Quay Europe Oy is a limited company based in Vantaa, registered in 2017. In the financial year ending 31.10.2025, revenue was 3 760 € and operating profit -6 980 €; equity ratio -17.7 %.
Revenue 20253 760 €-76 % on the previous year
Operating profit-6 980 €-185,6 % of revenue
Net profit-6 975 €EBITDA -7 587 €
Equity ratio-17,7 %quick ratio 0,67
Taxable income 20240 €
profit as taxed
Income taxes 20240 €24 € in 2020–2024
In business8 yrsregistered 1.12.2017
Financials
RevenueOperating profitNet profit
| Key figures | 31.10.2025 | 31.10.2024 | 31.10.2023 |
|---|---|---|---|
| Revenue | 3 760 € | 16 t€ | 389 € |
| Revenue change | -76,5 % | 4011,9 % | – |
| EBITDA | -7 587 € | 7 311 € | -18 t€ |
| EBITDA % | -201,8 % | 45,7 % | -4574,7 % |
| Operating profit | -6 980 € | 7 311 € | -18 t€ |
| Operating margin | -185,6 % | 45,7 % | -4574,7 % |
| Net profit | -6 975 € | 6 928 € | -18 t€ |
| Personnel costs | -5 160 € | 2 039 € | 7 470 € |
| Equity ratio | -17,7 % | 67,5 % | -9,1 % |
| Quick ratio | 0,67 | 4,70 | 1,01 |
| Current ratio | 0,67 | 4,70 | 1,01 |
| Debt to revenue | 170,2 % | 18,1 % | 2831,6 % |
| Return on equity | – | 115,2 % | – |
| Balance sheet total | 5 439 € | 8 910 € | 10 t€ |
| Equity | -963 € | 6 013 € | -916 € |
| Cash and bank | 0 € | 4 679 € | 9 013 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.10.2025 | 31.10.2024 | 31.10.2023 | |
|---|---|---|---|
| Turnover | 3 760 € | 16 t€ | 389 € |
| Raw materials and services | 314 € | -1 788 € | 0 € |
| Personnel expenses | 5 160 € | -2 039 € | -7 470 € |
| Depreciations and reductions in value | 607 € | 0 € | – |
| Other operating expenses | 4 659 € | -4 862 € | -11 t€ |
| Operating profit (loss) | -6 980 € | 7 311 € | -18 t€ |
| Financial income and expenses + (-) | -4 € | 1 084 € | 6 € |
| Profit (loss) before appropriations and taxes | -6 975 € | 8 395 € | -18 t€ |
| Income taxes | 0 € | -1 466 € | 0 € |
| Profit (loss) for the financial year | -6 975 € | 6 928 € | -18 t€ |
Balance sheet
| 31.10.2025 | 31.10.2024 | 31.10.2023 | |
|---|---|---|---|
| Non-current assets | 1 822 € | 0 € | – |
| Receivables | 3 617 € | 4 231 € | 1 089 € |
| Cash in hand and at banks | 0 € | 4 679 € | 9 013 € |
| Current assets | 3 617 € | 8 910 € | 10 t€ |
| Assets | 5 439 € | 8 910 € | 10 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -963 € | 6 013 € | -916 € |
| Long-term liabilities | 1 000 € | 1 000 € | 1 000 € |
| Short-term liabilities | 5 401 € | 1 898 € | 10 t€ |
| Liabilities | 6 401 € | 2 898 € | 11 t€ |
All financial statement items (38)
| 31.10.2025 | 31.10.2024 | 31.10.2023 | |
|---|---|---|---|
| Turnover | 3 760 € | 16 t€ | 389 € |
| Raw materials and services | 314 € | -1 788 € | 0 € |
| Personnel expenses | 5 160 € | -2 039 € | -7 470 € |
| Depreciations and reductions in value | 607 € | 0 € | – |
| Other operating expenses | 4 659 € | -4 862 € | -11 t€ |
| Operating profit (loss) | -6 980 € | 7 311 € | -18 t€ |
| Financial income and expenses + (-) | -4 € | 1 084 € | 6 € |
| Profit (loss) before appropriations and taxes | -6 975 € | 8 395 € | -18 t€ |
| Income taxes | 0 € | -1 466 € | 0 € |
| Profit (loss) for the financial year | -6 975 € | 6 928 € | -18 t€ |
| Non-current assets | 1 822 € | 0 € | – |
| Receivables | 3 617 € | 4 231 € | 1 089 € |
| Cash in hand and at banks | 0 € | 4 679 € | 9 013 € |
| Current assets | 3 617 € | 8 910 € | 10 t€ |
| Assets | 5 439 € | 8 910 € | 10 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -963 € | 6 013 € | -916 € |
| Long-term liabilities | 1 000 € | 1 000 € | 1 000 € |
| Short-term liabilities | 5 401 € | 1 898 € | 10 t€ |
| Liabilities | 6 401 € | 2 898 € | 11 t€ |
| Depreciations according to plan | 607 € | 0 € | – |
| Pension expenses | 1 601 € | -1 987 € | -2 510 € |
| Profit (loss) for the period, equity | -6 975 € | 6 928 € | -18 t€ |
| Interest expenses and other financial expenses for non-Group companies | 1 € | 0 € | – |
| Short-term receivables | 3 617 € | 4 231 € | 1 089 € |
| Liabilities | 5 439 € | 8 910 € | 10 t€ |
| Wages and salaries | 3 518 € | -50 € | -4 882 € |
| Long-term subordinated loans | 1 000 € | 1 000 € | 1 000 € |
| Other social security expenses | 41 € | -1 € | -78 € |
| Tangible assets | 1 822 € | 0 € | – |
| Short-term accrued expenses and deferred income | 4 966 € | 1 466 € | 788 € |
| Other short-term receivables | 2 117 € | 2 317 € | 924 € |
| Other interest and financial income from non-group companies | 6 € | 1 084 € | 6 € |
| Other current liabilities | 435 € | 431 € | 9 230 € |
| Purchases during the financial year | 314 € | -1 788 € | 0 € |
| Short-term prepayments and accrued income | 1 500 € | 1 914 € | 165 € |
| Machinery and equipment | 1 822 € | 0 € | – |
| Retained earnings | 3 513 € | -3 416 € | 14 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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