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POLAR INTERNATIONAL A/S
AS
Active
Org 945822295
Gneisveien 14B, 3221 Sandefjord
Manufacture of other special-purpose machinery n.e.c. · NACE 2899
Est. 1987
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2021
NOK 1,6M
+91% vs 2020
EBITDA margin
-33.3%
+22% vs 2020
Equity ratio
69.8%
Financial strength
Net profit 2021
NOK 1,2M
+286% vs 2020
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
-1M
2017
-1M
0%
2018
0M
+100%
2019
-1M
-100%
2020
-1M
0%
2021
Key figures
Annual report 2021
Revenue
NOK 1,6M
+91%
EBITDA
NOK -525K
+22%
Net profit
NOK 1,2M
+286%
Total assets
NOK 5,9M
+39%
Equity
NOK 4,1M
+210%
Employees
0
—
Company information
Legal name
POLAR INTERNATIONAL A/S
Org number
945822295
Legal form
Aksjeselskap
NACE code
2899 · Manufacture of other special-purpose machinery n.e.c.
Founded
21. desember 1987
Share capital
NOK 400 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Contact
Address
Gneisveien 14B, 3221 Sandefjord
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Companies in Manufacture of other special-purpose machinery n.e.c.
Companies in Sandefjord
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
2M
2017
1M
2018
2M
2019
1M
2020
2M
2021
EBITDA
NOK millions
0M
0M
1M
1M
1M
-1M
2017
-1M
2018
0M
2019
-1M
2020
-1M
2021
Income statement
NOK thousands
Item
2017
2018
2019
2020
2021
Revenue
2 065
962
2 095
824
1 577
Staff expenses
−426
−434
−432
−382
−337
EBITDA
−996
−862
148
−673
−525
Depreciation & amort.
−43
−0
−0
−0
−0
EBIT
−1 039
−862
148
−673
−525
Net financials
−53
16
77
1
−13
Profit before tax
−1 092
−845
225
−672
−538
Tax
−0
−0
−0
−0
−1 788
Net profit
−1 092
−845
225
−672
1 250
Balance sheet
NOK thousands
Item
2017
2018
2019
2020
2021
Total assets
3 680
3 397
4 031
4 221
5 881
Equity
−485
−1 331
1 395
1 323
4 106
Long-term debt
134
2 500
0
0
0
Short-term debt
4 031
2 228
2 636
2 898
1 774
Total debt
4 165
4 728
2 636
2 898
1 774
Financial ratios
5-year trend
EBITDA margin
-33.3%
This company
15.8%
Market median
-311% vs market
2017
2021
Equity ratio
69.8%
This company
38.2%
Market median
+83% vs market
2017
2021
Return on equity
30.4%
This company
18.4%
Market median
+65% vs market
2017
2021
Net profit margin
79.3%
This company
8.1%
Market median
+879% vs market
2017
2021
Asset turnover
0.27×
This company
1.12×
Market median
-76% vs market
2017
2021
Debt / equity
0.43×
This company
0.62×
Market median
+31% vs market
2017
2021
Annual reports & filings
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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View
PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Former (1)
TF
Thomas Fjeldsend-Bjørnstad
Chief Executive Officer
Chief Executive Officer
2022 – 2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
OF
Olaf Fjeldsend
Board of Directors
2023
MF
Marianne Fjeldsend
Chairman
2023
Former (1)
DA
Dag Andre Abrahamsen
Board of Directors
2022 – 2023
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
POLAR-GRUPPEN AS
Company
100%
100%
2023
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
POLAR-GRUPPEN AS
POLAR INTERNATIONAL A/S
(this company)
Board network connections
Board members of POLAR INTERNATIONAL A/S also hold positions in
0
other companies.
Person
Role here
Other companies
Thomas Fjeldsend-Bjørnstad
Chief Executive Officer
0 companies
Dag Andre Abrahamsen
Board of Directors
0 companies
Olaf Fjeldsend
Board of Directors
0 companies
Marianne Fjeldsend
Chairman
0 companies