Whitewater Magpie Oy is a limited company based in Kangasala, registered in 2021. In the financial year ending 31.12.2025, revenue was 144 t€ and operating profit 45 t€; equity ratio 87.4 %. Its taxable income in 2024 was 40 t€ and its income taxes 7 969 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 144 t€ | 141 t€ | 139 t€ |
| Revenue change | 2,2 % | 1,4 % | – |
| EBITDA | 37 t€ | 42 t€ | 44 t€ |
| EBITDA % | 25,6 % | 29,5 % | 31,8 % |
| Operating profit | 45 t€ | 30 t€ | 44 t€ |
| Operating margin | 31,4 % | 21,5 % | 31,2 % |
| Net profit | 28 t€ | 25 t€ | 36 t€ |
| Personnel costs | -37 t€ | 37 t€ | 54 t€ |
| Equity ratio | 87,4 % | 91,8 % | 97,5 % |
| Quick ratio | 5,61 | 8,59 | 38,58 |
| Current ratio | 5,61 | 8,59 | 38,58 |
| Debt to revenue | 11,3 % | 6,2 % | 1,3 % |
| Return on equity | 25,1 % | 24,8 % | 49,6 % |
| Balance sheet total | 130 t€ | 108 t€ | 74 t€ |
| Equity | 114 t€ | 99 t€ | 72 t€ |
| Cash and bank | 29 t€ | 19 t€ | 35 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 144 t€ | 141 t€ | 139 t€ |
| Raw materials and services | 19 t€ | -33 t€ | -14 t€ |
| Personnel expenses | 37 t€ | -37 t€ | -54 t€ |
| Depreciations and reductions in value | 8 493 € | -11 t€ | -840 € |
| Other operating expenses | 34 t€ | -30 t€ | -27 t€ |
| Operating profit (loss) | 45 t€ | 30 t€ | 44 t€ |
| Financial income and expenses + (-) | 7 230 € | 2 182 € | 921 € |
| Profit (loss) before appropriations and taxes | 38 t€ | 33 t€ | 44 t€ |
| Income taxes | 9 754 € | -8 044 € | -8 926 € |
| Profit (loss) for the financial year | 28 t€ | 25 t€ | 36 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 38 t€ | 32 t€ | 1 450 € |
| Receivables | 17 t€ | 17 t€ | 12 t€ |
| Cash in hand and at banks | 29 t€ | 19 t€ | 35 t€ |
| Current assets | 92 t€ | 76 t€ | 72 t€ |
| Assets | 130 t€ | 108 t€ | 74 t€ |
| Capital and reserves | 114 t€ | 99 t€ | 72 t€ |
| Short-term liabilities | 16 t€ | 8 806 € | 1 869 € |
| Liabilities | 16 t€ | 8 806 € | 1 869 € |
All financial statement items (46)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 144 t€ | 141 t€ | 139 t€ |
| Raw materials and services | 19 t€ | -33 t€ | -14 t€ |
| Personnel expenses | 37 t€ | -37 t€ | -54 t€ |
| Depreciations and reductions in value | 8 493 € | -11 t€ | -840 € |
| Other operating expenses | 34 t€ | -30 t€ | -27 t€ |
| Operating profit (loss) | 45 t€ | 30 t€ | 44 t€ |
| Financial income and expenses + (-) | 7 230 € | 2 182 € | 921 € |
| Profit (loss) before appropriations and taxes | 38 t€ | 33 t€ | 44 t€ |
| Income taxes | 9 754 € | -8 044 € | -8 926 € |
| Profit (loss) for the financial year | 28 t€ | 25 t€ | 36 t€ |
| Non-current assets | 38 t€ | 32 t€ | 1 450 € |
| Receivables | 17 t€ | 17 t€ | 12 t€ |
| Cash in hand and at banks | 29 t€ | 19 t€ | 35 t€ |
| Current assets | 92 t€ | 76 t€ | 72 t€ |
| Assets | 130 t€ | 108 t€ | 74 t€ |
| Capital and reserves | 114 t€ | 99 t€ | 72 t€ |
| Short-term liabilities | 16 t€ | 8 806 € | 1 869 € |
| Liabilities | 16 t€ | 8 806 € | 1 869 € |
| Impairment on investments for non-current assets | 0 € | -14 € | 0 € |
| Other social security expenses | 5 212 € | -12 t€ | -1 576 € |
| Other interest and financial income from non-group companies | 4 193 € | 2 282 € | 796 € |
| Shares and holdings | 45 t€ | 40 t€ | 25 t€ |
| Short-term accrued expenses and deferred income | 10 t€ | 7 951 € | 925 € |
| Tangible assets | 24 t€ | 32 t€ | 1 450 € |
| Pension expenses | 7 626 € | 0 € | -3 222 € |
| Other shares and holdings | 45 t€ | 40 t€ | 25 t€ |
| Liabilities | 130 t€ | 108 t€ | 74 t€ |
| Other funds | 723 € | 6 723 € | 723 € |
| Machinery and equipment | 24 t€ | 32 t€ | 1 450 € |
| Shares in participating interest company | 14 t€ | 0 € | – |
| Services purchased | 19 t€ | -15 t€ | -13 t€ |
| Wages and salaries | 25 t€ | -25 t€ | -49 t€ |
| Other short-term receivables | 941 € | 4 221 € | 309 € |
| Reductions in value of shares and holdings in current assets | 10 t€ | 0 € | – |
| Short-term prepayments and accrued income | 4 106 € | 0 € | – |
| Purchases during the financial year | 32 € | -17 t€ | -1 856 € |
| Investments | 14 t€ | 0 € | – |
| Short-term sales receivables | 12 t€ | 12 t€ | 12 t€ |
| Profit (loss) for the period, equity | 28 t€ | 25 t€ | 36 t€ |
| Other current liabilities | 4 588 € | 255 € | 857 € |
| Interest expenses and other financial expenses for non-Group companies | 1 241 € | -87 € | -64 € |
| Income from other investments under non-current assets, from other companies | – | 0 € | 189 € |
| Retained earnings | 84 t€ | 68 t€ | 35 t€ |
| Short-term accounts payable | 1 462 € | 601 € | 87 € |
| Depreciations according to plan | 8 493 € | -11 t€ | -840 € |
| Short-term receivables | 17 t€ | 17 t€ | 12 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, Whitewater Magpie Oy is in the upper half of the industry class computer consultancy and computer facilities management activities (1355 companies with taxable income; median 29 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.
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