Spiff AS
ASDissolvedOrg 914939577Prinsessealléen 50, 0276 OsloOther activities auxiliary to financial services, except insurance and pension funding· NACE 6619Est. 2015 · 11 years old0 employeeshttps://www.getspiff.no
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Overview
Spiff AS is a Norwegian AS based in Oslo, operating in the Other activities auxiliary to financial services, except insurance and pension funding sector. Incorporated in 2015, the company has 0 employees and reported revenue of NOK 78.9k in its latest annual filing.
Revenue 2020
0.1M NOK
+6% vs 2019
EBITDA margin
−7,930.4 %
+8% vs 2019
Net profit 2020
-7.4M NOK
+7% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
10.3 %
WeakAmong the 30% lowest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 10% lowest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
-358.0 %
Very weakAmong the 10% lowest rated companies in the industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 0.1M NOK | +6% |
| EBITDA | -6.3M NOK | +8% |
| Net profit | -7.4M NOK | +7% |
| Total assets | 2.1M NOK | -78% |
| Equity | 0.2M NOK | -97% |
| Employees | 0 | — |
Company information
Legal name
SPIFF AS
Org number
914939577
Legal form
Aksjeselskap
NACE code
Founded
9 February 2015 · 11 years
Share capital
NOK 473,616
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Daglig leder og ett styremedlem i fellesskap.
Company purpose
Utvikle, drifte og markedsføre en sparings- og investeringstjeneste for privatpersoner og bedrifter, herunder å foreta oppkjøp av tilsvarende virksomheter og gjøre investeringer i finansielle instrumenter.
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Contact
Address
Prinsessealléen 50, 0276 Oslo
Phone
+47 93 22 21 82
Email
hello@getspiff.no
Website
https://www.getspiff.no
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Financial development
In its most recent annual report (2020), Spiff AS reported revenue of NOK 78.9k, an increase of 6% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net loss of NOK 7.4m, and the EBITDA margin stood at -7,930.4%.
At the end of 2020, equity financed 10.3% of the balance sheet, and current assets covered short-term debt 0.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 79 | 75 | 12 | 249 | 170 |
| Staff expenses | -3,110 | -4,513 | -5,149 | -3,573 | -2,300 |
| EBITDA | -6,254 | -6,797 | -7,005 | -5,153 | -3,305 |
| Depreciation & amort. | -1,136 | -1,138 | -890 | -756 | -107 |
| EBIT | -7,389 | -7,936 | -7,895 | -5,909 | -3,412 |
| Net financials | 10 | -1 | 6 | 8 | 5 |
| Profit before tax | -7,379 | -7,936 | -7,889 | -5,901 | -3,407 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -7,379 | -7,936 | -7,889 | -5,901 | -3,407 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 2,061 | 9,486 | 6,908 | 7,528 | 3,554 |
| Equity | 213 | 7,592 | 5,075 | 6,149 | 3,067 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,848 | 1,894 | 1,834 | 1,379 | 487 |
| Total debt | 1,848 | 1,894 | 1,834 | 1,379 | 487 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20162020
Equity ratio
10.3 %
WeakAmong the 30% lowest rated companies in the industry
20162020
Return on equity
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20162020
Net profit margin
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20162020
Asset turnover
0.04×
WeakAmong the 40% lowest rated companies in the industry
20162020
Debt / equity
8.67×
Very weakAmong the 20% lowest rated companies in the industry
20162020
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% 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 equity (ROE)Very weak
Among the 10% 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)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.
Return on net assets (RONA)Very weak
Among the 10% 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)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 ratioVery weak
Among the 20% 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.
Liquidity
Current ratioVery weak
Among the 10% 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 10% 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 30% 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 40% 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 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 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.
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 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 10% 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 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.
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.
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 equityVery weak
Among the 10% lowest 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.
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 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
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
CW Chief Executive Officer | Chief Executive Officer | 2015 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
NR Board of Directors | Board of Directors | 2020 |
KM Chairman | Chairman | 2020 |
RS Board of Directors | Board of Directors | 2020 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 2.27% | 2.27% | 2021 | |
| Company | 14.78% | 14.78% | 2021 | |
| Company | 1.2% | 1.2% | 2021 | |
| Company | 24.7% | 24.7% | 2021 | |
| Company | 1.32% | 1.32% | 2021 | |
| Company | 13.17% | 13.17% | 2021 | |
| Individual | 0% | 0% | 2021 | |
| Company | 10.03% | 10.03% | 2021 | |
| Company | 6.86% | 6.86% | 2021 | |
| Individual | 0.01% | 0.01% | 2021 | |
| Company | 2.02% | 2.02% | 2021 | |
| Company | 1.05% | 1.05% | 2021 | |
| Company | 5.62% | 5.62% | 2021 | |
| Company | 2.38% | 2.38% | 2021 | |
| Company | 1.12% | 1.12% | 2021 |
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Company hierarchy
Wilcat As14.78%Boddco As1.2%Stayer Consult As24.7%Ert As1.32%Socreate As13.17%Gvalueinvest As10.03%Nordkronen Ii As6.86%Krokus Invest As2.02%Spiff As1.05%A.Haavik As2.38%Mal Invest As1.12%
Spiff AS (this company)Board network connections
Board members of Spiff AS also hold positions in 80 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Nicolai Robinot Bodd | Board of Directors | 34 companiesMany roles |
| Rolv-Erik Spilling | Board of Directors | 33 companiesMany roles |
| Knut Michael Asplund | Chairman | 8 companiesMany roles |
| Carl-Nicolai Wessmann | Chief Executive Officer | 5 companies |
Frequently asked questions
What is the Org number of Spiff AS?
Spiff AS is registered with Brønnøysundsregistrene under Org 914939577.
What is the revenue of Spiff AS?
Spiff AS reported revenue of NOK 78.9k in 2020.
Who is the CEO of Spiff AS?
Carl-Nicolai Wessmann is the CEO of Spiff AS.
Who is the chairman of Spiff AS?
Knut Michael Asplund chairs the board of Spiff AS, in role since 2020.
Where is Spiff AS headquartered?
Spiff AS's registered address is Prinsessealléen 50.