AK Works Oy is a limited company based in Varkaus, registered in 2019. In the financial year ending 31.12.2024, revenue was 126 t€ and operating profit -7 667 €; equity ratio -2.1 %.
Financials
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 126 t€ | 19 t€ |
| Revenue change | 571,5 % | – |
| EBITDA | -5 030 € | -26 t€ |
| EBITDA % | -4,0 % | -139,7 % |
| Operating profit | -7 667 € | -26 t€ |
| Operating margin | -6,1 % | -139,7 % |
| Net profit | -10 t€ | -29 t€ |
| Personnel costs | 35 t€ | 14 t€ |
| Equity ratio | -2,1 % | 5,5 % |
| Quick ratio | 0,68 | 1,06 |
| Current ratio | 0,68 | 1,06 |
| Debt to revenue | 21,2 % | 97,1 % |
| Return on equity | – | -2691,7 % |
| Balance sheet total | 26 t€ | 19 t€ |
| Equity | -547 € | 1 064 € |
| Cash and bank | 1 202 € | 0 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 126 t€ | 19 t€ |
| Other operating income | 750 € | 8 699 € |
| Raw materials and services | -68 t€ | -19 t€ |
| Personnel expenses | -35 t€ | -14 t€ |
| Depreciations and reductions in value | -2 636 € | 0 € |
| Other operating expenses | -29 t€ | -21 t€ |
| Operating profit (loss) | -7 667 € | -26 t€ |
| Financial income and expenses + (-) | -2 403 € | -2 411 € |
| Profit (loss) before appropriations and taxes | -10 t€ | -29 t€ |
| Income taxes | -100 € | 0 € |
| Profit (loss) for the financial year | -10 t€ | -29 t€ |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 7 909 € | 0 € |
| Receivables | 17 t€ | 19 t€ |
| Cash in hand and at banks | 1 202 € | 0 € |
| Current assets | 18 t€ | 19 t€ |
| Assets | 26 t€ | 19 t€ |
| Capital and reserves | -547 € | 1 064 € |
| Short-term liabilities | 27 t€ | 18 t€ |
| Liabilities | 27 t€ | 18 t€ |
All financial statement items (39)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 126 t€ | 19 t€ |
| Other operating income | 750 € | 8 699 € |
| Raw materials and services | -68 t€ | -19 t€ |
| Personnel expenses | -35 t€ | -14 t€ |
| Depreciations and reductions in value | -2 636 € | 0 € |
| Other operating expenses | -29 t€ | -21 t€ |
| Operating profit (loss) | -7 667 € | -26 t€ |
| Financial income and expenses + (-) | -2 403 € | -2 411 € |
| Profit (loss) before appropriations and taxes | -10 t€ | -29 t€ |
| Income taxes | -100 € | 0 € |
| Profit (loss) for the financial year | -10 t€ | -29 t€ |
| Non-current assets | 7 909 € | 0 € |
| Receivables | 17 t€ | 19 t€ |
| Cash in hand and at banks | 1 202 € | 0 € |
| Current assets | 18 t€ | 19 t€ |
| Assets | 26 t€ | 19 t€ |
| Capital and reserves | -547 € | 1 064 € |
| Short-term liabilities | 27 t€ | 18 t€ |
| Liabilities | 27 t€ | 18 t€ |
| Other social security expenses | -1 000 € | -1 274 € |
| Short-term accrued expenses and deferred income | 7 374 € | 0 € |
| Tangible assets | 7 909 € | 0 € |
| Pension expenses | -3 686 € | -1 203 € |
| Reserve for invested non-restricted equity | 16 t€ | 16 t€ |
| Liabilities | 26 t€ | 19 t€ |
| Machinery and equipment | 7 909 € | 0 € |
| Short-term loan receivables | 16 t€ | 0 € |
| Services purchased | -3 956 € | -2 729 € |
| Wages and salaries | -30 t€ | -11 t€ |
| Short-term prepayments and accrued income | 580 € | 4 509 € |
| Purchases during the financial year | -64 t€ | -17 t€ |
| Short-term sales receivables | 823 € | 15 t€ |
| Profit (loss) for the period, equity | -10 t€ | -29 t€ |
| Other current liabilities | 14 t€ | 18 t€ |
| Interest expenses and other financial expenses for non-Group companies | -2 403 € | -2 411 € |
| Retained earnings | -6 341 € | 14 t€ |
| Short-term accounts payable | 5 258 € | 0 € |
| Depreciations according to plan | -2 636 € | 0 € |
| Short-term receivables | 17 t€ | 19 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
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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