Riddlebit AS
ASBankruptOrg 919933135Munkegata 58, 7011 TrondheimPublishing of video games· NACE 5821Est. 2017 · 8 years old0 employeeshttps://riddlebit.net
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Overview
Riddlebit AS is a Norwegian AS based in Trondheim, operating in the Publishing of video games sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 3.1m in its latest annual filing.
Revenue 2024
3.1M NOK
+4064% vs 2023
EBITDA margin
39.7 %
+180% vs 2023
Net profit 2024
1.2M NOK
+177% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
11.8 %
WeakAmong the 40% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
40.1 %
Very strongAmong the 10% highest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 3.1M NOK | +4064% |
| EBITDA | 1.2M NOK | +180% |
| Net profit | 1.2M NOK | +177% |
| Total assets | 3M NOK | +57% |
| Equity | 0.4M NOK | +142% |
| Employees | 0 | — |
Company information
Legal name
RIDDLEBIT AS
Org number
919933135
Legal form
Aksjeselskap
NACE code
5821 · Publishing of video games
Founded
2 November 2017 · 8 years
Share capital
NOK 52,825
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Programvare.
(no translation available)
Contact
Address
Munkegata 58, 7011 Trondheim
Website
https://riddlebit.net
Recent events
1 entry- Event
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Financial development
In its most recent annual report (2024), Riddlebit AS reported revenue of NOK 3.1m, an increase of 4064% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 1.2m, and the EBITDA margin stood at 39.7%.
At the end of 2024, equity financed 11.8% of the balance sheet, and current assets covered short-term debt 0.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 3,123 | 75 | 443 | 587 | 862 |
| Staff expenses | -1,298 | -1,001 | -2,136 | -538 | -1,057 |
| EBITDA | 1,239 | -1,553 | -2,652 | -150 | -412 |
| Depreciation & amort. | -5 | -5 | -5 | -5 | -1 |
| EBIT | 1,234 | -1,558 | -2,657 | -155 | -413 |
| Net financials | -12 | -30 | -4 | -1 | -1 |
| Profit before tax | 1,223 | -1,588 | -2,661 | -156 | -414 |
| Tax | -0 | -0 | -0 | -1 | -0 |
| Net profit | 1,223 | -1,588 | -2,661 | -155 | -414 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 3,048 | 1,945 | 1,567 | 87 | 85 |
| Equity | 360 | -863 | 725 | -364 | -209 |
| Long-term debt | 1,607 | 1,607 | 107 | 112 | 27 |
| Short-term debt | 1,082 | 1,201 | 735 | 339 | 267 |
| Total debt | 2,688 | 2,808 | 842 | 451 | 294 |
Financial ratios
5-year trendEBITDA margin
39.7 %
20202024
Equity ratio
11.8 %
WeakAmong the 40% lowest rated companies in the industry
20202024
Return on equity
340.0 %
Very strongAmong the 10% highest rated companies in the industry
20202024
Net profit margin
39.1 %
Very strongAmong the 20% highest rated companies in the industry
20202024
Asset turnover
1.02×
AverageAround the average of companies in the same industry
20202024
Debt / equity
7.48×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Sector performance
26 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 20% 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 20% 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 20% 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 20% 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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 ratioWeak
Among the 30% 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 strong
Among the 20% 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 capitalVery weak
Among the 20% 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 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 equityVery weak
Among the 20% 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 20% 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 debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest 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 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.
Equity to contributed capitalStrong
Among the 40% 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.
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.
Annual reports & filings
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KD Trustee | Trustee | 2026 |
Former (1)
LO Contact Person | Contact Person | 2018 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
LO Chairman | Chairman | 2018 |
HH Board of Directors | Board of Directors | 2018 |
JJ Board of Directors | Board of Directors | 2018 |
VF Board of Directors | Board of Directors | 2018 |
OM Board of Directors | Board of Directors | 2018 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 17.32% | 17.32% | 2022 | |
| Individual | 17.32% | 17.32% | 2022 | |
| Individual | 17.32% | 17.32% | 2022 | |
| Company | 7.42% | 7.42% | 2022 | |
| Individual | 17.32% | 17.32% | 2022 | |
| Individual | 2.84% | 2.84% | 2022 | |
| Company | 11.69% | 11.69% | 2022 | |
| Company | 8.76% | 8.76% | 2022 | |
| Individual | 17.32% | 17.32% | 2023 |
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Related companies
Company hierarchy
Kick-Ass As
Riddlebit AS (this company)Board network connections
Board members of Riddlebit AS also hold positions in 164 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Knut Dypvik | Trustee | 130 companiesMany roles |
| Lars Olav Muri | Contact Person | 19 companiesMany roles |
| Jonathan Jørgensen | Board of Directors | 7 companiesMany roles |
| Håvard Humstad Aasmo | Board of Directors | 4 companies |
| Oliver Magnus Bjørnar Nakken | Board of Directors | 4 companies |
Frequently asked questions
What is the Org number of Riddlebit AS?
Riddlebit AS is registered with Brønnøysundsregistrene under Org 919933135.
What is the revenue of Riddlebit AS?
Riddlebit AS reported revenue of NOK 3.1m in 2024.
Who is the chairman of Riddlebit AS?
Lars Olav Muri chairs the board of Riddlebit AS, in role since 2018.
Where is Riddlebit AS headquartered?
Riddlebit AS's registered address is Munkegata 58.