KUEL NORDIC

1365 BLOMMENHOLM

Finances

Share Ownership

Return on Equity

14,69 %

Current Ratio

0,19

Debt-to-Equity Ratio

−0,01

Key figures (NOK)	2022	2021	2020
Revenue	4 061 000	1 758 000	0
Net Income	−418 000	−1 415 000	−899 000
Total Assets	841 000	457 000	254 000
Total Equity	−2 845 000	−2 427 000	−899 000

Income (NOK)	2022	2021	2020
Revenue	4 061 000	1 758 000	0
Expenditure	4 166 000	3 171 000	1 152 000
Operating Profit	−105 000	−1 413 000	−1 153 000
Financial Income	0	0	0
Financial Costs	2 000	2 000	0
Financial Balance	−2 000	−2 000	0
Earnings Before Tax	−107 000	−1 415 000	−1 153 000
Tax	311 000	0	−254 000
Net Income	−418 000	−1 415 000	−899 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	152 000	407 000	254 000
Total Current Assets	689 000	50 000	0
Total Assets	841 000	457 000	254 000
Total Retained Equity	−2 845 000	−2 427 000	−899 000
Total Equity	−2 845 000	−2 427 000	−899 000
Total Long-Term Debt	26 000	0	0
Total Current Debt	3 660 000	2 884 000	1 153 000
Total Equity and Debt	841 000	457 000	254 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 061 000	1 758 000	0
Other Income	0	0	0
Revenue	4 061 000	1 758 000	0
Cost of Goods Sold	1 167 000	514 000	2 000
Salary Costs	2 519 000	2 050 000	1 022 000
Depreciation	60 000	27 000	0
Impairment	0	0	0
Expenditure	4 166 000	3 171 000	1 152 000
Operating Profit	−105 000	−1 413 000	−1 153 000
Financial Income	0	0	0
Financial Costs	2 000	2 000	0
Financial Balance	−2 000	−2 000	0
Dividends	0	0	0
Net Income	−418 000	−1 415 000	−899 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	286 000	254 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	152 000	121 000	0
Total Tangible Assets	152 000	121 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	152 000	407 000	254 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	7 000	45 000	0
Total Current Assets	689 000	50 000	0
Total Assets	841 000	457 000	254 000
Total Equity	−2 845 000	−2 427 000	−899 000
Short-Term Group Debt	2 139 000	2 139 000	0
Total Long-Term Debt	26 000	0	0
Creditors	150 000	122 000	0
Unpaid Taxes	546 000	183 000	100 000
Dividends	0	0	0
Other Current Debt	825 000	440 000	1 053 000
Total Current Debt	3 660 000	2 884 000	1 153 000
Total Equity and Debt	841 000	457 000	254 000

Financial indicators	2022	2021	2020
Return on Equity	14,69 %	58,3 %	100 %
Debt-to-Equity Ratio	−0,01	−0	−0
Operating Profit Margin	−2,59 %	−80,38 %	-
Current Ratio	0,19	0,02	0
Quick Ratio	0,19	0,02	0
Equity Ratio	−3,38	−5,31	−3,54
Gross Profit Margin	71,26 %	70,76 %	-