Løvoll AS
ASDissolvedOrg 984960026Moan 33, 9151 StorslettMalerarbeid· NACE 43341Est. 2002 · 24 years old26 employeeshttps://www.malermesterlovoll.no
Loading company…
Overview
Løvoll AS is a Norwegian AS based in Storslett, operating in the Malerarbeid sector. Incorporated in 2002, the company has 26 employees and reported revenue of NOK 32.7m in its latest annual filing.
Revenue 2022
32.7M NOK
+49% vs 2021
EBITDA margin
20.0 %
+144% vs 2021
Net profit 2022
5.1M NOK
+158% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
45.7 %
AverageAround the average of companies in the same industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
1.9×
StrongAmong the 40% highest rated companies in the industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
28.7 %
Very strongAmong the 20% highest rated companies in the industry
20182022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 32.7M NOK | +49% |
| EBITDA | 6.5M NOK | +144% |
| Net profit | 5.1M NOK | +158% |
| Total assets | 17.9M NOK | +33% |
| Equity | 8.2M NOK | +168% |
| Employees | 26 | — |
Company information
Legal name
LØVOLL AS
Org number
984960026
Legal form
Aksjeselskap
NACE code
43341 · Malerarbeid
Founded
27 September 2002 · 24 years
Share capital
NOK 100,000
Employees
26 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Overflatebehandling og entreprenørvirksomhet, eie og utleie av fast eiendom og deltakelse i andre selskaper.
(no translation available)
Contact
Address
Moan 33, 9151 Storslett
Website
https://www.malermesterlovoll.no
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 (2022), Løvoll AS reported revenue of NOK 32.7m, an increase of 49% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net profit of NOK 5.1m, and the EBITDA margin stood at 20%.
At the end of 2022, equity financed 45.7% of the balance sheet, and current assets covered short-term debt 1.9 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 32,734 | 22,037 | 21,796 | 16,253 | 12,449 |
| Staff expenses | -7,272 | -6,331 | -6,598 | -5,955 | -4,856 |
| EBITDA | 6,547 | 2,688 | 3,602 | 1,837 | 1,859 |
| Depreciation & amort. | -142 | -151 | -143 | -133 | -117 |
| EBIT | 6,405 | 2,537 | 3,459 | 1,704 | 1,742 |
| Net financials | 120 | 10 | 539 | 24 | 16 |
| Profit before tax | 6,525 | 2,547 | 3,997 | 1,728 | 1,758 |
| Tax | 1,407 | 561 | 767 | 381 | 401 |
| Net profit | 5,118 | 1,986 | 3,230 | 1,347 | 1,357 |
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 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 17,856 | 13,404 | 9,966 | 11,489 | 10,178 |
| Equity | 8,161 | 3,043 | 2,686 | 1,974 | 5,904 |
| Long-term debt | 597 | 271 | 586 | 258 | 282 |
| Short-term debt | 9,098 | 10,090 | 6,694 | 9,257 | 3,992 |
| Total debt | 9,695 | 10,361 | 7,281 | 9,515 | 4,274 |
Financial ratios
5-year trendEBITDA margin
20.0 %
20182022
Equity ratio
45.7 %
AverageAround the average of companies in the same industry
20182022
Return on equity
62.7 %
Very strongAmong the 20% highest rated companies in the industry
20182022
Net profit margin
15.6 %
Very strongAmong the 20% highest rated companies in the industry
20182022
Asset turnover
1.83×
AverageAround the average of companies in the same industry
20182022
Debt / equity
1.19×
AverageAround the average of companies in the same industry
20182022
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 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 strong
Among the 20% 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 marginVery strong
Among the 20% 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 20% 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 ratioVery strong
Among the 20% 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 ratioStrong
Among the 40% 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 ratioStrong
Among the 40% 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 40% 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 20% 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 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 ratioStrong
Among the 40% 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 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 debtVery strong
Among the 20% 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 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 20% highest 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 marginVery strong
Among the 20% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% highest 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 strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% 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 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 (1) | ||
KL Chief Executive Officer | Chief Executive Officer | 2008 |
Former (1)
LB Deputy Member | Deputy Member | 2017 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
PN Chairman | Chairman | 2023 |
KH Board of Directors | Board of Directors | 2023 |
OH Board of Directors | Board of Directors | 2023 |
Former (1)
KL Chairman | Chairman | 2017 – 2023 |
Shareholders
Active legal ownersOne 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
Ocab As
Løvoll AS Board network connections
Board members of Løvoll AS also hold positions in 38 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kyrre Løvoll | Chief Executive Officer | 12 companiesMany roles |
| Line Bertelsen Løvoll | Deputy Member | 8 companiesMany roles |
| Pål Nygaard | Chairman | 8 companiesMany roles |
| Ola Haldorsen | Board of Directors | 6 companiesMany roles |
| Kai Henning Alm | Board of Directors | 4 companies |
Frequently asked questions
What is the Org number of Løvoll AS?
Løvoll AS is registered with Brønnøysundsregistrene under Org 984960026.
What is the revenue of Løvoll AS?
Løvoll AS reported revenue of NOK 32.7m in 2022.
How many employees does Løvoll AS have?
Løvoll AS employs 26 people as of the latest annual report.
Who is the CEO of Løvoll AS?
Kyrre Løvoll is the CEO of Løvoll AS, in role since 2008.
Who is the chairman of Løvoll AS?
Pål Nygaard chairs the board of Løvoll AS, in role since 2023.
Where is Løvoll AS headquartered?
Løvoll AS's registered address is Moan 33.