Upnode AS
ASDissolvedOrg 819789932Møllendalsveien 68C, 5009 BergenComputer consultancy and computer facilities management activities· NACE 6220Est. 2017 · 9 years old0 employees
Loading company…
Overview
Upnode AS is a Norwegian AS based in Bergen, operating in the Computer consultancy and computer facilities management activities sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 227.5k in its latest annual filing.
Revenue 2023
227.5K NOK
−55% vs 2022
EBITDA margin
−11.6 %
+97% vs 2022
Net profit 2023
-27.3K NOK
+97% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
25.7 %
WeakAmong the 40% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
AverageAround the average of companies in the same industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-12.7 %
WeakAmong the 30% lowest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 227.5K NOK | -55% |
| EBITDA | -26.4K NOK | +97% |
| Net profit | -27.3K NOK | +97% |
| Total assets | 215.1K NOK | -34% |
| Equity | 55.2K NOK | -33% |
| Employees | 0 | — |
Company information
Legal name
UPNODE AS
Org number
819789932
Legal form
Aksjeselskap
Founded
25 August 2017 · 9 years
Share capital
NOK 221,500
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Company purpose
Utvikling og levering av konsulenttjenester innen it, internett, teknologi og infrastruktur samt det som naturlig står i forbindelse med dette.
(no translation available)
Address
Møllendalsveien 68C, 5009 Bergen
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2023), Upnode AS reported revenue of NOK 227.5k, a decrease of 55% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of NOK 27.3k, and the EBITDA margin stood at -11.6%.
At the end of 2023, equity financed 25.7% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 227 | 503 | 561 | 584 | 221 |
| Staff expenses | -0 | -624 | -157 | -84 | -173 |
| EBITDA | -26 | -925 | -4 | 109 | -74 |
| Depreciation & amort. | -0 | -0 | -89 | -38 | -0 |
| EBIT | -26 | -925 | -93 | 71 | -74 |
| Net financials | -1 | -3 | -3 | -5 | 0 |
| Profit before tax | -27 | -928 | -96 | 66 | -74 |
| Tax | -0 | 39 | -21 | -18 | -0 |
| Net profit | -27 | -967 | -75 | 84 | -74 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 215 | 324 | 1,360 | 1,301 | 203 |
| Equity | 55 | 83 | 1,050 | 1,125 | 161 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 160 | 242 | 310 | 176 | 42 |
| Total debt | 160 | 242 | 310 | 176 | 42 |
Financial ratios
5-year trendEBITDA margin
-11.6 %
20192023
Equity ratio
25.7 %
WeakAmong the 40% lowest rated companies in the industry
20192023
Return on equity
-49.5 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Net profit margin
-12.0 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Asset turnover
1.06×
StrongAmong the 40% highest rated companies in the industry
20192023
Debt / equity
2.90×
WeakAmong the 30% lowest rated companies in the industry
20192023
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% 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 marginWeak
Among the 30% 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 marginWeak
Among the 30% 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)Weak
Among the 30% 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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 ratioStrong
Among the 40% 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 ratioWeak
Among the 40% 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 ratioWeak
Among the 40% lowest 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 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 equityVery weak
Among the 20% 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 40% 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 debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 40% 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 30% 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 20% 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 strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
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.
Annual reports & filings
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (1)
TR Chief Executive Officer | Chief Executive Officer | 2017 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TR Chairman | Chairman | 2023 |
Former (4)
CW Board of Directors | Board of Directors | 2020 – 2023 |
FS Board of Directors | Board of Directors | 2020 – 2023 |
GV Chairman | Chairman | 2020 – 2023 |
SM Board of Directors | Board of Directors | 2020 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 0.61% | 0.61% | 2022 | |
| Company | 33.77% | 33.77% | 2020 | |
| Company | 90.49% | 90.49% | 2022 | |
| Company | 1.04% | 1.04% | 2020 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Fsb Holding As
Upnode AS Board network connections
Board members of Upnode AS also hold positions in 34 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sverre Marvik | Board of Directors | 11 companiesMany roles |
| Fredrik Skanke Bredeli | Board of Directors | 9 companiesMany roles |
| Gudrun Vallestad Jebsen | Chairman | 9 companiesMany roles |
| Christine Wigand | Board of Directors | 4 companies |
| Tom Rune Flo | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of Upnode AS?
Upnode AS is registered with Brønnøysundsregistrene under Org 819789932.
What is the revenue of Upnode AS?
Upnode AS reported revenue of NOK 227.5k in 2023.
Who is the chairman of Upnode AS?
Tom Rune Flo chairs the board of Upnode AS, in role since 2023.
Where is Upnode AS headquartered?
Upnode AS's registered address is Møllendalsveien 68C.