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TOR FASSELAND AS
AS
Active
Org 955668359
Gismerøyveien 251, 4515 Mandal
Coating of metals · NACE 2551
Est. 1990
21 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 30,9M
-5% vs 2023
EBITDA margin
11.6%
-4% vs 2023
Equity ratio
30.2%
Financial strength
Net profit 2024
NOK 2,9M
-5% vs 2023
EBITDA — year on year
NOK millions
5M
4M
3M
1M
0M
3M
2020
3M
0%
2021
4M
+33%
2022
4M
0%
2023
4M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 30,9M
-5%
EBITDA
NOK 3,6M
-4%
Net profit
NOK 2,9M
-5%
Total assets
NOK 12,4M
-7%
Equity
NOK 3,8M
-4%
Employees
21
—
Company information
Legal name
TOR FASSELAND AS
Org number
955668359
Legal form
Aksjeselskap
NACE code
2551 · Coating of metals
Founded
2. januar 1990
Share capital
—
Employees
21 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Gismerøyveien 251, 4515 Mandal
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Revenue
NOK millions
0M
9M
18M
28M
37M
25M
2020
24M
2021
28M
2022
32M
2023
31M
2024
EBITDA
NOK millions
0M
1M
2M
3M
5M
3M
2020
3M
2021
4M
2022
4M
2023
4M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
24 677
23 617
27 552
32 466
30 935
Staff expenses
−13 494
−12 847
−14 487
−17 319
−13 501
EBITDA
3 305
2 611
3 851
3 728
3 580
Depreciation & amort.
−685
−680
−528
−570
−624
EBIT
2 620
1 931
3 324
3 157
2 956
Net financials
516
491
87
575
550
Profit before tax
3 136
2 421
3 411
3 732
3 506
Tax
623
477
778
729
651
Net profit
2 513
1 945
2 633
3 003
2 855
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
11 496
12 333
12 370
13 329
12 402
Equity
4 817
4 261
3 894
3 897
3 751
Long-term debt
0
0
0
0
0
Short-term debt
6 679
8 072
8 476
9 432
8 651
Total debt
6 679
8 072
8 476
9 432
8 651
Financial ratios
5-year trend
EBITDA margin
11.6%
This company
15.8%
Market median
-27% vs market
2020
2024
Equity ratio
30.2%
This company
38.2%
Market median
+21% vs market
2020
2024
Return on equity
76.1%
This company
18.4%
Market median
+314% vs market
2020
2024
Net profit margin
9.2%
This company
8.1%
Market median
+14% vs market
2020
2024
Asset turnover
2.49×
This company
1.12×
Market median
+122% vs market
2020
2024
Debt / equity
2.31×
This company
0.62×
Market median
-273% 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)
TF
Tor Fasseland
Chief Executive Officer
Chief Executive Officer
1990
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
EE
Ernst Eilert Fasseland
Chairman
2014
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Tf Invest As
Company
60%
60%
2024
Elifass As
Company
40%
40%
2024
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Company hierarchy
Tf Invest As
TOR FASSELAND AS
(this company)
STAKKHAUEN AS
Board network connections
Board members of TOR FASSELAND AS also hold positions in
0
other companies.
Person
Role here
Other companies
Tor Fasseland
Chief Executive Officer
0 companies
Ernst Eilert Fasseland
Chairman
0 companies