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GEIR LØVÅS AS
AS
Active
Org 952534599
Høgberget 38, 7606 Levanger
Retail sale of motor vehicles · NACE 4781
Est. 1989
6 employees
www.lovaasbil.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 40,9M
+3% vs 2023
EBITDA margin
2.6%
+60% vs 2023
Equity ratio
63.3%
Financial strength
Net profit 2024
NOK 769K
+91% vs 2023
EBITDA — year on year
NOK millions
4M
3M
2M
1M
0M
3M
2020
2M
-33%
2021
0M
-100%
2022
1M
+100%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 40,9M
+3%
EBITDA
NOK 1,1M
+60%
Net profit
NOK 769K
+91%
Total assets
NOK 6,8M
+12%
Equity
NOK 4,3M
-15%
Employees
6
—
Company information
Legal name
GEIR LØVÅS AS
Org number
952534599
Legal form
Aksjeselskap
NACE code
4781 · Retail sale of motor vehicles
Founded
1. august 1989
Share capital
NOK 100 000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Bilsalg og virksomhet som naturlig hører inn under dette, herunder eventuell deltakelse i andre selskaper.
Contact
Address
Høgberget 38, 7606 Levanger
Email
g.lovaas@online.no
Website
www.lovaasbil.no
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Revenue
NOK millions
0M
18M
35M
53M
70M
53M
2020
61M
2021
53M
2022
40M
2023
41M
2024
EBITDA
NOK millions
0M
1M
2M
3M
3M
3M
2020
2M
2021
0M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
52 777
61 496
52 611
39 727
40 943
Staff expenses
−1 739
−2 275
−2 135
−1 673
−2 035
EBITDA
2 514
2 163
352
665
1 066
Depreciation & amort.
−47
−36
−36
−42
−33
EBIT
2 466
2 127
315
623
1 033
Net financials
−76
−61
−67
−105
−45
Profit before tax
2 390
2 066
249
518
988
Tax
527
453
55
115
219
Net profit
1 863
1 613
194
403
769
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
7 740
7 213
8 286
6 095
6 798
Equity
4 400
4 971
4 965
5 032
4 301
Long-term debt
0
0
0
0
0
Short-term debt
3 340
2 241
3 320
1 064
2 497
Total debt
3 340
2 241
3 320
1 064
2 497
Financial ratios
5-year trend
EBITDA margin
2.6%
This company
15.8%
Market median
-84% vs market
2020
2024
Equity ratio
63.3%
This company
38.2%
Market median
+66% vs market
2020
2024
Return on equity
17.9%
This company
18.4%
Market median
+3% vs market
2020
2024
Net profit margin
1.9%
This company
8.1%
Market median
-77% vs market
2020
2024
Asset turnover
6.02×
This company
1.12×
Market median
+437% vs market
2020
2024
Debt / equity
0.58×
This company
0.62×
Market median
+6% 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 (2)
GL
Geir Løvaas
Chief Executive Officer
Chief Executive Officer
1989
GK
Geir Kolstad
Deputy Member
Deputy Member
1989
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Hige Holding As
Company
100%
100%
2024
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Company hierarchy
Hige Holding As
GEIR LØVÅS AS
(this company)
Board network connections
Board members of GEIR LØVÅS AS also hold positions in
0
other companies.
Person
Role here
Other companies
Geir Løvaas
Chief Executive Officer
0 companies
Geir Kolstad
Deputy Member
0 companies