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FLOAT AS
AS
Active
Org 931188399
Skurvebakkane 68, 4331 Ålgård
Wholesale of wood, construction materials and sanitary equipment · NACE 4683
Est. 2023
2 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 7,4M
+14% vs 2024
EBITDA margin
3.8%
-63% vs 2024
Equity ratio
40.9%
Financial strength
Net profit 2025
NOK 122K
-75% vs 2024
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2023
1M
+100%
2024
0M
-100%
2025
Key figures
Annual report 2025
Revenue
NOK 7,4M
+14%
EBITDA
NOK 279K
-63%
Net profit
NOK 122K
-75%
Total assets
NOK 2M
-1%
Equity
NOK 822K
+17%
Employees
2
—
Company information
Legal name
FLOAT AS
Org number
931188399
Legal form
Aksjeselskap
NACE code
4683 · Wholesale of wood, construction materials and sanitary equipment
Founded
13. april 2023
Share capital
NOK 200 000
Employees
2 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg. Daglig leder eller styrets leder alene.
Company purpose
Drive med kjøp, salg og utvikling av rekkverk, glass og andre produkter i nær tilknytning til dette.
Contact
Address
Skurvebakkane 68, 4331 Ålgård
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Companies in Wholesale of wood, construction materials and sanitary equipment
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Revenue
NOK millions
0M
2M
4M
6M
8M
2M
2023
7M
2024
7M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2023
1M
2024
0M
2025
Income statement
NOK thousands
Item
2023
2024
2025
Revenue
2 486
6 524
7 430
Staff expenses
−356
−2 170
−2 507
EBITDA
281
746
279
Depreciation & amort.
−8
−40
−43
EBIT
273
706
236
Net financials
−0
−12
−1
Profit before tax
272
694
235
Tax
60
200
114
Net profit
213
494
122
Balance sheet
NOK thousands
Item
2023
2024
2025
Total assets
1 623
2 031
2 010
Equity
407
701
822
Long-term debt
2
1
0
Short-term debt
1 214
1 329
1 188
Total debt
1 216
1 330
1 188
Financial ratios
5-year trend
EBITDA margin
3.8%
This company
15.8%
Market median
-76% vs market
2023
2025
Equity ratio
40.9%
This company
38.2%
Market median
+7% vs market
2023
2025
Return on equity
14.8%
This company
18.4%
Market median
+20% vs market
2023
2025
Net profit margin
1.6%
This company
8.1%
Market median
-80% vs market
2023
2025
Asset turnover
3.70×
This company
1.12×
Market median
+230% vs market
2023
2025
Debt / equity
1.44×
This company
0.62×
Market median
-132% vs market
2023
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-03-08 – 2023-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
KA
Kim Andre Salte Vagle
Chief Executive Officer
Chief Executive Officer
2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
SS
Sveinar Skårland
Chairman
2023
JN
Joakim Neresen
Board of Directors
2024
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Vagle Holding As
Company
51%
51%
2024
Svesk Holding As
Company
49%
49%
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
Svesk Holding As
FLOAT AS
(this company)
Board network connections
Board members of FLOAT AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kim Andre Salte Vagle
Chief Executive Officer
0 companies
Sveinar Skårland
Chairman
0 companies
Joakim Neresen
Board of Directors
0 companies