NG Secure AS
ASDissolvedOrg 912443078Lysaker Torg 35, 1366 LysakerCollection of non-hazardous waste· NACE 3811Est. 2013 · 13 years old0 employeeshttps://www.norskgjenvinning.no
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Overview
NG Secure AS is a Norwegian AS based in Lysaker, operating in the Collection of non-hazardous waste sector. Incorporated in 2013, the company has 0 employees and reported revenue of NOK 60.5m in its latest annual filing.
Revenue 2024
60.5M NOK
−1% vs 2023
EBITDA margin
44.0 %
−8% vs 2023
Net profit 2024
21.8M NOK
+50% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
63.5 %
StrongAmong the 40% highest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
2.6×
StrongAmong the 40% highest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
25.4 %
Very strongAmong the 10% highest rated companies in the industry
20202024
EBITDA — year on year
NOK millionsKey figures
Annual report 2024| Revenue | 60.5M NOK | -1% |
| EBITDA | 26.6M NOK | -8% |
| Net profit | 21.8M NOK | +50% |
| Total assets | 85.9M NOK | -2% |
| Equity | 54.6M NOK | +2% |
| Employees | 0 | — |
Company information
Legal name
NG SECURE AS
Org number
912443078
Legal form
Aksjeselskap
NACE code
Founded
23 August 2013 · 13 years
Share capital
NOK 53,530,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Salg av makuleringstjenester, herunder innsamling, transport, håndtering og makulering/destruksjon av papirdokumenter, elektroniske lagringsmedier, tekstiler og alt sensitivt material som trenger en sikker og trygg håndtering.
(no translation available)
Contact
Address
Lysaker Torg 35, 1366 Lysaker
Website
https://www.norskgjenvinning.no
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Financial development
In its most recent annual report (2024), NG Secure AS reported revenue of NOK 60.5m, a decrease of 1% 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 21.8m, and the EBITDA margin stood at 44%.
At the end of 2024, equity financed 63.5% of the balance sheet, and current assets covered short-term debt 2.6 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 60,508 | 60,816 | 61,318 | 59,785 | 60,604 |
| Staff expenses | -7,938 | -7,694 | -6,048 | -6,842 | -8,205 |
| EBITDA | 26,640 | 28,979 | 29,232 | 29,875 | 29,744 |
| Depreciation & amort. | -1,126 | -11,931 | -11,198 | -10,819 | -15,041 |
| EBIT | 25,515 | 17,047 | 18,034 | 19,056 | 14,703 |
| Net financials | 2,455 | 1,636 | 429 | -307 | -499 |
| Profit before tax | 27,970 | 18,684 | 18,462 | 18,749 | 14,204 |
| Tax | 6,155 | 4,111 | 4,066 | 4,125 | 3,132 |
| Net profit | 21,815 | 14,572 | 14,397 | 14,624 | 11,072 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 85,890 | 87,597 | 81,585 | 84,703 | 82,352 |
| Equity | 54,554 | 53,646 | 53,594 | 55,673 | 53,748 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 31,336 | 33,951 | 27,991 | 29,030 | 28,605 |
| Total debt | 31,336 | 33,951 | 27,991 | 29,030 | 28,605 |
Financial ratios
5-year trendEBITDA margin
44.0 %
20202024
Equity ratio
63.5 %
StrongAmong the 40% highest rated companies in the industry
20202024
Return on equity
40.0 %
Very strongAmong the 20% highest rated companies in the industry
20202024
Net profit margin
36.1 %
Very strongAmong the 10% highest rated companies in the industry
20202024
Asset turnover
0.70×
AverageAround the average of companies in the same industry
20202024
Debt / equity
0.57×
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 30% 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 marginVery strong
Among the 10% 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 marginVery strong
Among the 10% 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 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)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 ratioVery strong
Among the 10% 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 ratioVery weak
Among the 10% 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 40% 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 capitalVery strong
Among the 20% highest 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 ratioAverage
Around the average of companies in the same 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 40% 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 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 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 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 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 30% lowest 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% 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) | ||
SH Chief Executive Officer | Chief Executive Officer | 2024 |
Former (3)
IA Chief Executive Officer | Chief Executive Officer | 2020 – 2021 |
TN Chief Executive Officer | Chief Executive Officer | 2021 – 2023 |
JB Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
KV Chairman | Chairman | 2023 |
TG Board of Directors | Board of Directors | 2023 |
TR Board of Directors | Board of Directors | 2023 |
Former (4)
IT Chairman | Chairman | 2021 – 2023 |
JE Board of Directors | Board of Directors | 2021 – 2022 |
KE Board of Directors | Board of Directors | 2022 – 2023 |
HB Chairman | Chairman | 2023 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Ng Vekst As
NG Secure AS Board network connections
Board members of NG Secure AS also hold positions in 104 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Trygve Nielsen | Chief Executive Officer | 23 companiesMany roles |
| Thomas Revå | Board of Directors | 18 companiesMany roles |
| Ingrid Aasen Bjørdal | Chief Executive Officer | 13 companiesMany roles |
| Jarle Eikenes Hansen | Board of Directors | 13 companiesMany roles |
| Ingrid Therese Tjøsvold | Chairman | 10 companiesMany roles |
| Haakon Bruusgaard Irgens | Chairman | 10 companiesMany roles |
| Kari Von Ubisch | Chairman | 7 companiesMany roles |
| Kim Erlend Hellevik Kvalsund | Board of Directors | 4 companies |
| Trond Gedde Håverstad | Board of Directors | 3 companies |
| Stian Hoffsengen Veganger | Chief Executive Officer | 2 companies |
| Jørgen Berg | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of NG Secure AS?
NG Secure AS is registered with Brønnøysundsregistrene under Org 912443078.
What is the revenue of NG Secure AS?
NG Secure AS reported revenue of NOK 60.5m in 2024.
Who is the CEO of NG Secure AS?
Stian Hoffsengen Veganger is the CEO of NG Secure AS, in role since 2024.
Who is the chairman of NG Secure AS?
Kari Von Ubisch chairs the board of NG Secure AS, in role since 2023.
Where is NG Secure AS headquartered?
NG Secure AS's registered address is Lysaker Torg 35.