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ASActiveOrg 935722713Sankt Hallvards Vei 3, 3414 LierstrandaWholesale of other machinery and equipment · NACE 4664Est. 198423 employeeswww.garo.no
Revenue 2024
NOK 134,6M
-8% vs 2023
EBITDA margin
3.6%
+119% vs 2023
Equity ratio
41.4%
Financial strength
Net profit 2024
NOK 3,3M
+792% vs 2023
| Revenue | NOK 134,6M | -8% |
| EBITDA | NOK 4,8M | +119% |
| Net profit | NOK 3,3M | +792% |
| Total assets | NOK 45,7M | -11% |
| Equity | NOK 18,9M | +2% |
| Employees | 23 | — |
Legal name
GARO AS
Org number
935722713
Legal form
Aksjeselskap
NACE code
4664 · Wholesale of other machinery and equipment
Founded
10. oktober 1984
Share capital
—
Employees
23 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Address
Sankt Hallvards Vei 3, 3414 Lierstranda
Phone
+4732896450
Email
garo@garo.no
Website
www.garo.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 47 049 | 49 442 | 58 823 | 63 820 | 71 563 | 78 098 | 122 589 | 148 068 | 141 906 | 164 847 | 177 713 | 181 073 | 167 171 | 137 010 | 146 095 | 134 592 |
| Staff expenses | −6 619 | −7 250 | −7 478 | −8 501 | −9 238 | −9 496 | −11 113 | −12 959 | −15 237 | −16 039 | −18 847 | −18 963 | −21 845 | −24 308 | −24 644 | −27 973 |
| EBITDA | 3 882 | 4 038 | 5 483 | 6 987 | 7 820 | 8 993 | 17 765 | 23 542 | 17 526 | 19 512 | 18 303 | 23 202 | 13 772 | 8 234 | 2 195 | 4 808 |
| Depreciation & amort. | −104 | −143 | −148 | −157 | −201 | −242 | −215 | −357 | −386 | −479 | −782 | −960 | −1 084 | −1 145 | −835 | −366 |
| EBIT | 3 778 | 3 894 | 5 336 | 6 830 | 7 618 | 8 751 | 17 550 | 23 186 | 17 140 | 19 033 | 17 521 | 22 242 | 12 688 | 7 088 | 1 361 | 4 443 |
| Net financials | 331 | 153 | 322 | 293 | −1 100 | −817 | −1 964 | −239 | −1 095 | −951 | 39 | −739 | 377 | −420 | −863 | −184 |
| Profit before tax | 4 109 | 4 047 | 5 657 | 7 123 | 6 519 | 7 935 | 15 586 | 22 946 | 16 044 | 18 082 | 17 559 | 21 504 | 13 065 | 6 668 | 497 | 4 259 |
| Tax | 1 170 | 1 146 | 1 595 | 2 009 | 1 839 | 2 155 | 4 227 | 5 750 | 3 872 | 4 171 | 3 887 | 4 738 | 2 881 | 1 480 | 126 | 950 |
| Net profit | 2 939 | 2 901 | 4 063 | 5 114 | 4 680 | 5 779 | 11 359 | 17 197 | 12 172 | 13 911 | 13 672 | 16 766 | 10 183 | 5 189 | 371 | 3 309 |
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 13 714 | 18 379 | 24 539 | 22 901 | 23 685 | 29 465 | 39 215 | 44 985 | 49 020 | 55 000 | 61 964 | 67 828 | 64 051 | 51 281 | 51 694 | 45 750 |
| Equity | 3 277 | 3 478 | 3 541 | 3 655 | 3 735 | 3 814 | 5 173 | 6 370 | 7 542 | 9 454 | 11 126 | 13 892 | 17 076 | 18 264 | 18 635 | 18 944 |
| Long-term debt | −50 | −50 | −50 | 0 | 0 | 0 | 0 | 63 | 27 | −10 | 927 | 385 | 127 | 0 | 0 | 0 |
| Short-term debt | 10 387 | 14 851 | 20 949 | 19 196 | 19 900 | 25 601 | 33 992 | 38 501 | 41 401 | 45 506 | 49 861 | 53 501 | 46 798 | 32 967 | 33 009 | 26 755 |
| Total debt | 10 387 | 14 851 | 20 949 | 19 196 | 19 900 | 25 601 | 33 992 | 38 565 | 41 428 | 45 497 | 50 788 | 53 886 | 46 925 | 32 967 | 33 009 | 26 755 |
EBITDA margin
3.6%
This company
15.8%
Market median
-77% vs market
20092024
Equity ratio
41.4%
This company
38.2%
Market median
+8% vs market
20092024
Return on equity
17.5%
This company
18.4%
Market median
+5% vs market
20092024
Net profit margin
2.5%
This company
8.1%
Market median
-69% vs market
20092024
Asset turnover
2.94×
This company
1.12×
Market median
+162% vs market
20092024
Debt / equity
1.41×
This company
0.62×
Market median
-127% vs market
20092024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
- Annual report 2011Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
- Annual report 2010Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
- Annual report 2009Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
JL Chief Executive Officer | Chief Executive Officer | 1998 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2025 | — | — | |
| Board of Directors | 2019 | — | — | |
| Board of Directors | 2019 | — | — | |
| Chairman | 2019 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Garo Ab | 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. Learn more.
No registered parent or subsidiaries
Board members of GARO AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jan Larsgaard | Chief Executive Officer | 0 companies |
| Lars Jonas Klaren | Chairman | 0 companies |
| Anna Helena Claesson | Board of Directors | 0 companies |
| Ellen Haugen | Board of Directors | 0 companies |
| Patrik Hans Erik Andersson | Chairman | 0 companies |