Risk grade updatedRisk gradeEvidence verified
25 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B1 → A2.Business profile
Convertwell Oy Ab
Convertwell Oy Ab's registered office is Littoinen. It is a limited company. The company was established on 2015-12-01. It operates in the industry of other technical testing and analysis. In its latest retained statement for 2024-12-31, revenue was €1,582,659 and operating profit was €343,101.
Business ID 2719467-7ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 2719467-7
- Sector
- Other technical testing and analysis
- Municipality
- Littoinen
- Company form
- Limited company
- Registration date
- 2015-12-01
- Business ID registration date
- 2015-10-21
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: Kirjokannenkatu 11, 20660, Littoinen
Website: https://www.convertwell.fiSource observation
About Convertwell Oy Ab
Financial position and key figures for the company.
Convertwell Oy Ab's location municipality is Littoinen. It is a limited company. The company was established on 2015-12-01. It operates in the industry of other technical testing and analysis. In its latest retained statement for 2024-12-31, revenue was €1,582,659 and operating profit was €343,101. The latest retained financial statement for 2024-12-31 shows revenue of €1,582,659 and profit for the financial year of €310,095. Based on the latest retained statement, revenue growth was +50.5%, operating margin was +21.7%, and equity ratio was +72.5%.
Financial highlights
Key figures from the latest financial period.
Latest financial period
2024-12-31
5
2
PRH/XBRL financial statement
Derived indicators
Revenue growth50.5%
Operating margin21.7%
Equity ratio72.5%
Balance-sheet contextLatest financial period
Inventory€35,045Previous: €34,573
Cash and bank€7,144Previous: €65,824
Advances received€58,182Previous: €87,660
Retained earnings€205,940Previous: €135,002
Equity€518,535Previous: €258,440
Liabilities€196,475Previous: €133,448
Current assets€686,792Previous: €354,264
Current liabilities€196,475Previous: €133,448
Revenue trend2 periods
€1,051,321
2023-12-31
€1,582,659
2024-12-31
Operating profit (loss) trend2 periods
€110,585
2023-12-31
€343,101
2024-12-31
Profit (loss) for the financial year trend2 periods
€120,939
2023-12-31
€310,095
2024-12-31
Assets trend2 periods
€391,888
2023-12-31
€715,010
2024-12-31
Financial ratios
Financial ratios based on financial statement data. Source: PRH/XBRL-tilinpäätös.
Equity ratioGood
99/100 · Declining
Current ratioWeak
7/100 · Declining
Operating profit marginGood
100/100 · Improving
Ratio history
| Ratio | 2023-12-31 | 2024-12-31 |
|---|---|---|
| Equity ratio | 85.0 % | 79.0 % |
| Current ratio | 0.75x | 0.21x |
| Operating profit margin | 10.5 % | 21.7 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID2719467-7
VAT IDFI27194677
EU IDFIFPRO.2719467-7
MunicipalityLittoinen
Current registered entries
2015-12-01Registered in Tax Administration (Tax Administration)
2016-01-01VAT-liable for business activity in Tax Administration (VAT Register)
2020-10-22Registered in Patent and Registration Office (Trade Register)
2021-11-10Registered in Tax Administration (Prepayment Register)
2023-09-01Registered in Tax Administration (Employer Register)
Risk certificate
An open-data based company stability and risk signal.
BUSINESS.fi
BUSINESS.fi Luottoluokitus
Profile-specific risk signal based on open data
Automatic gradeNot a credit decision
A2
Very goodConvertwell Oy Ab
Grade upgradedB1 → A2 · new analysis 2026-09-25
80/100
High
Strong financial evidenceFinancial data included
Several key financial indicators have weakened across comparable fiscal periods.
3 comparable periodsRevenueImproving
ProfitabilityImproving
Same size nationallyDescriptive comparison – does not change the model score.
104 peersSolvency84%
Better than 84% of peers
Profitability88%
Better than 88% of peers
Liquidity44%
Below 56% of peers
Revenue growth83%
Better than 83% of peers
RegularBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
4 observed filings245 days after period end
166 days after period end
4 consecutive periods
Supporting factors
- Strong equity ratio
- Strong operating profitability
- Active registered status
Risk factors to note
- Weak current ratio
- Coordinated deterioration across 2 financial domains
- Elevated industry distress context
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
4 assessmentsA2
2026-09-25 00:4280/100 · v0.14
B1 → A2 · +17 points- Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2024-12-31).
- Assessment confidence: Medium → High.
- Evidence quality: Registry and statistical evidence → Strong financial evidence.
B1
2026-09-1563/100 · v0.14
B2 → B1 · +4 points- Assessment confidence: Low → Medium.
- Evidence quality: Registry and statistical evidence → Registry and statistical evidence.
- New risk factor: Sufficient structured financial metrics are not available.
B2
2026-09-1459/100 · v0.12
Oldest retained automatic assessment in this comparisonA2
2026-09-25
open-risk-grade-v0.14
The grade can use open digital financial statement data together with registry signals.
Risk context
When sufficient source-backed financial metrics are not available for a Tier 1 assessment, BUSINESS.fi shows registry, industry, and regional context.
Industry riskelevated
47/100
Industry context is elevated based on normalized open statistical inputs.
Age and continuityVakiintunut
80/100
The company has about 10 years of registry continuity.
Registry and status signalsVakaa
80/100
Registry history, filing recency, and active register markings are still limited or mixed.
Events & news
Verified events and sourced external company news in one timeline.
Risk grade updatedRisk gradeEvidence verified
15 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B1.Risk grade updatedRisk gradeEvidence verified
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.Registry timeline
Trade register notifications shown on a timeline.
21 register eventsLatest event: 2025-09-02
Financial statements availability
Available financial statement periods and PRH source filings.
5 financial statement periodsLatest financial period: 2024-12-31
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2025-12-31.
This company profile has not been claimed yet
Convertwell Oy Ab shows public core facts. A company representative can claim the profile, update public information, and access owner tools.