Substitute Footwear Oy is a limited company based in Helsinki, registered in 2024. In the financial year ending 31.12.2025, operating profit -29 t€; equity ratio -15011.2 %.
Gross profit 2025–financial year ended 31.12.2025
Operating profit-29 t€
Net profit-30 t€EBITDA -29 t€
Equity ratio-15011,2 %quick ratio 0,02
In business2 yrsregistered 15.10.2024
Financials
| Key figures | 31.12.2025 |
|---|---|
| EBITDA | -29 t€ |
| Operating profit | -29 t€ |
| Net profit | -30 t€ |
| Personnel costs | -11 t€ |
| Equity ratio | -15011,2 % |
| Quick ratio | 0,02 |
| Current ratio | 0,02 |
| Balance sheet total | 198 € |
| Equity | -30 t€ |
| Cash and bank | 189 € |
Income statement and balance sheet
Income statement
| 31.12.2025 | |
|---|---|
| Raw materials and services | 5 042 € |
| Personnel expenses | 11 t€ |
| Other operating expenses | 13 t€ |
| Operating profit (loss) | -29 t€ |
| Financial income and expenses + (-) | 348 € |
| Profit (loss) before appropriations and taxes | -30 t€ |
| Profit (loss) for the financial year | -30 t€ |
Balance sheet
| 31.12.2025 | |
|---|---|
| Receivables | 9 € |
| Cash in hand and at banks | 189 € |
| Current assets | 198 € |
| Assets | 198 € |
| Capital and reserves | -30 t€ |
| Long-term liabilities | 20 t€ |
| Short-term liabilities | 9 911 € |
| Liabilities | 30 t€ |
All financial statement items (28)
| 31.12.2025 | |
|---|---|
| Raw materials and services | 5 042 € |
| Personnel expenses | 11 t€ |
| Other operating expenses | 13 t€ |
| Operating profit (loss) | -29 t€ |
| Financial income and expenses + (-) | 348 € |
| Profit (loss) before appropriations and taxes | -30 t€ |
| Profit (loss) for the financial year | -30 t€ |
| Receivables | 9 € |
| Cash in hand and at banks | 189 € |
| Current assets | 198 € |
| Assets | 198 € |
| Capital and reserves | -30 t€ |
| Long-term liabilities | 20 t€ |
| Short-term liabilities | 9 911 € |
| Liabilities | 30 t€ |
| Other current liabilities | 9 681 € |
| Liabilities | 198 € |
| Short-term receivables | 9 € |
| Other short-term receivables | 9 € |
| Other long-term liabilities | 20 t€ |
| Other interest and financial income from non-group companies | 1 € |
| Short-term accounts payable | 230 € |
| Wages and salaries | 11 t€ |
| Profit (loss) for the period, equity | -30 t€ |
| Interest expenses and other financial expenses for non-Group companies | 350 € |
| Other social security expenses | 174 € |
| Services purchased | 2 404 € |
| Purchases during the financial year | 2 638 € |
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).
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