Furuseth Utbygging AS
ASDissolvedOrg 917484155Jernbanegata 25, 3916 PorsgrunnUtvikling og salg av egen fast eiendom ellers· NACE 41109Est. 2016 · 10 years old0 employees
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Overview
Furuseth Utbygging AS is a Norwegian AS based in Porsgrunn, operating in the Utvikling og salg av egen fast eiendom ellers sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 11.2m in its latest annual filing.
Revenue 2020
11.2M NOK
+51% vs 2019
EBITDA margin
12.1 %
+267% vs 2019
Net profit 2020
1M NOK
+261% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
15.7 %
WeakAmong the 40% lowest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
26.9 %
Very strongAmong the 20% highest rated companies in the industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 11.2M NOK | +51% |
| EBITDA | 1.4M NOK | +267% |
| Net profit | 1M NOK | +261% |
| Total assets | 3.9M NOK | -51% |
| Equity | 0.6M NOK | -58% |
| Employees | 0 | — |
Company information
Legal name
FURUSETH UTBYGGING AS
Org number
917484155
Legal form
Aksjeselskap
NACE code
Founded
20 June 2016 · 10 years
Share capital
NOK 600,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Kjøp, utvikling og salg av fast eiendom, samt ellers hva som er naturlig i tilknytning til dette.
(no translation available)
Address
Jernbanegata 25, 3916 Porsgrunn
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Financial development
In its most recent annual report (2020), Furuseth Utbygging AS reported revenue of NOK 11.2m, an increase of 51% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of NOK 1.0m, and the EBITDA margin stood at 12.1%.
At the end of 2020, equity financed 15.7% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 11,220 | 7,420 | 10,920 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 1,358 | 370 | 820 | -58 | -17 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 1,358 | 370 | 820 | -58 | -17 |
| Net financials | 0 | 2 | 0 | 0 | 0 |
| Profit before tax | 1,358 | 372 | 820 | -58 | -17 |
| Tax | 310 | 82 | 171 | -0 | -0 |
| Net profit | 1,049 | 290 | 649 | -58 | -17 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 3,898 | 7,982 | 21,369 | 9,617 | 583 |
| Equity | 613 | 1,464 | 1,174 | 525 | 583 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 3,285 | 6,518 | 20,195 | 9,092 | 0 |
| Total debt | 3,285 | 6,518 | 20,195 | 9,092 | 0 |
Financial ratios
5-year trendEBITDA margin
12.1 %
20162020
Equity ratio
15.7 %
WeakAmong the 40% lowest rated companies in the industry
20162020
Return on equity
171.1 %
Very strongAmong the 10% highest rated companies in the industry
20162020
Net profit margin
9.3 %
StrongAmong the 30% highest rated companies in the industry
20162020
Asset turnover
2.88×
StrongAmong the 30% highest rated companies in the industry
20162020
Debt / equity
5.36×
Very weakAmong the 20% lowest rated companies in the industry
20162020
Sector performance
26 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 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)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)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 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 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 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 equityVery weak
Among the 10% 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 10% 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 ratioStrong
Among the 40% highest 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 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 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 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 marginStrong
Among the 30% 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 30% highest rated companies in the 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 equityVery weak
Among the 20% lowest 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 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MB Deputy Member | Deputy Member | 2021 |
HE Contact Person | Contact Person | 2016 |
Former (3)
ÅF Deputy Member | Deputy Member | 2020 – 2021 |
KR Deputy Member | Deputy Member | 2020 – 2021 |
TA Deputy Member | Deputy Member | 2020 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KR Chairman | Chairman | 2021 |
CC Board of Directors | Board of Directors | 2021 |
Former (3)
MB Chairman | Chairman | 2020 – 2021 |
FK Board of Directors | Board of Directors | 2020 – 2021 |
BF Board of Directors | Board of Directors | 2020 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33% | 33% | 2020 | |
| Company | 33% | 33% | 2020 | |
| Company | 34% | 34% | 2020 |
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Related companies
Company hierarchy
Heimgard As
Furuseth Utbygging AS Board network connections
Board members of Furuseth Utbygging AS also hold positions in 345 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Frederic Kristoffersen | Board of Directors | 149 companiesMany roles |
| Morten Borge | Deputy Member | 79 companiesMany roles |
| Tobias Amundsen | Deputy Member | 47 companiesMany roles |
| Knut Rugtvedt | Deputy Member | 39 companiesMany roles |
| Bjørnar Fjeld | Board of Directors | 25 companiesMany roles |
| Åge Flohr | Deputy Member | 4 companies |
| Hanne Eriksen Davik | Contact Person | 2 companies |
Frequently asked questions
What is the Org number of Furuseth Utbygging AS?
Furuseth Utbygging AS is registered with Brønnøysundsregistrene under Org 917484155.
What is the revenue of Furuseth Utbygging AS?
Furuseth Utbygging AS reported revenue of NOK 11.2m in 2020.
Who is the chairman of Furuseth Utbygging AS?
Knut Rugtvedt chairs the board of Furuseth Utbygging AS, in role since 2021.
Where is Furuseth Utbygging AS headquartered?
Furuseth Utbygging AS's registered address is Jernbanegata 25.