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HORNAAS MUSIKK AS
AS
Active
Org 866971692
Storgata 43, 0182 Oslo
Retail sale of cultural and recreational goods n.e.c. · NACE 4769
Est. 1993
11 employees
www.hornaas-musikk.no
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Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 13,9M
+11% vs 2024
EBITDA margin
2.1%
+149% vs 2024
Equity ratio
72.2%
Financial strength
Net profit 2025
NOK 219K
+126% vs 2024
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
0M
0%
2025
Key figures
Annual report 2025
Revenue
NOK 13,9M
+11%
EBITDA
NOK 287K
+149%
Net profit
NOK 219K
+126%
Total assets
NOK 5,6M
+7%
Equity
NOK 4M
+0%
Employees
11
—
Company information
Legal name
HORNAAS MUSIKK AS
Org number
866971692
Legal form
Aksjeselskap
NACE code
4769 · Retail sale of cultural and recreational goods n.e.c.
Founded
30. juni 1993
Share capital
NOK 1 000 000
Employees
11 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder alene.
Contact
Address
Storgata 43, 0182 Oslo
Website
www.hornaas-musikk.no
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Companies in Retail sale of cultural and recreational goods n.e.c.
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
4M
8M
12M
16M
10M
2021
12M
2022
13M
2023
13M
2024
14M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
0M
2024
0M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
9 847
11 906
12 931
12 582
13 925
Staff expenses
−3 209
−3 836
−3 951
−3 658
−3 614
EBITDA
−10
31
84
115
287
Depreciation & amort.
−0
−0
−0
−0
−21
EBIT
−10
31
84
115
266
Net financials
0
0
5
9
14
Profit before tax
−10
31
89
124
281
Tax
−2
7
20
27
62
Net profit
−7
24
70
97
219
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
5 223
5 066
5 350
5 208
5 567
Equity
3 807
3 832
3 901
3 998
4 017
Long-term debt
0
0
0
0
0
Short-term debt
1 416
1 234
1 448
1 210
1 550
Total debt
1 416
1 234
1 448
1 210
1 550
Financial ratios
5-year trend
EBITDA margin
2.1%
This company
15.8%
Market median
-87% vs market
2021
2025
Equity ratio
72.2%
This company
38.2%
Market median
+89% vs market
2021
2025
Return on equity
5.4%
This company
18.4%
Market median
-71% vs market
2021
2025
Net profit margin
1.6%
This company
8.1%
Market median
-80% vs market
2021
2025
Asset turnover
2.50×
This company
1.12×
Market median
+123% vs market
2021
2025
Debt / equity
0.39×
This company
0.62×
Market median
+37% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
FB
Freddy Bagge
Chairman
2014
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Instrumentservice As
Company
73.5%
73.5%
2024
Tonje Vibokt Vikstvedt
Individual
14.5%
14.5%
2024
Bjørn Heggum
Individual
10%
10%
2024
Sigurd Magne Korssletten
Individual
2%
2%
2024
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of HORNAAS MUSIKK AS also hold positions in
0
other companies.
Person
Role here
Other companies
Freddy Bagge
Chairman
0 companies