Satema Moelv AS
ASDissolvedOrg 956456940Industrivegen 15, 2390 MoelvManufacture of electricity distribution and control apparatus· NACE 2712Est. 1989 · 36 years old73 employees
Loading company…
Overview
Satema Moelv AS is a Norwegian AS based in Moelv, operating in the Manufacture of electricity distribution and control apparatus sector. Incorporated in 1989, the company has 73 employees and reported revenue of NOK 291.8m in its latest annual filing.
Revenue 2021
291.8M NOK
+17% vs 2020
EBITDA margin
9.8 %
+160% vs 2020
Net profit 2021
21.4M NOK
+162% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
34.5 %
AverageAround the average of companies in the same industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
16.1 %
StrongAmong the 30% highest rated companies in the industry
20172021
EBITDA — year on year
NOK millionsKey figures
Annual report 2021| Revenue | 291.8M NOK | +17% |
| EBITDA | 28.5M NOK | +160% |
| Net profit | 21.4M NOK | +162% |
| Total assets | 133.3M NOK | +41% |
| Equity | 46M NOK | -16% |
| Employees | 73 | — |
Company information
Legal name
SATEMA MOELV AS
Org number
956456940
Legal form
Aksjeselskap
NACE code
Founded
31 October 1989 · 36 years
Share capital
NOK 3,500,000
Employees
73 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap. Daglig leder og ett styremedlem i fellesskap.
Address
Industrivegen 15, 2390 Moelv
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 (2021), Satema Moelv AS reported revenue of NOK 291.8m, an increase of 17% 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 21.4m, and the EBITDA margin stood at 9.8%.
At the end of 2021, equity financed 34.5% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 291,760 | 249,534 | 244,963 | 243,979 | 222,043 |
| Staff expenses | -43,727 | -42,094 | -40,380 | -37,911 | -35,507 |
| EBITDA | 28,523 | 10,972 | 18,194 | 11,383 | 12,669 |
| Depreciation & amort. | -482 | -556 | -764 | -781 | -761 |
| EBIT | 28,042 | 10,416 | 17,429 | 10,602 | 11,908 |
| Net financials | -569 | 80 | -646 | -1,445 | -816 |
| Profit before tax | 27,473 | 10,496 | 16,783 | 9,157 | 11,092 |
| Tax | 6,045 | 2,314 | 3,693 | 2,080 | 2,631 |
| Net profit | 21,428 | 8,182 | 13,090 | 7,076 | 8,461 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 133,265 | 94,201 | 97,692 | 96,582 | 95,053 |
| Equity | 45,992 | 54,564 | 46,383 | 33,293 | 31,216 |
| Long-term debt | 152 | 209 | 13,402 | 26,376 | 26,008 |
| Short-term debt | 87,121 | 39,428 | 37,907 | 36,913 | 37,829 |
| Total debt | 87,272 | 39,637 | 51,309 | 63,290 | 63,837 |
Financial ratios
5-year trendEBITDA margin
9.8 %
20172021
Equity ratio
34.5 %
AverageAround the average of companies in the same industry
20172021
Return on equity
46.6 %
Very strongAmong the 20% highest rated companies in the industry
20172021
Net profit margin
7.3 %
StrongAmong the 40% highest rated companies in the industry
20172021
Asset turnover
2.19×
StrongAmong the 30% highest rated companies in the industry
20172021
Debt / equity
1.90×
WeakAmong the 40% lowest rated companies in the industry
20172021
Sector performance
28 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 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 40% 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)Very strong
Among the 20% 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)Very strong
Among the 20% 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 ratioVery strong
Among the 20% 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 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 ratioVery weak
Among the 20% 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 20% 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 ratioStrong
Among the 40% 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 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 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 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 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 turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% 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 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 equityWeak
Among the 30% 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 weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TS Chief Executive Officer | Chief Executive Officer | 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KS Chairman | Chairman | 2021 |
TS Board of Directors | Board of Directors | 2021 |
Former (2)
AS Board of Directors | Board of Directors | 2021 – 2022 |
SI Board of Directors | Board of Directors | 2021 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Satema As
Satema Moelv AS Board network connections
Board members of Satema Moelv AS also hold positions in 41 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Solveig Irene Heggberget | Board of Directors | 28 companiesMany roles |
| Atle Simensen | Board of Directors | 5 companies |
| Thomas Schumann Østgaard | Chief Executive Officer | 4 companies |
| Klas Sören Sjöö | Chairman | 4 companies |
Frequently asked questions
What is the Org number of Satema Moelv AS?
Satema Moelv AS is registered with Brønnøysundsregistrene under Org 956456940.
What is the revenue of Satema Moelv AS?
Satema Moelv AS reported revenue of NOK 291.8m in 2021.
How many employees does Satema Moelv AS have?
Satema Moelv AS employs 73 people as of the latest annual report.
Who is the CEO of Satema Moelv AS?
Thomas Schumann Østgaard is the CEO of Satema Moelv AS, in role since 2021.
Who is the chairman of Satema Moelv AS?
Klas Sören Sjöö chairs the board of Satema Moelv AS, in role since 2021.
Where is Satema Moelv AS headquartered?
Satema Moelv AS's registered address is Industrivegen 15.