BELTECH SOLUTIONS AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

25,97 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 621 000	7 901 000	6 021 000	9 622 000
Net Income	476 000	20 000	−451 000	996 000
Total Assets	3 606 000	3 184 000	3 321 000	3 595 000
Total Equity	1 833 000	1 801 000	1 781 000	2 231 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 621 000	7 901 000	6 021 000	9 622 000
Expenditure	7 970 000	7 859 000	6 558 000	8 323 000
Operating Profit	651 000	42 000	−537 000	1 300 000
Financial Income	31 000	34 000	18 000	14 000
Financial Costs	70 000	51 000	59 000	37 000
Financial Balance	−39 000	−17 000	−41 000	−23 000
Earnings Before Tax	612 000	26 000	−578 000	1 278 000
Tax	137 000	6 000	−127 000	282 000
Net Income	476 000	20 000	−451 000	996 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	439 000	631 000	254 000	169 000
Total Current Assets	3 166 000	2 553 000	3 067 000	3 426 000
Total Assets	3 606 000	3 184 000	3 321 000	3 595 000
Total Retained Equity	0	−32 000	−52 000	398 000
Total Equity	1 833 000	1 801 000	1 781 000	2 231 000
Total Long-Term Debt	8 000	208 000	1 000 000	0
Total Current Debt	1 765 000	1 175 000	540 000	1 364 000
Total Equity and Debt	3 606 000	3 184 000	3 321 000	3 595 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 621 000	7 901 000	5 780 000	9 622 000
Other Income	0	0	241 000	0
Revenue	8 621 000	7 901 000	6 021 000	9 622 000
Cost of Goods Sold	2 926 000	2 998 000	2 250 000	3 766 000
Salary Costs	2 897 000	2 840 000	2 558 000	2 740 000
Depreciation	107 000	88 000	97 000	97 000
Impairment	0	0	0	0
Expenditure	7 970 000	7 859 000	6 558 000	8 323 000
Operating Profit	651 000	42 000	−537 000	1 300 000
Financial Income	31 000	34 000	18 000	14 000
Financial Costs	70 000	51 000	59 000	37 000
Financial Balance	−39 000	−17 000	−41 000	−23 000
Dividends	421 000	0	0	0
Net Income	476 000	20 000	−451 000	996 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	122 000	128 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	439 000	509 000	71 000	167 000
Total Tangible Assets	439 000	509 000	71 000	167 000
Total Fiancial Fixed Assets	0	0	55 000	0
Total Fixed Assets	439 000	631 000	254 000	169 000
Stock	2 244 000	1 359 000	1 553 000	1 411 000
Total Investments	0	0	0	0
Cash, Bank	53 000	502 000	809 000	1 118 000
Total Current Assets	3 166 000	2 553 000	3 067 000	3 426 000
Total Assets	3 606 000	3 184 000	3 321 000	3 595 000
Total Equity	1 833 000	1 801 000	1 781 000	2 231 000
Short-Term Group Debt	29 000	0	0	0
Total Long-Term Debt	8 000	208 000	1 000 000	0
Creditors	197 000	120 000	58 000	280 000
Unpaid Taxes	396 000	206 000	256 000	247 000
Dividends	421 000	0	0	0
Other Current Debt	264 000	850 000	226 000	837 000
Total Current Debt	1 765 000	1 175 000	540 000	1 364 000
Total Equity and Debt	3 606 000	3 184 000	3 321 000	3 595 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,97 %	1,11 %	−25,32 %	44,64 %
Debt-to-Equity Ratio	0	0,12	0,56	0
Operating Profit Margin	7,55 %	0,53 %	−8,92 %	13,51 %
Current Ratio	1,79	2,17	5,68	2,51
Quick Ratio	−6,61	−13,88	−3,03	−72,89
Equity Ratio	0,51	0,57	0,54	0,62
Gross Profit Margin	66,06 %	62,06 %	62,63 %	60,86 %