Bracon AS

ASDissolved

Org 915860877Tvetenveien 11, 0661 OsloEngineering activities and related technical consultancy· NACE 7112Est. 2015 · 11 years old0 employeeshttps://ullerud.no

Overview

Bracon AS is a Norwegian AS based in Oslo, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2015, the company has 0 employees and reported revenue of NOK 9.5m in its latest annual filing.

Revenue 2021

9.5M NOK

−3% vs 2020

EBITDA margin

10.3 %

+9% vs 2020

Net profit 2021

0.7M NOK

+8% vs 2020

Key ratios

See full ratios →

15.9 %

Weak

Among the 30% lowest rated companies in the industry

20172021

1.2×

Weak

Among the 40% lowest rated companies in the industry

20172021

19.6 %

Strong

Among the 30% highest rated companies in the industry

20172021

EBITDA — year on year

NOK thousands

Key figures

Annual report 2021

Revenue	9.5M NOK	-3%
EBITDA	1M NOK	+9%
Net profit	0.7M NOK	+8%
Total assets	3.7M NOK	+5%
Equity	0.6M NOK	0%
Employees	0	—

Contact

Address

Tvetenveien 11, 0661 Oslo

Phone

+47 92 44 90 30

post@ullerud.no

Website

https://ullerud.no

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Financial development

In its most recent annual report (2021), Bracon AS reported revenue of NOK 9.5m, a decrease of 3% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of NOK 726.1k, and the EBITDA margin stood at 10.3%.

At the end of 2021, equity financed 15.9% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2021	2020	2019	2018	2017
Revenue	9,518	9,835	9,862	9,078	5,391
Staff expenses	-7,404	-7,685	-7,297	-6,796	-4,241
EBITDA	977	894	1,116	1,169	396
Depreciation & amort.	-35	-26	-16	-18	-6
EBIT	942	868	1,099	1,150	390
Net financials	-3	8	-0	0	-0
Profit before tax	939	875	1,099	1,150	390
Tax	213	204	242	266	99
Net profit	726	671	857	884	291

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Balance sheet

NOK thousands

Item	2021	2020	2019	2018	2017
Total assets	3,713	3,535	3,303	3,302	1,486
Equity	592	592	421	164	30
Long-term debt	0	0	0	0	0
Short-term debt	3,121	2,943	2,882	3,138	1,456
Total debt	3,121	2,943	2,882	3,138	1,456

Financial ratios

5-year trend

EBITDA margin

10.3 %

20172021

Equity ratio

15.9 %

Weak

Among the 30% lowest rated companies in the industry

20172021

Return on equity

122.6 %

Very strong

Among the 20% highest rated companies in the industry

20172021

Net profit margin

7.6 %

Average

Around the average of companies in the same industry

20172021

Asset turnover

2.56×

Very strong

Among the 20% highest rated companies in the industry

20172021

Debt / equity

5.27×

Very weak

Among the 20% lowest rated companies in the industry

20172021

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginWeak

Among the 40% 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 marginAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same 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)Strong

Among the 30% highest 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 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 ratioStrong

Among the 40% 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 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 ratioWeak

Among the 40% 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 40% 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 10% 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 capitalStrong

Among the 40% 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 ratioVery strong

Among the 20% 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 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 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 coverageVery strong

Among the 20% highest 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 marginStrong

Among the 30% highest 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 turnoverVery strong

Among the 20% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalStrong

Among the 30% 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 equityAverage

Around the average of companies in the same industry

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

One-year change in debtAverage

Around the average of companies in the same 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 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
RU Rune Ullerud Contact Person	Contact Person	2015
KA Kjell Armand Thune Chief Executive Officer	Chief Executive Officer	2019

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
AS Anthony Stanley Johansen Board of Directors	Board of Directors	2019
RU Rune Ullerud Chairman	Chairman	2019
KA Kjell Armand Thune Board of Directors	Board of Directors	2019

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Kjell Armand Thune	Individual	20%	20%	2020

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Bracon AS also hold positions in 10 other companies.

Person	Role here	Other companies
Rune Ullerud	Contact Person	4 companies
Kjell Armand Thune	Chief Executive Officer	4 companies
Anthony Stanley Johansen	Board of Directors	2 companies

Frequently asked questions

What is the Org number of Bracon AS?

Bracon AS is registered with Brønnøysundsregistrene under Org 915860877.

What is the revenue of Bracon AS?

Bracon AS reported revenue of NOK 9.5m in 2021.

Who is the CEO of Bracon AS?

Kjell Armand Thune is the CEO of Bracon AS, in role since 2019.

Who is the chairman of Bracon AS?

Rune Ullerud chairs the board of Bracon AS, in role since 2019.

Where is Bracon AS headquartered?

Bracon AS's registered address is Tvetenveien 11.