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SUSTAINABLE MATERIALS AS
AS
Active
Org 994817981
Peder Claussøns Gate 2, 4630 Kristiansand S
Research and experimental development on natural sciences and engineering · NACE 7210
Est. 2009
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 4,9M
-69% vs 2023
EBITDA margin
22.1%
+172% vs 2023
Equity ratio
99.1%
Financial strength
Net profit 2024
NOK 347K
+128% vs 2023
EBITDA — year on year
NOK millions
1M
0M
-1M
-2M
-3M
0M
2020
0M
0%
2021
1M
+100%
2022
-2M
-300%
2023
1M
+150%
2024
Key figures
Annual report 2024
Revenue
NOK 4,9M
-69%
EBITDA
NOK 1,1M
+172%
Net profit
NOK 347K
+128%
Total assets
NOK 709K
-69%
Equity
NOK 703K
+97%
Employees
0
—
Company information
Legal name
SUSTAINABLE MATERIALS AS
Org number
994817981
Legal form
Aksjeselskap
NACE code
7210 · Research and experimental development on natural sciences and engineering
Founded
1. desember 2009
Share capital
NOK 102 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder alene. Styrets leder alene.
Company purpose
Produksjon, utvikling, service og produktsalg til det fornybare-energi markedet samt investering i andre selskaper, fast eiendom og verdipapirer.
Contact
Address
Peder Claussøns Gate 2, 4630 Kristiansand S
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Explore
Companies in Research and experimental development on natural sciences and engineering
Companies in Kristiansand
All Norway companies
Revenue
NOK millions
0M
5M
10M
16M
21M
0M
2020
0M
2021
18M
2022
16M
2023
5M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
1M
2022
-2M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
63
30
18 175
15 827
4 924
Staff expenses
−0
−0
−0
−0
−0
EBITDA
44
14
1 206
−1 502
1 087
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
44
14
1 206
−1 502
1 087
Net financials
−0
−0
−162
262
−740
Profit before tax
44
14
1 045
−1 240
347
Tax
6
3
232
−0
−0
Net profit
38
11
813
−1 240
347
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
1 040
1 042
12 074
2 302
709
Equity
773
784
1 596
356
703
Long-term debt
125
125
125
0
0
Short-term debt
142
133
10 353
1 946
7
Total debt
267
258
10 478
1 946
7
Financial ratios
5-year trend
EBITDA margin
22.1%
This company
15.8%
Market median
+40% vs market
2020
2024
Equity ratio
99.1%
This company
38.2%
Market median
+159% vs market
2020
2024
Return on equity
49.4%
This company
18.4%
Market median
+168% vs market
2020
2024
Net profit margin
7.0%
This company
8.1%
Market median
-14% vs market
2020
2024
Asset turnover
6.94×
This company
1.12×
Market median
+520% vs market
2020
2024
Debt / equity
0.01×
This company
0.62×
Market median
+98% 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
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
IV
Inge Vikesdal
Chairman
2022
Former (1)
TU
Torgeir Ulset
Chairman
2016 – 2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Aeka Management As
Company
50%
50%
2024
Varg Management As
Company
50%
50%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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Company hierarchy
Varg Management As
SUSTAINABLE MATERIALS AS
(this company)
CURRENT SOLAR AS
Board network connections
Board members of SUSTAINABLE MATERIALS AS also hold positions in
0
other companies.
Person
Role here
Other companies
Inge Vikesdal
Chairman
0 companies
Torgeir Ulset
Chairman
0 companies