Risk grade updatedRisk gradeEvidence verified
16 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B1.Business profile
The Switch Engineering Oy
The Switch Engineering Oy's registered office is Vaasa. It is a limited company. The company was established on 2006-07-10. It operates in the industry of manufacture of electric motors, generators and transformers. In its latest retained statement for 2025-12-31, revenue was €70,075,514 and operating profit was €3,302,472.
Business ID 2046716-9ValidUnclaimed company profile
Trusted core data
Public company details from the trade register.
- Business ID
- 2046716-9
- Sector
- Manufacture of electric motors, generators and transformers
- Municipality
- Vaasa
- Company form
- Limited company
- Registration date
- 2006-07-10
- Business ID registration date
- 2006-07-03
- Business status
- Valid
- Profile ownership
- Unclaimed company profile
Contact and location summary
Visiting address: Yrittäjänkatu 11, 65380, Vaasa
Phone: +358207838200Source observation
Email: [email protected]Source observation
Website: https://www.theswitch.comSource observation
Linkedin profile: https://www.linkedin.com/company/the-switch-energySource: company website
People and decision-makers
Reinikka Miika-MattiToimitusjohtaja
About The Switch Engineering Oy
Financial position and key figures for the company.
The Switch Engineering Oy's location municipality is Vaasa. It is a limited company. The company was established on 2006-07-10. It operates in the industry of manufacture of electric motors, generators and transformers. In its latest retained statement for 2025-12-31, revenue was €70,075,514 and operating profit was €3,302,472. The latest retained financial statement for 2025-12-31 shows revenue of €70,075,514 and profit for the financial year of €3,118,227. Based on the latest retained statement, revenue growth was -15.2%, operating margin was +4.7%, and equity ratio was +49.1%.
Auxiliary business names
Public alternate names materialized from source observations.
The Switch Drive SystemsThe Switch Engineering Corporation
Financial highlights
Key figures from the latest financial period.
Latest financial period
2025-12-31
0
0
Enriched source observation
Derived indicators
Revenue growth-15.2%
Operating margin4.7%
Equity ratio49.1%
Revenue€70,075,514-€12,585,975 (-15.2%) vs previous periodPrevious: €82,661,489
Operating profit (loss)€3,302,472+€1,399,612 (+73.6%) vs previous periodPrevious: €1,902,860
Profit (loss) for the financial year€3,118,227+€2,124,143 (+213.7%) vs previous periodPrevious: €994,084
Assets€72,108,416+€804,805 (+1.1%) vs previous periodPrevious: €71,303,611
Balance-sheet contextLatest financial period
Employees151Previous: 144
Revenue trend4 periods
€4,842,046
2022-02-28
€4,334,864
2023-02-28
€82,661,489
2024-02-29
€70,075,514
2025-12-31
Operating profit (loss) trend4 periods
-€173,284
2022-02-28
-€8,195,305
2023-02-28
€1,902,860
2024-02-29
€3,302,472
2025-12-31
Profit (loss) for the financial year trend4 periods
-€5,611,857
2022-02-28
-€8,287,538
2023-02-28
€994,084
2024-02-29
€3,118,227
2025-12-31
Assets trend4 periods
€33,740,410
2022-02-28
€67,502,085
2023-02-28
€71,303,611
2024-02-29
€72,108,416
2025-12-31
Financial ratios
Financial ratios based on financial statement data. Source: Rikastettu lähdehavainto.
Equity ratioSatisfactory
61/100 · Improving
Current ratioNot assessable
0/100 · Trend unavailable
Operating profit marginSatisfactory
62/100 · Improving
Ratio history
| Ratio | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-12-31 |
|---|---|---|---|---|
| Equity ratio | 83.4 % | 29.4 % | 43.3 % | 49.1 % |
| Current ratio | - | - | - | - |
| Operating profit margin | -3.6 % | -187.8 % | 2.3 % | 4.7 % |
Registry status and identifiers
Current registry information and identifiers based on YTJ data.
YTJ statusValid
Trade RegisterRegistered
Business ID2046716-9
VAT IDFI20467169
EU IDFIFPRO.2046716-9
MunicipalityVaasa
Current registered entries
2006-07-01Registered in Tax Administration (Employer Register)
2006-07-01VAT-liable for business activity in Tax Administration (VAT Register)
2006-07-03Registered in Tax Administration (Prepayment Register)
2006-07-07Registered in Tax Administration (Tax Administration)
2006-07-10Registered in Patent and Registration Office (Trade Register)
2008-05-01VAT-obliged for the transfer of rights to use immovable property in Tax Administration (VAT Register)
Responsible people
Public role relationships materialized from source observations.
Reinikka Miika-MattiToimitusjohtajaSources: 3 · Confidence: 78%
Yuichi KomatsuHallitus: puheenjohtajaSources: 2 · Confidence: 76%
Fuyuki OgawaHallitus: varsinainen jäsenSources: 2 · Confidence: 76%
Daisuke NakauchiHallitus: varsinainen jäsenSources: 2 · Confidence: 76%
Reinikka Miika-MattiVarsinainen jäsenSources: 1 · Confidence: 78%
Yusuke OtaHallitus: varsinainen jäsenSources: 1 · Confidence: 76%
Mari KaasalainenPäävastuullinen tilintarkastajaSources: 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
StableThe Switch Engineering Oy
68/100
Medium
Strong financial evidenceFinancial data included
National Tier 1 comparisonDescriptive comparison – does not change the model score.
1006 peersSolvency42%
Below 58% of peers
Profitability61%
Better than 61% of peers
Revenue growth17%
Below 83% of peers
Supporting factors
- Strong equity ratio
- Active registered status
- A newer financial statement filing has been reported
Risk factors to note
- Elevated industry distress context
B1
2026-09-16
open-risk-grade-v0.14
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 riskelevated
40/100
Industry context is elevated based on normalized open statistical inputs.
Age and continuityVakiintunut
80/100
The company has about 20 years of registry continuity.
Registry and status signalsVakaa
85/100
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.
Registry timeline
Trade register notifications shown on a timeline.
34 register eventsLatest event: 2026-07-23
Profile source and ownership
Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-03-09.
This company profile has not been claimed yet
The Switch Engineering Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.