VG-Kaivin Oy is a limited company based in Kangasala, registered in 2023. In the financial year ending 31.12.2025, revenue was 92 t€ and operating profit -427 €; equity ratio 53.1 %. Its taxable income in 2024 was 9 935 € and its income taxes 1 987 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Revenue | 92 t€ | 104 t€ |
| Revenue change | -11,7 % | – |
| EBITDA | -427 € | 9 910 € |
| EBITDA % | -0,5 % | 9,5 % |
| Operating profit | -427 € | 9 910 € |
| Operating margin | -0,5 % | 9,5 % |
| Net profit | -464 € | 7 855 € |
| Personnel costs | -89 t€ | 90 t€ |
| Equity ratio | 53,1 % | 56,1 % |
| Quick ratio | 2,13 | 2,28 |
| Current ratio | 2,13 | 2,28 |
| Debt to revenue | 6,5 % | 5,9 % |
| Return on equity | -6,9 % | 100,0 % |
| Balance sheet total | 13 t€ | 14 t€ |
| Equity | 6 762 € | 7 855 € |
| Cash and bank | 327 € | 6 859 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 92 t€ | 104 t€ |
| Personnel expenses | 89 t€ | -90 t€ |
| Other operating expenses | 3 635 € | -4 143 € |
| Operating profit (loss) | -427 € | 9 910 € |
| Financial income and expenses + (-) | 38 € | -69 € |
| Profit (loss) before appropriations and taxes | -464 € | 9 842 € |
| Income taxes | 0 € | -1 987 € |
| Profit (loss) for the financial year | -464 € | 7 855 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Receivables | 12 t€ | 7 151 € |
| Cash in hand and at banks | 327 € | 6 859 € |
| Current assets | 13 t€ | 14 t€ |
| Assets | 13 t€ | 14 t€ |
| Capital and reserves | 6 762 € | 7 855 € |
| Short-term liabilities | 5 972 € | 6 155 € |
| Liabilities | 5 972 € | 6 155 € |
All financial statement items (30)
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 92 t€ | 104 t€ |
| Personnel expenses | 89 t€ | -90 t€ |
| Other operating expenses | 3 635 € | -4 143 € |
| Operating profit (loss) | -427 € | 9 910 € |
| Financial income and expenses + (-) | 38 € | -69 € |
| Profit (loss) before appropriations and taxes | -464 € | 9 842 € |
| Income taxes | 0 € | -1 987 € |
| Profit (loss) for the financial year | -464 € | 7 855 € |
| Receivables | 12 t€ | 7 151 € |
| Cash in hand and at banks | 327 € | 6 859 € |
| Current assets | 13 t€ | 14 t€ |
| Assets | 13 t€ | 14 t€ |
| Capital and reserves | 6 762 € | 7 855 € |
| Short-term liabilities | 5 972 € | 6 155 € |
| Liabilities | 5 972 € | 6 155 € |
| Pension expenses | 5 227 € | -7 367 € |
| Retained earnings | 7 227 € | 0 € |
| Short-term receivables | 12 t€ | 7 151 € |
| Other current liabilities | 5 603 € | 3 907 € |
| Short-term sales receivables | 12 t€ | 5 910 € |
| Other interest and financial income from non-group companies | 2 € | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 40 € | -69 € |
| Short-term accounts payable | 369 € | 261 € |
| Short-term accrued expenses and deferred income | 0 € | 1 987 € |
| Profit (loss) for the period, equity | -464 € | 7 855 € |
| Short-term loan receivables | 0 € | 1 049 € |
| Other social security expenses | 1 537 € | -1 014 € |
| Other short-term receivables | 67 € | 192 € |
| Wages and salaries | 82 t€ | -82 t€ |
| Liabilities | 13 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
Measured by taxable income, VG-Kaivin Oy is in the lower half of the industry class site preparation (1576 companies with taxable income; median 36 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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