Lakeuden Eristystyöt Oy is a limited company based in Seinäjoki, registered in 2022. In the financial year ending 31.12.2025, revenue was 334 t€ and operating profit 65 t€; equity ratio 41.4 %. Its taxable income in 2024 was 22 t€ and its income taxes 4 324 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|---|
| Revenue | 334 t€ | 196 t€ | 164 t€ | 79 t€ |
| Revenue change | 70,7 % | 19,5 % | 106,6 % | – |
| EBITDA | 36 t€ | 52 t€ | 45 t€ | 30 t€ |
| EBITDA % | 10,8 % | 26,7 % | 27,1 % | 38,0 % |
| Operating profit | 65 t€ | 27 t€ | 28 t€ | 24 t€ |
| Operating margin | 19,6 % | 13,8 % | 16,9 % | 30,0 % |
| Net profit | 48 t€ | 17 t€ | 19 t€ | 19 t€ |
| Personnel costs | -56 t€ | 43 t€ | 38 t€ | 23 t€ |
| Equity ratio | 41,4 % | 31,0 % | 36,6 % | 49,3 % |
| Quick ratio | 2,45 | 4,46 | 3,41 | 1,30 |
| Current ratio | 2,45 | 4,46 | 3,41 | 1,30 |
| Debt to revenue | 40,5 % | 58,0 % | 38,7 % | 24,6 % |
| Return on equity | 50,8 % | 33,9 % | 52,3 % | 100,0 % |
| Balance sheet total | 231 t€ | 165 t€ | 100 t€ | 38 t€ |
| Equity | 95 t€ | 51 t€ | 37 t€ | 19 t€ |
| Cash and bank | 37 t€ | 44 t€ | 5 931 € | 14 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 334 t€ | 196 t€ | 164 t€ | 79 t€ |
| Other operating income | 1 030 € | 2 290 € | 999 € | 0 € |
| Raw materials and services | 137 t€ | -63 t€ | -47 t€ | -6 619 € |
| Personnel expenses | 56 t€ | -43 t€ | -38 t€ | -23 t€ |
| Depreciations and reductions in value | 29 t€ | -25 t€ | -17 t€ | -6 359 € |
| Other operating expenses | 47 t€ | -40 t€ | -36 t€ | -19 t€ |
| Operating profit (loss) | 65 t€ | 27 t€ | 28 t€ | 24 t€ |
| Financial income and expenses + (-) | 4 415 € | -5 385 € | -3 716 € | -150 € |
| Profit (loss) before appropriations and taxes | 61 t€ | 22 t€ | 24 t€ | 24 t€ |
| Income taxes | 13 t€ | -4 324 € | -4 789 € | -4 735 € |
| Profit (loss) for the financial year | 48 t€ | 17 t€ | 19 t€ | 19 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Non-current assets | 113 t€ | 99 t€ | 70 t€ | 13 t€ |
| Receivables | 81 t€ | 22 t€ | 24 t€ | 11 t€ |
| Cash in hand and at banks | 37 t€ | 44 t€ | 5 931 € | 14 t€ |
| Current assets | 118 t€ | 65 t€ | 30 t€ | 25 t€ |
| Assets | 231 t€ | 165 t€ | 100 t€ | 38 t€ |
| Capital and reserves | 95 t€ | 51 t€ | 37 t€ | 19 t€ |
| Long-term liabilities | 87 t€ | 99 t€ | 55 t€ | 0 € |
| Short-term liabilities | 48 t€ | 15 t€ | 8 699 € | 20 t€ |
| Liabilities | 135 t€ | 114 t€ | 63 t€ | 20 t€ |
All financial statement items (44)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | |
|---|---|---|---|---|
| Turnover | 334 t€ | 196 t€ | 164 t€ | 79 t€ |
| Other operating income | 1 030 € | 2 290 € | 999 € | 0 € |
| Raw materials and services | 137 t€ | -63 t€ | -47 t€ | -6 619 € |
| Personnel expenses | 56 t€ | -43 t€ | -38 t€ | -23 t€ |
| Depreciations and reductions in value | 29 t€ | -25 t€ | -17 t€ | -6 359 € |
| Other operating expenses | 47 t€ | -40 t€ | -36 t€ | -19 t€ |
| Operating profit (loss) | 65 t€ | 27 t€ | 28 t€ | 24 t€ |
| Financial income and expenses + (-) | 4 415 € | -5 385 € | -3 716 € | -150 € |
| Profit (loss) before appropriations and taxes | 61 t€ | 22 t€ | 24 t€ | 24 t€ |
| Income taxes | 13 t€ | -4 324 € | -4 789 € | -4 735 € |
| Profit (loss) for the financial year | 48 t€ | 17 t€ | 19 t€ | 19 t€ |
| Non-current assets | 113 t€ | 99 t€ | 70 t€ | 13 t€ |
| Receivables | 81 t€ | 22 t€ | 24 t€ | 11 t€ |
| Cash in hand and at banks | 37 t€ | 44 t€ | 5 931 € | 14 t€ |
| Current assets | 118 t€ | 65 t€ | 30 t€ | 25 t€ |
| Assets | 231 t€ | 165 t€ | 100 t€ | 38 t€ |
| Capital and reserves | 95 t€ | 51 t€ | 37 t€ | 19 t€ |
| Long-term liabilities | 87 t€ | 99 t€ | 55 t€ | 0 € |
| Short-term liabilities | 48 t€ | 15 t€ | 8 699 € | 20 t€ |
| Liabilities | 135 t€ | 114 t€ | 63 t€ | 20 t€ |
| Retained earnings | 47 t€ | 34 t€ | 17 t€ | 0 € |
| Tangible assets | 86 t€ | 73 t€ | 44 t€ | 13 t€ |
| Investments | 27 t€ | 27 t€ | 27 t€ | 0 € |
| Wages and salaries | 44 t€ | -34 t€ | -30 t€ | -18 t€ |
| Other short-term receivables | 5 948 € | 239 € | 3 948 € | 266 € |
| Liabilities | 231 t€ | 165 t€ | 100 t€ | 38 t€ |
| Machinery and equipment | 86 t€ | 73 t€ | 44 t€ | 13 t€ |
| Services purchased | 46 t€ | -13 t€ | -9 155 € | 0 € |
| Short-term sales receivables | 75 t€ | 20 t€ | 15 t€ | 11 t€ |
| Short-term accounts payable | 37 t€ | 7 493 € | 4 935 € | 7 542 € |
| Short-term prepayments and accrued income | 0 € | 1 490 € | 4 977 € | 0 € |
| Long-term accounts payable | 70 t€ | 79 t€ | 32 t€ | 0 € |
| Other shares and similar rights of ownership | 27 t€ | 27 t€ | 27 t€ | 0 € |
| Short-term accrued expenses and deferred income | 7 740 € | 0 € | 0 € | 1 435 € |
| Short-term receivables | 81 t€ | 22 t€ | 24 t€ | 11 t€ |
| Other current liabilities | 2 957 € | 7 188 € | 3 765 € | 11 t€ |
| Other social security expenses | 3 235 € | -2 233 € | -2 324 € | -1 395 € |
| Profit (loss) for the period, equity | 48 t€ | 17 t€ | 19 t€ | 19 t€ |
| Other interest and financial income from non-group companies | 10 € | 0 € | 0 € | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 4 425 € | -5 386 € | -3 716 € | -150 € |
| Purchases during the financial year | 91 t€ | -50 t€ | -38 t€ | -6 619 € |
| Depreciations according to plan | 29 t€ | -25 t€ | -17 t€ | -6 359 € |
| Long-term liabilities to credit institutions | 17 t€ | 20 t€ | 23 t€ | 0 € |
| Pension expenses | 8 752 € | -6 928 € | -5 479 € | -3 526 € |
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, Lakeuden Eristystyöt Oy is in the lower half of the industry class plumbing, heat and air-conditioning installation (1803 companies with taxable income; median 25 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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