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FORMULATION GAMING AS
AS
Active
Org 928417603
Engdalsvegen 17, 6686 Valsøybotn
Tour operator activities · NACE 7912
Est. 2021
0 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 229K
-40% vs 2023
EBITDA margin
-245.7%
+35% vs 2023
Equity ratio
-284.9%
Financial strength
Net profit 2024
NOK -445K
+35% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
-2M
2022
-1M
+50%
2023
-1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 229K
-40%
EBITDA
NOK -564K
+35%
Net profit
NOK -445K
+35%
Total assets
NOK 645K
+14%
Equity
NOK -1,8M
-32%
Employees
0
—
Company information
Legal name
FORMULATION GAMING AS
Org number
928417603
Legal form
Aksjeselskap
NACE code
7912 · Tour operator activities
Founded
21. desember 2021
Share capital
NOK 32 225
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Thore kristian engdal
Company purpose
Organisert aktivitet innen e-sports, og tilhørende oppdrag innen rådgiving og innholdsproduksjon.
Contact
Address
Engdalsvegen 17, 6686 Valsøybotn
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 Tour operator activities
Companies in Heim
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
-0M
-1M
-1M
-1M
-2M
2022
-1M
2023
-1M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
341
382
229
Staff expenses
−149
−351
−143
EBITDA
−1 505
−867
−564
Depreciation & amort.
−0
−0
−0
EBIT
−1 505
−867
−564
Net financials
−0
−2
−9
Profit before tax
−1 505
−869
−573
Tax
−323
−189
−128
Net profit
−1 182
−681
−445
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
350
568
645
Equity
−711
−1 392
−1 837
Long-term debt
798
779
770
Short-term debt
263
1 181
1 712
Total debt
1 061
1 960
2 482
Financial ratios
5-year trend
EBITDA margin
-245.7%
This company
15.8%
Market median
-1655% vs market
2022
2024
Equity ratio
-284.9%
This company
38.2%
Market median
-846% vs market
2022
2024
Return on equity
-44486100.0%
This company
18.4%
Market median
-241772383% vs market
2022
2024
Net profit margin
-193.9%
This company
8.1%
Market median
-2494% vs market
2022
2024
Asset turnover
0.36×
This company
1.12×
Market median
-68% vs market
2022
2024
Debt / equity
1.35×
This company
0.62×
Market median
-118% vs market
2022
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
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
TK
Thore Kristian Engdal
Chairman
2021
—
—
OA
Ove Andreas Engdal
Deputy Chairman
2021
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Engdal Invest As
Company
90.3%
90.3%
2022
Leif Gunnar Buhaug
Individual
6.0%
6.0%
2022
Paul Hjalmar Hestnes
Individual
2.8%
2.8%
2022
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 FORMULATION GAMING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Thore Kristian Engdal
Chairman
0 companies
Ove Andreas Engdal
Deputy Chairman
0 companies