Palojoen Koneistus Oy is a limited company based in Nurmijärvi, registered in 2018. In the financial year ending 31.12.2025, revenue was 39 t€ and operating profit 216 €; equity ratio 15.4 %.
Revenue 202539 t€-15 % on the previous year
Operating profit216 €0,6 % of revenue
Net profit-327 €EBITDA -5 161 €
Equity ratio15,4 %quick ratio 0,36
In business8 yrsregistered 5.3.2018
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 39 t€ | 46 t€ | 54 t€ |
| Revenue change | -15,4 % | -14,8 % | – |
| EBITDA | -5 161 € | 10 t€ | 13 t€ |
| EBITDA % | -13,2 % | 22,1 % | 23,8 % |
| Operating profit | 216 € | 493 € | 1 279 € |
| Operating margin | 0,6 % | 1,1 % | 2,4 % |
| Net profit | -327 € | -309 € | 5 € |
| Personnel costs | -4 895 € | 3 767 € | 8 472 € |
| Equity ratio | 15,4 % | 13,7 % | 11,4 % |
| Quick ratio | 0,36 | 0,25 | 0,12 |
| Current ratio | 0,36 | 0,25 | 0,12 |
| Debt to revenue | 40,7 % | 44,0 % | 50,6 % |
| Return on equity | -11,3 % | -9,6 % | 0,1 % |
| Balance sheet total | 19 t€ | 24 t€ | 31 t€ |
| Equity | 2 891 € | 3 219 € | 3 528 € |
| Cash and bank | 2 728 € | 5 061 € | 2 789 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 39 t€ | 46 t€ | 54 t€ |
| Raw materials and services | 5 929 € | -10 t€ | -10 t€ |
| Personnel expenses | 4 895 € | -3 767 € | -8 472 € |
| Depreciations and reductions in value | 5 377 € | -9 696 € | -12 t€ |
| Other operating expenses | 23 t€ | -22 t€ | -23 t€ |
| Operating profit (loss) | 216 € | 493 € | 1 279 € |
| Financial income and expenses + (-) | 543 € | -802 € | -1 274 € |
| Profit (loss) before appropriations and taxes | -327 € | -309 € | 5 € |
| Profit (loss) for the financial year | -327 € | -309 € | 5 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 13 t€ | 19 t€ | 28 t€ |
| Receivables | 2 937 € | 0 € | – |
| Cash in hand and at banks | 2 728 € | 5 061 € | 2 789 € |
| Current assets | 5 666 € | 5 061 € | 2 789 € |
| Assets | 19 t€ | 24 t€ | 31 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 2 891 € | 3 219 € | 3 528 € |
| Long-term liabilities | 0 € | 292 € | 3 792 € |
| Short-term liabilities | 16 t€ | 20 t€ | 24 t€ |
| Liabilities | 16 t€ | 20 t€ | 27 t€ |
All financial statement items (39)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 39 t€ | 46 t€ | 54 t€ |
| Raw materials and services | 5 929 € | -10 t€ | -10 t€ |
| Personnel expenses | 4 895 € | -3 767 € | -8 472 € |
| Depreciations and reductions in value | 5 377 € | -9 696 € | -12 t€ |
| Other operating expenses | 23 t€ | -22 t€ | -23 t€ |
| Operating profit (loss) | 216 € | 493 € | 1 279 € |
| Financial income and expenses + (-) | 543 € | -802 € | -1 274 € |
| Profit (loss) before appropriations and taxes | -327 € | -309 € | 5 € |
| Profit (loss) for the financial year | -327 € | -309 € | 5 € |
| Non-current assets | 13 t€ | 19 t€ | 28 t€ |
| Receivables | 2 937 € | 0 € | – |
| Cash in hand and at banks | 2 728 € | 5 061 € | 2 789 € |
| Current assets | 5 666 € | 5 061 € | 2 789 € |
| Assets | 19 t€ | 24 t€ | 31 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 2 891 € | 3 219 € | 3 528 € |
| Long-term liabilities | 0 € | 292 € | 3 792 € |
| Short-term liabilities | 16 t€ | 20 t€ | 24 t€ |
| Liabilities | 16 t€ | 20 t€ | 27 t€ |
| Retained earnings | 719 € | 1 028 € | 1 023 € |
| Other current liabilities | 2 273 € | 7 567 € | 11 t€ |
| Profit (loss) for the period, equity | -327 € | -309 € | 5 € |
| Depreciations according to plan | 5 377 € | -9 696 € | -12 t€ |
| Short-term accounts payable | 1 339 € | 2 584 € | 1 887 € |
| Purchases during the financial year | 5 929 € | -10 t€ | -10 t€ |
| Wages and salaries | 0 € | -500 € | -6 350 € |
| Interest expenses and other financial expenses for non-Group companies | 543 € | -802 € | -1 274 € |
| Other social security expenses | 519 € | -343 € | -520 € |
| Intangible assets | 0 € | 1 000 € | 4 860 € |
| Tangible assets | 13 t€ | 18 t€ | 23 t€ |
| Short-term accrued expenses and deferred income | 12 t€ | 6 406 € | 7 472 € |
| Short-term receivables | 2 937 € | 0 € | – |
| Pension expenses | 4 375 € | -2 923 € | -1 603 € |
| Long-term liabilities to credit institutions | 0 € | 292 € | 3 792 € |
| Machinery and equipment | 13 t€ | 18 t€ | 23 t€ |
| Short-term loan receivables | 2 937 € | 0 € | – |
| Other intangible assets | 0 € | 1 000 € | 4 860 € |
| Short-term liabilities to credit institutions | 292 € | 3 500 € | 3 792 € |
| Liabilities | 19 t€ | 24 t€ | 31 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.