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EXCUDO AS
AS
Active
Org 997392027
Bekkeveien 3A, 1396 Billingstad
Activities of agents involved in the wholesale of furniture, household goods, hardware and ironmongery · NACE 4615
Est. 2011
2 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 2,4M
-9% vs 2024
EBITDA margin
43.1%
-20% vs 2024
Equity ratio
11.0%
Financial strength
Net profit 2025
NOK 742K
-22% vs 2024
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
1M
2021
1M
0%
2022
0M
-100%
2023
1M
+100%
2024
1M
0%
2025
Key figures
Annual report 2025
Revenue
NOK 2,4M
-9%
EBITDA
NOK 1M
-20%
Net profit
NOK 742K
-22%
Total assets
NOK 1,7M
-10%
Equity
NOK 191K
+1%
Employees
2
—
Company information
Legal name
EXCUDO AS
Org number
997392027
Legal form
Aksjeselskap
NACE code
4615 · Activities of agents involved in the wholesale of furniture, household goods, hardware and ironmongery
Founded
27. september 2011
Share capital
NOK 100 000
Employees
2 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Espen hamre
Company purpose
Å drive en egen lokal salgsavdeling gjennom en franchiserettighet til renholdssoner® konseptet.
Contact
Address
Bekkeveien 3A, 1396 Billingstad
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
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Companies in Activities of agents involved in the wholesale of furniture, household goods, hardware and ironmongery
Companies in Asker
All Norway companies
Revenue
NOK millions
0M
1M
2M
3M
3M
2M
2021
2M
2022
2M
2023
3M
2024
2M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
1M
2021
1M
2022
0M
2023
1M
2024
1M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
2 297
1 670
2 334
2 615
2 378
Staff expenses
−890
−691
−1 558
−1 151
−1 069
EBITDA
1 229
789
463
1 289
1 025
Depreciation & amort.
−0
−0
−64
−70
−70
EBIT
1 229
789
399
1 219
955
Net financials
−2
−1
0
−0
4
Profit before tax
1 228
788
399
1 218
960
Tax
270
173
86
271
217
Net profit
957
614
313
948
742
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
1 849
1 340
1 843
1 940
1 740
Equity
265
269
182
189
191
Long-term debt
0
0
0
0
0
Short-term debt
1 584
1 071
1 661
1 750
1 549
Total debt
1 584
1 071
1 661
1 750
1 549
Financial ratios
5-year trend
EBITDA margin
43.1%
This company
15.8%
Market median
+173% vs market
2021
2025
Equity ratio
11.0%
This company
38.2%
Market median
-71% vs market
2021
2025
Return on equity
387.9%
This company
18.4%
Market median
+2008% vs market
2021
2025
Net profit margin
31.2%
This company
8.1%
Market median
+285% vs market
2021
2025
Asset turnover
1.37×
This company
1.12×
Market median
+22% vs market
2021
2025
Debt / equity
8.10×
This company
0.62×
Market median
-1206% 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)
RS
Rikke Skaug Vaaler
Deputy Member
Deputy Member
2013
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
LM
Leon Magnus Kenich
Board of Directors
2013
EH
Espen Hamre
Chairman
2013
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Excudo Invest As
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
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Company hierarchy
Excudo Invest As
EXCUDO AS
(this company)
Board network connections
Board members of EXCUDO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Rikke Skaug Vaaler
Deputy Member
0 companies
Leon Magnus Kenich
Board of Directors
0 companies
Espen Hamre
Chairman
0 companies