Think Simple AS

ASDissolved

Org 913701666Åmotveien 2, 1389 HeggedalProgrammeringstjenester· NACE 62010Est. 2014 · 12 years old0 employees

Overview

Think Simple AS is a Norwegian AS based in Heggedal, operating in the Programmeringstjenester sector. Incorporated in 2014, the company has 0 employees and reported revenue of NOK 1.6m in its latest annual filing.

Revenue 2017

1.6M NOK

−2% vs 2016

EBITDA margin

−3.1 %

−133% vs 2016

Net profit 2017

-0.1M NOK

-268% vs 2016

Key ratios

See full ratios →

20.3 %

Weak

Among the 40% lowest rated companies in the industry

20142017

0.4×

Very weak

Among the 20% lowest rated companies in the industry

20142017

-11.5 %

Weak

Among the 40% lowest rated companies in the industry

20142017

EBITDA — year on year

NOK thousands

Key figures

Annual report 2017

Revenue	1.6M NOK	-2%
EBITDA	-0M NOK	-133%
Net profit	-0.1M NOK	-268%
Total assets	1.2M NOK	+49%
Equity	0.3M NOK	-36%
Employees	0	—

Financial development

In its most recent annual report (2017), Think Simple AS reported revenue of NOK 1.6m, a decrease of 2% on the year before. The figures on this page draw on 4 annual filings covering 2014 to 2017. The bottom line showed a net loss of NOK 141.1k, and the EBITDA margin stood at -3.1%.

At the end of 2017, equity financed 20.3% of the balance sheet, and current assets covered short-term debt 0.4 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2017	2016	2015	2014
Revenue	1,575	1,615	1,998	974
Staff expenses	-16	-175	-526	-613
EBITDA	-50	150	628	-284
Depreciation & amort.	-15	-0	-0	-0
EBIT	-65	150	628	-284
Net financials	-77	-51	-10	-11
Profit before tax	-141	100	619	-296
Tax	-0	16	190	-83
Net profit	-141	84	429	-213

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Balance sheet

NOK thousands

Item	2017	2016	2015	2014
Total assets	1,230	826	789	179
Equity	250	391	307	-122
Long-term debt	0	0	0	0
Short-term debt	980	435	482	300
Total debt	980	435	482	300

Financial ratios

5-year trend

EBITDA margin

-3.1 %

20142017

Equity ratio

20.3 %

Weak

Among the 40% lowest rated companies in the industry

20142017

Return on equity

-56.4 %

Very weak

Among the 20% lowest rated companies in the industry

20142017

Net profit margin

-9.0 %

Weak

Among the 30% lowest rated companies in the industry

20142017

Asset turnover

1.28×

Strong

Among the 30% highest rated companies in the industry

20142017

Debt / equity

3.92×

Very weak

Among the 20% lowest rated companies in the industry

20142017

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginWeak

Among the 30% 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 40% 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 40% 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 40% 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 ratioVery weak

Among the 20% 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 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 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 equityWeak

Among the 40% 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 weak

Among the 10% 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 ratioWeak

Among the 30% 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 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 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 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 debtVery weak

Among the 20% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 30% 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 30% highest 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 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 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 weak

Among the 20% lowest rated companies in the industry

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

Annual reports & filings

Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via Brønnøysundsregistrene · Period 2014-02-24 – 2014-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Think Simple AS?

Think Simple AS is registered with Brønnøysundsregistrene under Org 913701666.

What is the revenue of Think Simple AS?

Think Simple AS reported revenue of NOK 1.6m in 2017.

Where is Think Simple AS headquartered?

Think Simple AS's registered address is Åmotveien 2.