MAW Kiinteistöt Oy is a limited company based in Sipoo, registered in 2020. In the financial year ending 30.9.2025, operating profit 141 t€; equity ratio 38.3 %. Its taxable income in 2024 was 157 t€ and its income taxes 32 t€. Public buyers bought 2 058 € from it in 2024–2025; the largest buyer is Kulttuurin Ja Vapaa-ajan Toimiala, Helsinki (Helsinki).
Financials
| Key figures | 30.9.2025 | 30.9.2024 | 30.9.2023 |
|---|---|---|---|
| Revenue change | -13,5 % | -7,2 % | – |
| Gross profit | 315 t€ | 364 t€ | 392 t€ |
| EBITDA | 99 t€ | 234 t€ | 258 t€ |
| Operating profit | 141 t€ | 186 t€ | 209 t€ |
| Net profit | 89 t€ | 125 t€ | 142 t€ |
| Personnel costs | -86 t€ | 91 t€ | 90 t€ |
| Equity ratio | 38,3 % | 54,1 % | 46,8 % |
| Quick ratio | 0,13 | 0,46 | 0,54 |
| Current ratio | 0,13 | 0,46 | 0,54 |
| Return on equity | 11,5 % | 16,9 % | 21,2 % |
| Balance sheet total | 2,0 M€ | 1,4 M€ | 1,4 M€ |
| Equity | 771 t€ | 741 t€ | 670 t€ |
| Cash and bank | 34 t€ | 12 t€ | 22 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 30.9.2025 | 30.9.2024 | 30.9.2023 | |
|---|---|---|---|
| Gross profit or loss | 315 t€ | 364 t€ | 392 t€ |
| Personnel expenses | 86 t€ | -91 t€ | -90 t€ |
| Depreciations and reductions in value | 42 t€ | -47 t€ | -49 t€ |
| Other operating expenses | 46 t€ | -40 t€ | -44 t€ |
| Operating profit (loss) | 141 t€ | 186 t€ | 209 t€ |
| Financial income and expenses + (-) | 30 t€ | -29 t€ | -31 t€ |
| Profit (loss) before appropriations and taxes | 111 t€ | 157 t€ | 178 t€ |
| Income taxes | 22 t€ | -31 t€ | -36 t€ |
| Profit (loss) for the financial year | 89 t€ | 125 t€ | 142 t€ |
Balance sheet
| 30.9.2025 | 30.9.2024 | 30.9.2023 | |
|---|---|---|---|
| Non-current assets | 2,0 M€ | 1,3 M€ | 1,3 M€ |
| Receivables | 18 t€ | 108 t€ | 131 t€ |
| Cash in hand and at banks | 34 t€ | 12 t€ | 22 t€ |
| Current assets | 52 t€ | 120 t€ | 153 t€ |
| Assets | 2,0 M€ | 1,4 M€ | 1,4 M€ |
| Capital and reserves | 771 t€ | 741 t€ | 670 t€ |
| Long-term liabilities | 849 t€ | 370 t€ | 478 t€ |
| Short-term liabilities | 397 t€ | 262 t€ | 283 t€ |
| Liabilities | 1,2 M€ | 632 t€ | 761 t€ |
All financial statement items (46)
| 30.9.2025 | 30.9.2024 | 30.9.2023 | |
|---|---|---|---|
| Gross profit or loss | 315 t€ | 364 t€ | 392 t€ |
| Personnel expenses | 86 t€ | -91 t€ | -90 t€ |
| Depreciations and reductions in value | 42 t€ | -47 t€ | -49 t€ |
| Other operating expenses | 46 t€ | -40 t€ | -44 t€ |
| Operating profit (loss) | 141 t€ | 186 t€ | 209 t€ |
| Financial income and expenses + (-) | 30 t€ | -29 t€ | -31 t€ |
| Profit (loss) before appropriations and taxes | 111 t€ | 157 t€ | 178 t€ |
| Income taxes | 22 t€ | -31 t€ | -36 t€ |
| Profit (loss) for the financial year | 89 t€ | 125 t€ | 142 t€ |
| Non-current assets | 2,0 M€ | 1,3 M€ | 1,3 M€ |
| Receivables | 18 t€ | 108 t€ | 131 t€ |
| Cash in hand and at banks | 34 t€ | 12 t€ | 22 t€ |
| Current assets | 52 t€ | 120 t€ | 153 t€ |
| Assets | 2,0 M€ | 1,4 M€ | 1,4 M€ |
| Capital and reserves | 771 t€ | 741 t€ | 670 t€ |
| Long-term liabilities | 849 t€ | 370 t€ | 478 t€ |
| Short-term liabilities | 397 t€ | 262 t€ | 283 t€ |
| Liabilities | 1,2 M€ | 632 t€ | 761 t€ |
| Advance payments and construction in progress | 653 t€ | 0 € | – |
| Other social security expenses | 3 720 € | -496 € | -2 275 € |
| Other interest and financial income from non-group companies | 2 914 € | 238 € | 0 € |
| Short-term accrued expenses and deferred income | 198 € | 4 550 € | 43 t€ |
| Tangible assets | 2,0 M€ | 1,3 M€ | 1,3 M€ |
| Pension expenses | 4 921 € | -7 554 € | -5 453 € |
| Reserve for invested non-restricted equity | 219 t€ | 219 t€ | 219 t€ |
| Other long-term liabilities | 220 t€ | 220 t€ | 220 t€ |
| Other tangible assets | 0 € | 3 010 € | 9 028 € |
| Short-term liabilities to credit institutions | 104 t€ | 107 t€ | 141 t€ |
| Long-term liabilities to credit institutions | 629 t€ | 150 t€ | 258 t€ |
| Liabilities | 2,0 M€ | 1,4 M€ | 1,4 M€ |
| Machinery and equipment | 1 500 € | 0 € | – |
| Short-term loan receivables | 0 € | 10 t€ | 0 € |
| Wages and salaries | 77 t€ | -83 t€ | -82 t€ |
| Buildings and structures, Owned | 517 t€ | 555 t€ | 574 t€ |
| Other short-term receivables | 4 € | 0 € | 36 t€ |
| Short-term prepayments and accrued income | 16 t€ | 23 t€ | 13 t€ |
| Short-term sales receivables | 2 431 € | 76 t€ | 83 t€ |
| Short-term advances received | 2 080 € | 2 080 € | 0 € |
| Profit (loss) for the period, equity | 89 t€ | 125 t€ | 142 t€ |
| Land and water areas, Owned | 793 t€ | 695 t€ | 695 t€ |
| Other current liabilities | 270 t€ | 146 t€ | 87 t€ |
| Interest expenses and other financial expenses for non-Group companies | 33 t€ | -30 t€ | -31 t€ |
| Retained earnings | 463 t€ | 397 t€ | 310 t€ |
| Short-term accounts payable | 21 t€ | 1 864 € | 12 t€ |
| Depreciations according to plan | 42 t€ | -47 t€ | -49 t€ |
| Short-term receivables | 18 t€ | 108 t€ | 131 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
Measured by taxable income, MAW Kiinteistöt Oy is in the top 10 % of the industry class operating of own or leased dwellings and residential real estate (818 companies with taxable income; median 9 959 €, 16 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.
Sales to public buyers
Largest buyers
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