Upfor AB
ABDissolvedOrg 5567301527Engineering activities and related technical consultancy· NACE 7112Est. 2007 · 19 years old0 employees
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Overview
Upfor AB is a Swedish AB, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2007, the company has 0 employees and reported revenue of SEK 12.9m in its latest annual filing.
Revenue 2023
12.9M SEK
+349% vs 2022
EBITDA margin
5.3 %
+62% vs 2022
Net profit 2023
0.5M SEK
+97% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
36.0 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
WeakAmong the 30% lowest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
30.0 %
Very strongAmong the 20% highest rated companies in the industry
20192023
EBITDA — year on year
SEK thousandsKey figures
Annual report 2023| Revenue | 12.9M SEK | +349% |
| EBITDA | 0.7M SEK | +62% |
| Net profit | 0.5M SEK | +97% |
| Total assets | 1.8M SEK | -72% |
| Equity | 0.6M SEK | +7% |
| Employees | 0 | — |
Company information
Legal name
Upfor AB
Org number
5567301527
Legal form
Aktiebolag
NACE code
Founded
22 May 2007 · 19 years
Share capital
SEK 100,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas i förening av Fägersten, Bo Göran Jönsson, Anders Ola Firman tecknas av en av Kalbhenn, Per-Håkan Karl Rüdiger Vallenfjord, Sven Anders i förening med en av Fägersten, Bo Göran Jönsson, Anders Ola Dessutom har verkställande direktören rätt att teckna firman beträffande löpande förvaltningsåtgärder
Company purpose
Aktiebolaget ska bedriva försäljning och service av nya och begagnade verktygsmaskiner samt mätverktyg för verkstadsindustrin och därmed förenlig verksamhet.
(no translation available)
Address
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Financial development
In its most recent annual report (2023), Upfor AB reported revenue of SEK 12.9m, an increase of 349% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of SEK 541.6k, and the EBITDA margin stood at 5.3%.
At the end of 2023, equity financed 36% of the balance sheet, and current assets covered short-term debt 1.7 times.
Financials
Revenue
SEK millionsEBITDA
SEK thousandsIncome statement
SEK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 12,865 | 2,865 | 279 | 0 | 0 |
| Staff expenses | -0 | -0 | — | — | — |
| EBITDA | 682 | 422 | 35 | -13 | -3 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 682 | 422 | 35 | -13 | -3 |
| Net financials | 0 | -3 | — | — | — |
| Profit before tax | 682 | 330 | 35 | -13 | -3 |
| Tax | 141 | 55 | -0 | -0 | -0 |
| Net profit | 542 | 274 | 35 | -13 | -3 |
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Balance sheet
SEK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 1,804 | 6,549 | 730 | 299 | 312 |
| Equity | 650 | 608 | 334 | 299 | 312 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,066 | 5,852 | 396 | 0 | 0 |
| Total debt | 1,066 | 5,852 | 396 | — | — |
Financial ratios
5-year trendEBITDA margin
5.3 %
20192023
Equity ratio
36.0 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Return on equity
83.3 %
Very strongAmong the 10% highest rated companies in the industry
20192023
Net profit margin
4.2 %
WeakAmong the 40% lowest rated companies in the industry
20192023
Asset turnover
7.13×
Very strongAmong the 10% highest rated companies in the industry
20192023
Debt / equity
1.78×
Very weakAmong the 20% lowest rated companies in the industry
20192023
Sector performance
26 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 marginWeak
Among the 40% 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 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)Very strong
Among the 10% highest 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 strong
Among the 20% highest 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 strong
Among the 10% highest 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 strong
Among the 20% highest 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 strong
Among the 10% 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 30% 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 40% 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 ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 20% 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 strong
Among the 10% 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 ratioStrong
Among the 40% 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 debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% highest 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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
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.
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 equityStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest 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 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 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Bolagsverket / SCB · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Bolagsverket / SCB · Period 2019-01-01 – 2019-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
NM Chief Auditor | Chief Auditor | 2024 |
SA Chief Executive Officer | Chief Executive Officer | 2024 |
Former (1)
GM Audit | Audit | 2021 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
KM Board of Directors | Board of Directors | 2024 |
BG Board of Directors | Board of Directors | 2024 |
AO Chairman | Chairman | 2024 |
PK Board of Directors | Board of Directors | 2021 |
SA Board of Directors | Board of Directors | 2021 |
Former (3)
LW Board of Directors | Board of Directors | 2021 – 2024 |
KA Deputy Board Member | Deputy Board Member | 2021 – 2024 |
SB Board of Directors | Board of Directors | 2022 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 0001 |
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Related companies
Company hierarchy
Spider Technologies AB
Upfor AB Board network connections
Board members of Upfor AB also hold positions in 296 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Nils Mikael Berlin | Chief Auditor | 205 companiesMany roles |
| Gunnel Maria Körkkö | Audit | 31 companiesMany roles |
| Bo Göran Fägersten | Board of Directors | 18 companiesMany roles |
| Anders Ola Jönsson | Chairman | 17 companiesMany roles |
| Lars Wilhelm Widéhn | Board of Directors | 6 companiesMany roles |
| Per-Håkan Karl Rüdiger Kalbhenn | Board of Directors | 6 companiesMany roles |
| Sven Anders Vallenfjord | Chief Executive Officer | 4 companies |
| Kjell Marcus Warnqvist | Board of Directors | 4 companies |
| Kerstin Ann Liverud Kalbhenn | Deputy Board Member | 4 companies |
| Sandra Birgitta Juhlin | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Upfor AB?
Upfor AB is registered with Bolagsverket / SCB under Org 5567301527.
What is the revenue of Upfor AB?
Upfor AB reported revenue of SEK 12.9m in 2023.
Who is the CEO of Upfor AB?
Sven Anders Vallenfjord is the CEO of Upfor AB, in role since 2024.
Who is the chairman of Upfor AB?
Anders Ola Jönsson chairs the board of Upfor AB, in role since 2024.