Georgsen AS

ASDissolved

Org 920731821Olaf Siqvelands Veg 1, 4250 KopervikHav- og kystfiske· NACE 03111Est. 2018 · 8 years old0 employees

Overview

Georgsen AS is a Norwegian AS based in Kopervik, operating in the Hav- og kystfiske sector. Incorporated in 2018, the company has 0 employees and reported revenue of NOK 285.0k in its latest annual filing.

Revenue 2020

0.3M NOK

−27% vs 2019

EBITDA margin

−13.7 %

−128% vs 2019

Net profit 2020

-0.3M NOK

-76% vs 2019

Key ratios

See full ratios →

-9.3 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

2.5×

Strong

Among the 40% highest rated companies in the industry

20182020

-23.3 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

EBITDA — year on year

NOK thousands

Key figures

Annual report 2020

Revenue	0.3M NOK	-27%
EBITDA	-0M NOK	-128%
Net profit	-0.3M NOK	-76%
Total assets	1.4M NOK	-22%
Equity	-0.1M NOK	-166%
Employees	0	—

Financial development

In its most recent annual report (2020), Georgsen AS reported revenue of NOK 285.0k, a decrease of 27% on the year before. The figures on this page draw on 3 annual filings covering 2018 to 2020. The bottom line showed a net loss of NOK 318.9k, and the EBITDA margin stood at -13.7%.

At the end of 2020, current assets covered short-term debt 2.5 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2020	2019	2018
Revenue	285	392	512
Staff expenses	-0	-62	-98
EBITDA	-39	137	233
Depreciation & amort.	-219	-241	-280
EBIT	-258	-103	-47
Net financials	-61	-78	-81
Profit before tax	-319	-181	-127
Tax	-0	-0	-0
Net profit	-319	-181	-127

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Balance sheet

NOK thousands

Item	2020	2019	2018
Total assets	1,371	1,755	2,807
Equity	-127	192	373
Long-term debt	1,457	1,543	2,331
Short-term debt	41	20	103
Total debt	1,498	1,563	2,434

Financial ratios

5-year trend

EBITDA margin

-13.7 %

20182020

Equity ratio

-9.3 %

Very weak

Among the 20% lowest rated companies in the industry

20182020

Return on equity

—

20182020

Net profit margin

-111.9 %

Very weak

Among the 10% lowest rated companies in the industry

20182020

Asset turnover

0.21×

Average

Around the average of companies in the same industry

20182020

Debt / equity

—

20182020

Sector performance

22 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 weak

Among the 20% 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 10% 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)Very weak

Among the 20% 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)Very weak

Among the 20% 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 ratioWeak

Among the 40% lowest 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.

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 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 40% 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 40% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Fixed assets to long-term capitalAverage

Around the average of companies in the same 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 ratioWeak

Among the 30% 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.

Debt & solvency

Solidity ratioVery weak

Among the 20% 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 20% 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 debtVery weak

Among the 20% lowest rated companies in the industry

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

EBITDA to debtWeak

Among the 30% lowest rated companies in the industry

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

Interest coverageWeak

Among the 30% lowest 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 weak

Among the 20% 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 20% 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 equityVery weak

Among the 10% lowest rated companies in the 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 2018-04-01 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mona Grethe Tangjerd	Individual	20%	20%	2020

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Georgsen AS?

Georgsen AS is registered with Brønnøysundsregistrene under Org 920731821.

What is the revenue of Georgsen AS?

Georgsen AS reported revenue of NOK 285.0k in 2020.

Where is Georgsen AS headquartered?

Georgsen AS's registered address is Olaf Siqvelands Veg 1.