What is the Org number of FUNCTION AS?

FUNCTION AS is registered with Brønnøysundsregistrene under Org 919327901.

What is the revenue of FUNCTION AS?

FUNCTION AS reported revenue of NOK 521,3M in 2024.

How many employees does FUNCTION AS have?

FUNCTION AS employs 114 people as of the latest annual report.

Who is the chairman of FUNCTION AS?

Tomm Karlsen chairs the board of FUNCTION AS, in role since 2019.

Where is FUNCTION AS headquartered?

FUNCTION AS's registered address is Jørgen Kanitz' Gate 28, 1337 Sandvika.

FUNCTION AS

ASActive

Org 919327901Jørgen Kanitz' Gate 28, 1337 SandvikaWholesale of other machinery and equipment · NACE 4664Est. 1969114 employeeswww.function.no

Full Risika report

Revenue 2024

NOK 521,3M

+26% vs 2023

EBITDA margin

3.5%

-44% vs 2023

Equity ratio

22.3%

Financial strength

Net profit 2024

NOK 2,2M

-85% vs 2023

EBITDA — year on yearNOK millions

Key figuresAnnual report 2024

Revenue	NOK 521,3M	+26%
EBITDA	NOK 18,5M	-44%
Net profit	NOK 2,2M	-85%
Total assets	NOK 430,9M	+32%
Equity	NOK 96M	-1%
Employees	114	—

Company information

Legal name

FUNCTION AS

Org number

919327901

Legal form

Aksjeselskap

NACE code

4664 · Wholesale of other machinery and equipment

Founded

26. august 1969

Share capital

NOK 6 000 000

Employees

114 (FTE)

VAT registered

Yes

Audit selected

Last report

2024-12-31

Financial year

January – December

Signatory rights

Utgår

Contact

Address

Jørgen Kanitz' Gate 28, 1337 Sandvika

Website

www.function.no

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

RevenueNOK millions

EBITDANOK millions

Income statementNOK thousands

Item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Revenue	185 099	176 466	179 124	164 761	184 805	205 085	195 538	224 271	233 420	304 970	295 381	314 180	318 031	333 933	344 285	412 855	521 323
Staff expenses	−30 349	−31 449	−33 017	−33 479	−37 035	−38 830	−37 862	−39 816	−39 705	−59 431	−56 902	−57 922	−58 044	−60 512	−69 463	−78 225	−105 653
EBITDA	33 811	35 439	40 776	36 122	37 972	43 182	35 529	46 395	46 558	47 000	39 652	46 411	50 953	56 900	46 506	32 775	18 468
Depreciation & amort.	−257	−206	−236	−251	−776	−994	−1 080	−1 379	−2 161	−11 200	−11 720	−11 869	−12 243	−10 937	−2 491	−8 628	−11 318
EBIT	33 554	35 233	40 539	35 870	37 196	42 188	34 449	45 017	44 396	35 800	27 932	34 542	38 710	45 963	44 015	24 148	7 149
Net financials	2 839	531	27	−451	−878	−1 740	−2 112	−1 021	−1 954	−1 901	−929	−2 300	5 075	524	1 268	−3 523	−4 532
Profit before tax	36 393	35 764	40 566	35 420	36 318	40 448	32 337	43 996	42 442	33 899	27 003	32 242	43 786	46 487	45 283	20 625	2 617
Tax	10 361	10 129	11 739	10 316	10 608	11 442	8 856	11 908	10 602	10 034	8 034	8 983	11 488	12 090	10 003	5 910	459
Net profit	26 032	25 636	28 827	25 104	25 710	29 006	23 481	32 088	31 840	23 865	18 970	23 259	32 297	34 397	35 280	14 715	2 159

Balance sheetNOK thousands

Item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total assets	70 232	88 203	90 859	100 369	108 244	107 458	96 027	104 242	103 650	161 005	207 988	190 909	219 340	241 676	331 116	325 260	430 887
Equity	18 775	14 171	10 885	10 069	11 299	11 504	10 457	9 695	40 348	63 835	72 029	99 319	127 960	159 142	87 892	96 970	96 033
Long-term debt	7 180	5 249	4 115	2 886	2 299	1 700	1 413	1 104	585	616	505	380	254	114	155 000	130 000	130 000
Short-term debt	44 277	68 783	75 858	87 413	94 646	94 253	84 156	93 443	62 718	96 554	135 455	91 210	91 126	82 419	88 224	98 290	204 385
Total debt	51 457	74 032	79 974	90 300	96 945	95 953	85 569	94 547	63 303	97 170	135 959	91 590	91 380	82 534	243 224	228 290	334 385

Financial ratios5-year trend

EBITDA margin

3.5%

This company

15.8%

Market median

-78% vs market

20082024

Equity ratio

22.3%

This company

38.2%

Market median

-42% vs market

20082024

Return on equity

2.2%

This company

18.4%

Market median

-88% vs market

20082024

Net profit margin

0.4%

This company

8.1%

Market median

-95% vs market

20082024

Asset turnover

1.21×

This company

1.12×

Market median

+8% vs market

20082024

Debt / equity

3.49×

This company

0.62×

Market median

-463% vs market

20082024

Annual reports & filings

Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
Annual report 2015
Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
Annual report 2014
Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
Annual report 2013
Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
Annual report 2012
Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
Annual report 2011
Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
Annual report 2010
Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
Annual report 2009
Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
Annual report 2008
Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31

Name	Role	Member since	Age	Other directorships
TK Tomm Karlsen	Chairman	2019	—	—
AP Andreas Prøven Bogsrud	Board of Directors	2025	—	—
AK Anders Krosby	Board of Directors	2022	—	—
KK Kjetil Kaldestad	Chairman	2022	—	—
SF Simen Færevaag	Board of Directors	2024	—	—

Shareholder	Type	Ownership	Votes	Since
Function Group As	Company	100.0%	100.0%	2024

Person	Role here	Other companies
Tomm Karlsen	Chairman	0 companies
Andreas Prøven Bogsrud	Board of Directors	0 companies
Anders Krosby	Board of Directors	0 companies
Kjetil Kaldestad	Chairman	0 companies
Simen Færevaag	Board of Directors	0 companies

FUNCTION AS

ASActive

Org 919327901Jørgen Kanitz' Gate 28, 1337 SandvikaWholesale of other machinery and equipment · NACE 4664Est. 1969114 employeeswww.function.no

Full Risika report

Revenue 2024

NOK 521,3M

+26% vs 2023

EBITDA margin

3.5%

-44% vs 2023

Equity ratio

22.3%

Financial strength

Net profit 2024

NOK 2,2M

-85% vs 2023

EBITDA — year on yearNOK millions

Key figuresAnnual report 2024

Revenue	NOK 521,3M	+26%
EBITDA	NOK 18,5M	-44%
Net profit	NOK 2,2M	-85%
Total assets	NOK 430,9M	+32%
Equity	NOK 96M	-1%
Employees	114	—

Company information

Legal name

FUNCTION AS

Org number

919327901

Legal form

Aksjeselskap

NACE code

4664 · Wholesale of other machinery and equipment

Founded

26. august 1969

Share capital

NOK 6 000 000

Employees

114 (FTE)

VAT registered

Yes

Audit selected

Last report

2024-12-31

Financial year

January – December

Signatory rights

Utgår

Contact

Address

Jørgen Kanitz' Gate 28, 1337 Sandvika

Website

www.function.no

Risika for professionals

Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.

Visit risika.com

RevenueNOK millions

EBITDANOK millions

Income statementNOK thousands

Item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Revenue	185 099	176 466	179 124	164 761	184 805	205 085	195 538	224 271	233 420	304 970	295 381	314 180	318 031	333 933	344 285	412 855	521 323
Staff expenses	−30 349	−31 449	−33 017	−33 479	−37 035	−38 830	−37 862	−39 816	−39 705	−59 431	−56 902	−57 922	−58 044	−60 512	−69 463	−78 225	−105 653
EBITDA	33 811	35 439	40 776	36 122	37 972	43 182	35 529	46 395	46 558	47 000	39 652	46 411	50 953	56 900	46 506	32 775	18 468
Depreciation & amort.	−257	−206	−236	−251	−776	−994	−1 080	−1 379	−2 161	−11 200	−11 720	−11 869	−12 243	−10 937	−2 491	−8 628	−11 318
EBIT	33 554	35 233	40 539	35 870	37 196	42 188	34 449	45 017	44 396	35 800	27 932	34 542	38 710	45 963	44 015	24 148	7 149
Net financials	2 839	531	27	−451	−878	−1 740	−2 112	−1 021	−1 954	−1 901	−929	−2 300	5 075	524	1 268	−3 523	−4 532
Profit before tax	36 393	35 764	40 566	35 420	36 318	40 448	32 337	43 996	42 442	33 899	27 003	32 242	43 786	46 487	45 283	20 625	2 617
Tax	10 361	10 129	11 739	10 316	10 608	11 442	8 856	11 908	10 602	10 034	8 034	8 983	11 488	12 090	10 003	5 910	459
Net profit	26 032	25 636	28 827	25 104	25 710	29 006	23 481	32 088	31 840	23 865	18 970	23 259	32 297	34 397	35 280	14 715	2 159

Balance sheetNOK thousands

Item	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total assets	70 232	88 203	90 859	100 369	108 244	107 458	96 027	104 242	103 650	161 005	207 988	190 909	219 340	241 676	331 116	325 260	430 887
Equity	18 775	14 171	10 885	10 069	11 299	11 504	10 457	9 695	40 348	63 835	72 029	99 319	127 960	159 142	87 892	96 970	96 033
Long-term debt	7 180	5 249	4 115	2 886	2 299	1 700	1 413	1 104	585	616	505	380	254	114	155 000	130 000	130 000
Short-term debt	44 277	68 783	75 858	87 413	94 646	94 253	84 156	93 443	62 718	96 554	135 455	91 210	91 126	82 419	88 224	98 290	204 385
Total debt	51 457	74 032	79 974	90 300	96 945	95 953	85 569	94 547	63 303	97 170	135 959	91 590	91 380	82 534	243 224	228 290	334 385

Financial ratios5-year trend

EBITDA margin

3.5%

This company

15.8%

Market median

-78% vs market

20082024

Equity ratio

22.3%

This company

38.2%

Market median

-42% vs market

20082024

Return on equity

2.2%

This company

18.4%

Market median

-88% vs market

20082024

Net profit margin

0.4%

This company

8.1%

Market median

-95% vs market

20082024

Asset turnover

1.21×

This company

1.12×

Market median

+8% vs market

20082024

Debt / equity

3.49×

This company

0.62×

Market median

-463% vs market

20082024

Annual reports & filings

Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
Annual report 2015
Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
Annual report 2014
Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
Annual report 2013
Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
Annual report 2012
Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
Annual report 2011
Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
Annual report 2010
Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
Annual report 2009
Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
Annual report 2008
Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31