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ULSTENSVEI 2 AS
AS
Active
Org 991628630
Ulstens Vei 2, 1710 Sarpsborg
Rental and operating of own or leased real estate · NACE 6820
Est. 2007
0 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 250K
+8% vs 2023
EBITDA margin
-238.4%
-677% vs 2023
Equity ratio
41.0%
Financial strength
Net profit 2024
NOK -661K
-2330% vs 2023
EBITDA — year on year
NOK millions
1M
1M
0M
-1M
-1M
0M
2020
1M
+100%
2021
1M
0%
2022
0M
-100%
2023
-1M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 250K
+8%
EBITDA
NOK -596K
-677%
Net profit
NOK -661K
-2330%
Total assets
NOK 1,9M
-33%
Equity
NOK 786K
-46%
Employees
0
—
Company information
Legal name
ULSTENSVEI 2 AS
Org number
991628630
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
15. september 2007
Share capital
NOK 30 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Utvikling og drift av fast eiendom.
Contact
Address
Ulstens Vei 2, 1710 Sarpsborg
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Companies in Rental and operating of own or leased real estate
Companies in Sarpsborg
All Norway companies
Revenue
NOK millions
0M
5M
9M
14M
18M
0M
2020
10M
2021
16M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
1M
2021
1M
2022
0M
2023
-1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
326
9 721
15 990
231
250
Staff expenses
−0
−0
−0
−0
−0
EBITDA
184
553
1 413
103
−596
Depreciation & amort.
−38
−38
−38
−38
−38
EBIT
146
514
1 375
65
−634
Net financials
−122
−265
−221
−100
−92
Profit before tax
24
249
1 154
−35
−726
Tax
5
62
254
−8
−66
Net profit
19
187
900
−27
−661
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
9 642
13 277
3 395
2 845
1 918
Equity
387
574
1 474
1 447
786
Long-term debt
6 278
11 497
1 497
1 338
1 088
Short-term debt
2 977
1 206
424
60
43
Total debt
9 255
12 703
1 921
1 398
1 131
Financial ratios
5-year trend
EBITDA margin
-238.4%
This company
15.8%
Market median
-1609% vs market
2020
2024
Equity ratio
41.0%
This company
38.2%
Market median
+7% vs market
2020
2024
Return on equity
-84.0%
This company
18.4%
Market median
-557% vs market
2020
2024
Net profit margin
-264.2%
This company
8.1%
Market median
-3362% vs market
2020
2024
Asset turnover
0.13×
This company
1.12×
Market median
-88% vs market
2020
2024
Debt / equity
1.44×
This company
0.62×
Market median
-132% 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)
AH
Abid Hussain
Chief Executive Officer
Chief Executive Officer
2025
Former (1)
MR
Meho Redzic
Chief Executive Officer
Chief Executive Officer
2020 – 2025
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
IK
Imran Khan
Chairman
2025
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Norpro Utvikling As
Company
100%
100%
2024
Unknown
Individual
100%
100%
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
Salbec Holding As
Norpro Utvikling As
ULSTENSVEI 2 AS
(this company)
Board network connections
Board members of ULSTENSVEI 2 AS also hold positions in
0
other companies.
Person
Role here
Other companies
Abid Hussain
Chief Executive Officer
0 companies
Meho Redzic
Chief Executive Officer
0 companies
Imran Khan
Chairman
0 companies