Org.nr 924 927 100 2022 → 2023 Year-over-year analysis

ACORP CONSTRUCTION AS: årsregnskap 2023 vs 2022

Shrank 80% on revenue, weaker earnings, cash halved-plus

approved 2024-12-31; registry 2025-01-09; journal 2025 300494

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ACORP CONSTRUCTION AS. Revenue 40.0k NOK → 8 000 NOK (-80.0%). Net result -18.11m NOK → -34.70m NOK. Equity 10 NOK → -48.01m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACORP CONSTRUCTION AS.

Scorecard

Revenue
40.0k NOK 8 000 NOK
-80.0%
Operating result
-19.30m NOK -34.63m NOK
-79.4%
Net result
-18.11m NOK -34.70m NOK
-91.6%
Equity
10 NOK -48.01m NOK
-480131090.0%
Cash
444.6k NOK 156.4k NOK
-64.8%
Total assets
35.19m NOK 25.16m NOK
-28.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 40.0k NOK to 8 000 NOK (-80.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -19.30m NOK → -34.63m NOK (op. margin -48258.2% → -432826.0%). Calculated

  • ↓

    Net result weakened

    Net result -18.11m NOK → -34.70m NOK (net margin -45283.6% → -433749.5%). Calculated

  • ↓

    Equity eroded

    Book equity 10 NOK → -48.01m NOK (equity ratio 0.0% → -190.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 444.6k NOK → 156.4k NOK (-64.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -190.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 13.21m NOK → 15.0k NOK (-99.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.30m NOK → 3.96m NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 4 → 5. Reported fact