VB Engelsviken Rør AS

ASDissolved

Org 995174472Seljeveien 3, 1661 RolvsøyPlumbing, heat and air-conditioning installation· NACE 4322Est. 2010 · 16 years old22 employees

Overview

VB Engelsviken Rør AS is a Norwegian AS based in Rolvsøy, operating in the Plumbing, heat and air-conditioning installation sector. Incorporated in 2010, the company has 22 employees and reported revenue of NOK 34.5m in its latest annual filing.

Revenue 2023

34.5M NOK

−8% vs 2022

EBITDA margin

3.2 %

−75% vs 2022

Net profit 2023

0.5M NOK

-85% vs 2022

Key ratios

See full ratios →

13.3 %

Weak

Among the 30% lowest rated companies in the industry

20192023

1.2×

Weak

Among the 40% lowest rated companies in the industry

20192023

4.1 %

Average

Around the average of companies in the same industry

20192023

EBITDA — year on year

NOK thousands

Key figures

Annual report 2023

Revenue	34.5M NOK	-8%
EBITDA	1.1M NOK	-75%
Net profit	0.5M NOK	-85%
Total assets	11.8M NOK	-30%
Equity	1.6M NOK	-4%
Employees	22	—

Financial development

In its most recent annual report (2023), VB Engelsviken Rør AS reported revenue of NOK 34.5m, a decrease of 8% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of NOK 480.6k, and the EBITDA margin stood at 3.2%.

At the end of 2023, equity financed 13.3% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2023	2022	2021	2020	2019
Revenue	34,453	37,377	38,955	38,967	40,763
Staff expenses	-13,041	-12,807	-13,215	-12,674	-13,624
EBITDA	1,105	4,394	4,013	4,220	1,811
Depreciation & amort.	-372	-355	-191	-40	-89
EBIT	733	4,039	3,822	4,180	1,722
Net financials	-112	3	181	109	37
Profit before tax	621	4,042	4,002	4,289	1,759
Tax	140	900	867	928	386
Net profit	481	3,143	3,135	3,361	1,373

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Balance sheet

NOK thousands

Item	2023	2022	2021	2020	2019
Total assets	11,813	16,770	15,631	14,216	11,770
Equity	1,574	1,638	4,496	3,861	3,500
Long-term debt	1,167	1,406	1,280	0	265
Short-term debt	9,071	13,726	9,856	10,355	8,005
Total debt	10,239	15,131	11,136	10,355	8,270

Financial ratios

5-year trend

EBITDA margin

3.2 %

20192023

Equity ratio

13.3 %

Weak

Among the 30% lowest rated companies in the industry

20192023

Return on equity

30.5 %

Strong

Among the 40% highest rated companies in the industry

20192023

Net profit margin

1.4 %

Average

Around the average of companies in the same industry

20192023

Asset turnover

2.92×

Strong

Among the 30% highest rated companies in the industry

20192023

Debt / equity

6.50×

Very weak

Among the 20% lowest rated companies in the industry

20192023

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginWeak

Among the 40% 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 marginAverage

Around the average of companies in the same 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 marginAverage

Around the average of companies in the same industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Strong

Among the 40% 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)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)Strong

Among the 40% 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)Average

Around the average of companies in the same industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioAverage

Around the average of companies in the same 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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% lowest 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 equityVery weak

Among the 10% 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 ratioVery strong

Among the 20% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 30% lowest 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 ratioWeak

Among the 30% lowest 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 weak

Among the 20% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery weak

Among the 20% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtAverage

Around the average of companies in the same industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtAverage

Around the average of companies in the same industry

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

Interest coverageAverage

Around the average of companies in the same industry

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

Interest rate on debtAverage

Around the average of companies in the same 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 turnoverStrong

Among the 30% 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 capitalWeak

Among the 40% 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 equityWeak

Among the 40% 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 20% 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 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
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

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 Engelsviken Rør AS?

VB Engelsviken Rør AS is registered with Brønnøysundsregistrene under Org 995174472.

What is the revenue of VB Engelsviken Rør AS?

VB Engelsviken Rør AS reported revenue of NOK 34.5m in 2023.

How many employees does VB Engelsviken Rør AS have?

VB Engelsviken Rør AS employs 22 people as of the latest annual report.

Where is VB Engelsviken Rør AS headquartered?

VB Engelsviken Rør AS's registered address is Seljeveien 3.