Forenom Oy
OYActiveY-tunnus 1633241-3Firdonkatu 2, 00520 HelsinkiRental and operating of own or leased real estate· NACE 6820Est. 2000 · 25 years old165 employeeshttps://www.forenom.fi
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Overview
Forenom Oy is a Finnish OY based in Helsinki, operating in the Rental and operating of own or leased real estate sector. Incorporated in 2000, the company has 165 employees and reported revenue of €73.6m in its latest annual filing.
Revenue 2025
73.6M EUR
−9% vs 2024
EBITDA margin
3.4 %
−62% vs 2024
Net profit 2025
-1.9M EUR
-169% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
15.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.5×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-2.1 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
EBITDA — year on year
EUR millionsKey figures
Annual report 2025| Revenue | 73.6M EUR | -9% |
| EBITDA | 2.5M EUR | -62% |
| Net profit | -1.9M EUR | -169% |
| Total assets | 91.1M EUR | +7% |
| Equity | 13.9M EUR | -12% |
| Employees | 165 | — |
Company information
Legal name
Forenom Oy
Y-tunnus number
1633241-3
Legal form
Osakeyhtiö
NACE code
Founded
30 November 2000 · 25 years
Share capital
EUR 8,409
Employees
165 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hallituksen jäsenet ja toimitusjohtaja kukin yksin
Company purpose
Yhtiön toimialana on tarjota majoituspalveluja. Lisäksi yhtiön toimialaan kuuluu asuntojen vuokraus sekä hallinnointi- ja hoitopalvelut, asuntojen vuokravälitys, kiinteistönvälitys sekä kiinteistöjen osto ja myynti, kiinteistöomaisuuden ja varallisuuden hallinta- ja hoitopalvelut, kiinteistösijoittaminen ja kiinteistösijoitusneuvontapalvelut sekä huoneistohotellitoiminta.
(no translation available)
Contact
Address
Firdonkatu 2, 00520 Helsinki
Phone
+3580201983420
Email
forenom@forenom.fi
Website
https://www.forenom.fi
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Financial development
In its most recent annual report (2025), Forenom Oy reported revenue of €73.6m, a decrease of 9% 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 €1.9m, and the EBITDA margin stood at 3.4%.
At the end of 2025, equity financed 15.3% of the balance sheet, and current assets covered short-term debt 0.5 times.
Financials
Revenue
EUR millionsEBITDA
EUR millionsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 73,649 | 80,526 | 88,886 | 88,414 | 68,940 |
| Staff expenses | -8,835 | -9,701 | -11,609 | -9,972 | -7,262 |
| EBITDA | 2,516 | 6,541 | 9,255 | 11,578 | 5,754 |
| Depreciation & amort. | -2,510 | -2,652 | -3,147 | -3,667 | -3,987 |
| EBIT | 6 | 3,889 | 6,108 | 7,910 | 1,766 |
| Net financials | -2,049 | 927 | -419 | -338 | -332 |
| Profit before tax | -1,876 | 3,415 | 2,694 | 3,064 | 1,236 |
| Tax | 51 | 621 | 671 | 1,071 | -0 |
| Net profit | -1,928 | 2,795 | 2,024 | 1,993 | 1,236 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 91,067 | 85,005 | 85,888 | 53,824 | 42,058 |
| Equity | 13,937 | 15,865 | 13,070 | 11,379 | 9,212 |
| Long-term debt | 32,332 | 23,894 | 23,943 | 24,701 | 25,500 |
| Short-term debt | 44,798 | 45,081 | 48,520 | 17,744 | 7,345 |
| Total debt | 77,130 | 68,975 | 72,463 | 42,445 | 32,846 |
Financial ratios
5-year trendEBITDA margin
3.4 %
20212025
Equity ratio
15.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
-13.8 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-2.6 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
0.81×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
5.53×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
27 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 marginWeak
Among the 40% 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 marginWeak
Among the 30% 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.
Return on equity (ROE)Very weak
Among the 10% 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)Very weak
Among the 20% 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 10% 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)Weak
Among the 40% 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 ratioWeak
Among the 40% 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.
Liquidity
Current ratioWeak
Among the 40% lowest 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 ratioWeak
Among the 40% lowest 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 20% 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 20% 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 capitalVery weak
Among the 20% 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 10% 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 30% 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 coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% 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.
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 10% 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 equityVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 30% 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 (4) | ||
VM Confidential Clerk | Confidential Clerk | 2016 |
JO Confidential Clerk | Confidential Clerk | 2026 |
MJ Deputy Member | Deputy Member | 2023 |
JP Chief Executive Officer | Chief Executive Officer | 2023 |
Former (5)
JP Audit | Audit | 2008 – 2021 |
HJ Confidential Clerk | Confidential Clerk | 2021 – 2024 |
KP Confidential Clerk | Confidential Clerk | 2023 – 2023 |
KP Audit | Audit | 2021 – 2022 |
| Audit | 2022 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
VM Board of Directors | Board of Directors | 2024 |
JP Chairperson | Chairperson | 2023 |
Former (2)
HJ Board of Directors | Board of Directors | 2022 – 2024 |
MJ Chairperson | Chairperson | 2017 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
Forenom Group Oy100%
Forenom Oy (this company)Logitjänst Forenom Ab100% ownedForenom AS100% ownedForenom Corporate Apartments Oy100% ownedForenom Aps100% ownedForenom GmbH100% ownedForenom Eesti Oü100% ownedBoard network connections
Board members of Forenom Oy also hold positions in 187 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Valtteri Matti Eemeli Helenius | Audit | 127 companiesMany roles |
| Jussi Olli-Elmeri Ropo | Confidential Clerk | 18 companiesMany roles |
| Henri Jalmari Turunen | Confidential Clerk | 15 companiesMany roles |
| Markku Johannes Kangas | Deputy Member | 11 companiesMany roles |
| Veli Matti Packalén | Confidential Clerk | 5 companies |
| Jyri Pekka Heikkinen | Audit | 4 companies |
| Karl Petter Lindeman | Audit | 3 companies |
| Jussi Pertti Saarinen | Chief Executive Officer | 3 companies |
| Kimmo Pekka Matias Holopainen | Confidential Clerk | 1 company |
Frequently asked questions
What is the Y-tunnus number of Forenom Oy?
Forenom Oy is registered with PRH / YTJ under Y-tunnus 1633241-3.
What is the revenue of Forenom Oy?
Forenom Oy reported revenue of €73.6m in 2025.
How many employees does Forenom Oy have?
Forenom Oy employs 165 people as of the latest annual report.
Who is the CEO of Forenom Oy?
Jussi Pertti Saarinen is the CEO of Forenom Oy, in role since 2023.
Who is the chairman of Forenom Oy?
Jussi Pertti Saarinen chairs the board of Forenom Oy, in role since 2023.
Where is Forenom Oy headquartered?
Forenom Oy's registered address is Firdonkatu 2.