CRANE3 AS
ASDissolvedOrg 997388232Buråsen 30, 4636 Kristiansand SProduksjon av løfte- og håndteringsutstyr til skip og båter· NACE 28221Est. 2011 · 15 years old0 employees
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Overview
CRANE3 AS is a Norwegian AS based in Kristiansand S, operating in the Produksjon av løfte- og håndteringsutstyr til skip og båter sector. Incorporated in 2011, the company has 0 employees and reported revenue of NOK 97.5m in its latest annual filing.
Revenue 2020
97.5M NOK
+3% vs 2019
EBITDA margin
2.5 %
−73% vs 2019
Net profit 2020
0.7M NOK
-86% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
13.4 %
WeakAmong the 30% lowest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
0.6 %
AverageAround the average of companies in the same industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 97.5M NOK | +3% |
| EBITDA | 2.5M NOK | -73% |
| Net profit | 0.7M NOK | -86% |
| Total assets | 129.8M NOK | +52% |
| Equity | 17.4M NOK | +4% |
| Employees | 0 | — |
Company information
Legal name
CRANE3 AS
Org number
997388232
Legal form
Aksjeselskap
NACE code
Founded
13 September 2011 · 15 years
Share capital
NOK 200,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Salg, fremstilling og produksjon av løfte og håndteringsutstyr til skip og rigg og andre produkter som naturlig faller sammen med dette, herunder også industriprodukter til landbasert virksomhet og også delta i andre selskaper med lignende virksomhet, kjøp og salg av aksjer eller på annen måte gjøre seg interessert i andre foretagender.
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Address
Buråsen 30, 4636 Kristiansand S
Recent events
1 entry- Event
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Financial development
In its most recent annual report (2020), CRANE3 AS reported revenue of NOK 97.5m, an increase of 3% 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 721.0k, and the EBITDA margin stood at 2.5%.
At the end of 2020, equity financed 13.4% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 97,498 | 94,328 | 50,642 | 66,304 | 65,622 |
| Staff expenses | -15,665 | -13,136 | -11,355 | -10,941 | -11,731 |
| EBITDA | 2,471 | 9,177 | -8,074 | -51 | 2,391 |
| Depreciation & amort. | -0 | -1,711 | -1,712 | -445 | -266 |
| EBIT | 2,471 | 7,467 | -9,786 | -496 | 2,125 |
| Net financials | -1,438 | -1,030 | -1,029 | -399 | -275 |
| Profit before tax | 1,033 | 6,437 | -10,814 | -896 | 1,850 |
| Tax | 312 | 1,105 | -2,688 | -224 | 127 |
| Net profit | 721 | 5,331 | -8,127 | -672 | 1,723 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 129,782 | 85,546 | 63,649 | 52,757 | 37,712 |
| Equity | 17,437 | 16,716 | -3,281 | 4,846 | 5,518 |
| Long-term debt | 9,583 | 5,167 | 6,000 | 5,218 | 442 |
| Short-term debt | 102,762 | 63,663 | 60,929 | 42,693 | 31,753 |
| Total debt | 112,345 | 68,830 | 66,929 | 47,911 | 32,195 |
Financial ratios
5-year trendEBITDA margin
2.5 %
20162020
Equity ratio
13.4 %
WeakAmong the 30% lowest rated companies in the industry
20162020
Return on equity
4.1 %
AverageAround the average of companies in the same industry
20162020
Net profit margin
0.7 %
WeakAmong the 40% lowest rated companies in the industry
20162020
Asset turnover
0.75×
AverageAround the average of companies in the same industry
20162020
Debt / equity
6.44×
Very weakAmong the 20% lowest rated companies in the industry
20162020
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 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 marginWeak
Among the 40% 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)Average
Around the average of companies in the same 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)Average
Around the average of companies in the same 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 ratioStrong
Among the 40% 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 capitalStrong
Among the 30% highest 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 10% 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 30% lowest 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 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 equityAverage
Around the average of companies in the same 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 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 |
|---|
Former (1)
CA Chief Executive Officer | Chief Executive Officer | 2011 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
OP Chairman | Chairman | 2022 |
Former (5)
CA Board of Directors | Board of Directors | 2019 – 2023 |
OM Board of Directors | Board of Directors | 2022 – 2023 |
AO Board of Directors | Board of Directors | 2019 – 2022 |
VH Chairman | Chairman | 2019 – 2022 |
ØM Board of Directors | Board of Directors | 2019 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Crane1 As
CRANE3 AS Board network connections
Board members of CRANE3 AS also hold positions in 31 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christoffer Andre Jørgenvåg | Chief Executive Officer | 11 companiesMany roles |
| Vidar Hansen | Chairman | 9 companiesMany roles |
| Oskar Mykland | Board of Directors | 4 companies |
| Arnt Olaf Knutsen | Board of Directors | 3 companies |
| Oliver Plunkett | Chairman | 2 companies |
| Øyvind Mydland | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of CRANE3 AS?
CRANE3 AS is registered with Brønnøysundsregistrene under Org 997388232.
What is the revenue of CRANE3 AS?
CRANE3 AS reported revenue of NOK 97.5m in 2020.
Who is the chairman of CRANE3 AS?
Oliver Plunkett chairs the board of CRANE3 AS, in role since 2022.
Where is CRANE3 AS headquartered?
CRANE3 AS's registered address is Buråsen 30.