Procom Venture AS
ASDissolvedOrg 984196636Lyngvollveien 10, 4017 StavangerFund management activities· NACE 6630Est. 2002 · 24 years old4 employees
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Overview
Procom Venture AS is a Norwegian AS based in Stavanger, operating in the Fund management activities sector. Incorporated in 2002, the company has 4 employees and reported revenue of NOK 1.2m in its latest annual filing.
Revenue 2023
1.2M NOK
+48% vs 2022
EBITDA margin
17.3 %
+123% vs 2022
Net profit 2023
0.2M NOK
+128% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
88.2 %
Very strongAmong the 20% highest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
1.6×
AverageAround the average of companies in the same industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
110.7 %
Very strongAmong the 10% highest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 1.2M NOK | +48% |
| EBITDA | 0.2M NOK | +123% |
| Net profit | 0.2M NOK | +128% |
| Total assets | 0.2M NOK | -28% |
| Equity | 0.2M NOK | +492% |
| Employees | 4 | — |
Company information
Legal name
PROCOM VENTURE AS
Org number
984196636
Legal form
Aksjeselskap
NACE code
6630 · Fund management activities
Founded
28 January 2002 · 24 years
Share capital
NOK 200,000
Employees
4 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-11-15
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Tilby rådgivningstjenester for forvaltning av alternative investeringsfond, samt å investere i aksjer og andeler i selskaper som driver slik virksomhet, samt hva hermed står i forbindelse.
(no translation available)
Contact
Address
Lyngvollveien 10, 4017 Stavanger
Phone
+47 51 57 90 00
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Financial development
In its most recent annual report (2023), Procom Venture AS reported revenue of NOK 1.2m, an increase of 48% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of NOK 246.1k, and the EBITDA margin stood at 17.3%.
At the end of 2023, equity financed 88.2% of the balance sheet, and current assets covered short-term debt 1.6 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 1,151 | 779 | 812 | 1,236 | 3,692 |
| Staff expenses | -816 | -1,361 | -126 | -1,006 | -2,931 |
| EBITDA | 200 | -880 | 622 | 91 | 53 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -12 |
| EBIT | 200 | -880 | 622 | 91 | 41 |
| Net financials | 47 | -9 | -17 | -8 | 137 |
| Profit before tax | 246 | -888 | 605 | 83 | 178 |
| Tax | -0 | -0 | 23 | -0 | -0 |
| Net profit | 246 | -888 | 582 | 83 | 178 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 222 | 309 | 1,017 | 524 | 824 |
| Equity | 196 | -50 | 838 | 257 | 253 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 26 | 359 | 179 | 268 | 571 |
| Total debt | 26 | 359 | 179 | 268 | 571 |
Financial ratios
5-year trendEBITDA margin
17.3 %
20192023
Equity ratio
88.2 %
Very strongAmong the 20% highest rated companies in the industry
20192023
Return on equity
125.5 %
Very strongAmong the 20% highest rated companies in the industry
20192023
Net profit margin
21.4 %
StrongAmong the 40% highest rated companies in the industry
20192023
Asset turnover
5.18×
Very strongAmong the 10% highest rated companies in the industry
20192023
Debt / equity
0.13×
Very strongAmong the 20% highest rated companies in the industry
20192023
Sector performance
26 of 28 ratios graded28 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 marginStrong
Among the 40% highest 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 marginStrong
Among the 40% highest 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 strong
Among the 20% highest 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 strong
Among the 10% highest 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 strong
Among the 20% highest 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 strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest 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.
Liquidity
Current ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 ratioStrong
Among the 30% 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 20% 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 capitalWeak
Among the 30% 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 40% lowest rated companies in the 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 20% 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 20% 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 strong
Among the 10% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same 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 marginVery strong
Among the 10% highest 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 10% highest 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 debtVery strong
Among the 10% 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.
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 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-11-15
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AA Contact Person | Contact Person | 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
FB Board of Directors | Board of Directors | 2022 |
JM Chairman | Chairman | 2022 |
Former (2)
RE Chairman | Chairman | 2019 – 2022 |
AA Board of Directors | Board of Directors | 2019 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 10% | 10% | 2020 | |
| Company | 12.2% | 12.2% | 2020 | |
| Company | 38.9% | 38.9% | 2020 | |
| Company | 38.9% | 38.9% | 2020 |
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Related companies
Company hierarchy
Berger Energy As
Procom Venture AS (this company)Board network connections
Board members of Procom Venture AS also hold positions in 36 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Rolf Einar Ahlqvist | Chairman | 19 companiesMany roles |
| Jørn Mikal Bergeland | Chairman | 8 companiesMany roles |
| Frank Blaker | Board of Directors | 5 companies |
| Anders Are Berger | Contact Person | 4 companies |
Frequently asked questions
What is the Org number of Procom Venture AS?
Procom Venture AS is registered with Brønnøysundsregistrene under Org 984196636.
What is the revenue of Procom Venture AS?
Procom Venture AS reported revenue of NOK 1.2m in 2023.
How many employees does Procom Venture AS have?
Procom Venture AS employs 4 people as of the latest annual report.
Who is the chairman of Procom Venture AS?
Jørn Mikal Bergeland chairs the board of Procom Venture AS, in role since 2022.
Where is Procom Venture AS headquartered?
Procom Venture AS's registered address is Lyngvollveien 10.