Virdi AS
ASDissolvedOrg 999070167Dronning Mauds Gate 10, 0250 OsloProgrammeringstjenester· NACE 62010Est. 2012 · 14 years old11 employeeshttps://www.virdi.no
Loading company…
Overview
Virdi AS is a Norwegian AS based in Oslo, operating in the Programmeringstjenester sector. Incorporated in 2012, the company has 11 employees and reported revenue of NOK 1.9m in its latest annual filing.
Revenue 2021
1.9M NOK
+439% vs 2020
EBITDA margin
−106.8 %
+53% vs 2020
Net profit 2021
-3.7M NOK
+24% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
93.3 %
StrongAmong the 30% highest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
9.9×
Very strongAmong the 20% highest rated companies in the industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
-14.8 %
WeakAmong the 30% lowest rated companies in the industry
20172021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 1.9M NOK | +439% |
| EBITDA | -2.1M NOK | +53% |
| Net profit | -3.7M NOK | +24% |
| Total assets | 25.2M NOK | +21% |
| Equity | 23.5M NOK | +21% |
| Employees | 11 | — |
Company information
Legal name
VIRDI AS
Org number
999070167
Legal form
Aksjeselskap
NACE code
62010 · Programmeringstjenester
Founded
28 September 2012 · 14 years
Share capital
NOK 3,246,500
Employees
11 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap. Daglig leder og ett styremedlem i fellesskap.
Company purpose
Salg og utvikling av elektroniske tjenester og annen tjenesteyting i tilknytning til dette, herunder deltakelse i andre selskaper.
(no translation available)
Contact
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2021), Virdi AS reported revenue of NOK 1.9m, an increase of 439% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net loss of NOK 3.7m, and the EBITDA margin stood at -106.8%.
At the end of 2021, equity financed 93.3% of the balance sheet, and current assets covered short-term debt 9.9 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 1,935 | 359 | 1,374 | 7,986 | 124 |
| Staff expenses | -2,271 | -1,980 | -756 | -543 | -188 |
| EBITDA | -2,067 | -4,374 | -1,050 | 5,175 | -2,976 |
| Depreciation & amort. | -3,848 | -2,272 | -3,232 | -2,467 | -327 |
| EBIT | -5,915 | -6,646 | -4,282 | 2,707 | -3,303 |
| Net financials | -14 | 7 | -4 | -22 | -46 |
| Profit before tax | -5,929 | -6,639 | -4,286 | 2,685 | -3,349 |
| Tax | -2,200 | -1,714 | -0 | -0 | -0 |
| Net profit | -3,729 | -4,925 | -4,286 | 2,685 | -3,349 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 25,183 | 20,807 | 12,260 | 14,209 | 15,752 |
| Equity | 23,507 | 19,430 | 11,199 | 13,143 | 14,614 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,676 | 1,377 | 1,061 | 1,066 | 1,139 |
| Total debt | 1,676 | 1,377 | 1,061 | 1,066 | 1,139 |
Financial ratios
5-year trendEBITDA margin
-106.8 %
20172021
Equity ratio
93.3 %
StrongAmong the 30% highest rated companies in the industry
20172021
Return on equity
-15.9 %
WeakAmong the 30% lowest rated companies in the industry
20172021
Net profit margin
-192.7 %
Very weakAmong the 10% lowest rated companies in the industry
20172021
Asset turnover
0.08×
AverageAround the average of companies in the same industry
20172021
Debt / equity
0.07×
Very strongAmong the 20% highest rated companies in the industry
20172021
Sector performance
27 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)Weak
Among the 30% 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 30% 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)Weak
Among the 30% 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 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.
Liquidity
Current ratioVery strong
Among the 20% 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 strong
Among the 20% highest 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 ratioStrong
Among the 30% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest 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 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 ratioStrong
Among the 30% highest 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 strong
Among the 20% highest 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 strong
Among the 20% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 20% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% 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.
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 capitalStrong
Among the 40% 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 equityStrong
Among the 30% highest 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 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
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
HH Chief Executive Officer | Chief Executive Officer | 2019 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LC Board of Directors | Board of Directors | 2022 |
HM Board of Directors | Board of Directors | 2020 |
NH Chairman | Chairman | 2021 |
Former (2)
SW Chairman | Chairman | 2020 – 2021 |
IG Board of Directors | Board of Directors | 2020 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Ambita As
Virdi AS Board network connections
Board members of Virdi AS also hold positions in 64 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Nicolay Henrik Kaare Moulin | Chairman | 21 companiesMany roles |
| Stig Williams Seljeseth | Chairman | 16 companiesMany roles |
| Line Cecilie Grønvold Stenseth | Board of Directors | 10 companiesMany roles |
| Håvard Heggem Von Krogh | Chief Executive Officer | 8 companiesMany roles |
| Hege Moe Tveit | Board of Directors | 6 companiesMany roles |
| Inga Gjervik | Board of Directors | 3 companies |
Frequently asked questions
What is the Org number of Virdi AS?
Virdi AS is registered with Brønnøysundsregistrene under Org 999070167.
What is the revenue of Virdi AS?
Virdi AS reported revenue of NOK 1.9m in 2021.
How many employees does Virdi AS have?
Virdi AS employs 11 people as of the latest annual report.
Who is the CEO of Virdi AS?
Håvard Heggem Von Krogh is the CEO of Virdi AS, in role since 2019.
Who is the chairman of Virdi AS?
Nicolay Henrik Kaare Moulin chairs the board of Virdi AS, in role since 2021.
Where is Virdi AS headquartered?
Virdi AS's registered address is Dronning Mauds Gate 10.