Riskpilot← Back to searchSign inGet full accessFORMULA AUTOMOBILE NORGE AS
ASActiveOrg 992154101Billingstadsletta 83, 1396 BillingstadRepair and maintenance of motor vehicles · NACE 9531Est. 200825 employees
Revenue 2024
NOK 384,6M
-24% vs 2023
EBITDA margin
-1.2%
-746% vs 2023
Equity ratio
9.9%
Financial strength
Net profit 2024
NOK -13,8M
-1919% vs 2023
| Revenue | NOK 384,6M | -24% |
| EBITDA | NOK -4,5M | -746% |
| Net profit | NOK -13,8M | -1919% |
| Total assets | NOK 132M | +4% |
| Equity | NOK 13M | +41% |
| Employees | 25 | — |
Legal name
FORMULA AUTOMOBILE NORGE AS
Org number
992154101
Legal form
Aksjeselskap
NACE code
9531 · Repair and maintenance of motor vehicles
Founded
17. januar 2008
Share capital
NOK 1 611 200
Employees
25 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og ett styremedlem i fellesskap.
Company purpose
Kjøp og salg av biler, verksteddrift med reparasjon og vedlikehold av biler, eie aksjer i andre selskap, invester i aksjer i andre foretak, samt annen virksomhet som står i naturlig tilknytning til dette.
Address
Billingstadsletta 83, 1396 Billingstad
Phone
+4766775160
Email
post@autoxosport.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 395 641 | 484 276 | 455 806 | 509 360 | 384 570 |
| Staff expenses | −21 130 | −22 096 | −20 905 | −24 374 | −23 139 |
| EBITDA | −12 433 | 394 | −5 877 | 701 | −4 529 |
| Depreciation & amort. | −1 436 | −1 665 | −3 419 | −3 656 | −3 827 |
| EBIT | −13 869 | −1 271 | −9 296 | −2 955 | −8 356 |
| Net financials | −4 108 | −2 384 | −2 795 | −4 659 | −5 437 |
| Profit before tax | −17 977 | −3 655 | −12 091 | −7 614 | −13 793 |
| Tax | −0 | −0 | −0 | −6 930 | −0 |
| Net profit | −17 977 | −3 655 | −12 091 | −683 | −13 793 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 125 850 | 110 524 | 127 511 | 127 341 | 132 049 |
| Equity | 13 512 | 9 857 | 9 946 | 9 263 | 13 020 |
| Long-term debt | 0 | 0 | 0 | 19 827 | 10 454 |
| Short-term debt | 110 775 | 98 882 | 117 565 | 98 251 | 108 575 |
| Total debt | 110 775 | 98 882 | 117 565 | 118 078 | 119 029 |
EBITDA margin
-1.2%
This company
15.8%
Market median
-108% vs market
20202024
Equity ratio
9.9%
This company
38.2%
Market median
-74% vs market
20202024
Return on equity
-105.9%
This company
18.4%
Market median
-676% vs market
20202024
Net profit margin
-3.6%
This company
8.1%
Market median
-144% vs market
20202024
Asset turnover
2.91×
This company
1.12×
Market median
+160% vs market
20202024
Debt / equity
9.14×
This company
0.62×
Market median
-1374% vs market
20202024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
RF Chief Executive Officer | Chief Executive Officer | 2021 |
| Former (3) | ||
SN Deputy Member | Deputy Member | 2021 – 2022 |
TB Deputy Member | Deputy Member | 2021 – 2021 |
TH Deputy Member | Deputy Member | 2021 – 2022 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
| Board of Directors | 2022 | |
| Chairman | 2022 | |
| Former (3) | ||
| Board of Directors | 2021 – 2022 | |
| Board of Directors | 2021 – 2022 | |
| Board of Directors | 2022 – 2025 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| 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.
Formula Leasing As
FORMULA AUTOMOBILE NORGE AS Board members of FORMULA AUTOMOBILE NORGE AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Stian Nalum Tvetene | Deputy Member | 0 companies |
| Thomas Broskov Thaysen | Deputy Member | 0 companies |
| Rune Fredrik Brath | Chief Executive Officer | 0 companies |
| Thor Halvard Eika | Deputy Member | 0 companies |
| Michael Stang Treschow | Board of Directors | 0 companies |
| Jesper Schak Viskum Andersen | Board of Directors | 0 companies |
| Johnny Laursen | Chairman | 0 companies |
| Dag Jakob Opedal | Board of Directors | 0 companies |
| Carsten Kultoft Lorentsen | Board of Directors | 0 companies |