Localefood AS
ASDissolvedOrg 920033784Gjølmeslivegen 21, 7300 OrkangerPostordre-/Internetthandel med annet spesialisert vareutvalg· NACE 47919Est. 2017 · 8 years old0 employeeshttps://www.localefood.no
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Overview
Localefood AS is a Norwegian AS based in Orkanger, operating in the Postordre-/Internetthandel med annet spesialisert vareutvalg sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 218.5k in its latest annual filing.
Revenue 2019
218.5K NOK
−30% vs 2018
EBITDA margin
19.0 %
+201% vs 2018
Net profit 2019
41K NOK
+200% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
53.9 %
StrongAmong the 40% highest rated companies in the industry
20182019
Liquidity ratioCurrent assets ÷ Short-term debt
2.2×
StrongAmong the 40% highest rated companies in the industry
20182019
Return on assets (ROA)Net profit ÷ Total assets × 100
90.3 %
Very strongAmong the 10% highest rated companies in the industry
20182019
EBITDA — year on year
NOK thousandsKey figures
Annual report 2019| Revenue | 218.5K NOK | -30% |
| EBITDA | 41.5K NOK | +201% |
| Net profit | 41K NOK | +200% |
| Total assets | 45.4K NOK | +12% |
| Equity | 24.5K NOK | +248% |
| Employees | 0 | — |
Company information
Legal name
LOCALEFOOD AS
Org number
920033784
Legal form
Aksjeselskap
NACE code
Founded
16 November 2017 · 8 years
Share capital
NOK 32,299
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2019-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Formidling av lokalmat fra norske bønder til forbrukere via nettbutikk.
(no translation available)
Contact
Address
Gjølmeslivegen 21, 7300 Orkanger
Website
https://www.localefood.no
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Financial development
In its most recent annual report (2019), Localefood AS reported revenue of NOK 218.5k, a decrease of 30% on the year before. The figures on this page draw on 2 annual filings covering 2018 to 2019. The bottom line showed a net profit of NOK 41.0k, and the EBITDA margin stood at 19%.
At the end of 2019, equity financed 53.9% of the balance sheet, and current assets covered short-term debt 2.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2019 | 2018 |
|---|---|---|
| Revenue | 218 | 313 |
| Staff expenses | -0 | -0 |
| EBITDA | 41 | -41 |
| Depreciation & amort. | -0 | -0 |
| EBIT | 41 | -41 |
| Net financials | 0 | 0 |
| Profit before tax | 41 | -41 |
| Tax | 0 | -0 |
| Net profit | 41 | -41 |
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Balance sheet
NOK thousands| Item | 2019 | 2018 |
|---|---|---|
| Total assets | 45 | 40 |
| Equity | 25 | -17 |
| Long-term debt | 0 | 0 |
| Short-term debt | 21 | 57 |
| Total debt | 21 | 57 |
Financial ratios
5-year trendEBITDA margin
19.0 %
20182019
Equity ratio
53.9 %
StrongAmong the 40% highest rated companies in the industry
20182019
Return on equity
167.5 %
Very strongAmong the 10% highest rated companies in the industry
20182019
Net profit margin
18.8 %
Very strongAmong the 20% highest rated companies in the industry
20182019
Asset turnover
4.81×
Very strongAmong the 20% highest rated companies in the industry
20182019
Debt / equity
0.85×
AverageAround the average of companies in the same industry
20182019
Sector performance
26 of 28 ratios graded28 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 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 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 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 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 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 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 coverageVery strong
Among the 10% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% 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.
Efficiency & development
Asset turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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 debtVery strong
Among the 10% 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
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LF Board of Directors | Board of Directors | 2020 |
AM Deputy Chairman | Deputy Chairman | 2020 |
WF Chairman | Chairman | 2020 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 24.15% | 24.15% | 2020 | |
| Company | 1.86% | 1.86% | 2020 | |
| Company | 68.73% | 68.73% | 2020 |
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Related companies
Company hierarchy
Horizont As
Localefood AS Board network connections
Board members of Localefood AS also hold positions in 6 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Wenche Fremo | Chairman | 4 companies |
| Linn Fremo | Board of Directors | 1 company |
| Ahtesham Maqsood Choudary Virk | Deputy Chairman | 1 company |
Frequently asked questions
What is the Org number of Localefood AS?
Localefood AS is registered with Brønnøysundsregistrene under Org 920033784.
What is the revenue of Localefood AS?
Localefood AS reported revenue of NOK 218.5k in 2019.
Who is the chairman of Localefood AS?
Wenche Fremo chairs the board of Localefood AS, in role since 2020.
Where is Localefood AS headquartered?
Localefood AS's registered address is Gjølmeslivegen 21.