Firmify AB

ABDissolved

Org 5568498405Temporary employment agency activities and other human resource provisions· NACE 7820Est. 2011 · 15 years old270 employees

Overview

Firmify AB is a Swedish AB, operating in the Temporary employment agency activities and other human resource provisions sector. Incorporated in 2011, the company has 270 employees and reported revenue of SEK 95.0m in its latest annual filing.

Revenue 2018

95M SEK

+4% vs 2017

EBITDA margin

0.6 %

−70% vs 2017

Net profit 2018

-0.2M SEK

-115% vs 2017

Key ratios

See full ratios →

2.8 %

Very weak

Among the 10% lowest rated companies in the industry

20162018

1.0×

Very weak

Among the 20% lowest rated companies in the industry

20162018

-1.0 %

Weak

Among the 30% lowest rated companies in the industry

20162018

EBITDA — year on year

SEK thousands

Key figures

Annual report 2018

Revenue	95M SEK	+4%
EBITDA	0.5M SEK	-70%
Net profit	-0.2M SEK	-115%
Total assets	18.2M SEK	+1%
Equity	0.5M SEK	-77%
Employees	270	—

Financial development

In its most recent annual report (2018), Firmify AB reported revenue of SEK 95.0m, an increase of 4% on the year before. The figures on this page draw on 3 annual filings covering 2016 to 2018. The bottom line showed a net loss of SEK 176.0k, and the EBITDA margin stood at 0.6%.

At the end of 2018, equity financed 2.8% of the balance sheet, and current assets covered short-term debt 1 times.

Financials

Revenue

SEK millions

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2018	2017	2016
Revenue	94,954	91,115	69,590
Staff expenses	—	—	—
EBITDA	541	1,785	1,933
Depreciation & amort.	-1,111	-212	-164
EBIT	-570	1,573	1,769
Net financials	-13	-10	-21
Profit before tax	-176	1,554	1,303
Tax	-0	-344	-291
Net profit	-176	1,210	1,012

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Balance sheet

SEK thousands

Item	2018	2017	2016
Total assets	18,150	18,001	12,568
Equity	505	2,180	1,570
Long-term debt	0	0	0
Short-term debt	17,646	15,221	10,398
Total debt	17,646	15,221	10,398

Financial ratios

5-year trend

EBITDA margin

0.6 %

20162018

Equity ratio

2.8 %

Very weak

Among the 10% lowest rated companies in the industry

20162018

Return on equity

-34.9 %

Very weak

Among the 20% lowest rated companies in the industry

20162018

Net profit margin

-0.2 %

Weak

Among the 30% lowest rated companies in the industry

20162018

Asset turnover

5.23×

Very strong

Among the 10% highest rated companies in the industry

20162018

Debt / equity

34.94×

Very weak

Among the 10% lowest rated companies in the industry

20162018

Sector performance

25 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 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 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 ratioVery weak

Among the 10% 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 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 40% 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 debtStrong

Among the 40% 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 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.

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 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 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 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
Current (3)
AM Anna Margareta Sandberg Audit	Audit	2020
PE Peter Erik Roosling External Signatory	External Signatory	2020
OE Oskar Erik Hagelbäck External Signatory	External Signatory	2020

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
MC Michael Carl Lorentz Sundqvist Board of Directors	Board of Directors	2020
JS Joni Simonsson Deputy Board Member	Deputy Board Member	2020

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Firmify AB also hold positions in 94 other companies.

Person	Role here	Other companies
Peter Erik Roosling	External Signatory	49 companiesMany roles
Anna Margareta Sandberg	Audit	35 companiesMany roles
Joni Simonsson	Deputy Board Member	4 companies
Oskar Erik Hagelbäck	External Signatory	3 companies
Michael Carl Lorentz Sundqvist	Board of Directors	3 companies

Frequently asked questions

What is the Org number of Firmify AB?

Firmify AB is registered with Bolagsverket / SCB under Org 5568498405.

What is the revenue of Firmify AB?

Firmify AB reported revenue of SEK 95.0m in 2018.

How many employees does Firmify AB have?

Firmify AB employs 270 people as of the latest annual report.