Digitive AS
ASActiveOrg 926526014Festeveien 50A, 1525 MossComputer programming activities· NACE 6210Est. 2021 · 5 years old0 employeeshttps://www.digitive.no
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Overview
Digitive AS is a Norwegian AS based in Moss, operating in the Computer programming activities sector. Incorporated in 2021, the company has 0 employees and reported revenue of NOK 7.9m in its latest annual filing.
Revenue 2023
7.9M NOK
+81% vs 2022
EBITDA margin
−0.0 %
−100% vs 2022
Net profit 2023
-0M NOK
-134% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
14.1 %
WeakAmong the 30% lowest rated companies in the industry
20212023
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20212023
Return on assets (ROA)Net profit ÷ Total assets × 100
-0.6 %
AverageAround the average of companies in the same industry
20212023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 7.9M NOK | +81% |
| EBITDA | -0M NOK | -100% |
| Net profit | -0M NOK | -134% |
| Total assets | 7.3M NOK | +12% |
| Equity | 1M NOK | -4% |
| Employees | 0 | — |
Company information
Legal name
DIGITIVE AS
Org number
926526014
Legal form
Aksjeselskap
NACE code
Founded
22 January 2021 · 5 years
Share capital
NOK 75,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Programmering og konsulenttjenester innenfor data og it, programvareutvikling, kunstig intelligens.
(no translation available)
Contact
Address
Festeveien 50A, 1525 Moss
Phone
+47 41 20 01 13
Email
post@digitive.no
Website
https://www.digitive.no
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Financial development
In its most recent annual report (2023), Digitive AS reported revenue of NOK 7.9m, an increase of 81% on the year before. The figures on this page draw on 3 annual filings covering 2021 to 2023. The bottom line showed a net loss of NOK 47.2k, and the EBITDA margin stood at -0%.
At the end of 2023, equity financed 14.1% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 7,853 | 4,328 | 4,066 |
| Staff expenses | -6,698 | -2,366 | -1,223 |
| EBITDA | -1 | 230 | 1,103 |
| Depreciation & amort. | -67 | -43 | -5 |
| EBIT | -68 | 187 | 1,099 |
| Net financials | 8 | -9 | -0 |
| Profit before tax | -60 | 177 | 1,099 |
| Tax | -13 | 40 | 242 |
| Net profit | -47 | 137 | 856 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total assets | 7,270 | 6,475 | 1,818 |
| Equity | 1,022 | 1,069 | 931 |
| Long-term debt | 3,531 | 3,544 | 4 |
| Short-term debt | 2,718 | 1,863 | 883 |
| Total debt | 6,249 | 5,407 | 887 |
Financial ratios
5-year trendEBITDA margin
-0.0 %
20212023
Equity ratio
14.1 %
WeakAmong the 30% lowest rated companies in the industry
20212023
Return on equity
-4.6 %
WeakAmong the 40% lowest rated companies in the industry
20212023
Net profit margin
-0.6 %
WeakAmong the 40% lowest rated companies in the industry
20212023
Asset turnover
1.08×
StrongAmong the 40% highest rated companies in the industry
20212023
Debt / equity
6.12×
Very weakAmong the 20% lowest rated companies in the industry
20212023
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery strong
Among the 10% 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 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 marginWeak
Among the 40% lowest 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)Weak
Among the 40% 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)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% 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)Average
Around the average of companies in the same 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 40% 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 40% 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 20% 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 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 weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% lowest 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 ratioWeak
Among the 40% lowest 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 equityVery weak
Among the 20% 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 equityVery weak
Among the 20% 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 debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest 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 marginAverage
Around the average of companies in the same 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 capitalStrong
Among the 40% 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 equityWeak
Among the 40% 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MS Chief Executive Officer | Chief Executive Officer | 2024 |
KH Trustee | Trustee | 2024 |
Former (1)
KS Chief Executive Officer | Chief Executive Officer | 2021 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MS Chairman | Chairman | 2021 |
KS Board of Directors | Board of Directors | 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 3% | 3% | 2023 | |
| Individual | 4% | 4% | 2021 | |
| Individual | 2% | 2% | 2021 | |
| Individual | 3% | 3% | 2022 | |
| Individual | 3% | 3% | 2022 | |
| Individual | 2% | 2% | 2021 | |
| Company | 86% | 86% | 2022 |
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Company hierarchy
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Digitive AS Board network connections
Board members of Digitive AS also hold positions in 65 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Karianne Hulaas | Trustee | 52 companiesMany roles |
| Morten Skurdal | Chief Executive Officer | 10 companiesMany roles |
| Kjetil Sinding | Chief Executive Officer | 3 companies |
Frequently asked questions
What is the Org number of Digitive AS?
Digitive AS is registered with Brønnøysundsregistrene under Org 926526014.
What is the revenue of Digitive AS?
Digitive AS reported revenue of NOK 7.9m in 2023.
Who is the CEO of Digitive AS?
Morten Skurdal is the CEO of Digitive AS, in role since 2024.
Who is the chairman of Digitive AS?
Morten Skurdal chairs the board of Digitive AS.
Where is Digitive AS headquartered?
Digitive AS's registered address is Festeveien 50A.