Simula Learning AS
ASDissolvedOrg 991435646Kristian Augusts Gate 23, 0164 OsloAnnen forskning og annet utviklingsarbeid innen naturvitenskap og teknikk· NACE 72190Est. 2007 · 19 years old0 employeeshttps://simula.no
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Overview
Simula Learning AS is a Norwegian AS based in Oslo, operating in the Annen forskning og annet utviklingsarbeid innen naturvitenskap og teknikk sector. Incorporated in 2007, the company has 0 employees and reported revenue of NOK 2.1m in its latest annual filing.
Revenue 2022
2.1M NOK
−88% vs 2021
EBITDA margin
−212.8 %
−82% vs 2021
Net profit 2022
-5.5M NOK
-156% vs 2021
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
86.2 %
StrongAmong the 30% highest rated companies in the industry
20182022
Liquidity ratioCurrent assets ÷ Short-term debt
7.2×
StrongAmong the 30% highest rated companies in the industry
20182022
Return on assets (ROA)Net profit ÷ Total assets × 100
-57.0 %
Very weakAmong the 20% lowest rated companies in the industry
20182022
EBITDA — year on year
NOK thousandsKey figures
Annual report 2022| Revenue | 2.1M NOK | -88% |
| EBITDA | -4.4M NOK | -82% |
| Net profit | -5.5M NOK | -156% |
| Total assets | 9.7M NOK | -53% |
| Equity | 8.3M NOK | -35% |
| Employees | 0 | — |
Company information
Legal name
SIMULA LEARNING AS
Org number
991435646
Legal form
Aksjeselskap
Founded
8 May 2007 · 19 years
Share capital
NOK 1,546,100
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Drive opplæring innen digital kompetanse og utvikling av ikt-didaktikk i samarbeid med forskere i simula-konsernet og andre virksomheter.
(no translation available)
Contact
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Financial development
In its most recent annual report (2022), Simula Learning AS reported revenue of NOK 2.1m, a decrease of 88% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of NOK 5.5m, and the EBITDA margin stood at -212.8%.
At the end of 2022, equity financed 86.2% of the balance sheet, and current assets covered short-term debt 7.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 2,069 | 17,545 | 35,067 | 37,895 | 37,810 |
| Staff expenses | -4,807 | -9,527 | -24,842 | -25,131 | -26,227 |
| EBITDA | -4,403 | -2,425 | 758 | -587 | 910 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -4,403 | -2,425 | 758 | -587 | 910 |
| Net financials | -1,096 | 273 | 101 | -15 | -26 |
| Profit before tax | -5,499 | 0 | 0 | 0 | 0 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -5,499 | -2,151 | 859 | -602 | 883 |
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Balance sheet
NOK thousands| Item | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Total assets | 9,655 | 20,509 | 23,726 | 24,491 | 17,835 |
| Equity | 8,320 | 12,753 | 14,905 | 14,046 | 9,648 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,335 | 7,756 | 8,821 | 10,445 | 8,187 |
| Total debt | 1,335 | 7,756 | 8,821 | 10,445 | 8,187 |
Financial ratios
5-year trendEBITDA margin
-212.8 %
20182022
Equity ratio
86.2 %
StrongAmong the 30% highest rated companies in the industry
20182022
Return on equity
-66.1 %
Very weakAmong the 10% lowest rated companies in the industry
20182022
Net profit margin
-265.8 %
Very weakAmong the 10% lowest rated companies in the industry
20182022
Asset turnover
0.21×
AverageAround the average of companies in the same industry
20182022
Debt / equity
0.16×
StrongAmong the 30% highest rated companies in the industry
20182022
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 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 20% 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 20% 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 40% 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 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 ratioVery strong
Among the 20% 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 ratioVery strong
Among the 20% 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 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 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 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 30% 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 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 coverageWeak
Among the 30% lowest rated companies in the 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 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 turnoverAverage
Around the average of companies in the same 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 20% 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 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
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
EW Deputy Member | Deputy Member | 2021 |
Former (5)
SK Deputy Member | Deputy Member | 2019 – 2021 |
MA Chief Executive Officer | Chief Executive Officer | 2017 – 2023 |
AJ Deputy Member | Deputy Member | 2019 – 2021 |
KM Deputy Member | Deputy Member | 2019 – 2021 |
MK Deputy Member | Deputy Member | 2019 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
KL Board of Directors | Board of Directors | 2019 |
IJ Board of Directors | Board of Directors | 2022 |
TG Board of Directors | Board of Directors | 2019 |
HK Board of Directors | Board of Directors | 2019 |
MM Chairman | Chairman | 2019 |
Former (4)
RS Board of Directors | Board of Directors | 2019 – 2022 |
DM Board of Directors | Board of Directors | 2019 – 2021 |
HS Board of Directors | Board of Directors | 2019 – 2021 |
JV Board of Directors | Board of Directors | 2019 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 90.76% | 90.76% | 2022 | |
| Company | 9.24% | 9.24% | 2022 |
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Company hierarchy
Simula Research Laboratory As
Simula Learning AS Board network connections
Board members of Simula Learning AS also hold positions in 37 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tore Gulli | Board of Directors | 7 companiesMany roles |
| Håkon Kvale Stensland | Board of Directors | 7 companiesMany roles |
| Roger Sollie | Board of Directors | 5 companies |
| Marianne Aasen | Chief Executive Officer | 4 companies |
| Dagfinn Myhre | Board of Directors | 4 companies |
| Inge Jan Henjesand | Board of Directors | 3 companies |
| Sebastian Kenji Mitusch | Deputy Member | 2 companies |
| Kyrre Lekve | Board of Directors | 2 companies |
| Alban Jean-Rene Souche | Deputy Member | 1 company |
| Kimberly Mc Cabe | Deputy Member | 1 company |
| Jonas Van Den Brink | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Simula Learning AS?
Simula Learning AS is registered with Brønnøysundsregistrene under Org 991435646.
What is the revenue of Simula Learning AS?
Simula Learning AS reported revenue of NOK 2.1m in 2022.
Who is the chairman of Simula Learning AS?
Marianne Mellingsæter Sundet chairs the board of Simula Learning AS, in role since 2019.
Where is Simula Learning AS headquartered?
Simula Learning AS's registered address is Kristian Augusts Gate 23.