Scandictech AS

ASDissolved

Org 918055568Solbergvegen 5, 4051 SolaWholesale of information and communication equipment· NACE 4650Est. 2016 · 10 years old0 employees

Overview

Scandictech AS is a Norwegian AS based in Sola, operating in the Wholesale of information and communication equipment sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 16.7m in its latest annual filing.

Revenue 2023

16.7M NOK

−4% vs 2022

EBITDA margin

0.9 %

−68% vs 2022

Net profit 2023

0.1M NOK

-77% vs 2022

Key ratios

See full ratios →

0.8 %

Weak

Among the 30% lowest rated companies in the industry

20192023

2.3×

Strong

Among the 40% highest rated companies in the industry

20192023

2.2 %

Average

Around the average of companies in the same industry

20192023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	16.7M NOK	-4%
EBITDA	0.1M NOK	-68%
Net profit	0.1M NOK	-77%
Total assets	3M NOK	-2%
Equity	0M NOK	+163%
Employees	0	—

Financial development

In its most recent annual report (2023), Scandictech AS reported revenue of NOK 16.7m, a decrease of 4% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of NOK 64.7k, and the EBITDA margin stood at 0.9%.

At the end of 2023, equity financed 0.8% of the balance sheet, and current assets covered short-term debt 2.3 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022	2021	2020	2019
Revenue	16,741	17,457	10,127	10,752	3,311
Staff expenses	-335	-238	-152	-0	7
EBITDA	146	461	-392	365	19
Depreciation & amort.	-9	-9	-7	-0	-0
EBIT	138	452	-399	365	19
Net financials	-44	-65	-32	-115	-2
Profit before tax	93	387	-430	250	17
Tax	28	100	-95	55	5
Net profit	65	287	-336	195	12

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	2023	2022	2021	2020	2019
Total assets	2,959	3,028	2,160	1,194	2,234
Equity	25	-40	-326	9	-185
Long-term debt	1,664	1,766	1,133	1,133	1,765
Short-term debt	1,270	1,302	1,354	52	654
Total debt	2,934	3,068	2,486	1,184	2,419

Financial ratios

5-year trend

EBITDA margin

0.9 %

20192023

Equity ratio

0.8 %

Weak

Among the 30% lowest rated companies in the industry

20192023

Return on equity

259.3 %

Very strong

Among the 10% highest rated companies in the industry

20192023

Net profit margin

0.4 %

Weak

Among the 40% lowest rated companies in the industry

20192023

Asset turnover

5.66×

Very strong

Among the 10% highest rated companies in the industry

20192023

Debt / equity

117.58×

Very weak

Among the 10% lowest rated companies in the industry

20192023

Sector performance

27 of 28 ratios graded

28 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 marginWeak

Among the 40% 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 marginWeak

Among the 40% 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 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 ratioStrong

Among the 40% 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 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 ratioAverage

Around the average of companies in the same 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 ratioAverage

Around the average of companies in the same 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 capitalStrong

Among the 30% 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 ratioVery strong

Among the 10% highest 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 40% 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 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.

Inventory turnoverWeak

Among the 30% 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 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 debtStrong

Among the 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

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 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
FB Fredrik Bie Trustee	Trustee	2025

Former (1)


AW Abdul Wahab Mohamed Abdou El Kaffas Contact Person	Contact Person	2016 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
AW Abdul Wahab Mohamed Abdou El Kaffas Chairman	Chairman	2016

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

Board network connections

Board members of Scandictech AS also hold positions in 129 other companies.

Person	Role here	Other companies
Fredrik Bie	Trustee	124 companiesMany roles
Abdul Wahab Mohamed Abdou El Kaffas	Contact Person	5 companies

Frequently asked questions

What is the Org number of Scandictech AS?

Scandictech AS is registered with Brønnøysundsregistrene under Org 918055568.

What is the revenue of Scandictech AS?

Scandictech AS reported revenue of NOK 16.7m in 2023.

Who is the chairman of Scandictech AS?

Abdul Wahab Mohamed Abdou El Kaffas chairs the board of Scandictech AS.

Where is Scandictech AS headquartered?

Scandictech AS's registered address is Solbergvegen 5.