Kantech AS
ASDissolvedOrg 923309322Terminalen 9, 3414 LierstrandaEngineering activities and related technical consultancy· NACE 7112Est. 2019 · 7 years old12 employeeshttps://www.kantech.no
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Overview
Kantech AS is a Norwegian AS based in Lierstranda, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2019, the company has 12 employees and reported revenue of NOK 57.6m in its latest annual filing.
Revenue 2022
57.6M NOK
+48% vs 2021
EBITDA margin
22.2 %
+24% vs 2021
Net profit 2022
10M NOK
+25% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
40.1 %
AverageAround the average of companies in the same industry
20192022
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
AverageAround the average of companies in the same industry
20192022
Return on assets (ROA)Net profit ÷ Total assets × 100
27.7 %
StrongAmong the 30% highest rated companies in the industry
20192022
EBITDA — year on year
NOK millionsKey figures
Annual report 2022| Revenue | 57.6M NOK | +48% |
| EBITDA | 12.8M NOK | +24% |
| Net profit | 10M NOK | +25% |
| Total assets | 36.1M NOK | +43% |
| Equity | 14.5M NOK | 0% |
| Employees | 12 | — |
Company information
Legal name
KANTECH AS
Org number
923309322
Legal form
Aksjeselskap
NACE code
Founded
9 August 2019 · 7 years
Share capital
NOK 102,000
Employees
12 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Rådgivende ingeniørvirksomhet samt det som naturlig står i forbindelse med dette.
(no translation available)
Contact
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Financial development
In its most recent annual report (2022), Kantech AS reported revenue of NOK 57.6m, an increase of 48% on the year before. The figures on this page draw on 4 annual filings covering 2019 to 2022. The bottom line showed a net profit of NOK 10.0m, and the EBITDA margin stood at 22.2%.
At the end of 2022, equity financed 40.1% of the balance sheet, and current assets covered short-term debt 1.7 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Revenue | 57,598 | 38,967 | 16,832 | 24,012 |
| Staff expenses | -11,111 | -9,865 | -8,704 | -8,664 |
| EBITDA | 12,813 | 10,340 | 5,523 | 5,127 |
| Depreciation & amort. | -27 | -34 | -51 | -58 |
| EBIT | 12,786 | 10,306 | 5,472 | 5,068 |
| Net financials | 24 | -21 | 17 | 15 |
| Profit before tax | 12,810 | 10,285 | 5,489 | 5,083 |
| Tax | 2,819 | 2,264 | 1,211 | 1,118 |
| Net profit | 9,991 | 8,022 | 4,278 | 3,965 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Total assets | 36,063 | 25,307 | 11,589 | 11,799 |
| Equity | 14,464 | 14,465 | 6,444 | 2,165 |
| Long-term debt | 0 | 0 | 0 | 3,632 |
| Short-term debt | 21,599 | 10,842 | 5,145 | 6,002 |
| Total debt | 21,599 | 10,842 | 5,145 | 9,634 |
Financial ratios
5-year trendEBITDA margin
22.2 %
20192022
Equity ratio
40.1 %
AverageAround the average of companies in the same industry
20192022
Return on equity
69.1 %
StrongAmong the 30% highest rated companies in the industry
20192022
Net profit margin
17.3 %
StrongAmong the 40% highest rated companies in the industry
20192022
Asset turnover
1.60×
StrongAmong the 40% highest rated companies in the industry
20192022
Debt / equity
1.49×
WeakAmong the 40% lowest rated companies in the industry
20192022
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 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 marginStrong
Among the 40% 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)Strong
Among the 30% 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)Strong
Among the 30% 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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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.
Current assets to equityWeak
Among the 30% 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 capitalStrong
Among the 30% 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 ratioStrong
Among the 30% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 40% 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 equityWeak
Among the 30% 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 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 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 marginVery strong
Among the 20% 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% 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 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 debtVery weak
Among the 20% lowest 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 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
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
MI Chief Executive Officer | Chief Executive Officer | 2019 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
MN Board of Directors | Board of Directors | 2021 |
HF Board of Directors | Board of Directors | 2021 |
GK Board of Directors | Board of Directors | 2021 |
PA Chairman | Chairman | 2021 |
ES Board of Directors | Board of Directors | 2023 |
Former (2)
FH Board of Directors | Board of Directors | 2021 – 2024 |
KA Board of Directors | Board of Directors | 2021 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33.33% | 33.33% | 2020 | |
| Company | 33.33% | 33.33% | 2020 | |
| Company | 33.33% | 33.33% | 2020 | |
| Company | 100% | 100% | 2021 |
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Related companies
Company hierarchy
M.Algrøy As
Kantech AS (this company)Board network connections
Board members of Kantech AS also hold positions in 45 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Guttorm Karlsen | Board of Directors | 21 companiesMany roles |
| Petter Arnesen | Chairman | 12 companiesMany roles |
| Martin Inge Algrøy | Chief Executive Officer | 4 companies |
| Magne Nordgård | Board of Directors | 4 companies |
| Fredrik Hilding | Board of Directors | 2 companies |
| Helge Finanger | Board of Directors | 1 company |
| Kari Alvilde Huun | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Kantech AS?
Kantech AS is registered with Brønnøysundsregistrene under Org 923309322.
What is the revenue of Kantech AS?
Kantech AS reported revenue of NOK 57.6m in 2022.
How many employees does Kantech AS have?
Kantech AS employs 12 people as of the latest annual report.
Who is the CEO of Kantech AS?
Martin Inge Algrøy is the CEO of Kantech AS.
Who is the chairman of Kantech AS?
Petter Arnesen chairs the board of Kantech AS, in role since 2021.
Where is Kantech AS headquartered?
Kantech AS's registered address is Terminalen 9.