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ALBUMS GATE 11 AS
AS
Active
Org 920432255
Krokenveien 5, 3077 Sande I Vestfold
Rental and operating of own or leased real estate · NACE 6820
Est. 2018
1 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 799K
-36% vs 2024
EBITDA margin
59.5%
-47% vs 2024
Equity ratio
13.0%
Financial strength
Net profit 2025
NOK 220K
-62% vs 2024
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2021
0M
0%
2022
1M
+100%
2023
1M
0%
2024
0M
-100%
2025
Key figures
Annual report 2025
Revenue
NOK 799K
-36%
EBITDA
NOK 475K
-47%
Net profit
NOK 220K
-62%
Total assets
NOK 7,5M
-8%
Equity
NOK 981K
+29%
Employees
1
—
Company information
Legal name
ALBUMS GATE 11 AS
Org number
920432255
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
19. februar 2018
Share capital
NOK 30 000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Investering i fast eiendom, samt det som naturlig hører inn under dette.
Contact
Address
Krokenveien 5, 3077 Sande I Vestfold
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Companies in Rental and operating of own or leased real estate
Companies in Holmestrand
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
1M
2021
1M
2022
2M
2023
1M
2024
1M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
1M
2023
1M
2024
0M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
1 320
1 452
1 526
1 241
799
Staff expenses
−518
−139
−15
−15
−15
EBITDA
194
496
861
890
475
Depreciation & amort.
−144
−151
−153
−162
−196
EBIT
50
345
707
728
280
Net financials
0
0
5
15
3
Profit before tax
51
345
712
742
282
Tax
11
76
157
163
62
Net profit
39
269
556
579
220
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
5 965
4 777
5 336
8 197
7 527
Equity
215
203
182
761
981
Long-term debt
5 411
4 059
4 313
5 798
455
Short-term debt
338
515
840
1 638
6 091
Total debt
5 750
4 574
5 154
7 436
6 546
Financial ratios
5-year trend
EBITDA margin
59.5%
This company
15.8%
Market median
+277% vs market
2021
2025
Equity ratio
13.0%
This company
38.2%
Market median
-66% vs market
2021
2025
Return on equity
22.5%
This company
18.4%
Market median
+22% vs market
2021
2025
Net profit margin
27.6%
This company
8.1%
Market median
+241% vs market
2021
2025
Asset turnover
0.11×
This company
1.12×
Market median
-90% vs market
2021
2025
Debt / equity
6.67×
This company
0.62×
Market median
-976% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
Management
Actively employed in the business
Name
Role
Member since
Current (1)
TK
Thomas Kjennerud
Chief Executive Officer
Chief Executive Officer
2020
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
RH
Runi Helene Vold
Chairman
2020
EK
Eivind Kjennerud
Board of Directors
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Kjevo As
Company
100%
100%
2022
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
Kjevo As
ALBUMS GATE 11 AS
(this company)
Board network connections
Board members of ALBUMS GATE 11 AS also hold positions in
0
other companies.
Person
Role here
Other companies
Thomas Kjennerud
Chief Executive Officer
0 companies
Runi Helene Vold
Chairman
0 companies
Eivind Kjennerud
Board of Directors
0 companies