Jalon Group Oy
Jalon Group Oy is a Finnish residential and commercial construction group (FY2025 revenue €102.7M) serving individual home buyers, commercial developers, and municipalities through five regional offices and three business lines: residential construction, commercial and public contracting, and project development.
- Company typePrivate
- Founded2021
- HeadquartersMikkeli, Finland
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Jalon Group Oy does
Jalon Group Oy is a privately-held Finnish construction group headquartered in Mikkeli with regional offices in Helsinki (Vantaa), Jyväskylä, Kuopio, and Joensuu, employing approximately 130 people. It operates through two wholly-owned subsidiaries — Jalon Rakentajat Oy (core construction) and Jalon Uusimaa Oy (Southern Finland operations) — and is wholly owned by the Toivakka Companies family office, which traces its origins to a Mikkeli-based business founded in 1923. The group's revenue model is built on three streams: project development and direct apartment sales (56.6% of FY2025 revenue), commercial and public-sector contracting (37.5%), and renovation construction (5.9%). The go-to-market is sales-led, combining competitive bidding for municipal and public-sector contracts, direct sales of developer-initiated residential units to individual buyers under the Jalon-kodit housing brand, and project sales to commercial developers and investors.
The company's core offering spans five service divisions — Asuntorakentaminen (residential construction), Hankekehitys (project development), Urakointi (general contracting), Korjausrakentaminen (renovation), and Toimitilarakentaminen (commercial construction) — supplemented by the Jalon-kodit proprietary housing brand for sale and rental apartments. Production capacity exceeds 500 homes annually across the regional network, with thousands of homes delivered over the past three decades spanning apartment blocks and townhouses. The customer base is split between individual residential buyers, commercial/retail developers and tenants (including S-Market and K-Supermarket builds), housing associations, and Finnish municipalities for public infrastructure and renovation work.
FY2025 revenue was €102.7M, up 31.6% from €78.0M in FY2024, with operating profit returning to positive territory at €437k (from -€1.422M) and operating cash flow of €3.2M. The equity ratio stood at 26.8% with a 41.8% debt ratio and €5.4M in equity. Management has guided FY2026 revenue of approximately €110M and profit of €0.8-1.0M, with material investment directed at the project development pipeline (expected to generate revenue from late 2026) and a newly launched renovation business in Southern Finland, while noting that Finnish apartment markets are expected to remain subdued until at least 2028.
Jalon Group Oy firmographics
Firmographics- Name
- Jalon Group Oy
- Legal name
- Jalon Group Oy
- Website
- https://jalon.fi
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Jalon Group Oy is a Finnish residential and commercial construction group (FY2025 revenue €102.7M) serving individual home buyers, commercial developers, and municipalities through five regional offices and three business lines: residential construction, commercial and public contracting, and project development.
- Ownership category
- akta.pro rank
Jalon Group Oy industry classification
Industry- Product category
- Construction Services
- NAICS
- Lessors of Residential Buildings and Dwellings (53111)
- SIC
- General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- ADU Project Management & General Contracting (HSAPAMAO)
Keywords
Where Jalon Group Oy is headquartered
LocationHeadquarters
- HQ city
- Mikkeli
- HQ country
- Finland
- HQ region
- Europe
Offices6 records
Markets served
Jalon Group Oy business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Construction Contracting (Urakointi): General construction contracting services for residential, commercial, and public sector projects. Revenue from contracted construction work.
- Project Development (Hankekehitys): Development of residential projects for sale to end buyers. Revenue from property sales including developer-initiated housing projects.
- Rental Income: Rental apartments operation in Mikkeli area providing recurring rental revenue.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Jalon Group Oy product offering
Product offeringCore offering
Jalon Group Oy is a Finnish construction company that develops and builds residential housing and provides property development and general contracting services. The company operates five core divisions: residential construction (asuntorakentaminen), project development (hankekehitys), general contracting (urakointi), renovation construction (korjausrakentaminen), and commercial space construction (toimitilarakentaminen), with a proprietary Jalon-kodit housing brand for apartment sales and rentals.
Product overview
Jalon Group Oy operates as a construction company with a multi-service portfolio organized around five core divisions: Asuntorakentaminen (residential construction), Hankekehitys (project development), Urakointi (contracting), Korjausrakentaminen (renovation), and Toimitilarakentaminen (commercial construction). The company also maintains a proprietary housing brand, Jalon-kodit, for apartment sales and rentals. The portfolio includes new residential construction, renovation projects, and commercial space development, with recent expansion into renovation operations in Southern Finland. Project development activities are expected to begin generating revenue from late 2026.
Differentiator
Problem solved
Functional benefit
Brands
- Jalon-kodit: Jalon Group's residential housing brand featuring ongoing and upcoming residential development projects.
Products and services
- Asuntorakentaminen (Residential Construction) Core residential construction services including apartment buildings and townhouses, with expertise in new housing production. Targeted at individual home buyers, families, and housing developers.
- Hankekehitys (Project Development) Real estate development and investment services focused on housing projects, including land acquisition and planning. Targeted at investors, municipalities, and property developers seeking developer-initiated housing projects.
- Urakointi (Contracting) General contracting services for construction projects, including management of subcontractors and full project delivery. Targeted at municipalities, commercial developers, and entities needing turnkey construction delivery.
- Korjausrakentaminen (Renovation Construction) Renovation and refurbishment services for existing buildings. Targeted at municipalities, building owners, and commercial property holders needing renovation of existing structures.
- Toimitilarakentaminen (Commercial Space Construction) Construction of commercial and retail spaces including office buildings and public facilities. Targeted at commercial tenants, retailers, and public sector entities.
- Jalon-kodit (Jalon Homes) Proprietary housing brand offering apartments for sale and rent, with ongoing and upcoming residential development projects across Finland. Targeted at individual home buyers, families, and rental tenants.
Quantifiable outcome
- 500+ homes built annually
- +1 more outcomes
Companies that use Jalon Group Oy
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Jalon Group Oy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Jalon Group Oy partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights4 records
Jalon Group Oy competitors and assessment
Company assessmentDirect peers
- Pohjola Rakennus Oy: Pohjola Rakennus is a Finnish residential developer and contractor focused on apartment buildings and housing production. Comparable to Jalon's residential construction and Jalon-kodit developer brand within the same Finnish apartment market segment.
- YIT Oyj: YIT is the largest Finnish residential and commercial construction company with a national footprint across housing production, project development, and contracting. Direct comparison to Jalon's apartment, commercial, renovation, and contracting portfolio, though at much greater scale.
- NCC AB: NCC is a major Nordic construction and property development company with significant operations in Finland. Comparable to Jalon in residential construction, commercial building, and renovation across the Nordic housing market.
- SRV Yhtiöt Oyj: SRV is a Finnish construction and project development company specializing in residential, commercial, and public-sector projects. Highly comparable to Jalon's five-division model (residential construction, project development, contracting, renovation, commercial) and operates in the same Finnish market with similar go-to-market across municipalities and private buyers.
- Consti Group Oyj: Consti is a Finnish specialist contractor focused on renovation and refurbishment of residential and commercial buildings. Directly comparable to Jalon's Korjausrakentaminen (renovation construction) division, including public-sector renovation work.
- Hartela Group Oy: Hartela is a mid-sized Finnish construction company focused on residential, commercial, and public-sector projects. Closely comparable to Jalon in scale, product mix, regional presence, and target customer segments (municipalities and private buyers in Finland).
- Destia Oy: Destia is a Finnish infrastructure and construction company covering building construction, renovation, and public-sector projects. Comparable to Jalon's public-sector contracting and renovation divisions, both serving Finnish municipalities.
Broad incumbents
- Peab AB: Peab is a major Nordic construction and civil engineering company with residential, commercial, and renovation operations across Finland, Sweden, and Norway. Comparable to Jalon's diversified construction services across the Finnish market.
- Bonava AB: Bonava is a major Nordic residential property developer building apartment buildings across Finland and other Nordic countries. Comparable to Jalon's Jalon-kodit residential development arm but at much larger scale and listed public.
- Skanska AB: Skanska is a global Swedish construction and project development company with a Finnish subsidiary serving commercial, residential, and public-sector markets. Offers overlapping capabilities to Jalon's full-service construction portfolio as part of a wider international portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
Jalon Group Oy social profiles
Digital presenceJalon Group Oy compliance and trust
Trust signalCompliance1 record
Jalon Group Oy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jalon Group Oy leadership team
Management profileNumber of profiles
Profiles8 records
Jalon Group Oy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Jalon Group Oy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jalon Group Oy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jalon Group Oy
What does Jalon Group Oy do?
Jalon Group Oy is a Finnish construction company that develops and builds residential housing and provides property development and general contracting services. The company operates five core divisions: residential construction (asuntorakentaminen), project development (hankekehitys), general contracting (urakointi), renovation construction (korjausrakentaminen), and commercial space construction (toimitilarakentaminen), with a proprietary Jalon-kodit housing brand for apartment sales and rentals.
Is Jalon Group Oy a public or private company?
Jalon Group Oy is a private company. It is classified as family owned and is currently operating.
When was Jalon Group Oy founded?
Jalon Group Oy was founded in 2021. It employs 101 to 250 people.
Where is Jalon Group Oy based?
Jalon Group Oy is headquartered in Mikkeli, Finland, in the Europe region.
How does Jalon Group Oy make money?
Three revenue lines are on record. Construction Contracting (Urakointi) is the primary driver. The others are project Development (Hankekehitys) and rental Income.
Who are Jalon Group Oy's main competitors?
Direct peers on record are Pohjola Rakennus Oy, YIT Oyj, NCC AB, SRV Yhtiöt Oyj, Consti Group Oyj, Hartela Group Oy and Destia Oy. Broad incumbents are Peab AB, Bonava AB and Skanska AB.
Does Jalon Group Oy have an API?
No public API is recorded for Jalon Group Oy.
What industry is Jalon Group Oy in?
Jalon Group Oy's product category is Construction Services. Its primary akta.pro industry code is HSAPAMAO, ADU Project Management & General Contracting. Its NAICS code is 53111 and its SIC code is 1520.