M.C. Developing AS

ASDissolved

Org 925505552Veddertoppen 61, 4642 SøgneEngineering activities and related technical consultancy· NACE 7112Est. 2020 · 6 years old1-4 employees

Overview

M.C. Developing AS is a Norwegian AS based in Søgne, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2020, the company reported revenue of NOK 1.5m in its latest annual filing.

Revenue 2022

1.5M NOK

+6% vs 2021

EBITDA margin

97.7 %

+24% vs 2021

Net profit 2022

1.1M NOK

+23% vs 2021

Key ratios

See full ratios →

57.4 %

Average

Around the average of companies in the same industry

20212022

1.0×

Weak

Among the 30% lowest rated companies in the industry

20212022

34.0 %

Very strong

Among the 20% highest rated companies in the industry

20212022

EBITDA — year on year

NOK thousands

Key figures

Annual report 2022

Revenue	1.5M NOK	+6%
EBITDA	1.4M NOK	+24%
Net profit	1.1M NOK	+23%
Total assets	3.3M NOK	+151%
Equity	1.9M NOK	+94%
Employees	—	—

Financial development

In its most recent annual report (2022), M.C. Developing AS reported revenue of NOK 1.5m, an increase of 6% on the year before. The figures on this page draw on 2 annual filings covering 2021 to 2022. The bottom line showed a net profit of NOK 1.1m, and the EBITDA margin stood at 97.7%.

At the end of 2022, equity financed 57.4% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2022	2021
Revenue	1,467	1,388
Staff expenses	-0	-223
EBITDA	1,433	1,155
Depreciation & amort.	-0	-0
EBIT	1,433	1,155
Net financials	-16	0
Profit before tax	1,418	1,155
Tax	312	254
Net profit	1,106	901

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Balance sheet

NOK thousands

Item	2022	2021
Total assets	3,257	1,295
Equity	1,870	964
Long-term debt	3	6
Short-term debt	1,384	326
Total debt	1,387	332

Financial ratios

5-year trend

EBITDA margin

97.7 %

20212022

Equity ratio

57.4 %

Average

Around the average of companies in the same industry

20212022

Return on equity

59.1 %

Strong

Among the 30% highest rated companies in the industry

20212022

Net profit margin

75.4 %

Very strong

Among the 20% highest rated companies in the industry

20212022

Asset turnover

0.45×

Average

Around the average of companies in the same industry

20212022

Debt / equity

0.74×

Average

Around the average of companies in the same industry

20212022

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 marginVery strong

Among the 10% 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)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)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)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 10% 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 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 ratioWeak

Among the 30% 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 equityStrong

Among the 30% highest 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 capitalWeak

Among the 30% 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 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 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 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 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 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 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 20% 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
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
MC Matheus Christensen Chairman	Chairman	2020

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of M.C. Developing AS also hold positions in 6 other companies.

Person	Role here	Other companies
Matheus Christensen	Chairman	6 companiesMany roles

Frequently asked questions

What is the Org number of M.C. Developing AS?

M.C. Developing AS is registered with Brønnøysundsregistrene under Org 925505552.

What is the revenue of M.C. Developing AS?

M.C. Developing AS reported revenue of NOK 1.5m in 2022.

Who is the chairman of M.C. Developing AS?

Matheus Christensen chairs the board of M.C. Developing AS.

Where is M.C. Developing AS headquartered?

M.C. Developing AS's registered address is Veddertoppen 61.