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IT DEVELOPMENT SERVICES AS
AS
Active
Org 919782080
Kaffegata 1, 2270 Flisa
Annen forskning og annet utviklingsarbeid innen naturvitenskap og teknikk · NACE 72190
Est. 2017
2 employees
www.iagon.com
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Overview
Financials
People & ownership
Related companies
Revenue 2022
NOK 26,9M
EBITDA margin
47.7%
+169% vs 2021
Equity ratio
-430.1%
Financial strength
Net profit 2022
NOK 12,6M
+167% vs 2021
EBITDA — year on year
NOK millions
0M
4M
8M
12M
16M
0M
2017
-3M
-300%
2018
-2M
+33%
2019
-1M
+50%
2020
-19M
-1800%
2021
13M
+168%
2022
Key figures
Annual report 2022
Revenue
NOK 26,9M
—
EBITDA
NOK 12,8M
+169%
Net profit
NOK 12,6M
+167%
Total assets
NOK 2,9M
-86%
Equity
NOK -12,5M
+50%
Employees
2
—
Company information
Legal name
IT DEVELOPMENT SERVICES AS
Org number
919782080
Legal form
Aksjeselskap
NACE code
72190 · Annen forskning og annet utviklingsarbeid innen naturvitenskap og teknikk
Founded
24. oktober 2017
Share capital
NOK 30 000
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Utvikling av blockchain teknologi, løsninger for datalagring og databehandling.
Contact
Address
Kaffegata 1, 2270 Flisa
Phone
+4796951046
Email
contact@iagon.com
Website
www.iagon.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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All Norway companies
Revenue
NOK millions
0M
8M
16M
23M
31M
0M
2017
0M
2018
0M
2019
0M
2020
0M
2021
27M
2022
EBITDA
NOK millions
0M
4M
7M
11M
15M
0M
2017
-3M
2018
-2M
2019
-1M
2020
-19M
2021
13M
2022
Income statement
NOK thousands
Item
2017
2018
2019
2020
2021
2022
Revenue
0
255
32
150
0
26 864
Staff expenses
−0
−0
−0
−745
−4 034
−5 334
EBITDA
0
−3 443
−1 958
−894
−18 666
12 824
Depreciation & amort.
−0
−0
−0
−0
−62
−139
EBIT
0
−3 443
−1 958
−894
−18 728
12 685
Net financials
0
−32
−14
−17
−8
−76
Profit before tax
0
−3 476
−1 972
−912
−18 736
12 609
Tax
−0
−0
−409
−0
−0
−0
Net profit
0
−3 476
−1 563
−912
−18 736
12 609
Balance sheet
NOK thousands
Item
2017
2018
2019
2020
2021
2022
Total assets
30
23
2 131
2 202
20 480
2 897
Equity
30
−3 446
−3 557
−6 330
−25 066
−12 457
Long-term debt
0
0
0
0
0
0
Short-term debt
0
3 469
5 688
8 365
45 158
14 966
Total debt
0
3 469
5 688
8 365
45 158
14 966
Financial ratios
5-year trend
EBITDA margin
47.7%
This company
15.8%
Market median
+202% vs market
2017
2022
Equity ratio
-430.1%
This company
38.2%
Market median
-1226% vs market
2017
2022
Return on equity
1260850100.0%
This company
18.4%
Market median
+6852446096% vs market
2017
2022
Net profit margin
46.9%
This company
8.1%
Market median
+479% vs market
2017
2022
Asset turnover
9.27×
This company
1.12×
Market median
+728% vs market
2017
2022
Debt / equity
1.23×
This company
0.62×
Market median
-98% vs market
2017
2022
Annual reports & filings
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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View
PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
ND
Navjit Dhaliwal
Chief Executive Officer
Chief Executive Officer
2017
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
BI
Ben Idris
Chairman
2024
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
CANPOL AS
Company
76.3%
76.3%
2023
Elad Harrison
Company
19.0%
19.0%
2023
Rohit Gupta
Company
4.7%
4.7%
2023
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of IT DEVELOPMENT SERVICES AS also hold positions in
0
other companies.
Person
Role here
Other companies
Navjit Dhaliwal
Chief Executive Officer
0 companies
Ben Idris
Chairman
0 companies