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FROST NORDIC AS
AS
Active
Org 984574983
Krillåsveien 71, 1392 Vettre
Business and other management consultancy activities · NACE 7020
Est. 2002
0 employees
www.frostnordic.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 259K
-68% vs 2023
EBITDA margin
14.0%
-87% vs 2023
Equity ratio
48.1%
Financial strength
Net profit 2024
NOK -55K
-140% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2020
0M
0%
2021
1M
+100%
2022
0M
-100%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 259K
-68%
EBITDA
NOK 36K
-87%
Net profit
NOK -55K
-140%
Total assets
NOK 570K
-42%
Equity
NOK 274K
-17%
Employees
0
—
Company information
Legal name
FROST NORDIC AS
Org number
984574983
Legal form
Aksjeselskap
NACE code
7020 · Business and other management consultancy activities
Founded
27. juni 2002
Share capital
NOK 102 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Bedriftsrådgivning, samt investering i og forvaltning av aksjer og andeler.
Contact
Address
Krillåsveien 71, 1392 Vettre
Website
www.frostnordic.no
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Companies in Business and other management consultancy activities
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All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
1M
2020
2M
2021
2M
2022
1M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
1M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
1 006
1 794
1 690
819
259
Staff expenses
−39
−40
−41
−409
−79
EBITDA
60
457
595
286
36
Depreciation & amort.
−44
−17
−127
−107
−107
EBIT
17
440
469
179
−71
Net financials
0
−10
−2
0
0
Profit before tax
17
430
466
179
−71
Tax
2
64
94
40
−16
Net profit
15
365
372
140
−55
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
400
1 176
781
987
570
Equity
52
117
189
329
274
Long-term debt
208
378
118
106
90
Short-term debt
140
681
474
552
206
Total debt
348
1 059
591
658
296
Financial ratios
5-year trend
EBITDA margin
14.0%
This company
15.8%
Market median
-11% vs market
2020
2024
Equity ratio
48.1%
This company
38.2%
Market median
+26% vs market
2020
2024
Return on equity
-20.1%
This company
18.4%
Market median
-209% vs market
2020
2024
Net profit margin
-21.3%
This company
8.1%
Market median
-363% vs market
2020
2024
Asset turnover
0.45×
This company
1.12×
Market median
-60% vs market
2020
2024
Debt / equity
1.08×
This company
0.62×
Market median
-74% 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)
AG
Anne Gleditsch Brustad
Deputy Member
Deputy Member
2013
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
TB
Thomas Brustad
Chairman
2013
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Brelmajo As
Company
100%
100%
2023
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
Brelmajo As
FROST NORDIC AS
(this company)
Board network connections
Board members of FROST NORDIC AS also hold positions in
0
other companies.
Person
Role here
Other companies
Anne Gleditsch Brustad
Deputy Member
0 companies
Thomas Brustad
Chairman
0 companies