Ritro AS

ASDissolved

Org 829509512Emil Schanches Gate 7, 7160 BjugnWholesale of agricultural machinery, equipment and supplies· NACE 4661Est. 2022 · 4 years old46 employeeshttps://www.ritro.no

Overview

Ritro AS is a Norwegian AS based in Bjugn, operating in the Wholesale of agricultural machinery, equipment and supplies sector. Incorporated in 2022, the company has 46 employees and reported revenue of NOK 97.3m in its latest annual filing.

Revenue 2023

97.3M NOK

+22% vs 2022

EBITDA margin

9.8 %

+103% vs 2022

Net profit 2023

3.9M NOK

+111% vs 2022

Key ratios

See full ratios →

9.6 %

Weak

Among the 30% lowest rated companies in the industry

20222023

1.5×

Average

Around the average of companies in the same industry

20222023

5.0 %

Average

Around the average of companies in the same industry

20222023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	97.3M NOK	+22%
EBITDA	9.5M NOK	+103%
Net profit	3.9M NOK	+111%
Total assets	79M NOK	+3%
Equity	7.6M NOK	+108%
Employees	46	—

Contact

Address

Emil Schanches Gate 7, 7160 Bjugn

Phone

+47 40 00 11 70

post@ritro.no

Website

https://www.ritro.no

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2023), Ritro AS reported revenue of NOK 97.3m, an increase of 22% on the year before. The figures on this page draw on 2 annual filings covering 2022 to 2023. The bottom line showed a net profit of NOK 3.9m, and the EBITDA margin stood at 9.8%.

At the end of 2023, equity financed 9.6% of the balance sheet, and current assets covered short-term debt 1.5 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022
Revenue	97,256	79,506
Staff expenses	-15,294	-11,839
EBITDA	9,496	4,672
Depreciation & amort.	-1,006	-765
EBIT	8,490	3,907
Net financials	-3,256	-1,580
Profit before tax	5,234	2,326
Tax	1,289	461
Net profit	3,946	1,866

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.

See the credit rating

Balance sheet

NOK thousands

Item	2023	2022
Total assets	79,002	76,708
Equity	7,591	3,646
Long-term debt	36,913	42,203
Short-term debt	34,498	30,860
Total debt	71,411	73,063

Financial ratios

5-year trend

EBITDA margin

9.8 %

20222023

Equity ratio

9.6 %

Weak

Among the 30% lowest rated companies in the industry

20222023

Return on equity

52.0 %

Very strong

Among the 20% highest rated companies in the industry

20222023

Net profit margin

4.1 %

Strong

Among the 40% highest rated companies in the industry

20222023

Asset turnover

1.23×

Average

Around the average of companies in the same industry

20222023

Debt / equity

9.41×

Very weak

Among the 20% lowest rated companies in the industry

20222023

Sector performance

28 of 28 ratios graded

28 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 marginStrong

Among the 30% highest 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 marginStrong

Among the 40% highest 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 strong

Among the 20% highest 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)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)Very strong

Among the 20% highest 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)Strong

Among the 30% 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 ratioVery strong

Among the 20% 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 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 ratioVery weak

Among the 20% 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 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 capitalWeak

Among the 40% 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 ratioWeak

Among the 30% 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 30% 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 equityVery weak

Among the 20% 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 10% 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 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 debtStrong

Among the 40% highest rated companies in the 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 30% 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.

Inventory turnoverVery strong

Among the 20% 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 capitalStrong

Among the 40% 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 equityVery strong

Among the 10% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtStrong

Among the 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Annual reports & filings

Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
RL Richard Leikvang Chief Executive Officer	Chief Executive Officer	2024

Former (1)


TL Trond Leikvang Chief Executive Officer	Chief Executive Officer	2022 – 2024

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
RL Richard Leikvang Board of Directors	Board of Directors	2024
TL Trond Leikvang Chairman	Chairman	2024

Shareholders

Active legal owners

No shareholder data available.

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.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Ritro AS also hold positions in 35 other companies.

Person	Role here	Other companies
Richard Leikvang	Chief Executive Officer	18 companiesMany roles
Trond Leikvang	Chief Executive Officer	17 companiesMany roles

Frequently asked questions

What is the Org number of Ritro AS?

Ritro AS is registered with Brønnøysundsregistrene under Org 829509512.

What is the revenue of Ritro AS?

Ritro AS reported revenue of NOK 97.3m in 2023.

How many employees does Ritro AS have?

Ritro AS employs 46 people as of the latest annual report.

Who is the CEO of Ritro AS?

Richard Leikvang is the CEO of Ritro AS, in role since 2024.

Who is the chairman of Ritro AS?

Trond Leikvang chairs the board of Ritro AS, in role since 2024.

Where is Ritro AS headquartered?

Ritro AS's registered address is Emil Schanches Gate 7.