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HOVET & CO AS
AS
Active
Org 926057448
Henrik Ibsens Gate 90, 0255 Oslo
Wholesale of other machinery and equipment · NACE 4664
Est. 1973
1 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 8,1M
+38% vs 2023
EBITDA margin
76.6%
+60% vs 2023
Equity ratio
85.3%
Financial strength
Net profit 2024
NOK 5,1M
+60% vs 2023
EBITDA — year on year
NOK millions
8M
6M
4M
2M
0M
5M
2020
1M
-80%
2021
3M
+200%
2022
4M
+33%
2023
6M
+50%
2024
Key figures
Annual report 2024
Revenue
NOK 8,1M
+38%
EBITDA
NOK 6,2M
+60%
Net profit
NOK 5,1M
+60%
Total assets
NOK 11,2M
+85%
Equity
NOK 9,5M
+115%
Employees
1
—
Company information
Legal name
HOVET & CO AS
Org number
926057448
Legal form
Aksjeselskap
NACE code
4664 · Wholesale of other machinery and equipment
Founded
13. november 1973
Share capital
NOK 50 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Salg og support av elektroniske systemer til forsvars- og luftfartsformål samt annen relatert virksomhet.
Contact
Address
Henrik Ibsens Gate 90, 0255 Oslo
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Explore
Companies in Wholesale of other machinery and equipment
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
2M
5M
7M
9M
7M
2020
3M
2021
6M
2022
6M
2023
8M
2024
EBITDA
NOK millions
0M
2M
3M
5M
7M
5M
2020
1M
2021
3M
2022
4M
2023
6M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
6 559
3 333
5 690
5 911
8 148
Staff expenses
−1 222
−1 240
−1 048
−1 169
−1 144
EBITDA
4 509
1 398
3 159
3 893
6 243
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
4 509
1 398
3 159
3 893
6 243
Net financials
−128
38
140
185
280
Profit before tax
4 381
1 436
3 300
4 078
6 523
Tax
962
310
724
898
1 426
Net profit
3 418
1 126
2 575
3 180
5 097
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
6 216
3 519
4 682
6 033
11 176
Equity
1 771
1 176
1 251
4 431
9 528
Long-term debt
0
0
0
0
0
Short-term debt
4 446
2 343
3 431
1 602
1 648
Total debt
4 446
2 343
3 431
1 602
1 648
Financial ratios
5-year trend
EBITDA margin
76.6%
This company
15.8%
Market median
+385% vs market
2020
2024
Equity ratio
85.3%
This company
38.2%
Market median
+123% vs market
2020
2024
Return on equity
53.5%
This company
18.4%
Market median
+191% vs market
2020
2024
Net profit margin
62.6%
This company
8.1%
Market median
+673% vs market
2020
2024
Asset turnover
0.73×
This company
1.12×
Market median
-35% vs market
2020
2024
Debt / equity
0.17×
This company
0.62×
Market median
+73% 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)
HN
Hanne-Gerd Nielsen
Deputy Member
Deputy Member
2005
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
JO
Jan Olav Hovet
Chairman
2005
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.
Learn more
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of HOVET & CO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Hanne-Gerd Nielsen
Deputy Member
0 companies
Jan Olav Hovet
Chairman
0 companies