Sons of solar oy is a limited company based in Turku, registered in 2018. The company has been in bankruptcy since 12.12.2025. In the financial year ending 31.12.2024, revenue was 1,3 M€ and operating profit -280 t€; equity ratio -51.8 %. Latest Trade Register entry: bankruptcy, 15.12.2025.
Revenue 20241,3 M€-62 % on the previous year
Operating profit-280 t€-20,9 % of revenue
Net profit-307 t€EBITDA -267 t€
Equity ratio-51,8 %quick ratio 0,50
Taxable income 20240 €
-100 % on the previous year
Income taxes 20240 €53 t€ in 2020–2024
In business8 yrsregistered 8.2.2018
Trade Register1entries, latest: bankruptcy
StatusIn bankruptcysince 12.12.2025
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Revenue | 1,3 M€ | 3,5 M€ | 1,8 M€ |
| Revenue change | -61,9 % | 98,8 % | – |
| EBITDA | -267 t€ | 246 t€ | 99 t€ |
| EBITDA % | -19,9 % | 7,0 % | 5,6 % |
| Operating profit | -280 t€ | 231 t€ | 86 t€ |
| Operating margin | -20,9 % | 6,6 % | 4,9 % |
| Net profit | -307 t€ | 169 t€ | 69 t€ |
| Personnel costs | 512 t€ | 782 t€ | 477 t€ |
| Equity ratio | -51,8 % | 49,9 % | 12,1 % |
| Quick ratio | 0,50 | 2,00 | 1,02 |
| Current ratio | 0,62 | 2,47 | 1,26 |
| Debt to revenue | 23,6 % | 5,7 % | 12,7 % |
| Return on equity | – | 84,5 % | 224,1 % |
| Balance sheet total | 209 t€ | 399 t€ | 255 t€ |
| Equity | -108 t€ | 199 t€ | 31 t€ |
| Cash and bank | 18 t€ | 196 t€ | 61 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 1,3 M€ | 3,5 M€ | 1,8 M€ |
| Other operating income | 13 t€ | 16 t€ | 12 t€ |
| Raw materials and services | -816 t€ | -2,2 M€ | -1,0 M€ |
| Personnel expenses | -512 t€ | -782 t€ | -477 t€ |
| Depreciations and reductions in value | -13 t€ | -15 t€ | -12 t€ |
| Other operating expenses | -294 t€ | -288 t€ | -195 t€ |
| Operating profit (loss) | -280 t€ | 231 t€ | 86 t€ |
| Financial income and expenses + (-) | -27 t€ | -22 t€ | -7 100 € |
| Profit (loss) before appropriations and taxes | -307 t€ | 210 t€ | 79 t€ |
| Income taxes | 0 € | -41 t€ | -9 936 € |
| Profit (loss) for the financial year | -307 t€ | 169 t€ | 69 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Non-current assets | 40 t€ | 45 t€ | 37 t€ |
| Stocks | 31 t€ | 67 t€ | 41 t€ |
| Receivables | 120 t€ | 92 t€ | 116 t€ |
| Cash in hand and at banks | 18 t€ | 196 t€ | 61 t€ |
| Current assets | 168 t€ | 354 t€ | 218 t€ |
| Assets | 209 t€ | 399 t€ | 255 t€ |
| Share capital or other similar capital | 6 500 € | 6 500 € | 6 500 € |
| Capital and reserves | -108 t€ | 199 t€ | 31 t€ |
| Long-term liabilities | 43 t€ | 56 t€ | 51 t€ |
| Short-term liabilities | 273 t€ | 144 t€ | 174 t€ |
| Liabilities | 317 t€ | 200 t€ | 224 t€ |
All financial statement items (50)
| 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|
| Turnover | 1,3 M€ | 3,5 M€ | 1,8 M€ |
| Other operating income | 13 t€ | 16 t€ | 12 t€ |
| Raw materials and services | -816 t€ | -2,2 M€ | -1,0 M€ |
| Personnel expenses | -512 t€ | -782 t€ | -477 t€ |
| Depreciations and reductions in value | -13 t€ | -15 t€ | -12 t€ |
| Other operating expenses | -294 t€ | -288 t€ | -195 t€ |
| Operating profit (loss) | -280 t€ | 231 t€ | 86 t€ |
| Financial income and expenses + (-) | -27 t€ | -22 t€ | -7 100 € |
| Profit (loss) before appropriations and taxes | -307 t€ | 210 t€ | 79 t€ |
| Income taxes | 0 € | -41 t€ | -9 936 € |
| Profit (loss) for the financial year | -307 t€ | 169 t€ | 69 t€ |
| Non-current assets | 40 t€ | 45 t€ | 37 t€ |
| Stocks | 31 t€ | 67 t€ | 41 t€ |
| Receivables | 120 t€ | 92 t€ | 116 t€ |
| Cash in hand and at banks | 18 t€ | 196 t€ | 61 t€ |
| Current assets | 168 t€ | 354 t€ | 218 t€ |
| Assets | 209 t€ | 399 t€ | 255 t€ |
| Share capital or other similar capital | 6 500 € | 6 500 € | 6 500 € |
| Capital and reserves | -108 t€ | 199 t€ | 31 t€ |
| Long-term liabilities | 43 t€ | 56 t€ | 51 t€ |
| Short-term liabilities | 273 t€ | 144 t€ | 174 t€ |
| Liabilities | 317 t€ | 200 t€ | 224 t€ |
| Other current liabilities | 122 t€ | 16 t€ | 70 t€ |
| Liabilities | 209 t€ | 399 t€ | 255 t€ |
| Long-term liabilities to credit institutions | 43 t€ | 56 t€ | 41 t€ |
| Short-term receivables | 120 t€ | 89 t€ | 116 t€ |
| Other short-term receivables | 95 t€ | 14 t€ | 0 € |
| Other long-term liabilities | – | 0 € | 10 t€ |
| Other interest and financial income from non-group companies | 85 € | 21 € | 26 € |
| Finished products | 31 t€ | 67 t€ | 41 t€ |
| Machinery and equipment | 40 t€ | 45 t€ | 37 t€ |
| Retained earnings | 193 t€ | 24 t€ | -45 t€ |
| Short-term accounts payable | 84 t€ | 14 t€ | 42 t€ |
| Wages and salaries | -425 t€ | -648 t€ | -395 t€ |
| Short-term sales receivables | 22 t€ | 63 t€ | 83 t€ |
| Profit (loss) for the period, equity | -307 t€ | 169 t€ | 69 t€ |
| Interest expenses and other financial expenses for non-Group companies | -27 t€ | -22 t€ | -7 127 € |
| Long-term receivables | 0 € | 2 282 € | 794 € |
| Short-term prepayments and accrued income | 3 236 € | 13 t€ | 33 t€ |
| Pension expenses | -72 t€ | -115 t€ | -71 t€ |
| Other social security expenses | -15 t€ | -19 t€ | -12 t€ |
| Services purchased | -220 t€ | -238 t€ | -103 t€ |
| Other long-term receivables | 0 € | 2 282 € | 794 € |
| Tangible assets | 40 t€ | 45 t€ | 37 t€ |
| Purchases during the financial year | -560 t€ | -2,0 M€ | -952 t€ |
| Short-term liabilities to credit institutions | 15 t€ | 7 638 € | 11 t€ |
| Short-term loan receivables | – | 0 € | 42 € |
| Short-term accrued expenses and deferred income | 53 t€ | 106 t€ | 51 t€ |
| Depreciations according to plan | -13 t€ | -15 t€ | -12 t€ |
| Inventory increase (+) or decrease (-) | -37 t€ | 26 t€ | 41 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.
Trade Register events
- Bankruptcy
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