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MUSTAD UTVIKLING AS
AS
Active
Org 920947867
Clarks Gate 5, 3970 Langesund
Development of building projects · NACE 6812
Est. 2018
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 17,3M
+81% vs 2023
EBITDA margin
-30.4%
-460% vs 2023
Equity ratio
0.1%
Financial strength
Net profit 2024
NOK -5,8M
-311% vs 2023
EBITDA — year on year
NOK millions
3M
0M
-2M
-4M
-6M
1M
2020
2M
+100%
2021
1M
-50%
2022
1M
0%
2023
-5M
-600%
2024
Key figures
Annual report 2024
Revenue
NOK 17,3M
+81%
EBITDA
NOK -5,2M
-460%
Net profit
NOK -5,8M
-311%
Total assets
NOK 10,7M
-61%
Equity
NOK 9K
-100%
Employees
0
—
Company information
Legal name
MUSTAD UTVIKLING AS
Org number
920947867
Legal form
Aksjeselskap
NACE code
6812 · Development of building projects
Founded
6. juni 2018
Share capital
NOK 30 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Kjøp, salg og utvikling av fast eiendom, og hva som naturlig hører inn under denne type virksomhet.
Contact
Address
Clarks Gate 5, 3970 Langesund
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Explore
Companies in Development of building projects
Companies in Bamble
All Norway companies
Revenue
NOK millions
0M
22M
45M
67M
90M
30M
2020
78M
2021
13M
2022
10M
2023
17M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
1M
2020
2M
2021
1M
2022
1M
2023
-5M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
30 425
78 431
12 834
9 534
17 260
Staff expenses
−0
−0
−0
−0
−0
EBITDA
1 289
2 389
1 122
1 454
−5 240
Depreciation & amort.
−9
−9
−9
−8
−0
EBIT
1 281
2 381
1 113
1 446
−5 240
Net financials
−1 157
−1 950
−816
−2 842
−547
Profit before tax
124
430
297
−1 395
−5 787
Tax
27
95
65
12
−0
Net profit
97
336
232
−1 407
−5 787
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
64 236
57 423
36 312
27 435
10 723
Equity
5 130
5 396
5 153
3 746
9
Long-term debt
6 912
6 850
6 658
0
0
Short-term debt
52 195
45 177
24 500
23 689
10 713
Total debt
59 106
52 027
31 158
23 689
10 713
Financial ratios
5-year trend
EBITDA margin
-30.4%
This company
15.8%
Market median
-292% vs market
2020
2024
Equity ratio
0.1%
This company
38.2%
Market median
-100% vs market
2020
2024
Return on equity
-62106.5%
This company
18.4%
Market median
-337635% vs market
2020
2024
Net profit margin
-33.5%
This company
8.1%
Market median
-514% vs market
2020
2024
Asset turnover
1.61×
This company
1.12×
Market median
+44% vs market
2020
2024
Debt / equity
1149.73×
This company
0.62×
Market median
-185340% 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
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
FM
Frederik Mustad
Board of Directors
2018
JM
Jørgen Mustad
Chairman
2018
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Mustad Invest As
Company
100%
100%
2024
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Company hierarchy
Jfe Holding As
Mustad Invest As
MUSTAD UTVIKLING AS
(this company)
SJØSIDEN VALLE AS
Board network connections
Board members of MUSTAD UTVIKLING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Frederik Mustad
Board of Directors
0 companies
Jørgen Mustad
Chairman
0 companies