Business profile

Nordic Watches Oy

Nordic Watches Oy's registered office is Lahti. It is a limited company. The company was established on 2023-10-01. It operates in the industry of retail sale of other food n.e.c.. In its latest retained statement for 2024-12-31, revenue was €224,399 and operating profit was -€6,967.

Claim profileContact details
Business ID 3380297-4ValidUnclaimed company profile

Trusted core data

Public company details from the trade register.

Business ID
3380297-4
Sector
Retail sale of other food n.e.c.
Municipality
Lahti
Company form
Limited company
Registration date
2023-10-01
Business ID registration date
2023-07-30
Business status
Valid
Profile ownership
Unclaimed company profile

Contact and location summary

Visiting address: Mustamäenkatu 4 A 23, 15610, Lahti

Website: https://nordicwatches.fiSource observation

Youtube profile: https://www.youtube.com/@NordicWatchesSource: company website

Instagram profile: https://www.instagram.com/nordic.watchesSource: company website

Facebook profile: https://www.facebook.com/nordicwatchesfiSource: company website

People and decision-makers

Voutilainen Paavo JuhaniPuheenjohtaja
Kaikkonen Lassi ValtteriVarsinainen jäsen
Rinne Jarkko JuhaniVarsinainen jäsen

About Nordic Watches Oy

Financial position and key figures for the company.

Nordic Watches Oy's location municipality is Lahti. It is a limited company. The company was established on 2023-10-01. It operates in the industry of retail sale of other food n.e.c.. In its latest retained statement for 2024-12-31, revenue was €224,399 and operating profit was -€6,967. The latest retained financial statement for 2024-12-31 shows revenue of €224,399 and profit for the financial year of -€8,202. Based on the latest retained statement, revenue growth was +456.3%, operating margin was -3.1%, and equity ratio was +52.8%.

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 growth456.3%
Operating margin-3.1%
Equity ratio52.8%
Revenue€224,399+€184,063 (+456.3%) vs previous periodPrevious: €40,336
Operating profit (loss)-€6,967-€6,630 (-1965.6%) vs previous periodPrevious: -€337
Profit (loss) for the financial year-€8,202-€7,865 (-2333.8%) vs previous periodPrevious: -€337
Assets€87,111+€22,572 (+35.0%) vs previous periodPrevious: €64,539
Balance-sheet contextLatest financial period
Profit before taxes-€8,202Previous: No comparison value
Employees1Previous: 1
Revenue trend2 periods
€40,336
2023-12-31
€224,399
2024-12-31
Operating profit (loss) trend2 periods
-€337
2023-12-31
-€6,967
2024-12-31
Profit (loss) for the financial year trend2 periods
-€337
2023-12-31
-€8,202
2024-12-31
Assets trend2 periods
€64,539
2023-12-31
€87,111
2024-12-31

Financial ratios

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

Equity ratioGood
66/100 · Declining
52.8 %2023-12-31: 76.3 %
Current ratioNot assessable
0/100 · Trend unavailable
Not available2023-12-31: Ei saatavilla
Operating profit marginWeak
42/100 · Declining
-3.1 %2023-12-31: -0.8 %
Ratio history
Ratio2023-12-312024-12-31
Equity ratio76.3 %52.8 %
Current ratio--
Operating profit margin-0.8 %-3.1 %

Registry status and identifiers

Current registry information and identifiers based on YTJ data.

YTJ statusValid
Trade RegisterRegistered
Business ID3380297-4
VAT IDFI33802974
EU IDFIFPRO.3380297-4
MunicipalityLahti
Current registered entries
2023-10-01VAT-liable for business activity in Tax Administration (VAT Register)
2023-10-01Registered in Tax Administration (Prepayment Register)
2023-10-01Registered in Patent and Registration Office (Trade Register)
2023-10-02Registered in Tax Administration (Tax Administration)

Responsible people

Public role relationships materialized from source observations.

Voutilainen Paavo JuhaniPuheenjohtajaSources: 4 · Confidence: 78%
Kaikkonen Lassi ValtteriVarsinainen jäsenSources: 4 · Confidence: 78%
Rinne Jarkko JuhaniVarsinainen jäsenSources: 3 · Confidence: 78%
Stjernberg Tim GabrielVarsinainen jäsenSources: 2 · Confidence: 78%

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
SatisfactoryNordic Watches Oy
Grade unchangedB2 · new analysis 2026-10-18
Model score56/100
Assessment confidenceMedium
Evidence qualityUsable financial evidenceFinancial data included
Financial trajectoryFinancial development is mostly stable or mixed.
2 comparable periods
RevenueImproving
ProfitabilityStable
SolvencyDeteriorating
LiquidityNot enough history
Peer comparisonSame industry and sizeDescriptive comparison – does not change the model score.
116 peers
Solvency58%
Better than 58% of peers
Profitability22%
Below 78% of peers
Revenue growth100%
Better than 100% of peers
Supporting factors
  • Strong equity ratio
  • Active registered status
  • A newer financial statement filing has been reported
Risk factors to note
  • Negative profitability or net result
  • Losses in the latest and previous available periods
  • Elevated industry distress context
Rating historyAutomatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
2 assessments
B2
2026-10-1856/100 · v0.15
B2 → B2 · -1 points
  • Evidence quality: Strong financial evidence → Usable financial evidence.
B2
2026-10-0357/100 · v0.14
Oldest retained automatic assessment in this comparison
Automatic model gradeB2
Automatic model snapshot2026-10-18
Automatic model versionopen-risk-grade-v0.15
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
24/100

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 signalsRajallinen
41/100

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
18 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.
Risk grade updatedRisk gradeEvidence verified
3 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.

Registry timeline

Trade register notifications shown on a timeline.

6 register eventsLatest event: 2025-07-22

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

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