MH-Tek Oy is a limited company based in Lapua, registered in 2018. In the financial year ending 31.12.2025, revenue was 2,1 M€ and operating profit 155 t€; equity ratio 90.8 %. Its taxable income in 2024 was 109 t€ and its income taxes 22 t€.
Revenue 20252,1 M€+40 % on the previous year
Operating profit155 t€7,3 % of revenue
Net profit121 t€EBITDA 79 t€
Equity ratio90,8 %quick ratio 8,13
Taxable income 2024109 t€
top quarter of its industry
Income taxes 202422 t€144 t€ in 2020–2024
In business8 yrsregistered 4.1.2018
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 2,1 M€ | 1,5 M€ | 1,8 M€ | 1,7 M€ | 1,8 M€ |
| Revenue change | 40,3 % | -18,4 % | 10,5 % | -6,6 % | – |
| EBITDA | 79 t€ | 160 t€ | 297 t€ | 233 t€ | 164 t€ |
| EBITDA % | 3,7 % | 10,7 % | 16,1 % | 14,0 % | 9,2 % |
| Operating profit | 155 t€ | 109 t€ | 229 t€ | 164 t€ | 113 t€ |
| Operating margin | 7,3 % | 7,3 % | 12,5 % | 9,8 % | 6,4 % |
| Net profit | 121 t€ | 85 t€ | 179 t€ | 130 t€ | 87 t€ |
| Personnel costs | -287 t€ | 390 t€ | 470 t€ | 512 t€ | 443 t€ |
| Equity ratio | 90,8 % | 82,0 % | 78,8 % | 79,4 % | 87,5 % |
| Quick ratio | 8,13 | 4,57 | 3,66 | 3,59 | 5,08 |
| Current ratio | 8,13 | 4,57 | 3,66 | 3,59 | 5,08 |
| Debt to revenue | 3,6 % | 9,9 % | 9,2 % | 7,4 % | 3,0 % |
| Return on equity | 16,3 % | 12,7 % | 28,7 % | 27,3 % | 23,8 % |
| Balance sheet total | 818 t€ | 819 t€ | 793 t€ | 597 t€ | 420 t€ |
| Equity | 742 t€ | 671 t€ | 624 t€ | 475 t€ | 367 t€ |
| Cash and bank | 140 t€ | 86 t€ | 29 t€ | 221 t€ | 105 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 | 2,1 M€ | 1,5 M€ | 1,8 M€ | 1,7 M€ | 1,8 M€ |
| Other operating income | 1 160 € | 0 € | 840 € | 0 € | 26 t€ |
| Raw materials and services | 1,4 M€ | -786 t€ | -897 t€ | -756 t€ | -1,0 M€ |
| Personnel expenses | 287 t€ | -390 t€ | -470 t€ | -512 t€ | -443 t€ |
| Depreciations and reductions in value | 76 t€ | -51 t€ | -68 t€ | -70 t€ | -51 t€ |
| Other operating expenses | 202 t€ | -164 t€ | -175 t€ | -162 t€ | -178 t€ |
| Operating profit (loss) | 155 t€ | 109 t€ | 229 t€ | 164 t€ | 113 t€ |
| Financial income and expenses + (-) | 2 776 € | -1 661 € | -2 160 € | -817 € | -3 778 € |
| Profit (loss) before appropriations and taxes | 152 t€ | 107 t€ | 227 t€ | 163 t€ | 110 t€ |
| Income taxes | 31 t€ | -22 t€ | -48 t€ | -33 t€ | -22 t€ |
| Profit (loss) for the financial year | 121 t€ | 85 t€ | 179 t€ | 130 t€ | 87 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 206 t€ | 144 t€ | 177 t€ | 156 t€ | 152 t€ |
| Receivables | 472 t€ | 589 t€ | 586 t€ | 221 t€ | 162 t€ |
| Cash in hand and at banks | 140 t€ | 86 t€ | 29 t€ | 221 t€ | 105 t€ |
| Current assets | 612 t€ | 675 t€ | 616 t€ | 441 t€ | 267 t€ |
| Assets | 818 t€ | 819 t€ | 793 t€ | 597 t€ | 420 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 742 t€ | 671 t€ | 624 t€ | 475 t€ | 367 t€ |
| Short-term liabilities | 75 t€ | 148 t€ | 168 t€ | 123 t€ | 53 t€ |
| Liabilities | 75 t€ | 148 t€ | 168 t€ | 123 t€ | 53 t€ |
All financial statement items (43)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 2,1 M€ | 1,5 M€ | 1,8 M€ | 1,7 M€ | 1,8 M€ |
| Other operating income | 1 160 € | 0 € | 840 € | 0 € | 26 t€ |
| Raw materials and services | 1,4 M€ | -786 t€ | -897 t€ | -756 t€ | -1,0 M€ |
| Personnel expenses | 287 t€ | -390 t€ | -470 t€ | -512 t€ | -443 t€ |
| Depreciations and reductions in value | 76 t€ | -51 t€ | -68 t€ | -70 t€ | -51 t€ |
| Other operating expenses | 202 t€ | -164 t€ | -175 t€ | -162 t€ | -178 t€ |
| Operating profit (loss) | 155 t€ | 109 t€ | 229 t€ | 164 t€ | 113 t€ |
| Financial income and expenses + (-) | 2 776 € | -1 661 € | -2 160 € | -817 € | -3 778 € |
| Profit (loss) before appropriations and taxes | 152 t€ | 107 t€ | 227 t€ | 163 t€ | 110 t€ |
| Income taxes | 31 t€ | -22 t€ | -48 t€ | -33 t€ | -22 t€ |
| Profit (loss) for the financial year | 121 t€ | 85 t€ | 179 t€ | 130 t€ | 87 t€ |
| Non-current assets | 206 t€ | 144 t€ | 177 t€ | 156 t€ | 152 t€ |
| Receivables | 472 t€ | 589 t€ | 586 t€ | 221 t€ | 162 t€ |
| Cash in hand and at banks | 140 t€ | 86 t€ | 29 t€ | 221 t€ | 105 t€ |
| Current assets | 612 t€ | 675 t€ | 616 t€ | 441 t€ | 267 t€ |
| Assets | 818 t€ | 819 t€ | 793 t€ | 597 t€ | 420 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 742 t€ | 671 t€ | 624 t€ | 475 t€ | 367 t€ |
| Short-term liabilities | 75 t€ | 148 t€ | 168 t€ | 123 t€ | 53 t€ |
| Liabilities | 75 t€ | 148 t€ | 168 t€ | 123 t€ | 53 t€ |
| Purchases during the financial year | 877 t€ | -554 t€ | -832 t€ | -721 t€ | -911 t€ |
| Short-term receivables | 472 t€ | 589 t€ | 586 t€ | 221 t€ | 162 t€ |
| Other short-term receivables | 24 t€ | 2 329 € | 37 t€ | 424 € | 38 t€ |
| Profit (loss) for the period, equity | 121 t€ | 85 t€ | 179 t€ | 130 t€ | 87 t€ |
| Short-term loan receivables | – | – | 0 € | 2 478 € | 0 € |
| Tangible assets | 201 t€ | 139 t€ | 177 t€ | 156 t€ | 152 t€ |
| Short-term accrued expenses and deferred income | 49 t€ | 61 t€ | 111 t€ | 57 t€ | 21 t€ |
| Interest expenses and other financial expenses for non-Group companies | 3 079 € | -1 698 € | -2 646 € | -918 € | -3 812 € |
| Other social security expenses | 11 t€ | -13 t€ | -17 t€ | -17 t€ | -18 t€ |
| Other shares and similar rights of ownership | 4 806 € | 4 806 € | 0 € | – | – |
| Short-term sales receivables | 429 t€ | 569 t€ | 546 t€ | 211 t€ | 97 t€ |
| Depreciations according to plan | 76 t€ | -51 t€ | -68 t€ | -70 t€ | -51 t€ |
| Other current liabilities | 12 t€ | 72 t€ | 53 t€ | 63 t€ | 27 t€ |
| Short-term accounts payable | 15 t€ | 14 t€ | 4 296 € | 3 118 € | 5 208 € |
| Retained earnings | 619 t€ | 584 t€ | 443 t€ | 342 t€ | 277 t€ |
| Machinery and equipment | 201 t€ | 139 t€ | 177 t€ | 156 t€ | 152 t€ |
| Wages and salaries | 234 t€ | -336 t€ | -400 t€ | -434 t€ | -366 t€ |
| Other interest and financial income from non-group companies | 302 € | 37 € | 485 € | 100 € | 34 € |
| Investments | 4 806 € | 4 806 € | 0 € | – | – |
| Pension expenses | 42 t€ | -42 t€ | -53 t€ | -60 t€ | -59 t€ |
| Services purchased | 510 t€ | -233 t€ | -64 t€ | -35 t€ | -110 t€ |
| Liabilities | 818 t€ | 819 t€ | 793 t€ | 597 t€ | 420 t€ |
| Short-term prepayments and accrued income | 19 t€ | 18 t€ | 3 449 € | 6 221 € | 27 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, MH-Tek Oy is in the top quarter of the industry class construction of residential and non-residential buildings (5706 companies with taxable income; median 16 t€, 6,8 times the median).
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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