Health Education Group Oy is a limited company based in Oulu, registered in 2020. In the financial year ending 31.12.2025, revenue was 194 t€ and operating profit 20 t€; equity ratio 50.9 %.
Revenue 2025194 t€-5 % on the previous year
Operating profit20 t€10,5 % of revenue
Net profit16 t€EBITDA 20 t€
Equity ratio50,9 %quick ratio 2,04
In business6 yrsregistered 20.2.2020
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 194 t€ | 204 t€ | 223 t€ | 154 t€ | 142 t€ | 82 t€ |
| Revenue change | -4,8 % | -8,5 % | 44,4 % | 8,6 % | 73,0 % | – |
| EBITDA | 20 t€ | -36 t€ | 5 630 € | -3 752 € | 9 778 € | 20 t€ |
| EBITDA % | 10,5 % | -17,5 % | 2,5 % | -2,4 % | 6,9 % | 24,8 % |
| Operating profit | 20 t€ | -38 t€ | -2 370 € | -5 752 € | 7 778 € | 18 t€ |
| Operating margin | 10,5 % | -18,5 % | -1,1 % | -3,7 % | 5,5 % | 22,4 % |
| Net profit | 16 t€ | -38 t€ | -2 370 € | -5 751 € | 6 192 € | 15 t€ |
| Equity ratio | 50,9 % | 42,8 % | 86,4 % | 61,7 % | 72,6 % | 74,0 % |
| Quick ratio | 2,04 | 1,75 | 4,16 | 2,36 | 3,18 | 3,08 |
| Current ratio | 2,04 | 1,75 | 4,16 | 2,36 | 3,18 | 3,08 |
| Debt to revenue | 10,9 % | 5,9 % | 3,6 % | 10,4 % | 9,1 % | 12,7 % |
| Return on equity | 72,1 % | -423,8 % | -4,6 % | -22,4 % | 18,2 % | 49,5 % |
| Balance sheet total | 43 t€ | 21 t€ | 60 t€ | 42 t€ | 47 t€ | 40 t€ |
| Equity | 22 t€ | 9 074 € | 52 t€ | 26 t€ | 34 t€ | 30 t€ |
| Cash and bank | 17 t€ | -9 804 € | 289 € | 5 219 € | 17 t€ | 15 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 194 t€ | 204 t€ | 223 t€ | 154 t€ | 142 t€ | 82 t€ |
| Other operating income | 3 250 € | 30 t€ | 0 € | – | 0 € | 32 t€ |
| Raw materials and services | 114 t€ | -195 t€ | -172 t€ | -122 t€ | -93 t€ | -64 t€ |
| Depreciations and reductions in value | 0 € | -2 000 € | -8 000 € | -2 000 € | -2 000 € | -2 000 € |
| Other operating expenses | 63 t€ | -75 t€ | -45 t€ | -36 t€ | -39 t€ | -29 t€ |
| Operating profit (loss) | 20 t€ | -38 t€ | -2 370 € | -5 752 € | 7 778 € | 18 t€ |
| Financial income and expenses + (-) | 650 € | -720 € | 0 € | 0 € | -10 € | 0 € |
| Profit (loss) before appropriations and taxes | 20 t€ | -38 t€ | -2 370 € | -5 752 € | 7 768 € | 18 t€ |
| Income taxes | 3 929 € | 0 € | 0 € | 1 € | -1 577 € | -3 671 € |
| Profit (loss) for the financial year | 16 t€ | -38 t€ | -2 370 € | -5 751 € | 6 192 € | 15 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | – | 0 € | 26 t€ | 4 000 € | 6 000 € | 8 000 € |
| Receivables | 25 t€ | 31 t€ | 33 t€ | 32 t€ | 24 t€ | 17 t€ |
| Cash in hand and at banks | 17 t€ | -9 804 € | 289 € | 5 219 € | 17 t€ | 15 t€ |
| Current assets | 43 t€ | 21 t€ | 34 t€ | 38 t€ | 41 t€ | 32 t€ |
| Assets | 43 t€ | 21 t€ | 60 t€ | 42 t€ | 47 t€ | 40 t€ |
| Capital and reserves | 22 t€ | 9 074 € | 52 t€ | 26 t€ | 34 t€ | 30 t€ |
| Short-term liabilities | 21 t€ | 12 t€ | 8 112 € | 16 t€ | 13 t€ | 10 t€ |
| Liabilities | 21 t€ | 12 t€ | 8 112 € | 16 t€ | 13 t€ | 10 t€ |
All financial statement items (36)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 194 t€ | 204 t€ | 223 t€ | 154 t€ | 142 t€ | 82 t€ |
| Other operating income | 3 250 € | 30 t€ | 0 € | – | 0 € | 32 t€ |
| Raw materials and services | 114 t€ | -195 t€ | -172 t€ | -122 t€ | -93 t€ | -64 t€ |
| Depreciations and reductions in value | 0 € | -2 000 € | -8 000 € | -2 000 € | -2 000 € | -2 000 € |
| Other operating expenses | 63 t€ | -75 t€ | -45 t€ | -36 t€ | -39 t€ | -29 t€ |
| Operating profit (loss) | 20 t€ | -38 t€ | -2 370 € | -5 752 € | 7 778 € | 18 t€ |
| Financial income and expenses + (-) | 650 € | -720 € | 0 € | 0 € | -10 € | 0 € |
| Profit (loss) before appropriations and taxes | 20 t€ | -38 t€ | -2 370 € | -5 752 € | 7 768 € | 18 t€ |
| Income taxes | 3 929 € | 0 € | 0 € | 1 € | -1 577 € | -3 671 € |
| Profit (loss) for the financial year | 16 t€ | -38 t€ | -2 370 € | -5 751 € | 6 192 € | 15 t€ |
| Non-current assets | – | 0 € | 26 t€ | 4 000 € | 6 000 € | 8 000 € |
| Receivables | 25 t€ | 31 t€ | 33 t€ | 32 t€ | 24 t€ | 17 t€ |
| Cash in hand and at banks | 17 t€ | -9 804 € | 289 € | 5 219 € | 17 t€ | 15 t€ |
| Current assets | 43 t€ | 21 t€ | 34 t€ | 38 t€ | 41 t€ | 32 t€ |
| Assets | 43 t€ | 21 t€ | 60 t€ | 42 t€ | 47 t€ | 40 t€ |
| Capital and reserves | 22 t€ | 9 074 € | 52 t€ | 26 t€ | 34 t€ | 30 t€ |
| Short-term liabilities | 21 t€ | 12 t€ | 8 112 € | 16 t€ | 13 t€ | 10 t€ |
| Liabilities | 21 t€ | 12 t€ | 8 112 € | 16 t€ | 13 t€ | 10 t€ |
| Services purchased | 114 t€ | -193 t€ | -171 t€ | -122 t€ | -92 t€ | -63 t€ |
| Retained earnings | -38 t€ | 3 279 € | 9 782 € | 17 t€ | 14 t€ | 0 € |
| Reserve for invested non-restricted equity | 44 t€ | 44 t€ | 44 t€ | 14 t€ | 14 t€ | 15 t€ |
| Other current liabilities | 3 902 € | 4 058 € | 1 245 € | 4 191 € | 130 € | 1 249 € |
| Profit (loss) for the period, equity | 16 t€ | -38 t€ | -2 370 € | -5 918 € | 6 192 € | 15 t€ |
| Other short-term receivables | 0 € | 1 € | 3 452 € | 0 € | 0 € | 3 816 € |
| Depreciations according to plan | 0 € | -2 000 € | -8 000 € | -2 000 € | -2 000 € | -2 000 € |
| Short-term accounts payable | 13 t€ | 8 037 € | 6 867 € | 12 t€ | 13 t€ | 9 162 € |
| Purchases during the financial year | 244 € | -2 262 € | -811 € | -64 € | -883 € | -1 301 € |
| Short-term sales receivables | 21 t€ | 30 t€ | 28 t€ | 32 t€ | 22 t€ | 2 682 € |
| Interest expenses and other financial expenses for non-Group companies | 650 € | -721 € | 0 € | -18 € | -11 € | 0 € |
| Other interest and financial income from non-group companies | 0 € | 1 € | 0 € | 18 € | 1 € | 0 € |
| Intangible assets | – | 0 € | 26 t€ | 4 000 € | 6 000 € | 8 000 € |
| Short-term accrued expenses and deferred income | 4 077 € | 12 € | 0 € | – | – | – |
| Short-term receivables | 25 t€ | 31 t€ | 33 t€ | 32 t€ | 24 t€ | 17 t€ |
| Goodwill | – | 0 € | 26 t€ | 4 000 € | 6 000 € | 8 000 € |
| Short-term prepayments and accrued income | 4 781 € | 514 € | 1 799 € | 195 € | 1 897 € | 10 t€ |
| Liabilities | 43 t€ | 21 t€ | 60 t€ | 42 t€ | 47 t€ | 40 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.