VBK NORDIC AS

3183 HORTEN

Finances

Share Ownership

Return on Equity

−1 232,12 %

Current Ratio

0,86

Debt-to-Equity Ratio

3,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 535 000	51 862 000	23 807 000	15 340 000
Net Income	−2 033 000	−2 040 000	268 000	−1 320 000
Total Assets	6 379 000	11 176 000	8 900 000	13 382 000
Total Equity	165 000	2 198 000	4 238 000	2 265 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 535 000	51 862 000	23 807 000	15 340 000
Expenditure	26 408 000	53 262 000	23 470 000	16 595 000
Operating Profit	−1 873 000	−1 400 000	337 000	−1 254 000
Financial Income	4 000	2 000	1 000	1 000
Financial Costs	164 000	642 000	70 000	67 000
Financial Balance	−160 000	−640 000	−69 000	−66 000
Earnings Before Tax	−2 033 000	−2 040 000	268 000	−1 320 000
Tax	0	0	0	0
Net Income	−2 033 000	−2 040 000	268 000	−1 320 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 562 000	1 592 000	3 010 000	2 946 000
Total Current Assets	4 816 000	9 584 000	5 890 000	10 436 000
Total Assets	6 379 000	11 176 000	8 900 000	13 382 000
Total Retained Equity	−3 471 000	−1 438 000	602 000	334 000
Total Equity	165 000	2 198 000	4 238 000	2 265 000
Total Long-Term Debt	600 000	900 000	1 420 000	1 360 000
Total Current Debt	5 614 000	8 079 000	3 243 000	9 757 000
Total Equity and Debt	6 379 000	11 176 000	8 900 000	13 382 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 535 000	51 862 000	23 807 000	15 340 000
Other Income	0	0	0	0
Revenue	24 535 000	51 862 000	23 807 000	15 340 000
Cost of Goods Sold	15 569 000	40 426 000	11 640 000	5 423 000
Salary Costs	8 143 000	8 896 000	8 290 000	8 057 000
Depreciation	30 000	28 000	38 000	38 000
Impairment	0	0	0	0
Expenditure	26 408 000	53 262 000	23 470 000	16 595 000
Operating Profit	−1 873 000	−1 400 000	337 000	−1 254 000
Financial Income	4 000	2 000	1 000	1 000
Financial Costs	164 000	642 000	70 000	67 000
Financial Balance	−160 000	−640 000	−69 000	−66 000
Dividends	0	0	0	0
Net Income	−2 033 000	−2 040 000	268 000	−1 320 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 483 000	1 483 000	1 483 000	1 483 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	79 000	109 000	107 000	102 000
Total Tangible Assets	79 000	109 000	107 000	102 000
Total Fiancial Fixed Assets	0	0	1 420 000	1 360 000
Total Fixed Assets	1 562 000	1 592 000	3 010 000	2 946 000
Stock	3 251 000	2 828 000	3 600 000	6 386 000
Total Investments	0	0	0	0
Cash, Bank	1 000	1 254 000	649 000	746 000
Total Current Assets	4 816 000	9 584 000	5 890 000	10 436 000
Total Assets	6 379 000	11 176 000	8 900 000	13 382 000
Total Equity	165 000	2 198 000	4 238 000	2 265 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	600 000	900 000	1 420 000	1 360 000
Creditors	3 130 000	5 101 000	1 464 000	5 487 000
Unpaid Taxes	1 021 000	1 803 000	575 000	1 000 000
Dividends	0	0	0	0
Other Current Debt	844 000	1 175 000	1 203 000	3 270 000
Total Current Debt	5 614 000	8 079 000	3 243 000	9 757 000
Total Equity and Debt	6 379 000	11 176 000	8 900 000	13 382 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1 232,12 %	−92,81 %	6,32 %	−58,28 %
Debt-to-Equity Ratio	3,64	0,41	0,34	0,6
Operating Profit Margin	−7,63 %	−2,7 %	1,42 %	−8,17 %
Current Ratio	0,86	1,19	1,82	1,07
Quick Ratio	2,04	1,83	−16,5	3,1
Equity Ratio	0,03	0,2	0,48	0,17
Gross Profit Margin	36,54 %	22,05 %	51,11 %	64,65 %