FirmaIQ
Org.nr 996 380 092 2019 → 2020 Year-over-year analysis

KEEP EXPANDING AS: årsregnskap 2020 vs 2019

Grew 91% on revenue, stronger earnings, cash halved-plus

approved 2021-08-30; registry 2021-09-30; journal 2021 834894

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for KEEP EXPANDING AS. Revenue 3 129 NOK → 5 962 NOK (+90.5%). Net result +9 NOK → +2.39m NOK. Equity 1.63m NOK → 4.02m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for KEEP EXPANDING AS.

At a glance

Scorecard

Revenue
3 129 NOK 5 962 NOK
+90.5%
Operating result
+1 051 NOK +2 843 NOK
+170.5%
Net result
+9 NOK +2.39m NOK
+26551000.0%
Equity
1.63m NOK 4.02m NOK
+146.8%
Cash
218.0k NOK 3 098 NOK
-98.6%
Total assets
2.60m NOK 6.80m NOK
+161.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 129 NOK to 5 962 NOK (+90.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1 051 NOK → +2 843 NOK (op. margin 33.6% → 47.7%). Calculated

  • ↑

    Net result improved

    Net result +9 NOK → +2.39m NOK (net margin 0.3% → 40080.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.63m NOK → 4.02m NOK (equity ratio 62.5% → 59.1%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.91× → 1589.50×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 218.0k NOK → 3 098 NOK (-98.6% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 65.2k NOK → 976.7k NOK (+1399.0% YoY). Calculated