Risk grade updatedRisk gradeEvidence verified
13 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade C.Business profile
Etnin II Oy
Etnin II Oy's registered office is Turku. It is a limited company. The company was established on 1989-12-29. It operates in the industry of construction of residential and non-residential buildings. In its latest retained statement for 2025-12-31, revenue was €79,371,034 and operating profit was €17,338,590.
Business ID 0764622-6ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 0764622-6
- Sector
- Construction of residential and non-residential buildings
- Municipality
- Turku
- Company form
- Limited company
- Registration date
- 1989-12-29
- Business ID registration date
- 1989-10-23
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: Bastioninkatu 4 C, 20730, Turku
Postal address: P.O. Box 623, 20101, Turku
Phone: +358105613000Source observation
Email: [email protected]Source observation
Website: https://hartela.fiSource observation
Youtube profile: https://www.youtube.com/@HartelaFinSource: company website
Linkedin profile: https://www.linkedin.com/company/hartelaSource: company website
Instagram profile: https://www.instagram.com/hartelayhtiotSource: company website
Facebook profile: https://www.facebook.com/hartelaSource: company website
People and decision-makers
Asuntomyynti OuluDecision-maker
Email: Email available for logged-in usersSource: company website
Phone: Phone available for logged-in usersSource: company website
Asuntomyynti RaumaDecision-maker
Email: Email available for logged-in usersSource: company website
Phone: Phone available for logged-in usersSource: company website
Asuntomyynti TampereDecision-maker
Email: Email available for logged-in usersSource: company website
Phone: Phone available for logged-in usersSource: company website
Asuntomyynti TurkuDecision-maker
Email: Email available for logged-in usersSource: company website
Phone: Phone available for logged-in usersSource: company website
Asuntomyynti LahtiDecision-maker
Email: Email available for logged-in usersSource: company website
Phone: Phone available for logged-in usersSource: company website
Sirpa Ektyöturvallisuuspäällikkö
Phone: Phone available for logged-in usersSource: company website
Direct contact details available for logged-in usersSome person-level contact details are shown only to registered users. The data is based on public sources, such as the company's own website.Log in to view decision-maker contact details
About Etnin II Oy
Financial position and key figures for the company.
Etnin II Oy's location municipality is Turku. It is a limited company. The company was established on 1989-12-29. It operates in the industry of construction of residential and non-residential buildings. In its latest retained statement for 2025-12-31, revenue was €79,371,034 and operating profit was €17,338,590. The latest retained financial statement for 2025-12-31 shows revenue of €79,371,034 and profit for the financial year of €3,350,709. Based on the latest retained statement, revenue growth was -34.2%, operating margin was +19.1%, and equity ratio was not currently available.
Auxiliary business names
Public alternate names materialized from source observations.
Hartela Kiinteistömyynti
Financial highlights
Key figures from the latest financial period.
Latest financial period
2025-12-31
0
0
Enriched source observation
Derived indicators
Revenue growth-34.2%
Operating margin19.1%
Revenue€79,371,034-€41,258,689 (-34.2%) vs previous periodPrevious: €120,629,723
Operating profit (loss)€17,338,590+€12,836,592 (+285.1%) vs previous periodPrevious: €4,501,998
Profit (loss) for the financial year€3,350,709+€3,145,295 (+1531.2%) vs previous periodPrevious: €205,414
Balance-sheet contextLatest financial period
Employees0Previous: 142
Revenue trend4 periods
€103,954,486
2022-12-31
€90,275,393
2023-12-31
€120,629,723
2024-12-31
€79,371,034
2025-12-31
Operating profit (loss) trend4 periods
€1,343,887
2022-12-31
€176,763
2023-12-31
€4,501,998
2024-12-31
€17,338,590
2025-12-31
Profit (loss) for the financial year trend4 periods
€722,865
2022-12-31
-€562,966
2023-12-31
€205,414
2024-12-31
€3,350,709
2025-12-31
Financial ratios
Financial ratios based on financial statement data. Source: Rikastettu lähdehavainto.
Equity ratioNot assessable
0/100 · Trend unavailable
Current ratioNot assessable
0/100 · Trend unavailable
Operating profit marginGood
98/100 · Improving
Ratio history
| Ratio | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Equity ratio | - | - | 36.8 % | - |
| Current ratio | - | - | - | - |
| Operating profit margin | 1.3 % | 0.2 % | 3.7 % | 19.1 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID0764622-6
VAT IDFI07646226
EU IDFIFPRO.0764622-6
MunicipalityTurku
Current registered entries
1989-10-23Registered in Tax Administration (Tax Administration)
1989-12-29Registered in Patent and Registration Office (Trade Register)
1995-01-19VAT-liable for agriculture and forestry in Tax Administration (VAT Register)
1995-03-01Registered in Tax Administration (Prepayment Register)
2002-01-16VAT-obliged for the transfer of rights to use immovable property in Tax Administration (VAT Register)
Responsible people
Public role relationships materialized from source observations.
Direct contact details available for logged-in users.
Jani NieminenToimitusjohtajaSources: 1 · Confidence: 76%
Timo Suonsyrjätalous- ja hallintojohtajaSources: 1 · Confidence: 76%
Antti MölsälakiasiainjohtajaSources: 1 · Confidence: 76%
Kimmo AntonenPäävastuullinen tilintarkastajaSources: 1 · Confidence: 76%
Kalle LeskinenlakimiesSources: 1 · Confidence: 76%
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
C
Elevated riskEtnin II Oy
Grade unchangedC · new analysis 2026-10-17
39/100
Medium
Limited financial evidenceRegistry and statistics based
Financial development is mostly stable or mixed.
4 comparable periodsRevenueVolatile
ProfitabilityImproving · 2 consecutive periods
SolvencyNot enough history
LiquidityNot enough history
Supporting factors
- Active registered status
- A newer financial statement filing has been reported
- Long registry continuity
Risk factors to note
- Severe registry event in the last 6 months
- Elevated industry distress context
- Sufficient structured financial metrics are not available
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
2 assessmentsC
2026-10-1739/100 · v0.15
C → CC
2026-10-1339/100 · v0.14
Oldest retained automatic assessment in this comparisonC
2026-10-17
open-risk-grade-v0.15
The grade uses registry, industry, and regional signals because sufficient source-backed financial metrics are not available for a Tier 1 assessment.
A serious registry signal affects this grade. Review the profile registry and notification details as well.
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 riskhigh
25/100
Industry context is high based on normalized open statistical inputs.
Age and continuityVakiintunut
90/100
The company has about 36 years of registry continuity.
Registry and status signalsKoholla
20/100
A severity-mapped registry signal in the last 6 months requires attention.
Events & news
Verified events and sourced external company news in one timeline.
Financial statements registeredFinancialEvidence verified
23 Sept 2026 · PRH / KREKFINANCIAL STATEMENTSFinancial statements registeredFinancialEvidence verified
18 Sept 2026 · PRH / KREKFINANCIAL STATEMENTSRegistry timeline
Trade register notifications shown on a timeline.
73 register eventsLatest event: 2026-09-23
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-02-24.
This company profile has not been claimed yet
Etnin II Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.