company

WELMAX PIPE WELDING AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

109,31 %

Current Ratio

33,57

Debt-to-Equity Ratio

26,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 017 000	4 055 000	0	0
Net Income	270 000	−12 000	−36 000	−44 000
Total Assets	6 965 000	1 063 000	4 000	4 000
Total Equity	247 000	−88 000	−76 000	−40 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 017 000	4 055 000	0	0
Expenditure	662 000	4 052 000	30 000	43 000
Operating Profit	355 000	3 000	−30 000	−43 000
Financial Income	0	0	0	0
Financial Costs	0	15 000	6 000	1 000
Financial Balance	0	−15 000	−6 000	−1 000
Earnings Before Tax	355 000	−12 000	−36 000	−44 000
Tax	85 000	0	0	0
Net Income	270 000	−12 000	−36 000	−44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	43 000	0	0
Total Current Assets	6 949 000	1 020 000	4 000	4 000
Total Assets	6 965 000	1 063 000	4 000	4 000
Total Retained Equity	187 000	−109 000	−97 000	−62 000
Total Equity	247 000	−88 000	−76 000	−40 000
Total Long-Term Debt	6 511 000	44 000	49 000	21 000
Total Current Debt	207 000	1 107 000	31 000	24 000
Total Equity and Debt	6 965 000	1 063 000	4 000	4 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 017 000	4 055 000	0	0
Other Income	0	0	0	0
Revenue	1 017 000	4 055 000	0	0
Cost of Goods Sold	391 000	2 114 000	0	0
Salary Costs	−127 000	1 711 000	0	0
Depreciation	4 000	0	0	0
Impairment	0	0	0	0
Expenditure	662 000	4 052 000	30 000	43 000
Operating Profit	355 000	3 000	−30 000	−43 000
Financial Income	0	0	0	0
Financial Costs	0	15 000	6 000	1 000
Financial Balance	0	−15 000	−6 000	−1 000
Dividends	0	0	0	0
Net Income	270 000	−12 000	−36 000	−44 000

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	20 000	0	0
Total Tangible Assets	16 000	20 000	0	0
Total Fiancial Fixed Assets	0	24 000	0	0
Total Fixed Assets	16 000	43 000	0	0
Stock	6 560 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	147 000	588 000	4 000	4 000
Total Current Assets	6 949 000	1 020 000	4 000	4 000
Total Assets	6 965 000	1 063 000	4 000	4 000
Total Equity	247 000	−88 000	−76 000	−40 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 511 000	44 000	49 000	21 000
Creditors	63 000	259 000	31 000	24 000
Unpaid Taxes	0	562 000	0	0
Dividends	0	0	0	0
Other Current Debt	60 000	286 000	0	0
Total Current Debt	207 000	1 107 000	31 000	24 000
Total Equity and Debt	6 965 000	1 063 000	4 000	4 000

Financial indicators	2022	2021	2020	2019
Return on Equity	109,31 %	13,64 %	47,37 %	110 %
Debt-to-Equity Ratio	26,36	−0,5	−0,64	−0,53
Operating Profit Margin	34,91 %	0,07 %	-	-
Current Ratio	33,57	0,92	0,13	0,17
Quick Ratio	−1,09	0,92	0,13	0,17
Equity Ratio	0,04	−0,08	−19	−10
Gross Profit Margin	61,55 %	47,87 %	-	-

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