Risk grade updatedRisk gradeEvidence verified
18 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade D.Business profile
Rags fashion Oy
Rags fashion Oy's registered office is Oulu. It is a limited company. The company was established on 2012-10-05. It operates in the industry of retail sale of clothing without specialisation on any specific product group. In its latest retained statement for 2024-12-31, revenue was €175,861 and operating profit was -€93,128.
Business ID 2501329-7ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 2501329-7
- Sector
- Retail sale of clothing without specialisation on any specific product group
- Municipality
- Oulu
- Company form
- Limited company
- Registration date
- 2012-10-05
- Business ID registration date
- 2012-09-28
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: Pakkahuoneenkatu 12, 90100, Oulu
Website: https://www.rags.fiSource observation
About Rags fashion Oy
Financial position and key figures for the company.
Rags fashion Oy's location municipality is Oulu. It is a limited company. The company was established on 2012-10-05. It operates in the industry of retail sale of clothing without specialisation on any specific product group. In its latest retained statement for 2024-12-31, revenue was €175,861 and operating profit was -€93,128. The latest retained financial statement for 2024-12-31 shows revenue of €175,861 and profit for the financial year of -€37,326. Based on the latest retained statement, revenue growth was -23.2%, operating margin was -53.0%, and equity ratio was -505.5%.
Financial highlights
Key figures from the latest financial period.
Latest financial period
2024-12-31
6
2
PRH/XBRL financial statement
Derived indicators
Revenue growth-23.2%
Operating margin-53.0%
Equity ratio-505.5%
Balance-sheet contextLatest financial period
Other operating income€5,790Previous: €610
Inventory€31,891Previous: €81,157
Cash and bank€13,018Previous: €7,434
Retained earnings-€428,253Previous: -€345,019
Equity-€327,594Previous: -€290,269
Liabilities€392,405Previous: €485,911
Current assets€45,018Previous: €162,802
Current liabilities€392,405Previous: €485,911
Revenue trend2 periods
€228,928
2023-12-31
€175,861
2024-12-31
Operating profit (loss) trend2 periods
-€78,206
2023-12-31
-€93,128
2024-12-31
Profit (loss) for the financial year trend2 periods
-€83,235
2023-12-31
-€37,326
2024-12-31
Assets trend2 periods
€195,642
2023-12-31
€64,811
2024-12-31
Financial ratios
Financial ratios based on financial statement data. Source: PRH/XBRL-tilinpäätös.
Equity ratioWeak
0/100 · Declining
Current ratioWeak
4/100 · Declining
Operating profit marginWeak
0/100 · Declining
Ratio history
| Ratio | 2023-12-31 | 2024-12-31 |
|---|---|---|
| Equity ratio | -148.4 % | -505.5 % |
| Current ratio | 0.18x | 0.11x |
| Operating profit margin | -34.1 % | -51.3 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID2501329-7
VAT IDFI25013297
EU IDFIFPRO.2501329-7
MunicipalityOulu
Current registered entries
2012-10-05Registered in Patent and Registration Office (Trade Register)
2012-10-17Registered in Tax Administration (Tax Administration)
2015-10-07VAT-liable for business activity in Tax Administration (VAT Register)
2016-04-13Registered in Tax Administration (Prepayment 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 riskRags fashion Oy
Grade unchangedD · new analysis 2026-10-18
17/100
High
Strong financial evidenceFinancial data included
Several key financial indicators have weakened across comparable fiscal periods.
3 comparable periodsLiquidityStable
Same industryDescriptive comparison – does not change the model score.
62 peersSolvency5%
Below 95% of peers
Profitability5%
Below 95% of peers
Liquidity48%
Close to the peer-group midpoint
Revenue growth13%
Below 87% of peers
MixedBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
4 observed filings287 days after period end
251 days after period end
4 consecutive periods
Supporting factors
- Active registered status
- A newer financial statement filing has been reported
- Long registry continuity
Risk factors to note
- Negative equity
- Weak current ratio
- Negative profitability or net result
Automatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
5 assessmentsD
2026-10-1817/100 · v0.15
D → DD
2026-09-22 15:4817/100 · v0.14
B1 → D · -46 points- Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2024-12-31).
- Assessment confidence: Medium → High.
- Evidence quality: Registry and statistical evidence → Strong financial evidence.
B1
2026-09-1463/100 · v0.14
B2 → B1 · +4 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
2026-09-1359/100 · v0.12
Oldest retained automatic assessment in this comparisonD
2026-10-18
open-risk-grade-v0.15
The grade can use open digital financial statement data together with registry signals.
A serious financial risk signal affects this grade. Review the profile financial indicators 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
80/100
The company has about 14 years of registry continuity.
Registry and status signalsVakaa
80/100
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
22 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B1 → D.Risk grade updatedRisk gradeEvidence verified
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B1.Risk grade updatedRisk gradeEvidence verified
13 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.Registry timeline
Trade register notifications shown on a timeline.
20 register eventsLatest event: 2025-10-14
Financial statements availability
Available financial statement periods and PRH source filings.
6 financial statement periodsLatest financial period: 2024-12-31
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-02-24.
This company profile has not been claimed yet
Rags fashion Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.