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VADSET TRE AS
AS
Active
Org 917046263
Furlivegen 118, 6260 Skodje
Sawmilling and planing of wood; processing and finishing of wood · NACE 1610
Est. 1973
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2021
NOK 13,4M
+12% vs 2020
EBITDA margin
12.9%
+34% vs 2020
Equity ratio
76.9%
Financial strength
Net profit 2021
NOK 913K
+72% vs 2020
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
1M
2017
1M
0%
2018
1M
0%
2019
1M
0%
2020
2M
+100%
2021
Key figures
Annual report 2021
Revenue
NOK 13,4M
+12%
EBITDA
NOK 1,7M
+34%
Net profit
NOK 913K
+72%
Total assets
NOK 12,8M
+13%
Equity
NOK 9,8M
+10%
Employees
0
—
Company information
Legal name
VADSET TRE AS
Org number
917046263
Legal form
Aksjeselskap
NACE code
1610 · Sawmilling and planing of wood; processing and finishing of wood
Founded
2. januar 1973
Share capital
—
Employees
0
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Contact
Address
Furlivegen 118, 6260 Skodje
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Companies in Sawmilling and planing of wood; processing and finishing of wood
Companies in Ålesund
All Norway companies
Revenue
NOK millions
0M
4M
7M
11M
15M
12M
2017
13M
2018
12M
2019
12M
2020
13M
2021
EBITDA
NOK millions
0M
1M
1M
2M
2M
1M
2017
1M
2018
1M
2019
1M
2020
2M
2021
Income statement
NOK thousands
Item
2017
2018
2019
2020
2021
Revenue
12 022
12 622
12 081
11 973
13 392
Staff expenses
−4 721
−4 846
−5 002
−4 549
−4 850
EBITDA
800
935
557
1 284
1 722
Depreciation & amort.
−560
−560
−542
−539
−533
EBIT
240
375
15
745
1 189
Net financials
−45
−13
−22
−64
−18
Profit before tax
195
362
−7
681
1 171
Tax
54
91
−1
150
258
Net profit
141
272
−5
531
913
Balance sheet
NOK thousands
Item
2017
2018
2019
2020
2021
Total assets
11 459
11 210
11 119
11 278
12 758
Equity
8 095
8 367
8 362
8 893
9 806
Long-term debt
1 597
1 024
1 039
633
499
Short-term debt
1 766
1 819
1 718
1 752
2 453
Total debt
3 363
2 843
2 757
2 385
2 952
Financial ratios
5-year trend
EBITDA margin
12.9%
This company
15.8%
Market median
-18% vs market
2017
2021
Equity ratio
76.9%
This company
38.2%
Market median
+101% vs market
2017
2021
Return on equity
9.3%
This company
18.4%
Market median
-49% vs market
2017
2021
Net profit margin
6.8%
This company
8.1%
Market median
-16% vs market
2017
2021
Asset turnover
1.05×
This company
1.12×
Market median
+6% vs market
2017
2021
Debt / equity
0.30×
This company
0.62×
Market median
+52% vs market
2017
2021
Annual reports & filings
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
Current (1)
ØV
Øyvind Vadset
Chief Executive Officer
Chief Executive Officer
2022
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
TE
Torbjørn Elias Vadset
Chairman
2022
HV
Hanne Vadset Knotten
Board of Directors
2022
Former (1)
EO
Einar Ove Vadset
Chairman
1999 – 2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Furlia As
Company
40.91%
40.91%
2022
Creare Holding As
Company
22.27%
22.27%
2022
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Creare Holding As
VADSET TRE AS
(this company)
Board network connections
Board members of VADSET TRE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Øyvind Vadset
Chief Executive Officer
0 companies
Torbjørn Elias Vadset
Chairman
0 companies
Hanne Vadset Knotten
Board of Directors
0 companies
Einar Ove Vadset
Chairman
0 companies