FLEXEL AS

9154 STORSLETT

Finances

Share Ownership

Return on Equity

−108,89 %

Current Ratio

0,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 971 000	7 715 000	4 297 000
Net Income	−147 000	23 000	257 000
Total Assets	972 000	600 000	806 000
Total Equity	135 000	303 000	280 000

Income (NOK)	2022	2021	2020
Revenue	2 971 000	7 715 000	4 297 000
Expenditure	3 129 000	7 684 000	3 970 000
Operating Profit	−158 000	30 000	328 000
Financial Income	0	0	0
Financial Costs	30 000	1 000	0
Financial Balance	−30 000	−1 000	0
Earnings Before Tax	−188 000	29 000	328 000
Tax	−41 000	6 000	70 000
Net Income	−147 000	23 000	257 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	173 000	137 000	248 000
Total Current Assets	798 000	463 000	558 000
Total Assets	972 000	600 000	806 000
Total Retained Equity	112 000	280 000	257 000
Total Equity	135 000	303 000	280 000
Total Long-Term Debt	0	7 000	4 000
Total Current Debt	837 000	291 000	522 000
Total Equity and Debt	972 000	600 000	806 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 009 000	8 000 000	4 297 000
Other Income	−38 000	−285 000	0
Revenue	2 971 000	7 715 000	4 297 000
Cost of Goods Sold	2 183 000	6 728 000	3 100 000
Salary Costs	539 000	429 000	369 000
Depreciation	18 000	18 000	14 000
Impairment	0	0	0
Expenditure	3 129 000	7 684 000	3 970 000
Operating Profit	−158 000	30 000	328 000
Financial Income	0	0	0
Financial Costs	30 000	1 000	0
Financial Balance	−30 000	−1 000	0
Dividends	0	0	0
Net Income	−147 000	23 000	257 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	34 000	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	41 000	0	0
Fixtures	0	59 000	77 000
Total Tangible Assets	41 000	59 000	77 000
Total Fiancial Fixed Assets	98 000	78 000	171 000
Total Fixed Assets	173 000	137 000	248 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	274 000	252 000	315 000
Total Current Assets	798 000	463 000	558 000
Total Assets	972 000	600 000	806 000
Total Equity	135 000	303 000	280 000
Short-Term Group Debt	21 000	0	0
Total Long-Term Debt	0	7 000	4 000
Creditors	513 000	64 000	301 000
Unpaid Taxes	126 000	63 000	16 000
Dividends	0	0	0
Other Current Debt	177 000	160 000	139 000
Total Current Debt	837 000	291 000	522 000
Total Equity and Debt	972 000	600 000	806 000

Financial indicators	2022	2021	2020
Return on Equity	−108,89 %	7,59 %	91,79 %
Debt-to-Equity Ratio	0	0,02	0,01
Operating Profit Margin	−5,32 %	0,39 %	7,63 %
Current Ratio	0,95	1,59	1,07
Quick Ratio	0,95	1,59	1,07
Equity Ratio	0,14	0,51	0,35
Gross Profit Margin	26,52 %	12,79 %	27,86 %