Veemil Oy is a limited company based in Seinäjoki, registered in 2022. In the financial year ending 31.12.2025, revenue was 52 t€ and operating profit 2 525 €; equity ratio 18.0 %.
Revenue 202552 t€+6 % on the previous year
Operating profit2 525 €4,8 % of revenue
Net profit2 693 €EBITDA -282 €
Equity ratio18,0 %quick ratio 1,81
In business4 yrsregistered 8.2.2022
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 52 t€ | 49 t€ | 52 t€ | 32 t€ |
| Revenue change | 5,7 % | -4,5 % | 61,6 % | – |
| EBITDA | -282 € | 7 168 € | 1 815 € | 11 t€ |
| EBITDA % | -0,5 % | 14,5 % | 3,5 % | 35,5 % |
| Operating profit | 2 525 € | 3 425 € | -3 176 € | 5 587 € |
| Operating margin | 4,8 % | 6,9 % | -6,1 % | 17,5 % |
| Net profit | 2 693 € | 2 015 € | -4 403 € | 3 648 € |
| Personnel costs | -37 t€ | 34 t€ | 41 t€ | 14 t€ |
| Equity ratio | 18,0 % | 5,2 % | -5,3 % | 12,6 % |
| Quick ratio | 1,81 | 1,58 | 1,17 | 2,05 |
| Current ratio | 1,81 | 1,58 | 1,17 | 2,05 |
| Debt to revenue | 27,6 % | 35,7 % | 40,1 % | 79,3 % |
| Return on equity | 85,4 % | 208,1 % | – | 100,0 % |
| Balance sheet total | 18 t€ | 19 t€ | 20 t€ | 29 t€ |
| Equity | 3 154 € | 968 € | -1 046 € | 3 648 € |
| Cash and bank | 7 772 € | 5 558 € | 2 914 € | 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 | 52 t€ | 49 t€ | 52 t€ | 32 t€ |
| Raw materials and services | 12 € | 0 € | -23 € | 0 € |
| Personnel expenses | 37 t€ | -34 t€ | -41 t€ | -14 t€ |
| Depreciations and reductions in value | 2 807 € | -3 743 € | -4 991 € | -5 762 € |
| Other operating expenses | 10 t€ | -8 399 € | -8 849 € | -6 444 € |
| Operating profit (loss) | 2 525 € | 3 425 € | -3 176 € | 5 587 € |
| Financial income and expenses + (-) | 635 € | -1 165 € | -1 227 € | -1 026 € |
| Profit (loss) before appropriations and taxes | 1 890 € | 2 260 € | -4 403 € | 4 560 € |
| Income taxes | -803 € | -245 € | 0 € | -912 € |
| Profit (loss) for the financial year | 2 693 € | 2 015 € | -4 403 € | 3 648 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 8 423 € | 11 t€ | 15 t€ | 17 t€ |
| Receivables | 1 358 € | 1 806 € | 1 800 € | 1 723 € |
| Cash in hand and at banks | 7 772 € | 5 558 € | 2 914 € | 10 t€ |
| Current assets | 9 131 € | 7 364 € | 4 714 € | 12 t€ |
| Assets | 18 t€ | 19 t€ | 20 t€ | 29 t€ |
| Capital and reserves | 3 154 € | 968 € | -1 046 € | 3 648 € |
| Long-term liabilities | 9 347 € | 13 t€ | 17 t€ | 20 t€ |
| Short-term liabilities | 5 053 € | 4 664 € | 4 021 € | 5 723 € |
| Liabilities | 14 t€ | 18 t€ | 21 t€ | 25 t€ |
All financial statement items (43)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 52 t€ | 49 t€ | 52 t€ | 32 t€ |
| Raw materials and services | 12 € | 0 € | -23 € | 0 € |
| Personnel expenses | 37 t€ | -34 t€ | -41 t€ | -14 t€ |
| Depreciations and reductions in value | 2 807 € | -3 743 € | -4 991 € | -5 762 € |
| Other operating expenses | 10 t€ | -8 399 € | -8 849 € | -6 444 € |
| Operating profit (loss) | 2 525 € | 3 425 € | -3 176 € | 5 587 € |
| Financial income and expenses + (-) | 635 € | -1 165 € | -1 227 € | -1 026 € |
| Profit (loss) before appropriations and taxes | 1 890 € | 2 260 € | -4 403 € | 4 560 € |
| Income taxes | -803 € | -245 € | 0 € | -912 € |
| Profit (loss) for the financial year | 2 693 € | 2 015 € | -4 403 € | 3 648 € |
| Non-current assets | 8 423 € | 11 t€ | 15 t€ | 17 t€ |
| Receivables | 1 358 € | 1 806 € | 1 800 € | 1 723 € |
| Cash in hand and at banks | 7 772 € | 5 558 € | 2 914 € | 10 t€ |
| Current assets | 9 131 € | 7 364 € | 4 714 € | 12 t€ |
| Assets | 18 t€ | 19 t€ | 20 t€ | 29 t€ |
| Capital and reserves | 3 154 € | 968 € | -1 046 € | 3 648 € |
| Long-term liabilities | 9 347 € | 13 t€ | 17 t€ | 20 t€ |
| Short-term liabilities | 5 053 € | 4 664 € | 4 021 € | 5 723 € |
| Liabilities | 14 t€ | 18 t€ | 21 t€ | 25 t€ |
| Shares in participating interest company | 1 € | 1 € | 1 € | 1 € |
| Income from shares in Group companies | 135 € | 0 € | – | – |
| Profit (loss) for the period, equity | 2 693 € | 2 015 € | -4 403 € | 3 648 € |
| Machinery and equipment | 8 422 € | 11 t€ | 15 t€ | 17 t€ |
| Short-term loan receivables | 1 358 € | 1 358 € | 1 358 € | 1 358 € |
| Short-term accounts payable | 461 € | 392 € | 48 € | 1 198 € |
| Short-term prepayments and accrued income | 0 € | 126 € | 54 € | 124 € |
| Liabilities | 18 t€ | 19 t€ | 20 t€ | 29 t€ |
| Short-term accrued expenses and deferred income | 21 € | 0 € | 40 € | 958 € |
| Interest expenses and other financial expenses for non-Group companies | 770 € | -1 169 € | -1 227 € | -1 027 € |
| Short-term sales receivables | 0 € | 321 € | 0 € | – |
| Short-term liabilities to credit institutions | 4 018 € | 3 500 € | 2 934 € | 2 792 € |
| Other current liabilities | 553 € | 772 € | 999 € | 775 € |
| Short-term receivables | 1 358 € | 1 806 € | 1 800 € | 1 723 € |
| Other short-term receivables | – | 0 € | 388 € | 241 € |
| Retained earnings | 461 € | -1 046 € | 3 356 € | 0 € |
| Investments | 1 € | 1 € | 1 € | 1 € |
| Depreciations according to plan | 2 807 € | -3 743 € | -4 991 € | -5 762 € |
| Tangible assets | 8 422 € | 11 t€ | 15 t€ | 17 t€ |
| Long-term liabilities to credit institutions | 9 347 € | 13 t€ | 17 t€ | 20 t€ |
| Purchases during the financial year | 12 € | 0 € | -23 € | 0 € |
| Other interest and financial income from non-group companies | 0 € | 4 € | 0 € | 0 € |
| Other social security expenses | 675 € | -388 € | -618 € | -195 € |
| Wages and salaries | 36 t€ | -33 t€ | -40 t€ | -14 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.