TiSurf Technology AB

Q: What is the Org number of TiSurf Technology AB?

TiSurf Technology AB is registered with Bolagsverket / SCB under Org 5569844722.

Q: What is the revenue of TiSurf Technology AB?

TiSurf Technology AB reported revenue of SEK 348.0k in 2022.

Q: Where is TiSurf Technology AB headquartered?

TiSurf Technology AB's registered address is Sandviken.

ABBankrupt

Org 5569844722SandvikenResearch and experimental development on natural sciences and engineering· NACE 7210Est. 2014 · 12 years old0 employees

Overview

TiSurf Technology AB is a Swedish AB based in Sandviken, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2014, the company has 0 employees and reported revenue of SEK 348.0k in its latest annual filing.

Revenue 2022

0.3M SEK

−40% vs 2021

EBITDA margin

−498.6 %

−263% vs 2021

Net profit 2022

-4.5M SEK

-47% vs 2021

Key ratios

See full ratios →

77.6 %

Strong

Among the 40% highest rated companies in the industry

20182022

0.3×

Very weak

Among the 10% lowest rated companies in the industry

20182022

-19.6 %

Very weak

Among the 20% lowest rated companies in the industry

20182022

EBITDA — year on year

SEK thousands

Key figures

Annual report 2022

Revenue	0.3M SEK	-40%
EBITDA	-1.7M SEK	-263%
Net profit	-4.5M SEK	-47%
Total assets	23.1M SEK	-28%
Equity	17.9M SEK	-20%
Employees	0	—

Financial development

In its most recent annual report (2022), TiSurf Technology AB reported revenue of SEK 348.0k, a decrease of 40% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2022. The bottom line showed a net loss of SEK 4.5m, and the EBITDA margin stood at -498.6%.

At the end of 2022, equity financed 77.6% of the balance sheet, and current assets covered short-term debt 0.3 times.

Financials

Revenue

SEK thousands

EBITDA

SEK thousands

Income statement

SEK thousands

Item	2022	2021	2020	2019	2018
Revenue	348	577	951	24	3
Staff expenses	—	—	—	—	—
EBITDA	-1,735	-478	-271	-1,974	-6,157
Depreciation & amort.	-2,387	-2,391	-2,381	-1,367	-364
EBIT	-4,122	-2,869	-2,652	-3,341	-6,521
Net financials	-410	-220	-286	-234	-150
Profit before tax	-4,532	-3,088	-2,938	-3,575	-6,671
Tax	-0	-0	-0	-0	-0
Net profit	-4,532	-3,088	-2,938	-3,575	-6,671

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Balance sheet

SEK thousands

Item	2022	2021	2020	2019	2018
Total assets	23,080	32,039	27,711	29,725	31,098
Equity	17,900	22,432	19,351	21,888	21,146
Long-term debt	2,474	3,222	3,552	4,252	2,641
Short-term debt	2,706	6,385	4,808	3,584	7,310
Total debt	5,180	9,607	8,360	7,836	9,951

Financial ratios

5-year trend

EBITDA margin

-498.6 %

20182022

Equity ratio

77.6 %

Strong

Among the 40% highest rated companies in the industry

20182022

Return on equity

-25.3 %

Very weak

Among the 20% lowest rated companies in the industry

20182022

Net profit margin

<−999 %

Very weak

Among the 10% lowest rated companies in the industry

20182022

Asset turnover

0.02×

Weak

Among the 30% lowest rated companies in the industry

20182022

Debt / equity

0.29×

Average

Around the average of companies in the same industry

20182022

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 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)Very weak

Among the 20% 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)Very weak

Among the 20% 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 10% 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 ratioVery weak

Among the 10% 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 strong

Among the 10% highest 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 weak

Among the 20% lowest 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 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 20% 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 debtVery weak

Among the 10% 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 20% 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 turnoverWeak

Among the 30% lowest rated companies in the industry

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

Equity to contributed capitalVery strong

Among the 20% 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 equityWeak

Among the 30% 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 20% 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 2022
Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31
Annual report 2020
Filed via Bolagsverket / SCB · Period 2020-01-01 – 2020-12-31
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

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

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

Frequently asked questions

What is the Org number of TiSurf Technology AB?

TiSurf Technology AB is registered with Bolagsverket / SCB under Org 5569844722.

What is the revenue of TiSurf Technology AB?

TiSurf Technology AB reported revenue of SEK 348.0k in 2022.

Where is TiSurf Technology AB headquartered?

TiSurf Technology AB's registered address is Sandviken.