Heatterm Oy

OYActive

Y-tunnus 3384100-9Länsikaari 6 B, 07900 LoviisaEconomic activity was not specified by tax authority· NACE 0000Est. 2023 · 3 years old31 employees

Overview

Heatterm Oy is a Finnish OY based in Loviisa, operating in the Economic activity was not specified by tax authority sector. Incorporated in 2023, the company has 31 employees and reported revenue of €1.8m in its latest annual filing.

Revenue 2025

1.8M EUR

−8% vs 2024

EBITDA margin

6.6 %

−49% vs 2024

Net profit 2025

0M EUR

-66% vs 2024

Key ratios

See full ratios →

33.1 %

Average

Around the average of companies in the same industry

20242025

2.5×

Strong

Among the 40% highest rated companies in the industry

20242025

3.1 %

Average

Around the average of companies in the same industry

20242025

EBITDA — year on year

EUR thousands

Key figures

Annual report 2025

Revenue	1.8M EUR	-8%
EBITDA	0.1M EUR	-49%
Net profit	0M EUR	-66%
Total assets	1M EUR	-14%
Equity	0.3M EUR	+2%
Employees	31	—

Contact

Address

Länsikaari 6 B, 07900 Loviisa

Phone

+3580503032729

juha.jaaskelainen@heatterm.fi

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Financial development

In its most recent annual report (2025), Heatterm Oy reported revenue of €1.8m, a decrease of 8% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of €31.0k, and the EBITDA margin stood at 6.6%.

At the end of 2025, equity financed 33.1% of the balance sheet, and current assets covered short-term debt 2.5 times.

Financials

Revenue

EUR thousands

EBITDA

EUR thousands

Income statement

EUR thousands

Item	2025	2024
Revenue	1,798	1,947
Staff expenses	-410	-438
EBITDA	119	233
Depreciation & amort.	-40	-42
EBIT	79	191
Net financials	-41	-78
Profit before tax	38	113
Tax	7	23
Net profit	31	90

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Balance sheet

EUR thousands

Item	2025	2024
Total assets	1,009	1,167
Equity	334	329
Long-term debt	323	441
Short-term debt	352	398
Total debt	676	839

Financial ratios

5-year trend

EBITDA margin

6.6 %

20242025

Equity ratio

33.1 %

Average

Around the average of companies in the same industry

20242025

Return on equity

9.3 %

Weak

Among the 40% lowest rated companies in the industry

20242025

Net profit margin

1.7 %

Weak

Among the 40% lowest rated companies in the industry

20242025

Asset turnover

1.78×

Average

Around the average of companies in the same industry

20242025

Debt / equity

2.02×

Weak

Among the 40% lowest rated companies in the industry

20242025

Sector performance

27 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 20% 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 marginAverage

Around the average of companies in the same 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.

Return on equity (ROE)Weak

Among the 40% 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)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Weak

Among the 40% 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 ratioStrong

Among the 40% highest 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 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.

Current assets to equityWeak

Among the 30% 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 capitalAverage

Around the average of companies in the same 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 strong

Among the 10% highest 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 ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% 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 equityWeak

Among the 40% 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 debtAverage

Around the average of companies in the same 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 coverageAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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 turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverVery strong

Among the 20% 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 equityWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtStrong

Among the 30% highest rated companies in the 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 2023-08-18 – 2024-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (5)
HM Håkan Mikael Tikander Deputy Member	Deputy Member	2023
JK Juha Kalevi Jääskeläinen Chief Executive Officer	Chief Executive Officer	2023
TA Tuula Annikki Salminen Deputy auditor	Deputy auditor	2023
JP Janne Petteri Virtanen Audit	Audit	2023
MJ Markku Juhani Mäkinen Deputy Chief Executive Officer	Deputy Chief Executive Officer	2023

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
JK Juha Kalevi Jääskeläinen Board of Directors	Board of Directors	2023
MJ Markku Juhani Mäkinen Chairperson	Chairperson	2023

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 Heatterm Oy also hold positions in 974 other companies.

Person	Role here	Other companies
Janne Petteri Virtanen	Audit	542 companiesMany roles
Tuula Annikki Salminen	Deputy auditor	428 companiesMany roles
Håkan Mikael Tikander	Deputy Member	3 companies
Markku Juhani Mäkinen	Deputy Chief Executive Officer	1 company

Frequently asked questions

What is the Y-tunnus number of Heatterm Oy?

Heatterm Oy is registered with PRH / YTJ under Y-tunnus 3384100-9.

What is the revenue of Heatterm Oy?

Heatterm Oy reported revenue of €1.8m in 2025.

How many employees does Heatterm Oy have?

Heatterm Oy employs 31 people as of the latest annual report.

Who is the CEO of Heatterm Oy?

Juha Kalevi Jääskeläinen is the CEO of Heatterm Oy.

Who is the chairman of Heatterm Oy?

Markku Juhani Mäkinen chairs the board of Heatterm Oy.

Where is Heatterm Oy headquartered?

Heatterm Oy's registered address is Länsikaari 6 B.