KEEP EXPANDING AS: årsregnskap 2023 vs 2022
Shrank 99% on revenue, stronger earnings
approved 2024-07-12; registry 2024-07-30; journal 2024 686631
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for KEEP EXPANDING AS. Revenue 101.8k NOK → 1 431 NOK (-98.6%). Net result -1.21m NOK → -89.7k NOK. Equity 2.97m NOK → 2.25m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for KEEP EXPANDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -393.5k NOK → +381.6k NOK (op. margin -386.5% → 26665.4%). Calculated
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Net result improved
Net result -1.21m NOK → -89.7k NOK (net margin -1186.3% → -6267.6%). Calculated
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Cash rose
Bank deposits 298.3k NOK → 338.4k NOK (+13.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 101.8k NOK to 1 431 NOK (-98.6% YoY). Calculated
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Equity eroded
Book equity 2.97m NOK → 2.25m NOK (equity ratio 80.4% → 62.1%). Calculated
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Current ratio dropped below 1×
Current ratio 2.23× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 7 570 NOK → 750.6k NOK (7% → 52450% of revenue). Calculated
Things to notice
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Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact