JM Ironworks Oy is a limited company based in Savonlinna, registered in 2024. In the financial year ending 31.12.2025, revenue was 31 t€ and operating profit -1 840 €; equity ratio -113.0 %. Its taxable income in 2024 was 827 € and its income taxes 165 €.
Financials
| Key figures | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Revenue | 31 t€ | 32 t€ |
| Revenue change | -2,9 % | – |
| EBITDA | -1 840 € | 3 169 € |
| EBITDA % | -5,9 % | 9,8 % |
| Operating profit | -1 840 € | 1 394 € |
| Operating margin | -5,9 % | 4,3 % |
| Net profit | -9 067 € | 662 € |
| Personnel costs | -5 216 € | 6 024 € |
| Equity ratio | -113,0 % | 7,0 % |
| Quick ratio | 0,47 | 1,13 |
| Current ratio | 0,47 | 1,13 |
| Debt to revenue | 50,4 % | 27,0 % |
| Return on equity | – | 100,0 % |
| Balance sheet total | 7 439 € | 9 410 € |
| Equity | -8 405 € | 662 € |
| Cash and bank | 110 € | 135 € |
Balance sheet
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 31 t€ | 32 t€ |
| Raw materials and services | 4 086 € | -6 109 € |
| Personnel expenses | 5 216 € | -6 024 € |
| Depreciations and reductions in value | 0 € | -1 775 € |
| Other operating expenses | 24 t€ | -17 t€ |
| Operating profit (loss) | -1 840 € | 1 394 € |
| Financial income and expenses + (-) | 7 227 € | -567 € |
| Profit (loss) before appropriations and taxes | -9 067 € | 827 € |
| Income taxes | 0 € | -165 € |
| Profit (loss) for the financial year | -9 067 € | 662 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Non-current assets | 0 € | 5 325 € |
| Receivables | 7 328 € | 3 950 € |
| Cash in hand and at banks | 110 € | 135 € |
| Current assets | 7 439 € | 4 085 € |
| Assets | 7 439 € | 9 410 € |
| Capital and reserves | -8 405 € | 662 € |
| Long-term liabilities | 0 € | 5 145 € |
| Short-term liabilities | 16 t€ | 3 604 € |
| Liabilities | 16 t€ | 8 748 € |
All financial statement items (41)
| 31.12.2025 | 31.12.2024 | |
|---|---|---|
| Turnover | 31 t€ | 32 t€ |
| Raw materials and services | 4 086 € | -6 109 € |
| Personnel expenses | 5 216 € | -6 024 € |
| Depreciations and reductions in value | 0 € | -1 775 € |
| Other operating expenses | 24 t€ | -17 t€ |
| Operating profit (loss) | -1 840 € | 1 394 € |
| Financial income and expenses + (-) | 7 227 € | -567 € |
| Profit (loss) before appropriations and taxes | -9 067 € | 827 € |
| Income taxes | 0 € | -165 € |
| Profit (loss) for the financial year | -9 067 € | 662 € |
| Non-current assets | 0 € | 5 325 € |
| Receivables | 7 328 € | 3 950 € |
| Cash in hand and at banks | 110 € | 135 € |
| Current assets | 7 439 € | 4 085 € |
| Assets | 7 439 € | 9 410 € |
| Capital and reserves | -8 405 € | 662 € |
| Long-term liabilities | 0 € | 5 145 € |
| Short-term liabilities | 16 t€ | 3 604 € |
| Liabilities | 16 t€ | 8 748 € |
| Long-term liabilities to credit institutions | 0 € | 5 145 € |
| Other current liabilities | 14 t€ | 833 € |
| Wages and salaries | 4 725 € | -5 955 € |
| Tangible assets | 0 € | 5 325 € |
| Depreciations according to plan | 0 € | -1 775 € |
| Liabilities | 7 439 € | 9 410 € |
| Other short-term receivables | 0 € | 1 844 € |
| Other social security expenses | 491 € | -69 € |
| Profit (loss) for the period, equity | -9 067 € | 662 € |
| Services purchased | 1 091 € | -1 162 € |
| Retained earnings | 662 € | 0 € |
| Short-term liabilities to credit institutions | 0 € | 1 262 € |
| Purchases during the financial year | 2 995 € | -4 947 € |
| Short-term prepayments and accrued income | 50 € | 0 € |
| Other interest and financial income from non-group companies | 0 € | 0 € |
| Short-term accrued expenses and deferred income | 0 € | 165 € |
| Short-term sales receivables | 443 € | 2 106 € |
| Short-term receivables | 7 328 € | 3 950 € |
| Short-term loan receivables | 6 835 € | 0 € |
| Interest expenses and other financial expenses for non-Group companies | 7 228 € | -568 € |
| Machinery and equipment | 0 € | 5 325 € |
| Short-term accounts payable | 1 393 € | 1 344 € |
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, JM Ironworks Oy is in the lower half of the industry class other miscellaneous specialised construction activities n.e.c. (1420 companies with taxable income; median 19 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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