Karaat Jewelry Oy is a limited company based in Helsinki, registered in 2019. In the financial year ending 31.12.2023, revenue was 165 t€ and operating profit -38 t€; equity ratio -13.2 %. Its taxable income in 2024 was 66 t€ and its income taxes 13 t€.
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Financials
| Key figures | 31.12.2023 | 31.12.2022 |
|---|---|---|
| Revenue | 165 t€ | 233 t€ |
| Revenue change | -29,3 % | – |
| EBITDA | -38 t€ | 51 t€ |
| EBITDA % | -23,2 % | 22,0 % |
| Operating profit | -38 t€ | 51 t€ |
| Operating margin | -23,2 % | 22,0 % |
| Net profit | -39 t€ | 45 t€ |
| Personnel costs | 39 t€ | 2 477 € |
| Equity ratio | -13,2 % | 20,4 % |
| Quick ratio | 0,21 | 0,62 |
| Current ratio | 1,09 | 1,59 |
| Debt to revenue | 65,3 % | 43,8 % |
| Return on equity | – | 170,5 % |
| Balance sheet total | 96 t€ | 128 t€ |
| Equity | -13 t€ | 26 t€ |
| Cash and bank | 12 t€ | 26 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Turnover | 165 t€ | 233 t€ |
| Other operating income | 10 t€ | 0 € |
| Raw materials and services | -100 t€ | -110 t€ |
| Personnel expenses | -39 t€ | -2 477 € |
| Other operating expenses | -74 t€ | -69 t€ |
| Operating profit (loss) | -38 t€ | 51 t€ |
| Financial income and expenses + (-) | -493 € | -20 € |
| Profit (loss) before appropriations and taxes | -39 t€ | 51 t€ |
| Income taxes | 9 € | -6 575 € |
| Profit (loss) for the financial year | -39 t€ | 45 t€ |
Balance sheet
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Stocks | 78 t€ | 78 t€ |
| Receivables | 6 044 € | 24 t€ |
| Cash in hand and at banks | 12 t€ | 26 t€ |
| Current assets | 96 t€ | 128 t€ |
| Assets | 96 t€ | 128 t€ |
| Capital and reserves | -13 t€ | 26 t€ |
| Long-term liabilities | 20 t€ | 21 t€ |
| Short-term liabilities | 89 t€ | 81 t€ |
| Liabilities | 109 t€ | 102 t€ |
All financial statement items (42)
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Turnover | 165 t€ | 233 t€ |
| Other operating income | 10 t€ | 0 € |
| Raw materials and services | -100 t€ | -110 t€ |
| Personnel expenses | -39 t€ | -2 477 € |
| Other operating expenses | -74 t€ | -69 t€ |
| Operating profit (loss) | -38 t€ | 51 t€ |
| Financial income and expenses + (-) | -493 € | -20 € |
| Profit (loss) before appropriations and taxes | -39 t€ | 51 t€ |
| Income taxes | 9 € | -6 575 € |
| Profit (loss) for the financial year | -39 t€ | 45 t€ |
| Stocks | 78 t€ | 78 t€ |
| Receivables | 6 044 € | 24 t€ |
| Cash in hand and at banks | 12 t€ | 26 t€ |
| Current assets | 96 t€ | 128 t€ |
| Assets | 96 t€ | 128 t€ |
| Capital and reserves | -13 t€ | 26 t€ |
| Long-term liabilities | 20 t€ | 21 t€ |
| Short-term liabilities | 89 t€ | 81 t€ |
| Liabilities | 109 t€ | 102 t€ |
| Profit (loss) for the period, equity | -39 t€ | 45 t€ |
| Long-term accounts payable | 476 € | 1 060 € |
| Pension expenses | -5 869 € | -382 € |
| Short-term accounts payable | 12 t€ | 66 t€ |
| Short-term prepayments and accrued income | 0 € | 923 € |
| Liabilities | 96 t€ | 128 t€ |
| Finished products | 78 t€ | 78 t€ |
| Short-term accrued expenses and deferred income | 63 t€ | 7 855 € |
| Short-term sales receivables | 3 249 € | 23 t€ |
| Interest expenses and other financial expenses for non-Group companies | -495 € | -21 € |
| Long-term receivables | 2 795 € | 0 € |
| Long-term sales receivables | 2 795 € | 0 € |
| Other current liabilities | 12 t€ | 7 441 € |
| Short-term receivables | 3 249 € | 24 t€ |
| Retained earnings | 26 t€ | -18 t€ |
| Inventory increase (+) or decrease (-) | -192 € | 39 t€ |
| Services purchased | -7 375 € | -11 t€ |
| Short-term advances received | 1 101 € | 1 € |
| Long-term subordinated loans | 20 t€ | 20 t€ |
| Purchases during the financial year | -93 t€ | -138 t€ |
| Other interest and financial income from non-group companies | 2 € | 1 € |
| Other social security expenses | -855 € | -53 € |
| Wages and salaries | -32 t€ | -2 042 € |
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, Karaat Jewelry Oy is in the top quarter of the industry class retail sale of other new goods n.e.c. (596 companies with taxable income; median 11 t€, 6,2 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.