Zwipe AS
ASDissolvedOrg 994553607Henrik Ibsens Gate 90, 0255 OsloEngineering activities and related technical consultancy· NACE 7112Est. 2009 · 17 years old0 employeeshttps://www.zwipe.com
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Overview
Zwipe AS is a Norwegian AS based in Oslo, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2009, the company has 0 employees and reported revenue of NOK 2.1m in its latest annual filing.
Revenue 2023
2.1M NOK
−37% vs 2022
EBITDA margin
−4,733.7 %
+6% vs 2022
Net profit 2023
-101.5M NOK
+5% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
59.9 %
AverageAround the average of companies in the same industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
2.2×
AverageAround the average of companies in the same industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-111.2 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
EBITDA — year on year
NOK millionsKey figures
Annual report 2023| Revenue | 2.1M NOK | -37% |
| EBITDA | -99.3M NOK | +6% |
| Net profit | -101.5M NOK | +5% |
| Total assets | 91.2M NOK | +43% |
| Equity | 54.7M NOK | +19% |
| Employees | 0 | — |
Company information
Legal name
ZWIPE AS
Org number
994553607
Legal form
Aksjeselskap
NACE code
Founded
8 September 2009 · 17 years
Share capital
NOK 27,772,584
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Daglig leder alene, styrets leder alene, eller to styremedlemmer i fellesskap.
Company purpose
Zwipe skal utvikle løsninger som gir sikker, rask og enkel identifisering av personer ved hjelp av biometri. Løsningene kan benyttes på en mengde hw plattformer, så som kort, telefoner, pc-er eller et hvilket som helst utstyr som kan være bærer av våre løsninger. Selskapet søker å utvikle nye løsninger, og vil ta del i investeringsvirksomhet, konsulentvirksomhet og utviklingsvirksomhet og andre relevante aktiviteter i relevante markeder.
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Contact
Address
Henrik Ibsens Gate 90, 0255 Oslo
Phone
+47 93 04 40 40
Email
info@zwipe.com
Website
https://www.zwipe.com
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Financial development
In its most recent annual report (2023), Zwipe AS reported revenue of NOK 2.1m, a decrease of 37% 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 101.5m, and the EBITDA margin stood at -4,733.7%.
At the end of 2023, equity financed 59.9% of the balance sheet, and current assets covered short-term debt 2.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 2,097 | 3,353 | 1,943 | 1,655 | 1,517 |
| Staff expenses | -12,964 | -21,069 | -20,258 | -11,894 | -14,072 |
| EBITDA | -99,266 | -105,955 | -75,706 | -60,415 | -92,764 |
| Depreciation & amort. | -2,567 | -1,876 | -8,225 | -1,990 | -3,305 |
| EBIT | -101,833 | -107,831 | -83,931 | -62,405 | -96,069 |
| Net financials | 357 | 468 | -323 | 17 | 305 |
| Profit before tax | -101,476 | -107,363 | -84,254 | -62,388 | -95,764 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -101,476 | -107,363 | -84,254 | -62,388 | -95,764 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 91,229 | 63,947 | 160,135 | 131,308 | 107,095 |
| Equity | 54,657 | 45,748 | 143,092 | 117,982 | 75,961 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 36,572 | 18,199 | 17,043 | 13,326 | 31,134 |
| Total debt | 36,572 | 18,199 | 17,043 | 13,326 | 31,134 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20192023
Equity ratio
59.9 %
AverageAround the average of companies in the same industry
20192023
Return on equity
-185.7 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
Net profit margin
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
Asset turnover
0.02×
WeakAmong the 40% lowest rated companies in the industry
20192023
Debt / equity
0.67×
AverageAround the average of companies in the same industry
20192023
Sector performance
28 of 28 ratios graded28 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 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 ratioAverage
Around the average of companies in the same 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 ratioAverage
Around the average of companies in the same 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 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 ratioWeak
Among the 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same 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 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 debtVery weak
Among the 20% 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 10% 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 40% 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 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 equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 20% 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 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
RP Chief Executive Officer | Chief Executive Officer | 2022 |
ES | Trustee | 2025 |
Former (1)
AP Chief Executive Officer | Chief Executive Officer | 2018 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
SJ Chairman | Chairman | 2020 |
RJ Board of Directors | Board of Directors | 2023 |
DL Board of Directors | Board of Directors | 2023 |
DJ Board of Directors | Board of Directors | 2020 |
Former (7)
DM Board of Directors | Board of Directors | 2020 – 2022 |
CJ Board of Directors | Board of Directors | 2020 – 2023 |
TJ Board of Directors | Board of Directors | 2022 – 2024 |
DC Board of Directors | Board of Directors | 2020 – 2023 |
PE Board of Directors | Board of Directors | 2020 – 2022 |
AC Board of Directors | Board of Directors | 2023 – 2024 |
SE Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 1.24% | 1.24% | 2024 | |
| Company | 0.73% | 0.73% | 2024 | |
Dnb Bank Asa, Emisjoner | Company | 10.48% | 10.48% | 2024 |
Avanza Bank Ab | Company | 0.86% | 0.86% | 2024 |
| Company | 2% | 2% | 2024 | |
| Company | 0.23% | 0.23% | 2024 | |
| Company | 1.24% | 1.24% | 2024 | |
Six Sis Ag | Company | 61.17% | 61.17% | 2024 |
| Company | 0.76% | 0.76% | 2024 | |
Union Bancaire Privee, Ubp Sa | Company | 2.39% | 2.39% | 2024 |
| Company | 5.38% | 5.38% | 2020 | |
Skandinaviska Enskilda Banken Ab | Company | 1.59% | 1.59% | 2024 |
Nordnet Bank Ab | Company | 0.83% | 0.83% | 2024 |
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Company hierarchy
Concito As0.73%Dnb Bank Asa, Emisjoner10.48%Avanza Bank Ab0.86%Telecom As0.23%Prinvest As1.24%Six Sis Ag61.17%Union Bancaire Privee, Ubp Sa2.39%Skandinaviska Enskilda Banken Ab1.59%Nordnet Bank Ab0.83%
Zwipe AS (this company)Board network connections
Board members of Zwipe AS also hold positions in 181 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ellen Synnøve Schult Ulriksen | Trustee | 173 companiesMany roles |
| Pål Eivind Vegard | Board of Directors | 5 companies |
| Andre Piszczkowski Løvestam | Chief Executive Officer | 3 companies |
Frequently asked questions
What is the Org number of Zwipe AS?
Zwipe AS is registered with Brønnøysundsregistrene under Org 994553607.
What is the revenue of Zwipe AS?
Zwipe AS reported revenue of NOK 2.1m in 2023.
Who is the CEO of Zwipe AS?
Robert Puskaric is the CEO of Zwipe AS, in role since 2022.
Who is the chairman of Zwipe AS?
Sven Jörgen Lantto chairs the board of Zwipe AS, in role since 2020.
Where is Zwipe AS headquartered?
Zwipe AS's registered address is Henrik Ibsens Gate 90.