VELOX ELECTRO NORDICS AS

4879 GRIMSTAD

Finances

Share Ownership

Return on Equity

28,38 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	80 082 000	113 551 000	63 402 000	49 053 000
Net Income	2 838 000	3 807 000	2 659 000	2 348 000
Total Assets	39 832 000	29 510 000	32 361 000	15 587 000
Total Equity	10 000 000	10 657 000	6 850 000	4 191 000

Income (NOK)	2022	2021	2020	2019
Revenue	80 082 000	113 551 000	63 402 000	49 053 000
Expenditure	76 446 000	108 702 000	60 108 000	45 872 000
Operating Profit	3 636 000	4 850 000	3 294 000	3 181 000
Financial Income	338 000	82 000	183 000	11 000
Financial Costs	267 000	23 000	87 000	87 000
Financial Balance	71 000	59 000	96 000	−76 000
Earnings Before Tax	3 708 000	4 909 000	3 391 000	3 105 000
Tax	870 000	1 102 000	732 000	757 000
Net Income	2 838 000	3 807 000	2 659 000	2 348 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 174 000	5 691 000	4 467 000	2 457 000
Total Current Assets	34 659 000	23 819 000	27 894 000	13 130 000
Total Assets	39 832 000	29 510 000	32 361 000	15 587 000
Total Retained Equity	9 960 000	10 617 000	6 810 000	4 151 000
Total Equity	10 000 000	10 657 000	6 850 000	4 191 000
Total Long-Term Debt	1 616 000	1 794 000	604 000	0
Total Current Debt	28 217 000	17 059 000	24 907 000	11 396 000
Total Equity and Debt	39 832 000	29 510 000	32 361 000	15 587 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	80 082 000	113 551 000	63 402 000	49 038 000
Other Income	0	0	0	16 000
Revenue	80 082 000	113 551 000	63 402 000	49 053 000
Cost of Goods Sold	32 816 000	69 919 000	29 009 000	17 515 000
Salary Costs	31 460 000	29 610 000	22 663 000	20 562 000
Depreciation	848 000	859 000	379 000	118 000
Impairment	0	0	0	0
Expenditure	76 446 000	108 702 000	60 108 000	45 872 000
Operating Profit	3 636 000	4 850 000	3 294 000	3 181 000
Financial Income	338 000	82 000	183 000	11 000
Financial Costs	267 000	23 000	87 000	87 000
Financial Balance	71 000	59 000	96 000	−76 000
Dividends	0	0	0	0
Net Income	2 838 000	3 807 000	2 659 000	2 348 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 303 000	4 738 000	3 854 000	1 894 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	870 000	952 000	551 000	438 000
Total Tangible Assets	870 000	952 000	551 000	438 000
Total Fiancial Fixed Assets	0	0	62 000	124 000
Total Fixed Assets	5 174 000	5 691 000	4 467 000	2 457 000
Stock	2 293 000	600 000	175 000	171 000
Total Investments	0	0	0	0
Cash, Bank	3 162 000	4 091 000	2 773 000	3 584 000
Total Current Assets	34 659 000	23 819 000	27 894 000	13 130 000
Total Assets	39 832 000	29 510 000	32 361 000	15 587 000
Total Equity	10 000 000	10 657 000	6 850 000	4 191 000
Short-Term Group Debt	7 984 000	248 000	7 180 000	0
Total Long-Term Debt	1 616 000	1 794 000	604 000	0
Creditors	5 943 000	8 945 000	9 571 000	4 083 000
Unpaid Taxes	5 351 000	1 587 000	2 647 000	2 331 000
Dividends	0	0	0	0
Other Current Debt	5 461 000	4 732 000	5 479 000	4 226 000
Total Current Debt	28 217 000	17 059 000	24 907 000	11 396 000
Total Equity and Debt	39 832 000	29 510 000	32 361 000	15 587 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,38 %	35,72 %	38,82 %	56,02 %
Debt-to-Equity Ratio	0,16	0,17	0,09	0
Operating Profit Margin	4,54 %	4,27 %	5,2 %	6,48 %
Current Ratio	1,23	1,4	1,12	1,15
Quick Ratio	1,34	1,45	1,13	1,17
Equity Ratio	0,25	0,36	0,21	0,27
Gross Profit Margin	59,02 %	38,43 %	54,25 %	64,29 %