Vene- ja konehuolto Ritvanen Oy is a limited company based in Vesanto, registered in 2018. In the financial year ending 28.2.2025, revenue was 29 t€ and operating profit -7 128 €; equity ratio 0.3 %.
Revenue 202529 t€-32 % on the previous year
Operating profit-7 128 €-24,6 % of revenue
Net profit-7 127 €EBITDA -4 603 €
Equity ratio0,3 %quick ratio 1,93
In business8 yrsregistered 24.4.2018
Financials
RevenueOperating profitNet profit
| Key figures | 28.2.2025 | 29.2.2024 | 28.2.2023 |
|---|---|---|---|
| Revenue | 29 t€ | 42 t€ | 25 t€ |
| Revenue change | -31,7 % | 69,8 % | – |
| EBITDA | -4 603 € | 694 € | -2 824 € |
| EBITDA % | -15,9 % | 1,6 % | -11,3 % |
| Operating profit | -7 128 € | -261 € | -3 125 € |
| Operating margin | -24,6 % | -0,6 % | -12,5 % |
| Net profit | -7 127 € | -290 € | -3 326 € |
| Personnel costs | 3 948 € | 4 381 € | 2 685 € |
| Equity ratio | 0,3 % | -2,2 % | -1,4 % |
| Quick ratio | 1,93 | 0,32 | 0,33 |
| Current ratio | 6,01 | 0,83 | 0,96 |
| Debt to revenue | 131,0 % | 84,9 % | 137,5 % |
| Return on equity | -6531,0 % | – | – |
| Balance sheet total | 38 t€ | 35 t€ | 34 t€ |
| Equity | 109 € | -764 € | -474 € |
| Cash and bank | 2 341 € | 1 947 € | 2 249 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|
| Turnover | 29 t€ | 42 t€ | 25 t€ |
| Other operating income | 2 151 € | 0 € | 686 € |
| Raw materials and services | -15 t€ | -13 t€ | 356 € |
| Personnel expenses | -3 948 € | -4 381 € | -2 685 € |
| Depreciations and reductions in value | -2 525 € | -955 € | -301 € |
| Other operating expenses | -17 t€ | -24 t€ | -26 t€ |
| Operating profit (loss) | -7 128 € | -261 € | -3 125 € |
| Financial income and expenses + (-) | 1 € | -29 € | -201 € |
| Profit (loss) before appropriations and taxes | -7 127 € | -290 € | -3 326 € |
| Profit (loss) for the financial year | -7 127 € | -290 € | -3 326 € |
Balance sheet
| 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|
| Non-current assets | 11 t€ | 5 491 € | 904 € |
| Stocks | 18 t€ | 18 t€ | 22 t€ |
| Receivables | 6 194 € | 9 735 € | 9 177 € |
| Cash in hand and at banks | 2 341 € | 1 947 € | 2 249 € |
| Current assets | 27 t€ | 30 t€ | 33 t€ |
| Assets | 38 t€ | 35 t€ | 34 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 109 € | -764 € | -474 € |
| Long-term liabilities | 34 t€ | 0 € | – |
| Short-term liabilities | 4 427 € | 36 t€ | 34 t€ |
| Liabilities | 38 t€ | 36 t€ | 34 t€ |
All financial statement items (46)
| 28.2.2025 | 29.2.2024 | 28.2.2023 | |
|---|---|---|---|
| Turnover | 29 t€ | 42 t€ | 25 t€ |
| Other operating income | 2 151 € | 0 € | 686 € |
| Raw materials and services | -15 t€ | -13 t€ | 356 € |
| Personnel expenses | -3 948 € | -4 381 € | -2 685 € |
| Depreciations and reductions in value | -2 525 € | -955 € | -301 € |
| Other operating expenses | -17 t€ | -24 t€ | -26 t€ |
| Operating profit (loss) | -7 128 € | -261 € | -3 125 € |
| Financial income and expenses + (-) | 1 € | -29 € | -201 € |
| Profit (loss) before appropriations and taxes | -7 127 € | -290 € | -3 326 € |
| Profit (loss) for the financial year | -7 127 € | -290 € | -3 326 € |
| Non-current assets | 11 t€ | 5 491 € | 904 € |
| Stocks | 18 t€ | 18 t€ | 22 t€ |
| Receivables | 6 194 € | 9 735 € | 9 177 € |
| Cash in hand and at banks | 2 341 € | 1 947 € | 2 249 € |
| Current assets | 27 t€ | 30 t€ | 33 t€ |
| Assets | 38 t€ | 35 t€ | 34 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 109 € | -764 € | -474 € |
| Long-term liabilities | 34 t€ | 0 € | – |
| Short-term liabilities | 4 427 € | 36 t€ | 34 t€ |
| Liabilities | 38 t€ | 36 t€ | 34 t€ |
| Reserve for invested non-restricted equity | 8 000 € | 0 € | – |
| Profit (loss) for the period, equity | -7 127 € | -290 € | -3 326 € |
| Machinery and equipment | 11 t€ | 5 491 € | 904 € |
| Pension expenses | -3 198 € | -3 531 € | -1 919 € |
| Short-term loan receivables | 0 € | 1 285 € | 0 € |
| Short-term accounts payable | 0 € | 759 € | 927 € |
| Short-term prepayments and accrued income | – | 0 € | 690 € |
| Liabilities | 38 t€ | 35 t€ | 34 t€ |
| Materials and supplies | 14 t€ | 14 t€ | 17 t€ |
| Other interest and financial income from non-group companies | 14 € | 0 € | – |
| Finished products | 4 175 € | 4 175 € | 4 175 € |
| Interest expenses and other financial expenses for non-Group companies | -13 € | -29 € | -201 € |
| Short-term sales receivables | 5 335 € | 5 658 € | 7 854 € |
| Short-term liabilities to credit institutions | – | 0 € | 1 562 € |
| Other current liabilities | 4 427 € | 35 t€ | 32 t€ |
| Short-term receivables | 6 194 € | 9 735 € | 9 177 € |
| Other short-term receivables | 859 € | 2 793 € | 634 € |
| Retained earnings | -3 264 € | -2 974 € | 352 € |
| Inventory increase (+) or decrease (-) | 0 € | -3 449 € | 10 t€ |
| Depreciations according to plan | -2 525 € | -955 € | -301 € |
| Tangible assets | 11 t€ | 5 491 € | 904 € |
| Services purchased | -768 € | -751 € | -290 € |
| Other long-term liabilities | 34 t€ | 0 € | – |
| Purchases during the financial year | -14 t€ | -8 700 € | -9 454 € |
| Other social security expenses | -750 € | -850 € | -766 € |
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.