Otb Construction AS

ASDissolved

Org 924673826Forsøket 6, 9010 TromsøConstruction of residential and non-residential buildings· NACE 4100Est. 2020 · 6 years old0 employees

Overview

Otb Construction AS is a Norwegian AS based in Tromsø, operating in the Construction of residential and non-residential buildings sector. Incorporated in 2020, the company has 0 employees and reported revenue of NOK 7.8m in its latest annual filing.

Revenue 2022

7.8M NOK

+244% vs 2021

EBITDA margin

16.9 %

+910% vs 2021

Net profit 2022

1M NOK

+817% vs 2021

Key ratios

See full ratios →

40.8 %

Average

Around the average of companies in the same industry

20202022

1.7×

Average

Around the average of companies in the same industry

20202022

37.3 %

Very strong

Among the 10% highest rated companies in the industry

20202022

EBITDA — year on year

NOK thousands

Key figures

Annual report 2022

Revenue	7.8M NOK	+244%
EBITDA	1.3M NOK	+910%
Net profit	1M NOK	+817%
Total assets	2.7M NOK	+308%
Equity	1.1M NOK	+1076%
Employees	0	—

Contact

Address

Forsøket 6, 9010 Tromsø

otbconstruction@sbcglobal.net

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Financial development

In its most recent annual report (2022), Otb Construction AS reported revenue of NOK 7.8m, an increase of 244% on the year before. The figures on this page draw on 3 annual filings covering 2020 to 2022. The bottom line showed a net profit of NOK 1.0m, and the EBITDA margin stood at 16.9%.

At the end of 2022, equity financed 40.8% of the balance sheet, and current assets covered short-term debt 1.7 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2022	2021	2020
Revenue	7,790	2,264	866
Staff expenses	-5,347	-1,870	-743
EBITDA	1,316	130	-45
Depreciation & amort.	-0	-0	-0
EBIT	1,316	130	-45
Net financials	-5	-0	-1
Profit before tax	1,311	130	-46
Tax	288	18	-0
Net profit	1,023	112	-46

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Balance sheet

NOK thousands

Item	2022	2021	2020
Total assets	2,742	672	169
Equity	1,118	95	-16
Long-term debt	10	0	0
Short-term debt	1,614	577	185
Total debt	1,624	577	185

Financial ratios

5-year trend

EBITDA margin

16.9 %

20202022

Equity ratio

40.8 %

Average

Around the average of companies in the same industry

20202022

Return on equity

91.5 %

Very strong

Among the 20% highest rated companies in the industry

20202022

Net profit margin

13.1 %

Very strong

Among the 20% highest rated companies in the industry

20202022

Asset turnover

2.84×

Strong

Among the 30% highest rated companies in the industry

20202022

Debt / equity

1.45×

Average

Around the average of companies in the same industry

20202022

Sector performance

27 of 28 ratios graded

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

Profitability

Gross marginVery strong

Among the 20% highest 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 marginVery strong

Among the 20% 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 marginVery strong

Among the 20% 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)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 10% 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 10% 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 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 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.

Current assets to equityWeak

Among the 40% 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 strong

Among the 10% 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 ratioAverage

Around the average of companies in the same 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 equityAverage

Around the average of companies in the same industry

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

Income to debtVery strong

Among the 20% highest rated companies in the industry

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

EBITDA to debtVery strong

Among the 20% 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 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 strong

Among the 10% 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 30% 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 20% 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 equityVery strong

Among the 10% highest rated companies in the industry

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

One-year change in debtVery weak

Among the 10% 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 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
JH Jan Halstein Haugnes Trustee	Trustee	2025

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
RP Rainis Pugovkin Chairman	Chairman	2020

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 Otb Construction AS also hold positions in 122 other companies.

Person	Role here	Other companies
Jan Halstein Haugnes	Trustee	121 companiesMany roles
Rainis Pugovkin	Chairman	1 company

Frequently asked questions

What is the Org number of Otb Construction AS?

Otb Construction AS is registered with Brønnøysundsregistrene under Org 924673826.

What is the revenue of Otb Construction AS?

Otb Construction AS reported revenue of NOK 7.8m in 2022.

Who is the chairman of Otb Construction AS?

Rainis Pugovkin chairs the board of Otb Construction AS.

Where is Otb Construction AS headquartered?

Otb Construction AS's registered address is Forsøket 6.