Basel Solutions AS
ASDissolvedOrg 997544161Hjalmar Johansens Gate 10, 3722 SkienEngineering activities and related technical consultancy· NACE 7112Est. 2011 · 14 years old0 employees
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Overview
Basel Solutions AS is a Norwegian AS based in Skien, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2011, the company has 0 employees and reported revenue of NOK 12.0k in its latest annual filing.
Revenue 2023
0M NOK
−99% vs 2022
EBITDA margin
−283.4 %
−104% vs 2022
Net profit 2023
-0.1M NOK
-108% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
10.5 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
5.3×
StrongAmong the 30% highest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-2.2 %
WeakAmong the 40% lowest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 0M NOK | -99% |
| EBITDA | -0M NOK | -104% |
| Net profit | -0.1M NOK | -108% |
| Total assets | 2.5M NOK | -12% |
| Equity | 0.3M NOK | -17% |
| Employees | 0 | — |
Company information
Legal name
BASEL SOLUTIONS AS
Org number
997544161
Legal form
Aksjeselskap
NACE code
Founded
24 October 2011 · 14 years
Share capital
NOK 100,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Engineeringtjenester, konsulent tjenester innen land-industri, verkstedtjenester og mekanisk reparasjoner, tekniske tjenester knyttet til olje & gas prosjekter, samt miljøprosjekter, rådgivning og utleie av personell.
(no translation available)
Address
Hjalmar Johansens Gate 10, 3722 Skien
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Financial development
In its most recent annual report (2023), Basel Solutions AS reported revenue of NOK 12.0k, a decrease of 99% 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 55.0k, and the EBITDA margin stood at -283.4%.
At the end of 2023, equity financed 10.5% of the balance sheet, and current assets covered short-term debt 5.3 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 12 | 2,164 | 1,551 | 194 | 0 |
| Staff expenses | 0 | -943 | -339 | -0 | -0 |
| EBITDA | -34 | 933 | 935 | 71 | -114 |
| Depreciation & amort. | -31 | -23 | -15 | -13 | -16 |
| EBIT | -65 | 910 | 919 | 58 | -131 |
| Net financials | 0 | 0 | -0 | 0 | 0 |
| Profit before tax | -65 | 910 | 919 | 58 | -130 |
| Tax | -10 | 200 | 173 | -0 | -0 |
| Net profit | -55 | 710 | 746 | 58 | -130 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 2,492 | 2,822 | 2,701 | 827 | 678 |
| Equity | 263 | 318 | 100 | -104 | -161 |
| Long-term debt | 2,113 | 1,408 | 9 | 0 | 0 |
| Short-term debt | 116 | 1,097 | 2,592 | 931 | 839 |
| Total debt | 2,229 | 2,505 | 2,601 | 931 | 839 |
Financial ratios
5-year trendEBITDA margin
-283.4 %
20192023
Equity ratio
10.5 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Return on equity
-20.9 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Net profit margin
-458.0 %
Very weakAmong the 10% lowest rated companies in the industry
20192023
Asset turnover
0.00×
WeakAmong the 40% lowest rated companies in the industry
20192023
Debt / equity
8.49×
Very weakAmong the 10% lowest rated companies in the industry
20192023
Sector performance
28 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 marginVery weak
Among the 10% 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 10% 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)Very weak
Among the 20% lowest 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)Weak
Among the 40% lowest 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 weak
Among the 20% lowest 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)Weak
Among the 40% 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 ratioWeak
Among the 40% lowest 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 ratioStrong
Among the 30% highest 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 10% 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.
Current assets to equityWeak
Among the 30% 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 ratioWeak
Among the 30% lowest 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 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 debtWeak
Among the 40% lowest rated companies in the 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 coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest 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 40% 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.
Efficiency & development
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 10% 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 capitalAverage
Around the average of companies in the same 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 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% 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 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) | ||
BS Chief Executive Officer | Chief Executive Officer | 2011 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
BS Chairman | Chairman | 2011 |
ES Board of Directors | Board of Directors | 2011 |
SA Board of Directors | Board of Directors | 2011 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Basel As
Basel Solutions AS Board network connections
Board members of Basel Solutions AS also hold positions in 34 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bjørn Simonsen | Chief Executive Officer | 24 companiesMany roles |
| Stian Andreas Simonsen | Board of Directors | 10 companiesMany roles |
Frequently asked questions
What is the Org number of Basel Solutions AS?
Basel Solutions AS is registered with Brønnøysundsregistrene under Org 997544161.
What is the revenue of Basel Solutions AS?
Basel Solutions AS reported revenue of NOK 12.0k in 2023.
Who is the CEO of Basel Solutions AS?
Bjørn Simonsen is the CEO of Basel Solutions AS.
Who is the chairman of Basel Solutions AS?
Bjørn Simonsen chairs the board of Basel Solutions AS.
Where is Basel Solutions AS headquartered?
Basel Solutions AS's registered address is Hjalmar Johansens Gate 10.