Flexenergi AS
ASDissolvedOrg 817375472Prinsens Vei 10A, 4315 SandnesDistribution of electricity· NACE 3514Est. 2016 · 10 years old0 employees
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Overview
Flexenergi AS is a Norwegian AS based in Sandnes, operating in the Distribution of electricity sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2019
0K NOK
EBITDA margin
—
Net profit 2019
-46.1K NOK
-1780% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
64.9 %
StrongAmong the 40% highest rated companies in the industry
20162019
Liquidity ratioCurrent assets ÷ Short-term debt
2.8×
StrongAmong the 40% highest rated companies in the industry
20162019
Return on assets (ROA)Net profit ÷ Total assets × 100
-103.6 %
Very weakAmong the 10% lowest rated companies in the industry
20162019
EBITDA — year on year
NOK thousandsKey figures
Annual report 2019| Revenue | 0K NOK | — |
| EBITDA | -46.3K NOK | -1883% |
| Net profit | -46.1K NOK | -1780% |
| Total assets | 44.5K NOK | -41% |
| Equity | 28.9K NOK | -61% |
| Employees | 0 | — |
Company information
Legal name
FLEXENERGI AS
Org number
817375472
Legal form
Aksjeselskap
NACE code
3514 · Distribution of electricity
Founded
3 May 2016 · 10 years
Share capital
NOK 100,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2019-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Energiforsyning, energihandel og tekniske konsulenter.
(no translation available)
Address
Prinsens Vei 10A, 4315 Sandnes
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Financial development
In its most recent annual report (2019), Flexenergi AS reported revenue of NOK 0, a decrease of 100% on the year before. The figures on this page draw on 4 annual filings covering 2016 to 2019. The bottom line showed a net loss of NOK 46.1k.
At the end of 2019, equity financed 64.9% of the balance sheet, and current assets covered short-term debt 2.8 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Revenue | 0 | 72 | 50 | 50 |
| Staff expenses | -0 | -0 | -0 | -0 |
| EBITDA | -46 | 3 | -5 | -23 |
| Depreciation & amort. | -0 | -0 | -0 | -0 |
| EBIT | -46 | 3 | -5 | -23 |
| Net financials | 0 | 0 | 0 | 0 |
| Profit before tax | -46 | 3 | -5 | -23 |
| Tax | -0 | -0 | -0 | -0 |
| Net profit | -46 | 3 | -5 | -23 |
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Balance sheet
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Total assets | 44 | 75 | 72 | 111 |
| Equity | 29 | 75 | 72 | 77 |
| Long-term debt | 0 | 0 | 0 | 0 |
| Short-term debt | 16 | 0 | 0 | 34 |
| Total debt | 16 | 0 | 0 | 34 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20162019
Equity ratio
64.9 %
StrongAmong the 40% highest rated companies in the industry
20162019
Return on equity
-159.6 %
Very weakAmong the 10% lowest rated companies in the industry
20162019
Net profit margin
<−999 %
20162019
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20162019
Debt / equity
0.54×
StrongAmong the 40% highest rated companies in the industry
20162019
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very weak
Among the 10% 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)Very weak
Among the 10% 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 10% 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 10% 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 ratioVery weak
Among the 10% 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Liquidity
Current ratioStrong
Among the 40% highest rated companies in the 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 ratioStrong
Among the 40% highest 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 ratioVery strong
Among the 20% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 20% lowest rated companies in the 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 capitalVery strong
Among the 10% highest 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest 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 ratioStrong
Among the 30% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 40% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 10% 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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 20% lowest 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 equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-05-03 – 2016-12-31
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 24.5% | 24.5% | 2020 | |
| Individual | 24.5% | 24.5% | 2020 |
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Flexenergi AS Frequently asked questions
What is the Org number of Flexenergi AS?
Flexenergi AS is registered with Brønnøysundsregistrene under Org 817375472.
Where is Flexenergi AS headquartered?
Flexenergi AS's registered address is Prinsens Vei 10A.