Broscon AS
ASDissolvedOrg 976817532Langgaten 41/43, 4306 SandnesProduksjon av elektrisitet fra vannkraft· NACE 35111Est. 1996 · 30 years old0 employees
Loading company…
Overview
Broscon AS is a Norwegian AS based in Sandnes, operating in the Produksjon av elektrisitet fra vannkraft sector. Incorporated in 1996, the company has 0 employees and reported revenue of NOK 58.0k in its latest annual filing.
Revenue 2020
0.1M NOK
−36% vs 2019
EBITDA margin
−40.1 %
+42% vs 2019
Net profit 2020
-0.1M NOK
+30% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
45.4 %
AverageAround the average of companies in the same industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
11.0×
Very strongAmong the 20% highest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
-2.2 %
WeakAmong the 40% lowest rated companies in the industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 0.1M NOK | -36% |
| EBITDA | -0M NOK | +42% |
| Net profit | -0.1M NOK | +30% |
| Total assets | 3.8M NOK | -13% |
| Equity | 1.7M NOK | -5% |
| Employees | 0 | — |
Company information
Legal name
BROSCON AS
Org number
976817532
Legal form
Aksjeselskap
NACE code
Founded
18 June 1996 · 30 years
Share capital
—
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Company purpose
Erverve vannrettigheter og bygge ut/produsere elektrisk kraft, eie og utvikle fast eiendom, prosjektutvikling, eie aksjer eller andeler i selskap med samme type virksomhet, samt delta i selskaper med lignende virksomhet.
(no translation available)
Address
Langgaten 41/43, 4306 Sandnes
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 (2020), Broscon AS reported revenue of NOK 58.0k, a decrease of 36% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net loss of NOK 84.8k, and the EBITDA margin stood at -40.1%.
At the end of 2020, equity financed 45.4% of the balance sheet, and current assets covered short-term debt 11 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 58 | 91 | 84 | 116 | 70 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -23 | -40 | 11 | 45 | -163 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -23 | -40 | 11 | 45 | -163 |
| Net financials | -62 | -81 | -76 | -84 | -79 |
| Profit before tax | -85 | -121 | -66 | -39 | -243 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -85 | -121 | -66 | -39 | -243 |
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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 3,840 | 4,436 | 4,485 | 3,826 | 4,242 |
| Equity | 1,744 | 1,829 | 1,309 | 658 | 697 |
| Long-term debt | 2,091 | 2,603 | 3,173 | 3,168 | 3,532 |
| Short-term debt | 5 | 5 | 3 | 0 | 13 |
| Total debt | 2,096 | 2,607 | 3,176 | 3,169 | 3,545 |
Financial ratios
5-year trendEBITDA margin
-40.1 %
20162020
Equity ratio
45.4 %
AverageAround the average of companies in the same industry
20162020
Return on equity
-4.9 %
WeakAmong the 30% lowest rated companies in the industry
20162020
Net profit margin
-146.3 %
Very weakAmong the 10% lowest rated companies in the industry
20162020
Asset turnover
0.02×
WeakAmong the 40% lowest rated companies in the industry
20162020
Debt / equity
1.20×
AverageAround the average of companies in the same industry
20162020
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 marginVery weak
Among the 20% 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 marginVery weak
Among the 10% 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)Weak
Among the 30% 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 40% 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)Weak
Among the 30% 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 40% 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 ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% highest 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 strong
Among the 10% 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 equityVery strong
Among the 10% 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 capitalAverage
Around the average of companies in the same 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 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 debtWeak
Among the 40% 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 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 40% 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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same 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 40% 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 20% 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.
Annual reports & filings
- 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
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
DØ Contact Person | Contact Person | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
TØ Board of Directors | Board of Directors | 2016 |
DØ Chairman | Chairman | 2016 |
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
Øvstebø-Gruppen As
Broscon AS Board network connections
Board members of Broscon AS also hold positions in 64 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Daniel Øvstebø | Contact Person | 33 companiesMany roles |
| Torben Øvstebø | Board of Directors | 31 companiesMany roles |
Frequently asked questions
What is the Org number of Broscon AS?
Broscon AS is registered with Brønnøysundsregistrene under Org 976817532.
What is the revenue of Broscon AS?
Broscon AS reported revenue of NOK 58.0k in 2020.
Who is the chairman of Broscon AS?
Daniel Øvstebø chairs the board of Broscon AS, in role since 2016.
Where is Broscon AS headquartered?
Broscon AS's registered address is Langgaten 41/43.