Bupa AS

ASActive

Org 912402223Strandvegen 31, 8700 NesnaResidential care activities for persons living with or having a diagnosis of a mental illness or substance abuse· NACE 8720Est. 2013 · 13 years old168 employeeshttps://www.bupa.no

Overview

Bupa AS is a Norwegian AS based in Nesna, operating in the Residential care activities for persons living with or having a diagnosis of a mental illness or substance abuse sector. Incorporated in 2013, the company has 168 employees and reported revenue of NOK 114.3m in its latest annual filing.

Revenue 2025

114.3M NOK

+17% vs 2024

EBITDA margin

0.1 %

−98% vs 2024

Net profit 2025

-0.3M NOK

-104% vs 2024

Key ratios

See full ratios →

34.0 %

Weak

Among the 40% lowest rated companies in the industry

20212025

1.1×

Weak

Among the 40% lowest rated companies in the industry

20212025

-0.6 %

Weak

Among the 30% lowest rated companies in the industry

20212025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	114.3M NOK	+17%
EBITDA	0.2M NOK	-98%
Net profit	-0.3M NOK	-104%
Total assets	44M NOK	+23%
Equity	15M NOK	-2%
Employees	168	—

Contact

Address

Strandvegen 31, 8700 Nesna

Website

https://www.bupa.no

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Financial development

In its most recent annual report (2025), Bupa AS reported revenue of NOK 114.3m, an increase of 17% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 273.3k, and the EBITDA margin stood at 0.1%.

At the end of 2025, equity financed 34% of the balance sheet, and current assets covered short-term debt 1.1 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022	2021
Revenue	114,255	97,958	86,176	55,218	29,311
Staff expenses	-77,310	-66,259	-56,252	-20,032	-5,669
EBITDA	170	8,370	6,709	8,017	1,555
Depreciation & amort.	-790	-628	-501	-379	-256
EBIT	-620	7,742	6,208	7,639	1,299
Net financials	318	159	19	-32	-71
Profit before tax	-301	7,901	6,227	7,606	1,228
Tax	-28	1,735	1,377	1,674	270
Net profit	-273	6,166	4,850	5,932	958

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022	2021
Total assets	43,951	35,737	25,824	19,893	8,604
Equity	14,955	15,229	9,062	9,212	3,280
Long-term debt	0	28	109	257	422
Short-term debt	28,995	20,480	16,653	10,424	4,902
Total debt	28,995	20,508	16,762	10,680	5,324

Financial ratios

5-year trend

EBITDA margin

0.1 %

20212025

Equity ratio

34.0 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Return on equity

-1.8 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Net profit margin

-0.2 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Asset turnover

2.60×

Strong

Among the 40% highest rated companies in the industry

20212025

Debt / equity

1.94×

Weak

Among the 40% lowest rated companies in the industry

20212025

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 marginWeak

Among the 30% lowest 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 marginWeak

Among the 30% lowest 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)Weak

Among the 30% lowest 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)Weak

Among the 30% lowest 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)Weak

Among the 30% lowest 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)Weak

Among the 30% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 40% lowest 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 ratioWeak

Among the 30% lowest rated companies in the industry

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

Current assets to equityWeak

Among the 30% lowest 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 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 weak

Among the 10% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 40% lowest 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 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 equityWeak

Among the 40% lowest rated companies in the industry

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

Liabilities to equityWeak

Among the 30% 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 debtWeak

Among the 30% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtWeak

Among the 40% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageWeak

Among the 30% lowest 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 marginWeak

Among the 40% lowest 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 40% 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 10% 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 equityWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtWeak

Among the 30% lowest 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
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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
KA Kjell Arne Grøntjernet Chief Executive Officer	Chief Executive Officer	2022

Former (1)


TB Terje Brunstad Chief Executive Officer	Chief Executive Officer	2013 – 2022

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
BW Bengt Walnum Board of Directors	Board of Directors	2022
HB Hans Brunstad Chairman	Chairman	2024

Former (3)


KA Kjell Arne Grøntjernet Board of Directors	Board of Directors	2022 – 2025
RB Runar Berg Pedersen Board of Directors	Board of Directors	2022 – 2025
TB Terje Brunstad Chairman	Chairman	2022 – 2024

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Lets Eiendom Ii As	Company	35%	35%	2024
Kjell Arne Grøntjernet	Individual	15%	15%	2020
Myggbukta Holding As	Company	35%	35%	2020

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Related companies

Company hierarchy

Lets Eiendom Ii As35%

Myggbukta Holding As35%

Bupa AS (this company)

Board network connections

Board members of Bupa AS also hold positions in 85 other companies.

Person	Role here	Other companies
Kjell Arne Grøntjernet	Chief Executive Officer	29 companiesMany roles
Hans Brunstad	Chairman	19 companiesMany roles
Runar Berg Pedersen	Board of Directors	18 companiesMany roles
Bengt Walnum	Board of Directors	13 companiesMany roles
Terje Brunstad	Chief Executive Officer	6 companiesMany roles

Frequently asked questions

What is the Org number of Bupa AS?

Bupa AS is registered with Brønnøysundsregistrene under Org 912402223.

What is the revenue of Bupa AS?

Bupa AS reported revenue of NOK 114.3m in 2025.

How many employees does Bupa AS have?

Bupa AS employs 168 people as of the latest annual report.

Who is the CEO of Bupa AS?

Kjell Arne Grøntjernet is the CEO of Bupa AS, in role since 2022.

Who is the chairman of Bupa AS?

Hans Brunstad chairs the board of Bupa AS, in role since 2024.

Where is Bupa AS headquartered?

Bupa AS's registered address is Strandvegen 31.