Synchronia Networks Oy is a limited company based in Espoo, registered in 2023. In the financial year ending 31.12.2025, revenue was 9,0 M€ and operating profit 3,3 M€; equity ratio 66.6 %. Its taxable income in 2024 was 783 t€ and its income taxes 159 t€. It has won 1 public contracts in EU procurement notices.
Financials
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 9,0 M€ | 4,5 M€ | 491 t€ |
| Revenue change | 99,0 % | 824,3 % | – |
| EBITDA | 3,3 M€ | 867 t€ | -55 t€ |
| EBITDA % | 36,2 % | 19,1 % | -11,3 % |
| Operating profit | 3,3 M€ | 847 t€ | -55 t€ |
| Operating margin | 36,4 % | 18,6 % | -11,3 % |
| Net profit | 2,6 M€ | 681 t€ | -57 t€ |
| Personnel costs | -2,7 M€ | 1,5 M€ | 232 t€ |
| Equity ratio | 66,6 % | 48,2 % | -23,4 % |
| Quick ratio | 2,94 | 2,09 | 1,28 |
| Current ratio | 2,94 | 2,09 | 1,28 |
| Debt to revenue | 15,1 % | 14,8 % | 61,6 % |
| Return on equity | 96,0 % | 109,2 % | – |
| Balance sheet total | 4,1 M€ | 1,3 M€ | 245 t€ |
| Equity | 2,7 M€ | 623 t€ | -57 t€ |
| Cash and bank | 711 t€ | 8 256 € | 43 t€ |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 9,0 M€ | 4,5 M€ | 491 t€ |
| Other operating income | 0 € | 322 € | 0 € |
| Raw materials and services | 1,7 M€ | -1,7 M€ | -228 t€ |
| Personnel expenses | 2,7 M€ | -1,5 M€ | -232 t€ |
| Depreciations and reductions in value | 24 t€ | -21 t€ | 0 € |
| Other operating expenses | 1,3 M€ | -559 t€ | -87 t€ |
| Operating profit (loss) | 3,3 M€ | 847 t€ | -55 t€ |
| Financial income and expenses + (-) | 2 170 € | -6 591 € | -2 157 € |
| Profit (loss) before appropriations and taxes | 3,3 M€ | 840 t€ | -57 t€ |
| Income taxes | 669 t€ | -159 t€ | 0 € |
| Profit (loss) for the financial year | 2,6 M€ | 681 t€ | -57 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 72 t€ | 62 t€ | 50 t€ |
| Receivables | 3,3 M€ | 1,2 M€ | 153 t€ |
| Cash in hand and at banks | 711 t€ | 8 256 € | 43 t€ |
| Current assets | 4,0 M€ | 1,2 M€ | 195 t€ |
| Assets | 4,1 M€ | 1,3 M€ | 245 t€ |
| Capital and reserves | 2,7 M€ | 623 t€ | -57 t€ |
| Long-term liabilities | 0 € | 82 t€ | 150 t€ |
| Short-term liabilities | 1,4 M€ | 588 t€ | 153 t€ |
| Liabilities | 1,4 M€ | 670 t€ | 303 t€ |
All financial statement items (44)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 9,0 M€ | 4,5 M€ | 491 t€ |
| Other operating income | 0 € | 322 € | 0 € |
| Raw materials and services | 1,7 M€ | -1,7 M€ | -228 t€ |
| Personnel expenses | 2,7 M€ | -1,5 M€ | -232 t€ |
| Depreciations and reductions in value | 24 t€ | -21 t€ | 0 € |
| Other operating expenses | 1,3 M€ | -559 t€ | -87 t€ |
| Operating profit (loss) | 3,3 M€ | 847 t€ | -55 t€ |
| Financial income and expenses + (-) | 2 170 € | -6 591 € | -2 157 € |
| Profit (loss) before appropriations and taxes | 3,3 M€ | 840 t€ | -57 t€ |
| Income taxes | 669 t€ | -159 t€ | 0 € |
| Profit (loss) for the financial year | 2,6 M€ | 681 t€ | -57 t€ |
| Non-current assets | 72 t€ | 62 t€ | 50 t€ |
| Receivables | 3,3 M€ | 1,2 M€ | 153 t€ |
| Cash in hand and at banks | 711 t€ | 8 256 € | 43 t€ |
| Current assets | 4,0 M€ | 1,2 M€ | 195 t€ |
| Assets | 4,1 M€ | 1,3 M€ | 245 t€ |
| Capital and reserves | 2,7 M€ | 623 t€ | -57 t€ |
| Long-term liabilities | 0 € | 82 t€ | 150 t€ |
| Short-term liabilities | 1,4 M€ | 588 t€ | 153 t€ |
| Liabilities | 1,4 M€ | 670 t€ | 303 t€ |
| Long-term liabilities to credit institutions | 0 € | 82 t€ | 150 t€ |
| Other current liabilities | 495 t€ | 91 t€ | 14 t€ |
| Wages and salaries | 2,3 M€ | -1,2 M€ | -198 t€ |
| Pension expenses | 322 t€ | -194 t€ | -29 t€ |
| Tangible assets | 72 t€ | 62 t€ | 50 t€ |
| Depreciations according to plan | 24 t€ | -21 t€ | 0 € |
| Liabilities | 4,1 M€ | 1,3 M€ | 245 t€ |
| Other short-term receivables | 133 t€ | 11 t€ | 13 t€ |
| Other social security expenses | 59 t€ | -27 t€ | -5 302 € |
| Reserve for invested non-restricted equity | 25 t€ | 0 € | – |
| Profit (loss) for the period, equity | 2,6 M€ | 681 t€ | -57 t€ |
| Services purchased | 470 t€ | -275 t€ | -60 t€ |
| Retained earnings | 84 t€ | -57 t€ | 0 € |
| Short-term liabilities to credit institutions | 81 t€ | 152 t€ | 59 t€ |
| Purchases during the financial year | 1,2 M€ | -1,4 M€ | -167 t€ |
| Short-term prepayments and accrued income | 40 t€ | 37 t€ | 19 t€ |
| Other interest and financial income from non-group companies | 1 531 € | 179 € | 0 € |
| Short-term accrued expenses and deferred income | 533 t€ | 184 t€ | 28 t€ |
| Short-term sales receivables | 3,1 M€ | 1,1 M€ | 122 t€ |
| Short-term receivables | 3,3 M€ | 1,2 M€ | 153 t€ |
| Short-term loan receivables | 25 t€ | 84 t€ | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 3 701 € | -6 771 € | -2 157 € |
| Machinery and equipment | 72 t€ | 62 t€ | 50 t€ |
| Short-term accounts payable | 260 t€ | 161 t€ | 52 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
Measured by taxable income, Synchronia Networks Oy is in the top 10 % of the industry class construction of utility projects for electricity and telecommunications (155 companies with taxable income; median 33 t€, 24 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.
Public contracts won
- Heikkovirtajärjestelmätöiden hankinta 2025Espoon kaupunki, Espoo Catering Oy, Weegee Oy, Espoon Elä ja Asu Oy, Kiinteistö Oy Espoon Keskuskeittiö, Kiinteistö Oy Matinkylän uimahalli, Kiinteistö Oy Opinmäen Kampus, Kiinteistö Oy Tapiolan Louhi, Kiinteistö Oy Matinkylän lukio4,6 M€
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