Kredinor Sa

SADissolved

Org 953556472Rådhusgata 27, 0158 OsloActivities of collection agencies and credit bureaus· NACE 8291Est. 1905 · 121 years old0 employees

Overview

Kredinor Sa is a Norwegian SA based in Oslo, operating in the Activities of collection agencies and credit bureaus sector. Incorporated in 1905, the company has 0 employees and reported revenue of NOK 698.2m in its latest annual filing.

Revenue 2021

0.7B NOK

−2% vs 2020

EBITDA margin

18.1 %

−15% vs 2020

Net profit 2021

0.1B NOK

+52% vs 2020

Key ratios

See full ratios →

36.6 %

Average

Around the average of companies in the same industry

20172021

1.0×

Weak

Among the 40% lowest rated companies in the industry

20172021

4.7 %

Average

Around the average of companies in the same industry

20172021

EBITDA — year on year

NOK millions

Key figures

Annual report 2021

Revenue	0.7B NOK	-2%
EBITDA	0.1B NOK	-15%
Net profit	0.1B NOK	+52%
Total assets	2B NOK	-4%
Equity	0.7B NOK	+15%
Employees	0	—

Financial development

In its most recent annual report (2021), Kredinor Sa reported revenue of NOK 698.2m, a decrease of 2% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of NOK 93.1m, and the EBITDA margin stood at 18.1%.

At the end of 2021, equity financed 36.6% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

NOK millions

EBITDA

NOK millions

Income statement

NOK thousands

Item	2021	2020	2019	2018	2017
Revenue	698,249	714,824	698,665	694,124	632,949
Staff expenses	-356,288	-357,361	-356,775	-378,792	-338,357
EBITDA	126,295	147,773	134,129	108,911	91,540
Depreciation & amort.	-15,603	-18,219	-22,407	-22,971	-23,056
EBIT	110,691	129,554	111,722	85,940	68,484
Net financials	6,244	-39,628	-53,239	-8,483	-1,277
Profit before tax	116,936	89,926	58,483	77,457	67,207
Tax	23,843	28,498	21,780	24,086	11,614
Net profit	93,093	61,428	36,703	53,371	55,593

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Balance sheet

NOK thousands

Item	2021	2020	2019	2018	2017
Total assets	1,962,853	2,038,342	1,960,649	1,683,040	1,176,335
Equity	718,801	625,708	564,530	527,422	491,489
Long-term debt	998,563	1,062,688	1,007,534	841,188	441,500
Short-term debt	242,037	347,745	387,895	310,589	240,735
Total debt	1,240,599	1,410,433	1,395,429	1,151,777	682,235

Financial ratios

5-year trend

EBITDA margin

18.1 %

20172021

Equity ratio

36.6 %

Average

Around the average of companies in the same industry

20172021

Return on equity

13.0 %

Average

Around the average of companies in the same industry

20172021

Net profit margin

13.3 %

Strong

Among the 30% highest rated companies in the industry

20172021

Asset turnover

0.36×

Weak

Among the 40% lowest rated companies in the industry

20172021

Debt / equity

1.73×

Weak

Among the 40% lowest rated companies in the industry

20172021

Sector performance

26 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginStrong

Among the 40% highest 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 marginStrong

Among the 30% 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)Average

Around the average of companies in the same industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Average

Around the average of companies in the same 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 40% 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 40% 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 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 ratioAverage

Around the average of companies in the same 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 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 debtAverage

Around the average of companies in the same industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageAverage

Around the average of companies in the same industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtVery weak

Among the 20% lowest rated companies in the 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 turnoverWeak

Among the 40% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

One-year change in equityStrong

Among the 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtStrong

Among the 40% 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.

Equity to contributed capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

Annual reports & filings

Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Kredinor Sa?

Kredinor Sa is registered with Brønnøysundsregistrene under Org 953556472.

What is the revenue of Kredinor Sa?

Kredinor Sa reported revenue of NOK 698.2m in 2021.

Where is Kredinor Sa headquartered?

Kredinor Sa's registered address is Rådhusgata 27.