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NORWAY ESTATE AS
AS
Active
Org 928780449
Lusevjaveien 11, 3055 Krokstadelva
Rental and operating of own or leased real estate · NACE 6820
Est. 2022
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 2M
+24% vs 2023
EBITDA margin
88.5%
+27% vs 2023
Equity ratio
7.3%
Financial strength
Net profit 2024
NOK 240K
+176% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
1M
2022
1M
0%
2023
2M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 2M
+24%
EBITDA
NOK 1,8M
+27%
Net profit
NOK 240K
+176%
Total assets
NOK 23M
+0%
Equity
NOK 1,7M
+17%
Employees
0
—
Company information
Legal name
NORWAY ESTATE AS
Org number
928780449
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
25. februar 2022
Share capital
NOK 1 800 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Kjøp av eiendom for utleie der formålet er langsiktig sparing/investering.
Contact
Address
Lusevjaveien 11, 3055 Krokstadelva
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Companies in Rental and operating of own or leased real estate
Companies in Drammen
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
1M
2022
2M
2023
2M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
1M
2022
1M
2023
2M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
628
1 597
1 981
Staff expenses
−9
−0
−0
EBITDA
578
1 385
1 754
Depreciation & amort.
−0
−0
−0
EBIT
578
1 385
1 754
Net financials
−636
−1 688
−1 514
Profit before tax
−58
−303
240
Tax
−13
13
−0
Net profit
−45
−316
240
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
22 718
22 976
22 980
Equity
1 755
1 439
1 679
Long-term debt
20 613
20 700
20 510
Short-term debt
350
837
791
Total debt
20 964
21 537
21 301
Financial ratios
5-year trend
EBITDA margin
88.5%
This company
15.8%
Market median
+460% vs market
2022
2024
Equity ratio
7.3%
This company
38.2%
Market median
-81% vs market
2022
2024
Return on equity
14.3%
This company
18.4%
Market median
+22% vs market
2022
2024
Net profit margin
12.1%
This company
8.1%
Market median
+49% vs market
2022
2024
Asset turnover
0.09×
This company
1.12×
Market median
-92% vs market
2022
2024
Debt / equity
12.69×
This company
0.62×
Market median
-1947% 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
Name
Role
Member since
Current (1)
JG
John Granly Steen
Chief Executive Officer
Chief Executive Officer
2022
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
EK
Espen Karlgård
Board of Directors
2022
NS
Nipun Sharma
Board of Directors
2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Maskin Estate As
Company
33.33%
33.33%
2022
MN ØKONOMI OG REGNSKAP AS
Company
33.33%
33.33%
2022
Homeimprovement As
Company
33.33%
33.33%
2022
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Company hierarchy
MN ØKONOMI OG REGNSKAP AS
NORWAY ESTATE AS
(this company)
Board network connections
Board members of NORWAY ESTATE AS also hold positions in
0
other companies.
Person
Role here
Other companies
John Granly Steen
Chief Executive Officer
0 companies
Espen Karlgård
Board of Directors
0 companies
Nipun Sharma
Board of Directors
0 companies