ABEL MALERSERVICE AS: årsregnskap 2023 vs 2022
Shrank 33% on revenue, slipped into loss, cash halved-plus
approved 2024-01-22; registry 2024-02-17; journal 2024 307646
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABEL MALERSERVICE AS. Revenue 1.98m NOK → 1.33m NOK (-33.0%). Net result +88.5k NOK → -211.8k NOK. Equity 225.5k NOK → 13.7k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL MALERSERVICE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.98m NOK to 1.33m NOK (-33.0% YoY). Calculated
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Operating result weakened
Operating result +120.1k NOK → -211.6k NOK (op. margin 6.1% → -16.0%). Calculated
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Fell into a net loss
Net result flipped from 88.5k NOK profit to a loss of 211.8k NOK. Calculated
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Equity eroded
Book equity 225.5k NOK → 13.7k NOK (equity ratio 28.7% → 5.9%). Calculated
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Cash fell
Bank deposits 417.2k NOK → 189.2k NOK (-54.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation