ITAB Prolight AB

ABDissolved

Org 5566738877Retail sale of furniture, lighting equipment and other household articles in specialised stores· NACE 4759Est. 2005 · 21 years old19 employees

Overview

ITAB Prolight AB is a Swedish AB, operating in the Retail sale of furniture, lighting equipment and other household articles in specialised stores sector. Incorporated in 2005, the company has 19 employees and reported revenue of SEK 90.8m in its latest annual filing.

Revenue 2019

90.8M SEK

+22% vs 2018

EBITDA margin

−1.5 %

+28% vs 2018

Net profit 2019

-0.5M SEK

-108% vs 2018

Key ratios

See full ratios →

9.4 %

Very weak

Among the 20% lowest rated companies in the industry

20162019

1.1×

Very weak

Among the 20% lowest rated companies in the industry

20162019

-2.8 %

Weak

Among the 30% lowest rated companies in the industry

20162019

EBITDA — year on year

SEK thousands

Key figures

Annual report 2019

Revenue	90.8M SEK	+22%
EBITDA	-1.3M SEK	+28%
Net profit	-0.5M SEK	-108%
Total assets	17.5M SEK	-16%
Equity	1.7M SEK	-23%
Employees	19	—

Financial development

In its most recent annual report (2019), ITAB Prolight AB reported revenue of SEK 90.8m, an increase of 22% on the year before. The figures on this page draw on 4 annual filings covering 2016 to 2019. The bottom line showed a net loss of SEK 496.0k, and the EBITDA margin stood at -1.5%.

At the end of 2019, equity financed 9.4% of the balance sheet, and current assets covered short-term debt 1.1 times.

Financials

Revenue

SEK millions

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2019	2018	2017	2016
Revenue	90,777	74,604	81,053	94,563
Staff expenses	—	—	—	—
EBITDA	-1,347	-1,873	448	7,902
Depreciation & amort.	—	—	—	—
EBIT	-1,347	-1,873	448	7,902
Net financials	-289	-163	-53	—
Profit before tax	-496	-238	-344	-189
Tax	-0	-0	-0	-0
Net profit	-496	-238	-344	-189

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Balance sheet

SEK thousands

Item	2019	2018	2017	2016
Total assets	17,529	20,791	20,630	26,460
Equity	1,651	2,147	2,385	2,729
Long-term debt	0	0	0	0
Short-term debt	15,835	18,601	18,202	18,537
Total debt	15,835	18,601	18,202	18,537

Financial ratios

5-year trend

EBITDA margin

-1.5 %

20162019

Equity ratio

9.4 %

Very weak

Among the 20% lowest rated companies in the industry

20162019

Return on equity

-30.0 %

Very weak

Among the 20% lowest rated companies in the industry

20162019

Net profit margin

-0.5 %

Weak

Among the 30% lowest rated companies in the industry

20162019

Asset turnover

5.18×

Very strong

Among the 10% highest rated companies in the industry

20162019

Debt / equity

9.62×

Very weak

Among the 10% lowest rated companies in the industry

20162019

Sector performance

26 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

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 marginWeak

Among the 30% 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 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)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 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.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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 ratioWeak

Among the 30% 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 ratioVery weak

Among the 10% 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 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 ratioVery strong

Among the 20% highest 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 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.

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 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 30% 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 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 turnoverVery strong

Among the 10% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverWeak

Among the 40% 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 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 equityVery weak

Among the 20% 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 2019
Filed via Bolagsverket / SCB · Period 2019-01-01 – 2019-12-31
Annual report 2018
Filed via Bolagsverket / SCB · Period 2018-01-01 – 2018-12-31
Annual report 2017
Filed via Bolagsverket / SCB · Period 2017-01-01 – 2017-12-31
Annual report 2016
Filed via Bolagsverket / SCB · Period 2016-01-01 – 2016-12-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (2)


PE Pär Evald Valentin Söderberg Chief Executive Officer	Chief Executive Officer	2021 – 2022
LF Lars Fredrik Lundgren Audit	Audit	2021 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since

Former (3)


UA Ulf Andréas Elgaard Chairman	Chairman	2021 – 2022
KM Kristian Mickael Rajkovic Board of Directors	Board of Directors	2021 – 2022
PE Pär Evald Valentin Söderberg Board of Directors	Board of Directors	2021 – 2022

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of ITAB Prolight AB also hold positions in 101 other companies.

Person	Role here	Other companies
Lars Fredrik Lundgren	Audit	92 companiesMany roles
Ulf Andréas Elgaard	Chairman	5 companies
Kristian Mickael Rajkovic	Board of Directors	3 companies
Pär Evald Valentin Söderberg	Chief Executive Officer	1 company

Frequently asked questions

What is the Org number of ITAB Prolight AB?

ITAB Prolight AB is registered with Bolagsverket / SCB under Org 5566738877.

What is the revenue of ITAB Prolight AB?

ITAB Prolight AB reported revenue of SEK 90.8m in 2019.

How many employees does ITAB Prolight AB have?

ITAB Prolight AB employs 19 people as of the latest annual report.