Munck Cranes AS
ASBankruptOrg 984030126Kokstadvegen 30, 5257 KokstadManufacture of lifting and handling equipment· NACE 2822Est. 2001 · 24 years old0 employeeshttps://www.munck-cranes.no
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Overview
Munck Cranes AS is a Norwegian AS based in Kokstad, operating in the Manufacture of lifting and handling equipment sector. Incorporated in 2001, the company has 0 employees and reported revenue of NOK 157.9m in its latest annual filing.
Revenue 2021
157.9M NOK
−18% vs 2020
EBITDA margin
−16.0 %
−438% vs 2020
Net profit 2021
-37M NOK
-1073% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-7.3 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
-37.0 %
Very weakAmong the 10% lowest rated companies in the industry
20172021
EBITDA — year on year
NOK millionsKey figures
Annual report 2021| Revenue | 157.9M NOK | -18% |
| EBITDA | -25.2M NOK | -438% |
| Net profit | -37M NOK | -1073% |
| Total assets | 99.9M NOK | -47% |
| Equity | -7.3M NOK | -135% |
| Employees | 0 | — |
Company information
Legal name
MUNCK CRANES AS
Org number
984030126
Legal form
Aksjeselskap
NACE code
Founded
3 December 2001 · 24 years
Share capital
NOK 31,776,800
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets leder og nestleder i fellesskap.
Company purpose
Produksjon, servivirksomhet, handelsvirksomhet og hva dermed står i forbindelse.
(no translation available)
Contact
Address
Kokstadvegen 30, 5257 Kokstad
Website
https://www.munck-cranes.no
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Financial development
In its most recent annual report (2021), Munck Cranes AS reported revenue of NOK 157.9m, a decrease of 18% 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 37.0m, and the EBITDA margin stood at -16%.
At the end of 2021, current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 157,943 | 193,012 | 185,001 | 204,831 | 190,023 |
| Staff expenses | -78,761 | -73,113 | -73,990 | -65,427 | -64,740 |
| EBITDA | -25,233 | 7,467 | -19,030 | -3,517 | 1,798 |
| Depreciation & amort. | -590 | 374 | -2,595 | -1,453 | -1,056 |
| EBIT | -25,823 | 7,841 | -21,626 | -4,970 | 742 |
| Net financials | -10,120 | -4,181 | -3,570 | -2,521 | -1,424 |
| Profit before tax | -35,943 | 3,659 | -25,196 | -7,492 | -682 |
| Tax | 1,031 | -142 | -5,581 | -1,861 | -811 |
| Net profit | -36,974 | 3,801 | -19,615 | -5,631 | 128 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 99,893 | 188,048 | 184,202 | 184,623 | 164,045 |
| Equity | -7,303 | 21,135 | 17,334 | 36,949 | 42,190 |
| Long-term debt | 19,512 | 50,249 | 21,299 | 5,162 | 7,084 |
| Short-term debt | 87,684 | 116,664 | 145,570 | 142,512 | 114,771 |
| Total debt | 107,196 | 166,913 | 166,869 | 147,674 | 121,855 |
Financial ratios
5-year trendEBITDA margin
-16.0 %
20172021
Equity ratio
-7.3 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Return on equity
—
20172021
Net profit margin
-23.4 %
Very weakAmong the 20% lowest rated companies in the industry
20172021
Asset turnover
1.58×
StrongAmong the 40% highest rated companies in the industry
20172021
Debt / equity
—
20172021
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% 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 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.
Basic earning power (BEP)Very weak
Among the 20% 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 ratioWeak
Among the 40% lowest 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.
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.
Liquidity
Current ratioWeak
Among the 40% 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 ratioWeak
Among the 30% 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.
Fixed assets to long-term capitalStrong
Among the 30% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
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.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 20% 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 debtVery weak
Among the 20% 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 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% 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 10% lowest 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 20% 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.
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.
Efficiency & development
Asset turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 20% 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 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 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 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.
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 (6) | ||
AD Chief Executive Officer | Chief Executive Officer | 2021 |
EH Trustee | Trustee | 2023 |
HL Deputy Member | Deputy Member | 2021 |
VN Deputy Member | Deputy Member | 2021 |
FB Deputy Member | Deputy Member | 2022 |
HR Deputy Member | Deputy Member | 2022 |
Former (3)
KF Deputy Member | Deputy Member | 2021 – 2022 |
PJ Deputy Member | Deputy Member | 2021 – 2022 |
RV Chief Executive Officer | Chief Executive Officer | 2008 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
MV Board of Directors | Board of Directors | 2021 |
HR Board of Directors | Board of Directors | 2026 |
PJ Board of Directors | Board of Directors | 2022 |
RF Board of Directors | Board of Directors | 2022 |
EØ Board of Directors | Board of Directors | 2021 |
TE Chairman | Chairman | 2021 |
Former (2)
SE Board of Directors | Board of Directors | 2021 – 2022 |
AM Board of Directors | Board of Directors | 2021 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 46% | 46% | 2021 | |
| Company | 34% | 34% | 2021 | |
| Company | 20% | 20% | 2021 |
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Company hierarchy
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Munck Cranes AS Board network connections
Board members of Munck Cranes AS also hold positions in 255 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Egil Horstad | Trustee | 178 companiesMany roles |
| Harald Rune Øyhovden | Board of Directors | 31 companiesMany roles |
| Toril Eidesvik | Chairman | 24 companiesMany roles |
| Espen Øyhovden | Board of Directors | 13 companiesMany roles |
| Svein Erik Amundsen | Board of Directors | 4 companies |
| Kenth Frode Hovland | Deputy Member | 1 company |
| Rune Vabø | Chief Executive Officer | 1 company |
| Maya Vabø Mongstad-Vistnes | Board of Directors | 1 company |
| Anne Marie Almeland Blomberg | Board of Directors | 1 company |
| Rigmor Fardal | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Munck Cranes AS?
Munck Cranes AS is registered with Brønnøysundsregistrene under Org 984030126.
What is the revenue of Munck Cranes AS?
Munck Cranes AS reported revenue of NOK 157.9m in 2021.
Who is the CEO of Munck Cranes AS?
Adrianus Dirk Bakelaar is the CEO of Munck Cranes AS, in role since 2021.
Who is the chairman of Munck Cranes AS?
Toril Eidesvik chairs the board of Munck Cranes AS, in role since 2021.
Where is Munck Cranes AS headquartered?
Munck Cranes AS's registered address is Kokstadvegen 30.