Recursive Systems AS
ASDissolvedOrg 980450317Henrik Wergelands Gate 21-25, 4612 Kristiansand SOther software publishing· NACE 5829Est. 1998 · 27 years old0 employeeshttps://www.xymphonic.com
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Overview
Recursive Systems AS is a Norwegian AS based in Kristiansand S, operating in the Other software publishing sector. Incorporated in 1998, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2022
0M NOK
EBITDA margin
—
Net profit 2022
0M NOK
0 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
0.1×
Very weakAmong the 10% lowest rated companies in the industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
0.0 %
AverageAround the average of companies in the same industry
20182022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 0M NOK | — |
| EBITDA | 0M NOK | — |
| Net profit | 0M NOK | — |
| Total assets | 0M NOK | 0% |
| Equity | -3.1M NOK | 0% |
| Employees | 0 | — |
Company information
Legal name
RECURSIVE SYSTEMS AS
Org number
980450317
Legal form
Aksjeselskap
NACE code
5829 · Other software publishing
Founded
21 December 1998 · 27 years
Share capital
NOK 2,214,725
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Contact
Address
Henrik Wergelands Gate 21-25, 4612 Kristiansand S
Website
https://www.xymphonic.com
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Financial development
In its most recent annual report (2022), Recursive Systems AS reported revenue of NOK 0. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a break-even result.
At the end of 2022, current assets covered short-term debt 0.1 times.
Financials
Revenue
NOKEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 0 | 0 | -2 | -0 | 28 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 0 | 0 | -2 | -0 | 28 |
| Net financials | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | -2 | -0 | 28 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 0 | 0 | -2 | -0 | 28 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 19 | 19 | 19 | 2 | 2 |
| Equity | -3,135 | -3,135 | -3,135 | -3,133 | -3,133 |
| Long-term debt | 3,002 | 3,002 | 3,002 | 3,002 | 3,002 |
| Short-term debt | 153 | 153 | 153 | 133 | 133 |
| Total debt | 3,154 | 3,154 | 3,154 | 3,135 | 3,135 |
Financial ratios
5-year trendEBITDA margin
0.0 %
20182022
Equity ratio
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20182022
Return on equity
—
20182022
Net profit margin
0.0 %
20182022
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20182022
Debt / equity
—
20182022
Sector performance
14 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 weak
Among the 10% 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 10% 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 30% 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 equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 ratioVery weak
Among the 10% 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.
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 rate on debtVery strong
Among the 10% highest 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 20% 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 debtAverage
Around the average of companies in the same 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
RB Chief Executive Officer | Chief Executive Officer | 2014 |
JE Deputy Member | Deputy Member | 2013 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
RB Chairman | Chairman | 2013 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 22.14% | 22.14% | 2020 | |
| Company | 9.77% | 9.77% | 2020 | |
| Individual | 6.14% | 6.14% | 2020 | |
| Individual | 22.55% | 22.55% | 2020 | |
| Company | 4.8% | 4.8% | 2020 | |
| Individual | 6.15% | 6.15% | 2020 | |
| Individual | 12.99% | 12.99% | 2020 | |
| Company | 14.6% | 14.6% | 2020 |
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Related companies
Company hierarchy
Litago As
Recursive Systems AS (this company)Board network connections
Board members of Recursive Systems AS also hold positions in 22 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Roger Berntsen | Chief Executive Officer | 18 companiesMany roles |
| Jan Eilif Johanssen | Deputy Member | 4 companies |
Frequently asked questions
What is the Org number of Recursive Systems AS?
Recursive Systems AS is registered with Brønnøysundsregistrene under Org 980450317.
Who is the CEO of Recursive Systems AS?
Roger Berntsen is the CEO of Recursive Systems AS, in role since 2014.
Who is the chairman of Recursive Systems AS?
Roger Berntsen chairs the board of Recursive Systems AS, in role since 2013.
Where is Recursive Systems AS headquartered?
Recursive Systems AS's registered address is Henrik Wergelands Gate 21-25.