A. ØRSTAVIK AS: årsregnskap 2024 vs 2023
Shrank 51% on revenue, cash halved-plus
approved 2025-05-28; registry 2025-07-24; journal 2025 700495
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for A. ØRSTAVIK AS. Revenue 477.6k NOK → 234.1k NOK (-51.0%). Equity 159.2k NOK → -106.8k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. ØRSTAVIK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 477.6k NOK to 234.1k NOK (-51.0% YoY). Calculated
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Operating result weakened
Operating result +25.3k NOK → -255.8k NOK (op. margin 5.3% → -109.3%). Calculated
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Equity eroded
Book equity 159.2k NOK → -106.8k NOK (equity ratio 22.0% → -25.2%). Calculated
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Cash fell
Bank deposits 107.2k NOK → 10.9k NOK (-89.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.28× → 0.80× — 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 -25.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation