Millnest Oy is a limited company based in Hyvinkää, registered in 2023. In the financial year ending 31.12.2025, revenue was 601 t€ and operating profit 133 t€; equity ratio 42.2 %. Its taxable income in 2024 was 85 t€ and its income taxes 22 t€.
Revenue 2025601 t€-19 % on the previous year
Operating profit133 t€22,1 % of revenue
Net profit85 t€EBITDA 125 t€
Equity ratio42,2 %quick ratio 1,09
Taxable income 202485 t€
top quarter of its industry
Income taxes 202422 t€22 t€ in 2024–2024
In business3 yrsregistered 14.7.2023
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Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Revenue | 601 t€ | 744 t€ |
| Revenue change | -19,2 % | – |
| EBITDA | 125 t€ | 58 t€ |
| EBITDA % | 20,7 % | 7,8 % |
| Operating profit | 133 t€ | 65 t€ |
| Operating margin | 22,1 % | 8,8 % |
| Net profit | 85 t€ | 37 t€ |
| Personnel costs | -58 t€ | -72 t€ |
| Equity ratio | 42,2 % | 15,3 % |
| Quick ratio | 1,09 | 0,63 |
| Current ratio | 1,09 | 0,63 |
| Debt to revenue | 27,9 % | 27,8 % |
| Return on equity | 69,4 % | 100,0 % |
| Balance sheet total | 290 t€ | 244 t€ |
| Equity | 122 t€ | 37 t€ |
| Cash and bank | 83 t€ | 67 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 601 t€ | 744 t€ |
| Other operating income | 0 € | 92 € |
| Raw materials and services | 36 t€ | 48 t€ |
| Personnel expenses | 58 t€ | 72 t€ |
| Depreciations and reductions in value | 7 937 € | 6 876 € |
| Other operating expenses | 367 t€ | 552 t€ |
| Operating profit (loss) | 133 t€ | 65 t€ |
| Financial income and expenses + (-) | 23 t€ | 18 t€ |
| Profit (loss) before appropriations and taxes | 110 t€ | 47 t€ |
| Income taxes | 25 t€ | 10 t€ |
| Profit (loss) for the financial year | 85 t€ | 37 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Non-current assets | 173 t€ | 174 t€ |
| Receivables | 34 t€ | 2 800 € |
| Cash in hand and at banks | 83 t€ | 67 t€ |
| Current assets | 117 t€ | 69 t€ |
| Assets | 290 t€ | 244 t€ |
| Capital and reserves | 122 t€ | 37 t€ |
| Long-term liabilities | 60 t€ | 96 t€ |
| Short-term liabilities | 107 t€ | 110 t€ |
| Liabilities | 167 t€ | 206 t€ |
All financial statement items (45)
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 601 t€ | 744 t€ |
| Other operating income | 0 € | 92 € |
| Raw materials and services | 36 t€ | 48 t€ |
| Personnel expenses | 58 t€ | 72 t€ |
| Depreciations and reductions in value | 7 937 € | 6 876 € |
| Other operating expenses | 367 t€ | 552 t€ |
| Operating profit (loss) | 133 t€ | 65 t€ |
| Financial income and expenses + (-) | 23 t€ | 18 t€ |
| Profit (loss) before appropriations and taxes | 110 t€ | 47 t€ |
| Income taxes | 25 t€ | 10 t€ |
| Profit (loss) for the financial year | 85 t€ | 37 t€ |
| Non-current assets | 173 t€ | 174 t€ |
| Receivables | 34 t€ | 2 800 € |
| Cash in hand and at banks | 83 t€ | 67 t€ |
| Current assets | 117 t€ | 69 t€ |
| Assets | 290 t€ | 244 t€ |
| Capital and reserves | 122 t€ | 37 t€ |
| Long-term liabilities | 60 t€ | 96 t€ |
| Short-term liabilities | 107 t€ | 110 t€ |
| Liabilities | 167 t€ | 206 t€ |
| Buildings and structures, Owned | 141 t€ | 147 t€ |
| Investments | 918 € | 918 € |
| Other short-term receivables | 1 570 € | 1 500 € |
| Other current liabilities | 17 t€ | 27 t€ |
| Retained earnings | 37 t€ | 0 € |
| Short-term prepayments and accrued income | 1 314 € | 1 261 € |
| Short-term accounts payable | 46 t€ | 0 € |
| Short-term sales receivables | 31 t€ | 38 € |
| Purchases during the financial year | 36 t€ | 48 t€ |
| Profit (loss) for the period, equity | 85 t€ | 37 t€ |
| Short-term receivables | 34 t€ | 2 800 € |
| Interest expenses and other financial expenses for non-Group companies | 23 t€ | 19 t€ |
| Tangible assets | 172 t€ | 174 t€ |
| Wages and salaries | 57 t€ | 71 t€ |
| Short-term accrued expenses and deferred income | 8 228 € | 48 t€ |
| Liabilities | 290 t€ | 244 t€ |
| Other interest and financial income from non-group companies | 5 € | 1 033 € |
| Other social security expenses | 1 007 € | 881 € |
| Long-term liabilities to credit institutions | 60 t€ | 96 t€ |
| Machinery and equipment | 6 170 € | 2 250 € |
| Depreciations according to plan | 7 937 € | 6 876 € |
| Land and water areas, Owned | 24 t€ | 24 t€ |
| Short-term liabilities to credit institutions | 36 t€ | 36 t€ |
| Other shares and similar rights of ownership | 918 € | 918 € |
| Pension expenses | 0 € | 247 € |
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, Millnest Oy is in the top quarter of the industry class rental and operating of own or leased non-residential real estate (6954 companies with taxable income; median 22 t€, 3,9 times the median).
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.