Innovatac Oy is a limited company based in Nokia, registered in 2019. In the financial year ending 31.12.2025, revenue was 37 t€ and operating profit 3 830 €; equity ratio 78.0 %. Its taxable income in 2024 was 2 935 € and its income taxes 587 €.
Revenue 202537 t€+4 % on the previous year
Operating profit3 830 €10,4 % of revenue
Net profit3 062 €EBITDA 3 411 €
Equity ratio78,0 %quick ratio 2,62
Taxable income 20242 935 €
lower half of its industry
Income taxes 2024587 €2 457 € in 2020–2024
In business7 yrsregistered 21.2.2019
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 | 37 t€ | 35 t€ | 42 t€ | 28 t€ | 37 t€ | 17 t€ |
| Revenue change | 4,0 % | -16,3 % | 49,5 % | -23,6 % | 120,3 % | – |
| EBITDA | 3 411 € | 3 535 € | 5 457 € | 1 425 € | 2 632 € | 1 576 € |
| EBITDA % | 9,3 % | 10,0 % | 12,9 % | 5,0 % | 7,1 % | 9,4 % |
| Operating profit | 3 830 € | 2 976 € | 4 711 € | 430 € | 2 632 € | 1 576 € |
| Operating margin | 10,4 % | 8,4 % | 11,2 % | 1,5 % | 7,1 % | 9,4 % |
| Net profit | 3 062 € | 2 338 € | 3 768 € | 344 € | 2 105 € | 1 061 € |
| Equity ratio | 78,0 % | 87,9 % | 86,6 % | 43,6 % | 61,5 % | 43,3 % |
| Quick ratio | 2,62 | 4,58 | 4,32 | 0,62 | 0,63 | 0,77 |
| Current ratio | 4,20 | 7,08 | 5,86 | 1,36 | 1,48 | 1,76 |
| Debt to revenue | 9,8 % | 4,1 % | 3,3 % | 25,6 % | 9,7 % | 30,7 % |
| Return on equity | 24,0 % | 22,2 % | 42,2 % | 6,1 % | 36,9 % | 27,1 % |
| Balance sheet total | 16 t€ | 12 t€ | 10 t€ | 13 t€ | 9 286 € | 9 060 € |
| Equity | 13 t€ | 11 t€ | 8 919 € | 5 599 € | 5 712 € | 3 920 € |
| Cash and bank | 8 146 € | 5 865 € | 3 759 € | 2 759 € | 1 619 € | 2 048 € |
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 | 37 t€ | 35 t€ | 42 t€ | 28 t€ | 37 t€ | 17 t€ |
| Raw materials and services | 14 t€ | -20 t€ | -25 t€ | -15 t€ | -19 t€ | -9 143 € |
| Depreciations and reductions in value | 420 € | -560 € | -746 € | -995 € | 0 € | – |
| Other operating expenses | 19 t€ | -12 t€ | -12 t€ | -12 t€ | -15 t€ | -6 050 € |
| Operating profit (loss) | 3 830 € | 2 976 € | 4 711 € | 430 € | 2 632 € | 1 576 € |
| Financial income and expenses + (-) | 2 € | -51 € | -1 € | 0 € | -1 € | -200 € |
| Profit (loss) before appropriations and taxes | 3 828 € | 2 925 € | 4 710 € | 430 € | 2 632 € | 1 376 € |
| Income taxes | 766 € | -587 € | -942 € | -86 € | -526 € | -315 € |
| Profit (loss) for the financial year | 3 062 € | 2 338 € | 3 768 € | 344 € | 2 105 € | 1 061 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 1 259 € | 1 679 € | 2 239 € | 2 985 € | 3 980 € | 0 € |
| Stocks | 5 671 € | 3 639 € | 2 121 € | 5 375 € | 3 066 € | 5 088 € |
| Receivables | 1 278 € | 817 € | 2 176 € | 1 719 € | 622 € | 1 925 € |
| Cash in hand and at banks | 8 146 € | 5 865 € | 3 759 € | 2 759 € | 1 619 € | 2 048 € |
| Current assets | 15 t€ | 10 t€ | 8 055 € | 9 853 € | 5 306 € | 9 060 € |
| Assets | 16 t€ | 12 t€ | 10 t€ | 13 t€ | 9 286 € | 9 060 € |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 13 t€ | 11 t€ | 8 919 € | 5 599 € | 5 712 € | 3 920 € |
| Short-term liabilities | 3 592 € | 1 458 € | 1 375 € | 7 239 € | 3 575 € | 5 140 € |
| Liabilities | 3 592 € | 1 458 € | 1 375 € | 7 239 € | 3 575 € | 5 140 € |
All financial statement items (38)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 37 t€ | 35 t€ | 42 t€ | 28 t€ | 37 t€ | 17 t€ |
| Raw materials and services | 14 t€ | -20 t€ | -25 t€ | -15 t€ | -19 t€ | -9 143 € |
| Depreciations and reductions in value | 420 € | -560 € | -746 € | -995 € | 0 € | – |
| Other operating expenses | 19 t€ | -12 t€ | -12 t€ | -12 t€ | -15 t€ | -6 050 € |
| Operating profit (loss) | 3 830 € | 2 976 € | 4 711 € | 430 € | 2 632 € | 1 576 € |
| Financial income and expenses + (-) | 2 € | -51 € | -1 € | 0 € | -1 € | -200 € |
| Profit (loss) before appropriations and taxes | 3 828 € | 2 925 € | 4 710 € | 430 € | 2 632 € | 1 376 € |
| Income taxes | 766 € | -587 € | -942 € | -86 € | -526 € | -315 € |
| Profit (loss) for the financial year | 3 062 € | 2 338 € | 3 768 € | 344 € | 2 105 € | 1 061 € |
| Non-current assets | 1 259 € | 1 679 € | 2 239 € | 2 985 € | 3 980 € | 0 € |
| Stocks | 5 671 € | 3 639 € | 2 121 € | 5 375 € | 3 066 € | 5 088 € |
| Receivables | 1 278 € | 817 € | 2 176 € | 1 719 € | 622 € | 1 925 € |
| Cash in hand and at banks | 8 146 € | 5 865 € | 3 759 € | 2 759 € | 1 619 € | 2 048 € |
| Current assets | 15 t€ | 10 t€ | 8 055 € | 9 853 € | 5 306 € | 9 060 € |
| Assets | 16 t€ | 12 t€ | 10 t€ | 13 t€ | 9 286 € | 9 060 € |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 13 t€ | 11 t€ | 8 919 € | 5 599 € | 5 712 € | 3 920 € |
| Short-term liabilities | 3 592 € | 1 458 € | 1 375 € | 7 239 € | 3 575 € | 5 140 € |
| Liabilities | 3 592 € | 1 458 € | 1 375 € | 7 239 € | 3 575 € | 5 140 € |
| Depreciations according to plan | 420 € | -560 € | -746 € | -995 € | 0 € | – |
| Tangible assets | 1 259 € | 1 679 € | 2 239 € | 2 985 € | 3 980 € | 0 € |
| Retained earnings | 7 200 € | 5 705 € | 2 651 € | 2 755 € | 1 107 € | 359 € |
| Short-term receivables | 1 278 € | 817 € | 2 176 € | 1 719 € | 622 € | 1 925 € |
| Other current liabilities | 3 592 € | 414 € | 959 € | 6 339 € | 3 048 € | 4 042 € |
| Short-term sales receivables | 1 101 € | 712 € | 2 176 € | 1 392 € | 526 € | 1 909 € |
| Short-term prepayments and accrued income | 176 € | 0 € | 0 € | 0 € | 96 € | 16 € |
| Other interest and financial income from non-group companies | 1 € | 0 € | 0 € | 0 € | 0 € | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 3 € | -51 € | -1 € | 0 € | -1 € | -200 € |
| Short-term accounts payable | 0 € | 456 € | 0 € | 814 € | 0 € | 737 € |
| Finished products | 5 671 € | 3 639 € | 2 121 € | 5 375 € | 3 066 € | 5 088 € |
| Short-term accrued expenses and deferred income | 0 € | 587 € | 416 € | 86 € | 526 € | 361 € |
| Profit (loss) for the period, equity | 3 062 € | 2 338 € | 3 768 € | 344 € | 2 105 € | 1 061 € |
| Purchases during the financial year | 16 t€ | -21 t€ | -21 t€ | -17 t€ | -16 t€ | -13 t€ |
| Other short-term receivables | 1 € | 105 € | 0 € | 327 € | 0 € | 0 € |
| Services purchased | – | – | 0 € | -150 € | -1 115 € | 0 € |
| Liabilities | 16 t€ | 12 t€ | 10 t€ | 13 t€ | 9 286 € | 9 060 € |
| Inventory increase (+) or decrease (-) | -2 032 € | 1 519 € | -3 254 € | 2 309 € | -2 022 € | 3 865 € |
| Machinery and equipment | 1 259 € | 1 679 € | 2 239 € | 2 985 € | 3 980 € | 0 € |
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, Innovatac Oy is in the lower half of the industry class manufacture of sports goods (52 companies with taxable income; median 15 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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