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FROST URSTAD AS
AS
Active
Org 977265789
Schweigaards Gate 34C, 0191 Oslo
Engineering activities and related technical consultancy · NACE 7112
Est. 1997
0 employees
www.frost-urstad.no
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Overview
Financials
People & ownership
Related companies
Revenue 2022
NOK 151K
-65% vs 2021
EBITDA margin
12.4%
+106% vs 2021
Equity ratio
-607.2%
Financial strength
Net profit 2022
NOK -302K
+56% vs 2021
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2018
0M
0%
2019
1M
+100%
2020
0M
-100%
2021
0M
0%
2022
Key figures
Annual report 2022
Revenue
NOK 151K
-65%
EBITDA
NOK 19K
+106%
Net profit
NOK -302K
+56%
Total assets
NOK 117K
-73%
Equity
NOK -710K
-74%
Employees
0
—
Company information
Legal name
FROST URSTAD AS
Org number
977265789
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
1. januar 1997
Share capital
NOK 10 000 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2022-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller daglig leder alene.
Contact
Address
Schweigaards Gate 34C, 0191 Oslo
Website
www.frost-urstad.no
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Companies in Engineering activities and related technical consultancy
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
1M
2M
3M
3M
0M
2018
1M
2019
3M
2020
0M
2021
0M
2022
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2018
0M
2019
1M
2020
0M
2021
0M
2022
Income statement
NOK thousands
Item
2018
2019
2020
2021
2022
Revenue
83
628
3 143
430
151
Staff expenses
−47
−63
−0
−0
−0
EBITDA
−87
4
564
−298
19
Depreciation & amort.
−2
−65
−386
−386
−321
EBIT
−89
−62
178
−684
−303
Net financials
−171
321
−24
−0
0
Profit before tax
−261
260
154
−684
−302
Tax
72
−0
−0
−0
−0
Net profit
−333
260
154
−684
−302
Balance sheet
NOK thousands
Item
2018
2019
2020
2021
2022
Total assets
2 125
4 375
985
427
117
Equity
2 164
123
277
−407
−710
Long-term debt
0
0
0
0
0
Short-term debt
−39
4 252
708
834
826
Total debt
−39
4 252
708
834
826
Financial ratios
5-year trend
EBITDA margin
12.4%
This company
15.8%
Market median
-22% vs market
2018
2022
Equity ratio
-607.2%
This company
38.2%
Market median
-1690% vs market
2018
2022
Return on equity
-30249100.0%
This company
18.4%
Market median
-164397383% vs market
2018
2022
Net profit margin
-200.0%
This company
8.1%
Market median
-2569% vs market
2018
2022
Asset turnover
1.29×
This company
1.12×
Market median
+15% vs market
2018
2022
Debt / equity
1.16×
This company
0.62×
Market median
-87% vs market
2018
2022
Annual reports & filings
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
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
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (3)
GL
Gunnar Langemyr Larsen
Board of Directors
2023
YK
Yngve Kristiansen
Board of Directors
2023
SF
Sondre Frost Urstad
Chairman
2023
Former (1)
JF
Jann Frost Urstad
Chairman
2019 – 2023
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Frost Kvadrat As
Company
40%
40%
2022
Gll Holding As
Company
20%
20%
2022
Edge Innovation Group Norway As
Company
20%
20%
2022
Unknown
Individual
20%
20%
2022
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
Edge Innovation Group As
Edge Innovation Group Norway As
FROST URSTAD AS
(this company)
Board network connections
Board members of FROST URSTAD AS also hold positions in
0
other companies.
Person
Role here
Other companies
Gunnar Langemyr Larsen
Board of Directors
0 companies
Yngve Kristiansen
Board of Directors
0 companies
Sondre Frost Urstad
Chairman
0 companies
Jann Frost Urstad
Chairman
0 companies