Frularsen AS

ASActive

Org 832843032Hammaren 3, 6600 SunndalsøraDay spa, sauna and steam bath activities· NACE 9623Est. 2024 · 2 years old1-4 employees

Overview

Frularsen AS is a Norwegian AS based in Sunndalsøra, operating in the Day spa, sauna and steam bath activities sector. Incorporated in 2024, the company reported revenue of NOK 930.4k in its latest annual filing.

Revenue 2025

930.4K NOK

+17% vs 2024

EBITDA margin

18.3 %

−12% vs 2024

Net profit 2025

102K NOK

-20% vs 2024

Key ratios

See full ratios →

78.6 %

Strong

Among the 40% highest rated companies in the industry

20242025

2.8×

Strong

Among the 40% highest rated companies in the industry

20242025

31.7 %

Very strong

Among the 10% highest rated companies in the industry

20242025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	930.4K NOK	+17%
EBITDA	170.7K NOK	-12%
Net profit	102K NOK	-20%
Total assets	322.2K NOK	-32%
Equity	253.4K NOK	+67%
Employees	—	—

Financial development

In its most recent annual report (2025), Frularsen AS reported revenue of NOK 930.4k, an increase of 17% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net profit of NOK 102.0k, and the EBITDA margin stood at 18.3%.

At the end of 2025, equity financed 78.6% of the balance sheet, and current assets covered short-term debt 2.8 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024
Revenue	930	798
Staff expenses	-115	-88
EBITDA	171	194
Depreciation & amort.	-40	-33
EBIT	131	160
Net financials	1	1
Profit before tax	131	161
Tax	29	34
Net profit	102	127

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Balance sheet

NOK thousands

Item	2025	2024
Total assets	322	473
Equity	253	151
Long-term debt	0	251
Short-term debt	69	70
Total debt	69	322

Financial ratios

5-year trend

EBITDA margin

18.3 %

20242025

Equity ratio

78.6 %

Strong

Among the 40% highest rated companies in the industry

20242025

Return on equity

40.3 %

Strong

Among the 30% highest rated companies in the industry

20242025

Net profit margin

11.0 %

Strong

Among the 30% highest rated companies in the industry

20242025

Asset turnover

2.89×

Strong

Among the 30% highest rated companies in the industry

20242025

Debt / equity

0.27×

Strong

Among the 40% highest rated companies in the industry

20242025

Sector performance

27 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginAverage

Around the average of companies in the same 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 30% 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)Strong

Among the 30% 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 10% 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)Strong

Among the 30% 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 ratioStrong

Among the 40% highest rated companies in the 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 ratioStrong

Among the 40% highest rated companies in the 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 ratioStrong

Among the 30% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery strong

Among the 20% highest rated companies in the 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 capitalAverage

Around the average of companies in the same 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 ratioStrong

Among the 40% highest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioStrong

Among the 30% highest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityStrong

Among the 40% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityAverage

Around the average of companies in the same industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery strong

Among the 20% 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 10% 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 20% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtAverage

Around the average of companies in the same 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 capitalStrong

Among the 40% 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 20% 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 10% 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 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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
VB Veronica Bjerkseter Larsen Chief Executive Officer	Chief Executive Officer	2024

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
VB Veronica Bjerkseter Larsen Chairman	Chairman	2024
SO Svein Oscar Larsen Board of Directors	Board of Directors	2024

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Frularsen AS also hold positions in 8 other companies.

Person	Role here	Other companies
Svein Oscar Larsen	Board of Directors	6 companiesMany roles
Veronica Bjerkseter Larsen	Chief Executive Officer	2 companies

Frequently asked questions

What is the Org number of Frularsen AS?

Frularsen AS is registered with Brønnøysundsregistrene under Org 832843032.

What is the revenue of Frularsen AS?

Frularsen AS reported revenue of NOK 930.4k in 2025.

Who is the CEO of Frularsen AS?

Veronica Bjerkseter Larsen is the CEO of Frularsen AS.

Who is the chairman of Frularsen AS?

Veronica Bjerkseter Larsen chairs the board of Frularsen AS.

Where is Frularsen AS headquartered?

Frularsen AS's registered address is Hammaren 3.