Handysize AS
ASDissolvedOrg 988367346Nils Hansens Vei 2B, 0666 OsloButikkhandel med bredt vareutvalg ellers· NACE 47190Est. 2005 · 21 years old0 employeeshttps://www.handysize.no
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Overview
Handysize AS is a Norwegian AS based in Oslo, operating in the Butikkhandel med bredt vareutvalg ellers sector. Incorporated in 2005, the company has 0 employees and reported revenue of NOK 16.7m in its latest annual filing.
Revenue 2019
16.7M NOK
−11% vs 2018
EBITDA margin
2.1 %
−70% vs 2018
Net profit 2019
0.2M NOK
-78% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
47.5 %
AverageAround the average of companies in the same industry
20152019
Liquidity ratioCurrent assets ÷ Short-term debt
1.8×
AverageAround the average of companies in the same industry
20152019
Return on assets (ROA)Net profit ÷ Total assets × 100
3.6 %
AverageAround the average of companies in the same industry
20152019
EBITDA — year on year
NOK thousandsKey figures
Annual report 2019| Revenue | 16.7M NOK | -11% |
| EBITDA | 0.4M NOK | -70% |
| Net profit | 0.2M NOK | -78% |
| Total assets | 4.7M NOK | -11% |
| Equity | 2.2M NOK | -15% |
| Employees | 0 | — |
Company information
Legal name
HANDYSIZE AS
Org number
988367346
Legal form
Aksjeselskap
NACE code
Founded
30 May 2005 · 21 years
Share capital
NOK 190,004
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2019-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Salg av små, lette og hendige produkter til reise, fritid og hverdag.
(no translation available)
Contact
Address
Nils Hansens Vei 2B, 0666 Oslo
Website
https://www.handysize.no
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Financial development
In its most recent annual report (2019), Handysize AS reported revenue of NOK 16.7m, a decrease of 11% on the year before. The figures on this page draw on 5 annual filings covering 2015 to 2019. The bottom line showed a net profit of NOK 168.6k, and the EBITDA margin stood at 2.1%.
At the end of 2019, equity financed 47.5% of the balance sheet, and current assets covered short-term debt 1.8 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | 16,677 | 18,731 | 18,885 | 19,646 | 19,348 |
| Staff expenses | -4,280 | -4,403 | -4,705 | -4,907 | -5,285 |
| EBITDA | 355 | 1,174 | 1,020 | 468 | -424 |
| Depreciation & amort. | -91 | -136 | -150 | -143 | -126 |
| EBIT | 264 | 1,038 | 870 | 325 | -550 |
| Net financials | -46 | -29 | -2 | 38 | 101 |
| Profit before tax | 218 | 1,009 | 868 | 363 | -448 |
| Tax | 49 | 232 | 212 | 97 | -107 |
| Net profit | 169 | 777 | 656 | 266 | -341 |
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Balance sheet
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Total assets | 4,704 | 5,314 | 6,316 | 7,772 | 7,781 |
| Equity | 2,237 | 2,638 | 3,571 | 2,916 | 4,929 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 2,468 | 2,676 | 2,745 | 4,856 | 2,852 |
| Total debt | 2,468 | 2,676 | 2,745 | 4,856 | 2,852 |
Financial ratios
5-year trendEBITDA margin
2.1 %
20152019
Equity ratio
47.5 %
AverageAround the average of companies in the same industry
20152019
Return on equity
7.5 %
AverageAround the average of companies in the same industry
20152019
Net profit margin
1.0 %
AverageAround the average of companies in the same industry
20152019
Asset turnover
3.55×
Very strongAmong the 20% highest rated companies in the industry
20152019
Debt / equity
1.10×
AverageAround the average of companies in the same industry
20152019
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% highest 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
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.
Return on net assets (RONA)Average
Around the average of companies in the same 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)Strong
Among the 40% 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 ratioAverage
Around the average of companies in the same 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 40% 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 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 capitalStrong
Among the 40% 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 ratioVery strong
Among the 10% highest rated companies in the 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 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 debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% 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 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.
Efficiency & development
Asset turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverAverage
Around the average of companies in the same 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 capitalStrong
Among the 40% 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 equityWeak
Among the 30% lowest 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.
Annual reports & filings
- 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
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
LK Chief Executive Officer | Chief Executive Officer | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
CB Board of Directors | Board of Directors | 2017 |
IØ Chairman | Chairman | 2017 |
Former (3)
NT Board of Directors | Board of Directors | 2017 – 2017 |
MG Board of Directors | Board of Directors | 2017 – 2017 |
SA Board of Directors | Board of Directors | 2017 – 2017 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 24.3% | 24.3% | 2020 | |
| Company | 50% | 50% | 2020 |
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Related companies
Company hierarchy
Reodor As
Handysize AS Board network connections
Board members of Handysize AS also hold positions in 40 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ingar Østby | Chairman | 30 companiesMany roles |
| Charlotte Bjørn Gamst | Board of Directors | 5 companies |
| Ståle André Schibbye | Board of Directors | 3 companies |
| Mette Grimsgaard | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Handysize AS?
Handysize AS is registered with Brønnøysundsregistrene under Org 988367346.
What is the revenue of Handysize AS?
Handysize AS reported revenue of NOK 16.7m in 2019.
Who is the CEO of Handysize AS?
Linn Kjørum Austlid is the CEO of Handysize AS, in role since 2016.
Who is the chairman of Handysize AS?
Ingar Østby chairs the board of Handysize AS, in role since 2017.
Where is Handysize AS headquartered?
Handysize AS's registered address is Nils Hansens Vei 2B.