Weevil AS

ASDissolved

Org 916501757Johan Berentsens Vei 109, 5163 LaksevågIndustridesign, produktdesign og annen teknisk designvirksomhet· NACE 74101Est. 2015 · 10 years old0 employeeshttps://www.weevil.no

Overview

Weevil AS is a Norwegian AS based in Laksevåg, operating in the Industridesign, produktdesign og annen teknisk designvirksomhet sector. Incorporated in 2015, the company has 0 employees and reported revenue of NOK 1.0m in its latest annual filing.

Revenue 2022

1M NOK

+3863% vs 2021

EBITDA margin

146.7 %

+1675% vs 2021

Net profit 2022

1.5M NOK

+1218% vs 2021

Key ratios

See full ratios →

22.8 %

Weak

Among the 40% lowest rated companies in the industry

20182022

1.0×

Weak

Among the 30% lowest rated companies in the industry

20182022

666.0 %

Very strong

Among the 10% highest rated companies in the industry

20182022

EBITDA — year on year

NOK thousands

Key figures

Annual report 2022

Revenue	1M NOK	+3863%
EBITDA	1.5M NOK	+1675%
Net profit	1.5M NOK	+1218%
Total assets	0.2M NOK	-12%
Equity	0.1M NOK	+104%
Employees	0	—

Contact

Address

Johan Berentsens Vei 109, 5163 Laksevåg

Website

https://www.weevil.no

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

Financial development

In its most recent annual report (2022), Weevil AS reported revenue of NOK 1.0m, an increase of 3863% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net profit of NOK 1.5m, and the EBITDA margin stood at 146.7%.

At the end of 2022, equity financed 22.8% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2022	2021	2020	2019	2018
Revenue	1,001	25	202	488	973
Staff expenses	1,524	-0	-0	-1,531	-90
EBITDA	1,469	-93	63	-1,632	-120
Depreciation & amort.	-68	-39	-29	-6	-6
EBIT	1,401	-133	34	-1,638	-126
Net financials	91	-1	-33	-5	-24
Profit before tax	1,492	-133	2	-1,643	-151
Tax	-0	-0	-0	-361	-33
Net profit	1,492	-133	2	-1,282	-118

Get a credit rating – not just the numbers

Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.

See the credit rating

Balance sheet

NOK thousands

Item	2022	2021	2020	2019	2018
Total assets	224	255	332	1,445	1,283
Equity	51	-1,441	-1,518	-1,126	156
Long-term debt	0	1,605	1,259	210	210
Short-term debt	173	90	591	2,361	917
Total debt	173	1,695	1,849	2,572	1,127

Financial ratios

5-year trend

EBITDA margin

146.7 %

20182022

Equity ratio

22.8 %

Weak

Among the 40% lowest rated companies in the industry

20182022

Return on equity

>999 %

Very strong

Among the 10% highest rated companies in the industry

20182022

Net profit margin

149.1 %

Very strong

Among the 10% highest rated companies in the industry

20182022

Asset turnover

4.47×

Very strong

Among the 10% highest rated companies in the industry

20182022

Debt / equity

3.38×

Very weak

Among the 20% lowest rated companies in the industry

20182022

Sector performance

25 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 marginVery strong

Among the 10% highest 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 strong

Among the 10% highest 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 strong

Among the 10% 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)Very strong

Among the 10% 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 10% 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)Very strong

Among the 10% 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 ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 30% 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 30% 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 equityVery weak

Among the 20% 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 20% 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 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 debtVery strong

Among the 10% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 30% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% lowest rated companies in the industry

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

Interest marginVery strong

Among the 10% 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 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 debtVery strong

Among the 10% 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 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
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

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.

One in three Danish companies experiences fraud

Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.

See the fraud module

Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Weevil AS?

Weevil AS is registered with Brønnøysundsregistrene under Org 916501757.

What is the revenue of Weevil AS?

Weevil AS reported revenue of NOK 1.0m in 2022.

Where is Weevil AS headquartered?

Weevil AS's registered address is Johan Berentsens Vei 109.