Bloc AS
ASActiveOrg 988820768Sandakerveien 64, 0484 OsloComputing infrastructure, data processing, hosting and related activities· NACE 6310Est. 2005 · 20 years old11 employeeshttps://www.bloc.net
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Overview
Bloc AS is a Norwegian AS based in Oslo, operating in the Computing infrastructure, data processing, hosting and related activities sector. Incorporated in 2005, the company has 11 employees and reported revenue of NOK 8.6m in its latest annual filing.
Revenue 2024
8.6M NOK
+14% vs 2023
EBITDA margin
21.8 %
+589% vs 2023
Net profit 2024
1.7M NOK
+392% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
76.0 %
StrongAmong the 40% highest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
3.8×
StrongAmong the 30% highest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
22.9 %
StrongAmong the 30% highest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 8.6M NOK | +14% |
| EBITDA | 1.9M NOK | +589% |
| Net profit | 1.7M NOK | +392% |
| Total assets | 7.6M NOK | -6% |
| Equity | 5.8M NOK | +37% |
| Employees | 11 | — |
Company information
Legal name
BLOC AS
Org number
988820768
Legal form
Aksjeselskap
Founded
17 October 2005 · 20 years
Share capital
NOK 125,580
Employees
11 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder alene. Styrets leder alene.
Company purpose
Kommunikasjon samt kjøp og salg av tjenester og varer. I tillegg arrangeres events i inn og utland.
(no translation available)
Contact
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Financial development
In its most recent annual report (2024), Bloc AS reported revenue of NOK 8.6m, an increase of 14% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 1.7m, and the EBITDA margin stood at 21.8%.
At the end of 2024, equity financed 76% of the balance sheet, and current assets covered short-term debt 3.8 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 8,616 | 7,585 | 6,721 | 5,913 | 7,548 |
| Staff expenses | -3,254 | -3,567 | -3,246 | -2,852 | -1,993 |
| EBITDA | 1,875 | 272 | 138 | 220 | 2,252 |
| Depreciation & amort. | -0 | -4 | -5 | -5 | -1 |
| EBIT | 1,875 | 268 | 133 | 214 | 2,251 |
| Net financials | -129 | 87 | 128 | 178 | 447 |
| Profit before tax | 1,746 | 355 | 261 | 393 | 2,697 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | 1,746 | 355 | 261 | 393 | 2,697 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 7,633 | 8,112 | 8,176 | 7,195 | 6,566 |
| Equity | 5,802 | 4,234 | 4,633 | 4,372 | 3,979 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,830 | 3,879 | 3,543 | 2,823 | 2,587 |
| Total debt | 1,830 | 3,879 | 3,543 | 2,823 | 2,587 |
Financial ratios
5-year trendEBITDA margin
21.8 %
20202024
Equity ratio
76.0 %
StrongAmong the 40% highest rated companies in the industry
20202024
Return on equity
30.1 %
StrongAmong the 40% highest rated companies in the industry
20202024
Net profit margin
20.3 %
StrongAmong the 30% highest rated companies in the industry
20202024
Asset turnover
1.13×
StrongAmong the 40% highest rated companies in the industry
20202024
Debt / equity
0.32×
StrongAmong the 40% highest rated companies in the industry
20202024
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 30% 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 30% 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)Strong
Among the 40% 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)Strong
Among the 30% 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)Strong
Among the 40% 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 20% 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 30% 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 30% 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 30% 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 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 equityAverage
Around the average of companies in the same 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 capitalAverage
Around the average of companies in the same 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 ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% 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 ratioStrong
Among the 30% 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 equityStrong
Among the 40% 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 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 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 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 20% 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 equityStrong
Among the 30% highest 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.
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 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JL Chief Executive Officer | Chief Executive Officer | 2013 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
JL Chairman | Chairman | 2018 |
ØK Board of Directors | Board of Directors | 2018 |
OM Board of Directors | Board of Directors | 2018 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 10.37% | 10.37% | 2025 | |
| Company | 5% | 5% | 2025 | |
Via Gruppen Ab | Company | 5% | 5% | 2025 |
| Individual | 4.4% | 4.4% | 2023 |
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Company hierarchy
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Bloc AS Board network connections
Board members of Bloc AS also hold positions in 17 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Joakim Lund Rangel | Chief Executive Officer | 7 companiesMany roles |
| Øyvind Kildal Stangnes | Board of Directors | 5 companies |
| Ole Marius Espeset Løset | Board of Directors | 5 companies |
Frequently asked questions
What is the Org number of Bloc AS?
Bloc AS is registered with Brønnøysundsregistrene under Org 988820768.
What is the revenue of Bloc AS?
Bloc AS reported revenue of NOK 8.6m in 2024.
How many employees does Bloc AS have?
Bloc AS employs 11 people as of the latest annual report.
Who is the CEO of Bloc AS?
Joakim Lund Rangel is the CEO of Bloc AS, in role since 2013.
Who is the chairman of Bloc AS?
Joakim Lund Rangel chairs the board of Bloc AS, in role since 2018.
Where is Bloc AS headquartered?
Bloc AS's registered address is Sandakerveien 64.