Ironforge AS
ASDissolvedOrg 929363213Drammensveien 82C, 0271 OsloReal estate activities with own property and development of building projects· NACE 6810Est. 2022 · 4 years old0 employees
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Overview
Ironforge AS is a Norwegian AS based in Oslo, operating in the Real estate activities with own property and development of building projects sector. Incorporated in 2022, the company has 0 employees and reported revenue of NOK 100.3m in its latest annual filing.
Revenue 2023
100.3M NOK
+137% vs 2022
EBITDA margin
1.7 %
+202% vs 2022
Net profit 2023
0.4M NOK
+109% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
25.1 %
AverageAround the average of companies in the same industry
20222023
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
AverageAround the average of companies in the same industry
20222023
Return on assets (ROA)Net profit ÷ Total assets × 100
>999 %
Very strongAmong the 10% highest rated companies in the industry
20222023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 100.3M NOK | +137% |
| EBITDA | 1.7M NOK | +202% |
| Net profit | 0.4M NOK | +109% |
| Total assets | 0M NOK | -100% |
| Equity | 0M NOK | +100% |
| Employees | 0 | — |
Company information
Legal name
IRONFORGE AS
Org number
929363213
Legal form
Aksjeselskap
Founded
13 May 2022 · 4 years
Share capital
NOK 30,000
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
Kjøp og salg av eiendom, investere i eiendom, aksjer, tilby konsulenttjenester og det som naturlig faller inn under dette, herunder delta i andre selskaper.
(no translation available)
Address
Drammensveien 82C, 0271 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 (2023), Ironforge AS reported revenue of NOK 100.3m, an increase of 137% on the year before. The figures on this page draw on 2 annual filings covering 2022 to 2023. The bottom line showed a net profit of NOK 380.5k, and the EBITDA margin stood at 1.7%.
At the end of 2023, equity financed 25.1% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 |
|---|---|---|
| Revenue | 100,265 | 42,273 |
| Staff expenses | -0 | -0 |
| EBITDA | 1,741 | -1,715 |
| Depreciation & amort. | -0 | -0 |
| EBIT | 1,741 | -1,715 |
| Net financials | -1,361 | -2,406 |
| Profit before tax | 381 | -4,121 |
| Tax | -0 | -0 |
| Net profit | 381 | -4,121 |
Balance sheet
NOK thousands| Item | 2023 | 2022 |
|---|---|---|
| Total assets | 5 | 98,874 |
| Equity | 1 | -4,091 |
| Long-term debt | 0 | 66,409 |
| Short-term debt | 4 | 36,556 |
| Total debt | 4 | 102,965 |
Financial ratios
5-year trendEBITDA margin
1.7 %
20222023
Equity ratio
25.1 %
AverageAround the average of companies in the same industry
20222023
Return on equity
>999 %
Very strongAmong the 10% highest rated companies in the industry
20222023
Net profit margin
0.4 %
WeakAmong the 40% lowest rated companies in the industry
20222023
Asset turnover
>999×
Very strongAmong the 10% highest rated companies in the industry
20222023
Debt / equity
2.99×
WeakAmong the 40% lowest rated companies in the industry
20222023
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 marginWeak
Among the 30% 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)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 10% 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 10% 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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 ratioStrong
Among the 40% 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 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 strong
Among the 10% 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 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 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 equityWeak
Among the 40% 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 equityWeak
Among the 40% 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 debtVery strong
Among the 10% 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 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest 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 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.
Equity to contributed capitalVery weak
Among the 20% 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 debtVery strong
Among the 10% 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.
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.
Annual reports & filings
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
JS Board of Directors | Board of Directors | 2022 |
SM Chairman | Chairman | 2022 |
AA Board of Directors | Board of Directors | 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 |
Related companies
Company hierarchy
Solgt.No As
Ironforge AS Board network connections
Board members of Ironforge AS also hold positions in 13 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jan Søby Oftedal | Board of Directors | 5 companies |
| Shafi Mohammed Adan | Chairman | 5 companies |
| Arne Alexander Skøien Kvale | Board of Directors | 3 companies |
Frequently asked questions
What is the Org number of Ironforge AS?
Ironforge AS is registered with Brønnøysundsregistrene under Org 929363213.
What is the revenue of Ironforge AS?
Ironforge AS reported revenue of NOK 100.3m in 2023.
Who is the chairman of Ironforge AS?
Shafi Mohammed Adan chairs the board of Ironforge AS.
Where is Ironforge AS headquartered?
Ironforge AS's registered address is Drammensveien 82C.