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FRONT ENERGY AS
AS
Active
Org 918622616
Kirkegaten 2A, 4836 Arendal
Engineering activities and related technical consultancy · NACE 7112
Est. 2017
1 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 54K
-95% vs 2023
EBITDA margin
-170.1%
-732% vs 2023
Equity ratio
38.1%
Financial strength
Net profit 2024
NOK -121K
-469% vs 2023
EBITDA — year on year
NOK millions
4M
3M
2M
1M
0M
1M
2020
3M
+200%
2021
2M
-33%
2022
0M
-100%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 54K
-95%
EBITDA
NOK -91K
-732%
Net profit
NOK -121K
-469%
Total assets
NOK 1,1M
-12%
Equity
NOK 408K
-23%
Employees
1
—
Company information
Legal name
FRONT ENERGY AS
Org number
918622616
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
24. februar 2017
Share capital
NOK 550 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Utvikling av prosjekter og beslektet virksomhet innenfor energi og maritim sektor.
Contact
Address
Kirkegaten 2A, 4836 Arendal
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Companies in Engineering activities and related technical consultancy
Companies in Arendal
All Norway companies
Revenue
NOK millions
0M
2M
4M
6M
8M
3M
2020
7M
2021
2M
2022
1M
2023
0M
2024
EBITDA
NOK millions
0M
1M
2M
3M
3M
1M
2020
3M
2021
2M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
2 955
6 932
2 121
1 011
54
Staff expenses
−0
−0
−263
−495
−29
EBITDA
1 351
3 107
1 655
14
−91
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
1 351
3 107
1 655
14
−91
Net financials
0
0
0
−23
−30
Profit before tax
1 175
3 102
1 655
−9
−121
Tax
138
674
371
12
−0
Net profit
1 037
2 428
1 284
−21
−121
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
2 122
5 403
5 257
1 221
1 071
Equity
1 038
2 767
550
529
408
Long-term debt
0
0
594
616
647
Short-term debt
503
2 052
4 113
75
16
Total debt
1 084
2 636
4 707
692
663
Financial ratios
5-year trend
EBITDA margin
-170.1%
This company
15.8%
Market median
-1177% vs market
2020
2024
Equity ratio
38.1%
This company
38.2%
Market median
+0% vs market
2020
2024
Return on equity
-29.7%
This company
18.4%
Market median
-261% vs market
2020
2024
Net profit margin
-225.1%
This company
8.1%
Market median
-2879% vs market
2020
2024
Asset turnover
0.05×
This company
1.12×
Market median
-96% vs market
2020
2024
Debt / equity
1.63×
This company
0.62×
Market median
-163% 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)
AS
Arne Smedal
Deputy Member
Deputy Member
2017
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
LØ
Lars Ødeskaug
Chairman
2017
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Blmf Holding As
Company
100%
100%
2022
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Company hierarchy
Blmf Holding As
FRONT ENERGY AS
(this company)
OCEAN VENTUS AS
Board network connections
Board members of FRONT ENERGY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Arne Smedal
Deputy Member
0 companies
Lars Ødeskaug
Chairman
0 companies