Remeo Oy
OYActiveY-tunnus 0946005-4Linjatie 6, 01260 VantaaLandfilling or permanent storage· NACE 3832Est. 1993 · 33 years old302 employees
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Overview
Remeo Oy is a Finnish OY based in Vantaa, operating in the Landfilling or permanent storage sector. Incorporated in 1993, the company has 302 employees and reported revenue of €77.5m in its latest annual filing.
Revenue 2025
77.5M EUR
+58% vs 2024
EBITDA margin
0.3 %
−89% vs 2024
Net profit 2025
-1.3M EUR
-8% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
18.7 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
5.8×
StrongAmong the 40% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-2.5 %
WeakAmong the 40% lowest rated companies in the industry
20212025
EBITDA — year on year
EUR millionsKey figures
Annual report 2025| Revenue | 77.5M EUR | +58% |
| EBITDA | 0.2M EUR | -89% |
| Net profit | -1.3M EUR | -8% |
| Total assets | 53.7M EUR | +85% |
| Equity | 10M EUR | -12% |
| Employees | 302 | — |
Company information
Legal name
Remeo Oy
Y-tunnus number
0946005-4
Legal form
Osakeyhtiö
NACE code
Founded
24 February 1993 · 33 years
Share capital
EUR 80,000
Employees
302 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Toimitusjohtaja yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimialana on harjoittaa ammattimaista tilausliikennettä kuorma- ja pakettiautoilla, sekä kiinteistöjen, tie-, katu- ja puistoalueiden jätehuolto-, puhtaana- ja kunnossapitoliikettä ja erilaisten jätteiden keruuta ja kauppaa. Yhtiö voi omistaa kiinteistöjä ja arvopapereita.
(no translation available)
Address
Linjatie 6, 01260 Vantaa
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Financial development
In its most recent annual report (2025), Remeo Oy reported revenue of €77.5m, an increase of 58% 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 €1.3m, and the EBITDA margin stood at 0.3%.
At the end of 2025, equity financed 18.7% of the balance sheet, and current assets covered short-term debt 5.8 times.
Financials
Revenue
EUR millionsEBITDA
EUR millionsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 77,549 | 49,073 | 57,659 | 86,094 | 92,000 |
| Staff expenses | -17,036 | -15,230 | -16,799 | -20,251 | -20,990 |
| EBITDA | 211 | 1,890 | 4,430 | 14,703 | 17,513 |
| Depreciation & amort. | -3,111 | -3,584 | -4,318 | -6,494 | -6,792 |
| EBIT | -2,900 | -1,693 | 113 | 8,209 | 10,721 |
| Net financials | 408 | 94 | 695 | -117 | -309 |
| Profit before tax | -1,344 | -1,250 | -269 | 7,209 | -1,292 |
| Tax | -0 | -2 | 2 | 2,006 | 295 |
| Net profit | -1,344 | -1,249 | -271 | 5,203 | -1,587 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 53,673 | 28,945 | 37,186 | 46,738 | 97,933 |
| Equity | 10,031 | 11,375 | 22,516 | 26,172 | 50,681 |
| Long-term debt | 0 | 0 | 0 | 573 | 24,052 |
| Short-term debt | 7,850 | 8,235 | 8,691 | 19,993 | 23,201 |
| Total debt | 42,697 | 15,477 | 12,227 | 20,566 | 47,253 |
Financial ratios
5-year trendEBITDA margin
0.3 %
20212025
Equity ratio
18.7 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
-13.4 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-1.7 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
1.44×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
4.35×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 20% lowest rated companies in the industry
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)Very weak
Among the 20% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same 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.
Liquidity
Current ratioStrong
Among the 40% highest rated companies in the industry
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 ratioStrong
Among the 40% highest rated companies in the industry
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 ratioVery weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 10% lowest rated companies in the industry
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 capitalWeak
Among the 40% lowest rated companies in the industry
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.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 30% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery weak
Among the 20% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% 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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 30% 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 weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
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.
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 (6) | ||
VA Person with significant control | Person with significant control | 2026 |
AK Person with significant control | Person with significant control | 2026 |
HM Person with significant control | Person with significant control | 2026 |
HK Person with significant control | Person with significant control | 2026 |
PJ Chief Executive Officer | Chief Executive Officer | 2024 |
OE Deputy Member | Deputy Member | 2026 |
Former (14)
JE Deputy Member | Deputy Member | 2021 – 2025 |
KK Person with significant control | Person with significant control | 2018 – 2025 |
JM Person with significant control | Person with significant control | 2021 – 2025 |
NJ Audit | Audit | 2019 – 2023 |
TT Person with significant control | Person with significant control | 2021 – 2024 |
AJ Person with significant control | Person with significant control | 2019 – 2021 |
JK Chief Executive Officer | Chief Executive Officer | 2018 – 2024 |
VH Person with significant control | Person with significant control | 2021 – 2026 |
EM Person with significant control | Person with significant control | 2024 – 2026 |
OO Person with significant control | Person with significant control | 2025 – 2026 |
KP Audit | Audit | 2017 – 2019 |
MO Person with significant control | Person with significant control | 2021 – 2024 |
HM Deputy Member | Deputy Member | 2016 – 2021 |
PJ Person with significant control | Person with significant control | 2018 – 2019 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
NE Board of Directors | Board of Directors | 2026 |
PJ Chairperson | Chairperson | 2025 |
Former (4)
JW Chairperson | Chairperson | 2016 – 2019 |
EM Board of Directors | Board of Directors | 2025 – 2026 |
MO Board of Directors | Board of Directors | 2016 – 2019 |
AS Board of Directors | Board of Directors | 2019 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
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Remeo Oy Board network connections
Board members of Remeo Oy also hold positions in 146 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Heidi Maria Sulin | Deputy Member | 31 companiesMany roles |
| Axel Sebastian Lindholm | Board of Directors | 25 companiesMany roles |
| Jon Edvin Andreas Lagerbohm | Deputy Member | 22 companiesMany roles |
| Mats Oskar Therman | Board of Directors | 12 companiesMany roles |
| Noora Emilia Haraholma | Board of Directors | 8 companiesMany roles |
| Niklas Johan Nyman | Audit | 5 companies |
| Petri Juhani Räsänen | Person with significant control | 5 companies |
| Hanna Katariina Lehtola | Person with significant control | 4 companies |
| Oskar Emil Anders Niva | Deputy Member | 4 companies |
| Tuukka Tapio Metsäaho | Person with significant control | 3 companies |
| Panu Joona Juhani Routasalo | Chief Executive Officer | 3 companies |
| Karl Petter Lindeman | Audit | 3 companies |
| Mauri Olavi Lielahti | Person with significant control | 3 companies |
| Kimmo Kaleva Käenmäki | Person with significant control | 2 companies |
| Veikko Antero Kotimäki | Person with significant control | 2 companies |
| Anja Katariina Lajunen | Person with significant control | 2 companies |
| Hanna Maria Ruuttunen | Person with significant control | 2 companies |
| Johan Mattias Pöntinen | Person with significant control | 2 companies |
| Antti Juhani Meriluoto | Person with significant control | 2 companies |
| Johan Kristian Mild | Chief Executive Officer | 2 companies |
| Jussi Wisa Matti Salokangas | Chairperson | 2 companies |
| Ville-Matti Henrikki Pitkänen | Person with significant control | 1 company |
| Olli Oskari Pyylampi | Person with significant control | 1 company |
Frequently asked questions
What is the Y-tunnus number of Remeo Oy?
Remeo Oy is registered with PRH / YTJ under Y-tunnus 0946005-4.
What is the revenue of Remeo Oy?
Remeo Oy reported revenue of €77.5m in 2025.
How many employees does Remeo Oy have?
Remeo Oy employs 302 people as of the latest annual report.
Who is the CEO of Remeo Oy?
Panu Joona Juhani Routasalo is the CEO of Remeo Oy, in role since 2024.
Who is the chairman of Remeo Oy?
Panu Joona Juhani Routasalo chairs the board of Remeo Oy, in role since 2025.
Where is Remeo Oy headquartered?
Remeo Oy's registered address is Linjatie 6.