GPS Ping AS
ASDissolvedOrg 912324079Kløvberget Terrasse 4G, 2032 MauraProgrammeringstjenester· NACE 62010Est. 2013 · 13 years old0 employeeshttps://gpsping.no
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Overview
GPS Ping AS is a Norwegian AS based in Maura, operating in the Programmeringstjenester sector. Incorporated in 2013, the company has 0 employees and reported revenue of NOK 65.7k in its latest annual filing.
Revenue 2019
0.1M NOK
−87% vs 2018
EBITDA margin
−299.0 %
+52% vs 2018
Net profit 2019
-0.6M NOK
-48% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-229.7 %
Very weakAmong the 10% lowest rated companies in the industry
20152019
Liquidity ratioCurrent assets ÷ Short-term debt
-245.7×
20152019
Return on assets (ROA)Net profit ÷ Total assets × 100
-83.2 %
Very weakAmong the 20% lowest rated companies in the industry
20152019
EBITDA — year on year
NOK thousandsKey figures
Annual report 2019| Revenue | 0.1M NOK | -87% |
| EBITDA | -0.2M NOK | +52% |
| Net profit | -0.6M NOK | -48% |
| Total assets | 0.8M NOK | -48% |
| Equity | -1.8M NOK | -57% |
| Employees | 0 | — |
Company information
Legal name
GPS PING AS
Org number
912324079
Legal form
Aksjeselskap
NACE code
62010 · Programmeringstjenester
Founded
1 July 2013 · 13 years
Share capital
NOK 61,230
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2019-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Utvikle og selge sporingsenheter, applikasjoner og programvare basert på gps og liknende teknologier. Herunder også å delta i andre selskaper med lignende virksomhet, eller på annen måte gjøre seg interessert i andre foretagende.
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Contact
Address
Kløvberget Terrasse 4G, 2032 Maura
Website
https://gpsping.no
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Financial development
In its most recent annual report (2019), GPS Ping AS reported revenue of NOK 65.7k, a decrease of 87% on the year before. The figures on this page draw on 5 annual filings covering 2015 to 2019. The bottom line showed a net loss of NOK 635.9k, and the EBITDA margin stood at -299%.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | 66 | 487 | 274 | 283 | 23 |
| Staff expenses | -0 | -0 | 61 | -306 | -24 |
| EBITDA | -196 | -411 | 27 | -1,038 | -286 |
| Depreciation & amort. | -430 | -0 | -0 | -0 | -0 |
| EBIT | -626 | -411 | 27 | -1,038 | -286 |
| Net financials | -10 | -17 | -19 | -12 | 0 |
| Profit before tax | -636 | -429 | 8 | -1,050 | -286 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -636 | -429 | 8 | -1,050 | -286 |
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Balance sheet
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Total assets | 764 | 1,460 | 858 | 537 | 277 |
| Equity | -1,756 | -1,120 | -692 | -800 | 250 |
| Long-term debt | 2,524 | 2,555 | 1,336 | 0 | 0 |
| Short-term debt | -3 | 25 | 214 | 1,337 | 27 |
| Total debt | 2,521 | 2,580 | 1,550 | 1,337 | 27 |
Financial ratios
5-year trendEBITDA margin
-299.0 %
20152019
Equity ratio
-229.7 %
Very weakAmong the 10% lowest rated companies in the industry
20152019
Return on equity
—
20152019
Net profit margin
-967.9 %
Very weakAmong the 10% lowest rated companies in the industry
20152019
Asset turnover
0.09×
AverageAround the average of companies in the same industry
20152019
Debt / equity
—
20152019
Sector performance
18 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 20% 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 20% 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.
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
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 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
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 10% 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 10% 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 debtWeak
Among the 30% 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 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 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 marginVery weak
Among the 20% 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 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 capitalVery weak
Among the 10% 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 debtStrong
Among the 40% 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.
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 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 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
JR Chairman | Chairman | 2018 |
GF Board of Directors | Board of Directors | 2018 |
TM Board of Directors | Board of Directors | 2018 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
G.F.Invest As
GPS Ping AS Board network connections
Board members of GPS Ping AS also hold positions in 20 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Thomas Mareno Bugge | Board of Directors | 11 companiesMany roles |
| Geir Fladseth | Board of Directors | 5 companies |
| Johannes Richardsen | Chairman | 4 companies |
Frequently asked questions
What is the Org number of GPS Ping AS?
GPS Ping AS is registered with Brønnøysundsregistrene under Org 912324079.
What is the revenue of GPS Ping AS?
GPS Ping AS reported revenue of NOK 65.7k in 2019.
Who is the chairman of GPS Ping AS?
Johannes Richardsen chairs the board of GPS Ping AS, in role since 2018.
Where is GPS Ping AS headquartered?
GPS Ping AS's registered address is Kløvberget Terrasse 4G.