ACE AQUATEC AS: årsregnskap 2022 vs 2021
Grew 310% on revenue, stronger earnings
approved 2023-05-02; registry 2023-05-04; journal 2023 384513
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACE AQUATEC AS. Revenue 202.5k NOK → 829.6k NOK (+309.7%). Net result -2.72m NOK → -2.00m NOK. Equity -3.40m NOK → -5.40m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE AQUATEC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 202.5k NOK to 829.6k NOK (+309.7% YoY). Calculated
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Operating result improved
Operating result -2.71m NOK → -2.00m NOK (op. margin -1340.1% → -241.6%). Calculated
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Net result improved
Net result -2.72m NOK → -2.00m NOK (net margin -1341.2% → -241.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -3.40m NOK → -5.40m NOK (equity ratio -497.3% → -1155.0%). Calculated
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Cash fell
Bank deposits 193.3k NOK → 112.0k NOK (-42.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 17.90× → 0.03× — 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 -1155.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 13.4k NOK → 119 NOK (-99.1% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact