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Hvalen Utvikling AS
AS
Active
Org 934125150
Storgata 33, 3256
Larvik
Rental and operating of own or leased real estate
·
NACE 6820
Est. 1983 · 42 years old
1 employees
www.alfaeiendom.no
Monitor
Share
Norway
/
Companies
/
Rental and operating of own or leased real estate
/
Hvalen Utvikling AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
147M
110M
73M
37M
0M
2021: 118M
118M
2021
2022: 16M (-86% vs 2021)
16M
-86%
2022
2023: 8M (-50% vs 2022)
8M
-50%
2023
2024: 9M (+13% vs 2023)
9M
+13%
2024
2025: 11M (+22% vs 2024)
11M
+22%
2025
EBITDA
NOK millions
22M
17M
11M
6M
0M
2021: 18M
18M
2021
2022: 2M (-89% vs 2021)
2M
-89%
2022
2023: 3M (+50% vs 2022)
3M
+50%
2023
2024: 5M (+67% vs 2023)
5M
+67%
2024
2025: 7M (+40% vs 2024)
7M
+40%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
11 081
8 825
8 425
16 464
118 162
Staff expenses
−285
−261
−327
−574
−782
EBITDA
7 040
4 908
3 377
1 686
18 009
Depreciation & amort.
−1 352
−1 356
−498
−748
−683
EBIT
5 688
3 552
2 879
938
17 326
Net financials
−7 275
−7 764
−7 366
−7 501
−3 669
Profit before tax
−1 587
−4 212
−4 487
−6 562
13 657
Tax
−349
−926
−987
−1 478
2 970
Net profit
−1 238
−3 286
−3 500
−5 084
10 687
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
230 991
234 476
235 658
241 739
250 267
Equity
95 477
96 716
100 001
103 501
53 118
Long-term debt
134 030
135 887
133 000
135 239
173 077
Short-term debt
1 483
1 874
2 656
2 998
24 072
Total debt
135 513
137 761
135 656
138 238
197 149
Financial ratios
5-year trend
EBITDA margin
63,5 %
This company
15,8 %
Market median
This company
Market median
302% above market
2021
2025
Equity ratio
41,3 %
This company
38,2 %
Market median
This company
Market median
8% above market
2021
2025
Return on equity
−1,3 %
This company
18,4 %
Market median
This company
Market median
107% below market
2021
2025
Net profit margin
−11,2 %
This company
8,1 %
Market median
This company
Market median
238% below market
2021
2025
Asset turnover
0,05×
This company
1,12×
Market median
This company
Market median
96% below market
2021
2025
Debt / equity
1,42×
This company
0,62×
Market median
This company
Market median
129% above market
2021
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 2023-01-01 – 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
More on Hvalen Utvikling AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
