |
| Short-term liabilities to Group companies | 689 € | 0 € | 727 t€ | 220 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, HAADEX OY is in the lower half of the industry class sawmilling and planing of wood (165 companies with taxable income; median 29 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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