Restel Oy
OYActiveY-tunnus 0828237-2Hämeentie 19, 00500 HelsinkiActivities of holding companies· NACE 6421Est. 1990 · 35 years old1,175 employees
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Overview
Restel Oy is a Finnish OY based in Helsinki, operating in the Activities of holding companies sector. Incorporated in 1990, the company has 1,175 employees and reported revenue of €2.4m in its latest annual filing.
Revenue 2025
2.4M EUR
−78% vs 2024
EBITDA margin
−6,254.8 %
−24520% vs 2024
Net profit 2025
-148.4M EUR
-249917% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
0.0 %
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.0×
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
<−999 %
20212025
EBITDA — year on year
EUR millionsKey figures
Annual report 2025| Revenue | 2.4M EUR | -78% |
| EBITDA | -153M EUR | -24520% |
| Net profit | -148.4M EUR | -249917% |
| Total assets | 0M EUR | -100% |
| Equity | 0M EUR | -100% |
| Employees | 1,175 | — |
Company information
Legal name
Restel Oy
Y-tunnus number
0828237-2
Legal form
Osakeyhtiö
NACE code
Founded
31 December 1990 · 35 years
Share capital
EUR 45,000,000
Employees
1,175 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hallituksen jäsen ja toimitusjohtaja yhdessä sekä hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimialana on majoitus- ja ravitsemusliikkeen, hallintopalvelujen myynnin ja vuokraustoiminnan sekä näihin liittyvän muun liiketoiminnan harjoittaminen. Yhtiö voi omistaa ja hallita kiinteistöjä, osakkeita ja muita arvopapereita. Yhtiö voi harjoittaa toimintaansa koti- ja ulkomailla.
(no translation available)
Address
Hämeentie 19, 00500 Helsinki
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Financial development
In its most recent annual report (2025), Restel Oy reported revenue of €2.4m, a decrease of 78% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of €148.4m, and the EBITDA margin stood at -6,254.8%.
Financials
Revenue
EUR millionsEBITDA
EUR millionsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2,446 | 11,344 | 176,809 | 8,804 | 8,303 |
| Staff expenses | -57,641 | -5,352 | -52,899 | -4,502 | -3,998 |
| EBITDA | -152,969 | 626 | 7,055 | 164 | 13 |
| Depreciation & amort. | -7,954 | -548 | -10,355 | -793 | -708 |
| EBIT | -160,924 | 79 | -3,299 | -629 | -694 |
| Net financials | -13 | 511 | 154 | 55 | 166 |
| Profit before tax | -148,329 | 5 | -1,145 | 243 | 295 |
| Tax | 29 | 64 | 53 | 0 | -0 |
| Net profit | -148,358 | -59 | -1,198 | 243 | 295 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 0 | 96,322 | 101,558 | 80,377 | 91,203 |
| Equity | 0 | 48,489 | 45,266 | 48,252 | 48,009 |
| Long-term debt | 0 | 500 | 3,750 | 3,263 | 705 |
| Short-term debt | 0 | 47,332 | 50,466 | 28,861 | 42,488 |
| Total debt | 0 | 47,832 | 54,216 | 32,125 | 43,194 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20212025
Equity ratio
0.0 %
20212025
Return on equity
—
20212025
Net profit margin
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
>999×
20212025
Debt / equity
—
20212025
Sector performance
10 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 10% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 10% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Capacity ratioVery weak
Among the 10% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Liquidity
Cash conversion ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Debt & solvency
Interest coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 10% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Solidity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Efficiency & development
One-year change in equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Asset turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
Annual reports & filings
- Annual report 2025Filed via PRH / YTJ · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via PRH / YTJ · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via PRH / YTJ · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via PRH / YTJ · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (18) | ||
AH Person with significant control | Person with significant control | 2019 |
SK Person with significant control | Person with significant control | 2025 |
MT Person with significant control | Person with significant control | 2023 |
SS Person with significant control | Person with significant control | 2023 |
SK Person with significant control | Person with significant control | 2023 |
JI Person with significant control | Person with significant control | 2025 |
AU Person with significant control | Person with significant control | 2025 |
AM Deputy Member | Deputy Member | 2021 |
ET Person with significant control | Person with significant control | 2019 |
VM Person with significant control | Person with significant control | 2018 |
TH Person with significant control | Person with significant control | 2023 |
TM Person with significant control | Person with significant control | 2025 |
JP Person with significant control | Person with significant control | 2019 |
TE Person with significant control | Person with significant control | 2026 |
SK Person with significant control | Person with significant control | 2019 |
MH Person with significant control | Person with significant control | 2018 |
SJ Person with significant control | Person with significant control | 2020 |
SJ Chief Executive Officer | Chief Executive Officer | 2025 |
Former (16)
TK Person with significant control | Person with significant control | 2019 – 2021 |
MS Person with significant control | Person with significant control | 2023 – 2025 |
TA Person with significant control | Person with significant control | 2018 – 2020 |
SK Person with significant control | Person with significant control | 2019 – 2025 |
JA Person with significant control | Person with significant control | 2018 – 2025 |
PK Person with significant control | Person with significant control | 2019 – 2020 |
GM Chief Executive Officer | Chief Executive Officer | 2014 – 2025 |
KA Person with significant control | Person with significant control | 2023 – 2025 |
OT Person with significant control | Person with significant control | 2019 – 2023 |
JP | Audit | 2019 – 2023 |
MA Person with significant control | Person with significant control | 2019 – 2020 |
JA Audit | Audit | 2017 – 2019 |
MM Person with significant control | Person with significant control | 2019 – 2023 |
AT Person with significant control | Person with significant control | 2018 – 2019 |
PJ Person with significant control | Person with significant control | 2019 – 2023 |
OP Person with significant control | Person with significant control | 2019 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
AK Board of Directors | Board of Directors | 2025 |
PP Chairperson | Chairperson | 2018 |
ME Board of Directors | Board of Directors | 2026 |
LL Board of Directors | Board of Directors | 2020 |
OJ Board of Directors | Board of Directors | 2021 |
Former (6)
CJ Board of Directors | Board of Directors | 2018 – 2025 |
AM Board of Directors | Board of Directors | 2018 – 2021 |
AJ Board of Directors | Board of Directors | 2025 – 2025 |
EM Board of Directors | Board of Directors | 2018 – 2020 |
RJ Board of Directors | Board of Directors | 2018 – 2021 |
SJ Board of Directors | Board of Directors | 2020 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
Osuuskunta Tradeka98%
Restel Oy (this company)Restel Ravintolat Oy100% ownedRestel Fast Food Oy100% ownedRestel Taukopaikat Oy100% ownedRestel Liikenneasemat Oy100% ownedRestel Mexican Food Oy100% ownedBoard network connections
Board members of Restel Oy also hold positions in 319 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jari Antero Pussinen | Person with significant control | 31 companiesMany roles |
| Ari Mikael Tasa | Deputy Member | 21 companiesMany roles |
| Jukka Antero Rajala | Audit | 18 companiesMany roles |
| Perttu Puro | Chairperson | 17 companiesMany roles |
| Anssi Juhani Thureson | Board of Directors | 14 companiesMany roles |
| Erno Tapani Onatsu | Person with significant control | 13 companiesMany roles |
| Teppo Harri Sakari Kuuttiniemi | Person with significant control | 13 companiesMany roles |
| Jukka Petri Lääkkö | Person with significant control | 12 companiesMany roles |
| Saija Katriina Kork | Person with significant control | 12 companiesMany roles |
| Satu Johanna Hautamäki | Person with significant control | 12 companiesMany roles |
| Sari Johanna Saari | Chief Executive Officer | 12 companiesMany roles |
| Sakri Kristian Helanne | Person with significant control | 11 companiesMany roles |
| Virpi Marika Mäkelä | Person with significant control | 11 companiesMany roles |
| Jukka Pekka Karttunen | Audit | 11 companiesMany roles |
| Anita Hannele Karhu | Person with significant control | 10 companiesMany roles |
| Marko Tapio Virtanen | Person with significant control | 10 companiesMany roles |
| Marjo Sarita Kyllikki Lehtinen | Person with significant control | 10 companiesMany roles |
| Maarit Helena Meritähti | Person with significant control | 10 companiesMany roles |
| Outi Päivikki Kivinen | Person with significant control | 10 companiesMany roles |
| Siru Soili Hellevi Kalpio | Person with significant control | 9 companiesMany roles |
| Kaisa Anna-Liisa Kasila | Person with significant control | 9 companiesMany roles |
| Miia Marika Kinnunen | Person with significant control | 6 companiesMany roles |
| Tomi Erik Wirtanen | Person with significant control | 5 companies |
| Sari Kyllikki Tamminen | Person with significant control | 4 companies |
| Olli Tapani Virtanen | Person with significant control | 4 companies |
| Pauli Johannes Kouhia | Person with significant control | 4 companies |
| Petri Kalevi Kuvala | Person with significant control | 3 companies |
| Anna Katriina Sirkiä | Board of Directors | 3 companies |
| Ralf Juhani Holmlund | Board of Directors | 3 companies |
| Gustaf Mikael Tageson Backman | Chief Executive Officer | 2 companies |
| Tarja Maarit Kuittinen | Person with significant control | 2 companies |
| Mirkka Elli Holappa | Board of Directors | 2 companies |
| Teija Karitta Touhonen | Person with significant control | 1 company |
| Timo Antti Juhani Lavikainen | Person with significant control | 1 company |
| Catarina Judith Fagerholm | Board of Directors | 1 company |
| Lilli Leena Kilpinen | Board of Directors | 1 company |
| Olli Johannes Kilpi | Board of Directors | 1 company |
Frequently asked questions
What is the Y-tunnus number of Restel Oy?
Restel Oy is registered with PRH / YTJ under Y-tunnus 0828237-2.
What is the revenue of Restel Oy?
Restel Oy reported revenue of €2.4m in 2025.
How many employees does Restel Oy have?
Restel Oy employs 1175 people as of the latest annual report.
Who is the CEO of Restel Oy?
Sari Johanna Saari is the CEO of Restel Oy, in role since 2025.
Who is the chairman of Restel Oy?
Perttu Puro chairs the board of Restel Oy, in role since 2018.
Where is Restel Oy headquartered?
Restel Oy's registered address is Hämeentie 19.