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INITIAL FORCE AS
AS
Active
Org 990340048
Stiklestadveien 1 Lade Teknopark, 7041
Trondheim
All other professional, scientific and technical activities n.e.c.
·
NACE 7499
Est. 2006 · 19 years old
21 employees
www.initialforce.com
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Norway
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All other professional, scientific and technical activities n.e.c.
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INITIAL FORCE AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
0M
11M
21M
32M
43M
18M
2020
29M
2021
24M
2022
34M
2023
37M
2024
EBITDA
NOK millions
5M
3M
1M
-2M
-4M
2M
2020
4M
+100%
2021
-1M
-125%
2022
0M
+100%
2023
-3M
-300%
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
18 043
28 882
23 669
34 171
36 538
Staff expenses
−0
−4 445
−6 998
−10 651
−11 367
EBITDA
1 813
3 825
−1 211
421
−2 891
Depreciation & amort.
−1 702
−1 811
−2 238
−2 298
−2 897
EBIT
111
2 014
−3 450
−1 877
−5 788
Net financials
−85
−292
329
237
−211
Profit before tax
26
1 722
−3 121
−1 639
−5 999
Tax
−92
374
−678
−0
−0
Net profit
119
1 348
−2 443
−1 639
−5 999
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
27 061
32 347
33 869
28 600
35 101
Equity
18 990
21 877
26 091
17 869
21 001
Long-term debt
1 800
2 520
1 952
1 328
704
Short-term debt
6 272
7 950
5 826
9 402
13 396
Total debt
8 072
10 470
7 778
10 730
14 100
Financial ratios
5-year trend
EBITDA margin
-7.9%
This company
15.8%
Market median
-150% vs market
2020
2024
Equity ratio
59.8%
This company
38.2%
Market median
+57% vs market
2020
2024
Return on equity
-28.6%
This company
18.4%
Market median
-255% vs market
2020
2024
Net profit margin
-16.4%
This company
8.1%
Market median
-302% vs market
2020
2024
Asset turnover
1.04×
This company
1.12×
Market median
+7% vs market
2020
2024
Debt / equity
0.67×
This company
0.62×
Market median
+8% vs 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 INITIAL FORCE AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
