Parcon Viii AS
ASDissolvedOrg 917949921Dronning Mauds Gate 3, 0250 OsloRental and leasing of water transport equipment· NACE 7734Est. 2016 · 9 years old0 employees
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Overview
Parcon Viii AS is a Norwegian AS based in Oslo, operating in the Rental and leasing of water transport equipment sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 159.1m in its latest annual filing.
Revenue 2021
159.1M NOK
EBITDA margin
86.7 %
+2453224% vs 2020
Net profit 2021
128.4M NOK
+2288736% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
55.2 %
StrongAmong the 40% highest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
3.4×
StrongAmong the 30% highest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
78.4 %
Very strongAmong the 10% highest rated companies in the industry
20172021
EBITDA — year on year
NOK millionsKey figures
Annual report 2021| Revenue | 159.1M NOK | — |
| EBITDA | 138M NOK | +2453224% |
| Net profit | 128.4M NOK | +2288736% |
| Total assets | 163.9M NOK | +3985461% |
| Equity | 90.4M NOK | +2198008% |
| Employees | 0 | — |
Company information
Legal name
PARCON VIII AS
Org number
917949921
Legal form
Aksjeselskap
NACE code
Founded
27 September 2016 · 9 years
Share capital
NOK 30,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg. Styrets leder alene.
Company purpose
Eie shipping- /offshore- og andre fartøy, andre realaktiva, samt å investere i andre selskap, og alt som dermed står i forbindelse, herunder utleie av skip på time charter- og bareboatvilkår. Selskapet skal som skipseiende aktør opptre langsiktig og drive aktiv skipsfart med fokus på optimal drift, samt grundig og løpende vedlikehold av sine skip.
(no translation available)
Address
Dronning Mauds Gate 3, 0250 Oslo
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Financial development
In its most recent annual report (2021), Parcon Viii AS reported revenue of NOK 159.1m. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of NOK 128.4m, and the EBITDA margin stood at 86.7%.
At the end of 2021, equity financed 55.2% of the balance sheet, and current assets covered short-term debt 3.4 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 159,108 | 0 | 0 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 137,988 | -6 | -5 | -5 | -4 |
| Depreciation & amort. | -4,702 | -0 | -0 | -0 | -0 |
| EBIT | 133,286 | -6 | -5 | -5 | -4 |
| Net financials | -4,733 | 0 | 0 | 0 | 0 |
| Profit before tax | 128,553 | -6 | -5 | -5 | -4 |
| Tax | 115 | -0 | -0 | 2 | -1 |
| Net profit | 128,438 | -6 | -5 | -7 | -3 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 163,926 | 4 | 10 | 15 | 22 |
| Equity | 90,408 | 4 | 10 | 15 | 22 |
| Long-term debt | 54,239 | 0 | 0 | 0 | 0 |
| Short-term debt | 19,279 | 0 | 0 | 0 | 0 |
| Total debt | 73,518 | 0 | 0 | 0 | 0 |
Financial ratios
5-year trendEBITDA margin
86.7 %
20172021
Equity ratio
55.2 %
StrongAmong the 40% highest rated companies in the industry
20172021
Return on equity
142.1 %
Very strongAmong the 10% highest rated companies in the industry
20172021
Net profit margin
80.7 %
Very strongAmong the 10% highest rated companies in the industry
20172021
Asset turnover
0.97×
AverageAround the average of companies in the same industry
20172021
Debt / equity
0.81×
AverageAround the average of companies in the same 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 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 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 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 ratioStrong
Among the 30% 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 30% 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 ratioVery strong
Among the 20% 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 capitalAverage
Around the average of companies in the same 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 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 40% 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 equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same 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 40% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 10% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery weak
Among the 20% lowest 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 capitalVery strong
Among the 10% 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 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 |
|---|---|---|
| Current (1) | ||
KW Contact Person | Contact Person | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
NR Chairman | Chairman | 2021 |
HR Board of Directors | Board of Directors | 2021 |
PG Board of Directors | Board of Directors | 2021 |
Former (3)
KW Chairman | Chairman | 2018 – 2021 |
HN Board of Directors | Board of Directors | 2018 – 2018 |
MG Board of Directors | Board of Directors | 2018 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 1.5% | 1.5% | 2021 | |
| Company | 10% | 10% | 2021 | |
| Company | 1.5% | 1.5% | 2021 | |
Holyoak Investments Inc | Company | 2% | 2% | 2021 |
Oslo Venture Pte Ltd | Company | 25% | 25% | 2021 |
| Company | 1.5% | 1.5% | 2021 | |
Al Maritime Holding Pte Ltd | Company | 25.1% | 25.1% | 2021 |
| Company | 4% | 4% | 2021 | |
| Company | 2% | 2% | 2021 | |
| Company | 5% | 5% | 2021 | |
| Company | 4% | 4% | 2021 | |
| Company | 3% | 3% | 2021 | |
| Company | 100% | 100% | 2020 | |
| Company | 1.5% | 1.5% | 2021 | |
| Company | 1.5% | 1.5% | 2021 | |
| Company | 1.08% | 1.08% | 2021 |
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Company hierarchy
Orinoco As1.5%Haspro As10%Holyoak Investments Inc2%Oslo Venture Pte Ltd25%Esmar As1.5%Al Maritime Holding Pte Ltd25.1%Lapas As4%Kingfisher As1.5%Harto Invest As1.5%
Parcon Viii AS (this company)Board network connections
Board members of Parcon Viii AS also hold positions in 152 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Knut Werner Larsen | Contact Person | 60 companiesMany roles |
| Marius Gjone Hannestad | Board of Directors | 27 companiesMany roles |
| Halle Ragnar Sivertsen | Board of Directors | 24 companiesMany roles |
| Panagiotis Gatsos | Board of Directors | 20 companiesMany roles |
| Håkon Nordskog Jacobsen | Board of Directors | 18 companiesMany roles |
| Nicolaus Robert Bunnemann | Chairman | 3 companies |
Frequently asked questions
What is the Org number of Parcon Viii AS?
Parcon Viii AS is registered with Brønnøysundsregistrene under Org 917949921.
What is the revenue of Parcon Viii AS?
Parcon Viii AS reported revenue of NOK 159.1m in 2021.
Who is the chairman of Parcon Viii AS?
Nicolaus Robert Bunnemann chairs the board of Parcon Viii AS, in role since 2021.
Where is Parcon Viii AS headquartered?
Parcon Viii AS's registered address is Dronning Mauds Gate 3.