Aug 2 AS
ASDissolvedOrg 917871272Kalfarlien 2, 5022 BergenDevelopment of building projects· NACE 6812Est. 2016 · 10 years old0 employees
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Overview
Aug 2 AS is a Norwegian AS based in Bergen, operating in the Development of building projects sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 30.5k in its latest annual filing.
Revenue 2024
0M NOK
−86% vs 2023
EBITDA margin
165.7 %
+165% vs 2023
Net profit 2024
-0.4M NOK
+81% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-21.6 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
2.3×
AverageAround the average of companies in the same industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-3.9 %
Very weakAmong the 20% lowest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 0M NOK | -86% |
| EBITDA | 0.1M NOK | +165% |
| Net profit | -0.4M NOK | +81% |
| Total assets | 10.8M NOK | 0% |
| Equity | -2.3M NOK | -22% |
| Employees | 0 | — |
Company information
Legal name
AUG 2 AS
Org number
917871272
Legal form
Aksjeselskap
NACE code
Founded
19 September 2016 · 10 years
Share capital
NOK 100,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Kjøp, salg og utleie av fast eiendom, investeringer i aksjer og andre finansielle instrumenter, konsulentvirksomhet og det som herved står i forbindelse med dette.
(no translation available)
Address
Kalfarlien 2, 5022 Bergen
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Financial development
In its most recent annual report (2024), Aug 2 AS reported revenue of NOK 30.5k, a decrease of 86% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of NOK 424.3k, and the EBITDA margin stood at 165.7%.
At the end of 2024, current assets covered short-term debt 2.3 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 31 | 216 | 324 | 486 | 482 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 51 | -78 | 298 | -36 | 334 |
| Depreciation & amort. | -0 | -0 | -6 | -6 | -2 |
| EBIT | 51 | -78 | 292 | -42 | 332 |
| Net financials | -592 | -1 | -11 | -2 | 4 |
| Profit before tax | -541 | -79 | 281 | -45 | 336 |
| Tax | -117 | 2,158 | 62 | -10 | 74 |
| Net profit | -424 | -2,237 | 219 | -35 | 262 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 10,756 | 10,758 | 10,750 | 10,352 | 10,433 |
| Equity | -2,326 | -1,902 | 336 | 300 | 334 |
| Long-term debt | 12,738 | 12,262 | 10,104 | 10,175 | 9,928 |
| Short-term debt | 344 | 398 | 310 | -123 | 170 |
| Total debt | 13,082 | 12,660 | 10,414 | 10,053 | 10,099 |
Financial ratios
5-year trendEBITDA margin
165.7 %
20202024
Equity ratio
-21.6 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Return on equity
—
20202024
Net profit margin
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Asset turnover
0.00×
WeakAmong the 40% lowest rated companies in the industry
20202024
Debt / equity
—
20202024
Sector performance
20 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 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 weak
Among the 10% 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 assets (ROA)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioAverage
Around the average of companies in the same 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.
Fixed assets to long-term capitalAverage
Around the average of companies in the same 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 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 ratioVery weak
Among the 10% 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.
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 debtAverage
Around the average of companies in the same 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 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 30% 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 10% 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 debtWeak
Among the 40% 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
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 businessNo data on file.
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JF Chairman | Chairman | 2025 |
Former (3)
EE Chairman | Chairman | 2023 – 2025 |
PA Chairman | Chairman | 2019 – 2023 |
TN Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Related companies
Company hierarchy
Postveien As
Aug 2 AS Board network connections
Board members of Aug 2 AS also hold positions in 47 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Eric Engelsen | Chairman | 27 companiesMany roles |
| Per Arne Hanakam | Chairman | 10 companiesMany roles |
| Tor-Erik Nielsen | Board of Directors | 8 companiesMany roles |
| John-Arne Farestveit | Chairman | 2 companies |
Frequently asked questions
What is the Org number of Aug 2 AS?
Aug 2 AS is registered with Brønnøysundsregistrene under Org 917871272.
What is the revenue of Aug 2 AS?
Aug 2 AS reported revenue of NOK 30.5k in 2024.
Who is the chairman of Aug 2 AS?
John-Arne Farestveit chairs the board of Aug 2 AS, in role since 2025.
Where is Aug 2 AS headquartered?
Aug 2 AS's registered address is Kalfarlien 2.