Org.nr 996 261 824 2022 → 2023 Year-over-year analysis

7OCEAN AS: årsregnskap 2023 vs 2022

Grew 76% on revenue, returned to profit

approved 2024-03-01; registry 2024-03-11; journal 2024 323730

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 7OCEAN AS. Revenue 13.86m NOK → 24.43m NOK (+76.3%). Net result -458.5k NOK → +305.5k NOK. Equity 55.0k NOK → 1.27m NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened.

Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for 7OCEAN AS.

Scorecard

Revenue
13.86m NOK 24.43m NOK
+76.3%
Operating result
-435.3k NOK n/m
—
Net result
-458.5k NOK +305.5k NOK
+166.6%
Equity
55.0k NOK 1.27m NOK
+2205.4%
Cash
1.95m NOK 4.34m NOK
+122.4%
Total assets
4.93m NOK 11.82m NOK
+139.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.86m NOK to 24.43m NOK (+76.3% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 458.5k NOK to a profit of 305.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 55.0k NOK → 1.27m NOK (equity ratio 1.1% → 10.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.95m NOK → 4.34m NOK (+122.4% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 160.6k NOK → 142.1k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 12.07m NOK → 18.11m NOK (87% → 74% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 160.1k NOK → 304.3k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 17 → 22. Reported fact