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GULLBORGEN AS
AS
Active
Org 917024499
Storg 28, 0184 Oslo
Retail sale of watches and jewellery · NACE 4777
Est. 1954
9 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 27,2M
+11% vs 2023
EBITDA margin
-0.4%
-107% vs 2023
Equity ratio
26.0%
Financial strength
Net profit 2024
NOK 83K
-88% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
2M
2020
2M
0%
2021
2M
0%
2022
2M
0%
2023
0M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 27,2M
+11%
EBITDA
NOK -105K
-107%
Net profit
NOK 83K
-88%
Total assets
NOK 58,4M
-2%
Equity
NOK 15,2M
+1%
Employees
9
—
Company information
Legal name
GULLBORGEN AS
Org number
917024499
Legal form
Aksjeselskap
NACE code
4777 · Retail sale of watches and jewellery
Founded
10. juni 1954
Share capital
—
Employees
9 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Storg 28, 0184 Oslo
Phone
+4722175111
Email
post@gullborgen.no
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Companies in Retail sale of watches and jewellery
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
8M
16M
23M
31M
23M
2020
22M
2021
27M
2022
25M
2023
27M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
2M
2020
2M
2021
2M
2022
2M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
22 822
22 366
26 612
24 618
27 235
Staff expenses
−4 212
−3 880
−4 409
−4 528
−5 410
EBITDA
1 848
2 242
2 236
1 605
−105
Depreciation & amort.
−220
−193
−85
−89
−79
EBIT
1 627
2 049
2 152
1 516
−184
Net financials
−1 323
−556
−44
374
310
Profit before tax
304
1 493
2 107
1 890
125
Tax
69
331
464
1 206
42
Net profit
236
1 162
1 643
684
83
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
51 426
56 846
56 849
59 331
58 407
Equity
11 601
12 763
14 406
15 090
15 173
Long-term debt
0
0
0
0
0
Short-term debt
39 825
44 083
42 444
44 241
43 235
Total debt
39 825
44 083
42 444
44 241
43 235
Financial ratios
5-year trend
EBITDA margin
-0.4%
This company
15.8%
Market median
-103% vs market
2020
2024
Equity ratio
26.0%
This company
38.2%
Market median
-32% vs market
2020
2024
Return on equity
0.5%
This company
18.4%
Market median
-97% vs market
2020
2024
Net profit margin
0.3%
This company
8.1%
Market median
-96% vs market
2020
2024
Asset turnover
0.47×
This company
1.12×
Market median
-58% vs market
2020
2024
Debt / equity
2.85×
This company
0.62×
Market median
-360% 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
Management
Actively employed in the business
Name
Role
Member since
Current (1)
CB
Christina Borgen Leonthin
Chief Executive Officer
Chief Executive Officer
2003
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
EB
Elisabeth Borgen
Chairman
1997
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Gullborgen Holding As
Company
100%
100%
2024
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Company hierarchy
Gullborgen Holding As
GULLBORGEN AS
(this company)
Board network connections
Board members of GULLBORGEN AS also hold positions in
0
other companies.
Person
Role here
Other companies
Christina Borgen Leonthin
Chief Executive Officer
0 companies
Elisabeth Borgen
Chairman
0 companies