Commit AS

ASDissolved

Org 920696848Ryghgata 10, 3050 MjøndalenKonsulentvirksomhet tilknyttet informasjonsteknologi· NACE 62020Est. 2018 · 8 years old0 employeeshttps://www.commit.as

Overview

Commit AS is a Norwegian AS based in Mjøndalen, operating in the Konsulentvirksomhet tilknyttet informasjonsteknologi sector. Incorporated in 2018, the company has 0 employees and reported revenue of NOK 1.5m in its latest annual filing.

Revenue 2020

1.5M NOK

+7% vs 2019

EBITDA margin

11.2 %

−52% vs 2019

Net profit 2020

0.1M NOK

-56% vs 2019

Key ratios

See full ratios →

5.0 %

Weak

Among the 30% lowest rated companies in the industry

20182020

0.2×

Very weak

Among the 20% lowest rated companies in the industry

20182020

15.4 %

Strong

Among the 30% highest rated companies in the industry

20182020

EBITDA — year on year

NOK thousands

Key figures

Annual report 2020

Revenue	1.5M NOK	+7%
EBITDA	0.2M NOK	-52%
Net profit	0.1M NOK	-56%
Total assets	0.8M NOK	-1%
Equity	0M NOK	0%
Employees	0	—

Contact

Address

Ryghgata 10, 3050 Mjøndalen

Website

https://www.commit.as

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Financial development

In its most recent annual report (2020), Commit AS reported revenue of NOK 1.5m, an increase of 7% on the year before. The figures on this page draw on 3 annual filings covering 2018 to 2020. The bottom line showed a net profit of NOK 123.1k, and the EBITDA margin stood at 11.2%.

At the end of 2020, equity financed 5% of the balance sheet, and current assets covered short-term debt 0.2 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2020	2019	2018
Revenue	1,542	1,444	814
Staff expenses	-1,195	-855	-672
EBITDA	173	361	50
Depreciation & amort.	-0	-0	-0
EBIT	173	361	50
Net financials	-15	-4	0
Profit before tax	158	357	50
Tax	35	79	11
Net profit	123	278	38

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Balance sheet

NOK thousands

Item	2020	2019	2018
Total assets	797	808	311
Equity	40	40	78
Long-term debt	1	0	0
Short-term debt	757	767	232
Total debt	757	768	232

Financial ratios

5-year trend

EBITDA margin

11.2 %

20182020

Equity ratio

5.0 %

Weak

Among the 30% lowest rated companies in the industry

20182020

Return on equity

307.7 %

Very strong

Among the 10% highest rated companies in the industry

20182020

Net profit margin

8.0 %

Average

Around the average of companies in the same industry

20182020

Asset turnover

1.93×

Very strong

Among the 20% highest rated companies in the industry

20182020

Debt / equity

18.94×

Very weak

Among the 10% lowest rated companies in the industry

20182020

Sector performance

27 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 marginStrong

Among the 40% 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 marginAverage

Around the average of companies in the same 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 30% 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 ratioStrong

Among the 30% 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 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 20% 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 capitalVery weak

Among the 10% 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 strong

Among the 20% highest rated companies in the industry

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

Debt & solvency

Solidity ratioWeak

Among the 30% 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 debtStrong

Among the 40% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 40% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 40% highest 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 40% 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 30% 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 40% 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 equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

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.

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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
MH Morten Halvorsen Chief Executive Officer	Chief Executive Officer	2018

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
MH Morten Halvorsen Chairman	Chairman	2018

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Commit AS also hold positions in 1 other company.

Person	Role here	Other companies
Morten Halvorsen	Chief Executive Officer	1 company

Frequently asked questions

What is the Org number of Commit AS?

Commit AS is registered with Brønnøysundsregistrene under Org 920696848.

What is the revenue of Commit AS?

Commit AS reported revenue of NOK 1.5m in 2020.

Who is the CEO of Commit AS?

Morten Halvorsen is the CEO of Commit AS.

Who is the chairman of Commit AS?

Morten Halvorsen chairs the board of Commit AS.

Where is Commit AS headquartered?

Commit AS's registered address is Ryghgata 10.