Oy Checkmark Ltd
OYActiveY-tunnus 2278277-9Hallipussi 5, 76100 PieksämäkiManufacture of furniture· NACE 3100Est. 2009 · 17 years old47 employees
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Overview
Oy Checkmark Ltd is a Finnish OY based in Pieksämäki, operating in the Manufacture of furniture sector. Incorporated in 2009, the company has 47 employees and reported revenue of €11.2m in its latest annual filing.
Revenue 2025
11.2M EUR
−13% vs 2024
EBITDA margin
12.9 %
−6% vs 2024
Net profit 2025
1.1M EUR
-28% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
70.5 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
3.3×
StrongAmong the 40% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
28.7 %
Very strongAmong the 10% highest rated companies in the industry
20212025
EBITDA — year on year
EUR thousandsKey figures
Annual report 2025| Revenue | 11.2M EUR | -13% |
| EBITDA | 1.4M EUR | -6% |
| Net profit | 1.1M EUR | -28% |
| Total assets | 3.9M EUR | -27% |
| Equity | 2.8M EUR | -24% |
| Employees | 47 | — |
Company information
Legal name
Oy Checkmark Ltd
Y-tunnus number
2278277-9
Legal form
Osakeyhtiö
NACE code
3100 · Manufacture of furniture
Founded
24 July 2009 · 17 years
Share capital
EUR 100,000
Employees
47 (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
Kaupan kassa-alueelle ja kulunohjaukseen liittyvien laitteiden ja järjestelmien kehittäminen, valmistaminen ja myynti. Alaan liittyvä koulutus, konsultointi ja aineettomien oikeuksien hallinta. Yhtiö voi toimia konsernin emoyhtiönä ja liiketoimintaa voidaan myös harjoittaa tytäryhtiön kautta.
(no translation available)
Address
Hallipussi 5, 76100 Pieksämäki
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Financial development
In its most recent annual report (2025), Oy Checkmark Ltd reported revenue of €11.2m, a decrease of 13% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of €1.1m, and the EBITDA margin stood at 12.9%.
At the end of 2025, equity financed 70.5% of the balance sheet, and current assets covered short-term debt 3.3 times.
Financials
Revenue
EUR millionsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 11,208 | 12,917 | 12,708 | 13,463 | 12,122 |
| Staff expenses | -2,435 | -2,469 | -2,215 | -2,363 | -2,331 |
| EBITDA | 1,449 | 1,547 | 1,497 | 1,576 | 1,635 |
| Depreciation & amort. | -49 | -26 | -31 | -27 | -43 |
| EBIT | 1,400 | 1,521 | 1,467 | 1,548 | 1,592 |
| Net financials | 20 | 355 | -225 | 5 | -26 |
| Profit before tax | 1,420 | 1,897 | 1,302 | 1,554 | 1,566 |
| Tax | 289 | 316 | 286 | 311 | 317 |
| Net profit | 1,131 | 1,581 | 1,017 | 1,243 | 1,249 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 3,944 | 5,374 | 4,527 | 7,408 | 7,088 |
| Equity | 2,781 | 3,650 | 3,069 | 3,753 | 4,510 |
| Long-term debt | 0 | 0 | 0 | 182 | 283 |
| Short-term debt | 1,162 | 1,724 | 1,458 | 3,473 | 2,295 |
| Total debt | 1,162 | 1,724 | 1,458 | 3,655 | 2,578 |
Financial ratios
5-year trendEBITDA margin
12.9 %
20212025
Equity ratio
70.5 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
40.7 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Net profit margin
10.1 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
2.84×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
0.42×
StrongAmong the 40% highest rated companies in the industry
20212025
Sector performance
28 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 marginStrong
Among the 30% highest 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 marginStrong
Among the 30% highest 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 strong
Among the 20% highest 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 strong
Among the 10% highest 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 strong
Among the 20% highest 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 strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 30% highest 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 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 equityWeak
Among the 40% 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 strong
Among the 20% highest 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest 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 ratioStrong
Among the 40% highest 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 equityStrong
Among the 40% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest 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 strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest 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 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% highest 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.
Inventory turnoverAverage
Around the average of companies in the same 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 capitalAverage
Around the average of companies in the same 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 strong
Among the 20% 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 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 (1) | ||
PJ Chief Executive Officer | Chief Executive Officer | 2022 |
Former (6)
MS | Audit | 2022 – 2023 |
ME | Audit | 2016 – 2022 |
VE Deputy auditor | Deputy auditor | 2016 – 2022 |
JA Confidential Clerk | Confidential Clerk | 2015 – 2021 |
JA Confidential Clerk | Confidential Clerk | 2021 – 2024 |
JT Chief Executive Officer | Chief Executive Officer | 2016 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
PJ Board of Directors | Board of Directors | 2022 |
KE Board of Directors | Board of Directors | 2022 |
PE Board of Directors | Board of Directors | 2026 |
JO Chairperson | Chairperson | 2026 |
Former (6)
JA Chairperson | Chairperson | 2017 – 2022 |
RT Board of Directors | Board of Directors | 2017 – 2022 |
KV Board of Directors | Board of Directors | 2017 – 2022 |
HG Board of Directors | Board of Directors | 2017 – 2022 |
UE Board of Directors | Board of Directors | 2022 – 2026 |
UA Chairperson | Chairperson | 2022 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
ITAB Finland Holding Oy
Oy Checkmark Ltd Board network connections
Board members of Oy Checkmark Ltd also hold positions in 219 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Vilho Edvard Kallinen | Deputy auditor | 76 companiesMany roles |
| Matti Eino Ilmari Hänninen | Audit | 69 companiesMany roles |
| Mervi Susanna Markkanen | Audit | 29 companiesMany roles |
| Henrik Gerhard Hästö | Board of Directors | 19 companiesMany roles |
| Karri Esa Kullervo Lähteenmäki | Board of Directors | 5 companies |
| Kuisma Veli-Pekka Kalervo Niemelä | Board of Directors | 5 companies |
| Peter John Valter Nordgren | Chief Executive Officer | 4 companies |
| Per Erik Andreas Helmersson | Board of Directors | 4 companies |
| Jukka Artturi Pihlajamäki | Chairperson | 3 companies |
| Jan Ola Fredrik Bäckstrand Andersson | Chairperson | 3 companies |
| Jouko Antero Pihlajamäki | Confidential Clerk | 1 company |
| Raila Tuulikki Pihlajamäki | Board of Directors | 1 company |
Frequently asked questions
What is the Y-tunnus number of Oy Checkmark Ltd?
Oy Checkmark Ltd is registered with PRH / YTJ under Y-tunnus 2278277-9.
What is the revenue of Oy Checkmark Ltd?
Oy Checkmark Ltd reported revenue of €11.2m in 2025.
How many employees does Oy Checkmark Ltd have?
Oy Checkmark Ltd employs 47 people as of the latest annual report.
Who is the CEO of Oy Checkmark Ltd?
Peter John Valter Nordgren is the CEO of Oy Checkmark Ltd, in role since 2022.
Who is the chairman of Oy Checkmark Ltd?
Jan Ola Fredrik Bäckstrand Andersson chairs the board of Oy Checkmark Ltd, in role since 2026.
Where is Oy Checkmark Ltd headquartered?
Oy Checkmark Ltd's registered address is Hallipussi 5.