Oy Kenkä Sko Pihlaja Ab is a limited company based in Kristiinankaupunki, registered in 1946. In the financial year ending 31.10.2025, revenue was 1,0 M€ and operating profit 110 t€; equity ratio 88.9 %. Its taxable income in 2024 was 52 t€ and its income taxes 11 t€.
Revenue 20251,0 M€+2 % on the previous year
Operating profit110 t€10,6 % of revenue
Net profit100 t€EBITDA 86 t€
Equity ratio88,9 %quick ratio 1,24
Taxable income 202452 t€
upper half of its industry
Income taxes 202411 t€68 t€ in 2020–2024
In business80 yrsregistered 4.10.1946
Financials
RevenueOperating profitNet profit
| Key figures | 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 |
|---|---|---|---|---|---|
| Revenue | 1,0 M€ | 1,0 M€ | 1,0 M€ | 785 t€ | 729 t€ |
| Revenue change | 2,2 % | -0,4 % | 29,9 % | 7,7 % | – |
| EBITDA | 86 t€ | 68 t€ | 129 t€ | 71 t€ | 71 t€ |
| EBITDA % | 8,3 % | 6,7 % | 12,7 % | 9,0 % | 9,8 % |
| Operating profit | 110 t€ | 39 t€ | 99 t€ | 44 t€ | 50 t€ |
| Operating margin | 10,6 % | 3,9 % | 9,7 % | 5,6 % | 6,8 % |
| Net profit | 100 t€ | 40 t€ | 89 t€ | 45 t€ | 49 t€ |
| Personnel costs | -241 t€ | 223 t€ | 208 t€ | 184 t€ | 157 t€ |
| Equity ratio | 88,9 % | 92,9 % | 93,6 % | 96,5 % | 96,0 % |
| Quick ratio | 1,24 | 1,86 | 2,62 | 5,24 | 7,08 |
| Current ratio | 7,14 | 10,92 | 11,71 | 21,12 | 18,62 |
| Debt to revenue | 11,1 % | 7,0 % | 6,6 % | 4,4 % | 5,8 % |
| Return on equity | 12,1 % | 4,8 % | 10,3 % | 5,3 % | 5,6 % |
| Balance sheet total | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ |
| Equity | 830 t€ | 837 t€ | 866 t€ | 847 t€ | 873 t€ |
| Cash and bank | 128 t€ | 67 t€ | 171 t€ | 172 t€ | 283 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,0 M€ | 1,0 M€ | 1,0 M€ | 785 t€ | 729 t€ |
| Other operating income | 270 € | 0 € | – | – | – |
| Raw materials and services | 549 t€ | -604 t€ | -593 t€ | -473 t€ | -427 t€ |
| Personnel expenses | 241 t€ | -223 t€ | -208 t€ | -184 t€ | -157 t€ |
| Depreciations and reductions in value | 24 t€ | -29 t€ | -30 t€ | -27 t€ | -22 t€ |
| Other operating expenses | 114 t€ | -120 t€ | -90 t€ | -57 t€ | -73 t€ |
| Operating profit (loss) | 110 t€ | 39 t€ | 99 t€ | 44 t€ | 50 t€ |
| Financial income and expenses + (-) | -1 178 € | 192 € | 187 € | 0 € | 273 € |
| Profit (loss) before appropriations and taxes | 111 t€ | 39 t€ | 99 t€ | 56 t€ | 61 t€ |
| Income taxes | 23 t€ | -11 t€ | -22 t€ | -11 t€ | -12 t€ |
| Profit (loss) for the financial year | 100 t€ | 40 t€ | 89 t€ | 45 t€ | 49 t€ |
Balance sheet
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 211 t€ | 228 t€ | 256 t€ | 271 t€ | 267 t€ |
| Stocks | 678 t€ | 647 t€ | 612 t€ | 552 t€ | 484 t€ |
| Receivables | 3 753 € | 16 t€ | 4 837 € | 10 t€ | 15 t€ |
| Cash in hand and at banks | 128 t€ | 67 t€ | 171 t€ | 172 t€ | 283 t€ |
| Current assets | 820 t€ | 780 t€ | 788 t€ | 734 t€ | 782 t€ |
| Assets | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 830 t€ | 837 t€ | 866 t€ | 847 t€ | 873 t€ |
| Appropriations | 86 t€ | 99 t€ | 111 t€ | 123 t€ | 134 t€ |
| Short-term liabilities | 115 t€ | 71 t€ | 67 t€ | 35 t€ | 42 t€ |
| Liabilities | 115 t€ | 71 t€ | 67 t€ | 35 t€ | 42 t€ |
All financial statement items (53)
| 31.10.2025 | 31.10.2024 | 31.10.2023 | 31.10.2022 | 31.10.2021 | |
|---|---|---|---|---|---|
| Turnover | 1,0 M€ | 1,0 M€ | 1,0 M€ | 785 t€ | 729 t€ |
| Other operating income | 270 € | 0 € | – | – | – |
| Raw materials and services | 549 t€ | -604 t€ | -593 t€ | -473 t€ | -427 t€ |
| Personnel expenses | 241 t€ | -223 t€ | -208 t€ | -184 t€ | -157 t€ |
| Depreciations and reductions in value | 24 t€ | -29 t€ | -30 t€ | -27 t€ | -22 t€ |
| Other operating expenses | 114 t€ | -120 t€ | -90 t€ | -57 t€ | -73 t€ |
| Operating profit (loss) | 110 t€ | 39 t€ | 99 t€ | 44 t€ | 50 t€ |
| Financial income and expenses + (-) | -1 178 € | 192 € | 187 € | 0 € | 273 € |
| Profit (loss) before appropriations and taxes | 111 t€ | 39 t€ | 99 t€ | 56 t€ | 61 t€ |
| Income taxes | 23 t€ | -11 t€ | -22 t€ | -11 t€ | -12 t€ |
| Profit (loss) for the financial year | 100 t€ | 40 t€ | 89 t€ | 45 t€ | 49 t€ |
| Non-current assets | 211 t€ | 228 t€ | 256 t€ | 271 t€ | 267 t€ |
| Stocks | 678 t€ | 647 t€ | 612 t€ | 552 t€ | 484 t€ |
| Receivables | 3 753 € | 16 t€ | 4 837 € | 10 t€ | 15 t€ |
| Cash in hand and at banks | 128 t€ | 67 t€ | 171 t€ | 172 t€ | 283 t€ |
| Current assets | 820 t€ | 780 t€ | 788 t€ | 734 t€ | 782 t€ |
| Assets | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 830 t€ | 837 t€ | 866 t€ | 847 t€ | 873 t€ |
| Appropriations | 86 t€ | 99 t€ | 111 t€ | 123 t€ | 134 t€ |
| Short-term liabilities | 115 t€ | 71 t€ | 67 t€ | 35 t€ | 42 t€ |
| Liabilities | 115 t€ | 71 t€ | 67 t€ | 35 t€ | 42 t€ |
| Increase (decrease) in deprecation difference | -13 t€ | 12 t€ | 12 t€ | 11 t€ | – |
| Investments | 3 500 € | 0 € | – | – | – |
| Depreciations according to plan | 24 t€ | -29 t€ | -30 t€ | -27 t€ | -22 t€ |
| Short-term sales receivables | 3 753 € | 2 019 € | 4 837 € | 9 950 € | 2 227 € |
| Pension expenses | 53 t€ | -46 t€ | -43 t€ | -40 t€ | -38 t€ |
| Other intangible assets | 0 € | 3 500 € | 10 t€ | 7 000 € | 0 € |
| Profit (loss) for the period, equity | 100 t€ | 40 t€ | 89 t€ | 45 t€ | 49 t€ |
| Income from other investments under non-current assets, from other companies | – | 0 € | 140 € | 0 € | – |
| Intangible assets | 0 € | 3 500 € | 10 t€ | 7 000 € | 0 € |
| Other shares and similar rights of ownership | 3 500 € | 0 € | – | – | – |
| Depreciation difference | 86 t€ | 99 t€ | 111 t€ | 123 t€ | 134 t€ |
| Short-term receivables | 3 753 € | 16 t€ | 4 837 € | 10 t€ | 15 t€ |
| Liabilities | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ | 1,0 M€ |
| Inventory increase (+) or decrease (-) | -31 t€ | 35 t€ | 60 t€ | 68 t€ | -10 t€ |
| Wages and salaries | 180 t€ | -172 t€ | -159 t€ | -140 t€ | -115 t€ |
| Other social security expenses | 8 400 € | -5 188 € | -5 232 € | -4 042 € | -3 425 € |
| Tangible assets | 207 t€ | 224 t€ | 246 t€ | 264 t€ | 267 t€ |
| Short-term accounts payable | 64 t€ | 34 t€ | 10 t€ | 2 365 € | 4 996 € |
| Short-term accrued expenses and deferred income | 35 t€ | 30 t€ | 38 t€ | 24 t€ | 21 t€ |
| Other short-term receivables | 0 € | 11 t€ | 0 € | 110 € | 12 t€ |
| Other interest and financial income from non-group companies | 1 178 € | 192 € | 47 € | 0 € | 273 € |
| Shares and holdings | 10 t€ | 50 t€ | 0 € | – | – |
| Other current liabilities | 17 t€ | 7 374 € | 19 t€ | 8 005 € | 16 t€ |
| Materials and supplies | 678 t€ | 647 t€ | 612 t€ | 552 t€ | 484 t€ |
| Purchases during the financial year | 580 t€ | -639 t€ | -653 t€ | -541 t€ | -417 t€ |
| Short-term prepayments and accrued income | 0 € | 2 704 € | 0 € | – | – |
| Machinery and equipment | 9 084 € | 12 t€ | 16 t€ | 17 t€ | 2 039 € |
| Buildings and structures, Owned | 152 t€ | 170 t€ | 187 t€ | 205 t€ | 223 t€ |
| Retained earnings | 727 t€ | 795 t€ | 775 t€ | 800 t€ | 822 t€ |
| Land and water areas, Owned | 46 t€ | 42 t€ | 42 t€ | 42 t€ | 42 t€ |
| Other shares, financial securities | 10 t€ | 50 t€ | 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
Measured by taxable income, Oy Kenkä Sko Pihlaja Ab is in the upper half of the industry class retail sale of footwear (52 companies with taxable income; median 51 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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