Race Design Performance AB

ABIn liquidation

Org 5569830093Manufacture of other parts and accessories for motor vehicles· NACE 2932Est. 2014 · 12 years old0 employees

Overview

Race Design Performance AB is a Swedish AB, operating in the Manufacture of other parts and accessories for motor vehicles sector. Incorporated in 2014, the company has 0 employees and reported revenue of SEK 280.0k in its latest annual filing.

Revenue 2020

280K SEK

−73% vs 2019

EBITDA margin

−81.1 %

+29% vs 2019

Net profit 2020

-228K SEK

+32% vs 2019

Key ratios

See full ratios →

62.5 %

Strong

Among the 40% highest rated companies in the industry

20162020

2.7×

Average

Around the average of companies in the same industry

20162020

-407.1 %

Very weak

Among the 10% lowest rated companies in the industry

20162020

EBITDA — year on year

SEK thousands

Key figures

Annual report 2020

Revenue	280K SEK	-73%
EBITDA	-227K SEK	+29%
Net profit	-228K SEK	+32%
Total assets	56K SEK	-85%
Equity	35K SEK	-86%
Employees	0	—

Financial development

In its most recent annual report (2020), Race Design Performance AB reported revenue of SEK 280.0k, a decrease of 73% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net loss of SEK 228.0k, and the EBITDA margin stood at -81.1%.

At the end of 2020, equity financed 62.5% of the balance sheet, and current assets covered short-term debt 2.7 times.

Financials

Revenue

SEK thousands

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2020	2019	2018	2017	2016
Revenue	280	1,023	2,399	3,744	3,110
Staff expenses	—	—	—	—	—
EBITDA	-227	-321	286	63	465
Depreciation & amort.	-0	-13	-33	-20	-19
EBIT	-227	-334	253	43	446
Net financials	-1	-2	-3	-5	—
Profit before tax	-228	-336	250	138	346
Tax	-0	-0	-55	-32	-76
Net profit	-228	-336	195	106	270

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Balance sheet

SEK thousands

Item	2020	2019	2018	2017	2016
Total assets	56	372	704	751	1,210
Equity	35	251	587	492	486
Long-term debt	0	32	0	59	104
Short-term debt	21	88	117	201	520
Total debt	21	120	117	260	624

Financial ratios

5-year trend

EBITDA margin

-81.1 %

20162020

Equity ratio

62.5 %

Strong

Among the 40% highest rated companies in the industry

20162020

Return on equity

-651.4 %

Very weak

Among the 10% lowest rated companies in the industry

20162020

Net profit margin

-81.4 %

Very weak

Among the 10% lowest rated companies in the industry

20162020

Asset turnover

5.00×

Very strong

Among the 10% highest rated companies in the industry

20162020

Debt / equity

0.60×

Average

Around the average of companies in the same industry

20162020

Sector performance

25 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 10% 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.

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 ratioAverage

Around the average of companies in the same 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 ratioStrong

Among the 30% highest 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 equityAverage

Around the average of companies in the same 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 40% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioStrong

Among the 40% highest 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 ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityAverage

Around the average of companies in the same industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityStrong

Among the 40% highest 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 10% 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 10% 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 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 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 capitalVery weak

Among the 10% 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 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 2020
Filed via Bolagsverket / SCB · Period 2019-09-01 – 2020-08-31
Annual report 2019
Filed via Bolagsverket / SCB · Period 2018-09-01 – 2019-08-31
Annual report 2018
Filed via Bolagsverket / SCB · Period 2017-09-01 – 2018-08-31
Annual report 2017
Filed via Bolagsverket / SCB · Period 2016-09-01 – 2017-08-31
Annual report 2016
Filed via Bolagsverket / SCB · Period 2015-09-01 – 2016-08-31

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
AE Anna Elisabeth Adolfsson Liquidator	Liquidator	2020

Board of directors

Non-executive oversight

Name	Role	Member since

Former (2)


SH Sofia Haglund Deputy Board Member	Deputy Board Member	2020 – 2021
PJ Per Johan Persson Board of Directors	Board of Directors	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 Race Design Performance AB also hold positions in 2657 other companies.

Person	Role here	Other companies
Anna Elisabeth Adolfsson	Liquidator	2,654 companiesMany roles
Sofia Haglund	Deputy Board Member	2 companies
Per Johan Persson	Board of Directors	1 company

Frequently asked questions

What is the Org number of Race Design Performance AB?

Race Design Performance AB is registered with Bolagsverket / SCB under Org 5569830093.

What is the revenue of Race Design Performance AB?

Race Design Performance AB reported revenue of SEK 280.0k in 2020.