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GEOTHERM AS
AS
Active
Org 968118706
Otto Rykkinds Vei 12, 1349 Rykkinn
Other specialised construction activities n.e.c. · NACE 4399
Est. 1993
0 employees
www.universalboring.no
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2021
NOK 1,6M
+6% vs 2020
EBITDA margin
45.1%
+1635% vs 2020
Equity ratio
71.0%
Financial strength
Net profit 2021
NOK 513K
+702% vs 2020
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2017
0M
0%
2018
0M
0%
2019
0M
0%
2020
1M
+100%
2021
Key figures
Annual report 2021
Revenue
NOK 1,6M
+6%
EBITDA
NOK 732K
+1635%
Net profit
NOK 513K
+702%
Total assets
NOK 1,1M
+115%
Equity
NOK 758K
+210%
Employees
0
—
Company information
Legal name
GEOTHERM AS
Org number
968118706
Legal form
Aksjeselskap
NACE code
4399 · Other specialised construction activities n.e.c.
Founded
31. august 1993
Share capital
NOK 10 000 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Contact
Address
Otto Rykkinds Vei 12, 1349 Rykkinn
Website
www.universalboring.no
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Companies in Other specialised construction activities n.e.c.
Companies in Bærum
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
0M
2017
0M
2018
0M
2019
2M
2020
2M
2021
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2017
0M
2018
0M
2019
0M
2020
1M
2021
Income statement
NOK thousands
Item
2017
2018
2019
2020
2021
Revenue
260
310
358
1 527
1 624
Staff expenses
−0
−0
−0
−0
−0
EBITDA
137
221
65
−48
732
Depreciation & amort.
−20
−37
−60
−30
−88
EBIT
116
184
5
−78
645
Net financials
0
−0
−0
−14
−4
Profit before tax
116
184
4
−92
641
Tax
18
42
1
−7
127
Net profit
99
142
3
−85
513
Balance sheet
NOK thousands
Item
2017
2018
2019
2020
2021
Total assets
238
487
428
495
1 067
Equity
184
326
330
244
758
Long-term debt
6
6
7
0
127
Short-term debt
48
155
91
251
182
Total debt
54
160
98
251
309
Financial ratios
5-year trend
EBITDA margin
45.1%
This company
15.8%
Market median
+185% vs market
2017
2021
Equity ratio
71.0%
This company
38.2%
Market median
+86% vs market
2017
2021
Return on equity
67.8%
This company
18.4%
Market median
+268% vs market
2017
2021
Net profit margin
31.6%
This company
8.1%
Market median
+290% vs market
2017
2021
Asset turnover
1.52×
This company
1.12×
Market median
+36% vs market
2017
2021
Debt / equity
0.41×
This company
0.62×
Market median
+34% 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
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
SG
Svein Grøtness
Board of Directors
2022
KO
Kjell Ole Heggland
Chairman
2022
Former (2)
HM
Hilde Merete Heggland
Board of Directors
2021 – 2022
SR
Siv Rebecca Andersen Grøtness
Board of Directors
2021 – 2022
Shareholders
As of last annual report
No shareholder data available.
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
No registered parent or subsidiaries
Board network connections
Board members of GEOTHERM AS also hold positions in
0
other companies.
Person
Role here
Other companies
Svein Grøtness
Board of Directors
0 companies
Kjell Ole Heggland
Chairman
0 companies
Hilde Merete Heggland
Board of Directors
0 companies
Siv Rebecca Andersen Grøtness
Board of Directors
0 companies