Acerdo AS
ASDissolvedOrg 918756302Finnestadsvingen 24, 4029 StavangerEngineering activities and related technical consultancy· NACE 7112Est. 2017 · 9 years old0 employees
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Overview
Acerdo AS is a Norwegian AS based in Stavanger, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 685.2k in its latest annual filing.
Revenue 2022
0.7M NOK
−80% vs 2021
EBITDA margin
−204.3 %
−113% vs 2021
Net profit 2022
20.7M NOK
+2539% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
4.7 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
15.6 %
StrongAmong the 40% highest rated companies in the industry
20182022
EBITDA — year on year
NOK millionsKey figures
Annual report 2022| Revenue | 0.7M NOK | -80% |
| EBITDA | -1.4M NOK | -113% |
| Net profit | 20.7M NOK | +2539% |
| Total assets | 132.9M NOK | +13% |
| Equity | 6.2M NOK | +140% |
| Employees | 0 | — |
Company information
Legal name
ACERDO AS
Org number
918756302
Legal form
Aksjeselskap
NACE code
Founded
6 February 2017 · 9 years
Share capital
NOK 40,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Industri, produksjon, vedlikehold og service. Investeringer i aksjer og andeler i andre selskaper.
(no translation available)
Address
Finnestadsvingen 24, 4029 Stavanger
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Financial development
In its most recent annual report (2022), Acerdo AS reported revenue of NOK 685.2k, a decrease of 80% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net profit of NOK 20.7m, and the EBITDA margin stood at -204.3%.
At the end of 2022, equity financed 4.7% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK thousandsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 685 | 3,481 | 0 | 152 | 452 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -1,400 | -656 | -3,381 | -12,007 | -1,047 |
| Depreciation & amort. | -2,253 | -2,575 | -0 | -0 | -0 |
| EBIT | -3,652 | -3,231 | -3,381 | -12,007 | -1,047 |
| Net financials | 30,646 | 4,675 | -2,462 | -4,353 | -2,086 |
| Profit before tax | 26,994 | 1,444 | -5,843 | -16,360 | -3,133 |
| Tax | 6,245 | 657 | 2,752 | -520 | -687 |
| Net profit | 20,749 | 786 | -8,595 | -15,839 | -2,446 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 132,871 | 117,545 | 125,549 | 117,448 | 41,970 |
| Equity | 6,219 | -15,649 | -19,714 | -13,770 | 733 |
| Long-term debt | 32,194 | 44,538 | 56,452 | 44,813 | 40,127 |
| Short-term debt | 94,458 | 88,656 | 88,811 | 86,405 | 1,110 |
| Total debt | 126,652 | 133,194 | 145,263 | 131,218 | 41,237 |
Financial ratios
5-year trendEBITDA margin
-204.3 %
20182022
Equity ratio
4.7 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
Return on equity
333.6 %
Very strongAmong the 10% highest rated companies in the industry
20182022
Net profit margin
>999 %
Very strongAmong the 10% highest rated companies in the industry
20182022
Asset turnover
0.01×
WeakAmong the 40% lowest rated companies in the industry
20182022
Debt / equity
20.36×
Very weakAmong the 10% lowest rated companies in the industry
20182022
Sector performance
27 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 10% 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 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)Strong
Among the 40% 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)Weak
Among the 40% 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 10% 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 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 20% 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 ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 coverageWeak
Among the 40% lowest rated companies in the 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 marginStrong
Among the 40% 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 turnoverWeak
Among the 40% 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 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 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 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
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JK Chief Executive Officer | Chief Executive Officer | 2023 |
Former (1)
BA Chief Executive Officer | Chief Executive Officer | 2017 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
ES Board of Directors | Board of Directors | 2021 |
JA Chairman | Chairman | 2021 |
JK Board of Directors | Board of Directors | 2021 |
Former (1)
BA Board of Directors | Board of Directors | 2021 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 91% | 91% | 2020 | |
| Company | 9% | 9% | 2020 |
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Company hierarchy
Sub Sea Services Group As
Acerdo AS Board network connections
Board members of Acerdo AS also hold positions in 99 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jan Arild Wathne | Chairman | 34 companiesMany roles |
| Even Skov Bakkemyr | Board of Directors | 31 companiesMany roles |
| Jostein Kvamme | Chief Executive Officer | 24 companiesMany roles |
| Bernt Arne Breistein | Chief Executive Officer | 10 companiesMany roles |
Frequently asked questions
What is the Org number of Acerdo AS?
Acerdo AS is registered with Brønnøysundsregistrene under Org 918756302.
What is the revenue of Acerdo AS?
Acerdo AS reported revenue of NOK 685.2k in 2022.
Who is the CEO of Acerdo AS?
Jostein Kvamme is the CEO of Acerdo AS, in role since 2023.
Who is the chairman of Acerdo AS?
Jan Arild Wathne chairs the board of Acerdo AS, in role since 2021.
Where is Acerdo AS headquartered?
Acerdo AS's registered address is Finnestadsvingen 24.