Qflex AS

ASDissolved

Org 987704896Straumeveien 166, 5151 StraumsgrendUtleie av egen eller leid fast eiendom ellers· NACE 68209Est. 2005 · 21 years old2 employees

Overview

Qflex AS is a Norwegian AS based in Straumsgrend, operating in the Utleie av egen eller leid fast eiendom ellers sector. Incorporated in 2005, the company has 2 employees and reported revenue of NOK 1.9m in its latest annual filing.

Revenue 2021

1.9M NOK

+310% vs 2020

EBITDA margin

−67.5 %

−534% vs 2020

Net profit 2021

-1.3M NOK

-1119% vs 2020

Key ratios

See full ratios →

-317.8 %

Very weak

Among the 10% lowest rated companies in the industry

20172021

0.3×

Weak

Among the 30% lowest rated companies in the industry

20172021

-723.0 %

Very weak

Among the 10% lowest rated companies in the industry

20172021

EBITDA — year on year

NOK thousands

Key figures

Annual report 2021

Revenue	1.9M NOK	+310%
EBITDA	-1.3M NOK	-534%
Net profit	-1.3M NOK	-1119%
Total assets	0.2M NOK	-97%
Equity	-0.6M NOK	-178%
Employees	2	—

Financial development

In its most recent annual report (2021), Qflex AS reported revenue of NOK 1.9m, an increase of 310% 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 1.3m, and the EBITDA margin stood at -67.5%.

At the end of 2021, current assets covered short-term debt 0.3 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2021	2020	2019	2018	2017
Revenue	1,928	470	655	776	794
Staff expenses	-97	-0	-50	-32	-30
EBITDA	-1,300	300	331	538	415
Depreciation & amort.	-11	-3	-4	-5	-6
EBIT	-1,312	297	327	533	409
Net financials	-14	-128	-140	-123	-120
Profit before tax	-1,325	168	187	410	289
Tax	13	37	41	94	69
Net profit	-1,338	131	146	315	220

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Balance sheet

NOK thousands

Item	2021	2020	2019	2018	2017
Total assets	185	5,668	5,083	6,553	6,416
Equity	-588	750	750	1,001	1,024
Long-term debt	398	4,750	4,100	4,100	4,100
Short-term debt	375	168	233	1,451	1,291
Total debt	773	4,918	4,333	5,551	5,391

Financial ratios

5-year trend

EBITDA margin

-67.5 %

20172021

Equity ratio

-317.8 %

Very weak

Among the 10% lowest rated companies in the industry

20172021

Return on equity

—

20172021

Net profit margin

-69.4 %

Very weak

Among the 20% lowest rated companies in the industry

20172021

Asset turnover

10.41×

Very strong

Among the 10% highest rated companies in the industry

20172021

Debt / equity

—

20172021

Sector performance

21 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginVery weak

Among the 10% 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 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 ratioVery weak

Among the 10% 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 30% 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.

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.

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.

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 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.

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 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 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 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.

Annual reports & filings

Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Qflex AS?

Qflex AS is registered with Brønnøysundsregistrene under Org 987704896.

What is the revenue of Qflex AS?

Qflex AS reported revenue of NOK 1.9m in 2021.

How many employees does Qflex AS have?

Qflex AS employs 2 people as of the latest annual report.

Where is Qflex AS headquartered?

Qflex AS's registered address is Straumeveien 166.