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GREEN DEVELOPMENT AS
AS
Active
Org 995251264
Rambergveien 43A, 3115 Tønsberg
Engineering activities and related technical consultancy · NACE 7112
Est. 2010
1 employees
www.greendevelopment.no
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 37,8M
+6745% vs 2024
EBITDA margin
88.1%
+531% vs 2024
Equity ratio
80.5%
Financial strength
Net profit 2025
NOK 28,2M
+492% vs 2024
EBITDA — year on year
NOK millions
41M
28M
16M
3M
-10M
4M
2021
-2M
-150%
2022
18M
+1000%
2023
-8M
-144%
2024
33M
+513%
2025
Key figures
Annual report 2025
Revenue
NOK 37,8M
+6745%
EBITDA
NOK 33,3M
+531%
Net profit
NOK 28,2M
+492%
Total assets
NOK 37,4M
+996%
Equity
NOK 30,1M
+1511%
Employees
1
—
Company information
Legal name
GREEN DEVELOPMENT AS
Org number
995251264
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
4. mars 2010
Share capital
NOK 3 975 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Tilrettelegging og utvikling av grønne prosjekter i utviklingsland.
Contact
Address
Rambergveien 43A, 3115 Tønsberg
Website
www.greendevelopment.no
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Companies in Engineering activities and related technical consultancy
Companies in Tønsberg
All Norway companies
Revenue
NOK millions
0M
11M
22M
33M
44M
16M
2021
6M
2022
33M
2023
1M
2024
38M
2025
EBITDA
NOK millions
0M
9M
19M
28M
38M
4M
2021
-2M
2022
18M
2023
-8M
2024
33M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
16 407
5 801
32 665
553
37 836
Staff expenses
−2 240
−1 594
−4 103
−2 453
−2 461
EBITDA
4 471
−2 273
18 153
−7 726
33 326
Depreciation & amort.
−15
−0
−6
−13
−13
EBIT
4 456
−2 273
18 147
−7 739
33 313
Net financials
−239
96
237
539
−124
Profit before tax
4 216
−2 177
18 383
−7 200
33 189
Tax
1 349
−0
3 767
−0
4 958
Net profit
2 867
−2 177
14 616
−7 200
28 231
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
15 258
5 343
25 291
3 409
37 374
Equity
7 128
4 952
19 568
1 868
30 099
Long-term debt
6 286
0
0
0
1
Short-term debt
1 844
392
5 723
1 541
7 274
Total debt
8 130
392
5 723
1 541
7 275
Financial ratios
5-year trend
EBITDA margin
88.1%
This company
15.8%
Market median
+458% vs market
2021
2025
Equity ratio
80.5%
This company
38.2%
Market median
+111% vs market
2021
2025
Return on equity
93.8%
This company
18.4%
Market median
+410% vs market
2021
2025
Net profit margin
74.6%
This company
8.1%
Market median
+821% vs market
2021
2025
Asset turnover
1.01×
This company
1.12×
Market median
+10% vs market
2021
2025
Debt / equity
0.24×
This company
0.62×
Market median
+61% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
Management
Actively employed in the business
Name
Role
Member since
Current (1)
HN
Håvard Nørstebø
Chief Executive Officer
Chief Executive Officer
2010
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
OH
Odd Harald Hauge
Chairman
2017
UJ
Une Joachim Amundsen
Board of Directors
2017
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Uneco As
Company
65.98%
65.98%
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
Unechim As
Uneco As
GREEN DEVELOPMENT AS
(this company)
Board network connections
Board members of GREEN DEVELOPMENT AS also hold positions in
0
other companies.
Person
Role here
Other companies
Håvard Nørstebø
Chief Executive Officer
0 companies
Odd Harald Hauge
Chairman
0 companies
Une Joachim Amundsen
Board of Directors
0 companies