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MGN AS
AS
Active
Org 995376423
Kuholmsveien 127, 4632 Kristiansand S
Development of building projects · NACE 6812
Est. 2010
2 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 1,3M
-52% vs 2023
EBITDA margin
8.7%
-82% vs 2023
Equity ratio
40.6%
Financial strength
Net profit 2024
NOK 37K
+116% vs 2023
EBITDA — year on year
NOK millions
9M
7M
4M
2M
0M
2M
2020
4M
+100%
2021
7M
+75%
2022
1M
-86%
2023
0M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 1,3M
-52%
EBITDA
NOK 111K
-82%
Net profit
NOK 37K
+116%
Total assets
NOK 31M
-1%
Equity
NOK 12,6M
-3%
Employees
2
—
Company information
Legal name
MGN AS
Org number
995376423
Legal form
Aksjeselskap
NACE code
6812 · Development of building projects
Founded
13. april 2010
Share capital
NOK 5 000 000
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Kjøp, utvikling og salg av eiendommer samt det som står i forbindelse med dette.
Contact
Address
Kuholmsveien 127, 4632 Kristiansand S
Risika for professionals
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Explore
Companies in Development of building projects
Companies in Kristiansand
All Norway companies
Revenue
NOK millions
0M
2M
5M
7M
9M
3M
2020
5M
2021
8M
2022
3M
2023
1M
2024
EBITDA
NOK millions
0M
2M
4M
6M
8M
2M
2020
4M
2021
7M
2022
1M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
3 311
5 085
7 648
2 654
1 278
Staff expenses
−30
−0
−575
−523
−0
EBITDA
1 744
3 808
7 288
614
111
Depreciation & amort.
−4
−10
−8
−40
−32
EBIT
1 740
3 798
7 280
573
79
Net financials
−810
−493
−566
−854
−263
Profit before tax
930
3 305
6 714
−280
−184
Tax
−0
936
1 121
−52
−221
Net profit
930
2 368
5 593
−229
37
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
51 304
44 141
34 442
31 394
30 980
Equity
13 450
13 450
13 450
12 968
12 586
Long-term debt
26 627
21 497
15 506
17 755
17 416
Short-term debt
11 227
9 194
5 486
671
977
Total debt
37 854
30 691
20 992
18 427
18 394
Financial ratios
5-year trend
EBITDA margin
8.7%
This company
15.8%
Market median
-45% vs market
2020
2024
Equity ratio
40.6%
This company
38.2%
Market median
+6% vs market
2020
2024
Return on equity
0.3%
This company
18.4%
Market median
-98% vs market
2020
2024
Net profit margin
2.9%
This company
8.1%
Market median
-64% vs market
2020
2024
Asset turnover
0.04×
This company
1.12×
Market median
-96% vs market
2020
2024
Debt / equity
1.46×
This company
0.62×
Market median
-135% 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 (2)
WL
Walter Ludvik Grov
Chairman
2016
VG
Venke Grov
Board of Directors
2016
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Ags Holding As
Company
100%
100%
2022
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Company hierarchy
Ags Holding As
MGN AS
(this company)
Board network connections
Board members of MGN AS also hold positions in
0
other companies.
Person
Role here
Other companies
Walter Ludvik Grov
Chairman
0 companies
Venke Grov
Board of Directors
0 companies