Kurko Projects Oy is a limited company based in Varkaus, registered in 2022. In the financial year ending 31.12.2025, revenue was 15,5 M€ and operating profit 1,1 M€; equity ratio 42.1 %. Public buyers bought 3 216 € from it in 2023–2024; the largest buyer is Suomen ympäristökeskus (Ympäristöministeriön hallinnonala).
Revenue 202515,5 M€+512 % on the previous year
Operating profit1,1 M€7,1 % of revenue
Net profit647 t€EBITDA 1,0 M€
Equity ratio42,1 %quick ratio 1,04
Taxable income 20240 €
profit as taxed
Income taxes 20240 €3 014 € in 2022–2024
In business4 yrsregistered 29.7.2022
Sales to public buyers3 216 €2023–2024
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Revenue | 15,5 M€ | 2,5 M€ |
| Revenue change | 512,0 % | – |
| EBITDA | 1,0 M€ | -324 t€ |
| EBITDA % | 6,5 % | -12,8 % |
| Operating profit | 1,1 M€ | -255 t€ |
| Operating margin | 7,1 % | -10,0 % |
| Net profit | 647 t€ | -289 t€ |
| Personnel costs | -1,1 M€ | -566 t€ |
| Equity ratio | 42,1 % | 30,2 % |
| Quick ratio | 1,04 | 0,91 |
| Current ratio | 1,04 | 0,91 |
| Debt to revenue | 8,2 % | 37,0 % |
| Return on equity | 61,4 % | -71,0 % |
| Balance sheet total | 2,5 M€ | 1,3 M€ |
| Equity | 1,1 M€ | 407 t€ |
| Cash and bank | 337 t€ | 405 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 15,5 M€ | 2,5 M€ |
| Other operating income | 7 560 € | 5 996 € |
| Raw materials and services | 10,7 M€ | 1,0 M€ |
| Personnel expenses | 1,1 M€ | 566 t€ |
| Depreciations and reductions in value | 86 t€ | 70 t€ |
| Other operating expenses | 2,5 M€ | 1,2 M€ |
| Operating profit (loss) | 1,1 M€ | -255 t€ |
| Financial income and expenses + (-) | 66 t€ | 28 t€ |
| Profit (loss) before appropriations and taxes | 1,0 M€ | -283 t€ |
| Income taxes | 218 t€ | 6 121 € |
| Profit (loss) for the financial year | 647 t€ | -289 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Non-current assets | 1,3 M€ | 607 t€ |
| Receivables | 907 t€ | 741 t€ |
| Cash in hand and at banks | 337 t€ | 405 € |
| Current assets | 1,2 M€ | 741 t€ |
| Assets | 2,5 M€ | 1,3 M€ |
| Share capital or other similar capital | 100 t€ | 100 t€ |
| Capital and reserves | 1,1 M€ | 407 t€ |
| Long-term liabilities | 84 t€ | 124 t€ |
| Short-term liabilities | 1,2 M€ | 817 t€ |
| Liabilities | 1,3 M€ | 941 t€ |
All financial statement items (54)
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 15,5 M€ | 2,5 M€ |
| Other operating income | 7 560 € | 5 996 € |
| Raw materials and services | 10,7 M€ | 1,0 M€ |
| Personnel expenses | 1,1 M€ | 566 t€ |
| Depreciations and reductions in value | 86 t€ | 70 t€ |
| Other operating expenses | 2,5 M€ | 1,2 M€ |
| Operating profit (loss) | 1,1 M€ | -255 t€ |
| Financial income and expenses + (-) | 66 t€ | 28 t€ |
| Profit (loss) before appropriations and taxes | 1,0 M€ | -283 t€ |
| Income taxes | 218 t€ | 6 121 € |
| Profit (loss) for the financial year | 647 t€ | -289 t€ |
| Non-current assets | 1,3 M€ | 607 t€ |
| Receivables | 907 t€ | 741 t€ |
| Cash in hand and at banks | 337 t€ | 405 € |
| Current assets | 1,2 M€ | 741 t€ |
| Assets | 2,5 M€ | 1,3 M€ |
| Share capital or other similar capital | 100 t€ | 100 t€ |
| Capital and reserves | 1,1 M€ | 407 t€ |
| Long-term liabilities | 84 t€ | 124 t€ |
| Short-term liabilities | 1,2 M€ | 817 t€ |
| Liabilities | 1,3 M€ | 941 t€ |
| Other current liabilities | 163 t€ | 146 t€ |
| Long-term receivables | 11 t€ | 20 t€ |
| Short-term sales receivables | 553 t€ | 508 t€ |
| Short-term liabilities to Group companies | 494 t€ | 0 € |
| Other social security expenses | 69 t€ | 14 t€ |
| Retained earnings | -443 t€ | -154 t€ |
| Purchases during the financial year | 766 t€ | 254 t€ |
| Short-term accounts payable | 200 t€ | 431 t€ |
| Pension expenses | 126 t€ | 90 t€ |
| Other short-term receivables | 281 t€ | 163 t€ |
| Services purchased | 10,0 M€ | 754 t€ |
| Tangible assets | 1,1 M€ | 379 t€ |
| Profit (loss) for the period, equity | 647 t€ | -289 t€ |
| Long-term accounts payable | 198 € | 0 € |
| Interest expenses and other financial expenses for Group companies | 2 500 € | 0 € |
| Short-term liabilities to credit institutions | 121 t€ | 151 t€ |
| Goodwill | 198 t€ | 228 t€ |
| Long-term liabilities to credit institutions | 84 t€ | 124 t€ |
| Intangible assets | 198 t€ | 228 t€ |
| Interest expenses and other financial expenses for non-Group companies | 67 t€ | 32 t€ |
| Reserve for invested non-restricted equity | 750 t€ | 750 t€ |
| Long-term prepayments and accrued income | 11 t€ | 20 t€ |
| Short-term loan receivables | 0 € | 371 € |
| Addition to tax-based reserves (deduction) | 173 t€ | 0 € |
| Machinery and equipment | 1,1 M€ | 379 t€ |
| Other interest and financial income from non-group companies | 3 236 € | 4 195 € |
| Tax provisions | 173 t€ | 0 € |
| Wages and salaries | 949 t€ | 462 t€ |
| Depreciations according to plan | 86 t€ | 70 t€ |
| Short-term prepayments and accrued income | 63 t€ | 49 t€ |
| Liabilities | 2,5 M€ | 1,3 M€ |
| Short-term accrued expenses and deferred income | 212 t€ | 88 t€ |
| Short-term receivables | 896 t€ | 720 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.
Sales to public buyers
Largest buyers
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