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PROPERTY PARTNER AS
AS
Active
Org 922205485
Turheisvegen 13A, 6011 Ålesund
Development of building projects · NACE 6812
Est. 2019
1 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 228K
-47% vs 2023
EBITDA margin
-136.5%
-2206% vs 2023
Equity ratio
95.3%
Financial strength
Net profit 2024
NOK -206K
-1199% vs 2023
EBITDA — year on year
NOK millions
0M
0M
1M
1M
1M
0M
2019
0M
0%
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 228K
-47%
EBITDA
NOK -312K
-2206%
Net profit
NOK -206K
-1199%
Total assets
NOK 2M
-9%
Equity
NOK 1,9M
-10%
Employees
1
—
Company information
Legal name
PROPERTY PARTNER AS
Org number
922205485
Legal form
Aksjeselskap
NACE code
6812 · Development of building projects
Founded
11. februar 2019
Share capital
NOK 2 100 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Eiendomsutvikling. Selskapet skal kunne kjøpe, eie og utvikle fast eiendom og være medeier i selskap med tilsvarende formål og virksomhet.
Contact
Address
Turheisvegen 13A, 6011 Ålesund
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
Explore
Companies in Development of building projects
Companies in Ålesund
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2019
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2019
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2019
2020
2021
2022
2023
2024
Revenue
0
0
0
0
430
228
Staff expenses
−0
−0
−0
−0
−362
−434
EBITDA
−22
−16
−16
−42
−14
−312
Depreciation & amort.
−0
−0
−5
−5
−5
−0
EBIT
−22
−16
−21
−47
−19
−312
Net financials
11
26
20
33
43
55
Profit before tax
−12
10
−1
−14
24
−257
Tax
−5
2
−0
−3
5
−52
Net profit
−7
8
−1
−11
19
−206
Balance sheet
NOK thousands
Item
2019
2020
2021
2022
2023
2024
Total assets
1 082
1 089
1 089
2 077
2 180
1 985
Equity
1 082
1 089
1 089
2 077
2 096
1 891
Long-term debt
0
0
0
0
0
0
Short-term debt
0
0
0
0
84
94
Total debt
0
0
0
0
84
94
Financial ratios
5-year trend
EBITDA margin
-136.5%
This company
15.8%
Market median
-964% vs market
2019
2024
Equity ratio
95.3%
This company
38.2%
Market median
+149% vs market
2019
2024
Return on equity
-10.9%
This company
18.4%
Market median
-159% vs market
2019
2024
Net profit margin
-90.0%
This company
8.1%
Market median
-1211% vs market
2019
2024
Asset turnover
0.12×
This company
1.12×
Market median
-89% vs market
2019
2024
Debt / equity
0.05×
This company
0.62×
Market median
+92% vs market
2019
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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
MB
Monica Beate Eliassen
Board of Directors
2019
—
—
TE
Tor Erik Eliassen
Chairman
2019
—
—
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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Company hierarchy
PROPERTY PARTNER AS
(this company)
PROPERTY PARTNER AS
MEQ EIENDOMSUTVIKLING AS
Board network connections
Board members of PROPERTY PARTNER AS also hold positions in
0
other companies.
Person
Role here
Other companies
Monica Beate Eliassen
Board of Directors
0 companies
Tor Erik Eliassen
Chairman
0 companies