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MORENEFARET 1 AS
AS
Active
Org 919932643
Havnegata 16, 4306 Sandnes
Utleie av egen eller leid fast eiendom ellers · NACE 68209
Est. 1970
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2023
NOK 7,1M
+18% vs 2022
EBITDA margin
92.7%
+34% vs 2022
Equity ratio
11.9%
Financial strength
Net profit 2023
NOK 2,2M
+244% vs 2022
EBITDA — year on year
NOK millions
9M
7M
4M
2M
0M
2M
2019
6M
+200%
2020
5M
-17%
2021
5M
0%
2022
7M
+40%
2023
Key figures
Annual report 2023
Revenue
NOK 7,1M
+18%
EBITDA
NOK 6,6M
+34%
Net profit
NOK 2,2M
+244%
Total assets
NOK 51,3M
-3%
Equity
NOK 6,1M
+15%
Employees
0
—
Company information
Legal name
MORENEFARET 1 AS
Org number
919932643
Legal form
Aksjeselskap
NACE code
68209 · Utleie av egen eller leid fast eiendom ellers
Founded
21. august 1970
Share capital
—
Employees
0
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Contact
Address
Havnegata 16, 4306 Sandnes
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Companies in Utleie av egen eller leid fast eiendom ellers
Companies in Sandnes
All Norway companies
Revenue
NOK millions
0M
2M
4M
6M
8M
3M
2019
7M
2020
6M
2021
6M
2022
7M
2023
EBITDA
NOK millions
0M
2M
4M
6M
8M
2M
2019
6M
2020
5M
2021
5M
2022
7M
2023
Income statement
NOK thousands
Item
2019
2020
2021
2022
2023
Revenue
3 060
6 508
5 773
6 039
7 113
Staff expenses
−0
−0
−0
−0
−0
EBITDA
2 199
5 561
4 772
4 908
6 593
Depreciation & amort.
−967
−1 569
−1 788
−5 210
−2 179
EBIT
1 232
3 992
2 984
−302
4 414
Net financials
−752
−1 260
−1 021
−1 626
−1 646
Profit before tax
480
2 732
1 963
−1 929
2 768
Tax
105
601
432
−424
608
Net profit
374
2 131
1 531
−1 504
2 160
Balance sheet
NOK thousands
Item
2019
2020
2021
2022
2023
Total assets
44 840
54 965
52 811
52 831
51 257
Equity
5 193
5 824
7 355
5 287
6 076
Long-term debt
34 800
46 164
44 485
43 843
42 472
Short-term debt
4 847
2 976
971
3 701
2 708
Total debt
39 647
49 140
45 456
47 544
45 180
Financial ratios
5-year trend
EBITDA margin
92.7%
This company
15.8%
Market median
+487% vs market
2019
2023
Equity ratio
11.9%
This company
38.2%
Market median
-69% vs market
2019
2023
Return on equity
35.5%
This company
18.4%
Market median
+93% vs market
2019
2023
Net profit margin
30.4%
This company
8.1%
Market median
+275% vs market
2019
2023
Asset turnover
0.14×
This company
1.12×
Market median
-88% vs market
2019
2023
Debt / equity
7.44×
This company
0.62×
Market median
-1100% vs market
2019
2023
Annual reports & filings
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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (2)
BU
Bjørghild Underhaug
Deputy Member
Deputy Member
1998
NU
Nils Underhaug
Chief Executive Officer
Chief Executive Officer
2022
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
RU
Rune Underhaug
Chairman
1998
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Morenefaret 1 As
Company
100%
100%
2022
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Company hierarchy
Storeknut As
Morenefaret 1 As
MORENEFARET 1 AS
(this company)
Board network connections
Board members of MORENEFARET 1 AS also hold positions in
0
other companies.
Person
Role here
Other companies
Bjørghild Underhaug
Deputy Member
0 companies
Nils Underhaug
Chief Executive Officer
0 companies
Rune Underhaug
Chairman
0 companies