Risk grade updatedRisk gradeEvidence verified
30 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade A3 → B1.Business profile
Merineule Oy
Merineule Oy's registered office is Kustavi. It is a limited company. The company was established on 1983-01-20. It operates in the industry of manufacture of knitted and crocheted apparel. In its latest retained statement for 2026-02-28, revenue was €146,458 and operating profit was -€3,722.
Business ID 0502886-2ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 0502886-2
- Sector
- Manufacture of knitted and crocheted apparel
- Municipality
- Kustavi
- Company form
- Limited company
- Registration date
- 1983-01-20
- Business ID registration date
- 1983-03-16
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: Kivimaantie 24 B, 23360, Kustavi
Phone: +3582876347Source observation
Email: [email protected]Source observation
Website: https://www.merineule.fiSource observation
Facebook profile: https://www.facebook.com/merineuleSource: company website
Instagram profile: https://www.instagram.com/merineule?igsh=cXRkbDhiaWUyMXZ6&utm_source=qrSource: company website
People and decision-makers
Katri VehanenToimitusjohtaja
About Merineule Oy
Financial position and key figures for the company.
Merineule Oy's location municipality is Kustavi. It is a limited company. The company was established on 1983-01-20. It operates in the industry of manufacture of knitted and crocheted apparel. In its latest retained statement for 2026-02-28, revenue was €146,458 and operating profit was -€3,722. The latest retained financial statement for 2026-02-28 shows revenue of €146,458 and profit for the financial year of -€5,104. Based on the latest retained statement, revenue growth was -11.1%, operating margin was -2.5%, and equity ratio was +41.4%.
Extended business activity
A longer directory- or registry-backed activity description that complements the short registry industry label.
Valmistamme vaatteita Suomessa valmistetuista neuleista.
Financial highlights
Key figures from the latest financial period.
Latest financial period
2026-02-28
5
3
Combined source
Derived indicators
Revenue growth-11.1%
Operating margin-2.5%
Equity ratio41.4%
Balance-sheet contextLatest financial period
Inventory€87,566Previous: €85,123
Cash and bank€751Previous: €1,172
Retained earnings€27,380Previous: €48,093
Profit before taxes-€5,104Previous: -€20,713
Equity€39,094Previous: €44,199
Liabilities€55,277Previous: €48,277
Current assets€92,476Previous: €90,005
Current liabilities€32,316Previous: €27,063
Employees3Previous: 3
Revenue trend5 periods
€193,850
2022-02-28
€185,699
2023-02-28
€162,592
2024-02-29
€164,728
2025-02-28
€146,458
2026-02-28
Operating profit (loss) trend5 periods
€12,618
2022-02-28
-€22,530
2023-02-28
-€5,509
2024-02-29
-€19,275
2025-02-28
-€3,722
2026-02-28
Profit (loss) for the financial year trend5 periods
€9,979
2022-02-28
-€23,244
2023-02-28
-€6,813
2024-02-29
-€20,713
2025-02-28
-€5,104
2026-02-28
Assets trend5 periods
€129,227
2022-02-28
€121,596
2023-02-28
€108,988
2024-02-29
€92,476
2025-02-28
€94,371
2026-02-28
Additional financial figures
More company financial figures alongside PRH financial statements.
Revenue 2026€146,457
Profit for the financial year 2026-€5,104
Balance sheet total 2026€94,371
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | €146,457 | €164,728 | €162,592 | €185,699 | €193,850 |
| Revenue growth | -11,1 % | 1,3 % | -12,4 % | -4,2 % | 11,8 % |
| Operating profit | -€3,722 | -€19,275 | -€5,509 | -€22,530 | €12,618 |
| EBIT margin | -2,5 % | -11,7 % | -3,4 % | -11,5 % | 6,3 % |
| Profit for the financial year | -€5,104 | -€20,713 | -€6,812 | -€23,244 | €9,979 |
| Profit before taxes | -€5,104 | -€20,713 | -€6,812 | -€23,244 | €12,445 |
| Equity ratio | 41,4 % | 47,8 % | 59,6 % | 59 % | 73,5 % |
| Balance sheet total | €94,371 | €92,476 | €108,988 | €121,596 | €129,227 |
| Employees | 3 | 3 | 4 | 4 | 4 |
Financial ratios
Financial ratios based on financial statement data. Source: Yhdistetty lähde.
Equity ratioSatisfactory
52/100 · Declining
Current ratioGood
91/100 · Declining
Operating profit marginWeak
44/100 · Improving
Ratio history
| Ratio | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|---|
| Equity ratio | 73.5 % | 59.0 % | 59.6 % | 47.8 % | 41.4 % |
| Current ratio | - | - | 3.92x | 3.19x | 2.73x |
| Operating profit margin | 6.3 % | -11.5 % | -3.4 % | -11.7 % | -2.5 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID0502886-2
VAT IDFI05028862
EU IDFIFPRO.0502886-2
MunicipalityKustavi
Current registered entries
1983-01-20Registered in Patent and Registration Office (Trade Register)
1983-03-01Registered in Tax Administration (Employer Register)
1983-03-16Registered in Tax Administration (Tax Administration)
1994-06-01VAT-liable for business activity in Tax Administration (VAT Register)
1995-03-01Registered in Tax Administration (Prepayment Register)
Responsible people
Public role relationships materialized from source observations.
Katri VehanenToimitusjohtajaSources: 1 · Confidence: 76%
Juha HeikkolaPäävastuullinen tilintarkastajaSources: 1 · Confidence: 76%
Merja LikitaloHallitus: varsinainen jäsenSources: 1 · Confidence: 76%
Sisko VehanenHallitus: varajäsenSources: 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
B1
StableMerineule Oy
Grade downgradedA3 → B1 · new analysis 2026-10-30
66/100
High
Strong financial evidenceFinancial data included
Several key financial indicators have weakened across comparable fiscal periods.
3 comparable periodsProfitabilityVolatile
Same size nationallyDescriptive comparison – does not change the model score.
1679 peersSolvency42%
Below 58% of peers
Profitability18%
Below 82% of peers
Liquidity85%
Better than 85% of peers
Revenue growth21%
Below 79% of peers
RegularBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
4 observed filings217 days after period end
214 days after period end
4 consecutive periods
Supporting factors
- Strong equity ratio
- Healthy short-term liquidity
- Active registered status
Risk factors to note
- Negative profitability or net result
- Losses in the latest and previous available periods
- Coordinated deterioration across 3 financial domains
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
6 assessmentsB1
2026-10-30 21:1966/100 · v0.15
A3 → B1 · -4 points- Evidence strengthened: a newer PRH/XBRL financial statement was added to the assessment (2026-02-28).
A3
2026-10-1770/100 · v0.15
B1 → A3 · +3 points- Risk factor cleared: Coordinated deterioration across 3 financial domains.
B1
2026-09-19 21:0167/100 · v0.14
A3 → B1 · -5 points- Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2025-02-28).
- Assessment confidence: Medium → High.
- Evidence quality: Registry and statistical evidence → Strong financial evidence.
A3
2026-09-1472/100 · v0.14
Oldest retained automatic assessment in this comparisonB1
2026-10-30
open-risk-grade-v0.15
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 risklow
75/100
Industry context is low based on normalized open statistical inputs.
Age and continuityVakiintunut
90/100
The company has about 43 years of registry continuity.
Registry and status signalsVakaa
87/100
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
17 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade A3.Financial statements registeredFinancialEvidence verified
3 Oct 2026 · PRH / KREKFINANCIAL STATEMENTSRisk grade updatedRisk gradeEvidence verified
19 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade A3 → B1.Financial statements registeredFinancialEvidence verified
17 Sept 2026 · PRH / KREKFINANCIAL STATEMENTSRisk grade updatedRisk gradeEvidence verified
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade A3.Financial statement availableFinancialEvidence verified
28 Feb 2026 · PRH / XBRLFinancial period ends 2026-02-28.Registry timeline
Trade register notifications shown on a timeline.
19 register eventsLatest event: 2026-10-03
Financial statements availability
Available financial statement periods and PRH source filings.
5 financial statement periodsLatest financial period: 2026-02-28
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-01-05.
This company profile has not been claimed yet
Merineule Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.