T.P.H Welding Oy is a limited company based in Turku, registered in 2021. In the financial year ending 31.12.2025, revenue was 64 t€ and operating profit 11 t€; equity ratio 49.8 %.
Revenue 202564 t€-8 % on the previous year
Operating profit11 t€16,6 % of revenue
Net profit6 406 €EBITDA 8 000 €
Equity ratio49,8 %quick ratio 1,11
In business5 yrsregistered 6.4.2021
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 64 t€ | 69 t€ | 199 t€ | 135 t€ |
| Revenue change | -8,0 % | -65,2 % | 47,4 % | – |
| EBITDA | 8 000 € | 496 € | 12 t€ | 6 434 € |
| EBITDA % | 12,6 % | 0,7 % | 5,9 % | 4,8 % |
| Operating profit | 11 t€ | -2 601 € | 6 651 € | 4 084 € |
| Operating margin | 16,6 % | -3,8 % | 3,3 % | 3,0 % |
| Net profit | 6 406 € | -6 238 € | 4 326 € | 2 447 € |
| Personnel costs | -36 t€ | 37 t€ | 141 t€ | 93 t€ |
| Equity ratio | 49,8 % | 16,3 % | 36,5 % | 11,8 % |
| Quick ratio | 1,11 | 0,50 | 0,70 | 0,95 |
| Current ratio | 1,50 | 0,74 | 0,70 | 0,95 |
| Debt to revenue | 15,1 % | 23,2 % | 8,2 % | 28,0 % |
| Return on equity | 67,2 % | -199,5 % | 46,2 % | 48,6 % |
| Balance sheet total | 19 t€ | 19 t€ | 26 t€ | 43 t€ |
| Equity | 9 533 € | 3 127 € | 9 365 € | 5 039 € |
| Cash and bank | 1 579 € | 71 € | 3 503 € | 10 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 | |
|---|---|---|---|---|
| Turnover | 64 t€ | 69 t€ | 199 t€ | 135 t€ |
| Raw materials and services | 701 € | -801 € | -3 177 € | -2 646 € |
| Personnel expenses | 36 t€ | -37 t€ | -141 t€ | -93 t€ |
| Depreciations and reductions in value | 2 573 € | -3 097 € | -5 062 € | -2 350 € |
| Other operating expenses | 14 t€ | -31 t€ | -43 t€ | -33 t€ |
| Operating profit (loss) | 11 t€ | -2 601 € | 6 651 € | 4 084 € |
| Financial income and expenses + (-) | 1 772 € | -2 976 € | -1 647 € | -888 € |
| Profit (loss) before appropriations and taxes | 8 801 € | -5 576 € | 5 004 € | 3 196 € |
| Income taxes | 2 395 € | -662 € | -678 € | -749 € |
| Profit (loss) for the financial year | 6 406 € | -6 238 € | 4 326 € | 2 447 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 4 718 € | 7 291 € | 14 t€ | 7 050 € |
| Stocks | 3 800 € | 3 800 € | 0 € | – |
| Receivables | 9 056 € | 8 034 € | 7 956 € | 26 t€ |
| Cash in hand and at banks | 1 579 € | 71 € | 3 503 € | 10 t€ |
| Current assets | 14 t€ | 12 t€ | 11 t€ | 36 t€ |
| Assets | 19 t€ | 19 t€ | 26 t€ | 43 t€ |
| Capital and reserves | 9 533 € | 3 127 € | 9 365 € | 5 039 € |
| Short-term liabilities | 9 620 € | 16 t€ | 16 t€ | 38 t€ |
| Liabilities | 9 620 € | 16 t€ | 16 t€ | 38 t€ |
All financial statement items (42)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 64 t€ | 69 t€ | 199 t€ | 135 t€ |
| Raw materials and services | 701 € | -801 € | -3 177 € | -2 646 € |
| Personnel expenses | 36 t€ | -37 t€ | -141 t€ | -93 t€ |
| Depreciations and reductions in value | 2 573 € | -3 097 € | -5 062 € | -2 350 € |
| Other operating expenses | 14 t€ | -31 t€ | -43 t€ | -33 t€ |
| Operating profit (loss) | 11 t€ | -2 601 € | 6 651 € | 4 084 € |
| Financial income and expenses + (-) | 1 772 € | -2 976 € | -1 647 € | -888 € |
| Profit (loss) before appropriations and taxes | 8 801 € | -5 576 € | 5 004 € | 3 196 € |
| Income taxes | 2 395 € | -662 € | -678 € | -749 € |
| Profit (loss) for the financial year | 6 406 € | -6 238 € | 4 326 € | 2 447 € |
| Non-current assets | 4 718 € | 7 291 € | 14 t€ | 7 050 € |
| Stocks | 3 800 € | 3 800 € | 0 € | – |
| Receivables | 9 056 € | 8 034 € | 7 956 € | 26 t€ |
| Cash in hand and at banks | 1 579 € | 71 € | 3 503 € | 10 t€ |
| Current assets | 14 t€ | 12 t€ | 11 t€ | 36 t€ |
| Assets | 19 t€ | 19 t€ | 26 t€ | 43 t€ |
| Capital and reserves | 9 533 € | 3 127 € | 9 365 € | 5 039 € |
| Short-term liabilities | 9 620 € | 16 t€ | 16 t€ | 38 t€ |
| Liabilities | 9 620 € | 16 t€ | 16 t€ | 38 t€ |
| Intangible assets | 0 € | 1 000 € | 2 000 € | 3 000 € |
| Profit (loss) for the period, equity | 6 406 € | -6 238 € | 4 326 € | 2 447 € |
| Machinery and equipment | 4 718 € | 6 291 € | 12 t€ | 4 050 € |
| Pension expenses | 7 219 € | -9 238 € | -20 t€ | -12 t€ |
| Short-term loan receivables | 6 895 € | 1 046 € | 0 € | – |
| Short-term accounts payable | 466 € | 11 t€ | 7 638 € | 3 625 € |
| Short-term prepayments and accrued income | 815 € | 2 171 € | 1 266 € | 1 628 € |
| Liabilities | 19 t€ | 19 t€ | 26 t€ | 43 t€ |
| Goodwill | 0 € | 1 000 € | 2 000 € | 3 000 € |
| Finished products | 3 800 € | 3 800 € | 0 € | – |
| Short-term accrued expenses and deferred income | 2 862 € | 0 € | 0 € | 6 645 € |
| Short-term sales receivables | 1 347 € | 4 317 € | 6 190 € | 22 t€ |
| Interest expenses and other financial expenses for non-Group companies | 1 772 € | -2 976 € | -1 647 € | -888 € |
| Other current liabilities | 6 293 € | 5 523 € | 8 644 € | 27 t€ |
| Short-term receivables | 9 056 € | 8 034 € | 7 956 € | 26 t€ |
| Other short-term receivables | 0 € | 500 € | 500 € | 2 410 € |
| Retained earnings | 3 127 € | 9 365 € | 5 039 € | 2 592 € |
| Inventory increase (+) or decrease (-) | 0 € | 3 800 € | 0 € | – |
| Depreciations according to plan | 2 573 € | -3 097 € | -5 062 € | -2 350 € |
| Tangible assets | 4 718 € | 6 291 € | 12 t€ | 4 050 € |
| Purchases during the financial year | 701 € | -4 601 € | -3 177 € | -2 646 € |
| Other social security expenses | 1 574 € | -2 159 € | -5 781 € | -3 114 € |
| Wages and salaries | 27 t€ | -26 t€ | -115 t€ | -78 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.