VB Asp Rørservice AS

ASDissolved

Org 990964580Jæktskippergata 8, 7725 SteinkjerPlumbing, heat and air-conditioning installation· NACE 4322Est. 2007 · 19 years old10 employeeshttps://www.asprorservice.no

Overview

VB Asp Rørservice AS is a Norwegian AS based in Steinkjer, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2007, the company has 10 employees and reported revenue of NOK 14.1m in its latest annual filing.

Revenue 2022

14.1M NOK

+14% vs 2021

EBITDA margin

23.8 %

+24% vs 2021

Net profit 2022

2.5M NOK

+23% vs 2021

Key ratios

See full ratios →

49.1 %

Strong

Among the 40% highest rated companies in the industry

20182022

1.9×

Strong

Among the 40% highest rated companies in the industry

20182022

43.4 %

Very strong

Among the 10% highest rated companies in the industry

20182022

EBITDA — year on year

NOK thousands

Key figures

Annual report 2022

Revenue	14.1M NOK	+14%
EBITDA	3.3M NOK	+24%
Net profit	2.5M NOK	+23%
Total assets	5.9M NOK	+13%
Equity	2.9M NOK	+101%
Employees	10	—

Contact

Address

Jæktskippergata 8, 7725 Steinkjer

Website

https://www.asprorservice.no

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Financial development

In its most recent annual report (2022), VB Asp Rørservice AS reported revenue of NOK 14.1m, an increase of 14% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net profit of NOK 2.5m, and the EBITDA margin stood at 23.8%.

At the end of 2022, equity financed 49.1% of the balance sheet, and current assets covered short-term debt 1.9 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2022	2021	2020	2019	2018
Revenue	14,064	12,330	8,921	8,030	7,532
Staff expenses	-4,250	-3,452	-2,936	-2,910	-2,744
EBITDA	3,342	2,701	920	898	739
Depreciation & amort.	-71	-26	-9	-13	-13
EBIT	3,271	2,674	911	885	726
Net financials	-5	-4	-16	2	-18
Profit before tax	3,266	2,670	895	887	708
Tax	719	593	197	197	175
Net profit	2,547	2,077	698	690	532

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Balance sheet

NOK thousands

Item	2022	2021	2020	2019	2018
Total assets	5,875	5,192	3,613	3,024	3,089
Equity	2,886	1,439	1,562	1,463	1,273
Long-term debt	12	2	0	166	497
Short-term debt	2,977	3,751	2,051	1,396	1,319
Total debt	2,989	3,753	2,051	1,561	1,816

Financial ratios

5-year trend

EBITDA margin

23.8 %

20182022

Equity ratio

49.1 %

Strong

Among the 40% highest rated companies in the industry

20182022

Return on equity

88.3 %

Very strong

Among the 20% highest rated companies in the industry

20182022

Net profit margin

18.1 %

Very strong

Among the 20% highest rated companies in the industry

20182022

Asset turnover

2.39×

Strong

Among the 40% highest rated companies in the industry

20182022

Debt / equity

1.04×

Average

Around the average of companies in the same industry

20182022

Sector performance

28 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 strong

Among the 20% 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 marginVery strong

Among the 20% 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)Very strong

Among the 20% 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)Very strong

Among the 10% 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)Very strong

Among the 20% 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 10% 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 ratioVery strong

Among the 20% 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 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 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 ratioWeak

Among the 40% lowest 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 30% 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 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 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 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 10% highest rated companies in the industry

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

Interest coverageVery strong

Among the 10% highest 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 strong

Among the 10% 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.

Inventory turnoverStrong

Among the 40% highest rated companies in the 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 equityVery strong

Among the 10% highest 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 30% 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 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View PDF
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

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 VB Asp Rørservice AS?

VB Asp Rørservice AS is registered with Brønnøysundsregistrene under Org 990964580.

What is the revenue of VB Asp Rørservice AS?

VB Asp Rørservice AS reported revenue of NOK 14.1m in 2022.

How many employees does VB Asp Rørservice AS have?

VB Asp Rørservice AS employs 10 people as of the latest annual report.

Where is VB Asp Rørservice AS headquartered?

VB Asp Rørservice AS's registered address is Jæktskippergata 8.