Lohvander Oy is a limited company based in Hanko, registered in 2020. In the financial year ending 31.12.2025, revenue was 121 t€ and operating profit 17 t€; equity ratio 16.5 %. Its taxable income in 2024 was 8 522 € and its income taxes 1 704 €. Public buyers bought 710 € from it in 2023–2023; the largest buyer is Kaupunkiympäristön Toimiala, Helsinki (Helsinki).
Revenue 2025121 t€-6 % on the previous year
Operating profit17 t€13,9 % of revenue
Net profit7 812 €EBITDA 2 357 €
Equity ratio16,5 %quick ratio 0,86
Taxable income 20248 522 €
lower half of its industry
Income taxes 20241 704 €7 870 € in 2021–2024
In business6 yrsregistered 26.10.2020
Sales to public buyers710 €2023–2023
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 121 t€ | 129 t€ | 132 t€ | 100 t€ | 83 t€ |
| Revenue change | -5,9 % | -2,4 % | 31,3 % | 20,7 % | – |
| EBITDA | 2 357 € | 19 t€ | 18 t€ | 17 t€ | 29 t€ |
| EBITDA % | 1,9 % | 14,8 % | 13,6 % | 17,0 % | 35,0 % |
| Operating profit | 17 t€ | 10 t€ | 8 059 € | 3 864 € | 22 t€ |
| Operating margin | 13,9 % | 7,8 % | 6,1 % | 3,9 % | 25,9 % |
| Net profit | 7 812 € | 6 816 € | 5 297 € | 2 083 € | 17 t€ |
| Personnel costs | -30 t€ | 42 t€ | 33 t€ | 42 t€ | 28 t€ |
| Equity ratio | 16,5 % | 55,3 % | 28,7 % | 28,1 % | 45,2 % |
| Quick ratio | 0,86 | 3,29 | 1,15 | 0,85 | 0,73 |
| Current ratio | 0,86 | 3,29 | 1,15 | 0,92 | 0,73 |
| Debt to revenue | 136,4 % | 16,9 % | 41,2 % | 45,6 % | 25,1 % |
| Return on equity | 24,0 % | 25,4 % | 24,3 % | 11,6 % | 100,0 % |
| Balance sheet total | 198 t€ | 49 t€ | 76 t€ | 67 t€ | 38 t€ |
| Equity | 33 t€ | 27 t€ | 22 t€ | 18 t€ | 17 t€ |
| Cash and bank | 17 t€ | 18 t€ | 31 t€ | 20 t€ | 11 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 | |
|---|---|---|---|---|---|
| Turnover | 121 t€ | 129 t€ | 132 t€ | 100 t€ | 83 t€ |
| Other operating income | 11 t€ | 0 € | 968 € | 0 € | – |
| Raw materials and services | 49 t€ | -45 t€ | -69 t€ | -22 t€ | -9 648 € |
| Personnel expenses | 30 t€ | -42 t€ | -33 t€ | -42 t€ | -28 t€ |
| Depreciations and reductions in value | 14 t€ | -8 924 € | -9 900 € | -13 t€ | -7 600 € |
| Other operating expenses | 22 t€ | -23 t€ | -13 t€ | -19 t€ | -16 t€ |
| Operating profit (loss) | 17 t€ | 10 t€ | 8 059 € | 3 864 € | 22 t€ |
| Financial income and expenses + (-) | 7 079 € | -1 557 € | -1 438 € | -1 249 € | -3 € |
| Profit (loss) before appropriations and taxes | 9 761 € | 8 520 € | 6 621 € | 2 614 € | 22 t€ |
| Income taxes | 1 948 € | -1 704 € | -1 324 € | -531 € | -4 310 € |
| Profit (loss) for the financial year | 7 812 € | 6 816 € | 5 297 € | 2 083 € | 17 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 175 t€ | 27 t€ | 30 t€ | 40 t€ | 23 t€ |
| Stocks | – | – | 0 € | 2 066 € | 0 € |
| Receivables | 6 047 € | 3 309 € | 16 t€ | 5 286 € | 3 903 € |
| Cash in hand and at banks | 17 t€ | 18 t€ | 31 t€ | 20 t€ | 11 t€ |
| Current assets | 23 t€ | 22 t€ | 46 t€ | 27 t€ | 15 t€ |
| Assets | 198 t€ | 49 t€ | 76 t€ | 67 t€ | 38 t€ |
| Capital and reserves | 33 t€ | 27 t€ | 22 t€ | 18 t€ | 17 t€ |
| Long-term liabilities | 138 t€ | 15 t€ | 14 t€ | 19 t€ | 0 € |
| Short-term liabilities | 27 t€ | 6 615 € | 40 t€ | 29 t€ | 21 t€ |
| Liabilities | 165 t€ | 22 t€ | 54 t€ | 49 t€ | 21 t€ |
All financial statement items (48)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 121 t€ | 129 t€ | 132 t€ | 100 t€ | 83 t€ |
| Other operating income | 11 t€ | 0 € | 968 € | 0 € | – |
| Raw materials and services | 49 t€ | -45 t€ | -69 t€ | -22 t€ | -9 648 € |
| Personnel expenses | 30 t€ | -42 t€ | -33 t€ | -42 t€ | -28 t€ |
| Depreciations and reductions in value | 14 t€ | -8 924 € | -9 900 € | -13 t€ | -7 600 € |
| Other operating expenses | 22 t€ | -23 t€ | -13 t€ | -19 t€ | -16 t€ |
| Operating profit (loss) | 17 t€ | 10 t€ | 8 059 € | 3 864 € | 22 t€ |
| Financial income and expenses + (-) | 7 079 € | -1 557 € | -1 438 € | -1 249 € | -3 € |
| Profit (loss) before appropriations and taxes | 9 761 € | 8 520 € | 6 621 € | 2 614 € | 22 t€ |
| Income taxes | 1 948 € | -1 704 € | -1 324 € | -531 € | -4 310 € |
| Profit (loss) for the financial year | 7 812 € | 6 816 € | 5 297 € | 2 083 € | 17 t€ |
| Non-current assets | 175 t€ | 27 t€ | 30 t€ | 40 t€ | 23 t€ |
| Stocks | – | – | 0 € | 2 066 € | 0 € |
| Receivables | 6 047 € | 3 309 € | 16 t€ | 5 286 € | 3 903 € |
| Cash in hand and at banks | 17 t€ | 18 t€ | 31 t€ | 20 t€ | 11 t€ |
| Current assets | 23 t€ | 22 t€ | 46 t€ | 27 t€ | 15 t€ |
| Assets | 198 t€ | 49 t€ | 76 t€ | 67 t€ | 38 t€ |
| Capital and reserves | 33 t€ | 27 t€ | 22 t€ | 18 t€ | 17 t€ |
| Long-term liabilities | 138 t€ | 15 t€ | 14 t€ | 19 t€ | 0 € |
| Short-term liabilities | 27 t€ | 6 615 € | 40 t€ | 29 t€ | 21 t€ |
| Liabilities | 165 t€ | 22 t€ | 54 t€ | 49 t€ | 21 t€ |
| Buildings and structures, Owned | 112 t€ | 0 € | – | – | – |
| Purchases during the financial year | 33 t€ | -15 t€ | -51 t€ | -18 t€ | -9 608 € |
| Short-term receivables | 6 047 € | 3 309 € | 16 t€ | 5 286 € | 3 903 € |
| Other short-term receivables | 2 627 € | 1 790 € | 1 € | 1 € | 0 € |
| Profit (loss) for the period, equity | 7 812 € | 6 816 € | 5 297 € | 2 083 € | 17 t€ |
| Tangible assets | 175 t€ | 27 t€ | 30 t€ | 40 t€ | 23 t€ |
| Advance payments | – | – | 0 € | 2 066 € | 0 € |
| Short-term accrued expenses and deferred income | 681 € | 1 173 € | 107 € | 531 € | 4 310 € |
| Interest expenses and other financial expenses for non-Group companies | 7 115 € | -1 577 € | -1 478 € | -1 250 € | -3 € |
| Other long-term liabilities | 0 € | 15 t€ | 0 € | – | – |
| Long-term liabilities to credit institutions | 138 t€ | 0 € | 14 t€ | 19 t€ | 0 € |
| Other social security expenses | 3 198 € | -2 452 € | -2 107 € | -2 240 € | -1 885 € |
| Short-term sales receivables | 3 351 € | 404 € | 12 t€ | 5 285 € | 3 796 € |
| Depreciations according to plan | 14 t€ | -8 924 € | -9 900 € | -13 t€ | -7 600 € |
| Other current liabilities | 19 t€ | 3 562 € | 22 t€ | 19 t€ | 16 t€ |
| Short-term accounts payable | 1 117 € | 1 880 € | 12 t€ | 1 288 € | 174 € |
| Retained earnings | 25 t€ | 20 t€ | 16 t€ | 16 t€ | 0 € |
| Machinery and equipment | 29 t€ | 27 t€ | 30 t€ | 40 t€ | 23 t€ |
| Wages and salaries | 20 t€ | -35 t€ | -26 t€ | -36 t€ | -23 t€ |
| Other interest and financial income from non-group companies | 36 € | 20 € | 40 € | 1 € | 0 € |
| Land and water areas, Owned | 33 t€ | 0 € | – | – | – |
| Short-term liabilities to credit institutions | 6 386 € | 0 € | 5 793 € | 5 793 € | 0 € |
| Pension expenses | 6 440 € | -4 642 € | -3 999 € | -3 853 € | -3 625 € |
| Services purchased | 16 t€ | -29 t€ | -18 t€ | -4 392 € | -40 € |
| Liabilities | 198 t€ | 49 t€ | 76 t€ | 67 t€ | 38 t€ |
| Short-term advances received | – | – | 0 € | 3 155 € | 0 € |
| Short-term prepayments and accrued income | 70 € | 1 115 € | 3 620 € | 0 € | 107 € |
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, Lohvander Oy is in the lower half of the industry class other miscellaneous specialised construction activities n.e.c. (1420 companies with taxable income; median 19 t€).
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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