OY Steel & Artworks Nordic LTD is a limited company based in Seinäjoki, registered in 2018. In the financial year ending 31.10.2025, revenue was 117 t€ and operating profit -2 205 €; equity ratio -41.6 %.
Revenue 2025117 t€+19 % on the previous year
Operating profit-2 205 €-1,9 % of revenue
Net profit-9 097 €EBITDA -1 402 €
Equity ratio-41,6 %quick ratio 1,21
In business8 yrsregistered 22.10.2018
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Financials
RevenueOperating profitNet profit
| Key figures | 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 |
|---|---|---|---|---|
| Revenue | 117 t€ | 98 t€ | 107 t€ | 173 t€ |
| Revenue change | 19,2 % | -8,2 % | -38,1 % | – |
| EBITDA | -1 402 € | 4 208 € | -7 655 € | 22 t€ |
| EBITDA % | -1,2 % | 4,3 % | -7,2 % | 12,5 % |
| Operating profit | -2 205 € | 3 138 € | -9 082 € | 20 t€ |
| Operating margin | -1,9 % | 3,2 % | -8,5 % | 11,5 % |
| Net profit | -9 097 € | 1 204 € | -15 t€ | 13 t€ |
| Personnel costs | 61 t€ | 57 t€ | 75 t€ | 98 t€ |
| Equity ratio | -41,6 % | -11,7 % | -11,8 % | 26,5 % |
| Quick ratio | 1,21 | 5,44 | 1,22 | 1,49 |
| Current ratio | 1,36 | 7,16 | 1,41 | 1,60 |
| Debt to revenue | 31,2 % | 16,0 % | 25,3 % | 19,6 % |
| Return on equity | – | – | – | 110,7 % |
| Balance sheet total | 26 t€ | 14 t€ | 24 t€ | 46 t€ |
| Equity | -11 t€ | -1 640 € | -2 844 € | 12 t€ |
| Cash and bank | 7 € | 2 929 € | 69 € | 9 883 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | |
|---|---|---|---|---|
| Turnover | 117 t€ | 98 t€ | 107 t€ | 173 t€ |
| Other operating income | – | – | 0 € | 156 € |
| Raw materials and services | -11 t€ | -4 768 € | -2 317 € | -2 754 € |
| Personnel expenses | -61 t€ | -57 t€ | -75 t€ | -98 t€ |
| Depreciations and reductions in value | -803 € | -1 070 € | -1 427 € | -1 901 € |
| Other operating expenses | -47 t€ | -32 t€ | -37 t€ | -51 t€ |
| Operating profit (loss) | -2 205 € | 3 138 € | -9 082 € | 20 t€ |
| Financial income and expenses + (-) | -6 892 € | -2 354 € | -5 943 € | -4 241 € |
| Profit (loss) before appropriations and taxes | -9 097 € | 784 € | -15 t€ | 16 t€ |
| Income taxes | 0 € | 420 € | 0 € | -2 067 € |
| Profit (loss) for the financial year | -9 097 € | 1 204 € | -15 t€ | 13 t€ |
Balance sheet
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | |
|---|---|---|---|---|
| Non-current assets | 2 408 € | 3 211 € | 4 281 € | 5 708 € |
| Stocks | 2 587 € | 2 587 € | 2 587 € | 2 587 € |
| Receivables | 21 t€ | 5 300 € | 17 t€ | 28 t€ |
| Cash in hand and at banks | 7 € | 2 929 € | 69 € | 9 883 € |
| Current assets | 23 t€ | 11 t€ | 20 t€ | 40 t€ |
| Assets | 26 t€ | 14 t€ | 24 t€ | 46 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -11 t€ | -1 640 € | -2 844 € | 12 t€ |
| Long-term liabilities | 19 t€ | 14 t€ | 13 t€ | 8 593 € |
| Short-term liabilities | 17 t€ | 1 511 € | 14 t€ | 25 t€ |
| Liabilities | 37 t€ | 16 t€ | 27 t€ | 34 t€ |
All financial statement items (47)
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | |
|---|---|---|---|---|
| Turnover | 117 t€ | 98 t€ | 107 t€ | 173 t€ |
| Other operating income | – | – | 0 € | 156 € |
| Raw materials and services | -11 t€ | -4 768 € | -2 317 € | -2 754 € |
| Personnel expenses | -61 t€ | -57 t€ | -75 t€ | -98 t€ |
| Depreciations and reductions in value | -803 € | -1 070 € | -1 427 € | -1 901 € |
| Other operating expenses | -47 t€ | -32 t€ | -37 t€ | -51 t€ |
| Operating profit (loss) | -2 205 € | 3 138 € | -9 082 € | 20 t€ |
| Financial income and expenses + (-) | -6 892 € | -2 354 € | -5 943 € | -4 241 € |
| Profit (loss) before appropriations and taxes | -9 097 € | 784 € | -15 t€ | 16 t€ |
| Income taxes | 0 € | 420 € | 0 € | -2 067 € |
| Profit (loss) for the financial year | -9 097 € | 1 204 € | -15 t€ | 13 t€ |
| Non-current assets | 2 408 € | 3 211 € | 4 281 € | 5 708 € |
| Stocks | 2 587 € | 2 587 € | 2 587 € | 2 587 € |
| Receivables | 21 t€ | 5 300 € | 17 t€ | 28 t€ |
| Cash in hand and at banks | 7 € | 2 929 € | 69 € | 9 883 € |
| Current assets | 23 t€ | 11 t€ | 20 t€ | 40 t€ |
| Assets | 26 t€ | 14 t€ | 24 t€ | 46 t€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | -11 t€ | -1 640 € | -2 844 € | 12 t€ |
| Long-term liabilities | 19 t€ | 14 t€ | 13 t€ | 8 593 € |
| Short-term liabilities | 17 t€ | 1 511 € | 14 t€ | 25 t€ |
| Liabilities | 37 t€ | 16 t€ | 27 t€ | 34 t€ |
| Services purchased | -6 296 € | -360 € | 0 € | – |
| Retained earnings | -34 t€ | -35 t€ | -20 t€ | -34 t€ |
| Reserve for invested non-restricted equity | 30 t€ | 30 t€ | 30 t€ | 30 t€ |
| Other current liabilities | 12 t€ | 1 488 € | 4 930 € | 16 t€ |
| Profit (loss) for the period, equity | -9 097 € | 1 204 € | -15 t€ | 13 t€ |
| Other short-term receivables | 390 € | 0 € | – | – |
| Depreciations according to plan | -803 € | -1 070 € | -1 427 € | -1 901 € |
| Short-term accounts payable | 2 295 € | 24 € | 7 391 € | 2 788 € |
| Purchases during the financial year | -4 424 € | -4 408 € | -2 317 € | -5 341 € |
| Wages and salaries | -48 t€ | -47 t€ | -57 t€ | -78 t€ |
| Short-term sales receivables | 18 t€ | 104 € | 17 t€ | 28 t€ |
| Inventory increase (+) or decrease (-) | – | – | 0 € | 2 587 € |
| Interest expenses and other financial expenses for non-Group companies | -6 892 € | -2 358 € | -5 943 € | -4 241 € |
| Other interest and financial income from non-group companies | 0 € | 4 € | 0 € | – |
| Other social security expenses | -5 716 € | -4 095 € | -7 713 € | -5 960 € |
| Tangible assets | 2 408 € | 3 211 € | 4 281 € | 5 708 € |
| Short-term accrued expenses and deferred income | 3 391 € | 0 € | 1 822 € | 6 698 € |
| Short-term receivables | 21 t€ | 5 300 € | 17 t€ | 28 t€ |
| Pension expenses | -7 134 € | -6 128 € | -11 t€ | -13 t€ |
| Long-term liabilities to credit institutions | 19 t€ | 14 t€ | 13 t€ | 8 593 € |
| Machinery and equipment | 2 408 € | 3 211 € | 4 281 € | 5 708 € |
| Short-term loan receivables | 0 € | 3 014 € | 0 € | – |
| Materials and supplies | 2 587 € | 2 587 € | 2 587 € | 2 587 € |
| Short-term prepayments and accrued income | 2 183 € | 2 183 € | 73 € | 73 € |
| Liabilities | 26 t€ | 14 t€ | 24 t€ | 46 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).