ECIT Solutions AB
ABActiveOrg 5564525177Lindhagensgatan 112, 112 51 StockholmRetail sale of information and communication equipment· NACE 4740Est. 1992 · 34 years old85 employees
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Overview
ECIT Solutions AB is a Swedish AB based in Stockholm, operating in the Retail sale of information and communication equipment sector. Incorporated in 1992, the company has 85 employees and reported revenue of SEK 154.3m in its latest annual filing.
Revenue 2024
154.3M SEK
+35% vs 2023
EBITDA margin
−30.2 %
−80% vs 2023
Net profit 2024
-61M SEK
-268% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
0.8 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-62.2 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
EBITDA — year on year
SEK millionsKey figures
Annual report 2024| Revenue | 154.3M SEK | +35% |
| EBITDA | -46.6M SEK | -80% |
| Net profit | -61M SEK | -268% |
| Total assets | 98M SEK | -1% |
| Equity | 0.8M SEK | -67% |
| Employees | 85 | — |
Company information
Legal name
ECIT Solutions AB
Org number
5564525177
Legal form
Aktiebolag
NACE code
Founded
7 September 1992 · 34 years
Share capital
SEK 250,000
Employees
85 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas två i förening av ledamöterna Dessutom har verkställande direktören rätt att teckna firman beträffande löpande förvaltningsåtgärder
Company purpose
Bolaget skall bedriva försäljning av IT-utrustning samt drift- och konsultverksamhet inom IT och därmed förenlig verksamhet.
(no translation available)
Contact
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Financial development
In its most recent annual report (2024), ECIT Solutions AB reported revenue of SEK 154.3m, an increase of 35% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of SEK 61.0m, and the EBITDA margin stood at -30.2%.
At the end of 2024, equity financed 0.8% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 154,314 | 114,502 | 140,284 | 163,566 | 197,238 |
| Staff expenses | -87,873 | — | — | — | — |
| EBITDA | -46,640 | -25,958 | -5,961 | -30,345 | 3,109 |
| Depreciation & amort. | -10,234 | -5,136 | -7,767 | -950 | -422 |
| EBIT | -56,875 | -31,094 | -13,728 | -31,295 | 2,687 |
| Net financials | -4,130 | -3,043 | -1,985 | -2,591 | -485 |
| Profit before tax | -61,005 | -16,577 | 18,487 | -31,785 | 2,983 |
| Tax | -0 | -0 | -4,981 | 6,487 | -672 |
| Net profit | -61,005 | -16,577 | 13,506 | -25,298 | 2,311 |
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
SEK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 98,035 | 98,684 | 125,042 | 92,546 | 90,693 |
| Equity | 770 | 2,339 | 18,916 | 5,410 | 18,708 |
| Long-term debt | 11,061 | 22,428 | 23,979 | 0 | 16,032 |
| Short-term debt | 85,904 | 73,317 | 81,547 | 87,136 | 53,851 |
| Total debt | 96,965 | 95,745 | 105,526 | 87,136 | 69,883 |
Financial ratios
5-year trendEBITDA margin
-30.2 %
20202024
Equity ratio
0.8 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Return on equity
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Net profit margin
-39.5 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Asset turnover
1.57×
AverageAround the average of companies in the same industry
20202024
Debt / equity
126.31×
Very weakAmong the 10% lowest rated companies in the industry
20202024
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 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 marginVery weak
Among the 20% 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 10% 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)Very weak
Among the 10% 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 10% 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)Very weak
Among the 10% 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 ratioVery weak
Among the 20% 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 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 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 ratioWeak
Among the 40% 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 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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 10% 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 debtVery weak
Among the 20% 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 coverageWeak
Among the 30% 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 marginVery weak
Among the 10% 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.
Inventory turnoverVery weak
Among the 10% 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 capitalWeak
Among the 40% 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 debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2020-07-01 – 2021-12-31
- Annual report 2020Filed via Bolagsverket / SCB · Period 2019-01-01 – 2020-06-30
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KG Chief Executive Officer | Chief Executive Officer | 2025 |
AL Chief Auditor | Chief Auditor | 2025 |
Former (8)
MR Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
JR Chief Executive Officer | Chief Executive Officer | 2020 – 2022 |
LM Chief Auditor | Chief Auditor | 2020 – 2022 |
JO Chief Auditor | Chief Auditor | 2022 – 2022 |
SD Authorized Recipient of Service | Authorized Recipient of Service | 2025 – 2025 |
BR Chief Executive Officer | Chief Executive Officer | 2022 – 2023 |
LA Deputy Chief Executive Officer | Deputy Chief Executive Officer | 2023 – 2024 |
SD Chief Auditor | Chief Auditor | 2022 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
KG Board of Directors | Board of Directors | 2025 |
SD Board of Directors | Board of Directors | 2025 |
MW Chairman | Chairman | 2025 |
Former (11)
JE Board of Directors | Board of Directors | 2020 – 2022 |
MR Deputy Board Member | Deputy Board Member | 2024 – 2025 |
JR Chairman | Chairman | 2022 – 2024 |
SC Board of Directors | Board of Directors | 2022 – 2024 |
CG Board of Directors | Board of Directors | 2022 – 2022 |
PJ Board of Directors | Board of Directors | 2020 – 2022 |
BR Board of Directors | Board of Directors | 2022 – 2023 |
LA Board of Directors | Board of Directors | 2023 – 2024 |
UM Board of Directors | Board of Directors | 2022 – 2024 |
KJ Chairman | Chairman | 2020 – 2022 |
MR Board of Directors | Board of Directors | 2022 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2026 | |
| Company | 100% | 100% | 0001 |
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Company hierarchy
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ECIT Solutions AB Board network connections
Board members of ECIT Solutions AB also hold positions in 796 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Samuel Douglas Bjälkemo | Chief Auditor | 248 companiesMany roles |
| Linn Maria Haslum Lindgren | Chief Auditor | 177 companiesMany roles |
| Johan Olof Tilander | Chief Auditor | 149 companiesMany roles |
| Anna Linnea Franke | Chief Auditor | 77 companiesMany roles |
| Karl Jonas Fredrik Almén | Chairman | 64 companiesMany roles |
| Sven Daniel Bolin | Authorized Recipient of Service | 32 companiesMany roles |
| Klas Gerhard Bonde | Chief Executive Officer | 13 companiesMany roles |
| Mikkel Walde | Chairman | 12 companiesMany roles |
| Jonas Rickard Norberg | Chief Executive Officer | 7 companiesMany roles |
| Joakim Eric Ribb | Board of Directors | 5 companies |
| Per John Pontus Sandqvist Höljer | Board of Directors | 5 companies |
| Sophia Carolina Nilsson | Board of Directors | 3 companies |
| Carl-Magnus Gustav Tjernström | Board of Directors | 2 companies |
| Mohammad Reza Sabaro | Chief Executive Officer | 1 company |
| Martin Rikard Lundqvist | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of ECIT Solutions AB?
ECIT Solutions AB is registered with Bolagsverket / SCB under Org 5564525177.
What is the revenue of ECIT Solutions AB?
ECIT Solutions AB reported revenue of SEK 154.3m in 2024.
How many employees does ECIT Solutions AB have?
ECIT Solutions AB employs 85 people as of the latest annual report.
Who is the CEO of ECIT Solutions AB?
Klas Gerhard Bonde is the CEO of ECIT Solutions AB, in role since 2025.
Who is the chairman of ECIT Solutions AB?
Mikkel Walde chairs the board of ECIT Solutions AB, in role since 2025.
Where is ECIT Solutions AB headquartered?
ECIT Solutions AB's registered address is Lindhagensgatan 112 Plan 4.