Flo Technologies AS

ASDissolved

Org 919155779Att. Tom Rune Flo Møllendalsveien 68C, 5009 BergenComputer consultancy and computer facilities management activities· NACE 6220Est. 2017 · 9 years old0 employees

Overview

Flo Technologies AS is a Norwegian AS based in Bergen, operating in the Computer consultancy and computer facilities management activities sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 35.6k in its latest annual filing.

Revenue 2023

35.6K NOK

EBITDA margin

100.0 %

+734% vs 2020

Net profit 2023

27.8K NOK

-77% vs 2020

Key ratios

See full ratios →

86.9 %

Strong

Among the 30% highest rated companies in the industry

20172023

7.7×

Very strong

Among the 20% highest rated companies in the industry

20172023

46.3 %

Very strong

Among the 10% highest rated companies in the industry

20172023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	35.6K NOK	—
EBITDA	35.6K NOK	+734%
Net profit	27.8K NOK	-77%
Total assets	60.1K NOK	-64%
Equity	52.2K NOK	+172%
Employees	0	—

Financial development

In its most recent annual report (2023), Flo Technologies AS reported revenue of NOK 35.6k. The figures on this page draw on 5 annual filings covering 2017 to 2023. The bottom line showed a net profit of NOK 27.8k, and the EBITDA margin stood at 100%.

At the end of 2023, equity financed 86.9% of the balance sheet, and current assets covered short-term debt 7.7 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2020	2019	2018	2017
Revenue	36	0	0	0	0
Staff expenses	-0	-0	-0	-0	-0
EBITDA	36	-6	-4	-7	-0
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	36	-6	-4	-7	-0
Net financials	0	126	-200	0	0
Profit before tax	36	120	-204	-7	0
Tax	8	-0	-0	-0	-0
Net profit	28	120	-204	-7	0

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	2020	2019	2018	2017
Total assets	60	165	20	219	219
Equity	52	-72	-192	12	19
Long-term debt	0	0	0	0	0
Short-term debt	8	237	212	207	200
Total debt	8	237	212	207	200

Financial ratios

5-year trend

EBITDA margin

100.0 %

20172023

Equity ratio

86.9 %

Strong

Among the 30% highest rated companies in the industry

20172023

Return on equity

53.2 %

Strong

Among the 30% highest rated companies in the industry

20172023

Net profit margin

78.0 %

Very strong

Among the 10% highest rated companies in the industry

20172023

Asset turnover

0.59×

Average

Around the average of companies in the same industry

20172023

Debt / equity

0.15×

Strong

Among the 30% highest rated companies in the industry

20172023

Sector performance

23 of 28 ratios graded

28 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)Strong

Among the 30% 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)Strong

Among the 30% 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 ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 ratioVery strong

Among the 20% 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 ratioStrong

Among the 30% 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 equityAverage

Around the average of companies in the same 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 10% 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 ratioStrong

Among the 30% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioStrong

Among the 30% 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 ratioVery strong

Among the 20% 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 equityStrong

Among the 30% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityStrong

Among the 40% highest rated companies in the 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 rate on debtVery strong

Among the 10% highest 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The ability to pay the interest on the company's debt out of its earnings.

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.

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

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.

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.

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 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
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
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-03-30 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
PC Per Chr. Eriksen Trustee	Trustee	2026

Former (1)


TR Tom Rune Flo Contact Person	Contact Person	2017 – 2026

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
TR Tom Rune Flo Chairman	Chairman	2017

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 Flo Technologies AS also hold positions in 158 other companies.

Person	Role here	Other companies
Per Chr. Eriksen	Trustee	157 companiesMany roles
Tom Rune Flo	Contact Person	1 company

Frequently asked questions

What is the Org number of Flo Technologies AS?

Flo Technologies AS is registered with Brønnøysundsregistrene under Org 919155779.

What is the revenue of Flo Technologies AS?

Flo Technologies AS reported revenue of NOK 35.6k in 2023.

Who is the chairman of Flo Technologies AS?

Tom Rune Flo chairs the board of Flo Technologies AS.

Where is Flo Technologies AS headquartered?

Flo Technologies AS's registered address is Att. Tom Rune Flo Møllendalsveien 68C.