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KVARV SERVICES AS
AS
Active
Org 921087209
Brattørkaia 15B, 7010 Trondheim
Passenger air transport · NACE 5110
Est. 2018
2 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2023
NOK 2,1M
+133% vs 2022
EBITDA margin
0.6%
+102% vs 2022
Equity ratio
-17.5%
Financial strength
Net profit 2023
NOK -104K
+75% vs 2022
EBITDA — year on year
NOK millions
0M
0M
1M
1M
1M
0M
2018
-1M
-100%
2019
0M
+100%
2020
0M
0%
2021
-1M
-100%
2022
0M
+100%
2023
Key figures
Annual report 2023
Revenue
NOK 2,1M
+133%
EBITDA
NOK 12K
+102%
Net profit
NOK -104K
+75%
Total assets
NOK 2,8M
+130%
Equity
NOK -484K
-27%
Employees
2
—
Company information
Legal name
KVARV SERVICES AS
Org number
921087209
Legal form
Aksjeselskap
NACE code
5110 · Passenger air transport
Founded
5. juli 2018
Share capital
NOK 30 000
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Luftfartsvirksomhet og alt som hermed står i forbindelse, samt delta i andre selskaper med tilsvarende virksomhet.
Contact
Address
Brattørkaia 15B, 7010 Trondheim
Phone
+4747868789
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Explore
Companies in Passenger air transport
Companies in Trondheim
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
0M
2018
0M
2019
1M
2020
1M
2021
1M
2022
2M
2023
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2018
-1M
2019
0M
2020
0M
2021
-1M
2022
0M
2023
Income statement
NOK thousands
Item
2018
2019
2020
2021
2022
2023
Revenue
0
0
650
750
900
2 100
Staff expenses
−229
−562
−609
−668
−1 284
−1 964
EBITDA
−237
−620
−10
8
−526
12
Depreciation & amort.
−0
−0
−0
−0
−0
−0
EBIT
−237
−620
−10
8
−526
12
Net financials
0
0
0
0
−0
−0
Profit before tax
−237
−620
−10
8
−526
12
Tax
−0
−189
−2
2
−116
116
Net profit
−237
−431
−8
6
−410
−104
Balance sheet
NOK thousands
Item
2018
2019
2020
2021
2022
2023
Total assets
67
246
259
948
1 202
2 767
Equity
−207
−639
−646
30
−380
−484
Long-term debt
0
0
0
0
0
0
Short-term debt
274
885
906
918
1 582
3 251
Total debt
274
885
906
918
1 582
3 251
Financial ratios
5-year trend
EBITDA margin
0.6%
This company
15.8%
Market median
-96% vs market
2018
2023
Equity ratio
-17.5%
This company
38.2%
Market median
-146% vs market
2018
2023
Return on equity
-10371300.0%
This company
18.4%
Market median
-56365861% vs market
2018
2023
Net profit margin
-4.9%
This company
8.1%
Market median
-160% vs market
2018
2023
Asset turnover
0.76×
This company
1.12×
Market median
-32% vs market
2018
2023
Debt / equity
6.72×
This company
0.62×
Market median
-984% vs market
2018
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
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-06-22 – 2018-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
TL
Terje Langsæter
Chief Executive Officer
Chief Executive Officer
2018
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
OU
Ola Ustad
Chairman
2018
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Kvarv Services As
Company
100.0%
100.0%
2022
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Company hierarchy
Kvarv As
Kvarv Services As
KVARV SERVICES AS
(this company)
Board network connections
Board members of KVARV SERVICES AS also hold positions in
0
other companies.
Person
Role here
Other companies
Terje Langsæter
Chief Executive Officer
0 companies
Ola Ustad
Chairman
0 companies