HAGELSTEEN VVS AS

3531 KROKKLEIVA

Finances

Return on Equity

34,59 %

Current Ratio

1,68

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 580 000	17 307 000	15 623 000	14 714 000
Net Income	1 070 000	634 000	843 000	391 000
Total Assets	8 238 000	7 731 000	5 866 000	4 830 000
Total Equity	3 093 000	2 483 000	2 488 000	2 127 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 580 000	17 307 000	15 623 000	14 714 000
Expenditure	17 146 000	16 442 000	14 544 000	14 200 000
Operating Profit	1 434 000	864 000	1 079 000	514 000
Financial Income	7 000	8 000	13 000	12 000
Financial Costs	69 000	50 000	10 000	23 000
Financial Balance	−62 000	−42 000	3 000	−11 000
Earnings Before Tax	1 373 000	822 000	1 082 000	503 000
Tax	302 000	187 000	239 000	111 000
Net Income	1 070 000	634 000	843 000	391 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 418 000	1 761 000	335 000	220 000
Total Current Assets	6 820 000	5 970 000	5 530 000	4 610 000
Total Assets	8 238 000	7 731 000	5 866 000	4 830 000
Total Retained Equity	2 993 000	2 383 000	2 388 000	2 027 000
Total Equity	3 093 000	2 483 000	2 488 000	2 127 000
Total Long-Term Debt	1 097 000	1 572 000	117 000	573 000
Total Current Debt	4 048 000	3 676 000	3 261 000	2 130 000
Total Equity and Debt	8 238 000	7 731 000	5 866 000	4 830 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 497 000	17 299 000	15 617 000	14 708 000
Other Income	83 000	8 000	6 000	6 000
Revenue	18 580 000	17 307 000	15 623 000	14 714 000
Cost of Goods Sold	7 836 000	7 327 000	6 656 000	7 264 000
Salary Costs	6 772 000	6 716 000	5 779 000	5 090 000
Depreciation	404 000	261 000	69 000	31 000
Impairment	0	0	0	0
Expenditure	17 146 000	16 442 000	14 544 000	14 200 000
Operating Profit	1 434 000	864 000	1 079 000	514 000
Financial Income	7 000	8 000	13 000	12 000
Financial Costs	69 000	50 000	10 000	23 000
Financial Balance	−62 000	−42 000	3 000	−11 000
Dividends	0	0	0	0
Net Income	1 070 000	634 000	843 000	391 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	88 000	42 000	70 000	76 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 295 000	1 652 000	266 000	144 000
Total Tangible Assets	1 295 000	1 652 000	266 000	144 000
Total Fiancial Fixed Assets	35 000	68 000	0	0
Total Fixed Assets	1 418 000	1 761 000	335 000	220 000
Stock	1 228 000	1 095 000	1 065 000	1 061 000
Total Investments	0	0	0	0
Cash, Bank	2 641 000	2 601 000	2 540 000	1 808 000
Total Current Assets	6 820 000	5 970 000	5 530 000	4 610 000
Total Assets	8 238 000	7 731 000	5 866 000	4 830 000
Total Equity	3 093 000	2 483 000	2 488 000	2 127 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 097 000	1 572 000	117 000	573 000
Creditors	959 000	789 000	646 000	685 000
Unpaid Taxes	794 000	887 000	735 000	521 000
Dividends	0	0	0	0
Other Current Debt	1 985 000	1 841 000	1 665 000	839 000
Total Current Debt	4 048 000	3 676 000	3 261 000	2 130 000
Total Equity and Debt	8 238 000	7 731 000	5 866 000	4 830 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,59 %	25,53 %	33,88 %	18,38 %
Debt-to-Equity Ratio	0,35	0,63	0,05	0,27
Operating Profit Margin	7,72 %	4,99 %	6,91 %	3,49 %
Current Ratio	1,68	1,62	1,7	2,16
Quick Ratio	2,42	2,31	2,52	4,31
Equity Ratio	0,38	0,32	0,42	0,44
Gross Profit Margin	57,83 %	57,66 %	57,4 %	50,63 %