Testify AS
ASDissolvedOrg 995440261Augestadveien 61, 1413 TårnåsenProgrammeringstjenester· NACE 62010Est. 2010 · 16 years old18 employeeshttps://www.testify.no
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Overview
Testify AS is a Norwegian AS based in Tårnåsen, operating in the Programmeringstjenester sector. Incorporated in 2010, the company has 18 employees and reported revenue of NOK 35.8m in its latest annual filing.
Revenue 2020
35.8M NOK
+8% vs 2019
EBITDA margin
13.2 %
−16% vs 2019
Net profit 2020
3.6M NOK
-19% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
29.1 %
WeakAmong the 40% lowest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
AverageAround the average of companies in the same industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
18.3 %
StrongAmong the 30% highest rated companies in the industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 35.8M NOK | +8% |
| EBITDA | 4.7M NOK | -16% |
| Net profit | 3.6M NOK | -19% |
| Total assets | 19.9M NOK | +12% |
| Equity | 5.8M NOK | -6% |
| Employees | 18 | — |
Company information
Legal name
TESTIFY AS
Org number
995440261
Legal form
Aksjeselskap
NACE code
62010 · Programmeringstjenester
Founded
23 March 2010 · 16 years
Share capital
NOK 148,110
Employees
18 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Utvikling og salg av software og tjenester innen informasjonsteknologi.
(no translation available)
Contact
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Financial development
In its most recent annual report (2020), Testify AS reported revenue of NOK 35.8m, an increase of 8% 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 3.6m, and the EBITDA margin stood at 13.2%.
At the end of 2020, equity financed 29.1% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 35,798 | 33,017 | 29,222 | 20,764 | 18,002 |
| Staff expenses | -22,604 | -20,134 | -17,659 | -14,251 | -11,579 |
| EBITDA | 4,711 | 5,633 | 5,416 | 4,276 | 4,021 |
| Depreciation & amort. | -73 | -73 | -12 | -3 | -12 |
| EBIT | 4,638 | 5,560 | 5,404 | 4,273 | 4,009 |
| Net financials | 17 | 15 | 7 | 7 | 3 |
| Profit before tax | 4,655 | 5,575 | 5,411 | 4,280 | 4,013 |
| Tax | 1,023 | 1,105 | 1,170 | 951 | 1,004 |
| Net profit | 3,632 | 4,470 | 4,241 | 3,328 | 3,008 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 19,891 | 17,779 | 16,792 | 13,303 | 10,857 |
| Equity | 5,789 | 6,157 | 5,187 | 4,446 | 4,117 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 14,098 | 11,612 | 11,592 | 8,857 | 6,739 |
| Total debt | 14,102 | 11,622 | 11,605 | 8,857 | 6,739 |
Financial ratios
5-year trendEBITDA margin
13.2 %
20162020
Equity ratio
29.1 %
WeakAmong the 40% lowest rated companies in the industry
20162020
Return on equity
62.7 %
Very strongAmong the 20% highest rated companies in the industry
20162020
Net profit margin
10.1 %
StrongAmong the 40% highest rated companies in the industry
20162020
Asset turnover
1.80×
StrongAmong the 30% highest rated companies in the industry
20162020
Debt / equity
2.44×
WeakAmong the 30% lowest rated companies in the industry
20162020
Sector performance
26 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 marginStrong
Among the 40% 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 marginStrong
Among the 40% 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)Strong
Among the 30% 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 20% 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 ratioStrong
Among the 30% 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 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 equityVery weak
Among the 20% 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 40% 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 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 equityWeak
Among the 30% 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 equityWeak
Among the 30% 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 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 debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% 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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
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.
Equity to contributed capitalVery strong
Among the 20% highest 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 debtWeak
Among the 40% lowest 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 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 business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
AP Deputy Member | Deputy Member | 2013 |
EA Chief Executive Officer | Chief Executive Officer | 2010 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
OH Chairman | Chairman | 2013 |
EA Board of Directors | Board of Directors | 2013 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 30% | 30% | 2020 |
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Company hierarchy
Simula Innovation As
Testify AS Board network connections
Board members of Testify AS also hold positions in 47 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Arisholm | Chief Executive Officer | 25 companiesMany roles |
| Ottar Hovind | Chairman | 22 companiesMany roles |
Frequently asked questions
What is the Org number of Testify AS?
Testify AS is registered with Brønnøysundsregistrene under Org 995440261.
What is the revenue of Testify AS?
Testify AS reported revenue of NOK 35.8m in 2020.
How many employees does Testify AS have?
Testify AS employs 18 people as of the latest annual report.
Who is the CEO of Testify AS?
Erik Arisholm is the CEO of Testify AS.
Who is the chairman of Testify AS?
Ottar Hovind chairs the board of Testify AS, in role since 2013.
Where is Testify AS headquartered?
Testify AS's registered address is Augestadveien 61.