Solund Active AS
ASDissolvedOrg 9163383096924 HardbakkeOther business support service activities n.e.c.· NACE 8299Est. 2015 · 10 years old0 employees
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Overview
Solund Active AS is a Norwegian AS based in Hardbakke, operating in the Other business support service activities n.e.c. sector. Incorporated in 2015, the company has 0 employees and reported revenue of NOK 293.1k in its latest annual filing.
Revenue 2021
293.1K NOK
EBITDA margin
−5.6 %
−71% vs 2020
Net profit 2021
-16.4K NOK
-70% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
100.0 %
Very strongAmong the 10% highest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
0.0×
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
-33.5 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 293.1K NOK | — |
| EBITDA | -16.4K NOK | -71% |
| Net profit | -16.4K NOK | -70% |
| Total assets | 49.1K NOK | -25% |
| Equity | 49.1K NOK | -25% |
| Employees | 0 | — |
Company information
Legal name
SOLUND ACTIVE AS
Org number
916338309
Legal form
Aksjeselskap
NACE code
Founded
18 November 2015 · 10 years
Share capital
NOK 130,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Initiere og investere i prosjekt som gjev auka aktivitet i solund, og det som naturleg høyrer saman med slik verksemd, samt investere i aksjar og andelar i andre selskap som har økonomisk formål.
(no translation available)
Address
6924 Hardbakke
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Financial development
In its most recent annual report (2021), Solund Active AS reported revenue of NOK 293.1k. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net loss of NOK 16.4k, and the EBITDA margin stood at -5.6%.
At the end of 2021, equity financed 100% of the balance sheet.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 293 | 0 | 50 | 30 | 108 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -16 | -10 | -11 | -33 | 3 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -16 | -10 | -11 | -33 | 3 |
| Net financials | 0 | -0 | 0 | 0 | -0 |
| Profit before tax | -16 | -10 | -11 | -33 | 3 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -16 | -10 | -11 | -33 | 3 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 49 | 65 | 148 | 94 | 119 |
| Equity | 49 | 65 | 75 | 86 | 119 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 0 | 0 | 73 | 8 | 0 |
| Total debt | 0 | 0 | 73 | 8 | 0 |
Financial ratios
5-year trendEBITDA margin
-5.6 %
20172021
Equity ratio
100.0 %
Very strongAmong the 10% highest rated companies in the industry
20172021
Return on equity
-33.5 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Net profit margin
-5.6 %
WeakAmong the 30% lowest rated companies in the industry
20172021
Asset turnover
5.98×
Very strongAmong the 10% highest rated companies in the industry
20172021
Debt / equity
0.00×
20172021
Sector performance
16 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% highest 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 30% 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)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.
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)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 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 assets to equityStrong
Among the 30% highest 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 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 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.
Debt & solvency
Solidity ratioVery strong
Among the 10% highest 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.
Liabilities to equityVery strong
Among the 10% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Debt ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
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.
Income to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 30% 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 equityWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
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 debtNot 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 debt.
Annual reports & filings
- 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
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (1)
TE Chief Executive Officer | Chief Executive Officer | 2015 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TE Chairman | Chairman | 2018 |
Former (9)
RE Board of Directors | Board of Directors | 2018 – 2022 |
BM Board of Directors | Board of Directors | 2018 – 2022 |
KM Board of Directors | Board of Directors | 2018 – 2022 |
TF Board of Directors | Board of Directors | 2018 – 2022 |
IM Board of Directors | Board of Directors | 2018 – 2022 |
TE Board of Directors | Board of Directors | 2018 – 2022 |
SE Board of Directors | Board of Directors | 2018 – 2022 |
ME Board of Directors | Board of Directors | 2018 – 2022 |
VH Board of Directors | Board of Directors | 2018 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 | |
| Company | 10% | 10% | 2020 |
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Related companies
Company hierarchy
Solund Kreativ As
Solund Active AS (this company)Board network connections
Board members of Solund Active AS also hold positions in 69 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tom Færøy | Board of Directors | 14 companiesMany roles |
| Vidar Hop | Board of Directors | 10 companiesMany roles |
| Rolf Eide | Board of Directors | 8 companiesMany roles |
| Magnar Egil Lending | Board of Directors | 8 companiesMany roles |
| Tom Erling Bahus | Chief Executive Officer | 6 companiesMany roles |
| Kjell Mongstad | Board of Directors | 6 companiesMany roles |
| Siv Einen Paulsen | Board of Directors | 6 companiesMany roles |
| Bjørn Magne Hansen | Board of Directors | 5 companies |
| Tone Elise Brenna | Board of Directors | 4 companies |
| Ida Marie Bahus | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Solund Active AS?
Solund Active AS is registered with Brønnøysundsregistrene under Org 916338309.
What is the revenue of Solund Active AS?
Solund Active AS reported revenue of NOK 293.1k in 2021.
Who is the chairman of Solund Active AS?
Tom Erling Bahus chairs the board of Solund Active AS, in role since 2018.