VEEL HOLDING AS

1361 ØSTERÅS

Finances

Return on Equity

64,37 %

Current Ratio

3,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 861 000	1 433 000	2 077 000	1 365 000
Net Income	681 000	314 000	1 361 000	−569 000
Total Assets	1 535 000	1 000 000	517 000	768 000
Total Equity	1 058 000	376 000	63 000	−1 298 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 861 000	1 433 000	2 077 000	1 365 000
Expenditure	744 000	860 000	95 000	76 000
Operating Profit	1 116 000	573 000	1 981 000	1 289 000
Financial Income	1 000	0	49 000	0
Financial Costs	189 000	133 000	237 000	1 607 000
Financial Balance	−188 000	−133 000	−188 000	−1 607 000
Earnings Before Tax	928 000	440 000	1 794 000	−318 000
Tax	247 000	126 000	433 000	251 000
Net Income	681 000	314 000	1 361 000	−569 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 000	19 000	89 000	192 000
Total Current Assets	1 529 000	981 000	428 000	576 000
Total Assets	1 535 000	1 000 000	517 000	768 000
Total Retained Equity	1 028 000	346 000	33 000	−1 328 000
Total Equity	1 058 000	376 000	63 000	−1 298 000
Total Long-Term Debt	0	0	0	1 800 000
Total Current Debt	477 000	623 000	455 000	266 000
Total Equity and Debt	1 535 000	1 000 000	517 000	768 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 861 000	1 433 000	2 077 000	1 365 000
Other Income	0	0	0	0
Revenue	1 861 000	1 433 000	2 077 000	1 365 000
Cost of Goods Sold	0	0	0	0
Salary Costs	629 000	746 000	0	2 000
Depreciation	12 000	12 000	18 000	14 000
Impairment	0	0	0	0
Expenditure	744 000	860 000	95 000	76 000
Operating Profit	1 116 000	573 000	1 981 000	1 289 000
Financial Income	1 000	0	49 000	0
Financial Costs	189 000	133 000	237 000	1 607 000
Financial Balance	−188 000	−133 000	−188 000	−1 607 000
Dividends	0	0	0	0
Net Income	681 000	314 000	1 361 000	−569 000

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	6 000	19 000	31 000	12 000
Total Tangible Assets	6 000	19 000	31 000	12 000
Total Fiancial Fixed Assets	0	0	58 000	180 000
Total Fixed Assets	6 000	19 000	89 000	192 000
Stock	0	0	0	0
Total Investments	118 000	307 000	31 000	129 000
Cash, Bank	1 192 000	555 000	252 000	258 000
Total Current Assets	1 529 000	981 000	428 000	576 000
Total Assets	1 535 000	1 000 000	517 000	768 000
Total Equity	1 058 000	376 000	63 000	−1 298 000
Short-Term Group Debt	0	0	8 000	9 000
Total Long-Term Debt	0	0	0	1 800 000
Creditors	17 000	16 000	14 000	5 000
Unpaid Taxes	133 000	42 000	0	0
Dividends	0	0	0	0
Other Current Debt	80 000	439 000	0	0
Total Current Debt	477 000	623 000	455 000	266 000
Total Equity and Debt	1 535 000	1 000 000	517 000	768 000

Financial indicators	2022	2021	2020	2019
Return on Equity	64,37 %	83,51 %	2 160,32 %	43,84 %
Debt-to-Equity Ratio	0	0	0	−1,39
Operating Profit Margin	59,97 %	39,99 %	95,38 %	94,43 %
Current Ratio	3,21	1,57	0,94	2,17
Quick Ratio	3,21	1,57	0,94	2,17
Equity Ratio	0,69	0,38	0,12	−1,69
Gross Profit Margin	100 %	100 %	100 %	100 %