Org.nr 917 546 355 2020 → 2021 Year-over-year analysis

2KVIK BYGG AS: årsregnskap 2021 vs 2020

Grew 66% on revenue, stronger earnings

approved 2022-05-20; registry 2022-06-27; journal 2022 537640

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for 2KVIK BYGG AS. Revenue 4.16m NOK → 6.93m NOK (+66.4%). Net result -350.0k NOK → -14.6k NOK. Equity 12 NOK → -200.3k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2KVIK BYGG AS.

Scorecard

Revenue
4.16m NOK 6.93m NOK
+66.4%
Operating result
-345.3k NOK +12.9k NOK
+103.7%
Net result
-350.0k NOK -14.6k NOK
+95.8%
Equity
12 NOK -200.3k NOK
-1669425.0%
Cash
313.5k NOK 835.3k NOK
+166.4%
Total assets
652.0k NOK 1.79m NOK
+174.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.16m NOK to 6.93m NOK (+66.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -345.3k NOK → +12.9k NOK (op. margin -8.3% → 0.2%). Calculated

  • ↑

    Net result improved

    Net result -350.0k NOK → -14.6k NOK (net margin -8.4% → -0.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 313.5k NOK → 835.3k NOK (+166.4% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 12 NOK → -200.3k NOK (equity ratio 0.0% → -11.2%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -11.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 588.9k NOK → 729.2k NOK (+23.8% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 45.8k NOK → 25.0k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 10 → 9. Reported fact