Choco Loco AS
ASBankruptOrg 932229862Nygaardsgata 45, 1607 FredrikstadRestaurant activities· NACE 5611Est. 2023 · 3 years old0 employees
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Overview
Choco Loco AS is a Norwegian AS based in Fredrikstad, operating in the Restaurant activities sector. Incorporated in 2023, the company has 0 employees and reported revenue of NOK 6.9m in its latest annual filing.
Revenue 2024
6.9M NOK
−17% vs 2023
EBITDA margin
−4.2 %
−169% vs 2023
Net profit 2024
-0.3M NOK
-204% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
25.5 %
AverageAround the average of companies in the same industry
20232024
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
StrongAmong the 40% highest rated companies in the industry
20232024
Return on assets (ROA)Net profit ÷ Total assets × 100
-29.8 %
Very weakAmong the 20% lowest rated companies in the industry
20232024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 6.9M NOK | -17% |
| EBITDA | -0.3M NOK | -169% |
| Net profit | -0.3M NOK | -204% |
| Total assets | 1.1M NOK | -48% |
| Equity | 0.3M NOK | -54% |
| Employees | 0 | — |
Company information
Legal name
CHOCO LOCO AS
Org number
932229862
Legal form
Aksjeselskap
NACE code
5611 · Restaurant activities
Founded
19 September 2023 · 3 years
Share capital
NOK 50,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Drift av kafè og restaurant, produksjon av marmelader, konfekter, kaker samt salg av produktene i egen butikk og annet som naturlig faller sammen med dette, herunder å delta i andre selskaper med lignende virksomhet, kjøp og salg av aksjer, eller på annen måte gjøre seg interessert i andre foretagender.
(no translation available)
Address
Nygaardsgata 45, 1607 Fredrikstad
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Financial development
In its most recent annual report (2024), Choco Loco AS reported revenue of NOK 6.9m, a decrease of 17% on the year before. The figures on this page draw on 2 annual filings covering 2023 to 2024. The bottom line showed a net loss of NOK 317.7k, and the EBITDA margin stood at -4.2%.
At the end of 2024, equity financed 25.5% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 |
|---|---|---|
| Revenue | 6,856 | 8,248 |
| Staff expenses | -3,882 | -3,965 |
| EBITDA | -287 | 418 |
| Depreciation & amort. | -35 | -32 |
| EBIT | -322 | 386 |
| Net financials | 4 | 7 |
| Profit before tax | -318 | 393 |
| Tax | -0 | 86 |
| Net profit | -318 | 306 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 |
|---|---|---|
| Total assets | 1,066 | 2,034 |
| Equity | 272 | 590 |
| Long-term debt | 0 | 0 |
| Short-term debt | 794 | 1,444 |
| Total debt | 794 | 1,444 |
Financial ratios
5-year trendEBITDA margin
-4.2 %
20232024
Equity ratio
25.5 %
AverageAround the average of companies in the same industry
20232024
Return on equity
-116.7 %
Very weakAmong the 10% lowest rated companies in the industry
20232024
Net profit margin
-4.6 %
WeakAmong the 30% lowest rated companies in the industry
20232024
Asset turnover
6.43×
Very strongAmong the 20% highest rated companies in the industry
20232024
Debt / equity
2.92×
WeakAmong the 40% lowest rated companies in the industry
20232024
Sector performance
28 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 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 30% 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 20% 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 20% 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 ratioWeak
Among the 40% 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 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 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 30% 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 equityWeak
Among the 30% 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 capitalStrong
Among the 30% 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 ratioWeak
Among the 40% lowest 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 weak
Among the 20% 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 20% 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 20% 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 marginWeak
Among the 30% 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 turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverAverage
Around the average of companies in the same 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 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 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 10% highest rated companies in the industry
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 (2) | ||
JK Chief Executive Officer | Chief Executive Officer | 2025 |
PT Trustee | Trustee | 2025 |
Former (1)
MS Chief Executive Officer | Chief Executive Officer | 2023 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
MS Chairman | Chairman | 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
Tæsse Holding As
Choco Loco AS Board network connections
Board members of Choco Loco AS also hold positions in 68 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Peter Trygve Hansen | Trustee | 63 companiesMany roles |
| Merethe Stene | Chief Executive Officer | 4 companies |
| Jon Kenneth Sommer | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of Choco Loco AS?
Choco Loco AS is registered with Brønnøysundsregistrene under Org 932229862.
What is the revenue of Choco Loco AS?
Choco Loco AS reported revenue of NOK 6.9m in 2024.
Who is the CEO of Choco Loco AS?
Jon Kenneth Sommer is the CEO of Choco Loco AS, in role since 2025.
Who is the chairman of Choco Loco AS?
Merethe Stene chairs the board of Choco Loco AS.
Where is Choco Loco AS headquartered?
Choco Loco AS's registered address is Nygaardsgata 45.