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Kite Thermodynamics AB
AB
Bankrupt
Org 5592993595
Manufacture of non-domestic air conditioning equipment · NACE 2825
Est. 2021
0 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2023
SEK 4,5M
+139% vs 2022
EBITDA margin
9.5%
+255% vs 2022
Equity ratio
27.1%
Financial strength
Net profit 2023
SEK 273K
+212% vs 2022
EBITDA — year on year
SEK millions
0M
-0M
-1M
-1M
-1M
0M
2021
0M
0%
2022
0M
0%
2023
Key figures
Annual report 2023
Revenue
SEK 4,5M
+139%
EBITDA
SEK 429K
+255%
Net profit
SEK 273K
+212%
Total assets
SEK 1,5M
+56%
Equity
SEK 419K
+189%
Employees
0
—
Company information
Legal name
Kite Thermodynamics AB
Org number
5592993595
Legal form
Aktiebolag
NACE code
2825 · Manufacture of non-domestic air conditioning equipment
Founded
1 februari 2021
Share capital
SEK 25 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas var för sig av ledamoten suppleanten
Company purpose
Bolaget skall bedriva utveckling av kyl- och värmeanläggningar och därmed förenlig verksamhet.
Contact
Address
Email
marc.hulthen@kitethermodynamics.com
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Companies in Manufacture of non-domestic air conditioning equipment
Companies in Stenungsund
All Sweden companies
Revenue
SEK millions
0M
1M
2M
3M
5M
1M
2021
2M
2022
4M
2023
EBITDA
SEK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
Income statement
SEK thousands
Item
2021
2022
2023
Revenue
680
1 883
4 492
Staff expenses
—
—
−1 725
EBITDA
218
−276
429
Depreciation & amort.
−16
−24
−131
EBIT
202
−300
298
Net financials
—
−2
−11
Profit before tax
146
−245
286
Tax
−30
−0
−13
Net profit
116
−245
273
Balance sheet
SEK thousands
Item
2021
2022
2023
Total assets
501
993
1 548
Equity
141
145
419
Long-term debt
0
68
0
Short-term debt
304
780
1 129
Total debt
304
848
1 129
Financial ratios
5-year trend
EBITDA margin
9.5%
This company
15.8%
Market median
-40% vs market
2021
2023
Equity ratio
27.1%
This company
38.2%
Market median
-29% vs market
2021
2023
Return on equity
65.3%
This company
18.4%
Market median
+255% vs market
2021
2023
Net profit margin
6.1%
This company
8.1%
Market median
-25% vs market
2021
2023
Asset turnover
2.90×
This company
1.12×
Market median
+159% vs market
2021
2023
Debt / equity
2.70×
This company
0.62×
Market median
-335% vs market
2021
2023
Annual reports & filings
Annual report 2023
Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Bolagsverket / SCB · Period 2021-02-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Former (1)
ES
Erik Stefan Riedel
Chief Executive Officer
Chief Executive Officer
2022 – 2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
RK
Rikard Karl Emanuel Hulthén
Board of Directors
2022
MA
Marc André Hulthén
Deputy Board Member
2022
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of Kite Thermodynamics AB also hold positions in
0
other companies.
Person
Role here
Other companies
Erik Stefan Riedel
Chief Executive Officer
0 companies
Rikard Karl Emanuel Hulthén
Board of Directors
0 companies
Marc André Hulthén
Deputy Board Member
0 companies