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ULVIN AS
AS
Active
Org 926835432
Øvre Smestadvei 22B, 0378 Oslo
Landscape service activities · NACE 8130
Est. 2021
6 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 14,7M
+5% vs 2023
EBITDA margin
20.6%
+18% vs 2023
Equity ratio
16.8%
Financial strength
Net profit 2024
NOK 2,1M
+20% vs 2023
EBITDA — year on year
NOK millions
4M
3M
2M
1M
0M
2M
2021
2M
0%
2022
3M
+50%
2023
3M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 14,7M
+5%
EBITDA
NOK 3M
+18%
Net profit
NOK 2,1M
+20%
Total assets
NOK 6,2M
+12%
Equity
NOK 1M
+0%
Employees
6
—
Company information
Legal name
ULVIN AS
Org number
926835432
Legal form
Aksjeselskap
NACE code
8130 · Landscape service activities
Founded
22. mars 2021
Share capital
NOK 30 000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Gartnertjenester, håndtverkstjenester og utleie av maskiner samt deltakelse i andre selskaper.
Contact
Address
Øvre Smestadvei 22B, 0378 Oslo
Email
post@ulvinas.no
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Revenue
NOK millions
0M
4M
9M
13M
17M
11M
2021
12M
2022
14M
2023
15M
2024
EBITDA
NOK millions
0M
1M
2M
3M
3M
2M
2021
2M
2022
3M
2023
3M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
10 924
12 063
13 934
14 687
Staff expenses
−3 827
−4 725
−4 898
−4 883
EBITDA
2 071
1 822
2 549
3 019
Depreciation & amort.
−194
−229
−242
−260
EBIT
1 877
1 593
2 307
2 759
Net financials
−16
−24
−18
−23
Profit before tax
1 861
1 569
2 289
2 736
Tax
409
345
505
602
Net profit
1 451
1 224
1 784
2 134
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
4 502
4 890
5 530
6 216
Equity
730
754
1 037
1 042
Long-term debt
800
633
463
717
Short-term debt
2 973
3 504
4 029
4 457
Total debt
3 772
4 136
4 493
5 174
Financial ratios
5-year trend
EBITDA margin
20.6%
This company
15.8%
Market median
+30% vs market
2021
2024
Equity ratio
16.8%
This company
38.2%
Market median
-56% vs market
2021
2024
Return on equity
204.9%
This company
18.4%
Market median
+1014% vs market
2021
2024
Net profit margin
14.5%
This company
8.1%
Market median
+79% vs market
2021
2024
Asset turnover
2.36×
This company
1.12×
Market median
+111% vs market
2021
2024
Debt / equity
4.97×
This company
0.62×
Market median
-702% vs market
2021
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
Management
Actively employed in the business
Name
Role
Member since
Current (1)
MR
Martin Røe
Chief Executive Officer
Chief Executive Officer
2021
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Martin Røe Holding As
Company
60%
60%
2023
Noreik Holding As
Company
40%
40%
2023
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
Martin Røe Holding As
ULVIN AS
(this company)
Board network connections
Board members of ULVIN AS also hold positions in
0
other companies.
Person
Role here
Other companies
Martin Røe
Chief Executive Officer
0 companies