Riskpilot← Back to searchSign inGet full accessFifth Innovation Oy
OYActiveY-tunnus 2860817-3Varastotie 12Research and experimental development on natural sciences and engineering · NACE 7210Est. 20173 employeeswww.elementic.com
Revenue 2024
EUR 81K
+42% vs 2023
EBITDA margin
-620.5%
-13% vs 2023
Equity ratio
-54.8%
Financial strength
Net profit 2024
EUR -580K
-17% vs 2023
| Revenue | EUR 81K | +42% |
| EBITDA | EUR -503K | -13% |
| Net profit | EUR -580K | -17% |
| Total assets | EUR 485K | +11% |
| Equity | EUR -265K | -53% |
| Employees | 3 | — |
Legal name
Fifth Innovation Oy
Y-tunnus number
2860817-3
Legal form
Osakeyhtiö
NACE code
7210 · Research and experimental development on natural sciences and engineering
Founded
5. lokakuuta 2017
Share capital
EUR 3 850
Employees
3 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja toimitusjohtaja kumpikin yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Tutkimus ja kehittäminen
Address
Varastotie 12
Phone
+3580405167131
Website
www.elementic.com
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| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 93 | 108 | 59 | 57 | 81 |
| Staff expenses | −131 | −102 | −96 | −389 | −356 |
| EBITDA | −8 | 10 | −136 | −447 | −503 |
| Depreciation & amort. | −3 | −2 | −2 | −32 | −39 |
| EBIT | −10 | 8 | −138 | −478 | −543 |
| Net financials | −6 | −8 | −4 | −17 | −37 |
| Profit before tax | −16 | 0 | −142 | −495 | −580 |
| Tax | 4 | −4 | −0 | −0 | −0 |
| Net profit | −20 | 4 | −142 | −495 | −580 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 104 | 179 | 458 | 437 | 485 |
| Equity | 6 | 10 | 320 | −173 | −265 |
| Long-term debt | 72 | 159 | 62 | 148 | 98 |
| Short-term debt | 25 | 10 | 76 | 462 | 652 |
| Total debt | 98 | 168 | 137 | 610 | 750 |
EBITDA margin
-620.5%
This company
15.8%
Market median
-4027% vs market
20202024
Equity ratio
-54.8%
This company
38.2%
Market median
-243% vs market
20202024
Return on equity
-58018500.0%
This company
18.4%
Market median
-315318035% vs market
20202024
Net profit margin
-715.1%
This company
8.1%
Market median
-8928% vs market
20202024
Asset turnover
0.17×
This company
1.12×
Market median
-85% vs market
20202024
Debt / equity
2.83×
This company
0.62×
Market median
-356% vs market
20202024
- Annual report 2024Filed via PRH / YTJ · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via PRH / YTJ · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via PRH / YTJ · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via PRH / YTJ · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
NR Confidential Clerk | Confidential Clerk | 2025 |
VV Chief Executive Officer | Chief Executive Officer | 2023 |
| Former (1) | ||
TM Chief Executive Officer | Chief Executive Officer | 2022 – 2023 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
| Board of Directors | 2023 | |
| Chairperson | 2023 | |
| Former (3) | ||
| Board of Directors | 2025 – 2026 | |
| Board of Directors | 2018 – 2023 | |
| Board of Directors | 2025 – 2026 | |
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of Fifth Innovation Oy also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Niko Rainer Järvinen | Confidential Clerk | 0 companies |
| Tomi Matti Olavi Miikkulainen | Chief Executive Officer | 0 companies |
| Ville Veikko Hulkko | Chief Executive Officer | 0 companies |
| John Edmund Nichols | Board of Directors | 0 companies |
| Tuomo Juhani Hilli | Board of Directors | 0 companies |
| Taru Maarit Annala | Board of Directors | 0 companies |
| Aki Matias Soudunsaari | Chairperson | 0 companies |
| Päivi Johanna Vuolle | Board of Directors | 0 companies |