Org.nr 914 512 832 2021 → 2022 Year-over-year analysis

2TEC AS: årsregnskap 2022 vs 2021

Another loss-making year

approved 2023-04-20; registry 2023-04-24; journal 2023 364841

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for 2TEC AS. Net result -17.3k NOK → -17.4k NOK. Equity -47.5k NOK → -64.9k NOK.

On the constructive side: cash rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2TEC AS.

Scorecard

Revenue
3 600 NOK n/m
—
Operating result
-17.3k NOK -17.4k NOK
-0.8%
Net result
-17.3k NOK -17.4k NOK
-0.8%
Equity
-47.5k NOK -64.9k NOK
-36.7%
Cash
510 NOK 75.5k NOK
+14705.9%
Total assets
12.2k NOK 7 575 NOK
-38.0%

What improved

  • ↑

    Cash rose

    Bank deposits 510 NOK → 75.5k NOK (+14705.9% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.01× → 1.04×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -17.3k NOK → -17.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -47.5k NOK → -64.9k NOK (equity ratio -388.6% → -856.6%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -856.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation