Risk grade updatedRisk gradeEvidence verified
18 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade D.Business profile
Kaivu ja Louhinta Kinnunen Oy
Kaivu ja Louhinta Kinnunen Oy was declared bankrupt 2024-02-27. In its latest retained statement for 2022-12-31, revenue was €1,292,443 and operating profit was -€30,618.
Business ID 0686219-7BANKRUPTCYUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 0686219-7
- Sector
- Site preparation
- Municipality
- Suomussalmi Kk
- Company form
- Limited company
- Registration date
- 1988-02-10
- Business ID registration date
- 1988-02-03
- Business status
- BANKRUPTCY
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: HAKALANTIE 2, 89800, Suomussalmi Kk
About Kaivu ja Louhinta Kinnunen Oy
Financial position and key figures for the company.
Kaivu ja Louhinta Kinnunen Oy was declared bankrupt 2024-02-27. In its latest retained statement for 2022-12-31, revenue was €1,292,443 and operating profit was -€30,618. The latest retained financial statement for 2022-12-31 shows revenue of €1,292,443 and profit for the financial year of -€18,070. Based on the latest retained statement, revenue growth was +8.1%, operating margin was -2.4%, and equity ratio was +53.5%.
Financial highlights
Key figures from the latest financial period.
Latest financial period
2022-12-31
2
2
PRH/XBRL financial statement
Derived indicators
Revenue growth8.1%
Operating margin-2.4%
Equity ratio53.5%
Balance-sheet contextLatest financial period
Other operating income€1,106Previous: €0
Inventory€4,240Previous: €5,890
Cash and bank€67,785Previous: €31,908
Retained earnings€152,728Previous: €302,279
Equity€151,658Previous: €169,728
Liabilities€131,730Previous: €240,149
Current assets€144,782Previous: €239,892
Current liabilities€92,944Previous: €178,865
Revenue trend2 periods
€1,195,938
2021-12-31
€1,292,443
2022-12-31
Operating profit (loss) trend2 periods
-€162,312
2021-12-31
-€30,618
2022-12-31
Profit (loss) for the financial year trend2 periods
-€149,551
2021-12-31
-€18,070
2022-12-31
Assets trend2 periods
€409,877
2021-12-31
€283,388
2022-12-31
Financial ratios
Financial ratios based on financial statement data. Source: PRH/XBRL-tilinpäätös.
Equity ratioGood
67/100 · Improving
Current ratioPassable
26/100 · Improving
Operating profit marginWeak
44/100 · Improving
Ratio history
| Ratio | 2021-12-31 | 2022-12-31 |
|---|---|---|
| Equity ratio | 41.4 % | 53.5 % |
| Current ratio | 0.21x | 0.77x |
| Operating profit margin | -13.6 % | -2.4 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusBANKRUPTCY
Trade RegisterRegistered
Business ID0686219-7
EU IDFIFPRO.0686219-7
MunicipalitySuomussalmi Kk
Current registered entries
1988-02-03Registered in Tax Administration (Tax Administration)
1988-02-10Registered in Patent and Registration Office (Trade 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
D
High riskKaivu ja Louhinta Kinnunen Oy
Grade unchangedD · new analysis 2026-10-18
29/100
Low
Usable financial evidenceFinancial data included
Financial development is mostly stable or mixed.
2 comparable periodsRevenueStable
ProfitabilityImproving
SolvencyImproving
LiquidityImproving
Same industry, size and age groupDescriptive comparison – does not change the model score.
203 peersSolvency57%
Better than 57% of peers
Profitability13%
Below 87% of peers
Liquidity66%
Better than 66% of peers
Revenue growth63%
Better than 63% of peers
RegularBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
2 observed filings151 days after period end
195 days after period end
2 consecutive periods
Supporting factors
- Strong equity ratio
- A newer financial statement filing has been reported
- Long registry continuity
Risk factors to note
- Parsed financial metrics are older than the newest reported filing
- Weak current ratio
- Negative profitability or net result
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
5 assessmentsD
2026-10-1829/100 · v0.15
D → DD
2026-09-25 05:2529/100 · v0.14
D → D- Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2022-12-31).
- Assessment confidence: Medium → Low.
- Evidence quality: Registry and statistical evidence → Usable financial evidence.
D
2026-09-1529/100 · v0.14
D → D- Assessment confidence: Low → Medium.
- Evidence quality: Registry and statistical evidence → Registry and statistical evidence.
- New risk factor: Sufficient structured financial metrics are not available.
D
2026-09-1429/100 · v0.12
Oldest retained automatic assessment in this comparisonD
2026-10-18
open-risk-grade-v0.15
The grade is reduced because of a critical legal status such as bankruptcy or liquidation.
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 riskelevated
46/100
Industry context is elevated based on normalized open statistical inputs.
Age and continuityVakiintunut
90/100
The company has about 38 years of registry continuity.
Registry and status signalsHälyttävä
0/100
Bankruptcy or liquidation status is treated as a critical legal distress signal.
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 D.Risk grade updatedRisk gradeEvidence verified
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade D.Registry timeline
Trade register notifications shown on a timeline.
21 register eventsLatest event: 2024-05-25
Financial statements availability
Available financial statement periods and PRH source filings.
2 financial statement periodsLatest financial period: 2022-12-31
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
Kaivu ja Louhinta Kinnunen Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.