VETECH ENGINEERING AS

3186 HORTEN

Finances

Return on Equity

−38,18 %

Current Ratio

Debt-to-Equity Ratio

4,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−147 000	−142 000	−160 000	−216 000
Total Assets	5 150 000	5 137 000	5 029 000	5 035 000
Total Equity	385 000	532 000	674 000	834 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	44 000	52 000	47 000	73 000
Operating Profit	−45 000	−52 000	−47 000	−73 000
Financial Income	0	0	0	0
Financial Costs	103 000	90 000	113 000	143 000
Financial Balance	−103 000	−90 000	−113 000	−143 000
Earnings Before Tax	−147 000	−142 000	−160 000	−216 000
Tax	0	0	0	0
Net Income	−147 000	−142 000	−160 000	−216 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 145 000	5 131 000	5 021 000	5 034 000
Total Current Assets	5 000	6 000	8 000	1 000
Total Assets	5 150 000	5 137 000	5 029 000	5 035 000
Total Retained Equity	−669 000	−522 000	−380 000	−220 000
Total Equity	385 000	532 000	674 000	834 000
Total Long-Term Debt	1 917 000	2 129 000	2 341 000	2 553 000
Total Current Debt	2 848 000	2 475 000	2 014 000	1 648 000
Total Equity and Debt	5 150 000	5 137 000	5 029 000	5 035 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	9 000	4 000	14 000	10 000
Impairment	0	0	0	0
Expenditure	44 000	52 000	47 000	73 000
Operating Profit	−45 000	−52 000	−47 000	−73 000
Financial Income	0	0	0	0
Financial Costs	103 000	90 000	113 000	143 000
Financial Balance	−103 000	−90 000	−113 000	−143 000
Dividends	0	0	0	0
Net Income	−147 000	−142 000	−160 000	−216 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	16 000	21 000	34 000
Total Tangible Assets	31 000	16 000	21 000	34 000
Total Fiancial Fixed Assets	5 115 000	5 115 000	5 000 000	5 000 000
Total Fixed Assets	5 145 000	5 131 000	5 021 000	5 034 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 000	6 000	8 000	1 000
Total Current Assets	5 000	6 000	8 000	1 000
Total Assets	5 150 000	5 137 000	5 029 000	5 035 000
Total Equity	385 000	532 000	674 000	834 000
Short-Term Group Debt	2 599 000	2 446 000	1 944 000	1 574 000
Total Long-Term Debt	1 917 000	2 129 000	2 341 000	2 553 000
Creditors	0	0	1 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	249 000	30 000	68 000	74 000
Total Current Debt	2 848 000	2 475 000	2 014 000	1 648 000
Total Equity and Debt	5 150 000	5 137 000	5 029 000	5 035 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−38,18 %	−26,69 %	−23,74 %	−25,9 %
Debt-to-Equity Ratio	4,98	4	3,47	3,06
Operating Profit Margin	-	-	-	-
Current Ratio	0	0	0	0
Quick Ratio	0	0	0	0
Equity Ratio	0,07	0,1	0,13	0,17
Gross Profit Margin	-	-	-	-