Assitech AS
ASDissolvedOrg 813727102Fossegrenda 30B, 7038 TrondheimIndustridesign, produktdesign og annen teknisk designvirksomhet· NACE 74101Est. 2014 · 12 years old5 employeeshttps://www.assistep.no
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Overview
Assitech AS is a Norwegian AS based in Trondheim, operating in the Industridesign, produktdesign og annen teknisk designvirksomhet sector. Incorporated in 2014, the company has 5 employees and reported revenue of NOK 9.4m in its latest annual filing.
Revenue 2022
9.4M NOK
+30% vs 2021
EBITDA margin
−4.7 %
+63% vs 2021
Net profit 2022
-1.4M NOK
+27% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
36.7 %
WeakAmong the 40% lowest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
-13.2 %
WeakAmong the 30% lowest rated companies in the industry
20182022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 9.4M NOK | +30% |
| EBITDA | -0.4M NOK | +63% |
| Net profit | -1.4M NOK | +27% |
| Total assets | 10.6M NOK | +12% |
| Equity | 3.9M NOK | -27% |
| Employees | 5 | — |
Company information
Legal name
ASSITECH AS
Org number
813727102
Legal form
Aksjeselskap
NACE code
Founded
27 May 2014 · 12 years
Share capital
NOK 50,845
Employees
5 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Daglig leder eller styrets leder alene.
Company purpose
Fremstilling/salg av velferdsteknologi, tekniske hjelpemidler og andre produkter som naturlig faller sammen med dette, herunder å delta i andre selskaper med lignende virksomhet, kjøp og salg av aksjer, eller på annen måte gjøre seg interessert i andre foretagender.
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Contact
Address
Fossegrenda 30B, 7038 Trondheim
Website
https://www.assistep.no
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Financial development
In its most recent annual report (2022), Assitech AS reported revenue of NOK 9.4m, an increase of 30% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of NOK 1.4m, and the EBITDA margin stood at -4.7%.
At the end of 2022, equity financed 36.7% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 9,367 | 7,185 | 7,083 | 6,353 | 3,835 |
| Staff expenses | -2,702 | -2,325 | -1,643 | -1,811 | -1,342 |
| EBITDA | -444 | -1,190 | -21 | -78 | -284 |
| Depreciation & amort. | -1,245 | -1,314 | -1,167 | -798 | -584 |
| EBIT | -1,690 | -2,504 | -1,188 | -876 | -868 |
| Net financials | -291 | -154 | -23 | -75 | -28 |
| Profit before tax | -1,981 | -2,657 | -1,211 | -951 | -895 |
| Tax | -571 | -714 | -366 | -313 | -253 |
| Net profit | -1,410 | -1,943 | -845 | -639 | -642 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 10,647 | 9,469 | 9,350 | 9,585 | 7,482 |
| Equity | 3,910 | 5,319 | 7,262 | 7,627 | 5,006 |
| Long-term debt | 3,600 | 2,533 | 667 | 0 | 0 |
| Short-term debt | 3,137 | 1,617 | 1,420 | 1,957 | 2,476 |
| Total debt | 6,737 | 4,150 | 2,087 | 1,957 | 2,476 |
Financial ratios
5-year trendEBITDA margin
-4.7 %
20182022
Equity ratio
36.7 %
WeakAmong the 40% lowest rated companies in the industry
20182022
Return on equity
-36.1 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Net profit margin
-15.0 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Asset turnover
0.88×
AverageAround the average of companies in the same industry
20182022
Debt / equity
1.72×
WeakAmong the 30% lowest rated companies in the industry
20182022
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 20% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 20% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 20% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very weak
Among the 20% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 40% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioVery weak
Among the 20% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 30% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
HW Chief Executive Officer | Chief Executive Officer | 2014 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AE Chairman | Chairman | 2021 |
Former (6)
JR Board of Directors | Board of Directors | 2020 – 2021 |
FB Board of Directors | Board of Directors | 2020 – 2021 |
IL Board of Directors | Board of Directors | 2020 – 2021 |
CE Board of Directors | Board of Directors | 2021 – 2023 |
CW Board of Directors | Board of Directors | 2020 – 2021 |
EG Chairman | Chairman | 2020 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Ontogeni Ab | Company | 9.37% | 9.37% | 2020 |
| Company | 100% | 100% | 2021 | |
| Company | 5.13% | 5.13% | 2020 | |
| Company | 4.43% | 4.43% | 2020 | |
| Company | 1.1% | 1.1% | 2020 | |
| Company | 59.89% | 59.89% | 2020 | |
Aqua Niveus Ab | Company | 3.24% | 3.24% | 2020 |
| Individual | 1.37% | 1.37% | 2020 | |
| Individual | 1.06% | 1.06% | 2020 | |
Dellik Ab | Company | 3.19% | 3.19% | 2020 |
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Company hierarchy
Ontogeni Ab9.37%Tidligfasefondet As5.13%Neste Stopp As4.43%Investix As1.1%Hesi Invest As59.89%Aqua Niveus Ab3.24%Dellik Ab3.19%
Assitech AS (this company)Board network connections
Board members of Assitech AS also hold positions in 60 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christian Wee | Board of Directors | 23 companiesMany roles |
| Fredrik Brodtkorb | Board of Directors | 12 companiesMany roles |
| Asbjørn Eskild | Chairman | 9 companiesMany roles |
| Ingrid Lonar | Board of Directors | 5 companies |
| Eirik Gjelsvik Medbø | Chairman | 5 companies |
| Halvor Wold | Chief Executive Officer | 4 companies |
| Christer Engh Johansen | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Assitech AS?
Assitech AS is registered with Brønnøysundsregistrene under Org 813727102.
What is the revenue of Assitech AS?
Assitech AS reported revenue of NOK 9.4m in 2022.
How many employees does Assitech AS have?
Assitech AS employs 5 people as of the latest annual report.
Who is the CEO of Assitech AS?
Halvor Wold is the CEO of Assitech AS.
Who is the chairman of Assitech AS?
Asbjørn Eskild chairs the board of Assitech AS, in role since 2021.
Where is Assitech AS headquartered?
Assitech AS's registered address is Fossegrenda 30B.