Loading company…
Riskpilot
← Back to search
Sign in
Get full access
BORGEN AS
AS
Active
Org 983871763
Borggata 11, 5417 Stord
Rental and operating of own or leased real estate · NACE 6820
Est. 2001
0 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 509K
+19% vs 2023
EBITDA margin
83.1%
+29% vs 2023
Equity ratio
41.7%
Financial strength
Net profit 2024
NOK 52K
+558% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 509K
+19%
EBITDA
NOK 423K
+29%
Net profit
NOK 52K
+558%
Total assets
NOK 6,7M
-1%
Equity
NOK 2,8M
+2%
Employees
0
—
Company information
Legal name
BORGEN AS
Org number
983871763
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
21. november 2001
Share capital
NOK 300 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styret i fellesskap.
Company purpose
Kjøp, sal og forvaltning av fast eigedom og alt som står i samband med dette, samt å ta del i andre selskap med liknande verksemd.
Contact
Address
Borggata 11, 5417 Stord
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
Explore
Companies in Rental and operating of own or leased real estate
Companies in Stord
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
1M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
342
313
427
427
509
Staff expenses
−0
−0
−0
−0
−0
EBITDA
255
263
228
328
423
Depreciation & amort.
−94
−94
−94
−94
−94
EBIT
161
169
134
234
329
Net financials
−0
−93
−159
−224
−263
Profit before tax
161
76
−25
10
66
Tax
36
47
−36
2
15
Net profit
126
29
11
8
52
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
3 324
7 065
6 863
6 745
6 659
Equity
2 650
2 704
2 715
2 723
2 775
Long-term debt
142
4 360
3 770
3 572
3 435
Short-term debt
532
0
378
449
449
Total debt
674
4 360
4 148
4 022
3 884
Financial ratios
5-year trend
EBITDA margin
83.1%
This company
15.8%
Market median
+426% vs market
2020
2024
Equity ratio
41.7%
This company
38.2%
Market median
+9% vs market
2020
2024
Return on equity
1.9%
This company
18.4%
Market median
-90% vs market
2020
2024
Net profit margin
10.2%
This company
8.1%
Market median
+26% vs market
2020
2024
Asset turnover
0.08×
This company
1.12×
Market median
-93% vs market
2020
2024
Debt / equity
1.40×
This company
0.62×
Market median
-126% 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)
SK
Stine Kjøs Horneland
Deputy Member
Deputy Member
2017
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
KA
Karl Anders Horneland
Chairman
2017
RH
Reinert Horneland
Board of Directors
2017
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Horneland Holding As
Company
100%
100%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
Horneland Holding As
BORGEN AS
(this company)
Board network connections
Board members of BORGEN AS also hold positions in
0
other companies.
Person
Role here
Other companies
Stine Kjøs Horneland
Deputy Member
0 companies
Karl Anders Horneland
Chairman
0 companies
Reinert Horneland
Board of Directors
0 companies