Ararat Finland Oy Ltd is a limited company based in Helsinki, registered in 2019. In the financial year ending 31.12.2025, revenue was 4,5 M€ and operating profit 311 t€; equity ratio 79.5 %. Its taxable income in 2024 was 277 t€ and its income taxes 56 t€.
Revenue 20254,5 M€-8 % on the previous year
Operating profit311 t€7,0 % of revenue
Net profit240 t€EBITDA 293 t€
Equity ratio79,5 %quick ratio 2,38
Taxable income 2024277 t€
top 10 % of its industry
Income taxes 202456 t€158 t€ in 2020–2024
In business7 yrsregistered 23.9.2019
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 4,5 M€ | 4,9 M€ | 3,1 M€ | 0 € |
| Revenue change | -8,5 % | 57,6 % | – | – |
| EBITDA | 293 t€ | 287 t€ | 467 t€ | -487 € |
| EBITDA % | 6,6 % | 5,9 % | 15,1 % | – |
| Operating profit | 311 t€ | 278 t€ | 455 t€ | -1 048 € |
| Operating margin | 7,0 % | 5,7 % | 14,7 % | – |
| Net profit | 240 t€ | 218 t€ | 362 t€ | -1 048 € |
| Personnel costs | -133 t€ | 166 t€ | 79 t€ | 0 € |
| Equity ratio | 79,5 % | 74,5 % | 51,6 % | 97,2 % |
| Quick ratio | 2,38 | 2,02 | 1,21 | 34,14 |
| Current ratio | 5,16 | 3,60 | 1,99 | 34,14 |
| Debt to revenue | 4,5 % | 4,1 % | 12,0 % | – |
| Return on equity | 30,9 % | 37,4 % | 91,3 % | -3,0 % |
| Balance sheet total | 977 t€ | 783 t€ | 768 t€ | 36 t€ |
| Equity | 776 t€ | 583 t€ | 397 t€ | 35 t€ |
| Cash and bank | 227 t€ | 168 t€ | 305 t€ | 2 081 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 4,5 M€ | 4,9 M€ | 3,1 M€ | 0 € |
| Other operating income | 3 799 € | 0 € | – | – |
| Raw materials and services | 3,7 M€ | -4,2 M€ | -2,4 M€ | 0 € |
| Personnel expenses | 133 t€ | -166 t€ | -79 t€ | 0 € |
| Depreciations and reductions in value | 18 t€ | -9 273 € | -12 t€ | -561 € |
| Other operating expenses | 276 t€ | -258 t€ | -124 t€ | -487 € |
| Operating profit (loss) | 311 t€ | 278 t€ | 455 t€ | -1 048 € |
| Financial income and expenses + (-) | 9 923 € | -1 129 € | -1 264 € | 0 € |
| Profit (loss) before appropriations and taxes | 301 t€ | 277 t€ | 454 t€ | -1 048 € |
| Income taxes | 61 t€ | -59 t€ | -92 t€ | 0 € |
| Profit (loss) for the financial year | 240 t€ | 218 t€ | 362 t€ | -1 048 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 243 t€ | 64 t€ | 30 t€ | 1 683 € |
| Stocks | 395 t€ | 315 t€ | 289 t€ | 0 € |
| Receivables | 111 t€ | 237 t€ | 144 t€ | 32 t€ |
| Cash in hand and at banks | 227 t€ | 168 t€ | 305 t€ | 2 081 € |
| Current assets | 734 t€ | 719 t€ | 739 t€ | 34 t€ |
| Assets | 977 t€ | 783 t€ | 768 t€ | 36 t€ |
| Capital and reserves | 776 t€ | 583 t€ | 397 t€ | 35 t€ |
| Long-term liabilities | 58 t€ | 0 € | – | – |
| Short-term liabilities | 142 t€ | 200 t€ | 372 t€ | 990 € |
| Liabilities | 201 t€ | 200 t€ | 372 t€ | 990 € |
All financial statement items (47)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 4,5 M€ | 4,9 M€ | 3,1 M€ | 0 € |
| Other operating income | 3 799 € | 0 € | – | – |
| Raw materials and services | 3,7 M€ | -4,2 M€ | -2,4 M€ | 0 € |
| Personnel expenses | 133 t€ | -166 t€ | -79 t€ | 0 € |
| Depreciations and reductions in value | 18 t€ | -9 273 € | -12 t€ | -561 € |
| Other operating expenses | 276 t€ | -258 t€ | -124 t€ | -487 € |
| Operating profit (loss) | 311 t€ | 278 t€ | 455 t€ | -1 048 € |
| Financial income and expenses + (-) | 9 923 € | -1 129 € | -1 264 € | 0 € |
| Profit (loss) before appropriations and taxes | 301 t€ | 277 t€ | 454 t€ | -1 048 € |
| Income taxes | 61 t€ | -59 t€ | -92 t€ | 0 € |
| Profit (loss) for the financial year | 240 t€ | 218 t€ | 362 t€ | -1 048 € |
| Non-current assets | 243 t€ | 64 t€ | 30 t€ | 1 683 € |
| Stocks | 395 t€ | 315 t€ | 289 t€ | 0 € |
| Receivables | 111 t€ | 237 t€ | 144 t€ | 32 t€ |
| Cash in hand and at banks | 227 t€ | 168 t€ | 305 t€ | 2 081 € |
| Current assets | 734 t€ | 719 t€ | 739 t€ | 34 t€ |
| Assets | 977 t€ | 783 t€ | 768 t€ | 36 t€ |
| Capital and reserves | 776 t€ | 583 t€ | 397 t€ | 35 t€ |
| Long-term liabilities | 58 t€ | 0 € | – | – |
| Short-term liabilities | 142 t€ | 200 t€ | 372 t€ | 990 € |
| Liabilities | 201 t€ | 200 t€ | 372 t€ | 990 € |
| Other short-term receivables | 34 t€ | 34 t€ | 9 € | 0 € |
| Other current liabilities | 66 t€ | 81 t€ | 83 t€ | 990 € |
| Other intangible assets | 30 t€ | 37 t€ | 0 € | 1 683 € |
| Retained earnings | 536 t€ | 365 t€ | 35 t€ | 36 t€ |
| Short-term prepayments and accrued income | 1 218 € | 4 580 € | 13 t€ | 0 € |
| Short-term accounts payable | 25 t€ | 118 t€ | 206 t€ | 0 € |
| Short-term sales receivables | 75 t€ | 198 t€ | 131 t€ | 32 t€ |
| Advance payments and construction in progress | 0 € | 2 200 € | 0 € | – |
| Purchases during the financial year | 3,8 M€ | -4,2 M€ | -2,7 M€ | 0 € |
| Profit (loss) for the period, equity | 240 t€ | 218 t€ | 362 t€ | -1 048 € |
| Short-term receivables | 111 t€ | 237 t€ | 144 t€ | 32 t€ |
| Interest expenses and other financial expenses for non-Group companies | 9 923 € | -1 129 € | -1 264 € | 0 € |
| Tangible assets | 213 t€ | 26 t€ | 30 t€ | 0 € |
| Materials and supplies | 395 t€ | 315 t€ | 289 t€ | 0 € |
| Wages and salaries | 119 t€ | -148 t€ | -69 t€ | 0 € |
| Short-term accrued expenses and deferred income | 1 587 € | 1 637 € | 82 t€ | 0 € |
| Intangible assets | 30 t€ | 37 t€ | 0 € | 1 683 € |
| Liabilities | 977 t€ | 783 t€ | 768 t€ | 36 t€ |
| Other social security expenses | 2 774 € | -3 152 € | -1 776 € | 0 € |
| Long-term liabilities to credit institutions | 58 t€ | 0 € | – | – |
| Machinery and equipment | 29 t€ | 24 t€ | 30 t€ | 0 € |
| Depreciations according to plan | 18 t€ | -9 273 € | -12 t€ | -561 € |
| Land and water areas, Owned | 184 t€ | 0 € | – | – |
| Inventory increase (+) or decrease (-) | -81 t€ | 25 t€ | 289 t€ | 0 € |
| Short-term liabilities to credit institutions | 50 t€ | 0 € | – | – |
| Pension expenses | 11 t€ | -15 t€ | -7 420 € | 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, Ararat Finland Oy Ltd is in the top 10 % of the industry class other miscellaneous personal service activities n.e.c. (687 companies with taxable income; median 8 177 €, 34 times the median).
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.