MECWELD AS

1900 FETSUND

Finances

Share Ownership

Return on Equity

−181,87 %

Current Ratio

0,67

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 012 000	1 814 000	3 447 000	2 471 000
Net Income	351 000	−26 000	30 000	−377 000
Total Assets	631 000	704 000	1 353 000	468 000
Total Equity	−193 000	−543 000	−517 000	−548 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 012 000	1 814 000	3 447 000	2 471 000
Expenditure	2 653 000	1 822 000	3 387 000	2 818 000
Operating Profit	359 000	−8 000	59 000	−348 000
Financial Income	0	0	0	0
Financial Costs	8 000	18 000	29 000	29 000
Financial Balance	−8 000	−18 000	−29 000	−29 000
Earnings Before Tax	351 000	−26 000	30 000	−377 000
Tax	0	0	0	0
Net Income	351 000	−26 000	30 000	−377 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	76 000	60 000	73 000	86 000
Total Current Assets	555 000	643 000	1 280 000	382 000
Total Assets	631 000	704 000	1 353 000	468 000
Total Retained Equity	−263 000	−613 000	−587 000	−618 000
Total Equity	−193 000	−543 000	−517 000	−548 000
Total Long-Term Debt	0	53 000	153 000	0
Total Current Debt	824 000	1 194 000	1 717 000	1 015 000
Total Equity and Debt	631 000	704 000	1 353 000	468 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 012 000	1 777 000	3 447 000	2 471 000
Other Income	0	38 000	0	0
Revenue	3 012 000	1 814 000	3 447 000	2 471 000
Cost of Goods Sold	1 705 000	812 000	1 149 000	871 000
Salary Costs	553 000	591 000	1 595 000	1 356 000
Depreciation	1 000	12 000	3 000	6 000
Impairment	0	0	10 000	0
Expenditure	2 653 000	1 822 000	3 387 000	2 818 000
Operating Profit	359 000	−8 000	59 000	−348 000
Financial Income	0	0	0	0
Financial Costs	8 000	18 000	29 000	29 000
Financial Balance	−8 000	−18 000	−29 000	−29 000
Dividends	0	0	0	0
Net Income	351 000	−26 000	30 000	−377 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	0	12 000	25 000
Total Tangible Assets	16 000	0	12 000	25 000
Total Fiancial Fixed Assets	60 000	60 000	60 000	60 000
Total Fixed Assets	76 000	60 000	73 000	86 000
Stock	129 000	252 000	243 000	280 000
Total Investments	0	0	0	0
Cash, Bank	71 000	112 000	3 000	0
Total Current Assets	555 000	643 000	1 280 000	382 000
Total Assets	631 000	704 000	1 353 000	468 000
Total Equity	−193 000	−543 000	−517 000	−548 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	53 000	153 000	0
Creditors	487 000	774 000	804 000	317 000
Unpaid Taxes	52 000	88 000	259 000	99 000
Dividends	0	0	0	0
Other Current Debt	285 000	331 000	653 000	423 000
Total Current Debt	824 000	1 194 000	1 717 000	1 015 000
Total Equity and Debt	631 000	704 000	1 353 000	468 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−181,87 %	4,79 %	−5,8 %	68,8 %
Debt-to-Equity Ratio	−0	−0,1	−0,3	−0
Operating Profit Margin	11,92 %	−0,44 %	1,71 %	−14,08 %
Current Ratio	0,67	0,54	0,75	0,38
Quick Ratio	0,8	0,68	0,87	0,52
Equity Ratio	−0,31	−0,77	−0,38	−1,17
Gross Profit Margin	43,39 %	55,24 %	66,67 %	64,75 %