VELDES MALERSERVICE AS

4276 VEAVÅGEN

Finances

Return on Equity

−15,8 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 544 000	11 678 000	14 020 000	12 999 000
Net Income	−415 000	283 000	802 000	−401 000
Total Assets	4 158 000	5 179 000	4 268 000	3 832 000
Total Equity	2 626 000	2 953 000	2 564 000	1 750 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 544 000	11 678 000	14 020 000	12 999 000
Expenditure	10 064 000	11 522 000	13 071 000	13 510 000
Operating Profit	−521 000	156 000	948 000	−511 000
Financial Income	1 000	169 000	70 000	7 000
Financial Costs	12 000	8 000	8 000	10 000
Financial Balance	−11 000	161 000	62 000	−3 000
Earnings Before Tax	−532 000	317 000	1 010 000	−515 000
Tax	−117 000	33 000	208 000	−113 000
Net Income	−415 000	283 000	802 000	−401 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	555 000	480 000	357 000	625 000
Total Current Assets	3 604 000	4 699 000	3 911 000	3 207 000
Total Assets	4 158 000	5 179 000	4 268 000	3 832 000
Total Retained Equity	2 226 000	2 553 000	2 164 000	1 350 000
Total Equity	2 626 000	2 953 000	2 564 000	1 750 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 532 000	2 226 000	1 704 000	2 082 000
Total Equity and Debt	4 158 000	5 179 000	4 268 000	3 832 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 534 000	11 678 000	14 020 000	12 999 000
Other Income	10 000	0	0	0
Revenue	9 544 000	11 678 000	14 020 000	12 999 000
Cost of Goods Sold	4 554 000	5 566 000	6 767 000	5 721 000
Salary Costs	3 949 000	4 466 000	4 586 000	5 723 000
Depreciation	101 000	50 000	57 000	58 000
Impairment	0	0	0	0
Expenditure	10 064 000	11 522 000	13 071 000	13 510 000
Operating Profit	−521 000	156 000	948 000	−511 000
Financial Income	1 000	169 000	70 000	7 000
Financial Costs	12 000	8 000	8 000	10 000
Financial Balance	−11 000	161 000	62 000	−3 000
Dividends	0	0	0	0
Net Income	−415 000	283 000	802 000	−401 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	155 000	19 000	82 000	294 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	399 000	459 000	254 000	311 000
Total Tangible Assets	399 000	459 000	254 000	311 000
Total Fiancial Fixed Assets	1 000	2 000	21 000	20 000
Total Fixed Assets	555 000	480 000	357 000	625 000
Stock	1 829 000	1 561 000	1 549 000	1 926 000
Total Investments	0	0	0	0
Cash, Bank	137 000	199 000	152 000	195 000
Total Current Assets	3 604 000	4 699 000	3 911 000	3 207 000
Total Assets	4 158 000	5 179 000	4 268 000	3 832 000
Total Equity	2 626 000	2 953 000	2 564 000	1 750 000
Short-Term Group Debt	0	0	0	310 000
Total Long-Term Debt	0	0	0	0
Creditors	277 000	472 000	342 000	344 000
Unpaid Taxes	366 000	481 000	499 000	569 000
Dividends	0	0	0	0
Other Current Debt	562 000	906 000	659 000	802 000
Total Current Debt	1 532 000	2 226 000	1 704 000	2 082 000
Total Equity and Debt	4 158 000	5 179 000	4 268 000	3 832 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,8 %	9,58 %	31,28 %	−22,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,46 %	1,34 %	6,76 %	−3,93 %
Current Ratio	2,35	2,11	2,3	1,54
Quick Ratio	−12,13	7,07	25,23	20,56
Equity Ratio	0,63	0,57	0,6	0,46
Gross Profit Margin	52,28 %	52,34 %	51,73 %	55,99 %