Nor Development Group AS is a Norwegian AS based in Ski, operating in the Wholesale of clothing and footwear sector. Incorporated in 2022, the company has 17 employees and reported revenue of NOK 50.2m in its latest annual filing.
In its most recent annual report (2025), Nor Development Group AS reported revenue of NOK 50.2m, an increase of 17% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net profit of NOK 23.7m, and the EBITDA margin stood at -10.6%.
At the end of 2025, equity financed 90.3% of the balance sheet, and current assets covered short-term debt 1.3 times.
Frequently asked questions
What is the Org number of Nor Development Group AS?
Nor Development Group AS is registered with Brønnøysundsregistrene under Org 929393740.
What is the revenue of Nor Development Group AS?
Nor Development Group AS reported revenue of NOK 50.2m in 2025.
How many employees does Nor Development Group AS have?
Nor Development Group AS employs 17 people as of the latest annual report.
Who is the CEO of Nor Development Group AS?
Jon Gultvedt is the CEO of Nor Development Group AS, in role since 2024.
Who is the chairman of Nor Development Group AS?
Nils Holm Toverud chairs the board of Nor Development Group AS, in role since 2025.
Where is Nor Development Group AS headquartered?
Nor Development Group AS's registered address is Glynitveien 15, 1400 Ski.
