AlgoMaster Oy is a limited company based in Turku, registered in 2021. In the financial year ending 31.12.2025, revenue was 150 t€ and operating profit 30 t€; equity ratio 90.7 %. Its taxable income in 2024 was 75 t€ and its income taxes 15 t€.
Revenue 2025150 t€-24 % on the previous year
Operating profit30 t€20,2 % of revenue
Net profit27 t€EBITDA 13 t€
Equity ratio90,7 %quick ratio 2,15
Taxable income 202475 t€
upper half of its industry
Income taxes 202415 t€41 t€ in 2021–2024
In business5 yrsregistered 24.5.2021
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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 |
|---|---|---|---|---|---|
| Revenue | 150 t€ | 196 t€ | 129 t€ | 154 t€ | 85 t€ |
| Revenue change | -23,5 % | 51,7 % | -16,1 % | 81,2 % | – |
| EBITDA | 13 t€ | 77 t€ | 37 t€ | 85 t€ | 53 t€ |
| EBITDA % | 8,7 % | 39,3 % | 29,1 % | 55,1 % | 62,5 % |
| Operating profit | 30 t€ | 63 t€ | 20 t€ | 73 t€ | 41 t€ |
| Operating margin | 20,2 % | 32,4 % | 15,4 % | 47,5 % | 48,2 % |
| Net profit | 27 t€ | 58 t€ | 13 t€ | 55 t€ | 32 t€ |
| Personnel costs | -51 t€ | 70 t€ | 42 t€ | 55 t€ | 25 t€ |
| Equity ratio | 90,7 % | 73,1 % | 54,9 % | 58,0 % | 38,8 % |
| Quick ratio | 2,15 | 2,82 | 0,78 | 2,52 | 1,96 |
| Current ratio | 2,15 | 2,82 | 0,78 | 2,52 | 1,96 |
| Debt to revenue | 10,3 % | 25,2 % | 52,7 % | 35,7 % | 59,5 % |
| Return on equity | 17,7 % | 43,0 % | 15,8 % | 72,3 % | 100,0 % |
| Balance sheet total | 165 t€ | 183 t€ | 151 t€ | 131 t€ | 82 t€ |
| Equity | 150 t€ | 134 t€ | 83 t€ | 76 t€ | 32 t€ |
| Cash and bank | 5 883 € | 26 t€ | 13 t€ | 64 t€ | 18 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 | 150 t€ | 196 t€ | 129 t€ | 154 t€ | 85 t€ |
| Raw materials and services | 3 000 € | -9 700 € | -2 400 € | 0 € | – |
| Personnel expenses | 51 t€ | -70 t€ | -42 t€ | -55 t€ | -25 t€ |
| Depreciations and reductions in value | 17 t€ | -13 t€ | -18 t€ | -12 t€ | -12 t€ |
| Other operating expenses | 48 t€ | -39 t€ | -47 t€ | -14 t€ | -7 042 € |
| Operating profit (loss) | 30 t€ | 63 t€ | 20 t€ | 73 t€ | 41 t€ |
| Financial income and expenses + (-) | -3 257 € | 9 487 € | -3 257 € | -4 171 € | -747 € |
| Profit (loss) before appropriations and taxes | 33 t€ | 73 t€ | 17 t€ | 69 t€ | 40 t€ |
| Income taxes | 6 909 € | -15 t€ | -3 437 € | -14 t€ | -8 203 € |
| Profit (loss) for the financial year | 27 t€ | 58 t€ | 13 t€ | 55 t€ | 32 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 132 t€ | 121 t€ | 133 t€ | 35 t€ | 36 t€ |
| Receivables | 16 t€ | 3 641 € | 4 616 € | 14 t€ | 28 t€ |
| Cash in hand and at banks | 5 883 € | 26 t€ | 13 t€ | 64 t€ | 18 t€ |
| Current assets | 33 t€ | 62 t€ | 17 t€ | 95 t€ | 46 t€ |
| Assets | 165 t€ | 183 t€ | 151 t€ | 131 t€ | 82 t€ |
| Capital and reserves | 150 t€ | 134 t€ | 83 t€ | 76 t€ | 32 t€ |
| Long-term liabilities | 0 € | 27 t€ | 45 t€ | 17 t€ | 27 t€ |
| Short-term liabilities | 15 t€ | 22 t€ | 23 t€ | 38 t€ | 23 t€ |
| Liabilities | 15 t€ | 49 t€ | 68 t€ | 55 t€ | 50 t€ |
All financial statement items (45)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 150 t€ | 196 t€ | 129 t€ | 154 t€ | 85 t€ |
| Raw materials and services | 3 000 € | -9 700 € | -2 400 € | 0 € | – |
| Personnel expenses | 51 t€ | -70 t€ | -42 t€ | -55 t€ | -25 t€ |
| Depreciations and reductions in value | 17 t€ | -13 t€ | -18 t€ | -12 t€ | -12 t€ |
| Other operating expenses | 48 t€ | -39 t€ | -47 t€ | -14 t€ | -7 042 € |
| Operating profit (loss) | 30 t€ | 63 t€ | 20 t€ | 73 t€ | 41 t€ |
| Financial income and expenses + (-) | -3 257 € | 9 487 € | -3 257 € | -4 171 € | -747 € |
| Profit (loss) before appropriations and taxes | 33 t€ | 73 t€ | 17 t€ | 69 t€ | 40 t€ |
| Income taxes | 6 909 € | -15 t€ | -3 437 € | -14 t€ | -8 203 € |
| Profit (loss) for the financial year | 27 t€ | 58 t€ | 13 t€ | 55 t€ | 32 t€ |
| Non-current assets | 132 t€ | 121 t€ | 133 t€ | 35 t€ | 36 t€ |
| Receivables | 16 t€ | 3 641 € | 4 616 € | 14 t€ | 28 t€ |
| Cash in hand and at banks | 5 883 € | 26 t€ | 13 t€ | 64 t€ | 18 t€ |
| Current assets | 33 t€ | 62 t€ | 17 t€ | 95 t€ | 46 t€ |
| Assets | 165 t€ | 183 t€ | 151 t€ | 131 t€ | 82 t€ |
| Capital and reserves | 150 t€ | 134 t€ | 83 t€ | 76 t€ | 32 t€ |
| Long-term liabilities | 0 € | 27 t€ | 45 t€ | 17 t€ | 27 t€ |
| Short-term liabilities | 15 t€ | 22 t€ | 23 t€ | 38 t€ | 23 t€ |
| Liabilities | 15 t€ | 49 t€ | 68 t€ | 55 t€ | 50 t€ |
| Reductions in value of shares and holdings in current assets | 2 028 € | -1 422 € | 0 € | -1 532 € | 0 € |
| Other shares and holdings | 11 t€ | 33 t€ | 0 € | 17 t€ | 0 € |
| Profit (loss) for the period, equity | 27 t€ | 58 t€ | 13 t€ | 55 t€ | 32 t€ |
| Shares and holdings | 11 t€ | 33 t€ | 0 € | 17 t€ | 0 € |
| Machinery and equipment | 52 t€ | 40 t€ | 53 t€ | 35 t€ | 36 t€ |
| Long-term accounts payable | 0 € | 27 t€ | 37 t€ | 17 t€ | 27 t€ |
| Other shares and similar rights of ownership | 80 t€ | 80 t€ | 80 t€ | 0 € | – |
| Pension expenses | 4 319 € | -5 606 € | -3 242 € | -1 948 € | -5 285 € |
| Short-term accounts payable | 894 € | 11 t€ | 12 t€ | 11 t€ | 10 t€ |
| Short-term prepayments and accrued income | 1 079 € | 1 305 € | 4 616 € | 1 137 € | 0 € |
| Liabilities | 165 t€ | 183 t€ | 151 t€ | 131 t€ | 82 t€ |
| Short-term accrued expenses and deferred income | 3 472 € | 2 772 € | 0 € | 14 t€ | 8 203 € |
| Short-term sales receivables | 12 t€ | 0 € | 0 € | 13 t€ | 28 t€ |
| Interest expenses and other financial expenses for non-Group companies | 1 490 € | -1 717 € | -3 790 € | -2 902 € | -747 € |
| Other current liabilities | 11 t€ | 8 112 € | 11 t€ | 13 t€ | 5 158 € |
| Short-term receivables | 16 t€ | 3 641 € | 4 616 € | 14 t€ | 28 t€ |
| Retained earnings | 123 t€ | 76 t€ | 70 t€ | 21 t€ | 0 € |
| Other short-term receivables | 2 391 € | 2 336 € | 0 € | – | – |
| Investments | 80 t€ | 80 t€ | 80 t€ | 0 € | – |
| Depreciations according to plan | 17 t€ | -13 t€ | -18 t€ | -12 t€ | -12 t€ |
| Tangible assets | 52 t€ | 40 t€ | 53 t€ | 35 t€ | 36 t€ |
| Services purchased | 3 000 € | -9 700 € | -2 400 € | 0 € | – |
| Other long-term liabilities | – | 0 € | 8 000 € | 0 € | – |
| Other interest and financial income from non-group companies | 6 775 € | 13 t€ | 533 € | 262 € | 0 € |
| Other social security expenses | 5 849 € | -4 017 € | -3 396 € | -3 216 € | -1 388 € |
| Wages and salaries | 41 t€ | -60 t€ | -35 t€ | -50 t€ | -18 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, AlgoMaster Oy is in the upper half of the industry class computer programming activities (3154 companies with taxable income; median 27 t€, 2,7 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.