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LETTEN FOUNDATION STI
STI
Active
Org 977131391
Dronning Mauds gate 15, 0250 Oslo
Activities of other membership organisations n.e.c. · NACE 9499
Est. 1986
0 employees
www.lettenfoundation.com
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 5,8M
+12% vs 2023
EBITDA margin
83.9%
+564% vs 2023
Equity ratio
98.0%
Financial strength
Net profit 2024
NOK 4,9M
+535% vs 2023
EBITDA — year on year
NOK millions
6M
5M
3M
2M
0M
0M
2020
3M
+300%
2021
4M
+33%
2022
1M
-75%
2023
5M
+400%
2024
Key figures
Annual report 2024
Revenue
NOK 5,8M
+12%
EBITDA
NOK 4,9M
+564%
Net profit
NOK 4,9M
+535%
Total assets
NOK 72,4M
+4%
Equity
NOK 71M
+7%
Employees
0
—
Company information
Legal name
LETTEN FOUNDATION STI
Org number
977131391
Legal form
Stiftelse
NACE code
9499 · Activities of other membership organisations n.e.c.
Founded
18. desember 1986
Share capital
—
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Dronning Mauds gate 15, 0250 Oslo
Website
www.lettenfoundation.com
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Explore
Companies in Activities of other membership organisations n.e.c.
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
2M
4M
6M
8M
4M
2020
7M
2021
5M
2022
5M
2023
6M
2024
EBITDA
NOK millions
0M
1M
3M
4M
6M
0M
2020
3M
2021
4M
2022
1M
2023
5M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
4 486
7 367
4 566
5 225
5 832
Staff expenses
−349
−310
−450
−308
−307
EBITDA
500
3 493
3 858
737
4 891
Depreciation & amort.
−500
−0
−0
−0
−0
EBIT
−0
3 493
3 858
737
4 891
Net financials
2
0
−0
37
17
Profit before tax
2
3 493
3 858
773
4 908
Tax
−0
−0
−0
−0
−0
Net profit
2
3 493
3 858
773
4 908
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
60 295
62 859
66 674
69 593
72 434
Equity
57 934
61 427
65 285
66 059
70 967
Long-term debt
0
0
0
0
0
Short-term debt
2 360
1 432
1 388
3 534
1 467
Total debt
2 360
1 432
1 388
3 534
1 467
Financial ratios
5-year trend
EBITDA margin
83.9%
This company
15.8%
Market median
+431% vs market
2020
2024
Equity ratio
98.0%
This company
38.2%
Market median
+157% vs market
2020
2024
Return on equity
6.9%
This company
18.4%
Market median
-63% vs market
2020
2024
Net profit margin
84.2%
This company
8.1%
Market median
+940% vs market
2020
2024
Asset turnover
0.08×
This company
1.12×
Market median
-93% vs market
2020
2024
Debt / equity
0.02×
This company
0.62×
Market median
+97% 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)
EA
Ernst Alsaker
Deputy Member
Deputy Member
2024
EM
Einar Magne Helset
Contact Person
Contact Person
2010
Board of directors
Non-executive oversight
Name
Role
Member since
Current (3)
HS
Håkon Sandbakken
Chairman
2024
SR
Sidsel Roalkvam
Board of Directors
2024
BB
Borghild Barth-Heyerdahl Roald
Deputy Chairman
2015
Former (1)
AJ
Arve Johnsen
Board of Directors
2015 – 2024
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.
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of LETTEN FOUNDATION STI also hold positions in
0
other companies.
Person
Role here
Other companies
Ernst Alsaker
Deputy Member
0 companies
Einar Magne Helset
Contact Person
0 companies
Håkon Sandbakken
Chairman
0 companies
Sidsel Roalkvam
Board of Directors
0 companies
Borghild Barth-Heyerdahl Roald
Deputy Chairman
0 companies
Arve Johnsen
Board of Directors
0 companies