TiikRak Oy is a limited company based in Seinäjoki, registered in 2018. In the financial year ending 28.2.2026, revenue was 173 t€ and operating profit 19 t€; equity ratio 71.2 %. Its taxable income in 2024 was 28 t€ and its income taxes 5 512 €.
Revenue 2026173 t€+31 % on the previous year
Operating profit19 t€10,8 % of revenue
Net profit16 t€EBITDA 9 922 €
Equity ratio71,2 %quick ratio 3,44
Taxable income 202428 t€
upper half of its industry
Income taxes 20245 512 €18 t€ in 2020–2024
In business8 yrsregistered 15.5.2018
Financials
RevenueOperating profitNet profit
| Key figures | 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | 28.2.2022 |
|---|---|---|---|---|---|
| Revenue | 173 t€ | 132 t€ | 103 t€ | 86 t€ | 97 t€ |
| Revenue change | 31,2 % | 27,9 % | 20,5 % | -11,7 % | – |
| EBITDA | 9 922 € | 17 t€ | 29 t€ | 3 451 € | 27 t€ |
| EBITDA % | 5,7 % | 13,1 % | 28,3 % | 4,0 % | 27,4 % |
| Operating profit | 19 t€ | 16 t€ | 28 t€ | 559 € | 21 t€ |
| Operating margin | 10,8 % | 12,2 % | 26,7 % | 0,7 % | 21,8 % |
| Net profit | 16 t€ | 13 t€ | 22 t€ | 389 € | 17 t€ |
| Personnel costs | -109 t€ | 79 t€ | 49 t€ | 57 t€ | 42 t€ |
| Equity ratio | 71,2 % | 93,1 % | 89,2 % | 93,7 % | 97,7 % |
| Quick ratio | 3,44 | 7,20 | 5,10 | 10,14 | 30,55 |
| Current ratio | 3,44 | 7,20 | 5,10 | 10,14 | 30,55 |
| Debt to revenue | 18,2 % | 3,8 % | 7,0 % | 3,4 % | 1,2 % |
| Return on equity | 20,2 % | 19,6 % | 36,6 % | 0,9 % | 33,3 % |
| Balance sheet total | 109 t€ | 72 t€ | 67 t€ | 46 t€ | 53 t€ |
| Equity | 78 t€ | 67 t€ | 60 t€ | 43 t€ | 52 t€ |
| Cash and bank | 18 t€ | 11 t€ | 23 t€ | 18 t€ | 30 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | 28.2.2022 | |
|---|---|---|---|---|---|
| Turnover | 173 t€ | 132 t€ | 103 t€ | 86 t€ | 97 t€ |
| Other operating income | – | 0 € | 2 798 € | 10 t€ | 0 € |
| Raw materials and services | 1 584 € | -487 € | -1 973 € | -1 316 € | -2 821 € |
| Personnel expenses | 109 t€ | -79 t€ | -49 t€ | -57 t€ | -42 t€ |
| Depreciations and reductions in value | 8 828 € | -1 228 € | -1 638 € | -2 892 € | -5 398 € |
| Other operating expenses | 35 t€ | -35 t€ | -26 t€ | -34 t€ | -25 t€ |
| Operating profit (loss) | 19 t€ | 16 t€ | 28 t€ | 559 € | 21 t€ |
| Financial income and expenses + (-) | -858 € | 232 € | -22 € | -68 € | -3 € |
| Profit (loss) before appropriations and taxes | 20 t€ | 16 t€ | 28 t€ | 492 € | 21 t€ |
| Income taxes | 3 916 € | -3 124 € | -5 675 € | -102 € | -4 005 € |
| Profit (loss) for the financial year | 16 t€ | 13 t€ | 22 t€ | 389 € | 17 t€ |
Balance sheet
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | 28.2.2022 | |
|---|---|---|---|---|---|
| Non-current assets | 72 t€ | 46 t€ | 30 t€ | 17 t€ | 16 t€ |
| Receivables | 19 t€ | 16 t€ | 14 t€ | 11 t€ | 6 768 € |
| Cash in hand and at banks | 18 t€ | 11 t€ | 23 t€ | 18 t€ | 30 t€ |
| Current assets | 37 t€ | 26 t€ | 37 t€ | 29 t€ | 37 t€ |
| Assets | 109 t€ | 72 t€ | 67 t€ | 46 t€ | 53 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 78 t€ | 67 t€ | 60 t€ | 43 t€ | 52 t€ |
| Long-term liabilities | 21 t€ | 1 315 € | 0 € | – | – |
| Short-term liabilities | 11 t€ | 3 661 € | 7 218 € | 2 880 € | 1 196 € |
| Liabilities | 31 t€ | 4 976 € | 7 218 € | 2 880 € | 1 196 € |
All financial statement items (45)
| 28.2.2026 | 28.2.2025 | 29.2.2024 | 28.2.2023 | 28.2.2022 | |
|---|---|---|---|---|---|
| Turnover | 173 t€ | 132 t€ | 103 t€ | 86 t€ | 97 t€ |
| Other operating income | – | 0 € | 2 798 € | 10 t€ | 0 € |
| Raw materials and services | 1 584 € | -487 € | -1 973 € | -1 316 € | -2 821 € |
| Personnel expenses | 109 t€ | -79 t€ | -49 t€ | -57 t€ | -42 t€ |
| Depreciations and reductions in value | 8 828 € | -1 228 € | -1 638 € | -2 892 € | -5 398 € |
| Other operating expenses | 35 t€ | -35 t€ | -26 t€ | -34 t€ | -25 t€ |
| Operating profit (loss) | 19 t€ | 16 t€ | 28 t€ | 559 € | 21 t€ |
| Financial income and expenses + (-) | -858 € | 232 € | -22 € | -68 € | -3 € |
| Profit (loss) before appropriations and taxes | 20 t€ | 16 t€ | 28 t€ | 492 € | 21 t€ |
| Income taxes | 3 916 € | -3 124 € | -5 675 € | -102 € | -4 005 € |
| Profit (loss) for the financial year | 16 t€ | 13 t€ | 22 t€ | 389 € | 17 t€ |
| Non-current assets | 72 t€ | 46 t€ | 30 t€ | 17 t€ | 16 t€ |
| Receivables | 19 t€ | 16 t€ | 14 t€ | 11 t€ | 6 768 € |
| Cash in hand and at banks | 18 t€ | 11 t€ | 23 t€ | 18 t€ | 30 t€ |
| Current assets | 37 t€ | 26 t€ | 37 t€ | 29 t€ | 37 t€ |
| Assets | 109 t€ | 72 t€ | 67 t€ | 46 t€ | 53 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 78 t€ | 67 t€ | 60 t€ | 43 t€ | 52 t€ |
| Long-term liabilities | 21 t€ | 1 315 € | 0 € | – | – |
| Short-term liabilities | 11 t€ | 3 661 € | 7 218 € | 2 880 € | 1 196 € |
| Liabilities | 31 t€ | 4 976 € | 7 218 € | 2 880 € | 1 196 € |
| Pension expenses | 21 t€ | -17 t€ | -13 t€ | -15 t€ | -9 554 € |
| Depreciations according to plan | 8 828 € | -1 228 € | -1 638 € | -2 892 € | -5 398 € |
| Tangible assets | 26 t€ | 3 686 € | 4 915 € | 17 t€ | 16 t€ |
| Retained earnings | 60 t€ | 52 t€ | 35 t€ | 40 t€ | 32 t€ |
| Short-term receivables | 19 t€ | 16 t€ | 14 t€ | 11 t€ | 6 768 € |
| Other current liabilities | 2 147 € | 1 509 € | 3 192 € | 1 280 € | 515 € |
| Short-term sales receivables | 11 t€ | 12 t€ | 11 t€ | 4 000 € | 3 600 € |
| Short-term prepayments and accrued income | 7 126 € | 3 000 € | 2 437 € | 5 853 € | 2 168 € |
| Other interest and financial income from non-group companies | 2 753 € | 272 € | 18 € | 1 € | 3 € |
| Interest expenses and other financial expenses for non-Group companies | 1 895 € | -40 € | -40 € | -69 € | -6 € |
| Short-term accounts payable | 8 654 € | 2 152 € | 2 585 € | 1 600 € | 358 € |
| Other long-term liabilities | 0 € | 1 315 € | 0 € | – | – |
| Short-term accrued expenses and deferred income | – | 0 € | 1 442 € | 0 € | 323 € |
| Profit (loss) for the period, equity | 16 t€ | 13 t€ | 22 t€ | 389 € | 17 t€ |
| Other social security expenses | 7 914 € | -5 489 € | -1 901 € | -2 316 € | -2 151 € |
| Investments | 46 t€ | 42 t€ | 25 t€ | 0 € | – |
| Purchases during the financial year | 1 584 € | -347 € | -1 815 € | -1 191 € | -2 663 € |
| Other short-term receivables | 1 143 € | 1 123 € | 1 132 € | 999 € | 1 000 € |
| Long-term liabilities to credit institutions | 21 t€ | 0 € | – | – | – |
| Services purchased | 0 € | -140 € | -158 € | -125 € | -158 € |
| Wages and salaries | 80 t€ | -57 t€ | -34 t€ | -39 t€ | -31 t€ |
| Liabilities | 109 t€ | 72 t€ | 67 t€ | 46 t€ | 53 t€ |
| Other shares and similar rights of ownership | 46 t€ | 42 t€ | 25 t€ | 0 € | – |
| Machinery and equipment | 26 t€ | 3 686 € | 4 915 € | 17 t€ | 16 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, TiikRak Oy is in the upper half of the industry class construction of residential and non-residential buildings (5706 companies with taxable income; median 16 t€).
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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