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FOLKESTADVEGEN 21 AS
AS
Active
Org 929565673
Televegen 5, 3802 Bø I Telemark
Development of building projects · NACE 6812
Est. 2022
0 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 1,2M
0% vs 2023
EBITDA margin
100.0%
0% vs 2023
Equity ratio
-2.9%
Financial strength
Net profit 2024
NOK -622K
+4% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2022
1M
+100%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 1,2M
+0%
EBITDA
NOK 1,1M
+0%
Net profit
NOK -622K
+4%
Total assets
NOK 43,2M
-2%
Equity
NOK -1,2M
-99%
Employees
0
—
Company information
Legal name
FOLKESTADVEGEN 21 AS
Org number
929565673
Legal form
Aksjeselskap
NACE code
6812 · Development of building projects
Founded
28. juli 2022
Share capital
NOK 30 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Kjøp, salg, utvikling og utleie av eiendom.
Contact
Address
Televegen 5, 3802 Bø I Telemark
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Companies in Development of building projects
Companies in Midt-Telemark
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2022
1M
2023
1M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
0
1 150
1 150
Staff expenses
−0
−0
−0
EBITDA
−6
1 149
1 150
Depreciation & amort.
−0
−900
−900
EBIT
−6
249
250
Net financials
0
−900
−872
Profit before tax
−6
−651
−622
Tax
−0
−0
−0
Net profit
−6
−651
−622
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
45 024
44 124
43 223
Equity
24
−627
−1 249
Long-term debt
45 000
44 750
44 472
Short-term debt
0
0
0
Total debt
45 000
44 750
44 472
Financial ratios
5-year trend
EBITDA margin
100.0%
This company
15.8%
Market median
+533% vs market
2022
2024
Equity ratio
-2.9%
This company
38.2%
Market median
-108% vs market
2022
2024
Return on equity
-62214100.0%
This company
18.4%
Market median
-338120209% vs market
2022
2024
Net profit margin
-54.1%
This company
8.1%
Market median
-768% vs market
2022
2024
Asset turnover
0.03×
This company
1.12×
Market median
-97% vs market
2022
2024
Debt / equity
35.61×
This company
0.62×
Market median
-5644% 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 2022-07-04 – 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
Current (4)
OC
Ole Christian Aasgrav Bakås
Board of Directors
2024
TB
Terje Bakken
Board of Directors
2024
HB
Helene Braaten Knudsen
Board of Directors
2025
HO
Hans Olav Bakås
Chairman
2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Høgvoll As
Company
100%
100%
2024
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
Terje Invest As
Høgvoll As
FOLKESTADVEGEN 21 AS
(this company)
Board network connections
Board members of FOLKESTADVEGEN 21 AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ole Christian Aasgrav Bakås
Board of Directors
0 companies
Terje Bakken
Board of Directors
0 companies
Helene Braaten Knudsen
Board of Directors
0 companies
Hans Olav Bakås
Chairman
0 companies