Olea AS

ASDissolved

Org 959782334Sjøveien 1D, 5114 TertnesKonsulentvirksomhet tilknyttet informasjonsteknologi· NACE 62020Est. 1990 · 35 years old0 employees

Overview

Olea AS is a Norwegian AS based in Tertnes, operating in the Konsulentvirksomhet tilknyttet informasjonsteknologi sector. Incorporated in 1990, the company has 0 employees and reported revenue of NOK 10.8m in its latest annual filing.

Revenue 2018

10.8M NOK

−10% vs 2017

EBITDA margin

−7.0 %

−860% vs 2017

Net profit 2018

-1.6M NOK

-687% vs 2017

Key ratios

See full ratios →

6.5 %

Weak

Among the 30% lowest rated companies in the industry

20142018

0.7×

Weak

Among the 30% lowest rated companies in the industry

20142018

-30.7 %

Weak

Among the 30% lowest rated companies in the industry

20142018

EBITDA — year on year

NOK thousands

Key figures

Annual report 2018

Revenue	10.8M NOK	-10%
EBITDA	-0.8M NOK	-860%
Net profit	-1.6M NOK	-687%
Total assets	5.3M NOK	-32%
Equity	0.3M NOK	-83%
Employees	0	—

Financial development

In its most recent annual report (2018), Olea AS reported revenue of NOK 10.8m, a decrease of 10% on the year before. The figures on this page draw on 5 annual filings covering 2014 to 2018. The bottom line showed a net loss of NOK 1.6m, and the EBITDA margin stood at -7%.

At the end of 2018, equity financed 6.5% of the balance sheet, and current assets covered short-term debt 0.7 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2018	2017	2016	2015	2014
Revenue	10,823	12,028	7,907	7,582	8,791
Staff expenses	-3,717	-4,586	-2,406	-2,132	-2,237
EBITDA	-758	100	692	312	990
Depreciation & amort.	-287	-150	-161	-157	-149
EBIT	-1,046	-50	531	155	841
Net financials	-583	-157	-46	-124	-79
Profit before tax	-1,628	-207	485	30	762
Tax	-0	-0	148	29	225
Net profit	-1,628	-207	336	1	537

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Balance sheet

NOK thousands

Item	2018	2017	2016	2015	2014
Total assets	5,310	7,839	4,728	4,790	5,167
Equity	344	1,973	2,180	1,843	1,842
Long-term debt	708	0	0	0	0
Short-term debt	4,257	5,866	2,549	2,947	3,325
Total debt	4,966	5,866	2,549	2,947	3,325

Financial ratios

5-year trend

EBITDA margin

-7.0 %

20142018

Equity ratio

6.5 %

Weak

Among the 30% lowest rated companies in the industry

20142018

Return on equity

-472.8 %

Very weak

Among the 10% lowest rated companies in the industry

20142018

Net profit margin

-15.0 %

Weak

Among the 30% lowest rated companies in the industry

20142018

Asset turnover

2.04×

Very strong

Among the 20% highest rated companies in the industry

20142018

Debt / equity

14.42×

Very weak

Among the 10% lowest rated companies in the industry

20142018

Sector performance

28 of 28 ratios graded

28 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 marginWeak

Among the 40% 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)Weak

Among the 30% 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)Weak

Among the 30% 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 ratioAverage

Around the average of companies in the same 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 30% 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 ratioVery weak

Among the 20% 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 40% 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 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 weak

Among the 10% 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 ratioWeak

Among the 30% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 30% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 30% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityVery weak

Among the 10% 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 equityVery weak

Among the 10% 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 debtWeak

Among the 30% lowest rated companies in the industry

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

EBITDA to debtWeak

Among the 40% lowest rated companies in the industry

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

Interest coverageWeak

Among the 40% lowest rated companies in the 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 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 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 capitalWeak

Among the 30% 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 equityVery weak

Among the 10% lowest 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 30% highest rated companies in the industry

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

Annual reports & filings

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
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
LN Linda Nygaard Chief Executive Officer	Chief Executive Officer	2020
PT Pål Tvedt Deputy Member	Deputy Member	2012

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
LN Linda Nygaard Board of Directors	Board of Directors	2012
HV Helge Vindenes Chairman	Chairman	2012

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Olea AS also hold positions in 10 other companies.

Person	Role here	Other companies
Helge Vindenes	Chairman	6 companiesMany roles
Pål Tvedt	Deputy Member	4 companies

Frequently asked questions

What is the Org number of Olea AS?

Olea AS is registered with Brønnøysundsregistrene under Org 959782334.

What is the revenue of Olea AS?

Olea AS reported revenue of NOK 10.8m in 2018.

Who is the CEO of Olea AS?

Linda Nygaard is the CEO of Olea AS, in role since 2020.

Who is the chairman of Olea AS?

Helge Vindenes chairs the board of Olea AS, in role since 2012.

Where is Olea AS headquartered?

Olea AS's registered address is Sjøveien 1D.