Nordcloud Oy
OYDissolvedY-tunnus 2827588-2Pohjoisesplanadi 37 A, 00100 HelsinkiComputing infrastructure, data processing, hosting and related activities· NACE 6310Est. 2017 · 9 years old251 employees
Loading company…
Overview
Nordcloud Oy is a Finnish OY based in Helsinki, operating in the Computing infrastructure, data processing, hosting and related activities sector. Incorporated in 2017, the company has 251 employees and reported revenue of €198.6m in its latest annual filing.
Revenue 2025
198.6M EUR
+19% vs 2024
EBITDA margin
−8.7 %
+64% vs 2024
Net profit 2025
-24.4M EUR
+52% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
7.6 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-16.8 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
EUR millionsKey figures
Annual report 2025| Revenue | 198.6M EUR | +19% |
| EBITDA | -17.3M EUR | +64% |
| Net profit | -24.4M EUR | +52% |
| Total assets | 145.3M EUR | -2% |
| Equity | 11M EUR | +29% |
| Employees | 251 | — |
Company information
Legal name
Nordcloud Oy
Y-tunnus number
2827588-2
Legal form
Osakeyhtiö
Founded
10 April 2017 · 9 years
Share capital
EUR 2,500
Employees
251 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja toimitusjohtaja kumpikin yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimiala on pääkonttorien toiminta ja liikkeenjohdon konsultointi, ulkoistamispalvelut, yhdistetyt toimistopalvelut, ohjelmistojen suunnittelu ja valmistus, tietojenkäsittely, palvelintilan vuokraus ja niihin liittyvät palvelut sekä konsultointi. Lisäksi yhtiö voi harjoittaa kiinteistöjen ja arvopapereiden ostamista, myyntiä, omistamista ja hallintaa.
(no translation available)
Address
Pohjoisesplanadi 37 A, 00100 Helsinki
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 (2025), Nordcloud Oy reported revenue of €198.6m, an increase of 19% 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 €24.4m, and the EBITDA margin stood at -8.7%.
At the end of 2025, equity financed 7.6% of the balance sheet, and current assets covered short-term debt 0.6 times.
Financials
Revenue
EUR millionsEBITDA
EUR millionsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 198,643 | 166,928 | 155,823 | 125,290 | 73,655 |
| Staff expenses | -24,450 | -33,528 | -40,354 | -36,194 | -18,260 |
| EBITDA | -17,335 | -48,544 | -68,330 | -100,034 | -34,858 |
| Depreciation & amort. | -5,023 | -10,272 | -4,164 | -2,339 | -670 |
| EBIT | -22,358 | -58,816 | -72,494 | -102,374 | -35,527 |
| Net financials | -2,060 | -3,677 | -4,114 | -525 | 21 |
| Profit before tax | -24,418 | -50,992 | -76,608 | -102,899 | -35,236 |
| Tax | -0 | -0 | -12 | 1 | -0 |
| Net profit | -24,418 | -50,992 | -76,596 | -102,900 | -35,236 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 145,253 | 148,955 | 163,577 | 131,972 | 99,449 |
| Equity | 11,030 | 8,548 | 17,341 | 8,937 | 26,836 |
| Long-term debt | 0 | 0 | 0 | 1,499 | 506 |
| Short-term debt | 134,222 | 140,406 | 146,236 | 121,536 | 72,107 |
| Total debt | 134,222 | 140,406 | 146,236 | 123,035 | 72,613 |
Financial ratios
5-year trendEBITDA margin
-8.7 %
20212025
Equity ratio
7.6 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
-221.4 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-12.3 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
1.37×
StrongAmong the 40% highest rated companies in the industry
20212025
Debt / equity
12.17×
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 marginVery weak
Among the 10% 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 marginWeak
Among the 30% 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 30% 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)Weak
Among the 30% 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)Weak
Among the 30% 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 ratioWeak
Among the 30% 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 10% 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 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 30% 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 30% 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 debtWeak
Among the 30% 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 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 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 marginWeak
Among the 30% 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 turnoverStrong
Among the 40% highest 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 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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 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) | ||
MJ Chief Executive Officer | Chief Executive Officer | 2025 |
JM Deputy Member | Deputy Member | 2025 |
Former (6)
TA Deputy Chief Executive Officer | Deputy Chief Executive Officer | 2024 – 2025 |
TJ | Audit | 2019 – 2020 |
EO Deputy Member | Deputy Member | 2017 – 2019 |
AH Deputy Member | Deputy Member | 2023 – 2025 |
| Audit | 2020 – 2023 | |
JM Chief Executive Officer | Chief Executive Officer | 2019 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
AI Board of Directors | Board of Directors | 2025 |
MJ Chairperson | Chairperson | 2025 |
ML Board of Directors | Board of Directors | 2024 |
Former (7)
TA Board of Directors | Board of Directors | 2023 – 2025 |
AD Board of Directors | Board of Directors | 2023 – 2024 |
JK Board of Directors | Board of Directors | 2019 – 2023 |
JI Board of Directors | Board of Directors | 2017 – 2023 |
FJ Chairperson | Chairperson | 2017 – 2023 |
RT Board of Directors | Board of Directors | 2019 – 2023 |
JM Chairperson | Chairperson | 2023 – 2025 |
Shareholders
Active legal ownersNo shareholder data available.
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Nordcloud Oy (this company)
Nordcloud ApS100% ownedNordcloud Hosting Sweden Ab100% ownedNordcloud Limited100% ownedNordcloud Sp. z.o.o.100% ownedNordcloud Austria GmbH100% ownedNordcloud AS100% ownedNordcloud B.V.100% ownedNordcloud Deutschland GmbH100% ownedNordcloud Switzerland GmbH100% ownedBoard network connections
Board members of Nordcloud Oy also hold positions in 167 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Valtteri Matti Eemeli Helenius | Audit | 127 companiesMany roles |
| Jussi Ilmari Autere | Board of Directors | 10 companiesMany roles |
| Tuomas Allan Ilmari Toropainen | Deputy Chief Executive Officer | 9 companiesMany roles |
| Terhi Johanna Mäkinen | Audit | 6 companiesMany roles |
| Risto Tapio Valtakari | Board of Directors | 5 companies |
| Juha Kalevi Putkiranta | Board of Directors | 4 companies |
| Eero Olavi Laivonen | Deputy Member | 3 companies |
| Jan Mikael Kritz | Chief Executive Officer | 2 companies |
| Fernando Jose Herrera Avila | Chairperson | 1 company |
Frequently asked questions
What is the Y-tunnus number of Nordcloud Oy?
Nordcloud Oy is registered with PRH / YTJ under Y-tunnus 2827588-2.
What is the revenue of Nordcloud Oy?
Nordcloud Oy reported revenue of €198.6m in 2025.
How many employees does Nordcloud Oy have?
Nordcloud Oy employs 251 people as of the latest annual report.
Who is the CEO of Nordcloud Oy?
Mark James Bennett is the CEO of Nordcloud Oy, in role since 2025.
Who is the chairman of Nordcloud Oy?
Mark James Bennett chairs the board of Nordcloud Oy, in role since 2025.
Where is Nordcloud Oy headquartered?
Nordcloud Oy's registered address is Pohjoisesplanadi 37 A.