Litor AS
ASDissolvedOrg 979469047Trollhaugmyra 15, 5353 StraumeUtleie av egen eller leid fast eiendom ellers· NACE 68209Est. 1997 · 28 years old0 employees
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Overview
Litor AS is a Norwegian AS based in Straume, operating in the Utleie av egen eller leid fast eiendom ellers sector. Incorporated in 1997, the company has 0 employees and reported revenue of NOK 84.0k in its latest annual filing.
Revenue 2021
84K NOK
+2700% vs 2020
EBITDA margin
−50.8 %
−28% vs 2020
Net profit 2021
-42.7K NOK
-44% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
98.1 %
Very strongAmong the 20% highest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
53.1×
Very strongAmong the 20% highest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
-21.9 %
Very weakAmong the 10% lowest rated companies in the industry
20172021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 84K NOK | +2700% |
| EBITDA | -42.6K NOK | -28% |
| Net profit | -42.7K NOK | -44% |
| Total assets | 195.2K NOK | -17% |
| Equity | 191.5K NOK | -18% |
| Employees | 0 | — |
Company information
Legal name
LITOR AS
Org number
979469047
Legal form
Aksjeselskap
NACE code
Founded
11 December 1997 · 28 years
Share capital
NOK 100,416
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Address
Trollhaugmyra 15, 5353 Straume
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Financial development
In its most recent annual report (2021), Litor AS reported revenue of NOK 84.0k, an increase of 2700% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net loss of NOK 42.7k, and the EBITDA margin stood at -50.8%.
At the end of 2021, equity financed 98.1% of the balance sheet, and current assets covered short-term debt 53.1 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 84 | 3 | 3 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -43 | -33 | -25 | -25 | -12 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -43 | -33 | -25 | -25 | -12 |
| Net financials | -0 | 4 | 2,496 | 211 | 2 |
| Profit before tax | -43 | -30 | 2,471 | 186 | -11 |
| Tax | -0 | -0 | -29 | -0 | -0 |
| Net profit | -43 | -30 | 2,500 | 186 | -11 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 195 | 234 | 2,870 | 462 | 277 |
| Equity | 191 | 234 | 264 | 262 | 275 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 4 | 0 | 2,606 | 200 | 1 |
| Total debt | 4 | 0 | 2,606 | 200 | 1 |
Financial ratios
5-year trendEBITDA margin
-50.8 %
20172021
Equity ratio
98.1 %
Very strongAmong the 20% highest rated companies in the industry
20172021
Return on equity
-22.3 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Net profit margin
-50.8 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Asset turnover
0.43×
Very strongAmong the 20% highest rated companies in the industry
20172021
Debt / equity
0.02×
Very strongAmong the 10% highest rated companies in the industry
20172021
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% 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 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 20% 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 20% 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 10% 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 20% 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 10% 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 10% 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 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 capitalVery strong
Among the 10% 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% highest 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 ratioVery strong
Among the 10% highest 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 strong
Among the 10% highest 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 strong
Among the 20% highest 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 10% 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 10% 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 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 10% 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.
Equity to contributed capitalWeak
Among the 40% 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 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 weak
Among the 10% lowest 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 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) | ||
LH Chief Executive Officer | Chief Executive Officer | 2015 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
BR Board of Directors | Board of Directors | 2019 |
GL Board of Directors | Board of Directors | 2019 |
RL Chairman | Chairman | 2019 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Solsio Utvikling As
Litor AS Board network connections
Board members of Litor AS also hold positions in 109 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Roy-Eddy Lie | Chairman | 42 companiesMany roles |
| Bjarne Risnes Haldorsen | Board of Directors | 32 companiesMany roles |
| Gunhild Lie Skålevik | Board of Directors | 31 companiesMany roles |
| Lene Haug | Chief Executive Officer | 4 companies |
Frequently asked questions
What is the Org number of Litor AS?
Litor AS is registered with Brønnøysundsregistrene under Org 979469047.
What is the revenue of Litor AS?
Litor AS reported revenue of NOK 84.0k in 2021.
Who is the CEO of Litor AS?
Lene Haug is the CEO of Litor AS, in role since 2015.
Who is the chairman of Litor AS?
Roy-Eddy Lie chairs the board of Litor AS, in role since 2019.
Where is Litor AS headquartered?
Litor AS's registered address is Trollhaugmyra 15.