Org.nr 830 006 672 2022 → 2023 Year-over-year analysis

1% FESTENYTT AS: årsregnskap 2023 vs 2022

Slipped into loss

registry 2024-06-03; journal 2024 478934

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 1% FESTENYTT AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +14 NOK → -29.6k NOK. Equity 18.2k NOK → -11.4k NOK.

On the constructive side: current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1% FESTENYTT AS.

Scorecard

Revenue
0 NOK 0 NOK
0.0%
Operating result
0 NOK -1 440 NOK
—
Net result
+14 NOK -29.6k NOK
-211842.9%
Equity
18.2k NOK -11.4k NOK
-162.9%
Cash
18.2k NOK 18.2k NOK
+0.3%
Total assets
643.2k NOK 643.3k NOK
+0.0%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.03× → 29.18×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result 0 NOK → -1 440 NOK. Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 14 NOK profit to a loss of 29.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 18.2k NOK → -11.4k NOK (equity ratio 2.8% → -1.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation