Finit Technologies AS
ASActiveOrg 927662248Karenslyst Allé 49, 0279 OsloFund management activities· NACE 6630Est. 2021 · 5 years old1-4 employees
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Overview
Finit Technologies AS is a Norwegian AS based in Oslo, operating in the Fund management activities sector. Incorporated in 2021, the company reported revenue of NOK 382.7k in its latest annual filing.
Revenue 2024
0.4M NOK
+453% vs 2023
EBITDA margin
−865.7 %
−10% vs 2023
Net profit 2024
-2.6M NOK
+14% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
95.5 %
Very strongAmong the 10% highest rated companies in the industry
20212024
Liquidity ratioCurrent assets ÷ Short-term debt
3.2×
StrongAmong the 30% highest rated companies in the industry
20212024
Return on assets (ROA)Net profit ÷ Total assets × 100
-27.2 %
Very weakAmong the 10% lowest rated companies in the industry
20212024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 0.4M NOK | +453% |
| EBITDA | -3.3M NOK | -10% |
| Net profit | -2.6M NOK | +14% |
| Total assets | 9.4M NOK | -23% |
| Equity | 9M NOK | -22% |
| Employees | — | — |
Company information
Legal name
FINIT TECHNOLOGIES AS
Org number
927662248
Legal form
Aksjeselskap
NACE code
6630 · Fund management activities
Founded
12 August 2021 · 5 years
Share capital
NOK 44,049
Employees
1-4
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder alene.
Company purpose
Tilrettelegge investering for kjøp av fast eiendom.
(no translation available)
Address
Karenslyst Allé 49, 0279 Oslo
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2024), Finit Technologies AS reported revenue of NOK 382.7k, an increase of 453% on the year before. The figures on this page draw on 4 annual filings covering 2021 to 2024. The bottom line showed a net loss of NOK 2.6m, and the EBITDA margin stood at -865.7%.
At the end of 2024, equity financed 95.5% of the balance sheet, and current assets covered short-term debt 3.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Revenue | 383 | 69 | 0 | 0 |
| Staff expenses | -2,204 | -1,893 | -336 | -0 |
| EBITDA | -3,313 | -3,019 | -1,279 | -95 |
| Depreciation & amort. | -0 | -0 | -0 | -0 |
| EBIT | -3,313 | -3,019 | -1,279 | -95 |
| Net financials | 757 | 60 | -0 | -0 |
| Profit before tax | -2,555 | -2,958 | -1,280 | -95 |
| Tax | -0 | -0 | -0 | -0 |
| Net profit | -2,555 | -2,958 | -1,280 | -95 |
Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Total assets | 9,404 | 12,251 | 530 | 211 |
| Equity | 8,983 | 11,539 | 447 | -70 |
| Long-term debt | 0 | 0 | 0 | 200 |
| Short-term debt | 420 | 713 | 83 | 81 |
| Total debt | 420 | 713 | 83 | 281 |
Financial ratios
5-year trendEBITDA margin
-865.7 %
20212024
Equity ratio
95.5 %
Very strongAmong the 10% highest rated companies in the industry
20212024
Return on equity
-28.4 %
Very weakAmong the 10% lowest rated companies in the industry
20212024
Net profit margin
-667.8 %
Very weakAmong the 10% lowest rated companies in the industry
20212024
Asset turnover
0.04×
WeakAmong the 40% lowest rated companies in the industry
20212024
Debt / equity
0.05×
Very strongAmong the 10% highest rated companies in the industry
20212024
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% 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 marginVery weak
Among the 10% 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 marginVery weak
Among the 10% 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)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 20% 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.
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 equityVery strong
Among the 20% 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 ratioStrong
Among the 30% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 10% 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 ratioVery strong
Among the 10% 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 equityVery strong
Among the 10% 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 equityVery strong
Among the 20% highest rated companies in the 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 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 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 turnoverWeak
Among the 40% 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 10% 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 debtVery strong
Among the 20% highest 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 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
BB Chief Executive Officer | Chief Executive Officer | 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
PK Chairman | Chairman | 2023 |
JP Board of Directors | Board of Directors | 2023 |
AO Board of Directors | Board of Directors | 2023 |
PR Board of Directors | Board of Directors | 2023 |
CK Board of Directors | Board of Directors | 2023 |
Former (2)
NM Deputy Chairman | Deputy Chairman | 2021 – 2023 |
BB Chairman | Chairman | 2021 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 39.73% | 39.73% | 2024 | |
| Company | 12.43% | 12.43% | 2024 | |
| Company | 5.68% | 5.68% | 2024 | |
| Company | 5.68% | 5.68% | 2024 | |
| Company | 4.54% | 4.54% | 2024 | |
| Company | 4.54% | 4.54% | 2024 | |
| Company | 4.54% | 4.54% | 2024 | |
| Company | 3.41% | 3.41% | 2024 | |
| Company | 2.27% | 2.27% | 2024 | |
| Company | 2.27% | 2.27% | 2024 | |
| Individual | 1.36% | 1.36% | 2024 | |
| Company | 1.32% | 1.32% | 2024 | |
| Company | 1.14% | 1.14% | 2024 | |
| Company | 12% | 12% | 2021 |
Related companies
Company hierarchy
Boddco As5.6753%Finit Equity As39.7276%Rimegate As12.4291%Ticon Invest As5.6753%Coldevin Invest As4.54%Opsahl Verdi As4.54%Pegasi As4.54%Industriforedling As3.41%Eie As2.27%Caselba As1.32%Raka Fant As1.14%Mushu As12%
Finit Technologies AS (this company)Board network connections
Board members of Finit Technologies AS also hold positions in 155 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Anders Opsahl | Board of Directors | 65 companiesMany roles |
| Peder Rye Lier | Board of Directors | 31 companiesMany roles |
| Per Kumle | Chairman | 24 companiesMany roles |
| Jørgen Pleym Ulvness | Board of Directors | 22 companiesMany roles |
| Cathrine Klouman | Board of Directors | 6 companiesMany roles |
| Benjamin Bækkelund Haskel | Chief Executive Officer | 5 companies |
| Nicolai Martinus Qvigstad Hjorth | Deputy Chairman | 2 companies |
Frequently asked questions
What is the Org number of Finit Technologies AS?
Finit Technologies AS is registered with Brønnøysundsregistrene under Org 927662248.
What is the revenue of Finit Technologies AS?
Finit Technologies AS reported revenue of NOK 382.7k in 2024.
Who is the CEO of Finit Technologies AS?
Benjamin Bækkelund Haskel is the CEO of Finit Technologies AS.
Who is the chairman of Finit Technologies AS?
Per Kumle chairs the board of Finit Technologies AS, in role since 2023.
Where is Finit Technologies AS headquartered?
Finit Technologies AS's registered address is Karenslyst Allé 49.