Glowdia Oy is a limited company based in Oulu, registered in 2018. In the financial year ending 31.12.2025, revenue was 20 t€ and operating profit -3 306 €; equity ratio 76.3 %.
Revenue 202520 t€-2 % on the previous year
Operating profit-3 306 €-16,3 % of revenue
Net profit-3 305 €EBITDA -4 660 €
Equity ratio76,3 %quick ratio 3,12
Taxable income 20240 €
profit as taxed
Income taxes 20240 €0 € in 2020–2024
In business8 yrsregistered 12.3.2018
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 20 t€ | 21 t€ | 9 795 € | 25 t€ | 31 t€ | 22 t€ |
| Revenue change | -1,7 % | 110,2 % | -61,1 % | -18,1 % | 41,4 % | – |
| EBITDA | -4 660 € | -3 942 € | -13 t€ | -35 t€ | 1 593 € | -27 t€ |
| EBITDA % | -23,0 % | -19,1 % | -136,0 % | -138,8 % | 5,2 % | -124,1 % |
| Operating profit | -3 306 € | -5 295 € | -15 t€ | -36 t€ | 1 593 € | -27 t€ |
| Operating margin | -16,3 % | -25,7 % | -149,8 % | -144,2 % | 5,2 % | -124,1 % |
| Net profit | -3 305 € | -5 293 € | -15 t€ | -37 t€ | 1 203 € | -27 t€ |
| Personnel costs | -185 € | 137 € | 652 € | 9 829 € | 6 128 € | 33 t€ |
| Equity ratio | 76,3 % | 71,3 % | 78,9 % | 67,7 % | 29,4 % | 20,7 % |
| Quick ratio | 3,12 | 2,56 | 3,53 | 1,51 | 1,60 | 1,60 |
| Current ratio | 3,12 | 2,56 | 3,53 | 1,51 | 1,60 | 1,60 |
| Debt to revenue | 6,1 % | 14,2 % | 34,3 % | 13,8 % | 52,5 % | 97,3 % |
| Return on equity | -83,5 % | -72,9 % | -117,2 % | -503,1 % | 17,9 % | -496,8 % |
| Balance sheet total | 5 186 € | 10 t€ | 16 t€ | 11 t€ | 23 t€ | 27 t€ |
| Equity | 3 959 € | 7 264 € | 13 t€ | 7 268 € | 6 717 € | 5 514 € |
| Cash and bank | 3 386 € | 5 379 € | 11 t€ | 5 238 € | 4 268 € | 15 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 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 20 t€ | 21 t€ | 9 795 € | 25 t€ | 31 t€ | 22 t€ |
| Other operating income | 144 € | 0 € | – | 0 € | 8 780 € | 51 t€ |
| Raw materials and services | 15 t€ | -15 t€ | -6 800 € | -29 t€ | -22 t€ | -51 t€ |
| Personnel expenses | 185 € | -137 € | -652 € | -9 829 € | -6 128 € | -33 t€ |
| Depreciations and reductions in value | 1 353 € | -1 353 € | -1 353 € | -1 353 € | 0 € | – |
| Other operating expenses | 7 299 € | -9 851 € | -16 t€ | -22 t€ | -9 542 € | -16 t€ |
| Operating profit (loss) | -3 306 € | -5 295 € | -15 t€ | -36 t€ | 1 593 € | -27 t€ |
| Financial income and expenses + (-) | -1 € | 2 € | -49 € | -238 € | -389 € | -405 € |
| Profit (loss) before appropriations and taxes | -3 305 € | -5 293 € | -15 t€ | -37 t€ | 1 203 € | -27 t€ |
| Profit (loss) for the financial year | -3 305 € | -5 293 € | -15 t€ | -37 t€ | 1 203 € | -27 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 1 353 € | 2 707 € | 4 060 € | 5 413 € | 0 € | – |
| Receivables | 447 € | 2 103 € | 978 € | 235 € | 19 t€ | 12 t€ |
| Cash in hand and at banks | 3 386 € | 5 379 € | 11 t€ | 5 238 € | 4 268 € | 15 t€ |
| Current assets | 3 833 € | 7 482 € | 12 t€ | 5 473 € | 23 t€ | 27 t€ |
| Assets | 5 186 € | 10 t€ | 16 t€ | 11 t€ | 23 t€ | 27 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 3 959 € | 7 264 € | 13 t€ | 7 268 € | 6 717 € | 5 514 € |
| Long-term liabilities | – | – | – | 0 € | 1 956 € | 4 565 € |
| Short-term liabilities | 1 227 € | 2 924 € | 3 359 € | 3 618 € | 14 t€ | 17 t€ |
| Liabilities | 1 227 € | 2 924 € | 3 359 € | 3 618 € | 16 t€ | 21 t€ |
All financial statement items (44)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 20 t€ | 21 t€ | 9 795 € | 25 t€ | 31 t€ | 22 t€ |
| Other operating income | 144 € | 0 € | – | 0 € | 8 780 € | 51 t€ |
| Raw materials and services | 15 t€ | -15 t€ | -6 800 € | -29 t€ | -22 t€ | -51 t€ |
| Personnel expenses | 185 € | -137 € | -652 € | -9 829 € | -6 128 € | -33 t€ |
| Depreciations and reductions in value | 1 353 € | -1 353 € | -1 353 € | -1 353 € | 0 € | – |
| Other operating expenses | 7 299 € | -9 851 € | -16 t€ | -22 t€ | -9 542 € | -16 t€ |
| Operating profit (loss) | -3 306 € | -5 295 € | -15 t€ | -36 t€ | 1 593 € | -27 t€ |
| Financial income and expenses + (-) | -1 € | 2 € | -49 € | -238 € | -389 € | -405 € |
| Profit (loss) before appropriations and taxes | -3 305 € | -5 293 € | -15 t€ | -37 t€ | 1 203 € | -27 t€ |
| Profit (loss) for the financial year | -3 305 € | -5 293 € | -15 t€ | -37 t€ | 1 203 € | -27 t€ |
| Non-current assets | 1 353 € | 2 707 € | 4 060 € | 5 413 € | 0 € | – |
| Receivables | 447 € | 2 103 € | 978 € | 235 € | 19 t€ | 12 t€ |
| Cash in hand and at banks | 3 386 € | 5 379 € | 11 t€ | 5 238 € | 4 268 € | 15 t€ |
| Current assets | 3 833 € | 7 482 € | 12 t€ | 5 473 € | 23 t€ | 27 t€ |
| Assets | 5 186 € | 10 t€ | 16 t€ | 11 t€ | 23 t€ | 27 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 3 959 € | 7 264 € | 13 t€ | 7 268 € | 6 717 € | 5 514 € |
| Long-term liabilities | – | – | – | 0 € | 1 956 € | 4 565 € |
| Short-term liabilities | 1 227 € | 2 924 € | 3 359 € | 3 618 € | 14 t€ | 17 t€ |
| Liabilities | 1 227 € | 2 924 € | 3 359 € | 3 618 € | 16 t€ | 21 t€ |
| Purchases during the financial year | 4 333 € | -4 921 € | -1 947 € | -10 t€ | -7 068 € | -2 959 € |
| Short-term receivables | 447 € | 2 103 € | 978 € | 235 € | 19 t€ | 12 t€ |
| Other short-term receivables | 193 € | 0 € | 391 € | 0 € | 1 226 € | 1 894 € |
| Profit (loss) for the period, equity | -3 305 € | -5 293 € | -15 t€ | -37 t€ | 1 203 € | -27 t€ |
| Intangible rights | 1 353 € | 2 707 € | 4 060 € | 5 413 € | 0 € | – |
| Short-term accrued expenses and deferred income | – | – | 0 € | 2 € | 2 093 € | 4 100 € |
| Interest expenses and other financial expenses for non-Group companies | 0 € | 0 € | -49 € | -239 € | -389 € | -406 € |
| Long-term liabilities to credit institutions | – | – | – | 0 € | 1 956 € | 4 565 € |
| Other social security expenses | 185 € | -137 € | -284 € | -411 € | -365 € | -921 € |
| Short-term sales receivables | 0 € | 1 902 € | 469 € | 0 € | 2 164 € | 0 € |
| Reserve for invested non-restricted equity | 113 t€ | 113 t€ | 113 t€ | 93 t€ | 56 t€ | 56 t€ |
| Depreciations according to plan | 1 353 € | -1 353 € | -1 353 € | -1 353 € | 0 € | – |
| Other current liabilities | 1 € | 684 € | 295 € | 50 € | 480 € | 744 € |
| Short-term accounts payable | 1 227 € | 2 240 € | 3 065 € | 1 248 € | 9 016 € | 9 138 € |
| Retained earnings | -108 t€ | -103 t€ | -88 t€ | -52 t€ | -53 t€ | -26 t€ |
| Wages and salaries | – | – | 0 € | -7 426 € | -3 600 € | -28 t€ |
| Other interest and financial income from non-group companies | 1 € | 3 € | 0 € | 1 € | 0 € | 1 € |
| Short-term liabilities to credit institutions | – | – | 0 € | 2 174 € | 2 609 € | 2 609 € |
| Intangible assets | 1 353 € | 2 707 € | 4 060 € | 5 413 € | 0 € | – |
| Pension expenses | – | 0 € | -367 € | -1 992 € | -2 162 € | -3 914 € |
| Services purchased | 11 t€ | -9 628 € | -4 853 € | -19 t€ | -15 t€ | -48 t€ |
| Liabilities | 5 186 € | 10 t€ | 16 t€ | 11 t€ | 23 t€ | 27 t€ |
| Short-term advances received | – | – | 0 € | 144 € | 144 € | 144 € |
| Short-term prepayments and accrued income | 254 € | 201 € | 118 € | 235 € | 15 t€ | 9 764 € |
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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