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Varig Technologies AS
AS
Active
Org 821881072
Nedre Slottsgate 5, 0157
Oslo
Computer programming activities
·
NACE 6210
Est. 2018 · 7 years old
8 employees
Monitor
Share
Norway
/
Companies
/
Computer programming activities
/
Varig Technologies AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
14M
10M
7M
3M
0M
2020: 0M
0M
2020
2021: 0M
0M
2021
2022: 4M
4M
2022
2023: 7M (+75% vs 2022)
7M
+75%
2023
2024: 11M (+57% vs 2023)
11M
+57%
2024
EBITDA
NOK millions
0M
-4M
-7M
-11M
-15M
2020: -4M
-4M
2020
2021: -10M (-150% vs 2020)
-10M
-150%
2021
2022: -10M (0% vs 2021)
-10M
0%
2022
2023: -12M (-20% vs 2022)
-12M
-20%
2023
2024: -1M (+92% vs 2023)
-1M
+92%
2024
Income statement
NOK thousands
Item
2024
2023
2022
2021
2020
Revenue
10 660
6 504
4 168
280
239
Staff expenses
−8 511
−13 765
−9 720
−7 856
−3 007
EBITDA
−1 268
−12 294
−9 937
−10 413
−3 634
Depreciation & amort.
−2 163
−1 527
−1 727
−1 153
−0
EBIT
−3 431
−13 821
−11 664
−11 566
−3 634
Net financials
−771
−527
−110
1
1
Profit before tax
−4 202
−14 348
−11 773
−11 565
−3 634
Tax
−0
−0
−0
−0
−0
Net profit
−4 202
−14 348
−11 773
−11 565
−3 634
Balance sheet
NOK thousands
Item
2024
2023
2022
2021
2020
Total assets
25 324
25 115
31 785
31 605
11 851
Equity
5 290
9 492
20 128
26 902
7 447
Long-term debt
8 675
6 400
6 400
2 400
2 388
Short-term debt
11 358
9 224
5 257
2 304
2 015
Total debt
20 033
15 624
11 657
4 704
4 403
Financial ratios
5-year trend
EBITDA margin
−11,9 %
This company
15,8 %
Market median
This company
Market median
175% below market
2020
2024
Equity ratio
20,9 %
This company
38,2 %
Market median
This company
Market median
45% below market
2020
2024
Return on equity
−79,4 %
This company
18,4 %
Market median
This company
Market median
532% below market
2020
2024
Net profit margin
−39,4 %
This company
8,1 %
Market median
This company
Market median
586% below market
2020
2024
Asset turnover
0,42×
This company
1,12×
Market median
This company
Market median
63% below market
2020
2024
Debt / equity
3,79×
This company
0,62×
Market median
This company
Market median
511% above market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
More on Varig Technologies AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
