Payment Locks AS
ASDissolvedOrg 925871648Parkveien 6A, 1405 LanghusComputer programming activities· NACE 6210Est. 2020 · 5 years old0 employees
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Overview
Payment Locks AS is a Norwegian AS based in Langhus, operating in the Computer programming activities sector. Incorporated in 2020, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2023
0M NOK
EBITDA margin
—
Net profit 2023
-2.1M NOK
-40% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
79.9 %
StrongAmong the 40% highest rated companies in the industry
20202023
Liquidity ratioCurrent assets ÷ Short-term debt
4.8×
StrongAmong the 30% highest rated companies in the industry
20202023
Return on assets (ROA)Net profit ÷ Total assets × 100
-128.0 %
Very weakAmong the 10% lowest rated companies in the industry
20202023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 0M NOK | — |
| EBITDA | -2.1M NOK | -39% |
| Net profit | -2.1M NOK | -40% |
| Total assets | 1.7M NOK | -55% |
| Equity | 1.3M NOK | -62% |
| Employees | 0 | — |
Company information
Legal name
PAYMENT LOCKS AS
Org number
925871648
Legal form
Aksjeselskap
NACE code
Founded
10 October 2020 · 5 years
Share capital
NOK 37,500
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Company purpose
Salg av tjenester for styring av låser og betalingssystemer. Kjøp og salg av varer.
(no translation available)
Address
Parkveien 6A, 1405 Langhus
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Financial development
In its most recent annual report (2023), Payment Locks AS reported revenue of NOK 0, a decrease of 100% on the year before. The figures on this page draw on 4 annual filings covering 2020 to 2023. The bottom line showed a net loss of NOK 2.1m.
At the end of 2023, equity financed 79.9% of the balance sheet, and current assets covered short-term debt 4.8 times.
Financials
Revenue
NOKEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 0 | 3 | 0 | 0 |
| Staff expenses | -1,829 | -1,156 | -0 | -0 |
| EBITDA | -2,102 | -1,509 | -18 | -8 |
| Depreciation & amort. | -33 | -19 | -0 | -0 |
| EBIT | -2,136 | -1,529 | -18 | -8 |
| Net financials | 0 | -1 | 0 | 0 |
| Profit before tax | -2,136 | -1,529 | -18 | -8 |
| Tax | -0 | -0 | -0 | -0 |
| Net profit | -2,136 | -1,529 | -18 | -8 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Total assets | 1,669 | 3,750 | -0 | 17 |
| Equity | 1,333 | 3,469 | -2 | 16 |
| Long-term debt | 0 | 0 | 0 | 0 |
| Short-term debt | 336 | 281 | 2 | 1 |
| Total debt | 336 | 281 | 2 | 1 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20202023
Equity ratio
79.9 %
StrongAmong the 40% highest rated companies in the industry
20202023
Return on equity
-160.2 %
Very weakAmong the 10% lowest rated companies in the industry
20202023
Net profit margin
<−999 %
20202023
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20202023
Debt / equity
0.25×
StrongAmong the 40% highest rated companies in the industry
20202023
Sector performance
24 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very weak
Among the 10% lowest 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 weak
Among the 10% lowest 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 weak
Among the 10% lowest 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 weak
Among the 10% 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 ratioVery weak
Among the 10% 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Liquidity
Current ratioStrong
Among the 30% 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 30% 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 ratioVery strong
Among the 20% 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 equityAverage
Around the average of companies in the same 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 40% 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 ratioWeak
Among the 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest 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 ratioStrong
Among the 30% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityStrong
Among the 40% highest rated companies in the 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 weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% lowest 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 30% highest rated companies in the 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.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest 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 weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% 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 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TL Contact Person | Contact Person | 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
OA Board of Directors | Board of Directors | 2023 |
TL Board of Directors | Board of Directors | 2023 |
PT Board of Directors | Board of Directors | 2023 |
TK Chairman | Chairman | 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 20% | 20% | 2020 | |
| Company | 20% | 20% | 2022 | |
| Company | 36.8% | 36.8% | 2022 | |
| Company | 36.8% | 36.8% | 2022 | |
| Company | 6.4% | 6.4% | 2022 |
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Related companies
Company hierarchy
Skytech Control As
Payment Locks AS (this company)Board network connections
Board members of Payment Locks AS also hold positions in 16 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tore Krogstad | Chairman | 9 companiesMany roles |
| Petter Tveter-Nemeth | Board of Directors | 4 companies |
| Tommy Lind | Contact Person | 2 companies |
| Ole-Johannes Aasbø | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Payment Locks AS?
Payment Locks AS is registered with Brønnøysundsregistrene under Org 925871648.
Who is the chairman of Payment Locks AS?
Tore Krogstad chairs the board of Payment Locks AS, in role since 2023.
Where is Payment Locks AS headquartered?
Payment Locks AS's registered address is Parkveien 6A.