Loading company…
Riskpilot
← Back to search
Sign in
Get full access
NOR DEVELOPMENT GROUP AS
AS
Active
Org 929393740
Glynitveien 15, 1400 Ski
Wholesale of clothing and footwear · NACE 4642
Est. 2022
17 employees
Watchlist
Share
Download PDF
Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 42,8M
+5% vs 2023
EBITDA margin
-12.2%
-455% vs 2023
Equity ratio
75.6%
Financial strength
Net profit 2024
NOK 10M
-76% vs 2023
EBITDA — year on year
NOK millions
0M
0M
1M
1M
1M
-1M
2022
1M
+200%
2023
-5M
-600%
2024
Key figures
Annual report 2024
Revenue
NOK 42,8M
+5%
EBITDA
NOK -5,2M
-455%
Net profit
NOK 10M
-76%
Total assets
NOK 79M
+14%
Equity
NOK 59,7M
+20%
Employees
17
—
Company information
Legal name
NOR DEVELOPMENT GROUP AS
Org number
929393740
Legal form
Aksjeselskap
NACE code
4642 · Wholesale of clothing and footwear
Founded
22. juni 2022
Share capital
NOK 4 000 000
Employees
17 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Handels- og konsulentvirksomhet herunder rådgivning og deltakelse i andre virksomheter.
Contact
Address
Glynitveien 15, 1400 Ski
Phone
+4764851400
Email
contact@ndgroup.no
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 Wholesale of clothing and footwear
Companies in Nordre Follo
All Norway companies
Revenue
NOK millions
0M
12M
25M
37M
49M
5M
2022
41M
2023
43M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
-1M
2022
1M
2023
-5M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
5 096
40 918
42 835
Staff expenses
−5 183
−11 853
−15 826
EBITDA
−1 261
1 472
−5 229
Depreciation & amort.
−5
−2 479
−2 862
EBIT
−1 267
−1 007
−8 091
Net financials
1 295
43 058
18 031
Profit before tax
28
42 051
9 940
Tax
8
−142
−59
Net profit
20
42 194
9 999
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
44 692
69 248
78 968
Equity
37 475
49 669
59 668
Long-term debt
8
0
0
Short-term debt
7 208
19 579
19 300
Total debt
7 216
19 579
19 300
Financial ratios
5-year trend
EBITDA margin
-12.2%
This company
15.8%
Market median
-177% vs market
2022
2024
Equity ratio
75.6%
This company
38.2%
Market median
+98% vs market
2022
2024
Return on equity
16.8%
This company
18.4%
Market median
+9% vs market
2022
2024
Net profit margin
23.3%
This company
8.1%
Market median
+188% vs market
2022
2024
Asset turnover
0.54×
This company
1.12×
Market median
-52% vs market
2022
2024
Debt / equity
0.32×
This company
0.62×
Market median
+48% 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
Age
Other directorships
GR
Geir Ruud
Chief Executive Officer
Chief Executive Officer
2022
—
—
JG
Jon Gultvedt
Chief Executive Officer
Chief Executive Officer
2024
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
CL
Cathrine Lie Tangen
Board of Directors
2025
—
—
WØ
Walter Øverland
Chairman
2022
—
—
NH
Nils Holm Toverud
Chairman
2025
—
—
VE
Viggo Engen
Board of Directors
2025
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Nfm Group As
Company
100.0%
100.0%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
Cattor Holding As
Nfm Group As
NOR DEVELOPMENT GROUP AS
(this company)
CAPSICUM AS
Equipnor As
SAFENOR AS
NORSEGEAR AS
Board network connections
Board members of NOR DEVELOPMENT GROUP AS also hold positions in
0
other companies.
Person
Role here
Other companies
Geir Ruud
Chief Executive Officer
0 companies
Jon Gultvedt
Chief Executive Officer
0 companies
Cathrine Lie Tangen
Board of Directors
0 companies
Walter Øverland
Chairman
0 companies
Nils Holm Toverud
Chairman
0 companies
Viggo Engen
Board of Directors
0 companies