2KVIK BYGG AS: årsregnskap 2020 vs 2019
Grew 153040% on revenue, slipped into loss
approved 2021-08-09; registry 2021-09-22; journal 2021 780381
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2KVIK BYGG AS. Revenue 2 719 NOK → 4.16m NOK (+153039.8%). Net result +154.6k NOK → -350.0k NOK. Equity 11.16m NOK → 12 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2KVIK BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 719 NOK to 4.16m NOK (+153039.8% YoY). Calculated
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↑
Cash rose
Bank deposits 306.9k NOK → 313.5k NOK (+2.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +206.2k NOK → -345.3k NOK (op. margin 7584.3% → -8.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 154.6k NOK profit to a loss of 350.0k NOK. Calculated
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↓
Equity eroded
Book equity 11.16m NOK → 12 NOK (equity ratio 1377.8% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.41× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 838.8k NOK → 588.9k NOK (-29.8% YoY). Calculated