FoamTech Ab is a limited company based in Luoto, registered in 2020. In the financial year ending 31.12.2025, revenue was 87 t€ and operating profit 9 054 €; equity ratio -152.7 %.
Revenue 202587 t€+53 % on the previous year
Operating profit9 054 €10,4 % of revenue
Net profit8 438 €EBITDA 2 213 €
Equity ratio-152,7 %quick ratio 1,45
In business6 yrsregistered 22.1.2020
Luoto: 3 new companies in 30 days
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 87 t€ | 57 t€ | 163 t€ |
| Revenue change | 52,7 % | -65,0 % | – |
| EBITDA | 2 213 € | 7 115 € | 34 t€ |
| EBITDA % | 2,5 % | 12,5 % | 20,9 % |
| Operating profit | 9 054 € | -9 006 € | 13 t€ |
| Operating margin | 10,4 % | -15,8 % | 7,8 % |
| Net profit | 8 438 € | -12 t€ | 9 031 € |
| Personnel costs | -9 641 € | 3 538 € | 44 t€ |
| Equity ratio | -152,7 % | -82,6 % | -48,5 % |
| Quick ratio | 1,45 | 0,49 | 0,45 |
| Current ratio | 1,93 | 0,72 | 0,68 |
| Debt to revenue | 120,3 % | 196,1 % | 73,1 % |
| Balance sheet total | 42 t€ | 61 t€ | 80 t€ |
| Equity | -63 t€ | -51 t€ | -39 t€ |
| Cash and bank | 4 392 € | 0 € | 7 425 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 87 t€ | 57 t€ | 163 t€ |
| Raw materials and services | 19 t€ | -22 t€ | -54 t€ |
| Personnel expenses | 9 641 € | -3 538 € | -44 t€ |
| Depreciations and reductions in value | 6 841 € | -16 t€ | -21 t€ |
| Other operating expenses | 43 t€ | -24 t€ | -31 t€ |
| Operating profit (loss) | 9 054 € | -9 006 € | 13 t€ |
| Financial income and expenses + (-) | 616 € | -2 619 € | -3 661 € |
| Profit (loss) before appropriations and taxes | 8 438 € | -12 t€ | 9 031 € |
| Profit (loss) for the financial year | 8 438 € | -12 t€ | 9 031 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 21 t€ | 48 t€ | 64 t€ |
| Stocks | 5 250 € | 4 200 € | 5 272 € |
| Receivables | 11 t€ | 8 720 € | 3 127 € |
| Cash in hand and at banks | 4 392 € | 0 € | 7 425 € |
| Current assets | 21 t€ | 13 t€ | 16 t€ |
| Assets | 42 t€ | 61 t€ | 80 t€ |
| Capital and reserves | -63 t€ | -51 t€ | -39 t€ |
| Long-term liabilities | 94 t€ | 94 t€ | 96 t€ |
| Short-term liabilities | 11 t€ | 18 t€ | 23 t€ |
| Liabilities | 105 t€ | 112 t€ | 119 t€ |
All financial statement items (47)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 87 t€ | 57 t€ | 163 t€ |
| Raw materials and services | 19 t€ | -22 t€ | -54 t€ |
| Personnel expenses | 9 641 € | -3 538 € | -44 t€ |
| Depreciations and reductions in value | 6 841 € | -16 t€ | -21 t€ |
| Other operating expenses | 43 t€ | -24 t€ | -31 t€ |
| Operating profit (loss) | 9 054 € | -9 006 € | 13 t€ |
| Financial income and expenses + (-) | 616 € | -2 619 € | -3 661 € |
| Profit (loss) before appropriations and taxes | 8 438 € | -12 t€ | 9 031 € |
| Profit (loss) for the financial year | 8 438 € | -12 t€ | 9 031 € |
| Non-current assets | 21 t€ | 48 t€ | 64 t€ |
| Stocks | 5 250 € | 4 200 € | 5 272 € |
| Receivables | 11 t€ | 8 720 € | 3 127 € |
| Cash in hand and at banks | 4 392 € | 0 € | 7 425 € |
| Current assets | 21 t€ | 13 t€ | 16 t€ |
| Assets | 42 t€ | 61 t€ | 80 t€ |
| Capital and reserves | -63 t€ | -51 t€ | -39 t€ |
| Long-term liabilities | 94 t€ | 94 t€ | 96 t€ |
| Short-term liabilities | 11 t€ | 18 t€ | 23 t€ |
| Liabilities | 105 t€ | 112 t€ | 119 t€ |
| Profit (loss) for the period, equity | 8 438 € | -12 t€ | 9 031 € |
| Machinery and equipment | 21 t€ | 48 t€ | 64 t€ |
| Pension expenses | 2 041 € | -897 € | -7 510 € |
| Short-term accounts payable | 2 497 € | 4 258 € | 4 507 € |
| Short-term prepayments and accrued income | 0 € | 360 € | 0 € |
| Liabilities | 42 t€ | 61 t€ | 80 t€ |
| Materials and supplies | 5 250 € | 4 200 € | 5 272 € |
| Other interest and financial income from non-group companies | 17 € | 0 € | – |
| Short-term accrued expenses and deferred income | 0 € | 1 500 € | 83 € |
| Short-term sales receivables | 373 € | 4 242 € | 3 127 € |
| Interest expenses and other financial expenses for non-Group companies | 633 € | -2 619 € | -3 661 € |
| Short-term liabilities to credit institutions | 0 € | 1 008 € | 12 t€ |
| Other current liabilities | 8 367 € | 11 t€ | 6 998 € |
| Long-term receivables | 500 € | 0 € | – |
| Short-term receivables | 11 t€ | 8 720 € | 3 127 € |
| Other long-term receivables | 500 € | 0 € | – |
| Other short-term receivables | 10 t€ | 4 118 € | 0 € |
| Retained earnings | -98 t€ | -87 t€ | -96 t€ |
| Inventory increase (+) or decrease (-) | -1 050 € | -1 072 € | -5 123 € |
| Depreciations according to plan | 6 841 € | -16 t€ | -21 t€ |
| Tangible assets | 21 t€ | 48 t€ | 64 t€ |
| Subordinated loan | 27 t€ | 48 t€ | 48 t€ |
| Services purchased | 394 € | -866 € | -180 € |
| Long-term liabilities to credit institutions | – | 0 € | 1 958 € |
| Other long-term liabilities | 94 t€ | 94 t€ | 94 t€ |
| Purchases during the financial year | 20 t€ | -20 t€ | -49 t€ |
| Other social security expenses | 579 € | -141 € | -848 € |
| Wages and salaries | 7 021 € | -2 500 € | -35 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).