Propcloud AS
ASDissolvedOrg 825803572Bjerketvedtvegen 22, 3914 PorsgrunnProgrammeringstjenester· NACE 62010Est. 2020 · 6 years old1-4 employeeshttps://www.propcloud.no
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Overview
Propcloud AS is a Norwegian AS based in Porsgrunn, operating in the Programmeringstjenester sector. Incorporated in 2020, the company reported revenue of NOK 2.1m in its latest annual filing.
Revenue 2023
2.1M NOK
+468% vs 2022
EBITDA margin
2.5 %
+107% vs 2022
Net profit 2023
0M NOK
+104% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
74.5 %
StrongAmong the 40% highest rated companies in the industry
20202023
Liquidity ratioCurrent assets ÷ Short-term debt
1.8×
AverageAround the average of companies in the same industry
20202023
Return on assets (ROA)Net profit ÷ Total assets × 100
0.3 %
AverageAround the average of companies in the same industry
20202023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 2.1M NOK | +468% |
| EBITDA | 0.1M NOK | +107% |
| Net profit | 0M NOK | +104% |
| Total assets | 11M NOK | +22% |
| Equity | 8.2M NOK | +33% |
| Employees | — | — |
Company information
Legal name
PROPCLOUD AS
Org number
825803572
Legal form
Aksjeselskap
NACE code
62010 · Programmeringstjenester
Founded
15 September 2020 · 6 years
Share capital
NOK 291,928
Employees
1-4
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Virksomhet innen utvikling av programvare og analyse av eiendom, og alt som står i forbindelse med de forannevnte virksomheter.
(no translation available)
Contact
Address
Bjerketvedtvegen 22, 3914 Porsgrunn
Phone
+47 46 95 86 31
Email
haakon@propcloud.no
Website
https://www.propcloud.no
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Financial development
In its most recent annual report (2023), Propcloud AS reported revenue of NOK 2.1m, an increase of 468% on the year before. The figures on this page draw on 4 annual filings covering 2020 to 2023. The bottom line showed a net profit of NOK 34.1k, and the EBITDA margin stood at 2.5%.
At the end of 2023, equity financed 74.5% of the balance sheet, and current assets covered short-term debt 1.8 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 2,120 | 373 | 58 | 0 |
| Staff expenses | -771 | -95 | -796 | -0 |
| EBITDA | 53 | -780 | -1,229 | -0 |
| Depreciation & amort. | -1 | -0 | -0 | -0 |
| EBIT | 52 | -780 | -1,229 | -0 |
| Net financials | -18 | -20 | -3 | 0 |
| Profit before tax | 34 | -800 | -1,231 | -0 |
| Tax | -0 | -0 | -0 | -0 |
| Net profit | 34 | -800 | -1,231 | -0 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Total assets | 11,048 | 9,050 | 3,072 | 100 |
| Equity | 8,230 | 6,207 | 2,882 | 94 |
| Long-term debt | 1,500 | 1,500 | 0 | 0 |
| Short-term debt | 1,318 | 265 | 190 | 6 |
| Total debt | 2,818 | 1,765 | 190 | 6 |
Financial ratios
5-year trendEBITDA margin
2.5 %
20202023
Equity ratio
74.5 %
StrongAmong the 40% highest rated companies in the industry
20202023
Return on equity
0.4 %
AverageAround the average of companies in the same industry
20202023
Net profit margin
1.6 %
AverageAround the average of companies in the same industry
20202023
Asset turnover
0.19×
AverageAround the average of companies in the same industry
20202023
Debt / equity
0.34×
StrongAmong the 40% highest rated companies in the industry
20202023
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same 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)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest 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 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 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 equityVery strong
Among the 20% highest 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 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 ratioVery strong
Among the 10% highest rated companies in the 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 equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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.
Equity to contributed capitalStrong
Among the 30% 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 equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 30% lowest 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 2020-09-15 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
DD Business Manager | Business Manager | 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
DD Board of Directors | Board of Directors | 2022 |
PC Chairman | Chairman | 2024 |
Former (5)
HC Board of Directors | Board of Directors | 2021 – 2024 |
IJ Board of Directors | Board of Directors | 2021 – 2022 |
JØ Board of Directors | Board of Directors | 2022 – 2024 |
CA Chairman | Chairman | 2022 – 2024 |
RK Board of Directors | Board of Directors | 2020 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 1.25% | 1.25% | 2023 | |
| Company | 18.2% | 18.2% | 2021 | |
| Company | 100% | 100% | 2024 | |
| Company | 42.87% | 42.87% | 2023 | |
| Company | 55.88% | 55.88% | 2023 | |
| Individual | 2.56% | 2.56% | 2021 | |
| Company | 10.24% | 10.24% | 2021 | |
| Company | 7.68% | 7.68% | 2021 |
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Company hierarchy
R&D Invest As1.25%Polly Invest As18.2%Placepoint As100%Powerplay Tech Invest As42.87%Convex Compounding As55.88%Rrk As10.24%Rentier Capital As7.68%
Propcloud AS (this company)Board network connections
Board members of Propcloud AS also hold positions in 82 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Joachim Øvergård Schala | Board of Directors | 21 companiesMany roles |
| Daniel Dybdal Nilsen | Business Manager | 20 companiesMany roles |
| Ingar Jansen | Board of Directors | 18 companiesMany roles |
| Christian Albert Berg | Chairman | 9 companiesMany roles |
| Peder Christian Sunde | Chairman | 8 companiesMany roles |
| Haakon Christian Walmann | Board of Directors | 4 companies |
| Rikard Knive | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Propcloud AS?
Propcloud AS is registered with Brønnøysundsregistrene under Org 825803572.
What is the revenue of Propcloud AS?
Propcloud AS reported revenue of NOK 2.1m in 2023.
Who is the chairman of Propcloud AS?
Peder Christian Sunde chairs the board of Propcloud AS, in role since 2024.
Where is Propcloud AS headquartered?
Propcloud AS's registered address is Bjerketvedtvegen 22.