Solid Utbygging AS
ASDissolvedOrg 991801561Sofus Jørgensens Veg 5, 6415 MoldeUtvikling og salg av egen fast eiendom ellers· NACE 41109Est. 2007 · 18 years old0 employeeshttps://www.solidutbygging.no
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Overview
Solid Utbygging AS is a Norwegian AS based in Molde, operating in the Utvikling og salg av egen fast eiendom ellers sector. Incorporated in 2007, the company has 0 employees and reported revenue of NOK 1.5m in its latest annual filing.
Revenue 2020
1.5M NOK
+27% vs 2019
EBITDA margin
−0.8 %
+97% vs 2019
Net profit 2020
0.4M NOK
+183% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
65.8 %
StrongAmong the 30% highest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
11.6×
Very strongAmong the 10% highest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
5.3 %
AverageAround the average of companies in the same industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 1.5M NOK | +27% |
| EBITDA | -0M NOK | +97% |
| Net profit | 0.4M NOK | +183% |
| Total assets | 7.1M NOK | +7% |
| Equity | 4.7M NOK | +9% |
| Employees | 0 | — |
Company information
Legal name
SOLID UTBYGGING AS
Org number
991801561
Legal form
Aksjeselskap
NACE code
Founded
3 October 2007 · 18 years
Share capital
NOK 4,000,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Kjøp, utvikling og salg av fast eiendom og kapitalvarer. Selskapet kan ved aksjetegning eller på annen måte sikre seg interesser i andre selskaper.
(no translation available)
Contact
Address
Sofus Jørgensens Veg 5, 6415 Molde
Website
https://www.solidutbygging.no
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Financial development
In its most recent annual report (2020), Solid Utbygging AS reported revenue of NOK 1.5m, an increase of 27% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of NOK 377.9k, and the EBITDA margin stood at -0.8%.
At the end of 2020, equity financed 65.8% of the balance sheet, and current assets covered short-term debt 11.6 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 1,471 | 1,155 | 2,340 | 6,898 | 17,110 |
| Staff expenses | -308 | -553 | -609 | -1,619 | -2,104 |
| EBITDA | -12 | -456 | 893 | 809 | 1,881 |
| Depreciation & amort. | -47 | -55 | -55 | -45 | -70 |
| EBIT | -60 | -511 | 838 | 765 | 1,811 |
| Net financials | 544 | -73 | 131 | 3,078 | -109 |
| Profit before tax | 484 | -584 | 969 | 3,843 | 1,702 |
| Tax | 107 | -128 | 228 | 788 | 492 |
| Net profit | 378 | -455 | 742 | 3,055 | 1,211 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 7,137 | 6,666 | 7,257 | 6,762 | 8,119 |
| Equity | 4,695 | 4,318 | 4,773 | 4,031 | 976 |
| Long-term debt | 2,097 | 2,097 | 2,026 | 1,957 | 1,968 |
| Short-term debt | 345 | 251 | 458 | 773 | 5,175 |
| Total debt | 2,442 | 2,348 | 2,484 | 2,730 | 7,143 |
Financial ratios
5-year trendEBITDA margin
-0.8 %
20162020
Equity ratio
65.8 %
StrongAmong the 30% highest rated companies in the industry
20162020
Return on equity
8.0 %
AverageAround the average of companies in the same industry
20162020
Net profit margin
25.7 %
Very strongAmong the 10% highest rated companies in the industry
20162020
Asset turnover
0.21×
WeakAmong the 30% lowest rated companies in the industry
20162020
Debt / equity
0.52×
StrongAmong the 30% highest rated companies in the industry
20162020
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% 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 30% 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 strong
Among the 10% 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)Average
Around the average of companies in the same 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)Average
Around the average of companies in the same 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)Weak
Among the 40% 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 ratioVery strong
Among the 10% 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 ratioVery weak
Among the 20% 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 equityStrong
Among the 30% 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 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 ratioVery weak
Among the 20% 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 debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% 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 10% 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 strong
Among the 20% highest rated companies in the 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 turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 10% 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 capitalWeak
Among the 30% lowest 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 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 debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- 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
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversightNo data on file.
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Solid Utbygging AS Frequently asked questions
What is the Org number of Solid Utbygging AS?
Solid Utbygging AS is registered with Brønnøysundsregistrene under Org 991801561.
What is the revenue of Solid Utbygging AS?
Solid Utbygging AS reported revenue of NOK 1.5m in 2020.
Where is Solid Utbygging AS headquartered?
Solid Utbygging AS's registered address is Sofus Jørgensens Veg 5.