MultiTaction Oy
OYBankruptY-tunnus 2126814-5Rajatorpantie 8, 01600 VantaaOther information technology and computer service activities· NACE 6290Est. 2007 · 19 years old— employeeshttps://www.multitaction.com
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Overview
MultiTaction Oy is a Finnish OY based in Vantaa, operating in the Other information technology and computer service activities sector. Incorporated in 2007, the company reported revenue of €4.2m in its latest annual filing.
Revenue 2021
4.2M EUR
−25% vs 2020
EBITDA margin
−39.4 %
+66% vs 2020
Net profit 2021
-3.5M EUR
+58% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
29.3 %
WeakAmong the 40% lowest rated companies in the industry
20182021
Liquidity ratioCurrent assets ÷ Short-term debt
1.8×
AverageAround the average of companies in the same industry
20182021
Return on assets (ROA)Net profit ÷ Total assets × 100
-37.8 %
Very weakAmong the 20% lowest rated companies in the industry
20182021
EBITDA — year on year
EUR thousandsKey figures
Annual report 2021| Revenue | 4.2M EUR | -25% |
| EBITDA | -1.7M EUR | +66% |
| Net profit | -3.5M EUR | +58% |
| Total assets | 9.3M EUR | -28% |
| Equity | 2.7M EUR | -35% |
| Employees | — | — |
Company information
Legal name
MultiTaction Oy
Y-tunnus number
2126814-5
Legal form
Osakeyhtiö
NACE code
Founded
4 July 2007 · 19 years
Share capital
EUR 2,500
Employees
—
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja toimitusjohtaja kumpikin yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimiala on muu tietokäsittelypalvelu, atk-laitteistokonsultointi, ohjelmiston suunnittelu, valmistus ja konsultointi, tietojenkäsittely, tietokanta ja -verkkopalvelut, tekniikan tutkimus ja kehittäminen.
(no translation available)
Contact
Address
Rajatorpantie 8, 01600 Vantaa
Phone
+3580443439865
Email
info@multitaction.com
Website
https://www.multitaction.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2021), MultiTaction Oy reported revenue of €4.2m, a decrease of 25% on the year before. The figures on this page draw on 4 annual filings covering 2018 to 2021. The bottom line showed a net loss of €3.5m, and the EBITDA margin stood at -39.4%.
At the end of 2021, equity financed 29.3% of the balance sheet, and current assets covered short-term debt 1.8 times.
Financials
Revenue
EUR millionsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Revenue | 4,195 | 5,578 | 13,076 | 7,464 |
| Staff expenses | -1,346 | -1,276 | -1,809 | -889 |
| EBITDA | -1,654 | -4,900 | 1,513 | 696 |
| Depreciation & amort. | -970 | -1,323 | -1,245 | -1,677 |
| EBIT | -2,624 | -6,224 | 268 | -981 |
| Net financials | -893 | -2,154 | -667 | 429 |
| Profit before tax | -3,516 | -8,377 | -399 | -553 |
| Tax | -0 | 0 | 1 | -0 |
| Net profit | -3,516 | -8,378 | -400 | -553 |
Balance sheet
EUR thousands| Item | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Total assets | 9,293 | 12,979 | 17,583 | 14,370 |
| Equity | 2,727 | 4,171 | 4,149 | 4,548 |
| Long-term debt | 3,881 | 3,827 | 5,380 | 4,725 |
| Short-term debt | 2,685 | 4,982 | 8,052 | 5,097 |
| Total debt | 6,566 | 8,809 | 13,432 | 9,822 |
Financial ratios
5-year trendEBITDA margin
-39.4 %
20182021
Equity ratio
29.3 %
WeakAmong the 40% lowest rated companies in the industry
20182021
Return on equity
-128.9 %
Very weakAmong the 10% lowest rated companies in the industry
20182021
Net profit margin
-83.8 %
Very weakAmong the 20% lowest rated companies in the industry
20182021
Asset turnover
0.45×
WeakAmong the 40% lowest rated companies in the industry
20182021
Debt / equity
2.41×
Very weakAmong the 20% lowest rated companies in the industry
20182021
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% 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 20% 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 20% 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)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 ratioVery weak
Among the 20% 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 ratioAverage
Around the average of companies in the same 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 ratioWeak
Among the 30% 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 equityWeak
Among the 30% 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 30% 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 40% 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 40% 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 debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% 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 debtVery weak
Among the 10% 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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
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 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 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 debtStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2021Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via PRH / YTJ · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via PRH / YTJ · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via PRH / YTJ · Period 2018-01-01 – 2018-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
TM Confidential Clerk | Confidential Clerk | 2020 |
TS Person with significant control | Person with significant control | 2016 |
Former (5)
TJ Confidential Clerk | Confidential Clerk | 2016 – 2019 |
LJ | Audit | 2018 – 2023 |
MM Confidential Clerk | Confidential Clerk | 2016 – 2022 |
AK Chief Executive Officer | Chief Executive Officer | 2019 – 2022 |
KA Confidential Clerk | Confidential Clerk | 2019 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
PE Board of Directors | Board of Directors | 2022 |
Former (12)
PS Chairperson | Chairperson | 2018 – 2019 |
PO Chairperson | Chairperson | 2020 – 2021 |
TM Board of Directors | Board of Directors | 2021 – 2022 |
JT Board of Directors | Board of Directors | 2020 – 2022 |
JT Chairperson | Chairperson | 2021 – 2022 |
TH Board of Directors | Board of Directors | 2019 – 2020 |
EH Board of Directors | Board of Directors | 2020 – 2021 |
JS Board of Directors | Board of Directors | 2018 – 2019 |
LM Board of Directors | Board of Directors | 2018 – 2019 |
TS Board of Directors | Board of Directors | 2018 – 2020 |
KA Board of Directors | Board of Directors | 2021 – 2022 |
AK Board of Directors | Board of Directors | 2018 – 2020 |
Shareholders
Active legal ownersNo shareholder data available.
Related companies
Company hierarchy
MultiTaction Oy (this company)Multitouch Americas Inc., Yhdysvallat100% owned
MultiTaction UK Ltd., Iso-Britannia100% owned
Multitouch Asia Pte. Ltd., Singapore100% owned
Board network connections
Board members of MultiTaction Oy also hold positions in 130 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Lauri Janne Ilmari Mäki | Audit | 57 companiesMany roles |
| Petri Erkki Laine | Board of Directors | 16 companiesMany roles |
| Jussi Tapio Sainiemi | Board of Directors | 15 companiesMany roles |
| Taneli Johannes Virtanen | Confidential Clerk | 9 companiesMany roles |
| Juha Tapani Pinomaa | Chairperson | 7 companiesMany roles |
| Kristian Armas Johannes Järnefelt | Board of Directors | 6 companiesMany roles |
| Esa Heikki Tapani Harju | Board of Directors | 5 companies |
| Pertti Olavi Ervi | Chairperson | 4 companies |
| Ari Kalevi Rahkonen | Chief Executive Officer | 3 companies |
| Teo-Tuomas Hirvonen | Board of Directors | 3 companies |
| Tommi Sakari Ilmonen | Person with significant control | 2 companies |
| Tiina Marketta Hynninen | Board of Directors | 2 companies |
| Tommi Markus Saaristo | Confidential Clerk | 1 company |
Frequently asked questions
What is the Y-tunnus number of MultiTaction Oy?
MultiTaction Oy is registered with PRH / YTJ under Y-tunnus 2126814-5.
What is the revenue of MultiTaction Oy?
MultiTaction Oy reported revenue of €4.2m in 2021.
Where is MultiTaction Oy headquartered?
MultiTaction Oy's registered address is Rajatorpantie 8.