BELIEF GROUP AS

0157 OSLO

Finances

Share Ownership

Return on Equity

−8,76 %

Current Ratio

1,71

Debt-to-Equity Ratio

0,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 602 000	3 334 000	1 156 000	0
Net Income	−41 000	249 000	281 000	−1 000
Total Assets	1 647 000	1 568 000	1 046 000	0
Total Equity	468 000	509 000	261 000	−20 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 602 000	3 334 000	1 156 000	0
Expenditure	4 643 000	3 010 000	782 000	1 000
Operating Profit	−41 000	324 000	375 000	−1 000
Financial Income	1 000	1 000	0	0
Financial Costs	1 000	3 000	15 000	0
Financial Balance	0	−2 000	−15 000	0
Earnings Before Tax	−41 000	322 000	359 000	−1 000
Tax	0	74 000	78 000	0
Net Income	−41 000	249 000	281 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 647 000	1 568 000	1 046 000	0
Total Assets	1 647 000	1 568 000	1 046 000	0
Total Retained Equity	424 000	465 000	216 000	−64 000
Total Equity	468 000	509 000	261 000	−20 000
Total Long-Term Debt	215 000	215 000	315 000	15 000
Total Current Debt	964 000	844 000	470 000	5 000
Total Equity and Debt	1 647 000	1 568 000	1 046 000	0

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 602 000	3 334 000	1 156 000	0
Other Income	0	0	0	0
Revenue	4 602 000	3 334 000	1 156 000	0
Cost of Goods Sold	79 000	72 000	225 000	0
Salary Costs	3 997 000	2 774 000	497 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 643 000	3 010 000	782 000	1 000
Operating Profit	−41 000	324 000	375 000	−1 000
Financial Income	1 000	1 000	0	0
Financial Costs	1 000	3 000	15 000	0
Financial Balance	0	−2 000	−15 000	0
Dividends	0	0	0	0
Net Income	−41 000	249 000	281 000	−1 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	990 000	1 026 000	573 000	0
Total Current Assets	1 647 000	1 568 000	1 046 000	0
Total Assets	1 647 000	1 568 000	1 046 000	0
Total Equity	468 000	509 000	261 000	−20 000
Short-Term Group Debt	1 000	1 000	1 000	0
Total Long-Term Debt	215 000	215 000	315 000	15 000
Creditors	39 000	23 000	95 000	0
Unpaid Taxes	528 000	464 000	242 000	0
Dividends	0	0	0	0
Other Current Debt	396 000	282 000	54 000	5 000
Total Current Debt	964 000	844 000	470 000	5 000
Total Equity and Debt	1 647 000	1 568 000	1 046 000	0

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,76 %	48,92 %	107,66 %	5 %
Debt-to-Equity Ratio	0,46	0,42	1,21	−0,75
Operating Profit Margin	−0,89 %	9,72 %	32,44 %	-
Current Ratio	1,71	1,86	2,23	0
Quick Ratio	1,71	1,86	2,23	0
Equity Ratio	0,28	0,32	0,25	-
Gross Profit Margin	98,28 %	97,84 %	80,54 %	-