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BORDERLESS AS
AS
Active
Org 919916427
Smedbergveien 13, 1187 Oslo
Computing infrastructure, data processing, hosting and related activities · NACE 6310
Est. 2017
0 employees
www.borderlessvpn.io
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 22K
-26% vs 2023
EBITDA margin
13.7%
-71% vs 2023
Equity ratio
51.5%
Financial strength
Net profit 2024
NOK 2K
-73% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 22K
-26%
EBITDA
NOK 3K
-71%
Net profit
NOK 2K
-73%
Total assets
NOK 21K
-37%
Equity
NOK 11K
+25%
Employees
0
—
Company information
Legal name
BORDERLESS AS
Org number
919916427
Legal form
Aksjeselskap
NACE code
6310 · Computing infrastructure, data processing, hosting and related activities
Founded
17. november 2017
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
Nettoperatør og tjenesteleverandør av internettjenester.
Contact
Address
Smedbergveien 13, 1187 Oslo
Website
www.borderlessvpn.io
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Companies in Computing infrastructure, data processing, hosting and related activities
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
22
12
28
30
22
Staff expenses
−0
−0
−0
−0
−0
EBITDA
1
−5
10
11
3
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
1
−5
10
11
3
Net financials
0
0
0
−0
−0
Profit before tax
1
−5
10
10
3
Tax
0
−1
2
2
1
Net profit
1
−4
8
8
2
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
12
17
25
33
21
Equity
−3
−7
1
9
11
Long-term debt
15
24
24
24
10
Short-term debt
0
0
0
0
0
Total debt
15
24
24
24
10
Financial ratios
5-year trend
EBITDA margin
13.7%
This company
15.8%
Market median
-13% vs market
2020
2024
Equity ratio
51.5%
This company
38.2%
Market median
+35% vs market
2020
2024
Return on equity
19.9%
This company
18.4%
Market median
+8% vs market
2020
2024
Net profit margin
9.6%
This company
8.1%
Market median
+19% vs market
2020
2024
Asset turnover
1.07×
This company
1.12×
Market median
+4% vs market
2020
2024
Debt / equity
0.94×
This company
0.62×
Market median
+52% 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 (2)
SS
Stian Seland Olsen
Chief Executive Officer
Chief Executive Officer
2017
PT
Pavel Teplykh
Chief Executive Officer
Chief Executive Officer
2025
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
IN
Isdiarto Notosutardjo
Chairman
2025
AL
Alexander Løvheim
Chairman
2017
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Single Sign-On As
Company
50%
50%
2024
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
Single Sign-On As
BORDERLESS AS
(this company)
Board network connections
Board members of BORDERLESS AS also hold positions in
0
other companies.
Person
Role here
Other companies
Stian Seland Olsen
Chief Executive Officer
0 companies
Pavel Teplykh
Chief Executive Officer
0 companies
Isdiarto Notosutardjo
Chairman
0 companies
Alexander Løvheim
Chairman
0 companies