KymiRing Oy

OYBankrupt

Y-tunnus 2541237-8Kauppalankatu 6 A, 45100 KouvolaAmusement and recreation activities n.e.c.· NACE 9329Est. 2013 · 13 years old— employees

Overview

KymiRing Oy is a Finnish OY based in Kouvola, operating in the Amusement and recreation activities n.e.c. sector. Incorporated in 2013, the company reported revenue of €285.7k in its latest annual filing.

Revenue 2021

0.3M EUR

+44% vs 2020

EBITDA margin

−63.8 %

+11% vs 2020

Net profit 2021

-0.4M EUR

-40% vs 2020

Key ratios

See full ratios →

39.3 %

Average

Around the average of companies in the same industry

20182021

0.0×

Very weak

Among the 10% lowest rated companies in the industry

20182021

-1.5 %

Weak

Among the 40% lowest rated companies in the industry

20182021

EBITDA — year on year

EUR thousands

Key figures

Annual report 2021

Revenue	0.3M EUR	+44%
EBITDA	-0.2M EUR	+11%
Net profit	-0.4M EUR	-40%
Total assets	26.8M EUR	+23%
Equity	10.5M EUR	+13%
Employees	—	—

Contact

Address

Kauppalankatu 6 A, 45100 Kouvola

Phone

+3580407353967

riku.ronnholm@kymiring.fi

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Financial development

In its most recent annual report (2021), KymiRing Oy reported revenue of €285.7k, an increase of 44% 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 €393.1k, and the EBITDA margin stood at -63.8%.

At the end of 2021, equity financed 39.3% of the balance sheet, and current assets covered short-term debt 0 times.

Financials

Revenue

EUR thousands

EBITDA

EUR thousands

Income statement

EUR thousands

Item	2021	2020	2019	2018
Revenue	286	198	13	77
Staff expenses	-447	-423	-289	-113
EBITDA	-182	-204	-214	40
Depreciation & amort.	-105	-50	-34	-17
EBIT	-287	-255	-248	23
Net financials	-106	-26	-18	-3
Profit before tax	-393	-281	-266	20
Tax	-0	-0	-0	-0
Net profit	-393	-281	-266	20

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Balance sheet

EUR thousands

Item	2021	2020	2019	2018
Total assets	26,771	21,778	14,881	10,530
Equity	10,510	9,332	9,113	9,402
Long-term debt	12,652	10,834	2,826	2
Short-term debt	3,609	1,612	2,942	1,126
Total debt	16,261	12,446	5,768	1,128

Financial ratios

5-year trend

EBITDA margin

-63.8 %

20182021

Equity ratio

39.3 %

Average

Around the average of companies in the same industry

20182021

Return on equity

-3.7 %

Weak

Among the 30% lowest rated companies in the industry

20182021

Net profit margin

-137.6 %

Very weak

Among the 10% lowest rated companies in the industry

20182021

Asset turnover

0.01×

Very weak

Among the 20% lowest rated companies in the industry

20182021

Debt / equity

1.55×

Weak

Among the 40% lowest rated companies in the industry

20182021

Sector performance

26 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery strong

Among the 10% highest 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.

Return on equity (ROE)Weak

Among the 30% 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)Weak

Among the 30% 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 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 ratioVery weak

Among the 10% 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.

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 strong

Among the 10% highest 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 20% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

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.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% 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 equityWeak

Among the 40% 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 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 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 marginWeak

Among the 40% 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 weak

Among the 20% lowest 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 equityStrong

Among the 40% highest 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 2021
Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via PRH / YTJ · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via PRH / YTJ · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via PRH / YTJ · Period 2018-01-01 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Y-tunnus number of KymiRing Oy?

KymiRing Oy is registered with PRH / YTJ under Y-tunnus 2541237-8.

What is the revenue of KymiRing Oy?

KymiRing Oy reported revenue of €285.7k in 2021.

Where is KymiRing Oy headquartered?

KymiRing Oy's registered address is Kauppalankatu 6 A.