Risk grade updatedRisk gradeEvidence verified
26 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B1 → A2.Business profile
Elo & Elo Oy
Elo & Elo Oy's registered office is Turku. It is a limited company. The company was established on 1981-10-01. It operates in the industry of development of building projects. In its latest retained statement for 2022-09-30, revenue was €536,591 and operating profit was €319,049.
Business ID 0432653-4ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 0432653-4
- Sector
- Development of building projects
- Municipality
- Turku
- Company form
- Limited company
- Registration date
- 1981-10-01
- Business ID registration date
- 1981-11-17
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: FISKARSINKATU 7 C, 20750, Turku
Website: https://www.vs-rappaus.fiSource observation
About Elo & Elo Oy
Financial position and key figures for the company.
Elo & Elo Oy's location municipality is Turku. It is a limited company. The company was established on 1981-10-01. It operates in the industry of development of building projects. In its latest retained statement for 2022-09-30, revenue was €536,591 and operating profit was €319,049. The latest retained financial statement for 2022-09-30 shows revenue of €536,591 and profit for the financial year of €235,054. Based on the latest retained statement, revenue growth was +11.3%, operating margin was +59.5%, and equity ratio was +58.3%.
Financial highlights
Key figures from the latest financial period.
Latest financial period
2022-09-30
1
1
PRH/XBRL financial statement
Derived indicators
Revenue growth11.3%
Operating margin59.5%
Equity ratio58.3%
Balance-sheet contextLatest financial period
Inventory€3,084,842Previous: €3,084,842
Cash and bank€14,033Previous: €90,752
Retained earnings€1,872,485Previous: €1,784,812
Equity€2,227,546Previous: €2,166,492
Liabilities€1,595,315Previous: €1,690,403
Current assets€3,687,964Previous: €3,721,230
Current liabilities€1,595,315Previous: €1,690,403
Financial ratios
Financial ratios based on financial statement data. Source: PRH/XBRL-tilinpäätös.
Equity ratioGood
73/100 · Improving
Current ratioSatisfactory
65/100 · Improving
Operating profit marginGood
100/100 · Declining
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID0432653-4
VAT IDFI04326534
EU IDFIFPRO.0432653-4
MunicipalityTurku
Current registered entries
1981-10-01Registered in Patent and Registration Office (Trade Register)
1981-11-17Registered in Tax Administration (Tax Administration)
1994-06-01VAT-liable for business activity in Tax Administration (VAT Register)
1995-01-01VAT-obliged for the transfer of rights to use immovable property in Tax Administration (VAT Register)
1995-03-01Registered in Tax Administration (Prepayment 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 goodElo & Elo Oy
Grade upgradedB1 → A2 · new analysis 2026-09-26
82/100
Low
Usable financial evidenceFinancial data included
Same size nationallyDescriptive comparison – does not change the model score.
267 peersSolvency60%
Better than 60% of peers
Profitability95%
Better than 95% of peers
Liquidity84%
Better than 84% of peers
Limited evidenceBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
1 observed filings119 days after period end
119 days after period end
1 consecutive periods
Supporting factors
- Strong equity ratio
- Strong operating profitability
- Healthy short-term liquidity
Risk factors to note
- Parsed financial metrics are older than the newest reported filing
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
4 assessmentsA2
2026-09-26 16:3282/100 · v0.14
B1 → A2 · +15 points- Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2022-09-30).
- Assessment confidence: Medium → Low.
- Evidence quality: Registry and statistical evidence → Usable financial evidence.
B1
2026-09-1567/100 · v0.14
B1 → B1 · +6 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.
B1
2026-09-1461/100 · v0.12
Oldest retained automatic assessment in this comparisonA2
2026-09-26
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 riskmedium
53/100
Industry context is medium based on normalized open statistical inputs.
Age and continuityVakiintunut
90/100
The company has about 45 years of registry continuity.
Registry and status signalsVakaa
82/100
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 B1.Registry timeline
Trade register notifications shown on a timeline.
23 register eventsLatest event: 2026-07-09
Financial statements availability
Available financial statement periods and PRH source filings.
1 financial statement periodsLatest financial period: 2022-09-30
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-02-03.
This company profile has not been claimed yet
Elo & Elo Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.