Ohtech AS

Q: What is the Org number of Ohtech AS?

Ohtech AS is registered with Brønnøysundsregistrene under Org 990867763.

Q: What is the revenue of Ohtech AS?

Ohtech AS reported revenue of NOK 1.2k in 2023.

Q: Who is the chairman of Ohtech AS?

Ove Helland chairs the board of Ohtech AS.

Q: Where is Ohtech AS headquartered?

Ohtech AS's registered address is Karlslia 7.

ASDissolved

Org 990867763Karlslia 7, 5252 SøreidgrendEngineering activities and related technical consultancy· NACE 7112Est. 2007 · 19 years old0 employees

Overview

Ohtech AS is a Norwegian AS based in Søreidgrend, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2007, the company has 0 employees and reported revenue of NOK 1.2k in its latest annual filing.

Revenue 2023

1.2K NOK

−100% vs 2022

EBITDA margin

−35,841.2 %

−133% vs 2022

Net profit 2023

-532.2K NOK

-151% vs 2022

Key ratios

See full ratios →

91.3 %

Strong

Among the 30% highest rated companies in the industry

20192023

3.5×

Strong

Among the 40% highest rated companies in the industry

20192023

-79.4 %

Very weak

Among the 10% lowest rated companies in the industry

20192023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	1.2K NOK	-100%
EBITDA	-430.1K NOK	-133%
Net profit	-532.2K NOK	-151%
Total assets	670.1K NOK	-86%
Equity	611.9K NOK	-85%
Employees	0	—

Contact

Address

Karlslia 7, 5252 Søreidgrend

Phone

+47 90 99 76 53

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Financial development

In its most recent annual report (2023), Ohtech AS reported revenue of NOK 1.2k, a decrease of 100% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of NOK 532.2k, and the EBITDA margin stood at -35,841.2%.

At the end of 2023, equity financed 91.3% of the balance sheet, and current assets covered short-term debt 3.5 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022	2021	2020	2019
Revenue	1	2,762	1,620	1,765	2,679
Staff expenses	-366	-1,133	-1,095	-1,062	-886
EBITDA	-430	1,305	369	356	1,292
Depreciation & amort.	-125	-31	-0	-0	-0
EBIT	-555	1,274	369	356	1,292
Net financials	6	47	6	18	26
Profit before tax	-549	1,321	375	374	1,318
Tax	-16	285	81	81	290
Net profit	-532	1,035	294	293	1,027

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Balance sheet

NOK thousands

Item	2023	2022	2021	2020	2019
Total assets	670	4,780	3,491	3,839	4,054
Equity	612	4,144	3,109	3,315	3,147
Long-term debt	0	16	0	0	0
Short-term debt	58	619	382	525	908
Total debt	58	636	382	525	908

Financial ratios

5-year trend

EBITDA margin

<−999 %

20192023

Equity ratio

91.3 %

Strong

Among the 30% highest rated companies in the industry

20192023

Return on equity

-87.0 %

Very weak

Among the 10% lowest rated companies in the industry

20192023

Net profit margin

<−999 %

Very weak

Among the 10% lowest rated companies in the industry

20192023

Asset turnover

0.00×

Weak

Among the 30% lowest rated companies in the industry

20192023

Debt / equity

0.10×

Very strong

Among the 20% highest rated companies in the industry

20192023

Sector performance

27 of 28 ratios graded

28 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 marginVery weak

Among the 10% 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 10% 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)Very weak

Among the 10% 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)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.

Return on net assets (RONA)Very weak

Among the 10% 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)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 ratioWeak

Among the 30% 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.

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 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 equityVery strong

Among the 20% highest 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 capitalWeak

Among the 30% lowest 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 ratioWeak

Among the 30% lowest 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 30% 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 ratioVery strong

Among the 20% 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 equityVery strong

Among the 20% 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 30% 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 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 20% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% lowest 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 20% 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.

Efficiency & development

Asset turnoverWeak

Among the 30% lowest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

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 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 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
LN Linda Nytræ Deputy Member	Deputy Member	2007

Former (1)


OH Ove Helland Chief Executive Officer	Chief Executive Officer	2007 – 2024

Board of directors

Non-executive oversight

Name	Role	Member since
Current (1)
OH Ove Helland Chairman	Chairman	2007

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Ohtech AS also hold positions in 12 other companies.

Person	Role here	Other companies
Ove Helland	Chief Executive Officer	12 companiesMany roles

Frequently asked questions

What is the Org number of Ohtech AS?

Ohtech AS is registered with Brønnøysundsregistrene under Org 990867763.

What is the revenue of Ohtech AS?

Ohtech AS reported revenue of NOK 1.2k in 2023.

Who is the chairman of Ohtech AS?

Ove Helland chairs the board of Ohtech AS.

Where is Ohtech AS headquartered?

Ohtech AS's registered address is Karlslia 7.