Business profile

FARO Projects Oy

FARO Projects Oy's registered office is Uusikaupunki. It is a limited company. The company was established on 2022-11-11. It operates in the industry of building of civilian ships and floating structures. In its latest retained statement for 2024-12-31, revenue was €1,969,515 and operating profit was €43,934.

Business ID 3313060-2ValidUnclaimed company profile

Trusted core data

Public company details from the trade register.

Business ID
3313060-2
Sector
Building of civilian ships and floating structures
Municipality
Uusikaupunki
Company form
Limited company
Registration date
2022-11-11
Business ID registration date
2022-09-19
Business status
Valid
Profile ownership
Unclaimed company profile

Contact and location summary

Visiting address: Kirveskuja 3, 23500, Uusikaupunki

Email: [email protected]Source observation

Website: https://www.faroprojects.fiSource observation

People and decision-makers

Wallenius Reko Turo PetteriToimitusjohtaja

About FARO Projects Oy

Financial position and key figures for the company.

FARO Projects Oy's location municipality is Uusikaupunki. It is a limited company. The company was established on 2022-11-11. It operates in the industry of building of civilian ships and floating structures. In its latest retained statement for 2024-12-31, revenue was €1,969,515 and operating profit was €43,934. The latest retained financial statement for 2024-12-31 shows revenue of €1,969,515 and profit for the financial year of €24,565. Based on the latest retained statement, revenue growth was +42.2%, operating margin was +2.2%, and equity ratio was +5.6%.

Auxiliary business names

Public alternate names materialized from source observations.

FARO Projects AbFARO Projects Ltd.

Extended business activity

A longer directory- or registry-backed activity description that complements the short registry industry label.

Yhtiön toimiala on laivojen ja kelluvien rakenteiden rakentaminen, suunnittelu ja konsultointi, työvoiman vuokraus, rakennusmateriaalien osto ja myynti. Yhtiö voi harjoittaa sijoitustoimintaa. Yhtiö voi omistaa ja hallita arvopapereita ja kiinteistöjä ja käydä niillä kauppaa.

Financial highlights

Key figures from the latest financial period.

Latest financial period

2024-12-31

Imported periods0
PRH parsed0
Profile sourceEnriched source observation
Derived indicators
Revenue growth42.2%
Operating margin2.2%
Equity ratio5.6%
Revenue€1,969,515+€584,587 (+42.2%) vs previous periodPrevious: €1,384,928
Operating profit (loss)€43,934+€8,376 (+23.6%) vs previous periodPrevious: €35,558
Profit (loss) for the financial year€24,565+€7,254 (+41.9%) vs previous periodPrevious: €17,311
Assets€742,533+€383,033 (+106.5%) vs previous periodPrevious: €359,500
Balance-sheet contextLatest financial period
Profit before taxes€30,768Previous: €21,698
Employees11Previous: 7
Revenue trend2 periods
€1,384,928
2023-12-31
€1,969,515
2024-12-31
Operating profit (loss) trend2 periods
€35,558
2023-12-31
€43,934
2024-12-31
Profit (loss) for the financial year trend2 periods
€17,311
2023-12-31
€24,565
2024-12-31
Assets trend2 periods
€359,500
2023-12-31
€742,533
2024-12-31

Financial ratios

Financial ratios based on financial statement data. Source: Rikastettu lähdehavainto.

Equity ratioWeak
7/100 · Improving
5.6 %2023-12-31: 4.8 %
Current ratioNot assessable
0/100 · Trend unavailable
Not available2023-12-31: Ei saatavilla
Operating profit marginPassable
56/100 · Declining
2.2 %2023-12-31: 2.6 %
Ratio history
Ratio2023-12-312024-12-31
Equity ratio4.8 %5.6 %
Current ratio--
Operating profit margin2.6 %2.2 %

Registry status and identifiers

Current registry information and identifiers based on YTJ data.

YTJ statusValid
Trade RegisterRegistered
Business ID3313060-2
VAT IDFI33130602
EU IDFIFPRO.3313060-2
MunicipalityUusikaupunki
Current registered entries
2022-11-11Registered in Tax Administration (Tax Administration)
2022-11-11Registered in Patent and Registration Office (Trade Register)
2023-01-20VAT-liable for business activity in Tax Administration (VAT Register)
2023-01-20Registered in Tax Administration (Prepayment Register)
2023-03-01Registered in Tax Administration (Employer Register)

Responsible people

Public role relationships materialized from source observations.

Wallenius Reko Turo PetteriToimitusjohtajaSources: 5 · Confidence: 78%
Wallenius Reko Turo PetteriPuheenjohtajaSources: 3 · Confidence: 78%
Stenius Krister Ben SebastianVarsinainen jäsenSources: 4 · Confidence: 78%
Alborghetti Fabio MarioVarsinainen jäsenSources: 3 · Confidence: 78%
Jyri HämäläinenPäävastuullinen tilintarkastajaSources: 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
B2
SatisfactoryFARO Projects Oy
Model score50/100
Assessment confidenceMedium
Evidence qualityUsable financial evidenceFinancial data included
Financial trajectoryFinancial development is mostly stable or mixed.
2 comparable periods
RevenueImproving
ProfitabilityStable
SolvencyStable
LiquidityNot enough history
Supporting factors
  • Active registered status
  • A newer financial statement filing has been reported
Risk factors to note
  • Elevated industry distress context
Automatic model gradeB2
Automatic model snapshot2026-10-15
Automatic model versionopen-risk-grade-v0.14
Financial data included

The grade can use open digital financial statement data together with registry signals.

Verify assessment

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
30/100

Industry context is high based on normalized open statistical inputs.

Age and continuityNuori
35/100

The company has about 3 years of registry continuity.

Registry and status signalsSeurattava
70/100

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 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.

Registry timeline

Trade register notifications shown on a timeline.

13 register eventsLatest event: 2026-02-23

Profile source and ownership

Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-02-23.

This company profile has not been claimed yet

FARO Projects Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.