Wiritech AB

ABBankrupt

Org 5568538267Engineering activities and related technical consultancy· NACE 7112Est. 2011 · 15 years old1 employees

Overview

Wiritech AB is a Swedish AB, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2011, the company has 1 employee and reported revenue of SEK 791.0k in its latest annual filing.

Revenue 2018

791K SEK

+8% vs 2016

EBITDA margin

−22.9 %

−1408% vs 2016

Net profit 2018

-215K SEK

-199% vs 2016

Key ratios

See full ratios →

36.4 %

Weak

Among the 30% lowest rated companies in the industry

20152018

1.6×

Weak

Among the 30% lowest rated companies in the industry

20152018

-63.0 %

Very weak

Among the 10% lowest rated companies in the industry

20152018

EBITDA — year on year

SEK thousands

Key figures

Annual report 2018

Revenue	791K SEK	+8%
EBITDA	-181K SEK	-1408%
Net profit	-215K SEK	-199%
Total assets	341K SEK	-32%
Equity	124K SEK	-54%
Employees	1	—

Financial development

In its most recent annual report (2018), Wiritech AB reported revenue of SEK 791.0k, an increase of 8% on the year before. The figures on this page draw on 3 annual filings covering 2015 to 2018. The bottom line showed a net loss of SEK 215.0k, and the EBITDA margin stood at -22.9%.

At the end of 2018, equity financed 36.4% of the balance sheet, and current assets covered short-term debt 1.6 times.

Financials

Revenue

SEK thousands

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2018	2016	2015
Revenue	791	733	—
Staff expenses	—	—	—
EBITDA	-181	-12	305
Depreciation & amort.	-0	-59	-69
EBIT	-181	-71	236
Net financials	-32	-1	-11
Profit before tax	-215	-72	226
Tax	-0	-0	-52
Net profit	-215	-72	174

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Balance sheet

SEK thousands

Item	2018	2016	2015
Total assets	341	504	872
Equity	124	272	574
Long-term debt	0	0	0
Short-term debt	217	232	298
Total debt	217	232	298

Financial ratios

5-year trend

EBITDA margin

-22.9 %

20152018

Equity ratio

36.4 %

Weak

Among the 30% lowest rated companies in the industry

20152018

Return on equity

-173.4 %

Very weak

Among the 10% lowest rated companies in the industry

20152018

Net profit margin

-27.2 %

Very weak

Among the 20% lowest rated companies in the industry

20152018

Asset turnover

2.32×

Very strong

Among the 20% highest rated companies in the industry

20152018

Debt / equity

1.75×

Very weak

Among the 20% lowest rated companies in the industry

20152018

Sector performance

21 of 28 ratios graded

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

Profitability

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 20% 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.

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 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 ratioWeak

Among the 30% 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 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 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 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 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 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 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 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 debtNot rated

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

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginNot rated

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

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 20% highest rated companies in the industry

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

Equity to contributed capitalWeak

Among the 30% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

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.

One-year change in equityNot rated

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

The size of this year's increase or decrease in the company's equity.

One-year change in debtNot rated

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

The size of this year's increase or decrease in the company's debt.

Annual reports & filings

Annual report 2018
Filed via Bolagsverket / SCB · Period 2017-11-01 – 2018-10-31
Annual report 2016
Filed via Bolagsverket / SCB · Period 2015-11-01 – 2016-10-31
Annual report 2015
Filed via Bolagsverket / SCB · Period 2014-11-01 – 2015-10-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (1)


CA Conny Anders Engstrand Liquidator	Liquidator	2021 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since

Former (2)


JD Jon Daniel Nilsson Board of Directors	Board of Directors	2020 – 2021
PT Per Tommy Nilsson Deputy Board Member	Deputy Board Member	2020 – 2021

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 Wiritech AB also hold positions in 112 other companies.

Person	Role here	Other companies
Conny Anders Engstrand	Liquidator	112 companiesMany roles

Frequently asked questions

What is the Org number of Wiritech AB?

Wiritech AB is registered with Bolagsverket / SCB under Org 5568538267.

What is the revenue of Wiritech AB?

Wiritech AB reported revenue of SEK 791.0k in 2018.

How many employees does Wiritech AB have?

Wiritech AB employs 1 people as of the latest annual report.