TEK16 AS
ASDissolvedOrg 917089388Vardheivegen 11, 4340 BryneUtvikling og salg av egen fast eiendom ellers· NACE 41109Est. 2016 · 10 years old0 employees
Loading company…
Overview
TEK16 AS is a Norwegian AS based in Bryne, operating in the Utvikling og salg av egen fast eiendom ellers sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 1.7m in its latest annual filing.
Revenue 2021
1.7M NOK
+248% vs 2020
EBITDA margin
36.6 %
+661% vs 2020
Net profit 2021
0.7M NOK
+779% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
7.1 %
WeakAmong the 30% lowest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
7.1 %
AverageAround the average of companies in the same industry
20172021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 1.7M NOK | +248% |
| EBITDA | 0.6M NOK | +661% |
| Net profit | 0.7M NOK | +779% |
| Total assets | 10.5M NOK | -7% |
| Equity | 0.7M NOK | +54% |
| Employees | 0 | — |
Company information
Legal name
TEK16 AS
Org number
917089388
Legal form
Aksjeselskap
NACE code
Founded
3 March 2016 · 10 years
Share capital
NOK 400,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Eie, investere i og utvikle eiendom samt finansielle investeringer og hva dermed står i forbindelse.
(no translation available)
Address
Vardheivegen 11, 4340 Bryne
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2021), TEK16 AS reported revenue of NOK 1.7m, an increase of 248% 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 744.4k, and the EBITDA margin stood at 36.6%.
At the end of 2021, equity financed 7.1% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 1,739 | 500 | 38 | 132 | 101 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 637 | 84 | -337 | -65 | -319 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 637 | 84 | -337 | -65 | -319 |
| Net financials | -409 | 33 | 13,089 | -5,861 | -4,290 |
| Profit before tax | 227 | 117 | 12,752 | -5,926 | -4,609 |
| Tax | -517 | 32 | -0 | 16 | -0 |
| Net profit | 744 | 85 | 12,752 | -5,942 | -4,609 |
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.
Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 10,535 | 11,312 | 35,983 | 43,563 | 17,593 |
| Equity | 747 | 485 | 5,348 | 5,348 | 9,376 |
| Long-term debt | 3,664 | 32 | 7,075 | 8,936 | 8,184 |
| Short-term debt | 6,124 | 10,795 | 23,561 | 29,278 | 33 |
| Total debt | 9,788 | 10,828 | 30,636 | 38,215 | 8,217 |
Financial ratios
5-year trendEBITDA margin
36.6 %
20172021
Equity ratio
7.1 %
WeakAmong the 30% lowest rated companies in the industry
20172021
Return on equity
99.7 %
Very strongAmong the 10% highest rated companies in the industry
20172021
Net profit margin
42.8 %
Very strongAmong the 10% highest rated companies in the industry
20172021
Asset turnover
0.17×
WeakAmong the 30% lowest rated companies in the industry
20172021
Debt / equity
13.11×
Very weakAmong the 10% lowest rated companies in the industry
20172021
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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)Average
Around the average of companies in the same 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)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 10% 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 ratioVery weak
Among the 10% 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 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 30% 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 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 10% 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 10% 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 debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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 30% lowest 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 40% 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 strong
Among the 20% highest 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 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 |
|---|---|---|
| Current (1) | ||
KP Contact Person | Contact Person | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TL Chairman | Chairman | 2019 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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.
Related companies
Company hierarchy
Tb Industrier As
TEK16 AS Board network connections
Board members of TEK16 AS also hold positions in 84 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ketil Petterson | Contact Person | 60 companiesMany roles |
| Tore Lie | Chairman | 24 companiesMany roles |
Frequently asked questions
What is the Org number of TEK16 AS?
TEK16 AS is registered with Brønnøysundsregistrene under Org 917089388.
What is the revenue of TEK16 AS?
TEK16 AS reported revenue of NOK 1.7m in 2021.
Who is the chairman of TEK16 AS?
Tore Lie chairs the board of TEK16 AS, in role since 2019.
Where is TEK16 AS headquartered?
TEK16 AS's registered address is Vardheivegen 11.