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GEOFROST AS
AS
Active
Org 938349746
C.J. Hambros Plass 2C, 0164 Oslo
Specialised construction activities in civil engineering · NACE 4350
Est. 1986
3 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 164M
+627% vs 2023
EBITDA margin
14.6%
+383% vs 2023
Equity ratio
34.3%
Financial strength
Net profit 2024
NOK 15,6M
+310% vs 2023
EBITDA — year on year
NOK millions
30M
23M
15M
8M
0M
0M
2020
2M
+200%
2021
0M
-100%
2022
5M
+500%
2023
24M
+380%
2024
Key figures
Annual report 2024
Revenue
NOK 164M
+627%
EBITDA
NOK 23,9M
+383%
Net profit
NOK 15,6M
+310%
Total assets
NOK 33,7M
+113%
Equity
NOK 11,6M
+0%
Employees
3
—
Company information
Legal name
GEOFROST AS
Org number
938349746
Legal form
Aksjeselskap
NACE code
4350 · Specialised construction activities in civil engineering
Founded
21. mars 1986
Share capital
NOK 1 000 000
Employees
3 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
C.J. Hambros Plass 2C, 0164 Oslo
Phone
+4767147350
Email
geofrost@geofrost.no
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Companies in Specialised construction activities in civil engineering
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Revenue
NOK millions
0M
47M
94M
141M
189M
4M
2020
7M
2021
4M
2022
23M
2023
164M
2024
EBITDA
NOK millions
0M
7M
14M
21M
28M
0M
2020
2M
2021
0M
2022
5M
2023
24M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
3 899
6 544
4 364
22 545
164 005
Staff expenses
−2 781
−0
−3 218
−3 450
−4 149
EBITDA
469
2 014
−62
4 946
23 878
Depreciation & amort.
−507
−576
−574
−809
−708
EBIT
−38
1 438
−636
4 136
23 170
Net financials
43
−23
69
432
−2 247
Profit before tax
4
1 415
−567
4 568
20 923
Tax
−0
−0
−0
775
5 363
Net profit
4
1 415
−567
3 793
15 561
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
8 615
9 746
8 304
15 818
33 666
Equity
7 052
8 366
7 799
11 592
11 553
Long-term debt
0
0
0
434
0
Short-term debt
1 563
1 380
506
3 792
22 113
Total debt
1 563
1 380
506
4 226
22 113
Financial ratios
5-year trend
EBITDA margin
14.6%
This company
15.8%
Market median
-8% vs market
2020
2024
Equity ratio
34.3%
This company
38.2%
Market median
+10% vs market
2020
2024
Return on equity
134.7%
This company
18.4%
Market median
+632% vs market
2020
2024
Net profit margin
9.5%
This company
8.1%
Market median
+17% vs market
2020
2024
Asset turnover
4.87×
This company
1.12×
Market median
+335% vs market
2020
2024
Debt / equity
1.91×
This company
0.62×
Market median
-208% 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)
LB
Lasse Berggren
Deputy Member
Deputy Member
2023
Former (1)
TB
Tommy Berggren
Deputy Member
Deputy Member
2008 – 2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
AB
Anne-Lise Berggren
Chairman
2008
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Wet Ground Construction As
Company
100%
100%
2022
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Company hierarchy
Wet Ground Construction As
GEOFROST AS
(this company)
Board network connections
Board members of GEOFROST AS also hold positions in
0
other companies.
Person
Role here
Other companies
Lasse Berggren
Deputy Member
0 companies
Tommy Berggren
Deputy Member
0 companies
Anne-Lise Berggren
Chairman
0 companies