Happeo Oy
OYActiveY-tunnus 2802188-2Mikonkatu 9, 00100 HelsinkiOther information technology and computer service activities· NACE 6290Est. 2016 · 9 years old81 employeeshttps://www.happeo.com
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Overview
Happeo Oy is a Finnish OY based in Helsinki, operating in the Other information technology and computer service activities sector. Incorporated in 2016, the company has 81 employees and reported revenue of €9.5m in its latest annual filing.
Revenue 2024
9.5M EUR
0% vs 2023
EBITDA margin
—
Net profit 2024
0M EUR
81 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
0.0 %
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
1.6×
WeakAmong the 40% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
0.0 %
20202024
EBITDA — year on year
EUR thousandsKey figures
Annual report 2024| Revenue | 9.5M EUR | 0% |
| EBITDA | 0M EUR | — |
| Net profit | 0M EUR | — |
| Total assets | 0M EUR | — |
| Equity | 0M EUR | — |
| Employees | 81 | — |
Company information
Legal name
Happeo Oy
Y-tunnus number
2802188-2
Legal form
Osakeyhtiö
NACE code
Founded
21 December 2016 · 9 years
Share capital
EUR 2,600
Employees
81 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja toimitusjohtaja kumpikin yksin
Company purpose
Yhtiön toimiala on ohjelmistojen suunnittelu, kehitys, myynti, tuki ja ylläpito sekä näihin liittyvät konsultointi- ja koulutuspalvelut. Yhtiö voi lisäksi omistaa arvopapereita.
(no translation available)
Contact
Address
Mikonkatu 9, 00100 Helsinki
Website
https://www.happeo.com
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Financial development
In its most recent annual report (2024), Happeo Oy reported revenue of €9.5m, broadly in line with the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a break-even result.
At the end of 2024, current assets covered short-term debt 1.6 times.
Financials
Revenue
EUR thousandsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 9,466 | 9,509 | 8,045 | 4,733 | 2,600 |
| Staff expenses | -68,827 | -8,274 | -6,647 | -4,863 | -2,692 |
| EBITDA | 0 | 0 | -6,806 | -5,382 | -2,993 |
| Depreciation & amort. | -1,514 | -1,092 | -782 | -602 | -477 |
| EBIT | 0 | 0 | -7,588 | -5,984 | -3,470 |
| Net financials | 294 | 97 | -150 | -81 | -86 |
| Profit before tax | 0 | 0 | -7,738 | -6,066 | -3,556 |
| Tax | -0 | -0 | 36 | 54 | -1 |
| Net profit | 0 | 0 | -7,774 | -6,119 | -3,555 |
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Balance sheet
EUR thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 0 | 0 | 15,336 | 9,525 | 13,921 |
| Equity | 0 | 0 | 10,196 | 3,289 | 9,409 |
| Long-term debt | 54 | 147 | 209 | 1,606 | 1,488 |
| Short-term debt | 3,287 | 3,871 | 4,931 | 4,630 | 3,024 |
| Total debt | 0 | 0 | 5,140 | 6,236 | 4,512 |
Financial ratios
5-year trendEBITDA margin
0.0 %
20202024
Equity ratio
0.0 %
20202024
Return on equity
—
20202024
Net profit margin
0.0 %
WeakAmong the 40% lowest rated companies in the industry
20202024
Asset turnover
>999×
20202024
Debt / equity
—
20202024
Sector performance
8 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 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 40% 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.
Capacity ratioAverage
Around the average of companies in the same 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Fixed assets to long-term capitalVery strong
Among the 10% 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.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Cash conversion ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
Equity to contributed capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
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.
One-year change in debtNot 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 debt.
Annual reports & filings
- 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
- Annual report 2020Filed via PRH / YTJ · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
PK Chief Executive Officer | Chief Executive Officer | 2018 |
Former (3)
MP | Audit | 2020 – 2023 |
LJ Confidential Clerk | Confidential Clerk | 2018 – 2021 |
JT Audit | Audit | 2018 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
PK Board of Directors | Board of Directors | 2018 |
SK Board of Directors | Board of Directors | 2025 |
AI Board of Directors | Board of Directors | 2019 |
MA Chairperson | Chairperson | 2022 |
TA Board of Directors | Board of Directors | 2022 |
CH Board of Directors | Board of Directors | 2024 |
Former (9)
JJ Board of Directors | Board of Directors | 2022 – 2023 |
FJ Board of Directors | Board of Directors | 2022 – 2024 |
PP Board of Directors | Board of Directors | 2018 – 2022 |
HM Board of Directors | Board of Directors | 2018 – 2021 |
TT Chairperson | Chairperson | 2018 – 2022 |
VY Board of Directors | Board of Directors | 2018 – 2019 |
MM Board of Directors | Board of Directors | 2023 – 2025 |
KR Board of Directors | Board of Directors | 2020 – 2022 |
JA Board of Directors | Board of Directors | 2021 – 2022 |
Shareholders
Active legal ownersNo shareholder data available.
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Company hierarchy
Happeo Oy (this company)
Happeo Ltd100% ownedHappeo B.V.100% ownedHappeo Inc.100% ownedHappeo Software Services SRL100% ownedBoard network connections
Board members of Happeo Oy also hold positions in 107 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Mikko Antti Mikael Kuitunen | Chairperson | 21 companiesMany roles |
| Juha-Pekka Arala | Board of Directors | 18 companiesMany roles |
| Tero Tapani Luoma | Chairperson | 17 companiesMany roles |
| Pasi Pirkka Palomäki | Board of Directors | 13 companiesMany roles |
| Vesa Yrjö Peter Sironen | Board of Directors | 10 companiesMany roles |
| Hannu Matti Kytölä | Board of Directors | 7 companiesMany roles |
| Antero Ilkka Tapio Hanhirova | Board of Directors | 7 companiesMany roles |
| Lasse Johannes Voipio | Confidential Clerk | 6 companiesMany roles |
| Perttu Kaarlo Rafael Ojansuu | Chief Executive Officer | 4 companies |
| Jussi Tapio Paski | Audit | 3 companies |
| Jelle Jan Bruinsma | Board of Directors | 1 company |
Frequently asked questions
What is the Y-tunnus number of Happeo Oy?
Happeo Oy is registered with PRH / YTJ under Y-tunnus 2802188-2.
What is the revenue of Happeo Oy?
Happeo Oy reported revenue of €9.5m in 2024.
How many employees does Happeo Oy have?
Happeo Oy employs 81 people as of the latest annual report.
Who is the CEO of Happeo Oy?
Perttu Kaarlo Rafael Ojansuu is the CEO of Happeo Oy, in role since 2018.
Who is the chairman of Happeo Oy?
Mikko Antti Mikael Kuitunen chairs the board of Happeo Oy, in role since 2022.
Where is Happeo Oy headquartered?
Happeo Oy's registered address is Mikonkatu 9.