Minitunet AS
ASDissolvedOrg 923729879Bryggegata 7, 0250 OsloUtleie av egen eller leid fast eiendom ellers· NACE 68209Est. 2019 · 7 years old0 employeeshttps://www.schage.no
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Overview
Minitunet AS is a Norwegian AS based in Oslo, operating in the Utleie av egen eller leid fast eiendom ellers sector. Incorporated in 2019, the company has 0 employees and reported revenue of NOK 253.2k in its latest annual filing.
Revenue 2022
253.2K NOK
+3% vs 2021
EBITDA margin
18.1 %
+181% vs 2021
Net profit 2022
34.6K NOK
+173% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
33.8 %
AverageAround the average of companies in the same industry
20192022
Liquidity ratioCurrent assets ÷ Short-term debt
0.5×
WeakAmong the 30% lowest rated companies in the industry
20192022
Return on assets (ROA)Net profit ÷ Total assets × 100
9.5 %
Very strongAmong the 20% highest rated companies in the industry
20192022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 253.2K NOK | +3% |
| EBITDA | 45.8K NOK | +181% |
| Net profit | 34.6K NOK | +173% |
| Total assets | 363.3K NOK | +22% |
| Equity | 122.7K NOK | 0% |
| Employees | 0 | — |
Company information
Legal name
MINITUNET AS
Org number
923729879
Legal form
Aksjeselskap
NACE code
Founded
3 July 2019 · 7 years
Share capital
NOK 91,824
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Å eie, utvikle og drifte fast eiendom, samt øvrige aktiviteter tilknyttet dette.
(no translation available)
Contact
Address
Bryggegata 7, 0250 Oslo
Website
https://www.schage.no
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Financial development
In its most recent annual report (2022), Minitunet AS reported revenue of NOK 253.2k, an increase of 3% 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 34.6k, and the EBITDA margin stood at 18.1%.
At the end of 2022, equity financed 33.8% of the balance sheet, and current assets covered short-term debt 0.5 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Revenue | 253 | 246 | 241 | 119 |
| Staff expenses | -0 | -0 | -0 | -0 |
| EBITDA | 46 | -57 | -62 | 104 |
| Depreciation & amort. | -0 | -0 | -0 | -0 |
| EBIT | 46 | -57 | -62 | 104 |
| Net financials | -2 | -4 | -5 | -2 |
| Profit before tax | 44 | -61 | -68 | 102 |
| Tax | 10 | -13 | -15 | 21 |
| Net profit | 35 | -47 | -53 | 81 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Total assets | 363 | 297 | 427 | 355 |
| Equity | 123 | 123 | 123 | 123 |
| Long-term debt | 0 | 0 | 120 | 116 |
| Short-term debt | 241 | 174 | 184 | 117 |
| Total debt | 241 | 174 | 304 | 233 |
Financial ratios
5-year trendEBITDA margin
18.1 %
20192022
Equity ratio
33.8 %
AverageAround the average of companies in the same industry
20192022
Return on equity
28.2 %
Very strongAmong the 20% highest rated companies in the industry
20192022
Net profit margin
13.7 %
AverageAround the average of companies in the same industry
20192022
Asset turnover
0.70×
Very strongAmong the 10% highest rated companies in the industry
20192022
Debt / equity
1.96×
AverageAround the average of companies in the same 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 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 40% 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 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 20% 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 20% 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 20% 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 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.
Liquidity
Current ratioWeak
Among the 30% 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 ratioWeak
Among the 30% 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 10% 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 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 capitalVery weak
Among the 20% 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 ratioStrong
Among the 40% 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 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 equityWeak
Among the 40% 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 30% 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 coverageVery strong
Among the 20% 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 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 turnoverVery strong
Among the 10% 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 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 2019-07-03 – 2019-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JA Chief Executive Officer | Chief Executive Officer | 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
HJ Chairman | Chairman | 2024 |
SS Board of Directors | Board of Directors | 2024 |
Former (8)
GT Board of Directors | Board of Directors | 2019 – 2021 |
HU Board of Directors | Board of Directors | 2022 – 2024 |
VW Board of Directors | Board of Directors | 2021 – 2024 |
AS Board of Directors | Board of Directors | 2019 – 2021 |
ES Chairman | Chairman | 2019 – 2023 |
JM Board of Directors | Board of Directors | 2021 – 2022 |
MV Chairman | Chairman | 2023 – 2024 |
JR Board of Directors | Board of Directors | 2019 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Schage Eiendom As
Minitunet AS Board network connections
Board members of Minitunet AS also hold positions in 207 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sigmund Sletvold | Board of Directors | 55 companiesMany roles |
| Hans Jørgen Mørland | Chairman | 48 companiesMany roles |
| Gert Tonning | Board of Directors | 24 companiesMany roles |
| Egil Svoren | Chairman | 19 companiesMany roles |
| Matilda Vinje | Chairman | 14 companiesMany roles |
| Jakob André Thier | Chief Executive Officer | 9 companiesMany roles |
| Heidi Ulmo | Board of Directors | 9 companiesMany roles |
| Vibeke Warløs Næss | Board of Directors | 8 companiesMany roles |
| Anders Sletten | Board of Directors | 8 companiesMany roles |
| Jeanette Raastad-Andersson | Board of Directors | 7 companiesMany roles |
| Jan Magne Aune | Board of Directors | 6 companiesMany roles |
Frequently asked questions
What is the Org number of Minitunet AS?
Minitunet AS is registered with Brønnøysundsregistrene under Org 923729879.
What is the revenue of Minitunet AS?
Minitunet AS reported revenue of NOK 253.2k in 2022.
Who is the CEO of Minitunet AS?
Jakob André Thier is the CEO of Minitunet AS, in role since 2024.
Who is the chairman of Minitunet AS?
Hans Jørgen Mørland chairs the board of Minitunet AS, in role since 2024.
Where is Minitunet AS headquartered?
Minitunet AS's registered address is Bryggegata 7.