Glunga Oy

OYActive

Y-tunnus 3149207-9Nuppolantie 136, 54530 LuumäkiIndustrial product and fashion design activities· NACE 7411Est. 2020 · 6 years old1 employees

Overview

Glunga Oy is a Finnish OY based in Luumäki, operating in the Industrial product and fashion design activities sector. Incorporated in 2020, the company has 1 employee and reported revenue of €997 in its latest annual filing.

Revenue 2025

1K EUR

−62% vs 2024

EBITDA margin

−193.6 %

+73% vs 2024

Net profit 2025

-3.8K EUR

+58% vs 2024

Key ratios

See full ratios →

2.4 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

1.0×

Weak

Among the 30% lowest rated companies in the industry

20212025

-14.7 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

EBITDA — year on year

EUR

Key figures

Annual report 2025

Revenue	1K EUR	-62%
EBITDA	-1.9K EUR	+73%
Net profit	-3.8K EUR	+58%
Total assets	25.6K EUR	-11%
Equity	0.6K EUR	-56%
Employees	1	—

Financial development

In its most recent annual report (2025), Glunga Oy reported revenue of €997, a decrease of 62% 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 €3.8k, and the EBITDA margin stood at -193.6%.

At the end of 2025, equity financed 2.4% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

EUR

EBITDA

EUR

Income statement

EUR thousands

Item	2025	2024	2023	2022	2021
Revenue	1	3	3	9	0
Staff expenses	-0	-0	-0	—	—
EBITDA	-2	-7	-8	-9	-4
Depreciation & amort.	-2	-2	-2	-2	—
EBIT	-4	-9	-10	-11	-4
Net financials	0	-0	0	-0	-0
Profit before tax	-4	-9	-10	-11	-4
Tax	-0	-0	-0	-0	-0
Net profit	-4	-9	-10	-11	-4

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Balance sheet

EUR thousands

Item	2025	2024	2023	2022	2021
Total assets	26	29	31	37	5
Equity	1	1	5	5	1
Long-term debt	0	0	0	—	—
Short-term debt	25	28	26	31	4
Total debt	25	28	26	31	4

Financial ratios

5-year trend

EBITDA margin

-193.6 %

20212025

Equity ratio

2.4 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

Return on equity

-614.0 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Net profit margin

-378.1 %

Very weak

Among the 10% lowest rated companies in the industry

20212025

Asset turnover

0.04×

Very weak

Among the 20% lowest rated companies in the industry

20212025

Debt / equity

40.76×

Very weak

Among the 10% lowest rated companies in the industry

20212025

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 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 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 10% 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 ratioWeak

Among the 30% 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 10% 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 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 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 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 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 rate on debtVery strong

Among the 10% highest 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 20% 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.

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.

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.

Inventory turnoverVery strong

Among the 10% 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.

One-year change in equityVery weak

Among the 20% lowest 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.

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.

Annual reports & filings

Annual report 2025
Filed via PRH / YTJ · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via PRH / YTJ · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via PRH / YTJ · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via PRH / YTJ · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via PRH / YTJ · Period 2020-07-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
JJ Jenni Johanna Heikkinen Deputy Member	Deputy Member	2020

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
TH Tiina Heidi Maria Örling Board of Directors	Board of Directors	2020

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Glunga Oy also hold positions in 4 other companies.

Person	Role here	Other companies
Tiina Heidi Maria Örling	Board of Directors	3 companies
Jenni Johanna Heikkinen	Deputy Member	1 company

Frequently asked questions

What is the Y-tunnus number of Glunga Oy?

Glunga Oy is registered with PRH / YTJ under Y-tunnus 3149207-9.

What is the revenue of Glunga Oy?

Glunga Oy reported revenue of €997 in 2025.

How many employees does Glunga Oy have?

Glunga Oy employs 1 people as of the latest annual report.

Where is Glunga Oy headquartered?

Glunga Oy's registered address is Nuppolantie 136.