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NORSOL AS
AS
Active
Org 934002911
Industrivegen 8, 6630 Tingvoll
Manufacture of other technical and industrial textiles · NACE 1396
Est. 1983
64 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 121,9M
-4% vs 2023
EBITDA margin
10.8%
-39% vs 2023
Equity ratio
58.4%
Financial strength
Net profit 2024
NOK 9,7M
-40% vs 2023
EBITDA — year on year
NOK millions
38M
28M
19M
9M
0M
21M
2020
30M
+43%
2021
21M
-30%
2022
22M
+5%
2023
13M
-41%
2024
Key figures
Annual report 2024
Revenue
NOK 121,9M
-4%
EBITDA
NOK 13,2M
-39%
Net profit
NOK 9,7M
-40%
Total assets
NOK 58,5M
-18%
Equity
NOK 34,1M
+7%
Employees
64
—
Company information
Legal name
NORSOL AS
Org number
934002911
Legal form
Aksjeselskap
NACE code
1396 · Manufacture of other technical and industrial textiles
Founded
15. juni 1983
Share capital
—
Employees
64 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Industrivegen 8, 6630 Tingvoll
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Revenue
NOK millions
0M
39M
78M
117M
156M
109M
2020
136M
2021
130M
2022
127M
2023
122M
2024
EBITDA
NOK millions
0M
9M
17M
26M
35M
21M
2020
30M
2021
21M
2022
22M
2023
13M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
109 016
135 608
129 962
127 061
121 948
Staff expenses
−25 416
−31 867
−35 391
−36 490
−36 711
EBITDA
20 688
29 682
21 243
21 657
13 229
Depreciation & amort.
−1 766
−1 744
−2 030
−1 789
−1 569
EBIT
18 922
27 938
19 213
19 868
11 660
Net financials
236
311
185
883
857
Profit before tax
19 158
28 249
19 398
20 751
12 517
Tax
3 579
6 267
4 284
4 601
2 785
Net profit
15 579
21 982
15 115
16 150
9 731
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
63 767
78 877
76 698
71 638
58 471
Equity
34 819
40 638
35 753
31 902
34 134
Long-term debt
0
0
0
0
0
Short-term debt
28 948
38 239
40 945
39 735
24 337
Total debt
28 948
38 239
40 945
39 735
24 337
Financial ratios
5-year trend
EBITDA margin
10.8%
This company
15.8%
Market median
-32% vs market
2020
2024
Equity ratio
58.4%
This company
38.2%
Market median
+53% vs market
2020
2024
Return on equity
28.5%
This company
18.4%
Market median
+55% vs market
2020
2024
Net profit margin
8.0%
This company
8.1%
Market median
-1% vs market
2020
2024
Asset turnover
2.09×
This company
1.12×
Market median
+87% vs market
2020
2024
Debt / equity
0.71×
This company
0.62×
Market median
+15% vs market
2020
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
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
VN
Vegard Nekstad
Chief Executive Officer
Chief Executive Officer
2015
Board of directors
Non-executive oversight
Name
Role
Member since
Current (4)
EO
Elisabeth Olin Nekstad
Chairman
2020
ØK
Øyvind Kjell Nekstad
Board of Directors
2020
HN
Hanne Nekstad
Board of Directors
2020
KN
Krister Nekstad
Board of Directors
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Norsol Eiendomsselskap As
Company
100%
100%
2024
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Company hierarchy
Norsol Eiendomsselskap As
NORSOL AS
(this company)
Board network connections
Board members of NORSOL AS also hold positions in
0
other companies.
Person
Role here
Other companies
Vegard Nekstad
Chief Executive Officer
0 companies
Elisabeth Olin Nekstad
Chairman
0 companies
Øyvind Kjell Nekstad
Board of Directors
0 companies
Hanne Nekstad
Board of Directors
0 companies
Krister Nekstad
Board of Directors
0 companies