Luxor Kiinteistöt Oy is a limited company based in Mikkeli, registered in 2020. In the financial year ending 31.12.2025, revenue was 385 t€ and operating profit 233 t€; equity ratio 45.9 %. Its taxable income in 2024 was 175 t€ and its income taxes 36 t€.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 385 t€ | 273 t€ | 167 t€ | 62 t€ |
| Revenue change | 40,8 % | 63,5 % | 170,4 % | – |
| EBITDA | 233 t€ | 211 t€ | 128 t€ | 24 t€ |
| EBITDA % | 60,6 % | 77,0 % | 76,6 % | 38,7 % |
| Operating profit | 233 t€ | 211 t€ | 128 t€ | 25 t€ |
| Operating margin | 60,6 % | 77,0 % | 76,6 % | 41,1 % |
| Net profit | 174 t€ | 163 t€ | 89 t€ | 20 t€ |
| Equity ratio | 45,9 % | 37,1 % | 19,5 % | 41,3 % |
| Quick ratio | 0,10 | 0,12 | 0,04 | 0,47 |
| Current ratio | 0,10 | 0,28 | 0,23 | 0,47 |
| Debt to revenue | 129,9 % | 166,4 % | 259,4 % | 388,8 % |
| Return on equity | 40,9 % | 60,8 % | 84,6 % | 12,0 % |
| Balance sheet total | 925 t€ | 724 t€ | 539 t€ | 409 t€ |
| Equity | 425 t€ | 269 t€ | 105 t€ | 169 t€ |
| Cash and bank | 27 t€ | 15 t€ | 6 735 € | 8 998 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 385 t€ | 273 t€ | 167 t€ | 62 t€ |
| Raw materials and services | 47 t€ | 3 208 € | 1 674 € | 7 160 € |
| Depreciations and reductions in value | – | – | 0 € | 1 478 € |
| Other operating expenses | 104 t€ | 60 t€ | 37 t€ | 28 t€ |
| Operating profit (loss) | 233 t€ | 211 t€ | 128 t€ | 25 t€ |
| Financial income and expenses + (-) | 15 t€ | 14 t€ | 11 t€ | 0 € |
| Profit (loss) before appropriations and taxes | 218 t€ | 196 t€ | 117 t€ | 25 t€ |
| Income taxes | 44 t€ | 33 t€ | 28 t€ | 5 079 € |
| Profit (loss) for the financial year | 174 t€ | 163 t€ | 89 t€ | 20 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 893 t€ | 651 t€ | 487 t€ | 402 t€ |
| Stocks | 0 € | 43 t€ | 43 t€ | 0 € |
| Receivables | 4 377 € | 15 t€ | 2 489 € | -1 645 € |
| Cash in hand and at banks | 27 t€ | 15 t€ | 6 735 € | 8 998 € |
| Current assets | 31 t€ | 73 t€ | 52 t€ | 7 353 € |
| Assets | 925 t€ | 724 t€ | 539 t€ | 409 t€ |
| Capital and reserves | 425 t€ | 269 t€ | 105 t€ | 169 t€ |
| Long-term liabilities | 188 t€ | 199 t€ | 206 t€ | 225 t€ |
| Short-term liabilities | 312 t€ | 256 t€ | 227 t€ | 16 t€ |
| Liabilities | 500 t€ | 455 t€ | 434 t€ | 240 t€ |
All financial statement items (44)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 385 t€ | 273 t€ | 167 t€ | 62 t€ |
| Raw materials and services | 47 t€ | 3 208 € | 1 674 € | 7 160 € |
| Depreciations and reductions in value | – | – | 0 € | 1 478 € |
| Other operating expenses | 104 t€ | 60 t€ | 37 t€ | 28 t€ |
| Operating profit (loss) | 233 t€ | 211 t€ | 128 t€ | 25 t€ |
| Financial income and expenses + (-) | 15 t€ | 14 t€ | 11 t€ | 0 € |
| Profit (loss) before appropriations and taxes | 218 t€ | 196 t€ | 117 t€ | 25 t€ |
| Income taxes | 44 t€ | 33 t€ | 28 t€ | 5 079 € |
| Profit (loss) for the financial year | 174 t€ | 163 t€ | 89 t€ | 20 t€ |
| Non-current assets | 893 t€ | 651 t€ | 487 t€ | 402 t€ |
| Stocks | 0 € | 43 t€ | 43 t€ | 0 € |
| Receivables | 4 377 € | 15 t€ | 2 489 € | -1 645 € |
| Cash in hand and at banks | 27 t€ | 15 t€ | 6 735 € | 8 998 € |
| Current assets | 31 t€ | 73 t€ | 52 t€ | 7 353 € |
| Assets | 925 t€ | 724 t€ | 539 t€ | 409 t€ |
| Capital and reserves | 425 t€ | 269 t€ | 105 t€ | 169 t€ |
| Long-term liabilities | 188 t€ | 199 t€ | 206 t€ | 225 t€ |
| Short-term liabilities | 312 t€ | 256 t€ | 227 t€ | 16 t€ |
| Liabilities | 500 t€ | 455 t€ | 434 t€ | 240 t€ |
| Depreciations according to plan | – | – | 0 € | 1 478 € |
| Tangible assets | – | 651 t€ | 487 t€ | 38 t€ |
| Retained earnings | 251 t€ | 105 t€ | 16 t€ | 33 t€ |
| Short-term receivables | 4 377 € | 15 t€ | 2 489 € | -1 645 € |
| Other current liabilities | 258 t€ | 208 t€ | 198 t€ | 0 € |
| Short-term sales receivables | 2 949 € | 13 t€ | 0 € | – |
| Interest expenses and other financial expenses for non-Group companies | 15 t€ | 14 t€ | 11 t€ | 0 € |
| Other interest and financial income from non-group companies | 0 € | 0 € | 0 € | – |
| Short-term accounts payable | 3 699 € | 4 155 € | 0 € | – |
| Other long-term liabilities | – | – | 0 € | 36 € |
| Short-term accrued expenses and deferred income | 40 t€ | 35 t€ | 20 t€ | 16 t€ |
| Intangible assets | – | – | 0 € | 275 € |
| Profit (loss) for the period, equity | 174 t€ | 163 t€ | 89 t€ | 20 t€ |
| Investments | 893 t€ | 651 t€ | 0 € | 363 t€ |
| Purchases during the financial year | 56 € | 2 518 € | 680 € | 7 160 € |
| Other short-term receivables | 1 428 € | 2 489 € | 2 489 € | -1 645 € |
| Long-term liabilities to credit institutions | 188 t€ | 199 t€ | 206 t€ | 225 t€ |
| Services purchased | 4 520 € | 690 € | 994 € | 0 € |
| Intangible rights | – | – | 0 € | 275 € |
| Buildings and structures, Owned | – | 651 t€ | 487 t€ | 38 t€ |
| Liabilities | 925 t€ | 724 t€ | 539 t€ | 409 t€ |
| Other stocks | 0 € | 43 t€ | 43 t€ | 0 € |
| Inventory increase (+) or decrease (-) | 43 t€ | 0 € | – | – |
| Other shares and similar rights of ownership | 893 t€ | 651 t€ | 0 € | 363 t€ |
| Short-term liabilities to credit institutions | 10 t€ | 8 584 € | 8 710 € | 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, Luxor Kiinteistöt Oy is in the top 10 % of the industry class rental of own or leased dwellings and residential real estate (1362 companies with taxable income; median 9 263 €, 19 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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