WeldWiz Oy is a limited company based in Kotka, registered in 2023. The company has been in bankruptcy since 4.7.2025. In the financial year ending 31.12.2024, revenue was 369 t€ and operating profit -7 686 €; equity ratio -10.1 %.
Revenue 2024369 t€+501 % on the previous year
Operating profit-7 686 €-2,1 % of revenue
Net profit-9 810 €EBITDA -3 332 €
Equity ratio-10,1 %quick ratio 0,88
Taxable income 20240 €
-100 % on the previous year
Income taxes 20240 €585 € in 2023–2024
In business3 yrsregistered 11.9.2023
StatusIn bankruptcysince 4.7.2025
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2024 | 31.12.2023 |
|---|---|---|
| Revenue | 369 t€ | 61 t€ |
| Revenue change | 501,4 % | – |
| EBITDA | -3 332 € | 2 924 € |
| EBITDA % | -0,9 % | 4,8 % |
| Operating profit | -7 686 € | 2 924 € |
| Operating margin | -2,1 % | 4,8 % |
| Net profit | -9 810 € | 2 339 € |
| Personnel costs | 233 t€ | 46 t€ |
| Equity ratio | -10,1 % | 4,8 % |
| Quick ratio | 0,88 | 1,05 |
| Current ratio | 0,88 | 1,05 |
| Debt to revenue | 22,0 % | 76,3 % |
| Return on equity | – | 100,0 % |
| Balance sheet total | 74 t€ | 49 t€ |
| Equity | -7 471 € | 2 339 € |
| Cash and bank | 14 t€ | 475 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 369 t€ | 61 t€ |
| Raw materials and services | -4 731 € | 0 € |
| Personnel expenses | -233 t€ | -46 t€ |
| Depreciations and reductions in value | -4 354 € | 0 € |
| Other operating expenses | -134 t€ | -12 t€ |
| Operating profit (loss) | -7 686 € | 2 924 € |
| Financial income and expenses + (-) | -2 124 € | 0 € |
| Profit (loss) before appropriations and taxes | -9 810 € | 2 924 € |
| Income taxes | 0 € | -585 € |
| Profit (loss) for the financial year | -9 810 € | 2 339 € |
Balance sheet
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Non-current assets | 13 t€ | 0 € |
| Receivables | 46 t€ | 49 t€ |
| Cash in hand and at banks | 14 t€ | 475 € |
| Current assets | 61 t€ | 49 t€ |
| Assets | 74 t€ | 49 t€ |
| Capital and reserves | -7 471 € | 2 339 € |
| Long-term liabilities | 12 t€ | 0 € |
| Short-term liabilities | 69 t€ | 47 t€ |
| Liabilities | 81 t€ | 47 t€ |
All financial statement items (41)
| 31.12.2024 | 31.12.2023 | |
|---|---|---|
| Turnover | 369 t€ | 61 t€ |
| Raw materials and services | -4 731 € | 0 € |
| Personnel expenses | -233 t€ | -46 t€ |
| Depreciations and reductions in value | -4 354 € | 0 € |
| Other operating expenses | -134 t€ | -12 t€ |
| Operating profit (loss) | -7 686 € | 2 924 € |
| Financial income and expenses + (-) | -2 124 € | 0 € |
| Profit (loss) before appropriations and taxes | -9 810 € | 2 924 € |
| Income taxes | 0 € | -585 € |
| Profit (loss) for the financial year | -9 810 € | 2 339 € |
| Non-current assets | 13 t€ | 0 € |
| Receivables | 46 t€ | 49 t€ |
| Cash in hand and at banks | 14 t€ | 475 € |
| Current assets | 61 t€ | 49 t€ |
| Assets | 74 t€ | 49 t€ |
| Capital and reserves | -7 471 € | 2 339 € |
| Long-term liabilities | 12 t€ | 0 € |
| Short-term liabilities | 69 t€ | 47 t€ |
| Liabilities | 81 t€ | 47 t€ |
| Short-term sales receivables | 46 t€ | 49 t€ |
| Other short-term receivables | 510 € | 0 € |
| Retained earnings | 2 339 € | 0 € |
| Short-term accrued expenses and deferred income | 14 t€ | 25 t€ |
| Pension expenses | -34 t€ | -6 826 € |
| Short-term accounts payable | 8 402 € | 829 € |
| Other current liabilities | 33 t€ | 21 t€ |
| Machinery and equipment | 13 t€ | 0 € |
| Other interest and financial income from non-group companies | 196 € | 0 € |
| Liabilities | 74 t€ | 49 t€ |
| Short-term liabilities to credit institutions | 13 t€ | 0 € |
| Interest expenses and other financial expenses for non-Group companies | -2 320 € | 0 € |
| Purchases during the financial year | -2 752 € | 0 € |
| Tangible assets | 13 t€ | 0 € |
| Short-term receivables | 46 t€ | 49 t€ |
| Wages and salaries | -192 t€ | -38 t€ |
| Profit (loss) for the period, equity | -9 810 € | 2 339 € |
| Depreciations according to plan | -4 354 € | 0 € |
| Long-term liabilities to credit institutions | 12 t€ | 0 € |
| Services purchased | -1 979 € | 0 € |
| Other social security expenses | -7 475 € | -1 799 € |
| Short-term prepayments and accrued income | 229 € | 0 € |
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.
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