Hyvinkuivaus Oy is a limited company based in Hyvinkää, registered in 2021. In the financial year ending 31.12.2025, revenue was 122 t€ and operating profit 50 €; equity ratio 87.6 %. Its taxable income in 2024 was 33 t€ and its income taxes 6 653 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 122 t€ | 143 t€ | 129 t€ | 165 t€ |
| Revenue change | -14,8 % | 11,1 % | -22,3 % | – |
| EBITDA | -2 130 € | 35 t€ | 31 t€ | 59 t€ |
| EBITDA % | -1,8 % | 24,8 % | 23,8 % | 35,9 % |
| Operating profit | 50 € | 33 t€ | 28 t€ | 56 t€ |
| Operating margin | 0,0 % | 22,8 % | 22,1 % | 34,1 % |
| Net profit | -41 € | 26 t€ | 23 t€ | 45 t€ |
| Personnel costs | -84 t€ | 75 t€ | 67 t€ | 70 t€ |
| Equity ratio | 87,6 % | 91,3 % | 83,7 % | 83,7 % |
| Quick ratio | 7,48 | 10,42 | 5,62 | 5,14 |
| Current ratio | 7,48 | 10,42 | 5,62 | 5,14 |
| Debt to revenue | 9,1 % | 5,7 % | 9,7 % | 5,3 % |
| Return on equity | -0,1 % | 30,6 % | 35,6 % | 100,0 % |
| Balance sheet total | 89 t€ | 93 t€ | 76 t€ | 54 t€ |
| Equity | 78 t€ | 85 t€ | 64 t€ | 45 t€ |
| Cash and bank | 64 t€ | 71 t€ | 47 t€ | 34 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 122 t€ | 143 t€ | 129 t€ | 165 t€ |
| Raw materials and services | 398 € | -3 262 € | -1 350 € | -604 € |
| Personnel expenses | 84 t€ | -75 t€ | -67 t€ | -70 t€ |
| Depreciations and reductions in value | 2 180 € | -2 906 € | -2 167 € | -2 890 € |
| Other operating expenses | 35 t€ | -29 t€ | -29 t€ | -35 t€ |
| Operating profit (loss) | 50 € | 33 t€ | 28 t€ | 56 t€ |
| Financial income and expenses + (-) | -72 € | 126 € | 14 € | -35 € |
| Profit (loss) before appropriations and taxes | 121 € | 33 t€ | 28 t€ | 56 t€ |
| Income taxes | 162 € | -6 653 € | -5 628 € | -12 t€ |
| Profit (loss) for the financial year | -41 € | 26 t€ | 23 t€ | 45 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 6 539 € | 8 718 € | 6 502 € | 8 669 € |
| Receivables | 18 t€ | 13 t€ | 23 t€ | 11 t€ |
| Cash in hand and at banks | 64 t€ | 71 t€ | 47 t€ | 34 t€ |
| Current assets | 83 t€ | 84 t€ | 70 t€ | 45 t€ |
| Assets | 89 t€ | 93 t€ | 76 t€ | 54 t€ |
| Capital and reserves | 78 t€ | 85 t€ | 64 t€ | 45 t€ |
| Short-term liabilities | 11 t€ | 8 089 € | 12 t€ | 8 722 € |
| Liabilities | 11 t€ | 8 089 € | 12 t€ | 8 722 € |
All financial statement items (38)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 122 t€ | 143 t€ | 129 t€ | 165 t€ |
| Raw materials and services | 398 € | -3 262 € | -1 350 € | -604 € |
| Personnel expenses | 84 t€ | -75 t€ | -67 t€ | -70 t€ |
| Depreciations and reductions in value | 2 180 € | -2 906 € | -2 167 € | -2 890 € |
| Other operating expenses | 35 t€ | -29 t€ | -29 t€ | -35 t€ |
| Operating profit (loss) | 50 € | 33 t€ | 28 t€ | 56 t€ |
| Financial income and expenses + (-) | -72 € | 126 € | 14 € | -35 € |
| Profit (loss) before appropriations and taxes | 121 € | 33 t€ | 28 t€ | 56 t€ |
| Income taxes | 162 € | -6 653 € | -5 628 € | -12 t€ |
| Profit (loss) for the financial year | -41 € | 26 t€ | 23 t€ | 45 t€ |
| Non-current assets | 6 539 € | 8 718 € | 6 502 € | 8 669 € |
| Receivables | 18 t€ | 13 t€ | 23 t€ | 11 t€ |
| Cash in hand and at banks | 64 t€ | 71 t€ | 47 t€ | 34 t€ |
| Current assets | 83 t€ | 84 t€ | 70 t€ | 45 t€ |
| Assets | 89 t€ | 93 t€ | 76 t€ | 54 t€ |
| Capital and reserves | 78 t€ | 85 t€ | 64 t€ | 45 t€ |
| Short-term liabilities | 11 t€ | 8 089 € | 12 t€ | 8 722 € |
| Liabilities | 11 t€ | 8 089 € | 12 t€ | 8 722 € |
| Other current liabilities | 9 657 € | 6 813 € | 7 421 € | 7 577 € |
| Liabilities | 89 t€ | 93 t€ | 76 t€ | 54 t€ |
| Short-term receivables | 18 t€ | 13 t€ | 23 t€ | 11 t€ |
| Other short-term receivables | 1 300 € | 1 300 € | 1 300 € | 1 300 € |
| Other interest and financial income from non-group companies | 72 € | 126 € | 14 € | 0 € |
| Machinery and equipment | 6 539 € | 8 718 € | 6 502 € | 8 669 € |
| Retained earnings | 78 t€ | 59 t€ | 41 t€ | 0 € |
| Short-term accounts payable | 1 391 € | 1 276 € | 1 675 € | 1 145 € |
| Wages and salaries | 66 t€ | -59 t€ | -54 t€ | -54 t€ |
| Short-term sales receivables | 9 381 € | 4 855 € | 6 646 € | 3 398 € |
| Profit (loss) for the period, equity | -41 € | 26 t€ | 23 t€ | 45 t€ |
| Interest expenses and other financial expenses for non-Group companies | – | – | 0 € | -35 € |
| Pension expenses | 12 t€ | -11 t€ | -11 t€ | -14 t€ |
| Short-term prepayments and accrued income | 7 785 € | 6 782 € | 15 t€ | 5 913 € |
| Other social security expenses | 5 902 € | -4 828 € | -2 554 € | -2 615 € |
| Services purchased | 55 € | -1 975 € | -55 € | 0 € |
| Tangible assets | 6 539 € | 8 718 € | 6 502 € | 8 669 € |
| Purchases during the financial year | 343 € | -1 287 € | -1 295 € | -604 € |
| Depreciations according to plan | 2 180 € | -2 906 € | -2 167 € | -2 890 € |
| Short-term accrued expenses and deferred income | – | 0 € | 3 352 € | 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, Hyvinkuivaus Oy is in the upper 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.
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