Addero AS
ASDissolvedOrg 821700922Øraveien 2, 1630 Gamle FredrikstadAccounting, bookkeeping and auditing activities; tax consultancy· NACE 6920Est. 2018 · 7 years old13 employeeshttps://www.addero.no
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Overview
Addero AS is a Norwegian AS based in Gamle Fredrikstad, operating in the Accounting, bookkeeping and auditing activities; tax consultancy sector. Incorporated in 2018, the company has 13 employees and reported revenue of NOK 18.2m in its latest annual filing.
Revenue 2024
18.2M NOK
+14% vs 2023
EBITDA margin
30.2 %
+15% vs 2023
Net profit 2024
4.1M NOK
+13% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
51.6 %
AverageAround the average of companies in the same industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
48.2 %
Very strongAmong the 20% highest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 18.2M NOK | +14% |
| EBITDA | 5.5M NOK | +15% |
| Net profit | 4.1M NOK | +13% |
| Total assets | 8.5M NOK | +19% |
| Equity | 4.4M NOK | +1394% |
| Employees | 13 | — |
Company information
Legal name
ADDERO AS
Org number
821700922
Legal form
Aksjeselskap
NACE code
Founded
29 October 2018 · 7 years
Share capital
NOK 100,000
Employees
13 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder alene.
Company purpose
Tilby regnskaps- og rådgivningstjenester og annet som naturlig faller under dette, samt å delta i andre selskaper med tilsvarende eller beslektet formål.
(no translation available)
Contact
Address
Øraveien 2, 1630 Gamle Fredrikstad
Phone
+47 92 09 57 93
Email
post@addero.no
Website
https://www.addero.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2024), Addero AS reported revenue of NOK 18.2m, an increase of 14% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 4.1m, and the EBITDA margin stood at 30.2%.
At the end of 2024, equity financed 51.6% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 18,170 | 15,931 | 8,828 | 5,600 | 4,046 |
| Staff expenses | -10,357 | -8,406 | -5,605 | -3,556 | -2,685 |
| EBITDA | 5,482 | 4,758 | 2,025 | 1,266 | 659 |
| Depreciation & amort. | -352 | -177 | -44 | -0 | -0 |
| EBIT | 5,130 | 4,580 | 1,981 | 1,266 | 659 |
| Net financials | 116 | 77 | 9 | 1 | 1 |
| Profit before tax | 5,246 | 4,657 | 1,991 | 1,268 | 660 |
| Tax | 1,155 | 1,025 | 438 | 279 | 145 |
| Net profit | 4,092 | 3,632 | 1,552 | 989 | 514 |
Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 8,494 | 7,123 | 3,725 | 2,225 | 1,416 |
| Equity | 4,385 | 293 | 161 | 109 | 120 |
| Long-term debt | 46 | 31 | 20 | 0 | 1 |
| Short-term debt | 4,063 | 6,798 | 3,543 | 2,116 | 1,296 |
| Total debt | 4,109 | 6,829 | 3,563 | 2,116 | 1,296 |
Financial ratios
5-year trendEBITDA margin
30.2 %
20202024
Equity ratio
51.6 %
AverageAround the average of companies in the same industry
20202024
Return on equity
93.3 %
Very strongAmong the 20% highest rated companies in the industry
20202024
Net profit margin
22.5 %
StrongAmong the 40% highest rated companies in the industry
20202024
Asset turnover
2.14×
StrongAmong the 30% highest rated companies in the industry
20202024
Debt / equity
0.94×
AverageAround the average of companies in the same industry
20202024
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginStrong
Among the 30% highest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginStrong
Among the 40% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 20% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 30% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 40% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 40% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 10% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TH Chief Executive Officer | Chief Executive Officer | 2018 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
EA Board of Directors | Board of Directors | 2025 |
JÅ Chairman | Chairman | 2025 |
Former (4)
RW Chairman | Chairman | 2025 – 2025 |
TH Board of Directors | Board of Directors | 2020 – 2025 |
SW Board of Directors | Board of Directors | 2025 – 2025 |
OH Chairman | Chairman | 2020 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2025 | |
| Company | 50% | 50% | 2020 | |
| Company | 50% | 50% | 2020 |
Related companies
Company hierarchy
View Group Holding As
Addero AS Board network connections
Board members of Addero AS also hold positions in 84 other companies.
| Person | Role here | Other companies |
|---|---|---|
| John Åke Hugosson | Chairman | 33 companiesMany roles |
| Espen Alexander Hovland | Board of Directors | 21 companiesMany roles |
| Oddvar Høyum | Chairman | 17 companiesMany roles |
| Roar Wiik Andreassen | Chairman | 6 companiesMany roles |
| Steffen Wefring | Board of Directors | 5 companies |
| Torfinn Hansen Lundblad | Chief Executive Officer | 2 companies |
Frequently asked questions
What is the Org number of Addero AS?
Addero AS is registered with Brønnøysundsregistrene under Org 821700922.
What is the revenue of Addero AS?
Addero AS reported revenue of NOK 18.2m in 2024.
How many employees does Addero AS have?
Addero AS employs 13 people as of the latest annual report.
Who is the CEO of Addero AS?
Torfinn Hansen Lundblad is the CEO of Addero AS.
Who is the chairman of Addero AS?
John Åke Hugosson chairs the board of Addero AS, in role since 2025.
Where is Addero AS headquartered?
Addero AS's registered address is Øraveien 2.