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SJØSIDEN VALLE AS
AS
Active
Org 927213346
Hoseid Gård Oseidveien 473, 3750 Drangedal
Development of building projects · NACE 6812
Est. 2021
0 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 30,9M
-29% vs 2023
EBITDA margin
2.7%
-30% vs 2023
Equity ratio
6.7%
Financial strength
Net profit 2024
NOK 659K
-29% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2021
1M
+100%
2022
1M
0%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 30,9M
-29%
EBITDA
NOK 836K
-30%
Net profit
NOK 659K
-29%
Total assets
NOK 36,9M
-47%
Equity
NOK 2,5M
+36%
Employees
0
—
Company information
Legal name
SJØSIDEN VALLE AS
Org number
927213346
Legal form
Aksjeselskap
NACE code
6812 · Development of building projects
Founded
7. juni 2021
Share capital
NOK 30 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Kjøp, utvikling, salg og drift av fast eiendom, samt annen virksomhet som står i naturlig sammenheng med dette.
Contact
Address
Hoseid Gård Oseidveien 473, 3750 Drangedal
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Explore
Companies in Development of building projects
Companies in Drangedal
All Norway companies
Revenue
NOK millions
0M
12M
25M
37M
49M
0M
2021
12M
2022
43M
2023
31M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
1M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
26
11 944
43 377
30 943
Staff expenses
−0
−0
−0
−0
EBITDA
10
1 109
1 188
836
Depreciation & amort.
−0
−0
−0
−0
EBIT
10
1 109
1 188
836
Net financials
0
0
0
8
Profit before tax
10
1 109
1 188
844
Tax
2
244
263
184
Net profit
7
865
926
659
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
8 050
14 941
69 047
36 873
Equity
37
903
1 828
2 488
Long-term debt
5 672
5 916
509
33 744
Short-term debt
2 341
8 122
66 710
641
Total debt
8 013
14 038
67 219
34 385
Financial ratios
5-year trend
EBITDA margin
2.7%
This company
15.8%
Market median
-83% vs market
2021
2024
Equity ratio
6.7%
This company
38.2%
Market median
-82% vs market
2021
2024
Return on equity
26.5%
This company
18.4%
Market median
+44% vs market
2021
2024
Net profit margin
2.1%
This company
8.1%
Market median
-74% vs market
2021
2024
Asset turnover
0.84×
This company
1.12×
Market median
+25% vs market
2021
2024
Debt / equity
13.82×
This company
0.62×
Market median
-2129% 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 2021-05-18 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Former (1)
JM
Jørgen Mustad
Chief Executive Officer
Chief Executive Officer
2021 – 2024
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
FY
Finn Yngve Karlsen
Board of Directors
2024
OA
Ole August Karlsen
Chairman
2024
Former (1)
FM
Frederik Mustad
Board of Directors
2021 – 2024
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Morgan Gruppen As
Company
100%
100%
2024
Mustad Utvikling As
Company
50%
50%
2023
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
Hoseid As
Morgan Gruppen As
SJØSIDEN VALLE AS
(this company)
Board network connections
Board members of SJØSIDEN VALLE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Jørgen Mustad
Chief Executive Officer
0 companies
Frederik Mustad
Board of Directors
0 companies
Finn Yngve Karlsen
Board of Directors
0 companies
Ole August Karlsen
Chairman
0 companies