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KVITESEID UTVIKLING AS
AS
Active
Org 985974934
Garverivegen 10, 3850 Kviteseid
Rental and operating of own or leased real estate · NACE 6820
Est. 2003
0 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 618K
+4% vs 2023
EBITDA margin
85.1%
-5% vs 2023
Equity ratio
33.0%
Financial strength
Net profit 2024
NOK 409K
+12% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2020
0M
0%
2021
0M
0%
2022
1M
+100%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 618K
+4%
EBITDA
NOK 526K
-5%
Net profit
NOK 409K
+12%
Total assets
NOK 848K
-7%
Equity
NOK 280K
-13%
Employees
0
—
Company information
Legal name
KVITESEID UTVIKLING AS
Org number
985974934
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
30. august 2003
Share capital
NOK 57 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Dagleg leiar åleine.
Company purpose
Utvikling av eigedom og næring.
Contact
Address
Garverivegen 10, 3850 Kviteseid
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Companies in Rental and operating of own or leased real estate
Companies in Kviteseid
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
1M
2023
1M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
421
412
431
593
618
Staff expenses
−0
−0
−0
−0
−0
EBITDA
387
361
403
556
526
Depreciation & amort.
−158
−158
−158
−87
−0
EBIT
229
203
245
469
526
Net financials
0
−1
−0
0
−1
Profit before tax
229
203
245
469
525
Tax
50
45
54
103
116
Net profit
178
158
191
366
409
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
1 033
900
784
908
848
Equity
656
514
405
321
280
Long-term debt
0
0
0
0
0
Short-term debt
378
387
379
588
568
Total debt
378
387
379
588
568
Financial ratios
5-year trend
EBITDA margin
85.1%
This company
15.8%
Market median
+439% vs market
2020
2024
Equity ratio
33.0%
This company
38.2%
Market median
+14% vs market
2020
2024
Return on equity
146.2%
This company
18.4%
Market median
+695% vs market
2020
2024
Net profit margin
66.2%
This company
8.1%
Market median
+717% vs market
2020
2024
Asset turnover
0.73×
This company
1.12×
Market median
-35% vs market
2020
2024
Debt / equity
2.03×
This company
0.62×
Market median
-227% 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)
VR
Vibeke Ruud
Deputy Member
Deputy Member
2023
Former (1)
HØ
Helge Øystein Skogheim
Deputy Member
Deputy Member
2003 – 2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
GR
Gunnar Ruud
Chairman
2023
Former (2)
AR
Aasulf Råmunddal
Chairman
2003 – 2023
GS
Gudrun Skogheim
Deputy Chairman
2003 – 2023
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 KVITESEID UTVIKLING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Helge Øystein Skogheim
Deputy Member
0 companies
Vibeke Ruud
Deputy Member
0 companies
Gunnar Ruud
Chairman
0 companies
Aasulf Råmunddal
Chairman
0 companies
Gudrun Skogheim
Deputy Chairman
0 companies