Smartvatten Group Oy
OYActiveY-tunnus 3192252-6Lars Sonckin Kaari 10, 02600 EspooActivities of holding companies· NACE 6421Est. 2021 · 5 years old147 employees
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Overview
Smartvatten Group Oy is a Finnish OY based in Espoo, operating in the Activities of holding companies sector. Incorporated in 2021, the company has 147 employees and reported revenue of €16.6m in its latest annual filing.
Revenue 2025
16.6M EUR
EBITDA margin
0.6 %
+200% vs 2024
Net profit 2025
-0.2M EUR
-19% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
83.8 %
AverageAround the average of companies in the same industry
20222025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 40% lowest rated companies in the industry
20222025
Return on assets (ROA)Net profit ÷ Total assets × 100
-0.3 %
WeakAmong the 30% lowest rated companies in the industry
20222025
EBITDA — year on year
EUR thousandsKey figures
Annual report 2025| Revenue | 16.6M EUR | — |
| EBITDA | 0.1M EUR | +200% |
| Net profit | -0.2M EUR | -19% |
| Total assets | 63M EUR | +9% |
| Equity | 52.8M EUR | +2% |
| Employees | 147 | — |
Company information
Legal name
Smartvatten Group Oy
Y-tunnus number
3192252-6
Legal form
Osakeyhtiö
NACE code
Founded
19 February 2021 · 5 years
Share capital
EUR 0
Employees
147 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Company purpose
Yhtiön toimiala on konserninhallinto- ja holdingyhtiötoiminnot.
(no translation available)
Address
Lars Sonckin Kaari 10, 02600 Espoo
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Financial development
In its most recent annual report (2025), Smartvatten Group Oy reported revenue of €16.6m. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net loss of €160.8k, and the EBITDA margin stood at 0.6%.
At the end of 2025, equity financed 83.8% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
EUR millionsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 16,633 | 0 | 0 | 0 |
| Staff expenses | -70 | -70 | -0 | -35 |
| EBITDA | 107 | -107 | 0 | -54 |
| Depreciation & amort. | -0 | -0 | -0 | — |
| EBIT | 107 | -107 | 0 | -54 |
| Net financials | -268 | -28 | 0 | -310 |
| Profit before tax | -161 | -135 | 0 | -364 |
| Tax | -0 | -0 | -0 | -0 |
| Net profit | -161 | -135 | 0 | -364 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total assets | 62,989 | 58,027 | 52,977 | 47,679 |
| Equity | 52,793 | 51,610 | 33,663 | 38,607 |
| Long-term debt | 221 | 182 | 4,191 | 167 |
| Short-term debt | 9,975 | 6,235 | 7,590 | 8,905 |
| Total debt | 10,196 | 6,417 | 11,781 | 9,072 |
Financial ratios
5-year trendEBITDA margin
0.6 %
20222025
Equity ratio
83.8 %
AverageAround the average of companies in the same industry
20222025
Return on equity
-0.3 %
WeakAmong the 30% lowest rated companies in the industry
20222025
Net profit margin
-1.0 %
WeakAmong the 30% lowest rated companies in the industry
20222025
Asset turnover
0.26×
StrongAmong the 30% highest rated companies in the industry
20222025
Debt / equity
0.19×
AverageAround the average of companies in the same industry
20222025
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% 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 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 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)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 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)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)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
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.
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 ratioWeak
Among the 40% 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 20% 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 equityStrong
Among the 40% 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 capitalWeak
Among the 30% 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 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
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 ratioStrong
Among the 40% highest 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 equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same 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 debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest 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 turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
One-year change in equityAverage
Around the average of companies in the same 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.
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 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
ME Confidential Clerk | Confidential Clerk | 2024 |
TT Deputy Member | Deputy Member | 2022 |
PQ Chief Executive Officer | Chief Executive Officer | 2024 |
JS Confidential Clerk | Confidential Clerk | 2022 |
Former (4)
LS Confidential Clerk | Confidential Clerk | 2022 – 2024 |
PB Deputy Member | Deputy Member | 2021 – 2022 |
HK Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
TM Audit | Audit | 2022 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
JM Board of Directors | Board of Directors | 2022 |
PB Chairperson | Chairperson | 2025 |
KT Board of Directors | Board of Directors | 2022 |
PQ Board of Directors | Board of Directors | 2025 |
MK Board of Directors | Board of Directors | 2022 |
CW Board of Directors | Board of Directors | 2022 |
Former (2)
TT Board of Directors | Board of Directors | 2022 – 2022 |
MH Board of Directors | Board of Directors | 2021 – 2023 |
Shareholders
Active legal ownersNo shareholder data available.
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Company hierarchy
Smartvatten Group Oy 
Smartvatten HoldCo OyBoard network connections
Board members of Smartvatten Group Oy also hold positions in 69 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tero Tapani Luoma | Deputy Member | 16 companiesMany roles |
| Kati Tuulikki Salo | Board of Directors | 11 companiesMany roles |
| Joe Matias Hamari | Board of Directors | 9 companiesMany roles |
| Markus Erkki Tapio Anttila | Confidential Clerk | 8 companiesMany roles |
| Jussi Samuli Niiniaho | Confidential Clerk | 8 companiesMany roles |
| Matti Kalevi Nevala | Board of Directors | 5 companies |
| Lauri Samuli Kalliokoski | Confidential Clerk | 4 companies |
| Petter Quinsgaard | Chief Executive Officer | 3 companies |
| Marika Heleena af Enehjelm | Board of Directors | 3 companies |
| Per-Ola Baalerud | Deputy Member | 1 company |
| Toni Mikael Ramu | Audit | 1 company |
Frequently asked questions
What is the Y-tunnus number of Smartvatten Group Oy?
Smartvatten Group Oy is registered with PRH / YTJ under Y-tunnus 3192252-6.
What is the revenue of Smartvatten Group Oy?
Smartvatten Group Oy reported revenue of €16.6m in 2025.
How many employees does Smartvatten Group Oy have?
Smartvatten Group Oy employs 147 people as of the latest annual report.
Who is the CEO of Smartvatten Group Oy?
Petter Quinsgaard is the CEO of Smartvatten Group Oy, in role since 2024.
Who is the chairman of Smartvatten Group Oy?
Per-Ola Baalerud chairs the board of Smartvatten Group Oy, in role since 2025.
Where is Smartvatten Group Oy headquartered?
Smartvatten Group Oy's registered address is Lars Sonckin Kaari 10.