Business profile

New Formula Oy

New Formula Oy's registered office is Seinäjoki. It is a mutual real estate limited company. The company was established on 1996-12-13. It operates in the industry of manufacture of refined petroleum products and fossil fuel products. In its latest retained statement for 2023-12-31, revenue was €41,389 and operating profit was -€11,497.

Claim profileContact details
Business ID 1473580-9ValidUnclaimed company profile

Trusted core data

Public company details from the trade register.

Business ID
1473580-9
Sector
Manufacture of refined petroleum products and fossil fuel products
Municipality
Seinäjoki
Company form
Mutual real estate limited company
Registration date
1996-12-13
Business ID registration date
1998-06-18
Business status
Valid
Profile ownership
Unclaimed company profile

Contact and location summary

Visiting address: Matti Visannin kuja 10 B 20, 60100, Seinäjoki

About New Formula Oy

Financial position and key figures for the company.

New Formula Oy's location municipality is Seinäjoki. It is a mutual real estate limited company. The company was established on 1996-12-13. It operates in the industry of manufacture of refined petroleum products and fossil fuel products. In its latest retained statement for 2023-12-31, revenue was €41,389 and operating profit was -€11,497. The latest retained financial statement for 2023-12-31 shows revenue of €41,389 and profit for the financial year of -€12,314. Based on the latest retained statement, revenue growth was +9.4%, operating margin was -27.8%, and equity ratio was +52.0%.

Financial highlights

Key figures from the latest financial period.

Open full statement
Latest financial period

2023-12-31

Imported periods3
PRH parsed2
Profile sourcePRH/XBRL financial statement
Derived indicators
Revenue growth9.4%
Operating margin-27.8%
Equity ratio52.0%
Revenue€41,389+€3,573 (+9.4%) vs previous periodPrevious: €37,816
Operating profit (loss)-€11,497-€20,510 (-227.6%) vs previous periodPrevious: €9,013
Profit (loss) for the financial year-€12,314-€17,561 (-334.7%) vs previous periodPrevious: €5,247
Assets€205,605-€84,842 (-29.2%) vs previous periodPrevious: €290,448
Balance-sheet contextLatest financial period
Inventory€0Previous: €28,000
Cash and bank€652Previous: €183
Retained earnings€77,135Previous: €71,888
Equity€106,869Previous: €119,182
Liabilities€98,737Previous: €171,265
Current assets€21,492Previous: €40,683
Current liabilities€98,737Previous: €125,530
Revenue trend2 periods
€37,816
2022-12-31
€41,389
2023-12-31
Operating profit (loss) trend2 periods
€9,013
2022-12-31
-€11,497
2023-12-31
Profit (loss) for the financial year trend2 periods
€5,247
2022-12-31
-€12,314
2023-12-31
Assets trend2 periods
€290,448
2022-12-31
€205,605
2023-12-31

Financial ratios

Financial ratios based on financial statement data. Source: PRH/XBRL-tilinpäätös.

Equity ratioGood
65/100 · Improving
52.0 %2022-12-31: 41.0 %
Current ratioWeak
0/100 · Declining
0.01x2022-12-31: 0.22x
Operating profit marginWeak
0/100 · Declining
-27.8 %2022-12-31: 23.8 %
Ratio history
Ratio2022-12-312023-12-31
Equity ratio41.0 %52.0 %
Current ratio0.22x0.01x
Operating profit margin23.8 %-27.8 %

Registry status and identifiers

Current registry information and identifiers based on YTJ data.

YTJ statusValid
Trade RegisterRegistered
Business ID1473580-9
MunicipalitySeinäjoki
Current registered entries
1996-12-13Registered in Patent and Registration Office (Trade Register)
1998-06-18Registered in Tax Administration (Tax Administration)

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
SatisfactoryNew Formula Oy
Grade unchangedB2 · new analysis 2026-09-18
Model score57/100
Assessment confidenceLow
Evidence qualityUsable financial evidenceFinancial data included
Financial trajectoryFinancial development is mostly stable or mixed.
3 comparable periods
RevenueStable
ProfitabilityDeteriorating
SolvencyImproving
LiquidityStable
Peer comparisonSame size nationallyDescriptive comparison – does not change the model score.
192 peers
Solvency50%
Close to the peer-group midpoint
Profitability22%
Below 78% of peers
Liquidity34%
Below 66% of peers
Revenue growth83%
Better than 83% of peers
Financial statement reporting patternRegularBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
3 observed filings
Latest registration lag67 days after period end
Typical registration lag67 days after period end
Annual continuity3 consecutive periods
Supporting factors
  • Strong equity ratio
  • Active registered status
  • A newer financial statement filing has been reported
Risk factors to note
  • Parsed financial metrics are older than the newest reported filing
  • Weak current ratio
  • Negative profitability or net result
Rating historyAutomatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
5 assessments
B2
2026-09-18 13:3157/100 · v0.14
B2 → B2
  • Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2023-12-31).
  • Assessment confidence: Medium → Low.
  • Evidence quality: Registry and statistical evidence → Usable financial evidence.
B2
2026-09-1457/100 · v0.14
B2 → B2
B2
2026-09-1457/100 · v0.13
B2 → B2 · +1 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.
B2
2026-09-1356/100 · v0.12
Oldest retained automatic assessment in this comparison
Automatic model gradeB2
Automatic model snapshot2026-09-18
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
29/100

Industry context is high based on normalized open statistical inputs.

Age and continuityVakiintunut
90/100

The company has about 29 years of registry continuity.

Registry and status signalsSeurattava
66/100

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
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.

Registry timeline

Trade register notifications shown on a timeline.

14 register eventsLatest event: 2026-05-20

Financial statements availability

Available financial statement periods and PRH source filings.

3 financial statement periodsLatest financial period: 2023-12-31

Profile source and ownership

Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-01-13.

This company profile has not been claimed yet

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