Watertools AS
ASDissolvedOrg 997287401Mjåvannsvegen 106, 4628 Kristiansand SManufacture of cutlery· NACE 2561Est. 2011 · 15 years old0 employees
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Overview
Watertools AS is a Norwegian AS based in Kristiansand S, operating in the Manufacture of cutlery sector. Incorporated in 2011, the company has 0 employees and reported revenue of NOK 4.9m in its latest annual filing.
Revenue 2019
4.9M NOK
0% vs 2018
EBITDA margin
26.0 %
+813% vs 2018
Net profit 2019
0.7M NOK
+278% vs 2018
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
3.1 %
Very weakAmong the 20% lowest rated companies in the industry
20152019
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20152019
Return on assets (ROA)Net profit ÷ Total assets × 100
24.1 %
Very strongAmong the 20% highest rated companies in the industry
20152019
EBITDA — year on year
NOK thousandsKey figures
Annual report 2019| Revenue | 4.9M NOK | 0% |
| EBITDA | 1.3M NOK | +813% |
| Net profit | 0.7M NOK | +278% |
| Total assets | 3M NOK | 0% |
| Equity | 0.1M NOK | +115% |
| Employees | 0 | — |
Company information
Legal name
WATERTOOLS AS
Org number
997287401
Legal form
Aksjeselskap
NACE code
2561 · Manufacture of cutlery
Founded
19 August 2011 · 15 years
Share capital
NOK 200,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2019-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Overflatebehandling, rengjøring og kutting med vann under høyt trykk samt hva ellers står i forbindelse.
(no translation available)
Address
Mjåvannsvegen 106, 4628 Kristiansand S
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Financial development
In its most recent annual report (2019), Watertools AS reported revenue of NOK 4.9m, broadly in line with the year before. The figures on this page draw on 5 annual filings covering 2015 to 2019. The bottom line showed a net profit of NOK 733.6k, and the EBITDA margin stood at 26%.
At the end of 2019, equity financed 3.1% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | 4,948 | 4,964 | 5,717 | 5,339 | 4,056 |
| Staff expenses | -2,188 | -2,709 | -2,481 | -2,362 | -1,943 |
| EBITDA | 1,286 | -180 | -653 | 522 | 115 |
| Depreciation & amort. | -359 | -132 | -68 | -44 | -51 |
| EBIT | 927 | -312 | -721 | 478 | 64 |
| Net financials | -194 | -101 | -59 | -39 | -43 |
| Profit before tax | 734 | -413 | -780 | 439 | 21 |
| Tax | -0 | -0 | -8 | 96 | 13 |
| Net profit | 734 | -413 | -772 | 343 | 8 |
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Balance sheet
NOK thousands| Item | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Total assets | 3,039 | 3,034 | 1,862 | 1,172 | 958 |
| Equity | 93 | -641 | -227 | 544 | 257 |
| Long-term debt | 1,801 | 1,939 | 0 | 8 | 0 |
| Short-term debt | 1,145 | 1,736 | 2,090 | 620 | 701 |
| Total debt | 2,946 | 3,675 | 2,090 | 628 | 701 |
Financial ratios
5-year trendEBITDA margin
26.0 %
20152019
Equity ratio
3.1 %
Very weakAmong the 20% lowest rated companies in the industry
20152019
Return on equity
789.1 %
Very strongAmong the 10% highest rated companies in the industry
20152019
Net profit margin
14.8 %
Very strongAmong the 20% highest rated companies in the industry
20152019
Asset turnover
1.63×
StrongAmong the 40% highest rated companies in the industry
20152019
Debt / equity
31.68×
Very weakAmong the 10% lowest rated companies in the industry
20152019
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 30% highest 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 strong
Among the 20% 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 marginVery strong
Among the 20% 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 10% 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)Very strong
Among the 20% 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 10% 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 10% 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 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 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 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 capitalWeak
Among the 30% lowest 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 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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 10% 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 10% 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 coverageStrong
Among the 40% highest 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 strong
Among the 20% 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.
Efficiency & development
Asset turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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 debtStrong
Among the 30% 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- 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
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
LE Chief Executive Officer | Chief Executive Officer | 2014 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
JE Chairman | Chairman | 2016 |
LE Board of Directors | Board of Directors | 2016 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 20% | 20% | 2020 | |
| Company | 40% | 40% | 2020 |
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Company hierarchy
Jarek Invest As
Watertools AS Board network connections
Board members of Watertools AS also hold positions in 6 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jarle Ekeland | Chairman | 4 companies |
| Lars Erik Ekeland Hanssen | Chief Executive Officer | 2 companies |
Frequently asked questions
What is the Org number of Watertools AS?
Watertools AS is registered with Brønnøysundsregistrene under Org 997287401.
What is the revenue of Watertools AS?
Watertools AS reported revenue of NOK 4.9m in 2019.
Who is the CEO of Watertools AS?
Lars Erik Ekeland Hanssen is the CEO of Watertools AS, in role since 2014.
Who is the chairman of Watertools AS?
Jarle Ekeland chairs the board of Watertools AS, in role since 2016.
Where is Watertools AS headquartered?
Watertools AS's registered address is Mjåvannsvegen 106.