Devion AS
ASDissolvedOrg 928590291Dyrmyrgata 4, 3611 KongsbergKonsulentvirksomhet tilknyttet informasjonsteknologi· NACE 62020Est. 2022 · 4 years old9 employeeshttps://www.devion.no
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Overview
Devion AS is a Norwegian AS based in Kongsberg, operating in the Konsulentvirksomhet tilknyttet informasjonsteknologi sector. Incorporated in 2022, the company has 9 employees and reported revenue of NOK 32.6m in its latest annual filing.
Revenue 2022
32.6M NOK
EBITDA margin
10.8 %
Net profit 2022
2.3M NOK
9 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
1.0 %
Very weakAmong the 20% lowest rated companies in the industry
20222022
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
WeakAmong the 30% lowest rated companies in the industry
20222022
Return on assets (ROA)Net profit ÷ Total assets × 100
33.0 %
Very strongAmong the 20% highest rated companies in the industry
20222022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 32.6M NOK | — |
| EBITDA | 3.5M NOK | — |
| Net profit | 2.3M NOK | — |
| Total assets | 7.1M NOK | — |
| Equity | 0.1M NOK | — |
| Employees | 9 | — |
Company information
Legal name
DEVION AS
Org number
928590291
Legal form
Aksjeselskap
NACE code
Founded
1 January 2022 · 4 years
Share capital
NOK 67,236
Employees
9 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Salg av it utstyr, konsulent og driftstjenester.
(no translation available)
Contact
Address
Dyrmyrgata 4, 3611 Kongsberg
Phone
+47 45 27 44 00
Email
firmapost@devion.no
Website
https://www.devion.no
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Financial development
In its most recent annual report (2022), Devion AS reported revenue of NOK 32.6m. The bottom line showed a net profit of NOK 2.3m, and the EBITDA margin stood at 10.8%.
At the end of 2022, equity financed 1% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 |
|---|---|
| Revenue | 32,570 |
| Staff expenses | -10,372 |
| EBITDA | 3,518 |
| Depreciation & amort. | -524 |
| EBIT | 2,994 |
| Net financials | 22 |
| Profit before tax | 3,016 |
| Tax | 680 |
| Net profit | 2,337 |
Balance sheet
NOK thousands| Item | 2022 |
|---|---|
| Total assets | 7,074 |
| Equity | 67 |
| Long-term debt | 0 |
| Short-term debt | 7,007 |
| Total debt | 7,007 |
Financial ratios
5-year trendEBITDA margin
10.8 %
20222022
Equity ratio
1.0 %
Very weakAmong the 20% lowest rated companies in the industry
20222022
Return on equity
>999 %
Very strongAmong the 10% highest rated companies in the industry
20222022
Net profit margin
7.2 %
AverageAround the average of companies in the same industry
20222022
Asset turnover
4.60×
Very strongAmong the 10% highest rated companies in the industry
20222022
Debt / equity
104.21×
Very weakAmong the 10% lowest rated companies in the industry
20222022
Sector performance
24 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same 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 10% 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)Very strong
Among the 10% 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 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 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 40% 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 equityVery weak
Among the 10% 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 weak
Among the 10% 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 10% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 30% 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 10% 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 10% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% 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 10% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery weak
Among the 10% lowest rated companies in the industry
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.
Equity to contributed capitalWeak
Among the 40% lowest 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 equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
ØB Chief Executive Officer | Chief Executive Officer | 2022 |
Former (1)
MT Chief Executive Officer | Chief Executive Officer | 2022 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SV Chairman | Chairman | 2022 |
TR Board of Directors | Board of Directors | 2022 |
OV Board of Directors | Board of Directors | 2022 |
Former (5)
TB Board of Directors | Board of Directors | 2022 – 2022 |
BA Board of Directors | Board of Directors | 2022 – 2022 |
ØB Board of Directors | Board of Directors | 2022 – 2022 |
YG Board of Directors | Board of Directors | 2022 – 2022 |
MT Chairman | Chairman | 2022 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 |
Related companies
Company hierarchy
Evelon Holding AS
Devion AS Board network connections
Board members of Devion AS also hold positions in 164 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Magne Tangen | Chief Executive Officer | 33 companiesMany roles |
| Torfinn Bråtun | Board of Directors | 29 companiesMany roles |
| Bjørn Aage Haugen | Board of Directors | 28 companiesMany roles |
| Ole Vinje | Board of Directors | 28 companiesMany roles |
| Stian Vik Gabrielsen | Chairman | 20 companiesMany roles |
| Øystein Berg | Chief Executive Officer | 16 companiesMany roles |
| Yngve Gunnar Marthinsen | Board of Directors | 6 companiesMany roles |
| Thomas Rivenes | Board of Directors | 4 companies |
Frequently asked questions
What is the Org number of Devion AS?
Devion AS is registered with Brønnøysundsregistrene under Org 928590291.
What is the revenue of Devion AS?
Devion AS reported revenue of NOK 32.6m in 2022.
How many employees does Devion AS have?
Devion AS employs 9 people as of the latest annual report.
Who is the CEO of Devion AS?
Øystein Berg is the CEO of Devion AS.
Who is the chairman of Devion AS?
Stian Vik Gabrielsen chairs the board of Devion AS.
Where is Devion AS headquartered?
Devion AS's registered address is Dyrmyrgata 4.