VB Florø Rør AS
ASDissolvedOrg 930471038Hamregata 17, 6900 FlorøPlumbing, heat and air-conditioning installation· NACE 4322Est. 2022 · 3 years old18 employees
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Overview
VB Florø Rør AS is a Norwegian AS based in Florø, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2022, the company has 18 employees and reported revenue of NOK 25.3m in its latest annual filing.
Revenue 2023
25.3M NOK
EBITDA margin
9.7 %
Net profit 2023
2.1M NOK
+103852300% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
43.9 %
AverageAround the average of companies in the same industry
20222023
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
StrongAmong the 40% highest rated companies in the industry
20222023
Return on assets (ROA)Net profit ÷ Total assets × 100
16.4 %
StrongAmong the 30% highest rated companies in the industry
20222023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 25.3M NOK | — |
| EBITDA | 2.5M NOK | — |
| Net profit | 2.1M NOK | +103852300% |
| Total assets | 12.7M NOK | +42078% |
| Equity | 5.6M NOK | +18415% |
| Employees | 18 | — |
Company information
Legal name
VB FLORØ RØR AS
Org number
930471038
Legal form
Aksjeselskap
NACE code
Founded
29 November 2022 · 3 years
Share capital
NOK 60,000
Employees
18 (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
Levere vvs tjenester og tilhørende produkter, samt annen virksomhet som står i forbindelse med dette.
(no translation available)
Address
Hamregata 17, 6900 Florø
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Financial development
In its most recent annual report (2023), VB Florø Rør AS reported revenue of NOK 25.3m. The figures on this page draw on 2 annual filings covering 2022 to 2023. The bottom line showed a net profit of NOK 2.1m, and the EBITDA margin stood at 9.7%.
At the end of 2023, equity financed 43.9% of the balance sheet, and current assets covered short-term debt 1.7 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 |
|---|---|---|
| Revenue | 25,290 | 0 |
| Staff expenses | -9,658 | -0 |
| EBITDA | 2,465 | 0 |
| Depreciation & amort. | -126 | -0 |
| EBIT | 2,339 | 0 |
| Net financials | 235 | 0 |
| Profit before tax | 2,575 | 0 |
| Tax | 498 | -0 |
| Net profit | 2,077 | 0 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 |
|---|---|---|
| Total assets | 12,654 | 30 |
| Equity | 5,555 | 30 |
| Long-term debt | 129 | 0 |
| Short-term debt | 6,970 | 0 |
| Total debt | 7,099 | 0 |
Financial ratios
5-year trendEBITDA margin
9.7 %
20222023
Equity ratio
43.9 %
AverageAround the average of companies in the same industry
20222023
Return on equity
37.4 %
StrongAmong the 40% highest rated companies in the industry
20222023
Net profit margin
8.2 %
StrongAmong the 30% highest rated companies in the industry
20222023
Asset turnover
2.00×
AverageAround the average of companies in the same industry
20222023
Debt / equity
1.28×
AverageAround the average of companies in the same industry
20222023
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 marginStrong
Among the 40% highest 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 marginStrong
Among the 30% highest 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)Strong
Among the 40% 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)Strong
Among the 30% 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)Strong
Among the 40% 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)Strong
Among the 30% 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 ratioStrong
Among the 40% 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 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 ratioWeak
Among the 30% 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 equityWeak
Among the 40% 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 20% 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 ratioAverage
Around the average of companies in the same 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 equityAverage
Around the average of companies in the same 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 debtStrong
Among the 30% 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 coverageStrong
Among the 30% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% highest 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 20% highest 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 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 strong
Among the 10% highest rated companies in the industry
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) | ||
RE Chief Executive Officer | Chief Executive Officer | 2024 |
Former (1)
TV Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
AA Chairman | Chairman | 2023 |
CO Board of Directors | Board of Directors | 2023 |
Former (1)
RE Chairman | Chairman | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 | |
| Company | 100% | 100% | 2022 |
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Related companies
Company hierarchy
Varme & Bad As
VB Florø Rør AS Board network connections
Board members of VB Florø Rør AS also hold positions in 135 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christian Olberg | Board of Directors | 70 companiesMany roles |
| Anders Almestad | Chairman | 60 companiesMany roles |
| Robert Ellingsund | Chief Executive Officer | 4 companies |
| Therese Vårdal | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of VB Florø Rør AS?
VB Florø Rør AS is registered with Brønnøysundsregistrene under Org 930471038.
What is the revenue of VB Florø Rør AS?
VB Florø Rør AS reported revenue of NOK 25.3m in 2023.
How many employees does VB Florø Rør AS have?
VB Florø Rør AS employs 18 people as of the latest annual report.
Who is the CEO of VB Florø Rør AS?
Robert Ellingsund is the CEO of VB Florø Rør AS, in role since 2024.
Who is the chairman of VB Florø Rør AS?
Anders Almestad chairs the board of VB Florø Rør AS, in role since 2023.
Where is VB Florø Rør AS headquartered?
VB Florø Rør AS's registered address is Hamregata 17.