Agder Engineering AS

ASDissolved

Org 989247794Ystadvegen 41, 7670 InderøyEngineering activities and related technical consultancy· NACE 7112Est. 2006 · 20 years old0 employeeshttps://www.agderengineering.no

Overview

Agder Engineering AS is a Norwegian AS based in Inderøy, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2006, the company has 0 employees and reported revenue of NOK 1.2m in its latest annual filing.

Revenue 2021

1.2M NOK

+188% vs 2020

EBITDA margin

1.8 %

+143% vs 2020

Net profit 2021

0M NOK

+143% vs 2020

Key ratios

See full ratios →

79.1 %

Strong

Among the 40% highest rated companies in the industry

20172021

4.8×

Strong

Among the 30% highest rated companies in the industry

20172021

2.4 %

Average

Around the average of companies in the same industry

20172021

EBITDA — year on year

NOK thousands

Key figures

Annual report 2021

Revenue	1.2M NOK	+188%
EBITDA	0M NOK	+143%
Net profit	0M NOK	+143%
Total assets	0.9M NOK	+27%
Equity	0.7M NOK	+3%
Employees	0	—

Contact

Address

Ystadvegen 41, 7670 Inderøy

Website

https://www.agderengineering.no

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Financial development

In its most recent annual report (2021), Agder Engineering AS reported revenue of NOK 1.2m, an increase of 188% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of NOK 22.4k, and the EBITDA margin stood at 1.8%.

At the end of 2021, equity financed 79.1% of the balance sheet, and current assets covered short-term debt 4.8 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2021	2020	2019	2018	2017
Revenue	1,219	423	1,900	2,399	286
Staff expenses	-11	-0	-16	-7	-2
EBITDA	23	-53	13	208	-83
Depreciation & amort.	-0	-0	-1	-9	-132
EBIT	23	-53	12	199	-215
Net financials	-0	-0	0	-0	1
Profit before tax	22	-53	12	199	-214
Tax	-0	-0	-0	-0	-0
Net profit	22	-53	12	199	-214

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Balance sheet

NOK thousands

Item	2021	2020	2019	2018	2017
Total assets	946	742	796	766	568
Equity	749	726	779	767	568
Long-term debt	0	0	0	0	0
Short-term debt	197	16	18	-1	-0
Total debt	197	16	18	-1	-0

Financial ratios

5-year trend

EBITDA margin

1.8 %

20172021

Equity ratio

79.1 %

Strong

Among the 40% highest rated companies in the industry

20172021

Return on equity

3.0 %

Weak

Among the 40% lowest rated companies in the industry

20172021

Net profit margin

1.8 %

Weak

Among the 40% lowest rated companies in the industry

20172021

Asset turnover

1.29×

Strong

Among the 40% highest rated companies in the industry

20172021

Debt / equity

0.26×

Strong

Among the 40% highest rated companies in the industry

20172021

Sector performance

28 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 marginWeak

Among the 40% 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 marginWeak

Among the 40% 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 equity (ROE)Weak

Among the 40% lowest 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)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)Weak

Among the 40% lowest 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)Average

Around the average of companies in the same 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 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 capitalVery strong

Among the 10% 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 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 equityStrong

Among the 40% 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 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 debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 30% 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 turnoverStrong

Among the 40% 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 capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

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

Name	Role	Member since
Current (1)
AS Arve Stenstad Chief Executive Officer	Chief Executive Officer	2022

Former (2)


NR Nils Randulf Kristiansen Chief Executive Officer	Chief Executive Officer	2006 – 2022
HK Heather Kristiansen Deputy Member	Deputy Member	2006 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
ST Svein Trollsås Chairman	Chairman	2022
AS Arve Stenstad Board of Directors	Board of Directors	2022

Former (1)


NR Nils Randulf Kristiansen Chairman	Chairman	2006 – 2022

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Agder Engineering AS also hold positions in 17 other companies.

Person	Role here	Other companies
Arve Stenstad	Chief Executive Officer	7 companiesMany roles
Svein Trollsås	Chairman	6 companiesMany roles
Nils Randulf Kristiansen	Chief Executive Officer	3 companies
Heather Kristiansen	Deputy Member	1 company

Frequently asked questions

What is the Org number of Agder Engineering AS?

Agder Engineering AS is registered with Brønnøysundsregistrene under Org 989247794.

What is the revenue of Agder Engineering AS?

Agder Engineering AS reported revenue of NOK 1.2m in 2021.

Who is the CEO of Agder Engineering AS?

Arve Stenstad is the CEO of Agder Engineering AS, in role since 2022.

Who is the chairman of Agder Engineering AS?

Svein Trollsås chairs the board of Agder Engineering AS, in role since 2022.

Where is Agder Engineering AS headquartered?

Agder Engineering AS's registered address is Ystadvegen 41.