Termowood AS
ASDissolvedOrg 899156692Høversjøvegen 49, 2090 HurdalProduksjon av bygningsartikler· NACE 16232Est. 2012 · 13 years old6 employeeshttps://www.tewo.no
Loading company…
Overview
Termowood AS is a Norwegian AS based in Hurdal, operating in the Produksjon av bygningsartikler sector. Incorporated in 2012, the company has 6 employees and reported revenue of NOK 3.8m in its latest annual filing.
Revenue 2022
3.8M NOK
−66% vs 2021
EBITDA margin
−424.9 %
+59% vs 2021
Net profit 2022
-20.6M NOK
+67% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-22.8 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
-228.7 %
Very weakAmong the 10% lowest rated companies in the industry
20182022
EBITDA — year on year
NOK millionsKey figures
Annual report 2022| Revenue | 3.8M NOK | -66% |
| EBITDA | -16.2M NOK | +59% |
| Net profit | -20.6M NOK | +67% |
| Total assets | 9M NOK | -7% |
| Equity | -2M NOK | +95% |
| Employees | 6 | — |
Company information
Legal name
TERMOWOOD AS
Org number
899156692
Legal form
Aksjeselskap
NACE code
16232 · Produksjon av bygningsartikler
Founded
22 October 2012 · 13 years
Share capital
NOK 4,000,000
Employees
6 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Forestå utvikling og salg av tjenester, teknologi, og produkter innenfor byggnæringen, og annet som hører dette til. Termowood as kan gjøre investeringer i relevante objekter som eiendom, produksjonsutstyr/anlegg med mer. Selskapet kan også forestå oppkjøp av selskaper som kan forsterke eller komplettere selskapets kjernevirksomhet.
(no translation available)
Contact
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 (2022), Termowood AS reported revenue of NOK 3.8m, a decrease of 66% 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 20.6m, and the EBITDA margin stood at -424.9%.
At the end of 2022, current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 3,809 | 11,267 | 14,891 | 6,010 | 12,398 |
| Staff expenses | -5,496 | -11,818 | -13,000 | -11,363 | -6,307 |
| EBITDA | -16,188 | -39,284 | -24,936 | -17,851 | -7,358 |
| Depreciation & amort. | -3,280 | -20,452 | -6,110 | -2,292 | -1,159 |
| EBIT | -19,468 | -59,735 | -31,045 | -20,143 | -8,516 |
| Net financials | -1,102 | -2,218 | -1,284 | -563 | -154 |
| Profit before tax | -20,570 | -61,954 | -32,329 | -20,706 | -8,670 |
| Tax | -0 | -0 | 1,127 | -0 | -0 |
| Net profit | -20,570 | -61,954 | -33,456 | -20,706 | -8,670 |
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 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 8,996 | 9,644 | 36,841 | 39,228 | 33,287 |
| Equity | -2,048 | -43,226 | -12,058 | 7,085 | 22,804 |
| Long-term debt | 4,000 | 34,400 | 30,216 | 20,836 | 2,000 |
| Short-term debt | 7,044 | 18,469 | 18,683 | 11,307 | 8,243 |
| Total debt | 11,044 | 52,870 | 48,898 | 32,143 | 10,243 |
Financial ratios
5-year trendEBITDA margin
-424.9 %
20182022
Equity ratio
-22.8 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Return on equity
—
20182022
Net profit margin
-540.0 %
Very weakAmong the 10% lowest rated companies in the industry
20182022
Asset turnover
0.42×
WeakAmong the 40% lowest rated companies in the industry
20182022
Debt / equity
—
20182022
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 10% 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 10% 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 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.
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 ratioWeak
Among the 30% 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Current ratioWeak
Among the 40% lowest 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 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 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.
Fixed assets to long-term capitalAverage
Around the average of companies in the same 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.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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.
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 coverageVery weak
Among the 20% lowest rated companies in the 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 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% 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 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 debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
One-year change in equityNot 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 equity.
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 |
|---|
Former (3)
HS Contact Person | Contact Person | 2021 – 2022 |
SA Observer | Observer | 2021 – 2021 |
NP Chief Executive Officer | Chief Executive Officer | 2022 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
JG Board of Directors | Board of Directors | 2022 |
TN Chairman | Chairman | 2022 |
SA Board of Directors | Board of Directors | 2022 |
Former (5)
HS Chairman | Chairman | 2021 – 2022 |
IG Board of Directors | Board of Directors | 2021 – 2021 |
HT Chairman | Chairman | 2021 – 2021 |
MB Chairman | Chairman | 2022 – 2022 |
NP Board of Directors | Board of Directors | 2021 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 4.48% | 4.48% | 2022 | |
| Individual | 1.32% | 1.32% | 2020 | |
| Company | 4.46% | 4.46% | 2022 | |
| Company | 100% | 100% | 2023 | |
| Company | 12.75% | 12.75% | 2022 | |
| Company | 1.32% | 1.32% | 2022 | |
| Individual | 1.32% | 1.32% | 2020 | |
| Individual | 0.26% | 0.26% | 2022 | |
Gunnar Olofsson Ab | Company | 0.2% | 0.2% | 2022 |
| Company | 3.95% | 3.95% | 2022 | |
| Individual | 0.36% | 0.36% | 2022 | |
| Company | 0.44% | 0.44% | 2022 | |
| Company | 2.77% | 2.77% | 2022 | |
| Individual | 0.58% | 0.58% | 2022 | |
| Company | 26.81% | 26.81% | 2022 | |
| Company | 1.09% | 1.09% | 2022 |
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
Htl Holding As4.46%Oxer Kapital As12.75%Høversjøvegen 49 As1.32%Gunnar Olofsson Ab0.2%Virtabygg AS3.95%Pabak As0.44%Investinor As26.81%Shelterwood As1.09%
Termowood AS (this company)Board network connections
Board members of Termowood AS also hold positions in 50 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Thomas Nesheim | Chairman | 14 companiesMany roles |
| Håkon Stenberg Rognlien | Contact Person | 10 companiesMany roles |
| Marianne Bækkevold | Chairman | 7 companiesMany roles |
| Stig Andersen | Observer | 6 companiesMany roles |
| Henning Thorsen | Chairman | 6 companiesMany roles |
| Johnny Gangsø | Board of Directors | 4 companies |
| Ivar Graff Salvesen | Board of Directors | 2 companies |
| Nis Peter Bredsdorff Skovholt | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of Termowood AS?
Termowood AS is registered with Brønnøysundsregistrene under Org 899156692.
What is the revenue of Termowood AS?
Termowood AS reported revenue of NOK 3.8m in 2022.
How many employees does Termowood AS have?
Termowood AS employs 6 people as of the latest annual report.
Who is the chairman of Termowood AS?
Thomas Nesheim chairs the board of Termowood AS, in role since 2022.
Where is Termowood AS headquartered?
Termowood AS's registered address is Høversjøvegen 49.