Smartvatten Oy
OYActiveY-tunnus 2579363-3Keilaranta 10, 02150 EspooEngineering activities and related technical consultancy· NACE 7112Est. 2013 · 12 years old76 employeeshttps://www.smartvatten.fi
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Overview
Smartvatten Oy is a Finnish OY based in Espoo, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2013, the company has 76 employees and reported revenue of €6.5m in its latest annual filing.
Revenue 2025
6.5M EUR
+9% vs 2024
EBITDA margin
−77.6 %
−11% vs 2024
Net profit 2025
-7M EUR
-3% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
7.6 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.7×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-30.4 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
EBITDA — year on year
EUR thousandsKey figures
Annual report 2025| Revenue | 6.5M EUR | +9% |
| EBITDA | -5.1M EUR | -11% |
| Net profit | -7M EUR | -3% |
| Total assets | 22.9M EUR | +111% |
| Equity | 1.7M EUR | +134% |
| Employees | 76 | — |
Company information
Legal name
Smartvatten Oy
Y-tunnus number
2579363-3
Legal form
Osakeyhtiö
NACE code
Founded
24 October 2013 · 12 years
Share capital
EUR 2,500
Employees
76 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja hallituksen jäsen yhdessä
Company purpose
Yhtiön toimialana on tehokas vedenkulutuksen seuranta ja vuotojen paikannus, veden mittaus- ja säästöratkaisut sekä analytiikka-, ylläpito- ja muiden palveluiden tarjoaminen. Lisäksi yhtiön toimialana on vedenmittausjärjestelmien valmistus ja kauppa sekä muu laillinen liiketoiminta.
(no translation available)
Contact
Address
Keilaranta 10, 02150 Espoo
Phone
+3580207414020
Email
info@smartvatten.fi
Website
https://www.smartvatten.fi
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Financial development
In its most recent annual report (2025), Smartvatten Oy reported revenue of €6.5m, an increase 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 €7.0m, and the EBITDA margin stood at -77.6%.
At the end of 2025, equity financed 7.6% of the balance sheet, and current assets covered short-term debt 0.7 times.
Financials
Revenue
EUR thousandsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6,512 | 5,996 | 4,475 | 3,767 | 3,769 |
| Staff expenses | -5,151 | -4,856 | -3,914 | -1,976 | -1,305 |
| EBITDA | -5,053 | -4,557 | -5,300 | -3,447 | -121 |
| Depreciation & amort. | -2,044 | -1,683 | -968 | -586 | -517 |
| EBIT | -7,096 | -6,241 | -6,269 | -4,032 | -638 |
| Net financials | -775 | -527 | -444 | 13 | -23 |
| Profit before tax | -6,958 | -6,768 | -5,853 | -3,743 | -661 |
| Tax | -0 | -0 | 15 | -0 | -0 |
| Net profit | -6,958 | -6,768 | -5,868 | -3,743 | -661 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 22,876 | 10,822 | 11,026 | 6,989 | 9,272 |
| Equity | 1,742 | -5,140 | 1,578 | 2,205 | 5,705 |
| Long-term debt | 12,590 | 10,467 | 5,500 | 1,336 | 974 |
| Short-term debt | 7,979 | 5,495 | 3,948 | 3,448 | 2,593 |
| Total debt | 20,570 | 15,962 | 9,448 | 4,784 | 3,567 |
Financial ratios
5-year trendEBITDA margin
-77.6 %
20212025
Equity ratio
7.6 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
-399.4 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-106.8 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
0.28×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
12.13×
Very weakAmong the 10% 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 marginAverage
Around the average of companies in the same 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)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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 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 10% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 10% 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 10% 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 debtVery weak
Among the 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% 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 20% 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 10% 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 debtWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
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 (2) | ||
ME Confidential Clerk | Confidential Clerk | 2024 |
JS Confidential Clerk | Confidential Clerk | 2024 |
Former (10)
JM Confidential Clerk | Confidential Clerk | 2015 – 2023 |
LS Deputy Member | Deputy Member | 2023 – 2024 |
HS Confidential Clerk | Confidential Clerk | 2015 – 2019 |
TK Deputy auditor | Deputy auditor | 2013 – 2019 |
TH Audit | Audit | 2013 – 2019 |
HK Confidential Clerk | Confidential Clerk | 2023 – 2023 |
OA Deputy Member | Deputy Member | 2022 – 2023 |
MK Confidential Clerk | Confidential Clerk | 2015 – 2023 |
HJ Chief Executive Officer | Chief Executive Officer | 2013 – 2019 |
TM Audit | Audit | 2019 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
ME Board of Directors | Board of Directors | 2023 |
PQ Chairperson | Chairperson | 2024 |
JS Board of Directors | Board of Directors | 2024 |
Former (7)
KS Board of Directors | Board of Directors | 2018 – 2021 |
TT Board of Directors | Board of Directors | 2021 – 2022 |
PB Board of Directors | Board of Directors | 2021 – 2022 |
MH Board of Directors | Board of Directors | 2021 – 2023 |
HK Chairperson | Chairperson | 2023 – 2024 |
MK Board of Directors | Board of Directors | 2021 – 2022 |
JV Board of Directors | Board of Directors | 2019 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
Smartvatten Group Oy100%
Smartvatten Oy (this company)Smartvatten AB100% ownedSmartvatten GmbH100% ownedAQVA.IO Oy100% ownedSmartvatten B.V100% ownedSmartvatten AS100% ownedSmartvatten AS100% ownedSmartvatten A/S100% ownedEnvera Sverige AB100% ownedSmartvatten A/S100% ownedSmartvatten AB100% ownedSmartvatten B.V.100% ownedSmartvatten GmbH100% ownedBoard network connections
Board members of Smartvatten Oy also hold positions in 671 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tero Heikki Paukku | Audit | 336 companiesMany roles |
| Tapani Kristian Kärkkäinen | Deputy auditor | 202 companiesMany roles |
| Kari-Pekka Sakari Tammela | Board of Directors | 44 companiesMany roles |
| Tero Tapani Luoma | Board of Directors | 17 companiesMany roles |
| Outi Annika Kreus | Deputy Member | 11 companiesMany roles |
| Jussi Vihtori Aho | Board of Directors | 11 companiesMany roles |
| Joe Matias Hamari | Confidential Clerk | 10 companiesMany roles |
| Markus Erkki Tapio Anttila | Confidential Clerk | 8 companiesMany roles |
| Jussi Samuli Niiniaho | Confidential Clerk | 8 companiesMany roles |
| Matti Kalevi Nevala | Confidential Clerk | 6 companiesMany roles |
| Lauri Samuli Kalliokoski | Deputy Member | 4 companies |
| Henri Juhani Kajula | Chief Executive Officer | 4 companies |
| Marika Heleena af Enehjelm | Board of Directors | 3 companies |
| Petter Quinsgaard | Chairperson | 3 companies |
| Per-Ola Baalerud | Board of Directors | 2 companies |
| Henri Samuli Setälä | Confidential Clerk | 1 company |
| Toni Mikael Ramu | Audit | 1 company |
Frequently asked questions
What is the Y-tunnus number of Smartvatten Oy?
Smartvatten Oy is registered with PRH / YTJ under Y-tunnus 2579363-3.
What is the revenue of Smartvatten Oy?
Smartvatten Oy reported revenue of €6.5m in 2025.
How many employees does Smartvatten Oy have?
Smartvatten Oy employs 76 people as of the latest annual report.
Who is the chairman of Smartvatten Oy?
Petter Quinsgaard chairs the board of Smartvatten Oy, in role since 2024.
Where is Smartvatten Oy headquartered?
Smartvatten Oy's registered address is Keilaranta 10.