Carl Ras

NUFActive

Org 914976707Mileparken 31, Dk-2730 HerlevWholesale of hardware, plumbing and heating equipment and supplies· NACE 4684Est. 2015 · 11 years old1-4 employees

Overview

Carl Ras is a Norwegian NUF based in Dk-2730 Herlev, operating in the Wholesale of hardware, plumbing and heating equipment and supplies sector. Incorporated in 2015, the company reported revenue of NOK 3.4m in its latest annual filing.

Revenue 2025

3.4M NOK

+42% vs 2024

EBITDA margin

9.1 %

+74% vs 2024

Net profit 2025

0.2M NOK

+39% vs 2024

Key ratios

See full ratios →

15.3 %

Weak

Among the 40% lowest rated companies in the industry

20182025

1.2×

Weak

Among the 40% lowest rated companies in the industry

20182025

15.3 %

Strong

Among the 30% highest rated companies in the industry

20182025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	3.4M NOK	+42%
EBITDA	0.3M NOK	+74%
Net profit	0.2M NOK	+39%
Total assets	1.6M NOK	+401%
Equity	0.2M NOK	+39%
Employees	—	—

Financial development

In its most recent annual report (2025), Carl Ras reported revenue of NOK 3.4m, an increase of 42% on the year before. The figures on this page draw on 5 annual filings covering 2018 to 2025. The bottom line showed a net profit of NOK 241.6k, and the EBITDA margin stood at 9.1%.

At the end of 2025, equity financed 15.3% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2020	2019	2018
Revenue	3,408	2,403	672	668	716
Staff expenses	-1,851	-1,153	-645	-620	-648
EBITDA	310	178	0	-0	0
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	310	178	0	-0	0
Net financials	0	44	0	0	0
Profit before tax	310	223	0	-0	0
Tax	68	49	-0	-0	-0
Net profit	242	174	0	0	0

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Balance sheet

NOK thousands

Item	2025	2024	2020	2019	2018
Total assets	1,583	316	121	121	716
Equity	242	174	0	0	0
Long-term debt	0	0	0	0	0
Short-term debt	1,341	142	121	121	716
Total debt	1,341	142	121	121	716

Financial ratios

5-year trend

EBITDA margin

9.1 %

20182025

Equity ratio

15.3 %

Weak

Among the 40% lowest rated companies in the industry

20182025

Return on equity

100.0 %

Very strong

Among the 10% highest rated companies in the industry

20182025

Net profit margin

7.1 %

Strong

Among the 30% highest rated companies in the industry

20182025

Asset turnover

2.15×

Strong

Among the 40% highest rated companies in the industry

20182025

Debt / equity

5.55×

Very weak

Among the 20% lowest rated companies in the industry

20182025

Sector performance

24 of 28 ratios graded

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

Profitability

Gross marginVery strong

Among the 20% highest 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 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)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)Strong

Among the 30% 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)Very strong

Among the 20% 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 40% 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 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 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 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 equityVery weak

Among the 20% 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.

Cash conversion ratioStrong

Among the 40% highest rated companies in the industry

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

Fixed assets to long-term capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

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 equityVery weak

Among the 20% 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 equityVery weak

Among the 20% 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 40% highest rated companies in the industry

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

EBITDA to debtStrong

Among the 30% highest rated companies in the industry

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

Interest rate on debtVery strong

Among the 10% 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.

Interest coverageNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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

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.

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 weak

Among the 10% 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.

Equity to contributed capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

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 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
SB Sine Borup Contact Person	Contact Person	2022

Former (1)


RK Reidar Kjeldsen Contact Person	Contact Person	2019 – 2019

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Carl Ras also hold positions in 277 other companies.

Person	Role here	Other companies
Sine Borup	Contact Person	268 companiesMany roles
Reidar Kjeldsen	Contact Person	9 companiesMany roles

Frequently asked questions

What is the Org number of Carl Ras?

Carl Ras is registered with Brønnøysundsregistrene under Org 914976707.

What is the revenue of Carl Ras?

Carl Ras reported revenue of NOK 3.4m in 2025.

Where is Carl Ras headquartered?

Carl Ras's registered address is Mileparken 31.