In Sappco Oy is a limited company based in Kuopio, registered in 2022. In the financial year ending 31.12.2025, revenue was 138 t€ and operating profit -6 094 €; equity ratio 9.0 %. Its taxable income in 2024 was 11 t€ and its income taxes 2 296 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 138 t€ | 147 t€ | 153 t€ | 237 t€ |
| Revenue change | -6,0 % | -3,7 % | -35,5 % | – |
| EBITDA | -9 003 € | 22 t€ | 22 t€ | 11 t€ |
| EBITDA % | -6,5 % | 14,7 % | 14,3 % | 4,8 % |
| Operating profit | -6 094 € | 14 t€ | 13 t€ | 4 552 € |
| Operating margin | -4,4 % | 9,4 % | 8,5 % | 1,9 % |
| Net profit | -15 t€ | 7 536 € | 9 065 € | 2 826 € |
| Personnel costs | -120 t€ | 91 t€ | 82 t€ | 158 t€ |
| Equity ratio | 9,0 % | 24,8 % | 15,0 % | 3,0 % |
| Quick ratio | 1,33 | 0,32 | 0,20 | 0,56 |
| Current ratio | 1,33 | 0,32 | 0,20 | 0,56 |
| Debt to revenue | 35,4 % | 40,0 % | 44,1 % | 39,2 % |
| Return on equity | -303,5 % | 38,8 % | 76,2 % | 100,0 % |
| Balance sheet total | 54 t€ | 78 t€ | 79 t€ | 96 t€ |
| Equity | 4 815 € | 19 t€ | 12 t€ | 2 826 € |
| Cash and bank | 35 t€ | 453 € | 1 639 € | 1 854 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 138 t€ | 147 t€ | 153 t€ | 237 t€ |
| Other operating income | 15 t€ | 0 € | 0 € | 558 € |
| Raw materials and services | 3 193 € | -4 164 € | -12 t€ | -25 t€ |
| Personnel expenses | 120 t€ | -91 t€ | -82 t€ | -158 t€ |
| Depreciations and reductions in value | 2 909 € | -7 849 € | -8 857 € | -6 895 € |
| Other operating expenses | 33 t€ | -31 t€ | -37 t€ | -43 t€ |
| Operating profit (loss) | -6 094 € | 14 t€ | 13 t€ | 4 552 € |
| Financial income and expenses + (-) | 7 951 € | -4 237 € | -2 350 € | -921 € |
| Profit (loss) before appropriations and taxes | -14 t€ | 9 547 € | 11 t€ | 3 631 € |
| Income taxes | 567 € | -2 011 € | -1 585 € | -805 € |
| Profit (loss) for the financial year | -15 t€ | 7 536 € | 9 065 € | 2 826 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 8 727 € | 67 t€ | 73 t€ | 71 t€ |
| Receivables | 9 877 € | 11 t€ | 4 669 € | 23 t€ |
| Cash in hand and at banks | 35 t€ | 453 € | 1 639 € | 1 854 € |
| Current assets | 45 t€ | 12 t€ | 6 308 € | 25 t€ |
| Assets | 54 t€ | 78 t€ | 79 t€ | 96 t€ |
| Capital and reserves | 4 815 € | 19 t€ | 12 t€ | 2 826 € |
| Long-term liabilities | 15 t€ | 22 t€ | 36 t€ | 49 t€ |
| Short-term liabilities | 34 t€ | 37 t€ | 32 t€ | 44 t€ |
| Liabilities | 49 t€ | 59 t€ | 67 t€ | 93 t€ |
All financial statement items (45)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 138 t€ | 147 t€ | 153 t€ | 237 t€ |
| Other operating income | 15 t€ | 0 € | 0 € | 558 € |
| Raw materials and services | 3 193 € | -4 164 € | -12 t€ | -25 t€ |
| Personnel expenses | 120 t€ | -91 t€ | -82 t€ | -158 t€ |
| Depreciations and reductions in value | 2 909 € | -7 849 € | -8 857 € | -6 895 € |
| Other operating expenses | 33 t€ | -31 t€ | -37 t€ | -43 t€ |
| Operating profit (loss) | -6 094 € | 14 t€ | 13 t€ | 4 552 € |
| Financial income and expenses + (-) | 7 951 € | -4 237 € | -2 350 € | -921 € |
| Profit (loss) before appropriations and taxes | -14 t€ | 9 547 € | 11 t€ | 3 631 € |
| Income taxes | 567 € | -2 011 € | -1 585 € | -805 € |
| Profit (loss) for the financial year | -15 t€ | 7 536 € | 9 065 € | 2 826 € |
| Non-current assets | 8 727 € | 67 t€ | 73 t€ | 71 t€ |
| Receivables | 9 877 € | 11 t€ | 4 669 € | 23 t€ |
| Cash in hand and at banks | 35 t€ | 453 € | 1 639 € | 1 854 € |
| Current assets | 45 t€ | 12 t€ | 6 308 € | 25 t€ |
| Assets | 54 t€ | 78 t€ | 79 t€ | 96 t€ |
| Capital and reserves | 4 815 € | 19 t€ | 12 t€ | 2 826 € |
| Long-term liabilities | 15 t€ | 22 t€ | 36 t€ | 49 t€ |
| Short-term liabilities | 34 t€ | 37 t€ | 32 t€ | 44 t€ |
| Liabilities | 49 t€ | 59 t€ | 67 t€ | 93 t€ |
| Long-term liabilities to credit institutions | 15 t€ | 22 t€ | 36 t€ | 49 t€ |
| Investments | 0 € | 55 t€ | 57 t€ | 50 t€ |
| Depreciations according to plan | 2 909 € | -7 849 € | -8 857 € | -6 895 € |
| Short-term sales receivables | 5 276 € | 3 352 € | 4 176 € | 17 t€ |
| Pension expenses | 1 066 € | -26 t€ | -9 603 € | -24 t€ |
| Profit (loss) for the period, equity | -15 t€ | 7 536 € | 9 065 € | 2 826 € |
| Interest expenses and other financial expenses for non-Group companies | 7 951 € | -4 237 € | -2 359 € | -921 € |
| Short-term liabilities to credit institutions | 0 € | 13 t€ | 13 t€ | 13 t€ |
| Other shares and similar rights of ownership | 0 € | 55 t€ | 57 t€ | 50 t€ |
| Short-term receivables | 9 877 € | 11 t€ | 4 669 € | 23 t€ |
| Liabilities | 54 t€ | 78 t€ | 79 t€ | 96 t€ |
| Wages and salaries | 115 t€ | -59 t€ | -66 t€ | -130 t€ |
| Services purchased | 527 € | -1 070 € | -12 t€ | -23 t€ |
| Other social security expenses | 4 038 € | -5 404 € | -5 551 € | -5 202 € |
| Tangible assets | 8 727 € | 12 t€ | 16 t€ | 21 t€ |
| Short-term accounts payable | 1 984 € | 14 t€ | 5 568 € | 4 724 € |
| Short-term accrued expenses and deferred income | 959 € | 3 226 € | 2 908 € | 7 541 € |
| Other short-term receivables | 4 467 € | 0 € | 493 € | 5 732 € |
| Other interest and financial income from non-group companies | 0 € | 0 € | 9 € | 0 € |
| Other current liabilities | 31 t€ | 6 199 € | 10 t€ | 19 t€ |
| Purchases during the financial year | 2 666 € | -3 094 € | -214 € | -1 805 € |
| Short-term prepayments and accrued income | 134 € | 0 € | 0 € | 189 € |
| Machinery and equipment | 8 727 € | 12 t€ | 16 t€ | 21 t€ |
| Retained earnings | 19 t€ | 12 t€ | 2 826 € | 0 € |
| Short-term loan receivables | 0 € | 7 937 € | 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, In Sappco Oy is in the lower half of the industry class construction of residential and non-residential buildings (5706 companies with taxable income; median 16 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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