Obeo AS
ASDissolvedOrg 997341791Fantoftvegen 38, 5072 BergenComputer programming activities· NACE 6210Est. 2011 · 15 years old6 employeeshttps://www.obeo.no
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Overview
Obeo AS is a Norwegian AS based in Bergen, operating in the Computer programming activities sector. Incorporated in 2011, the company has 6 employees and reported revenue of NOK 3.8m in its latest annual filing.
Revenue 2023
3.8M NOK
+353% vs 2022
EBITDA margin
−19.2 %
−332% vs 2022
Net profit 2023
-1.6M NOK
-123% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-25.2 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 20% lowest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-26.2 %
WeakAmong the 30% lowest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 3.8M NOK | +353% |
| EBITDA | -0.7M NOK | -332% |
| Net profit | -1.6M NOK | -123% |
| Total assets | 6.2M NOK | -10% |
| Equity | -1.6M NOK | -2790% |
| Employees | 6 | — |
Company information
Legal name
OBEO AS
Org number
997341791
Legal form
Aksjeselskap
NACE code
Founded
1 July 2011 · 15 years
Share capital
NOK 112,700
Employees
6 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Utvikle og selge systemer og sensorer for miljøovervåking, samt å delta i virksomhet med beslektet type aktivitet.
(no translation available)
Contact
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Financial development
In its most recent annual report (2023), Obeo AS reported revenue of NOK 3.8m, an increase of 353% 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 1.6m, and the EBITDA margin stood at -19.2%.
At the end of 2023, current assets covered short-term debt 0.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 3,833 | 846 | 1,662 | 2,283 | 1,254 |
| Staff expenses | -997 | -315 | -491 | -741 | -105 |
| EBITDA | -737 | -171 | 562 | 828 | 496 |
| Depreciation & amort. | -462 | -465 | -465 | -602 | -269 |
| EBIT | -1,198 | -635 | 97 | 226 | 228 |
| Net financials | -422 | -92 | -4 | -3 | 0 |
| Profit before tax | -1,620 | -727 | 93 | 223 | 228 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -1,620 | -727 | 93 | 223 | 228 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 6,190 | 6,862 | 5,428 | 4,557 | 3,479 |
| Equity | -1,562 | 58 | 785 | 692 | 469 |
| Long-term debt | 2,717 | 3,133 | 2,497 | 1,520 | 0 |
| Short-term debt | 5,035 | 3,671 | 2,146 | 2,344 | 3,009 |
| Total debt | 7,753 | 6,804 | 4,643 | 3,865 | 3,009 |
Financial ratios
5-year trendEBITDA margin
-19.2 %
20192023
Equity ratio
-25.2 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Return on equity
—
20192023
Net profit margin
-42.3 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Asset turnover
0.62×
AverageAround the average of companies in the same industry
20192023
Debt / equity
—
20192023
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% 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 weak
Among the 20% 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 assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Basic earning power (BEP)Weak
Among the 30% 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 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.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Current ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Fixed assets to long-term capitalVery weak
Among the 10% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
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.
Income to debtWeak
Among the 30% lowest 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 coverageWeak
Among the 40% 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 marginWeak
Among the 30% 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 10% 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 equityVery weak
Among the 10% 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 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 (1) | ||
BM Chief Executive Officer | Chief Executive Officer | 2011 |
Former (1)
HP Deputy Member | Deputy Member | 2013 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
BM Chairman | Chairman | 2013 |
Former (2)
JE Chairman | Chairman | 2022 – 2023 |
HP Board of Directors | Board of Directors | 2022 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50% | 50% | 2023 | |
| Individual | 8.88% | 8.88% | 2020 | |
| Company | 100% | 100% | 2024 |
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Related companies
Company hierarchy
Liessem Microelectronics As
Obeo AS Board network connections
Board members of Obeo AS also hold positions in 30 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bent Morten Dale | Chief Executive Officer | 20 companiesMany roles |
| Hans Peter Liessem | Deputy Member | 5 companies |
| Jan Eigil Rydningen | Chairman | 5 companies |
Frequently asked questions
What is the Org number of Obeo AS?
Obeo AS is registered with Brønnøysundsregistrene under Org 997341791.
What is the revenue of Obeo AS?
Obeo AS reported revenue of NOK 3.8m in 2023.
How many employees does Obeo AS have?
Obeo AS employs 6 people as of the latest annual report.
Who is the CEO of Obeo AS?
Bent Morten Dale is the CEO of Obeo AS.
Who is the chairman of Obeo AS?
Bent Morten Dale chairs the board of Obeo AS, in role since 2013.
Where is Obeo AS headquartered?
Obeo AS's registered address is Fantoftvegen 38.