Kiinteistö Oy Heinolankaari is a limited company based in Luoto, registered in 2019. In the financial year ending 31.12.2021, revenue was 480 t€ and operating profit 217 t€; equity ratio 13.3 %. Its taxable income in 2024 was 285 t€ and its income taxes 57 t€.
Financials
| Key figures | 31.12.2021 | 31.12.2020 |
|---|---|---|
| Revenue | 480 t€ | 381 t€ |
| Revenue change | 25,8 % | – |
| EBITDA | 337 t€ | 277 t€ |
| EBITDA % | 70,2 % | 72,7 % |
| Operating profit | 217 t€ | 196 t€ |
| Operating margin | 45,1 % | 51,4 % |
| Net profit | 113 t€ | 115 t€ |
| Equity ratio | 13,3 % | 10,8 % |
| Quick ratio | 0,00 | 0,34 |
| Current ratio | 0,00 | 0,34 |
| Debt to revenue | 495,2 % | 674,2 % |
| Return on equity | 30,9 % | 36,7 % |
| Balance sheet total | 2,7 M€ | 2,9 M€ |
| Equity | 365 t€ | 312 t€ |
| Cash and bank | 156 € | 125 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2021 | 31.12.2020 | |
|---|---|---|
| Turnover | 480 t€ | 381 t€ |
| Depreciations and reductions in value | -120 t€ | -81 t€ |
| Other operating expenses | -143 t€ | -104 t€ |
| Operating profit (loss) | 217 t€ | 196 t€ |
| Financial income and expenses + (-) | -77 t€ | -71 t€ |
| Profit (loss) before appropriations and taxes | 139 t€ | 125 t€ |
| Income taxes | -27 t€ | -11 t€ |
| Profit (loss) for the financial year | 113 t€ | 115 t€ |
Balance sheet
| 31.12.2021 | 31.12.2020 | |
|---|---|---|
| Non-current assets | 2,7 M€ | 2,7 M€ |
| Receivables | 0 € | 45 t€ |
| Cash in hand and at banks | 156 € | 125 t€ |
| Current assets | 156 € | 170 t€ |
| Assets | 2,7 M€ | 2,9 M€ |
| Share capital or other similar capital | 2 500 € | 2 500 € |
| Capital and reserves | 365 t€ | 312 t€ |
| Long-term liabilities | 1,9 M€ | 2,1 M€ |
| Short-term liabilities | 493 t€ | 506 t€ |
| Liabilities | 2,4 M€ | 2,6 M€ |
All financial statement items (36)
| 31.12.2021 | 31.12.2020 | |
|---|---|---|
| Turnover | 480 t€ | 381 t€ |
| Depreciations and reductions in value | -120 t€ | -81 t€ |
| Other operating expenses | -143 t€ | -104 t€ |
| Operating profit (loss) | 217 t€ | 196 t€ |
| Financial income and expenses + (-) | -77 t€ | -71 t€ |
| Profit (loss) before appropriations and taxes | 139 t€ | 125 t€ |
| Income taxes | -27 t€ | -11 t€ |
| Profit (loss) for the financial year | 113 t€ | 115 t€ |
| Non-current assets | 2,7 M€ | 2,7 M€ |
| Receivables | 0 € | 45 t€ |
| Cash in hand and at banks | 156 € | 125 t€ |
| Current assets | 156 € | 170 t€ |
| Assets | 2,7 M€ | 2,9 M€ |
| Share capital or other similar capital | 2 500 € | 2 500 € |
| Capital and reserves | 365 t€ | 312 t€ |
| Long-term liabilities | 1,9 M€ | 2,1 M€ |
| Short-term liabilities | 493 t€ | 506 t€ |
| Liabilities | 2,4 M€ | 2,6 M€ |
| Other tangible assets | 41 t€ | 39 t€ |
| Long-term liabilities to credit institutions | 1,9 M€ | 2,1 M€ |
| Depreciations according to plan | -120 t€ | -81 t€ |
| Profit (loss) for the period, equity | 113 t€ | 115 t€ |
| Interest expenses and other financial expenses for non-Group companies | -77 t€ | -71 t€ |
| Short-term liabilities to credit institutions | 297 t€ | 284 t€ |
| Short-term receivables | 0 € | 45 t€ |
| Liabilities | 2,7 M€ | 2,9 M€ |
| Tangible assets | 2,7 M€ | 2,7 M€ |
| Short-term accounts payable | 24 t€ | 210 t€ |
| Short-term accrued expenses and deferred income | 27 t€ | 12 t€ |
| Other short-term receivables | 0 € | 45 t€ |
| Other interest and financial income from non-group companies | 4 € | 6 € |
| Other current liabilities | 144 t€ | 0 € |
| Reserve for invested non-restricted equity | 195 t€ | 195 t€ |
| Buildings and structures, Owned | 2,4 M€ | 2,3 M€ |
| Retained earnings | 55 t€ | 0 € |
| Land and water areas, Owned | 341 t€ | 341 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, Kiinteistö Oy Heinolankaari is in the top 10 % of the industry class buying and selling of own real estate (652 companies with taxable income; median 16 t€, 18 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.
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