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FAVO AS
AS
Active
Org 934039459
Haukelivegen 668, 5582 Ølensvåg
Computer programming activities · NACE 6210
Est. 2024
11 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 23,4M
EBITDA margin
23.3%
Equity ratio
7.5%
Financial strength
Net profit 2024
NOK 4,3M
11 employees
EBITDA — year on year
NOK millions
0M
2M
3M
5M
6M
5M
2024
Key figures
Annual report 2024
Revenue
NOK 23,4M
—
EBITDA
NOK 5,5M
—
Net profit
NOK 4,3M
—
Total assets
NOK 11,2M
—
Equity
NOK 845K
—
Employees
11
—
Company information
Legal name
FAVO AS
Org number
934039459
Legal form
Aksjeselskap
NACE code
6210 · Computer programming activities
Founded
16. september 2024
Share capital
NOK 30 000
Employees
11 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder alene.
Company purpose
Utvikling, forvaltning, drift og support av webbaserte ikt-løsninger, samt deltakelse i andre selskaper av enhver art.
Contact
Address
Haukelivegen 668, 5582 Ølensvåg
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Revenue
NOK millions
0M
7M
13M
20M
26M
23M
2024
EBITDA
NOK millions
0M
1M
3M
4M
6M
5M
2024
Income statement
NOK thousands
Item
2024
Revenue
23 420
Staff expenses
−13 579
EBITDA
5 468
Depreciation & amort.
−167
EBIT
5 301
Net financials
146
Profit before tax
5 447
Tax
1 152
Net profit
4 295
Balance sheet
NOK thousands
Item
2024
Total assets
11 191
Equity
845
Long-term debt
5 967
Short-term debt
4 379
Total debt
10 346
Financial ratios
5-year trend
EBITDA margin
23.3%
This company
15.8%
Market median
+47% vs market
2024
2024
Equity ratio
7.5%
This company
38.2%
Market median
-80% vs market
2024
2024
Return on equity
508.5%
This company
18.4%
Market median
+2664% vs market
2024
2024
Net profit margin
18.3%
This company
8.1%
Market median
+126% vs market
2024
2024
Asset turnover
2.09×
This company
1.12×
Market median
+87% vs market
2024
2024
Debt / equity
12.25×
This company
0.62×
Market median
-1876% vs market
2024
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
AH
Andreas Høyland
Chief Executive Officer
Chief Executive Officer
2024
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
TÅ
Torleiv Åreskjold
Chairman
2025
—
—
ME
Mirjam Engelsvold
Board of Directors
2026
—
—
LT
Leif Thorsen
Chairman
2024
—
—
TH
Tor Hellestøl
Board of Directors
2026
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Favo Holding 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.
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Company hierarchy
Favo Holding As
FAVO AS
(this company)
Board network connections
Board members of FAVO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Andreas Høyland
Chief Executive Officer
0 companies
Torleiv Åreskjold
Chairman
0 companies
Mirjam Engelsvold
Board of Directors
0 companies
Leif Thorsen
Chairman
0 companies
Tor Hellestøl
Board of Directors
0 companies