Riskpilot← Back to searchSign inGet full accessTIMBERBAY AS
ASActiveOrg 918135707Heiane 31, 5412 StordDevelopment of building projects · NACE 6812Est. 20160 employees
Revenue 2024
NOK 1,4M
+181% vs 2023
EBITDA margin
89.6%
+239% vs 2023
Equity ratio
-22.2%
Financial strength
Net profit 2024
NOK -552K
+45% vs 2023
| Revenue | NOK 1,4M | +181% |
| EBITDA | NOK 1,2M | +239% |
| Net profit | NOK -552K | +45% |
| Total assets | NOK 21,8M | +5% |
| Equity | NOK -4,8M | -13% |
| Employees | 0 | — |
Legal name
TIMBERBAY AS
Org number
918135707
Legal form
Aksjeselskap
NACE code
6812 · Development of building projects
Founded
5. desember 2016
Share capital
NOK 30 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Investering i andre selskaper, samt kjøp og salg av aksjer, eiendom og produkter som naturlig hører sammen med dette.
Address
Heiane 31, 5412 Stord
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 41 | 0 | 5 | 220 | 480 | 1 350 |
| Staff expenses | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| EBITDA | 0 | 0 | −3 | −45 | −105 | −85 | 87 | 357 | 1 210 |
| Depreciation & amort. | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| EBIT | 0 | 0 | −3 | −45 | −105 | −85 | 87 | 357 | 1 210 |
| Net financials | 0 | 0 | 0 | −737 | −763 | −720 | −941 | −1 355 | −1 762 |
| Profit before tax | 0 | 0 | −2 | −782 | −868 | −805 | −854 | −997 | −552 |
| Tax | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net profit | 0 | 0 | −2 | −782 | −868 | −805 | −854 | −997 | −552 |
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | 30 | 24 | 19 851 | 19 556 | 19 568 | 19 648 | 20 111 | 20 789 | 21 805 |
| Equity | 24 | 24 | 22 | −760 | −1 628 | −2 433 | −3 288 | −4 285 | −4 837 |
| Long-term debt | 0 | 0 | 19 681 | 20 136 | 21 044 | 21 887 | 23 151 | 24 647 | 26 260 |
| Short-term debt | 6 | 0 | 147 | 180 | 152 | 194 | 248 | 426 | 382 |
| Total debt | 6 | 0 | 19 828 | 20 316 | 21 196 | 22 082 | 23 399 | 25 074 | 26 642 |
EBITDA margin
89.6%
This company
15.8%
Market median
+467% vs market
20162024
Equity ratio
-22.2%
This company
38.2%
Market median
-158% vs market
20162024
Return on equity
-55240900.0%
This company
18.4%
Market median
-300222383% vs market
20162024
Net profit margin
-40.9%
This company
8.1%
Market median
-605% vs market
20162024
Asset turnover
0.06×
This company
1.12×
Market median
-95% vs market
20162024
Debt / equity
5.51×
This company
0.62×
Market median
-789% vs market
20162024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-11-23 – 2016-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
KO Chief Executive Officer | Chief Executive Officer | 2018 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2018 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2018 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2018 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Ko Finans As | Company | 50.0% | 50.0% | 2024 |
Unitech Offshore As | Company | 50.0% | 50.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Multi Technology As
TIMBERBAY AS Board members of TIMBERBAY AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Knut Olav Skaar | Chief Executive Officer | 0 companies |
| Gunnar William Birkeland | Board of Directors | 0 companies |
| Vidar Onarheim | Board of Directors | 0 companies |
| Karl Anders Horneland | Board of Directors | 0 companies |
| Line Lindøen Bjørkheim | Board of Directors | 0 companies |
| Bernt Henrik Hellesøe | Chairman | 0 companies |