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Company/VAT no/Free text Country/City/Municipality

TURNOVER (x1000 NOK)

NET PROFIT (x1000 NOK)

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Initial Force AS

Closing information (x1000 NOK)

Closing information 2022/12 (consolidated) 2021/12 2020/12
Turnover 37,255 Less Arrow 27,122 Less Arrow 17,436
Financial expenses 1,392 Less Arrow 878 More Arrow 895
Earnings before taxes -644 More Arrow 1,722 Less Arrow 26
Total assets 37,558 Less Arrow 32,347 Less Arrow 27,061
Current assets 14,739 Less Arrow 13,873 Less Arrow 11,401
Current liabilities 11,591 Less Arrow 7,950 Less Arrow 6,272
Equity capital 24,015 Less Arrow 21,877 Less Arrow 18,990
- share capital 11,159 Less Arrow 9,384 Less Arrow 8,769

Financial ratios

Fiscal year 2022/12 (consolidated) 2021/12 2020/12
Solvency 63.9% More Arrow 67.6% More Arrow 70.2%
Turnover per employee
Profit as a percentage of turnover -1.7% More Arrow 6.3% Less Arrow 0.1%
Return on assets (ROA) 2.0% More Arrow 8.0% Less Arrow 3.4%
Current ratio 127.2% More Arrow 174.5% More Arrow 181.8%
Return on equity (ROE) -2.7% More Arrow 7.9% Less Arrow 0.1%
Change turnover
Change turnover % 56% Less Arrow 18%
Chg. No. of employees
Chg. No. of employees %

Total value of public sale

Fiscal year 2022/12 (consolidated) 2021/12 2020/12
Total value of public sale 0 Equal arrow 0 Equal arrow 0

Closing figures are converted to the currency above at the exchange rate of the closing date. Source for the exchange rates: Sveriges Riksbank

The closing information is gathered directly from the companies or from Creditsafe.