Framo AS
ASActiveOrg 912762203Florvågvegen 39, 5305 FlorvågManufacture of other pumps and compressors· NACE 2813Est. 2013 · 12 years old107 employeeshttps://www.framo.no
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Overview
Framo AS is a Norwegian AS based in Florvåg, operating in the Manufacture of other pumps and compressors sector. Incorporated in 2013, the company has 107 employees and reported revenue of NOK 8.3bn in its latest annual filing.
Revenue 2025
8.3B NOK
+30% vs 2024
EBITDA margin
10.8 %
−15% vs 2024
Net profit 2025
1.8B NOK
+513% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
29.5 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
26.7 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 8.3B NOK | +30% |
| EBITDA | 0.9B NOK | -15% |
| Net profit | 1.8B NOK | +513% |
| Total assets | 6.9B NOK | +9% |
| Equity | 2B NOK | +173% |
| Employees | 107 | — |
Company information
Legal name
FRAMO AS
Org number
912762203
Legal form
Aksjeselskap
NACE code
Founded
14 November 2013 · 12 years
Share capital
NOK 95,347,350
Employees
107 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To aksjonærvalgte styremedlemmer i fellesskap, eller av ett aksjonærvalgt styremedlem sammen med daglig leder.
Company purpose
Å drive virksomhet innenfor handel, produksjon og utvikling, eksport og agenturvirksomhet, samt deltakelse i andre selskaper og tilhørende forvaltning, samt drive virksomhet som naturlig hører med til dette.
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Contact
Address
Florvågvegen 39, 5305 Florvåg
Phone
+47 55 99 92 00
Email
marine@framo.no
Website
https://www.framo.no
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Financial development
In its most recent annual report (2025), Framo AS reported revenue of NOK 8.3bn, an increase of 30% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 1.8bn, and the EBITDA margin stood at 10.8%.
At the end of 2025, equity financed 29.5% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 8,276,744 | 6,344,020 | 3,821,422 | 3,015,326 | 3,146,661 |
| Staff expenses | -141,073 | -0 | -0 | -75,530 | -85,658 |
| EBITDA | 897,324 | 1,050,276 | 657,144 | 451,585 | 337,180 |
| Depreciation & amort. | -13,662 | -18,507 | -17,953 | -12,233 | 490 |
| EBIT | 883,662 | 1,031,769 | 639,191 | 439,352 | 337,670 |
| Net financials | 1,453,120 | -654,270 | -72,587 | -354,880 | -189,815 |
| Profit before tax | 2,336,782 | 377,499 | 566,604 | 84,471 | 147,855 |
| Tax | 498,559 | -0 | -0 | 12,412 | 19,599 |
| Net profit | 1,838,223 | 299,660 | 456,699 | 72,059 | 128,256 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 6,883,235 | 6,299,719 | 3,798,775 | 2,084,544 | 2,772,033 |
| Equity | 2,031,557 | 745,031 | 897,959 | 591,257 | 724,317 |
| Long-term debt | 95,831 | 0 | 10,362 | -41,681 | 5,933 |
| Short-term debt | 4,755,846 | 5,549,787 | 2,885,553 | 1,530,068 | 2,036,883 |
| Total debt | 4,851,677 | 5,549,787 | 2,895,915 | 1,488,387 | 2,042,815 |
Financial ratios
5-year trendEBITDA margin
10.8 %
20212025
Equity ratio
29.5 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
90.5 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
22.2 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
1.20×
AverageAround the average of companies in the same industry
20212025
Debt / equity
2.39×
WeakAmong the 30% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 marginVery strong
Among the 20% 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 10% 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 10% 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)Strong
Among the 30% 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 ratioWeak
Among the 30% 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 ratioVery weak
Among the 20% 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 30% 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 ratioWeak
Among the 30% 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 ratioWeak
Among the 40% lowest 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 equityWeak
Among the 30% 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 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 debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest 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 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 capitalStrong
Among the 30% 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 debtStrong
Among the 30% 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 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
IV Deputy Member | Deputy Member | 2020 |
JM Chief Executive Officer | Chief Executive Officer | 2019 |
JL Deputy Member | Deputy Member | 2020 |
Former (1)
TS Deputy Member | Deputy Member | 2020 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (12) | ||
PC Board of Directors | Board of Directors | 2021 |
SK Board of Directors | Board of Directors | 2026 |
JK Board of Directors | Board of Directors | 2020 |
SL Board of Directors | Board of Directors | 2020 |
JG Board of Directors | Board of Directors | 2020 |
TS Board of Directors | Board of Directors | 2025 |
BH Board of Directors | Board of Directors | 2021 |
JM Chairman | Chairman | 2025 |
ER Board of Directors | Board of Directors | 2020 |
AB Board of Directors | Board of Directors | 2024 |
AH Board of Directors | Board of Directors | 2020 |
SG Board of Directors | Board of Directors | 2025 |
Former (8)
TP Board of Directors | Board of Directors | 2020 – 2023 |
RE Board of Directors | Board of Directors | 2020 – 2025 |
MS Board of Directors | Board of Directors | 2023 – 2024 |
KS Chairman | Chairman | 2020 – 2025 |
EC Board of Directors | Board of Directors | 2020 – 2021 |
JH Board of Directors | Board of Directors | 2024 – 2026 |
SD Board of Directors | Board of Directors | 2020 – 2021 |
JK Board of Directors | Board of Directors | 2020 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
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Framo AS (this company)Board network connections
Board members of Framo AS also hold positions in 97 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sigbjørn Drengenes | Board of Directors | 28 companiesMany roles |
| Steffen Lunde Mjåtvedt | Board of Directors | 12 companiesMany roles |
| Johan Lunde Sagen | Deputy Member | 10 companiesMany roles |
| Per Christian Jæger | Board of Directors | 9 companiesMany roles |
| Jan Martijn Bergink | Chief Executive Officer | 7 companiesMany roles |
| Morten Sivertsen | Board of Directors | 5 companies |
| Tormod Skurtveit | Deputy Member | 4 companies |
| Jeanett Knappskog Flatøy | Board of Directors | 4 companies |
| Sigve Gjerstad | Board of Directors | 3 companies |
| Ingeborg Vangdal | Deputy Member | 2 companies |
| Ronald Edvard Pedersen | Board of Directors | 2 companies |
| Bengt Holme | Board of Directors | 2 companies |
| Julie Hesla Steinum | Board of Directors | 2 companies |
| Jon Kennet Eriksson | Board of Directors | 2 companies |
| Trond Petter Abrahamsen | Board of Directors | 1 company |
| Jan Gangstø | Board of Directors | 1 company |
| Ernö Craciun | Board of Directors | 1 company |
| Anne Britt Frøseth Isachsen | Board of Directors | 1 company |
| Atle Håkon Lernes | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Framo AS?
Framo AS is registered with Brønnøysundsregistrene under Org 912762203.
What is the revenue of Framo AS?
Framo AS reported revenue of NOK 8.3bn in 2025.
How many employees does Framo AS have?
Framo AS employs 107 people as of the latest annual report.
Who is the CEO of Framo AS?
Jan Martijn Bergink is the CEO of Framo AS, in role since 2019.
Who is the chairman of Framo AS?
Jan Martijn Bergink chairs the board of Framo AS, in role since 2025.
Where is Framo AS headquartered?
Framo AS's registered address is Florvågvegen 39.