VELOX TECH AS

5563 FØRRESFJORDEN

Finances

Share Ownership

Return on Equity

115,74 %

Current Ratio

3,01

Debt-to-Equity Ratio

0,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 513 000	6 059 000	4 693 000	1 717 000
Net Income	2 787 000	−2 290 000	1 668 000	53 000
Total Assets	6 364 000	3 503 000	4 891 000	713 000
Total Equity	2 408 000	−536 000	1 755 000	86 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 513 000	6 059 000	4 693 000	1 717 000
Expenditure	9 181 000	8 327 000	2 546 000	1 665 000
Operating Profit	2 332 000	−2 268 000	2 148 000	52 000
Financial Income	27 000	9 000	6 000	0
Financial Costs	30 000	18 000	15 000	0
Financial Balance	−3 000	−9 000	−9 000	0
Earnings Before Tax	2 329 000	−2 277 000	2 139 000	52 000
Tax	−458 000	14 000	470 000	−1 000
Net Income	2 787 000	−2 290 000	1 668 000	53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	477 000	0	0	0
Total Current Assets	5 888 000	3 503 000	4 891 000	713 000
Total Assets	6 364 000	3 503 000	4 891 000	713 000
Total Retained Equity	2 378 000	−560 000	1 730 000	62 000
Total Equity	2 408 000	−536 000	1 755 000	86 000
Total Long-Term Debt	2 000 000	2 000 000	1 000 000	0
Total Current Debt	1 956 000	2 039 000	2 136 000	627 000
Total Equity and Debt	6 364 000	3 503 000	4 891 000	713 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 513 000	6 059 000	4 694 000	1 716 000
Other Income	0	0	0	0
Revenue	11 513 000	6 059 000	4 693 000	1 717 000
Cost of Goods Sold	2 857 000	1 622 000	322 000	0
Salary Costs	5 123 000	4 503 000	1 840 000	1 181 000
Depreciation	7 000	0	0	0
Impairment	0	0	0	0
Expenditure	9 181 000	8 327 000	2 546 000	1 665 000
Operating Profit	2 332 000	−2 268 000	2 148 000	52 000
Financial Income	27 000	9 000	6 000	0
Financial Costs	30 000	18 000	15 000	0
Financial Balance	−3 000	−9 000	−9 000	0
Dividends	0	0	0	0
Net Income	2 787 000	−2 290 000	1 668 000	53 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	458 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	19 000	0	0	0
Total Tangible Assets	19 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	477 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 700 000	3 435 000	2 511 000	241 000
Total Current Assets	5 888 000	3 503 000	4 891 000	713 000
Total Assets	6 364 000	3 503 000	4 891 000	713 000
Total Equity	2 408 000	−536 000	1 755 000	86 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000 000	2 000 000	1 000 000	0
Creditors	431 000	358 000	125 000	222 000
Unpaid Taxes	802 000	1 278 000	1 148 000	175 000
Dividends	0	0	0	0
Other Current Debt	722 000	396 000	398 000	228 000
Total Current Debt	1 956 000	2 039 000	2 136 000	627 000
Total Equity and Debt	6 364 000	3 503 000	4 891 000	713 000

Financial indicators	2022	2021	2020	2019
Return on Equity	115,74 %	427,24 %	95,04 %	61,63 %
Debt-to-Equity Ratio	0,83	−3,73	0,57	0
Operating Profit Margin	20,26 %	−37,43 %	45,77 %	3,03 %
Current Ratio	3,01	1,72	2,29	1,14
Quick Ratio	3,01	1,72	2,29	1,14
Equity Ratio	0,38	−0,15	0,36	0,12
Gross Profit Margin	75,18 %	73,23 %	93,14 %	100 %