4SERVICE AS: årsregnskap 2023 vs 2022
Shrank 15% on revenue, fresh owner capital
registry 2024-05-30; journal 2024 396225
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4SERVICE AS. Revenue 113.77m NOK → 96.30m NOK (-15.4%). Net result -8.82m NOK → -7.89m NOK. Equity 3.08m NOK → 1.13m NOK.
On the constructive side: net result improved; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4SERVICE AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -8.82m NOK → -7.89m NOK (net margin -7.8% → -8.2%). Calculated
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Cash rose
Bank deposits 61.3k NOK → 88.8k NOK (+44.7% YoY). Calculated
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Owners injected capital
Paid-in equity rose 2.37m NOK → 8.32m NOK (+5.94m NOK). Reported fact
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Payroll decreased
Salary cost 67.33m NOK → 66.83m NOK (59% → 69% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 113.77m NOK to 96.30m NOK (-15.4% YoY). Calculated
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Operating result weakened
Operating result -3.96m NOK → -7.22m NOK (op. margin -3.5% → -7.5%). Calculated
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Equity eroded
Book equity 3.08m NOK → 1.13m NOK (equity ratio 3.3% → 0.8%). Calculated
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Current ratio dropped below 1×
Current ratio 1.01× → 0.96× — 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 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 14.19m NOK → 648.6k NOK (-95.4% YoY). Calculated