Solid Boliger AS
ASDissolvedOrg 917625220Myrbostadvegen 72, 6440 ElnesvågenUtvikling og salg av egen fast eiendom ellers· NACE 41109Est. 2016 · 10 years old1-4 employeeshttps://www.solid.no
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Overview
Solid Boliger AS is a Norwegian AS based in Elnesvågen, operating in the Utvikling og salg av egen fast eiendom ellers sector. Incorporated in 2016, the company reported revenue of NOK 12.8m in its latest annual filing.
Revenue 2023
12.8M NOK
−61% vs 2022
EBITDA margin
−19.1 %
−23% vs 2022
Net profit 2023
-2.2M NOK
-41% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
20.8 %
WeakAmong the 40% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
3.2×
Very strongAmong the 20% highest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-4.3 %
WeakAmong the 30% lowest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 12.8M NOK | -61% |
| EBITDA | -2.4M NOK | -23% |
| Net profit | -2.2M NOK | -41% |
| Total assets | 51.3M NOK | +68% |
| Equity | 10.7M NOK | +468% |
| Employees | — | — |
Company information
Legal name
SOLID BOLIGER AS
Org number
917625220
Legal form
Aksjeselskap
NACE code
Founded
11 August 2016 · 10 years
Share capital
NOK 300,000
Employees
1-4
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Oppføring og salg av fast eiendom samt det som naturlig står i forbindelse med dette.
(no translation available)
Contact
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Financial development
In its most recent annual report (2023), Solid Boliger AS reported revenue of NOK 12.8m, a decrease of 61% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of NOK 2.2m, and the EBITDA margin stood at -19.1%.
At the end of 2023, equity financed 20.8% of the balance sheet, and current assets covered short-term debt 3.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 12,814 | 32,823 | 58,800 | 18,460 | 36,758 |
| Staff expenses | -2,150 | -1,771 | -1,342 | -1,270 | -871 |
| EBITDA | -2,446 | -1,994 | 150 | 1,698 | -283 |
| Depreciation & amort. | -16 | -8 | -0 | -0 | -0 |
| EBIT | -2,462 | -2,001 | 150 | 1,698 | -283 |
| Net financials | -364 | 1 | -0 | -1 | 1 |
| Profit before tax | -2,826 | -2,000 | 150 | 1,697 | -282 |
| Tax | -622 | -440 | 33 | 374 | -61 |
| Net profit | -2,204 | -1,560 | 117 | 1,323 | -221 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 51,316 | 30,546 | 48,443 | 33,256 | 37,196 |
| Equity | 10,674 | 1,878 | 3,438 | 3,322 | 40 |
| Long-term debt | 24,675 | 16,458 | 20,574 | 24,027 | 28,989 |
| Short-term debt | 15,967 | 12,209 | 24,430 | 5,907 | 8,166 |
| Total debt | 40,642 | 28,668 | 45,005 | 29,934 | 37,155 |
Financial ratios
5-year trendEBITDA margin
-19.1 %
20192023
Equity ratio
20.8 %
WeakAmong the 40% lowest rated companies in the industry
20192023
Return on equity
-20.6 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Net profit margin
-17.2 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Asset turnover
0.25×
WeakAmong the 30% lowest rated companies in the industry
20192023
Debt / equity
3.81×
WeakAmong the 30% lowest rated companies in the industry
20192023
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 weak
Among the 20% 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 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)Weak
Among the 30% 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)Weak
Among the 30% 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 ratioVery weak
Among the 20% lowest 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 ratioVery strong
Among the 20% 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 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 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 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 strong
Among the 20% 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 ratioAverage
Around the average of companies in the same 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 equityWeak
Among the 30% 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 equityWeak
Among the 30% 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 debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% 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 marginWeak
Among the 30% 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 turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 10% highest rated companies in the industry
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.
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 equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
GI Deputy Member | Deputy Member | 2020 |
SM Deputy Member | Deputy Member | 2020 |
SD Deputy Member | Deputy Member | 2020 |
SR Chief Executive Officer | Chief Executive Officer | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
JH Chairman | Chairman | 2020 |
TM Board of Directors | Board of Directors | 2020 |
SR Board of Directors | Board of Directors | 2020 |
KI Board of Directors | Board of Directors | 2020 |
OK Deputy Chairman | Deputy Chairman | 2020 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2021 | |
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Solid Boliger As
Solid Boliger AS Board network connections
Board members of Solid Boliger AS also hold positions in 147 other companies.
| Person | Role here | Other companies |
|---|---|---|
| John Helge Lunde | Chairman | 43 companiesMany roles |
| Kjell Inge Dale | Board of Directors | 30 companiesMany roles |
| Tore Malo Ødegård | Board of Directors | 22 companiesMany roles |
| Geir Inge Havnes | Deputy Member | 14 companiesMany roles |
| Solfrid Malo | Deputy Member | 13 companiesMany roles |
| Oddgeir Kato Dale | Deputy Chairman | 12 companiesMany roles |
| Sigbjørn Dale | Deputy Member | 9 companiesMany roles |
| Svein Ronny Morewood | Chief Executive Officer | 4 companies |
Frequently asked questions
What is the Org number of Solid Boliger AS?
Solid Boliger AS is registered with Brønnøysundsregistrene under Org 917625220.
What is the revenue of Solid Boliger AS?
Solid Boliger AS reported revenue of NOK 12.8m in 2023.
Who is the CEO of Solid Boliger AS?
Svein Ronny Morewood is the CEO of Solid Boliger AS.
Who is the chairman of Solid Boliger AS?
John Helge Lunde chairs the board of Solid Boliger AS, in role since 2020.
Where is Solid Boliger AS headquartered?
Solid Boliger AS's registered address is Myrbostadvegen 72.