MASSIVTRE AS

4876 GRIMSTAD

Finances

Share Ownership

Return on Equity

6,61 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	68 542 000	33 805 000	20 416 000	24 099 000
Net Income	256 000	−189 000	−867 000	57 000
Total Assets	17 412 000	3 020 000	2 030 000	6 084 000
Total Equity	3 874 000	−2 382 000	−2 192 000	−1 325 000

Income (NOK)	2022	2021	2020	2019
Revenue	68 542 000	33 805 000	20 416 000	24 099 000
Expenditure	68 180 000	33 820 000	21 137 000	23 874 000
Operating Profit	362 000	−15 000	−720 000	224 000
Financial Income	68 000	13 000	53 000	1 000
Financial Costs	175 000	188 000	201 000	168 000
Financial Balance	−107 000	−175 000	−148 000	−167 000
Earnings Before Tax	256 000	−189 000	−867 000	57 000
Tax	0	0	0	0
Net Income	256 000	−189 000	−867 000	57 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	74 000	79 000	73 000	99 000
Total Current Assets	17 338 000	2 941 000	1 956 000	5 985 000
Total Assets	17 412 000	3 020 000	2 030 000	6 084 000
Total Retained Equity	0	−2 482 000	−2 292 000	−1 425 000
Total Equity	3 874 000	−2 382 000	−2 192 000	−1 325 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 538 000	5 402 000	4 222 000	7 409 000
Total Equity and Debt	17 412 000	3 020 000	2 030 000	6 084 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	68 542 000	33 805 000	20 416 000	24 099 000
Other Income	0	0	0	0
Revenue	68 542 000	33 805 000	20 416 000	24 099 000
Cost of Goods Sold	59 794 000	26 838 000	13 573 000	17 717 000
Salary Costs	5 803 000	5 294 000	4 899 000	3 747 000
Depreciation	21 000	19 000	71 000	5 000
Impairment	0	0	0	0
Expenditure	68 180 000	33 820 000	21 137 000	23 874 000
Operating Profit	362 000	−15 000	−720 000	224 000
Financial Income	68 000	13 000	53 000	1 000
Financial Costs	175 000	188 000	201 000	168 000
Financial Balance	−107 000	−175 000	−148 000	−167 000
Dividends	0	0	0	0
Net Income	256 000	−189 000	−867 000	57 000

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	51 000	39 000	17 000	87 000
Total Tangible Assets	51 000	39 000	17 000	87 000
Total Fiancial Fixed Assets	23 000	40 000	56 000	12 000
Total Fixed Assets	74 000	79 000	73 000	99 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	208 000	206 000	291 000	144 000
Total Current Assets	17 338 000	2 941 000	1 956 000	5 985 000
Total Assets	17 412 000	3 020 000	2 030 000	6 084 000
Total Equity	3 874 000	−2 382 000	−2 192 000	−1 325 000
Short-Term Group Debt	0	7 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 309 000	363 000	388 000	3 100 000
Unpaid Taxes	4 682 000	1 445 000	1 048 000	675 000
Dividends	0	0	0	0
Other Current Debt	1 538 000	1 586 000	1 906 000	882 000
Total Current Debt	13 538 000	5 402 000	4 222 000	7 409 000
Total Equity and Debt	17 412 000	3 020 000	2 030 000	6 084 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,61 %	7,93 %	39,55 %	−4,3 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	0,53 %	−0,04 %	−3,53 %	0,93 %
Current Ratio	1,28	0,54	0,46	0,81
Quick Ratio	1,28	0,54	0,46	0,81
Equity Ratio	0,22	−0,79	−1,08	−0,22
Gross Profit Margin	12,76 %	20,61 %	33,52 %	26,48 %