Mingl AS

ASDissolved

Org 916953011Valkyriegata 15A, 0366 OsloProgrammeringstjenester· NACE 62010Est. 2016 · 10 years old0 employees

Overview

Mingl AS is a Norwegian AS based in Oslo, operating in the Programmeringstjenester sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 1.3m in its latest annual filing.

Revenue 2020

1.3M NOK

+13% vs 2019

EBITDA margin

−32.7 %

+82% vs 2019

Net profit 2020

-0.5M NOK

+80% vs 2019

Key ratios

See full ratios →

84.7 %

Strong

Among the 40% highest rated companies in the industry

20162020

3.0×

Strong

Among the 40% highest rated companies in the industry

20162020

-625.1 %

Very weak

Among the 10% lowest rated companies in the industry

20162020

EBITDA — year on year

NOK thousands

Key figures

Annual report 2020

Revenue	1.3M NOK	+13%
EBITDA	-0.4M NOK	+82%
Net profit	-0.5M NOK	+80%
Total assets	0.1M NOK	-91%
Equity	0.1M NOK	-88%
Employees	0	—

Financial development

In its most recent annual report (2020), Mingl AS reported revenue of NOK 1.3m, an increase of 13% 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 482.0k, and the EBITDA margin stood at -32.7%.

At the end of 2020, equity financed 84.7% of the balance sheet, and current assets covered short-term debt 3 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2020	2019	2018	2017	2016
Revenue	1,301	1,151	690	173	57
Staff expenses	-502	-2,128	-783	-20	-374
EBITDA	-426	-2,389	-1,879	-718	-510
Depreciation & amort.	-55	-25	-8	-0	-0
EBIT	-481	-2,414	-1,887	-718	-510
Net financials	-1	-33	-7	0	-7
Profit before tax	-482	-2,447	-1,894	-718	-517
Tax	-0	-0	-0	-0	-0
Net profit	-482	-2,447	-1,894	-718	-517

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	2020	2019	2018	2017	2016
Total assets	77	893	573	344	56
Equity	65	547	276	295	-487
Long-term debt	0	0	0	0	0
Short-term debt	12	346	297	48	543
Total debt	12	346	297	48	543

Financial ratios

5-year trend

EBITDA margin

-32.7 %

20162020

Equity ratio

84.7 %

Strong

Among the 40% highest rated companies in the industry

20162020

Return on equity

-738.3 %

Very weak

Among the 10% lowest rated companies in the industry

20162020

Net profit margin

-37.0 %

Very weak

Among the 20% lowest rated companies in the industry

20162020

Asset turnover

16.87×

Very strong

Among the 10% highest rated companies in the industry

20162020

Debt / equity

0.18×

Strong

Among the 30% highest rated companies in the industry

20162020

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 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 marginVery weak

Among the 20% 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 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 40% highest 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 ratioStrong

Among the 40% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

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 capitalWeak

Among the 40% 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 ratioStrong

Among the 40% 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.

Debt ratioStrong

Among the 30% highest 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 equityStrong

Among the 30% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityStrong

Among the 40% highest 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 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 capitalAverage

Around the average of companies in the same 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 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.

Annual reports & filings

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
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
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 Mingl AS?

Mingl AS is registered with Brønnøysundsregistrene under Org 916953011.

What is the revenue of Mingl AS?

Mingl AS reported revenue of NOK 1.3m in 2020.

Where is Mingl AS headquartered?

Mingl AS's registered address is Valkyriegata 15A.