Elovest Oy is a limited company based in Masku, registered in 2020. In the financial year ending 31.12.2025, revenue was 90 t€ and operating profit 669 €; equity ratio 88.7 %. Its taxable income in 2024 was 49 t€ and its income taxes 9 821 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 90 t€ | 90 t€ | 85 t€ |
| Revenue change | 0,7 % | 4,9 % | – |
| EBITDA | -648 € | 48 t€ | 29 t€ |
| EBITDA % | -0,7 % | 53,9 % | 33,6 % |
| Operating profit | 669 € | 48 t€ | 29 t€ |
| Operating margin | 0,7 % | 53,1 % | 33,6 % |
| Net profit | 514 € | 38 t€ | 23 t€ |
| Equity ratio | 88,7 % | 88,2 % | 79,6 % |
| Quick ratio | 8,46 | 8,28 | 4,90 |
| Current ratio | 8,46 | 8,28 | 4,90 |
| Debt to revenue | 10,7 % | 12,2 % | 14,2 % |
| Return on equity | 0,7 % | 47,0 % | 48,5 % |
| Balance sheet total | 85 t€ | 93 t€ | 59 t€ |
| Equity | 76 t€ | 82 t€ | 47 t€ |
| Cash and bank | 54 t€ | 42 t€ | 51 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 90 t€ | 90 t€ | 85 t€ |
| Other operating income | 490 € | 0 € | – |
| Raw materials and services | 51 t€ | -20 t€ | -40 t€ |
| Depreciations and reductions in value | 1 316 € | -706 € | 0 € |
| Other operating expenses | 37 t€ | -22 t€ | -16 t€ |
| Operating profit (loss) | 669 € | 48 t€ | 29 t€ |
| Financial income and expenses + (-) | -369 € | 723 € | -33 € |
| Profit (loss) before appropriations and taxes | 1 038 € | 48 t€ | 29 t€ |
| Income taxes | 524 € | -9 821 € | -5 766 € |
| Profit (loss) for the financial year | 514 € | 38 t€ | 23 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 3 949 € | 2 127 € | 10 € |
| Receivables | 27 t€ | 49 t€ | 7 921 € |
| Cash in hand and at banks | 54 t€ | 42 t€ | 51 t€ |
| Current assets | 81 t€ | 91 t€ | 59 t€ |
| Assets | 85 t€ | 93 t€ | 59 t€ |
| Capital and reserves | 76 t€ | 82 t€ | 47 t€ |
| Short-term liabilities | 9 626 € | 11 t€ | 12 t€ |
| Liabilities | 9 626 € | 11 t€ | 12 t€ |
All financial statement items (37)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 90 t€ | 90 t€ | 85 t€ |
| Other operating income | 490 € | 0 € | – |
| Raw materials and services | 51 t€ | -20 t€ | -40 t€ |
| Depreciations and reductions in value | 1 316 € | -706 € | 0 € |
| Other operating expenses | 37 t€ | -22 t€ | -16 t€ |
| Operating profit (loss) | 669 € | 48 t€ | 29 t€ |
| Financial income and expenses + (-) | -369 € | 723 € | -33 € |
| Profit (loss) before appropriations and taxes | 1 038 € | 48 t€ | 29 t€ |
| Income taxes | 524 € | -9 821 € | -5 766 € |
| Profit (loss) for the financial year | 514 € | 38 t€ | 23 t€ |
| Non-current assets | 3 949 € | 2 127 € | 10 € |
| Receivables | 27 t€ | 49 t€ | 7 921 € |
| Cash in hand and at banks | 54 t€ | 42 t€ | 51 t€ |
| Current assets | 81 t€ | 91 t€ | 59 t€ |
| Assets | 85 t€ | 93 t€ | 59 t€ |
| Capital and reserves | 76 t€ | 82 t€ | 47 t€ |
| Short-term liabilities | 9 626 € | 11 t€ | 12 t€ |
| Liabilities | 9 626 € | 11 t€ | 12 t€ |
| Depreciations according to plan | 1 316 € | -706 € | 0 € |
| Tangible assets | 3 949 € | 2 117 € | 0 € |
| Retained earnings | 75 t€ | 43 t€ | 24 t€ |
| Short-term receivables | 27 t€ | 49 t€ | 7 921 € |
| Other current liabilities | 4 035 € | 2 716 € | 730 € |
| Short-term sales receivables | 18 t€ | 42 t€ | 1 414 € |
| Short-term prepayments and accrued income | 9 577 € | 6 775 € | 6 507 € |
| Other interest and financial income from non-group companies | 491 € | 1 467 € | 165 € |
| Interest expenses and other financial expenses for non-Group companies | 122 € | -744 € | -198 € |
| Short-term accounts payable | 2 193 € | 4 914 € | 5 606 € |
| Short-term accrued expenses and deferred income | 3 398 € | 3 314 € | 5 766 € |
| Profit (loss) for the period, equity | 514 € | 38 t€ | 23 t€ |
| Investments | 0 € | 10 € | 10 € |
| Purchases during the financial year | 37 t€ | -11 t€ | -23 t€ |
| Other short-term receivables | 2 € | 0 € | – |
| Services purchased | 14 t€ | -8 593 € | -17 t€ |
| Liabilities | 85 t€ | 93 t€ | 59 t€ |
| Other shares and similar rights of ownership | 0 € | 10 € | 10 € |
| Machinery and equipment | 3 949 € | 2 117 € | 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, Elovest Oy is in the top quarter of the industry class rental of own or leased dwellings and residential real estate (1362 companies with taxable income; median 9 263 €, 5,3 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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