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NORARM AS
AS
Active
Org 922733031
Industriveien 16, 1481 Hagan
Manufacture of other wearing apparel and accessories n.e.c. · NACE 1429
Est. 2019
6 employees
norarm.com
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 9,6M
+49% vs 2023
EBITDA margin
5.8%
+133% vs 2023
Equity ratio
-37.2%
Financial strength
Net profit 2024
NOK 326K
+116% vs 2023
EBITDA — year on year
NOK millions
1M
0M
-1M
-2M
-3M
0M
2020
0M
0%
2021
1M
+100%
2022
-2M
-300%
2023
1M
+150%
2024
Key figures
Annual report 2024
Revenue
NOK 9,6M
+49%
EBITDA
NOK 555K
+133%
Net profit
NOK 326K
+116%
Total assets
NOK 2,3M
+50%
Equity
NOK -853K
+28%
Employees
6
—
Company information
Legal name
NORARM AS
Org number
922733031
Legal form
Aksjeselskap
NACE code
1429 · Manufacture of other wearing apparel and accessories n.e.c.
Founded
10. mai 2019
Share capital
NOK 50 000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Produsere klær og taktisk utstyr.
Contact
Address
Industriveien 16, 1481 Hagan
Website
norarm.com
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Explore
Companies in Manufacture of other wearing apparel and accessories n.e.c.
Companies in Nittedal
All Norway companies
Revenue
NOK millions
0M
3M
6M
9M
12M
0M
2020
3M
2021
5M
2022
6M
2023
10M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
1M
2022
-2M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
418
2 951
5 329
6 455
9 649
Staff expenses
−0
−385
−798
−1 677
−2 712
EBITDA
30
−267
1 097
−1 694
555
Depreciation & amort.
−0
−0
−0
−9
−37
EBIT
30
−267
1 097
−1 703
518
Net financials
−0
0
−367
−401
−192
Profit before tax
30
−267
730
−2 104
326
Tax
−0
−0
87
−0
−0
Net profit
30
−267
643
−2 104
326
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
358
878
1 651
1 524
2 292
Equity
549
282
925
−1 179
−853
Long-term debt
177
277
277
277
923
Short-term debt
−368
319
449
2 426
2 222
Total debt
−191
596
726
2 703
3 145
Financial ratios
5-year trend
EBITDA margin
5.8%
This company
15.8%
Market median
-63% vs market
2020
2024
Equity ratio
-37.2%
This company
38.2%
Market median
-197% vs market
2020
2024
Return on equity
32634300.0%
This company
18.4%
Market median
+177360226% vs market
2020
2024
Net profit margin
3.4%
This company
8.1%
Market median
-58% vs market
2020
2024
Asset turnover
4.21×
This company
1.12×
Market median
+276% vs market
2020
2024
Debt / equity
3.69×
This company
0.62×
Market median
-495% 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
Name
Role
Member since
Current (1)
MZ
Milan Zangana
Chief Executive Officer
Chief Executive Officer
2019
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
TR
Thomas Rygg Flesvik
Chairman
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
VERTIFIKS AS
Company
69%
69%
2024
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Company hierarchy
VERTIFIKS AS
NORARM AS
(this company)
Board network connections
Board members of NORARM AS also hold positions in
0
other companies.
Person
Role here
Other companies
Milan Zangana
Chief Executive Officer
0 companies
Thomas Rygg Flesvik
Chairman
0 companies