Ideform AS

ASDissolved

Org 920211682Torheimsvegen 1857, 6774 NordfjordeidEngineering activities and related technical consultancy· NACE 7112Est. 2017 · 8 years old0 employees

Overview

Ideform AS is a Norwegian AS based in Nordfjordeid, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 96.1k in its latest annual filing.

Revenue 2020

96.1K NOK

+89% vs 2019

EBITDA margin

37.2 %

+118% vs 2019

Net profit 2020

-11.3K NOK

+95% vs 2019

Key ratios

See full ratios →

-175.6 %

Very weak

Among the 10% lowest rated companies in the industry

20172020

0.3×

Very weak

Among the 20% lowest rated companies in the industry

20172020

-6.6 %

Weak

Among the 30% lowest rated companies in the industry

20172020

EBITDA — year on year

NOK thousands

Key figures

Annual report 2020

Revenue	96.1K NOK	+89%
EBITDA	35.8K NOK	+118%
Net profit	-11.3K NOK	+95%
Total assets	171.7K NOK	-64%
Equity	-301.6K NOK	-4%
Employees	0	—

Financial development

In its most recent annual report (2020), Ideform AS reported revenue of NOK 96.1k, an increase of 89% on the year before. The figures on this page draw on 4 annual filings covering 2017 to 2020. The bottom line showed a net loss of NOK 11.3k, and the EBITDA margin stood at 37.2%.

At the end of 2020, current assets covered short-term debt 0.3 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2020	2019	2018	2017
Revenue	96	51	147	0
Staff expenses	-6	-13	-1	-0
EBITDA	36	-195	-26	-2
Depreciation & amort.	-38	-91	-61	-0
EBIT	-2	-286	-86	-2
Net financials	-12	-17	-12	0
Profit before tax	-14	-303	-98	-2
Tax	-3	-66	-22	-0
Net profit	-11	-237	-77	-1

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Balance sheet

NOK thousands

Item	2020	2019	2018	2017
Total assets	172	484	491	30
Equity	-302	-290	-54	29
Long-term debt	184	288	356	0
Short-term debt	290	486	189	2
Total debt	473	774	544	2

Financial ratios

5-year trend

EBITDA margin

37.2 %

20172020

Equity ratio

-175.6 %

Very weak

Among the 10% lowest rated companies in the industry

20172020

Return on equity

—

20172020

Net profit margin

-11.7 %

Very weak

Among the 20% lowest rated companies in the industry

20172020

Asset turnover

0.56×

Average

Around the average of companies in the same industry

20172020

Debt / equity

—

20172020

Sector performance

20 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginWeak

Among the 30% 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 30% 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 weak

Among the 20% 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 assets (ROA)Weak

Among the 30% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

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 ratioAverage

Around the average of companies in the same 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.

Return on equity (ROE)Not rated

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

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on net assets (RONA)Not rated

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

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

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 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.

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.

Current assets to equityNot rated

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

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 capitalNot rated

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

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.

Debt & solvency

Solidity ratioVery weak

Among the 10% 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 ratioVery weak

Among the 10% 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.

Income to debtWeak

Among the 40% lowest rated companies in the 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 marginWeak

Among the 40% lowest 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.

Debt to equityNot rated

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

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

Liabilities to equityNot rated

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

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

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 capitalVery weak

Among the 10% 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 20% 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 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 2017-11-01 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


JE Jan Eivind Gjendem Deputy Member	Deputy Member	2018 – 2021

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
OJ Ole Johan Egset Board of Directors	Board of Directors	2018

Former (1)


ME Magnus Egset Chairman	Chairman	2018 – 2021

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Ideform AS also hold positions in 20 other companies.

Person	Role here	Other companies
Jan Eivind Gjendem	Deputy Member	12 companiesMany roles
Magnus Egset	Chairman	7 companiesMany roles
Ole Johan Egset	Board of Directors	1 company

Frequently asked questions

What is the Org number of Ideform AS?

Ideform AS is registered with Brønnøysundsregistrene under Org 920211682.

What is the revenue of Ideform AS?

Ideform AS reported revenue of NOK 96.1k in 2020.

Where is Ideform AS headquartered?

Ideform AS's registered address is Torheimsvegen 1857.